Intec Telecom Systems Share Discussion Threads

[cheapskate67] 01/4/2010 14:30

Thanks for the info,Debbie.

[debbiegee] 01/4/2010 10:05

Check out the last paragraph !
Oracle could pick them up for loose change !

[debbiegee] 01/4/2010 09:46

OK trades
4k
172k
174k
100k
Could be somebody accumulating ?

[andyc100] 01/4/2010 09:09

Thanks cuprakid.

[pugg1ey] 01/4/2010 08:52

think he meant of ITL:-)

[andyc100] 01/4/2010 08:44

Hows Level 2 looking anyone please?

[debbiegee] 01/4/2010 08:42

I guess it only needed to spark and 60 was important

[bobsidian] 01/4/2010 08:33

No surprise that after taking such a clattering there is hesitation to see whether or not further selling is in the offing.

[hamish123] 01/4/2010 08:27

Article in Times.Not good for confidence.Panmure quote-"is this a prang or car crash".

[debbiegee] 01/4/2010 08:01

l2 showing 59/60 anything else is just 2 shares
oops sorry moves quicker than I can type !
I guess a lot of folk not at desks today so wont be too dissapointed if not too much happens.

[alchemy30] 01/4/2010 07:41

Bounce from here ?

Quite a bit of press overnight, some complimentary some not so much but all would suggest that the fall was overdone and that target prices are still alot higher than here.

[ossies] 01/4/2010 05:39

ITL - taken from elsewhere:-

'Shares in Intec Telecom (ITL) slumped by 35.75p to 58.75p as it warned that first half revenues will be 10-15% below forecasts due to order delays and pricing pressures. Profits are also expected to be affected. If current trends continue, full year revenues could be similarly affected. Panmure Gordon downgraded its stance on the firm from hold to sell, with a target price of 79p, down from 105p, commenting that the competitive pressures over pricing was a disturbing development'.

So was the drop overdone yesterday?

[smellyjim] 31/3/2010 22:40

only problem is the guidance they gave the city not long back, this is shot to pices likr their credibility. Whilst not in big i'll be holding off buying more yet, the city isn't a forgiving beast when cos break promises (and twice upto now).

[andyc100] 31/3/2010 22:25

Intec Telecom shares dive on profit warning
By Philip Stafford

Published: March 31 2010 17:16 | Last updated: March 31 2010 17:55

Analysts said Intec Telecom Systems could be vulnerable to a takeover bid after the telecommunications billing software group issued a profit warning that wiped almost 40 per cent off the value of its shares.

The group blamed aggressive price competition in emerging markets, particularly from Subex, an Indian-based competitor, for missing first-half revenue forecasts by 10-15 per cent.

Some analysts on Wednesday questioned the guidance given six weeks ago by the management team of Andrew Taylor, chief executive, and Robin Taylor, finance director.

"We had the impression that there was less than £5m of revenue at risk in the first half, so we are a little surprised at the scale of this," said David Toms, an analyst at Numis Securities. "We suspect it will take some time to rebuild investor confidence."

The duo had spent 18 months patching up investor faith in Intec after it was beset by profit warnings four years ago, taking shares to a nine-year high as it won contracts around the world from customers such as AT&T, Cable and Wireless, France Telecom and Verizon.

Wednesday's warning pushed the shares down 35p, or 37 per cent, to 59½p.

RBS, the group's broker, said the shortfall implied that revenue for the six months to March 30 fell from £80.3m a year ago to £69m, while underlying full-year profit would be about £16.1m compared with £29.3m last year.

Ian Spence, an analyst at IS Research, pointed out that emerging markets had been a major part of Intec's growth strategy as European and North American sectors matured.

"Is it as much of an opportunity as we thought? That's the big question now for them," Mr Spence said.

Intec spent five months in 2008 rebuffing an approach from an unidentified third-party.

General Atlantic, the group's largest shareholder, was understood to be holding out for more than 65p a share when Intec was valued at 50p a share.

Mr Spence said that Intec had been linked with a bid from US business software groups Oracle and Convergys Corporation.

"Intec is always on people's screens and this will flag it up again," he said.

Intec said that there had been further deferrals on several contracts from customers in the Europe, Middle East and Africa regions.

It said it planned to further cut costs and hire sales staff.

[smellyjim] 31/3/2010 15:34

Looks like an end of day rally coming, if it gets through 60p then only MMs quoting so should get to 65p region quick. Think papers will be wheeling out the takeover story tomorrow that Numis has mentioned. Interesting that things perked up as US market opened given the name mentioned in the past is a US based co.

[lucky_lady] 31/3/2010 14:56

Well I am in at 58, so fingers crossed it returns to where it should be which is a lot higher than this.

[tratante] 31/3/2010 14:55

those sellers beginning to drive the price up!

[ukinvestor220] 31/3/2010 14:54

a whole load at 58 just cleared the book

[robwoodt] 31/3/2010 14:52

you looking at the right screen it was 220k v 80k @ 2%

[ukinvestor220] 31/3/2010 14:45

looks like theres plenty more sellers here L2 looking bad again