|Intec Telecom Systems
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Intec Tel.Syst. (London Stock Exchange): 0 recent articles
|colinhy: To see the manipulation of the ITL share price go to the website below to see the short/long activity on ITL (the graph shows Microsoft MFST just replace this with ITL)
ABOVE GRAPH SHOWS ITL SHARES ON LOAN|
|trendfloor: Intec Telecom Systems plc
Response to share price movement
In view of today's share price movement, the Board of Intec Telecom Systems plc ("Intec" or the "Company") confirms that it is in highly preliminary discussions with a third party which may or may not lead to an offer for the Company.
Discussions are at a very early stage and as such there can be no certainty as to whether any offer will be forthcoming nor as to the level at which any offer might be made.
A further announcement will be made in due course.|
|bobsidian: It is ugly if you are on the wrong side of the move.
And it is even uglier for those who bought higher up in the belief that the move lower at the end of March was overdone to begin with.
I do tend to agree that around the 40p level may provide some support but given the speed of motion in this share, it would not surprise to see the share price overshoot to the downside.|
Bid rumours are certainly circulating for this co as one would expect....... world class in its field generating significant amounts of cash who's crown has recently slipped. However the quick and decisive action taken to cut costs has been well received and it they could add a few new contracts then the recovery story will begin to have greater credence.
It is well known that US tech stocks are sitting on piles of cash looking for opportunities which sterlings weakness is clearly presenting them with. For anyone contemplating a corporate move however, they find themselves in a pincer movement of a recovering share price
and diminishing opportunity. Interesting .....|
The machinations behind the developing of bid interest tend to come from driving a share price down until the company and its valuation become a compelling source of bid interest. Doing so allows buyers to acquire as many shares as possible at as low a price as possible before any bid interest materialises.
This may - and I do stress may - be only a technical correction in the share price.|
|bobsidian: Closer scrutiny of the last set of full financial statements reveal some interesting points.
That the reported EPS was inflated and flattered by significant tax credits. Strip those out on the basis of being possible one time events and you are left with a true basic EPS of around 5.5p. If the maximum impact felt was some 15% decline in revenues and that decline were able to be mitigated by a proportionate reduction in cost of sales then the impact after tax would see the EPS drop to around 3.25p. In a worst case scenario ITL may be trading on a P/E ratio of around 17 times 2009/10 earnings even at its current share price.
However, ITL is essentially debt free and in this stockmarket environment such shares are ascribed hefty premiums. Though in an unrelated sector, ARM is a good example of this. Add to that a net asset value per share and a net tangible asset value per share of around 63p and 33p respectively and you can sense the brutality of effectively taking the share price into ex-growth territory.
Not quite as clear cut an opportunity as first perceived. Doubtless long term holders could not believe their luck when ITL attained the heady heights of £1.20 per share on a possible misperception by the stockmarket of the true underlying financial performance of the business.
Back to pricing in reality no doubt. If the 61.8% Fibonacci retracement level of the entire move since December 2008 to its peak in January 2010 holds then at best I suspect that any recovery move to correct its oversold technical state may be restricted to around 69-70p before once more moving lower.|
|volvo: The fair reduction for todays news was 20p about 20pc. So the share price will return to 80p soon imo. It said it might impact it might not, depends on the worlds confidence.|
|mrmerkin: From ADVFN evening euro markets. After being stopped out and like J3000 Can't be ar5ed, but good luck to all in your journey to 129p
'The interim management statement from Intec Telecom was disappointing to Singer Capital Markets though the broker reckons that the decline in the telecoms company's share price 'could present a buying opportunity'.
The fly in the ointment for Intec is the general economic weakness in the Europe, Middle East and Africa (EMEA) region, which accounts for 38% of sales.
The slowdown in economic activity is prompting customers to defer buying decisions, as a result of which Intec's first half revenues will probably be below the constant currency numbers from the previous year.
'Note that Intec achieved 6% constant currency revenue growth in FY'09 (Sept year end),' Singer analyst Tintin Stormont pointedly observes.
'From our discussion with the company, this [decline in sales] seems to be driven by lengthening sales cycles (in regions like Africa where it has some new business in the pipeline), rather than deals going away,' Stormont said.
The broker has left its full year estimates unchanged from the time being and retained its 'buy' recommendation. The target is left untouched at 129p.'|
|truffle: As I said, give it time.
Far better to have a good, steady rise in the share price over time than a share price that is all over the place.
So far, so good.|
|colinhy: Now we know the seller was Trematon whose previous selling has been holding down the ITL share price over a long period. I expect an upward direction in ITL share price now this selling pressure has gone.
"Private equity company Trematon Capital Investments (TMT) said that it has disposed of a portion of its shareholding in Intec Telecom Systems plc.
The company has now disposed of its remaining shareholding in Intec on the open market, being 5 216 979 Intec shares, for a total consideration of 31.4 million rand. The disposal took place over the period 11 May to 6 June, it said."
Intec Telecom Systems share price data is direct from the London Stock Exchange