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IEN Intelligent Env

7.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intelligent Env LSE:IEN London Ordinary Share GB0004630454 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.125 GBX

Intelligent Environments (IEN) Latest News

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Intelligent Environments (IEN) Discussions and Chat

Intelligent Environments Forums and Chat

Date Time Title Posts
15/3/202112:43Intelligent Environments profitable, cash generative and debt free490
08/4/200917:46Very Intelligent Environments1,636
18/1/200712:28SHARES mag tip - Sky's the limit821
06/9/200503:47DEAL SECURED - RECOVERY PLAY OF THE YEAR1,044
04/3/200519:52IEN - the morning dawn calls1,889

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Intelligent Environments (IEN) Most Recent Trades

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Intelligent Environments (IEN) Top Chat Posts

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Posted at 15/3/2021 12:43 by waspfactory
All ex holders of IEN, please beware of a scam by a company called White Rock Capital Partners. They tell you that you still own a quantity of script dividend shares and you need to sign a non-disclosure agreement. After sending the agreement they will contact you again and the scam gradually becomes apparent when they inform you that you need to send funds up front to be able to get the bid price per share from the mystery buyer.
Posted at 06/7/2010 10:26 by darias
Hi

It seemed to me that Documetric had the software knowhow to develop the mobile banking.

"Documetric's primary activity is as a provider of technology-led outsourcing
services including payments, accounts payable and receivables management and
business intelligence. Documetric is one of the ten largest BACS Bureaux in the
UK, with around a six per cent share of UK wage and salary BACS payments. For
the year ended 31 December 2009, Documetric reported revenues of GBP10.2 million
and profits before tax of GBP1.8 million."

These are interesting times in the Banking sector and I got the impression over the last few months that IEN were starting to stagnate as they couldn't offer a complete solution to the Banking fraternity. It is hoped that with this take over and a new name that they can go once more to the banks with a complete package.

The reverse takeover

� Combines the Company's expertise in online and mobile banking markets
with Documetric's middle & back office to deliver turnkey solutions to clients.

But I could be reading to much into the announcement.

As the placing is at 7p there does seem scope for a rebound from here. But I do not feel that there will be a big gain until some of the placers have taken their share of the profit. With fees taking up 25% or so of the placing it may be that the share price will have to rise to over 10p in order for the placers to benefit.
Posted at 06/7/2010 10:16 by foreverhoping
from the chairman's letter:

The Company has today also announced that it has conditionally raised GBP4.5
million before expenses by way of a Placing of 63,874,286 Placing Shares at a
price of 7 pence per share. The approximate net proceeds of the Placing are
GBP3.5 million which will be used, inter alia, as working capital for the
Enlarged Group, to repay part of the existing debt of the Documetric Group, and
to provide the resources to allow the Enlarged Group to increase its market
share in the BPO and self-service banking market though complementary
acquisitions and organic growth.

i find a few issues in here:

1. raising 4.5 million. net proceeds 3.5 million. where is 1 million going? fees and tax?

2. part will be used to repay 'part of the existing debt of the documetric group'. so we are no longer debt free.

3. looking at 'complementary acquisitions' - poss future rights issues/further share dilution?

plus ien lose ceo and cfo positions and what appears to be a major handover of influence to documetrics. who is taking over who?

this 'reverse takeover' may be a good thing, but many questions to be answered. as usual the small shareholder has been kept in the dark and ignored with regard to the share placing.
Posted at 22/6/2010 16:54 by estonia
yr right kruger but you know market conditions not this company's ability to produce first class products and clients have had a big impact on the share price..................and I feel we are entering calmer waters now and this Company will eventually be seen as a major player in its market and the shares will rise substantially..........................
Posted at 14/4/2010 15:37 by harrytrad3
A cynic might suggest that the fallen Chelsea opportunity has been rolled out in 3 announcements to dampen the share price

It wasn`t an income stream so why the trumpetting of it?

First time around I thought it may have been to make the `selected few` share placing cheaper (ie top 4 or five shareholders participated in the raising of £750,000. And the price they paid was cheap compared with previous months` share price

I hope that there is no manipulation involved.

