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ITO Intechnology

24.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intechnology LSE:ITO London Ordinary Share GB0001388932 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 24.00 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 24.00 GBX

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Intechnology (ITO) Top Chat Posts

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Posted at 06/11/2007 08:44 by pbracken
You can stay with the company, SundayT, as a shareholder in a private company. The premium is the sweetner for those who choose not to. Wilkinson will argue that the share price will stagnate if ITO remains a PLC, but will flourish if it is delisted. I gather that investors will be given 'windows' (every six months) to sell their shares following delisting.
Posted at 26/9/2007 13:29 by pbracken
"This business motivates me," he says, noting a share price around 30p. "I can see a share price of £1.50. "

A quote from Wilkinson's interview with the FT.
Posted at 26/9/2007 12:27 by pbracken
Thanks for the post, chris. I only hope we get a chance to share in the spoils before (if) PW makes a bid to take it private. The Interims will be a time to flag-wave and spur on the share price - I mean, ITO has not exactly communicated its recent successes, has it?
Posted at 30/8/2007 07:16 by pbracken
Trading in-line. Note also that ITO appears to have bought PTT from MBT for its own business.

InTechnology plc (the "Company")

AGM Statement and Trading Update



InTechnology plc ("InTechnology" or "the Company"), the voice and data Managed
Services provider, announces that at the Annual General Meeting of the Company,
which was held on Tuesday 7 August 2007, all resolutions proposed at the meeting
were duly passed.

The Board also announces that trading continues in line with expectations.

Following InTechnology's investment in Mobile Tornado in September 2006, the
Company invested in Mobile Tornado's Push to Talk ("PTT") technology which was
designed primarily for an operator and developed a PTT managed service. The UK
launch went ahead as scheduled in July and is proceeding well.

Following the sale of the Company's UK Specialist Distribution division, the
Company announces that last week it completed the sale of its Harrogate freehold land and buildings, which had been leased to the purchaser, for #4.6 million giving rise to a surplus on disposal of approximately #2.6 million before tax.
Posted at 31/5/2007 06:41 by pbracken
lburby: re TRT; I just felt the share price had got ahead of itself in that it was pricing-in revenues that won't be seen for a good while yet. I've scaled back my holding and await some substantial developments beyond those already announced.

Very positive on its propsects, though.
Posted at 30/5/2007 12:03 by lburby
pbracken

bought ito and gme on your good advice !
Have you had a look at lin ?
If so, what do you think ?
Posted at 17/5/2007 01:43 by thailand43
MBT up 33% yesterday despite some very odd looking buy/ sell trade reporting for the day on ADVFN.

PB, re your post of 4th April -'No provision for is made for MBT in its forecasts. That could prove to be a significant omission', what significance are you pondering...a sale by ITO of it's holding?
Posted at 04/4/2007 09:44 by pbracken
New note from PANR reiterates 'BUY' recommendation and beefs up the revenue figures for the next two years, highlighting the growth potential of MDS.

2008 forecast is for pre-tax of £2.8m on revenues of £51m; 2009E is £6.8m and £61.2m respectively.

Cash levels are forecast at £13.5m (I think it will be closer to £15m). The company is debt free.

The report also mentions the management's belief that ITO will be a £100m business within three years, and that its more conservative forecasts may have to be revised upward as progress is made.

No provision for is made for MBT in its forecasts. That could prove to be a significant omission.
Posted at 08/10/2006 02:55 by thailand43
philjeans- I'm referring to the logic/ fit of the purchase to ITO, if in fact it is anything more than old mates helping each other out with cash at hard times that I suggested in my recent post. I couldn't access your linked SE announcement but maybe it was similar to the AFX of the 25th:

"InTechnology buys 80 mln Mobile Tornado shares for 4 mln stg
LONDON (AFX) - InTechnology PLC said it bought 80 mln shares in Mobile
Tornado Group PLC for 4 mln stg.
The purchase will be financed from InTechnology's existing cash.
InTechnology said its investment in the mobile data software company will
complement the activities of its managed services unit.
In the six months to December 2005, Mobile Tornado made an operating loss
56,951 stg and had net assets of 868,441 stg, of which 616,747 stg was in cash."

I'm making the point that ITO states that the investment will,"..complement the activities of it managed service unit." This explains nothing and when I say that the bid is 3p it would probably be nearer 0p of ITO tried to dump the stock and run so we may have blown all 4m on a purchase that looks very questionable at this stage.

Believe me that I am on your side as a holder but if it is not profit warnings that plague the ITO share price it is poorly justified/ executed strategies that may include this Mobile Tornado deal.

We are just recovering from

-Early expansion into Europe with managed storage and costly subsequent withdrawal
-Purchase of Allasso security distributors in Europe and recent costly retreat


If only they would stick to successfully optimising sales and development of the core managed storage services, hopefully soon without the distraction of the distribution business, then I think the share could fly.
Posted at 04/10/2006 18:04 by philjeans
ITO is a 23 year old, well established AIM listed company providing IT solutions in all its forms to businesses, but focussing on data storage. It has 360 staff, now virtually all UK based.

Basically, despite margin pressure, the UK part is profitable but they got into trouble with the european side, consistently losing money and wasting management time and focus. The euro division was sold in March this year, freeing up much needed human resource and capital - the net proceeds of approx £19M will/has cleared all uk borrowing and there is £12M net cash already in the balance sheet.

The business works very closely with IBM, Nortel, Symantec, Check Point and has won many awards. Turnover is substantial at £215M and management are now determined to gain more profitable new business and increase margin on existing/renewal contracts - something that is already happening.

With the euro business sold (it lost them £9M last year!) the turnaround in profit this year will be significant - last year's figures also included exceptionals of several million for complete re-organisation of the various uk sites and divisions. Debt servicing has also now disappeared.

The share price has failed to recognise the full impact of the cleaner, sharper UK business and continues to reflect the difficult and loss making past few years. A very positive report from the Chairman in June was followed up with an AGM statement that Q1 results were in line with expectations.

ITO have a small but growing VOIP division and last week spent £4M of their cash pile buying 43% of Mobile Tornado, an aim listed mobile data software company with good growth prospects to "complement the activities of its managed services unit".

A good time to buy ITO I believe with the bad news already dealt with and the better times ahead, not yet fully revealed, or anticipated in the current share price.

Directors hold large stakes - Peter Wilkinson CEO 57%

I hold. DYOR etc.
Intechnology share price data is direct from the London Stock Exchange

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