Intechnology Share Discussion Threads

[philjeans] 25/1/2007 13:52

explorer; sorry for the delay in replying - been away.

Very difficult to project figures here after all the transactions.

I think they are still cash rich though and have a sharper focus on their simpler business plan now.

How much more cash and management time will be required to get both Mobile T and Evoxus washing their respective faces, let alone producing significant returns, is virtually impossible to estimate!

But I still think the management are very capable, with the right contacts, to really get the new ITO performing over the next 12/18 months.

Seems others are latching on too!

PJ

[masurenguy] 22/1/2007 10:38

Very quiet this morning - 8k sells to 4k buys as at 10.30.

Like explorer I'm trying to figure out forward sales and pretax projections after the recent disposal and acquisition. Company has been significantly downsized over the past 12 months and reorientated into managed services so it is a bit difficult to get a handle on the potential of the restructured business.

[explorer88] 19/1/2007 13:53

hello pj

just taking an initial look at ITO and trying to get my head round prospective numbers for the next 12 months. are you able to give me any guidance on numbers after the recent sales and acquisitions, in particular:

1. how much cash will be left after latest acquisition
2. the turnover you expect for the next twelve months from combined managed services / tornado /latest acquisition
3. likely net profit / loss on next 12 months turnover

etc....???

[philjeans] 15/1/2007 11:25

Chart looking good now for a sustained rise before a massive breakout - see the 5 year picture.

A few souls now believing the unfolding story - gonna be a multi bagger in time.

[pbracken] 11/1/2007 14:45

It does look interesting, and explains why Lower left abruptly.

I look forward to the next mkt update - perhaps March/April pre-close...

[philjeans] 11/1/2007 13:57

Another acquisition; a complementary bolt-on for both ITO and Mobile tornado.

This is a fast moving group now and the market has yet to catch on.

[philjeans] 02/1/2007 10:46

Now confirmed the sale of the distribution division was completed on 29/12.

Good news; plenty of cash in the bank; better margins on remaining sector and less to worry about and easier to focus on profitable growth business for management

The stake in Mobile Tornado is a wild card but could just be a major coup in a year or two.

Strong buy for 2007.

[dibbs] 12/12/2006 19:41

pbracken,

Thanks also

Dibbs

[dibbs] 12/12/2006 14:09

Spooky, Thanks

Dibbs

[pbracken] 12/12/2006 14:08

I don't have the report, guys, just the forecast summary. The EPS is expected to be 1.3p 2008 rising to 1.82p 2009. Seem a tad low in my opinion.

[spooky] 12/12/2006 14:07

25 times the 2008 numbers assuming a full tax charge.

[dibbs] 12/12/2006 13:34

pbracken,

Do you know what that would be in EPS terms?

TIA

Dibbs

[philjeans] 12/12/2006 13:26

PB - thanks for that; could you copy it here, or to me perhaps?

Good to see it recommended - holding tight for now.

[pbracken] 12/12/2006 13:18

Panmure has just issued a BUY note - it is looking for pre-tax £3.5m 2008 and £4m 2009, on turnover of £35m and £40m repsectively.

[philjeans] 08/12/2006 12:49

Once the analysts and stock pickers have digested the figures and worked out the true potential for this very lean and hungry machine, I can see a big jump in share price ahead.

Very strong balance sheet now and will be looking for other acquisitions to streamline and sweat out the assets.

Could be a good time to accumulate some more Mobile T too.

[ruby2] 08/12/2006 02:23

Im in again this company is prety sound--Yorkshire CEO been in the game for a few years-----------------Got a grip------------Plugged the hole in the boat ---------------lots of cash----Enjoy the ride!

[philjeans] 07/12/2006 10:40

Yes - thats a good price and provides a huge cash war chest now to pick off weaker competitors in their remaining sector.

Bags of scope now for a big pick up in earnings and s/p.

Bargain at anything under a quid.

[pbracken] 07/12/2006 09:26

£41m for Distribution - I'm relieved that it is much higher than analysts had been expecting.

Say ITO has c£40m in cash, which equates to around 28p per share. So, the mkt is valuing Managed Services and ITO's stake in MBT at £20m, or about 14p a share. That's way too cheap.

[philjeans] 27/11/2006 14:39

Yes - ITO parachuted their directors into Mobile Tornado last week; could have much further to go too.

[pbracken] 27/11/2006 14:23

MBT is up 45% today - the 80m share ITO bought for £4m two months ago are worth over £6m today; that's worth 2p on the sp!

[pbracken] 24/11/2006 09:26

philjeans - asuming Distribution is achieving last year's revenues, it will turnover about £190m. Now, it has been loss-making in the past, but Wilkinson was bullish about it being profitable this FY. Let's assume it's on course to make £5m (of the £8.5m forecast), what value would you put on the business?

Surely it's worth 10 pre-tax, or around £50m? If this is a reasonable ball-park figure, then the mkt would be valuing ITO (at the current sp) at about cash - so Managaed Services, the jewl in the crown of the ITO enterprise, would be valued at nothing. MS is worth 35-40p at least, given its profitability and growth prospects.

ITO is definitely due a re-rating.

Edit: analysts are suggesting £30m for Distribution (according to Yorkshire Post). Seems too low in my opinion, though much depends on its current level of profitability.

[philjeans] 23/11/2006 15:03

I'm still amazed this hasn't been walked up by the MMs anyway - directors negotiatating for the sale of a major part of the business!

Have they dropped the price to shake a few out?

[spooky] 23/11/2006 14:04

bashful3 - It was Kleinworts,it was an unspecified number but i know it will be a large number.

[bashful3] 23/11/2006 13:32

I have lots already, spooky; what interests me is who is offering the line of stock, and in what size. Could you ask your broker?

[spooky] 23/11/2006 12:28

Bashful - I wasn't offered a specific number so i would be guessing at the size,but i reiterate that you should not let this put you off buying the stock.