And IEN why is there no upbeat commentary?
Posted at 13/4/2010 17:19 by meict
Final Results

I am sorely disappointed by the way this has been handled. Undoubtedly many other Intelligent Environments shareholders, including members of this bulletin board, feel the same.

They had bad news to tell us and they handled it badly.

On 4 December 2009, IEN informed shareholders that because of:

"The recent announcement of the merger of two major UK financial institutions in the building society sector has resulted in a significant order for the IE NetFinance platform being cancelled.

"As a result, revenues and profit for the year ending 31 December will not meet market expectations, but should be in line with 2008. Current year cash flows have not been materially affected. In addition, despite winning 4 new clients in the year compared to 2 in 2008, the downturn in the consumer finance market has limited the growth potential in 2009 of our transactional based revenue model, which is a temporary setback to long term profitable growth"

Less than two months later on 26 January (another Tuesday), they posted this pre-close year end trading update:

"As previously reported, due to the recent merger of the Chelsea Building Society and the Yorkshire Building Society, a significant order for our IE NetFinace platform was cancelled. As a result, revenues for the full year are expected to be £6.4m with estimated operating profits of £1.0m.

"Despite this project cancellation, I am pleased to report that significant progress was achieved across the group. During the period, cash generation remained strong with our cash position at the year-end improving 10% to £1.1 million. This was underpinned by growing recurring revenues, which are now 30% of total revenues up 5% on 2008 and driven by our NS&I saving solution which went live in Quarter 4 2009."

What is the Financial Director playing at? He must have known to the penny, even before the year end, what the Company was or was not making. And now he tells us that operating profits are not £1 million BUT £860,000!

Why harp on and on about the cancellation of the order caused by the amalgamation of the Chelsea and the Yorkshire Building Societies? Some money was probably lost here but how much? [A profit of £500,000 was expected] You can't count a profit until you've banked it but IEN don't seem to play by normal rules.

Without seeing the books, I don't intend to try and best guess where this £140,000 and other profits have been lost. Staff numbers have increased by around 14% plus ten employees in India but the increased costs seem small in comparison.

As I believe that income is going to rise substantially this year it may have been prudent to roll over the £400,000 (actually £354,117) amortisation charge (or £214,000 of it) into the current financial year. If they'd omitted this charged this year, they could have claimed a modest rise in Profit Before Tax.

Alas, there should have been two announcements not one. Clive Richards has told us today:

"Post period end, we successfully raised new money which has enabled the Group to complete its new mobile banking platform which, I am pleased to announce has already been sold to a high profile financial services customer".

Surely it would have been better to make this announcement a week today when the disappointment caused by this update had worn off.

Having vented my spleen about what I perceive as clumsy handling of this and previous announcements, I must admit that IEN have done very well under most trying conditions.

I am still expecting great things of Intelligent Environments and if an opportunity arises increase my holding substantially.

meic
Posted at 12/4/2010 11:42 by meict
The game's afoot! No snide remarks about twelve inches please.

Although it's unlikely that my sad comments have raised IEN's share price so dramatically, I will be very pleased (as I said in post 384) if it is 10p at the close of play on Friday. Of course, if it's more I'll be even happier.

I think that a number of contributors to this bulletin board will probably agree when I say that Canaccord Adams' Buy Target of 12p may soon become a reality. The next 'milestone' after that will be the doubling of the share price.

Well Kruger, the present share price is twice what you thought it should be four months ago (posts 252 and 267 on the 5th and 18th December) when you thought 5p "fair valuation" and 4-6p "a fairer price". Are you selling or staying on for the ride?

meic
Posted at 09/4/2010 13:07 by meict
Harry,

Have a little faith. If you don't have a dream, how are you going to have a dream come true?

Both Estonia and I know that we will see Intelligent Environments (IEN) at 50p, perhaps I envisage it a little quicker than Estonia but this is a high tech stock and with these anything is possible.

