|Can anyone tell me what happens if you submit your shares and only say half are bought from you.It looks to me from the timetable of events that you wouldnt have enough time to sell them on the open market before the delisting takes place.|
|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.|
|I thought there were rules around taking a company off the market. The proposal seems to be to use the company's money to buy out the public minority. This will enhance shareholder value for the non-public majority. For the public shareholders it is a form of robbery.
Anyone out there got any any justification for the board?|
|You're right, pj - and I made a similar point to him. Still, I'm inclined to stick with the company as a private entity. My investment may come good yet.|
|Starts to come good - and he takes it off the market!|
|"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.|
|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?|
|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.|
|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.|
thanks.... are you still in trt ?
I see you did not pick trt in the trt bb comp.|
|lburby: I don't know anything about LIN, save to say yesterday's news augurs well.
GME is an interesting play. I post occasionally on the bb so you might know my reasons for investing in it. But it is risky - and the size of my holding would make any disappointment a tad painful.|
bought ito and gme on your good advice !
Have you had a look at lin ?
If so, what do you think ?|
|lburby: no surprises, and trading in-line during the first quarter of 2007. So, on balance, OK - but nothing (yet) to write home about.
But I think the underlying story is a good one and I expect that this will emerge at the financial half year. The cash and recurring revenues (at Managed Services) provide a strong floor for the sp, so any risk lies (IMO) to the upside.
A good BUY at these levels.|
what do make of the results ?|
|Not a sale, but a recognition of the carrying value of the investment, and any future dividends that may (and will very likely) accrue.|
|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?|
|Nice and early for a change - they weren't due until 8/9 June. Not surprising, really; there are two fewer divisions to audit....|
15 May 2007
Notice of Preliminary Results
InTechnology plc (ITO.L), will announce its preliminary results for the year
ended 31 March 2007 on Thursday, 24 May 2007.|
|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.|
|Well, a few things are happening even if it's quiet here...
InTechnology's deal with Janet
VAR looking to extend its automated online backup and recovery service to other public sectors after winning lucrative education contract
sara yirrell, CRN, 19 Mar 2007
InTechnology has bold ambitions for its Vbak automated online backup and recovery service after signing a lucrative education sector contract.
The VAR last week signed a deal with East Midlands Metropolitan Area Network (EMMAN) to supply its Vbak business continuity service to all the universities and education establishments in the region connected to the national academic network, more commonly known as Janet.
Anton Murphy, head of public sector at InTechnology, said the firm is already generating more than £1m a year through a similar deal signed three years ago with the London Metropolitan Network, and plans to extend the service to other regions.
"Janet has about 1,000 academic institutions connected to it in the UK including universities, colleges and primary and secondary schools," he said. "This equates to 18 million users, so the potential is huge. We are the first company in the UK to be able to offer this service on a national basis."
Murphy said the VAR also has plans to offer Vbak to other public sector organisations such as local governments and health institutions.
Peter Darby, commercial manager for EMMAN, said: "InTechnology has made the investment in Janet and jumped through the right hoops. Vbak is an ideal service for our backup needs as it has already been evaluated and proved on the Janet network."|
|These 2 articles give some of the info that you are looking for:
InTechnology adds to managed services might
Firm moves quickly to build services offering after offloading distribution arm
Doug Woodburn, CRN, 12 Jan 2007
As predicted by CRN (CRN, 11 December), InTechnology has moved quickly to bolster its managed services portfolio following the sale of its distribution arm, acquiring IP telephony specialist EEscape Holdings.
EEscape is the parent company of Exovus, which InTechnology said designs, builds and operates a broad range of voice, data and IT communications products and services.
InTechnology is paying a total cash consideration of £6.6m to acquire a 100pc stake in the business, consisting of a basic sum of £3m and £3.6m to cover debts. Exovus made a group pre-tax loss of £2m and has net liabilities of £4.1m.
InTechnology will combine its conquest with its Managed Voice Services Division, which it formed back in May.
Peter Wilkinson, chief executive at InTechnology, said: "Week by week, we are seeing increasing demand for our VoIP services.
"This is an area of exciting growth and one we want to focus on. Today's acquisition completes our VoIP offering, adding strong telecoms skills and delivery to our strong data and network capabilities."
InTechnology finds voice with Evoxus acquisition
Monday January 22, 11:30 AM
By Doug Woodburn
Bullish InTechnology intends to almost triple voice sales to £50m over the next three years following its transformation into a managed voice player and its take-over of Evoxus, as revealed by CRN last week (CRN Online, 12 January).
The voice unit, which was founded in May as part of InTechnology, has become more of a focus for the firm following the sale of its security and storage distribution arm to German-based DNS (CRN, 12 December).
Its first move following the sale, and its subsequent change into a managed voice player was to acquire IP telephony specialist Evoxus in a £6.6m deal. The move completes its managed voice unit by enabling it to offer legacy voice and end-to-end SIP-based services to mid-sized firms. With a turnover of about £17m, Evoxus will push the unit's annual sales towards the £20m mark.
Marcus Warren, sales director at InTechnology, said: InTechnology is effectively now a managed services company. Traditionally this has been around data, but this makes our managed voice business just as large. Over the next two to three years we see it doubling in size to £40-£50m.
Warren said that InTechnology plans to reach its goal through either customer-based acquisitions or by cross-selling managed voice services into existing clients. The firm still has more than £35m left in its war chest from the distribution sale.
Henrietta Lacey, consultant at market watcher Pierre Audoin Consultant, said: This latest acquisition further highlights the ongoing consolidation activity that continues to dominate the UK telecoms market.
Evoxus has a niche offering in the fast-growing space around IP technology and in this respect, will strengthen InTechnology's portfolio and positioning in the SME market.
Scott Fletcher, chief executive of VAR ANS, said: InTechnology has positioned itself to become a leading managed services player with a range of services. It will be interesting to see how it develops the combined offerings to customers.|
|Looking at three sites they are all a bit different as regards what year and how much. Perhaps its just a question what the site means by the year number.|
|Article in IC 19 Jan gives EPS as 2006 1.8p 2007 4.2p 2008 5.2p.That is very different to pbrackens figures. Puts ITO on 2007 forward p/e of 10. One to watch says IC. Perhaps too early to buy ?|