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[daniel] 19/8/2016 16:51

David Allenby is our friend since 2005, he posts here occasionally and closer than you think. Great man!

[assagai] 19/8/2016 13:45

No not me today. Seems IGE is emerging over the horizon. I know one or two new investors have come aboard recently though. We should be due a pre close statement soon. Well within a few weeks anyway...

[philjeans] 19/8/2016 12:03

Hmmmmmmmmm......so it would seem!

Are you still at it then Assagai?

[waggle] 18/8/2016 16:38

very limited stock available...

[iwillbe] 18/8/2016 09:29

Thank you for the info. Very useful and as you say a very patient guy.

[knownowt] 18/8/2016 08:51

A very patient shareholder. He first appeared on the list in the 2006 R&Acc. with 1.45m , by 2010 his holding had grown to 5.54m and by last year's accounts had grown further to in excess of 10m.

[iwillbe] 17/8/2016 21:23

Anyone know who David Allenby is in relation to IGE, apart from

Being a major shareholder?

[philjeans] 17/8/2016 17:32

Well done Assagai - good luck to you.

Still holding here!

[owenski] 15/8/2016 20:26

Wouldn't like to guess on share prices, but the business is in different shape now with seemingly better prospects. High PE ratios come down quick enough with improvement in earnings. The share price is moving up for good reasons and it's entirely possible - having gone nowhere for years - that it'll go a lot higher.

[assagai] 15/8/2016 19:15

The price rise is more easily explained, i think due to the likely move into profit
shortly. Small micro cap tech firms habitually are priced to fail and this one is clearly heading for success now. It is not uncommon for PE ratios to go stellar in the early days especially with a firm that has languished for so many years with tangible and clear reasons for the change of fortune. The only reason for a substantial pull back would be a sudden rush for the door by large holders and speaking as one , that is not about to happen. I think the story is moving fast now. There are forecasts floating about significantly higher than where we are now.

[puffintickler] 15/8/2016 17:22

I'm out for now, I have seen gains evaporate too many times so tend to be a bit more conservative these days.

I can see these going higher in time but I fear a substantial pull back first. Even 5p is pricing in another major order or two, which may not be forthcoming in the near future.

But I am probably wrong.

GLA

[iwillbe] 15/8/2016 08:48

I think you could be right with news coming philjeans.
Didn't expect the strong rise first thing this morning.
Took me by surprise. Was going to add to my small holding
now I shall have to pay more.

[philjeans] 15/8/2016 08:44

Off to a strong start again - more good news coming?

[assagai] 09/8/2016 14:59

market cap & 5.3 million (still) looking cheap. Where went those 4 years......

[vasilis] 09/8/2016 10:56

I must admit I came across IGE last year when I was doing a bit of research on the security industry (including going through some very informative commentary by posters here such as EJ, PJ, Assagai and others)which led me to conclude that the company was clearly weighed down by some serious historical issues. The company's valuation - as pointed out by EJ last autumn - reached a low of around £2m. You couldn't blame anyone new like myself initially approaching the company with the proverbial 'bargepole'!

However, it also quickly became clear that the upside as regards future prospects was more or less priced in for a song and it is worth noting and re-capping what the case was then and even more so now -

1 New and experienced management within the industry sector have come into the company.

2 The market is definitely a growing one.

3 New products are in the pipeline.

4 Money is available to the company.

5 There is significant potential customer demand.

Of course the company still has to deliver to customer expectations and move into profit on the P&L, but the risk/reward is clearly now weighted towards the positive end of the spectrum in my view. I certainly therefore hope that all the seasoned long term holders who bought at much higher prices than myself reap their rewards. I've been around long enough to know that once tiddlers like IGE which are in lucrative markets move into the black, the share price not only recovers in leaps and bounds, but bigger fish in the industry are inevitably attracted that might end up 'swallowing the tiddler' - at a much higher price.

So, should be an interesting time over the next year or so IF all goes to management's plans. Good luck to all holders.

[puffintickler] 09/8/2016 09:11

EJ

My first purchase was in July 2007 at 16.4p, so count yourself lucky!

Quite a bit of averaging down, sells and buys since then so I am now have a very healthy profit compared to my average investment here.

Unfortunately small beer compared to my losses on TRT....

[mathematic] 08/8/2016 19:29

We're all fine up here, Assagai. I'm out of TRT, sold @ 4p., which looks a masterstroke now!

[assagai] 08/8/2016 18:00

Hi mathematic , how's the north doing?
Nice if TRT follwed suit?

[mathematic] 08/8/2016 17:27

Hear, hear.

[assagai] 08/8/2016 17:24

EJ , my first post on this thread was in Nov 2005 and i think iv'e had a bite at every price between then and now and never sold any! Good to see a few old Stagers having their patience rewarded!

[puffintickler] 08/8/2016 16:34

I bought back in early 2014 at 2.5p so the current share price of 4p would give a healthy profit well in excess of my target.

But unlike the last time I sold out there are very good reasons for the price rise so I am not at all tempted to sell. The two big orders alone will turn the company round, other sales are running well enough to make IGE break even. There may be a good bonus from the Todd JV too.

Maybe double figures would not be such a pipe dream after all.

[assagai] 08/8/2016 14:10

Yes it's difficult to resist at these prices still. Somewhere in double figures would be nice but that's 10 to 99 isn't it?