Indigovision Share Discussion Threads

[dlku] 02/8/2016 15:37

only 4 months to go and then we have 40 cents which at current exchange rate is eps of 30 pence


take the cash out PE is almost 4

[sharw] 02/8/2016 15:33

Thanks for the link. The 40c you quoted earlier is in fact the 2017 forecast. For this year they have EPS (Adj., FD) (¢) 26.5 - at the current exchange rate of around .76 that would be 20.14p for a p/e of 7.8 at 157.5p. The 19p I found from the same broker was probably a pre-brexit conversion.

However, forget the p/e - the other ratios I posted (3680) are much more compelling.

[dlku] 02/8/2016 15:21

IND another of Paulys stocks, 157p and he said he would sell at 400p

[dlku] 02/8/2016 14:52

up it goes

[dlku] 02/8/2016 14:48

Should be big windfall from lower pound as it gets paid in dollars

[rubberbullets] 02/8/2016 14:44

Nice to see director buying - finance director

[rubberbullets] 02/8/2016 14:33

IND taking off
Don't say i don't give you nothing, heres the note

hxxps://www.indigovision.com/Portals/2/Documents/Reports/2016/Broker%20Notes/IndigoVision%20Group_CC_080716.pdf?ver=2016-07-11-100342-287


ENJOY!!

RESULTS 15 SEPTEMBER

PER of 5


Make it Rain!!

[sharw] 02/8/2016 14:14

That is roughly 30p. Which broker? All I can find is house broker N+1 Singer on 19p this and 29p next year, although dig*tallook has a forecast of 20.47p but when you then click on consensus it says no results found!

[dlku] 02/8/2016 13:23

40 cents forecast on broker note

[sharw] 02/8/2016 13:18

PE of 5 ??

Current forecast eps 19p current price 157p - I make that a forward p/e of 8.26

[rubberbullets] 02/8/2016 11:38

results 15 Sept and PE of 5, excluding cash PE of 4

[kev0856153] 02/8/2016 09:56

is this in play

[kev0856153] 02/8/2016 09:55

wots going on

[iain123] 02/8/2016 08:53

Axis are growing at 13% in the last half despite Chinese competition and IND are still winning orders:

hxxp://www.reliablesecurity.com/laughlin-river-lodge-dottys-press-announcement/

although the pathetic director buy is usually a big SELL sign…..

[hugepants] 01/8/2016 22:07

looking a bit perkier here

[paul the octopus] 20/7/2016 10:59

which balcony u looking from that pleases you with £10,000 worth of director buys, that's not even a month salary ffs.99p anyone?

[balcony] 13/7/2016 12:44

Pleased to see another director buy

[hugepants] 11/7/2016 20:11

Paul Scott has done quite a big write-up on the trading update (registration required which is free)


...Overall, I would accept an exit at about 400p per share, but selling at 123p per share now doesn't make any sense at all to me, so I'll sit tight. Management have reasonable stakes, so interests are aligned. There's a good geographic spread of business, so Brexit impact should be mitigated. The recent exchange rate movements should be beneficial, as the sterling overhead base in Scotland just got cheaper, relative to gross margin in US dollars....

I'd probably accept a bit less than 400p.

[sharw] 08/7/2016 14:21

£18m tangible assets at last BS giving p/b 0.52

£34m forecast revenue this giving EV/sales 0.27

Forecast EPS 19p giving p/e 6.45 or 4.0 after cash stripped out.

It looks like a value investor's paradise BUT-

MCap now less than £10m puts it below the radar

Company has disappointed so many times in the past - 2 years ago the share price was over 500p

[she-ra] 08/7/2016 12:35

So they've got £3.54 million net cash, marginally loss making and valued at £9.31 million. Enterprise value of £5.77 million.

Are they vulnerable to a bid?

[hugepants] 08/7/2016 10:17

I suspect IND did not give a 2nd half forecast because they got it so hopelessly wrong last year. Better to be more conservative.

But I think H2 does tend to be better than H1. The trading update implies the $1.25M operating loss for H1 has been almost wiped out. Lets say its down to $0.25M.

H2 last year was a big disappointment but still yielded an operating profit of $0.5M. If similar underlying AND if cost efficiencies have the same effect as in H1, then H2 could give a profit of $1.5M. That would give a $1.25M profit for the full year which is an eps of about 12p. Remember IND don't pay tax because of their deferred tax asset.

The other big question is the depreciating pound. IND were getting squeezed out by the Chinese but are IND's products now 10% cheaper to overseas buyers? Depends on how much of the costs are in sterling I suppose.

"...Working capital management remains strong, with net cash of $4.6million at the period end."
Strong cash flow. Thats over 45p per share in cash.

[oilretire] 08/7/2016 09:23

Largely eradicated = not totally eradicated, therefore remnants of a loss will remain........

[cockerhoop] 08/7/2016 09:06

Last year in their trading statement (released earlier in Apr) they stated H2 would be much improved, this year no H2 outlook..........

[cliffpeat] 08/7/2016 08:58

Interim trading update

What does this really mean (and is the sloppy wording a reflection of woolly management thinking)?

" As a result, the Group expects to report that last year's first half operating loss of $1.26million has been largely eradicated. Working capital management remains strong, with net cash of $4.6million at the period end."

To eradicate a loss you have to make a profit - so should we expect an interim profit around $1m? I suspect that they actually mean we made a loss (again) but a smaller loss than last year.

I am not impressed with the management or marketing functions of this company but having lost half of my small investment am hoping for a bid that values the technology and customer base.