Returning to faith, IEN successfully raised almost £0.75m with their recent placing at 9p when the shares were quoted at less than 8p. Did they do this because the subscribers knew something or because they are fools? Admittedly, three quarters of a million isn't a great deal to these people but it's a great deal when you throw it away on a whim.

Similarly, BlackRock has increased its holding. Did it do this because it couldn't think of anywhere else to put the money. No, again, they can see that there's something happening here and they want a bigger chunk of it.

I don't know if you read all my post. You can't see the share being 50p by Christmas but in my penultimate (last but one) paragraph I mentioned that I expected the price to return to what it was at the time of the company's flotation in 1996 (94p). What I didn't mention was what I thought the share price would be in two years.

Meic
Posted at 09/4/2010 11:35 by meict
I have, for some time, considered buying shares in Intelligent Environments (IEN) but before I started my research I found the company and its share price movement somewhat enigmatic.

It joined the AIM in 1996 when it raised £18 million with a flotation price of 94p but now languishes at less than 9p - is it likely that it will ever see 94p again?

Recommendations appear to be many, the share rises and then falls back for no apparent reason. Now IEN's new Nomad/Broker, Canaccord Adams, has issued a Buy Target of 12p.

The order cancellation following the merger of the Chelsea and Yorkshire Building Societies seems to be overdone. Was there ever an announcement regarding wining this contract?

The cancellation of IEN's Share Premium Account is a move in the right direction and although it's unlikely that IEN will pay a dividend for 2009, as there will little improvement on 2008's figures.

Post Year End (31 December, 2009), all the news, other than the order cancellation, seems to be good:

1. A major customer is now committed to a V4 upgrade involving a 3 year licence extension.

2. The long awaited launch of the Orange Credit Card became a reality in early January. According to IEN "it has received much praise from the financial press for its innovative features."

3. Amongst other client gains will be a full contribution from National Savings & Investments.

4. Additional mobile banking and e-statements opportunities will present themselves and IEN expects other licence extension throughout 2010.

Having absorbed these points and noted firstly that BlackRock has increased its holding in IEN. The second major happening is that IEN successfully raised £0.75m (gross), by placing of 8,340,868 ordinary shares at a price of 9p with established institutional shareholders, the Company's Chairman, Clive Richards, also subscribed.

These funds are being used to develop IEN's NetFinance mobile banking platform in order to address the significant mobile banking opportunities in the United Kingdom, as well as internationally. The market is enormous! Recent indications suggest that the mobile banking market in Western Europe will grow to €4-5 billion by 2013, as banks target mobile transactions to drive revenue growth.

It is expected that IEN's solution will service this demand and provide a comprehensive mobile banking service to bank customers. This service will supersede what is currently on offer, which use basic ATM functions. IEN's system will provide a secure, branded platform, enabling consumer banking customers to see their banking details across all of their accounts from current, saving to credit card as well as a complete summary of account activity which will include money in, money out, pending transactions, available balances, as well as overdraft limits.

With its development team well in place, IEN expects to announce the existence of its mobile banking solution later this month. The initial platform will be the Apple iPhone, followed quickly by support for the Android, Blackberry and Windows mobile platforms. IEN's expected revenue will come from two sources: installation fees and also a transaction-based fee calculated by the number of registered users.

IEN's new Nomad/Broker, Canaccord Adams, claims that one of its specialities is Technology shares and it was possibly this understanding of companies in this field that caused the transfer to them. Their Buy Target of 12p is just a beginning, as the shares could easily double by the end of this month, a return to the issue price of 94p, I believe, is a distinct possibility.

Estonia, I'll be very disappointed if the share price is less than 50p by Christmas. And I'll also be disappointed if you sell your holding that cheaply.
Posted at 19/3/2010 15:02 by harrytrad3
Estonia, do you work for Forrester Research? Or IEN?

Viz yesterday if a sell of 160,000 caused a drop in share price then I suspect that the share may be illiquid just now.

Also with results to be announced in April and updates on IEN`s mobile banking investment likely then too, why would any deep pocketed investor want to sell? After all the futures bright its partly Orange.
Intelligent Environments share price data is direct from the London Stock Exchange

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