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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intercede Group Plc | IGP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -1.42% | 104.00 | 15:35:36 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 105.50 | 104.00 | 105.50 | 104.00 | 105.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 16/3/2024 14:02 by ianhamo Write up in investors Chronicle this week! Hopefully give the share price a boost! |
Posted at 24/11/2023 21:07 by somerset lad I'm not convinced anything is brewing. It may be that the strong share price movement just reflects investors thinking through the operational gearing involved in IGP growing revenues at a decent clip and keeping costs under control. There's a huge gap ("jaws") between GM and operating margin that provides an opportunity for significant operating margin expansion if the revenue growth comes through.IGP said “The ambition over the next 3-4 years is to double revenues" through organic growth and M&A. Purely for discussion (DYOR as always), let's take TTM numbers of £13.0m revenue, £934k PBT, £1.65m PAT and think what IGP might look like in 3.5 years time. Assume organic revenue growth of 12% p/a(IGP’s management is pretty conservative, so I expect they’re aiming for something materially better than 10%, more like 15-20%, but let's not get too far ahead of ourselves) for 3.5 years. £13.0m TTM revenue x 1.12 ^^ 3.5 = £19.3m. Assume costs growth of 6% p/a (with the vast majority of sales through partners, inflation falling and management very focused on cost, they might well come in below 6%). £12.066m TTM costs x 1.06 ^^ 3.5 = £14.8m. Annualised PBT in 3.5 years from organic growth = £19.3m - £14.8m = £4.5m. If IGP’s objective of doubling revenue in 3-4 years is to be met, it would need (on the assumptions of 12% revenue and 6% costs growth) to add £6.7m revenue through acquisition (£13.0m x 2 – £19.3m). (I appreciate that the aim of "doubling" revenue is broad brush, so using £6.7m is clearly spurious precision.) If we assume a post-merger operating margin of 15% on the £6.7m of hypothetical assumed revenue for the acquired business, this adds PBT of £1.0m, taking the PBT in 3.5 years to £5.5m (£4.5m organic + £1.0m acquired). (The purchase price for a business that adds PBT of £1.0m post synergies might be 13x or £13.0m, assuming that the synergies are significant. IGP currently has £9.7m gross cash and is generating cash (usually) ahead of earnings. It’s clearly beneficial for IGP to have net cash on the balance sheet because it provides assurance to large counterparties and partners, but it went into debt with the CLN so, if the acquisition opportunity arises in the near term on relatively depressed valuations, IGP could borrow modestly short term or raise a small slug of equity to support an acquisition at £13.0m.) Returning to the hypothesised PBT in 3.5 years of £5.5m, I’ll assume a tax rate of zero given the current large tax payments to IGP and the tax losses that are carried forward, giving a conservatively stated fully diluted EPS (using 62.4m shares) in 3.5 years time at 8.8p. You can pick your own PE on this hypothetical for a business that’s growing at a decent clip, generating lots of cash and benefiting from strong operational gearing. |
Posted at 25/11/2022 09:08 by earwacks I think that is a trick they used think the issue with aim stock in particular is that there are a lot of forced sellers especially fund managers. As soon as a company released a positive update the sellers see a chance to raise some cash for whatever purpose, tax, overinvested, paranoia etc. frustrating for us because it all screams buy to me! Maybe unduly optimistic. A lot of investors got badly caught out with Cnic last couple of days. Straight back up 10 percent yesterday after seller cleared. The problem is nobody knows the reason why people sell. Directors have been backing igp lately. I topped up again at 52p only to see it drop to 45p. I think my original purchase was about 49p 3 years ago. Sold half around £1.20 and started buying back a bit too soon. My break even is now 70p but made a fair bit from earlier trading. It’s never very liquid. I did manage to sell about 20000 in one go once, but usually have to trade in blocks of about 5 or 6 thousand max online. I think you get better prices that way |
Posted at 18/10/2022 12:56 by clanger66 Just watched the investor meet company presentation, nothing new but for the first time in a while I can see some exciting potential. Management came across very well and I would encourage anyone who has an interest to watch the presentation. I am a holder so probably biased but interested in others views. |
Posted at 10/10/2022 17:06 by earwacks Investor meet company meeting October 18th. Hope that will enlighten us more. |
Posted at 02/9/2022 10:13 by ianhamo If you listen to their (SWG) shareholder presentation on Investor meet, it sounds like our CEO wrote the script. They even mention if they thought a cyber company that has been in business for 20 yrs was an option, they would consider buying it! |
Posted at 11/11/2021 17:49 by somerset lad Not clear if it is from zero (despite the blank boxes on the notification) as Liontrust Asset Management had 3.8% on 10 August 2021 (see hxxps://www.interced |
Posted at 05/6/2021 08:35 by ianhamo Investor Presentation 10.06.21, is this a positive or a negative?Possible rights issue?Notice of Offer? |
Posted at 01/4/2021 16:28 by ianhamo Computers, Technology & InternetWidePoint Partners with Intercede to Deploy MyID for a New Fortune Global 500 CorporationFAIRFAX, VA / ACCESSWIRE / March 31, 2021 / WidePoint Corporation (NYSE American: WYY ) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, has partnered with Intercede (IGP) on a new managed services contract to supply a Fortune Global 500 corporation with identity management credentialing services.Under this contract, which will see Intercede's MyID credential management software form a core part of WidePoint's managed services, WidePoint will deliver professional services, hardware, and Personal Identity Verification (PIV-I) credentials. WidePoint will issue PIV-I credentials to a segment of the new customer's employees, providing logical access to a large federal agency's information and resources."Secure, remote connectivity is critical for many commercial and government entities to perform their work effectively," said Jason Holloway, President of WidePoint Cybersecurity Solutions Corporation. "And as this award, which is the third major IdM contract we have announced since the start of the year, demonstrates, a greater number of enterprises are realizing the value our IdM solutions provide. We look forward to continuing to build upon this momentum throughout the year."Intercede's Chief Executive Officer, Klaas van der Leest stated, "MyID continues to offer enterprises and federal governments the technology they need to issue and manage credentials simply, securely, and at scale. WidePoint's managed services offering is a natural fit for MyID as it provides the manageability and compliance to federal standards that many organizations in the United States must meet. The fast turnaround of this deployment, from initial discussions to operation in under 30 days, underlines the simplicity of WidePoint's managed services offering, which is something I expect will bring confidence to prospective customers who have concerns about entering into long and complex PKI deployments. We look forward to many new customer wins together."MyID credential management software will be hosted by WidePoint and used to issue and manage digital identities on behalf of managed service customers. Customers will benefit from WidePoint's PKI-based multi-factor authentication deployment in compliance with current and emerging federal standards, without the requirement to deploy and manage the architecture in-house.Caroline Godfrey, Chief Security Officer of WidePoint Cybersecurity Solutions Corporation, added, "Over the last year we experienced a new era requiring rapid remote workforce adoption that catapulted Zero Trust to the top of the IT modernization list. No longer can you rely on physical barriers to protect access to your data. Digital identities are the new norm. Getting back to the basics with strong identity proofing is the root for establishing trust, and that's what our credentials enable."Jin Kang, WidePoint's CEO, commented, "WidePoint is uniquely positioned to help numerous commercial organizations seamlessly access their secure information while adhering to federal policies with our comprehensive offerings of trusted digital identity credentials. We've been effectively doing so in 2021, and we look forward to continuing growing the presence of our credentials to ensure that more government employees and contractors are all able to securely work remotely and on premises."About WidePoint ??WidePoint Corporation (NYSE American:WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.About Intercede ??Intercede is a cybersecurity company specializing in digital identities, credential management and secure mobility. Intercede is headquartered in the United Kingdom, with offices in the United States. For more information visit intercede.com.WidePo |
Posted at 19/2/2021 15:38 by davidosh Just to let shareholders and prospective investors know that we will be featuring Intercede Group in the #MelloMonday show on Monday evening In the MelloBASH (Buy, Avoid, Sell or Hold)panel sessionTickets are still available and if you would like one at half price then enter the code MMTADVFN50 It is a four hour show so here is the programme.... 6.00 pm Mello News 6.05 pm Interview with Fund Manager Stephen English 6.35 pm Barry Gamble is on the Mello Soap Box 6.45 pm Hummingbird Resources Company presentation 7.15 pm Introduction from Primary Bid James Deal 7.25 pm Open Orphan plc Company presentation 7.55 pm Are you engaging enough on Twitter? Hear from our Twitterati panel @reb40, @grahamneary, @shiftingshares, @1James1n1 8.15 pm Image Scan Company presentation 8.45 pm Mello BASH including the Fund Manager Stephen English, Jack Brumby from Stockopedia, Bruce Packard and Kevin Taylor |
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