Intelek Share Discussion Threads

[damosan_home] 02/3/2008 10:10

Directors buys 30th November and 27th February bodes well, although the value of their purchases is small. The RNS may temporarily halt the slide, but I can see ITK drifting lower still before the trading announcement late April. I am sure that we will go down to 15.5p in March, but not too much lower. ITK is a bargain at these levels, don't leave it until April to add some more.
All imo, dyor.

[napoleon 14th] 23/11/2007 10:08

An old friend to me is this one, tho' I'm out for now. Coming right at last, eh?
Still needs to get out of that downtrend, tho'...I.C. or no I.C.
I want to know whether we get the bounce peeps are on about, now Thanksgiving is out of the way... Might get back in if that happens.

ITK can be very overlooked for long periods. Reminds me of Laser Scan!
Anyone remember that one?

[nickcduk] 23/11/2007 09:01

Thanks Penpont

I think I may pay a visit to WH Smiths to have a read of the article. The Satellite coms part is interesting. If they are finding asking prices way too high then that should obviously read through that their own business should command a similar value. A multiple of less than 9 doesn't really do it justice. If ITK became a takeover target then I don't see why 35-40p wouldn't be out of the question.

I think there is a buyer mopping up stock here. The pre results move up wasn't based on reported trades. Most of those were sells. Even now its not as if the IC tip has led to much buying to justify the move up. Yet WINS is happy to take 50k at the bid. Happy just to hold here until market conditions stabilise. If the price doesn't improve then I would expect corporate action to follow.

[penpont] 23/11/2007 08:45

Nickc:

Article is fairly detailed and very positive - here is concluding para:

The growth in satellite communications equipment market demand plus the return to profit at Labtech will enable Intelek to continue to grow. Intelek has already secured 88 per cent of forecast second half turnover. Gains relating to the reduction in liabilities for the group's pension funds flattered the 2006-07 figures. The underlying pre-tax profit was £2.34m, so underlying profits are forecast to grow 28 per cent this year. Buy.

Also mentions they are looking for aquisitions in Satellite coms but are finding asking prices way too high.

[nickcduk] 23/11/2007 08:28

It is a reflection on how bad sentiment is at the moment that a main tip in the IC can only garner £3k worth of buys after half an hours trading. Does anyone have a brief run down of what they have said?

[penpont] 23/11/2007 08:18

Main tip in today's IC

[nickcduk] 20/11/2007 09:25

Here is a link to their interim results presentation and commentary. It doesn't really add anything new but gives a bit more background on the company and what it does. Worth watching and listening to.

[jeff h] 20/11/2007 08:49

Yes nick an upgrade from Brewins:-

Y/E 31/3/08 Pre Tax £3.0m EPS 2.3p Div 0.5p
Y/E 31/3/09 Pre Tax £3.3m EPS 2.6p Div 0.5p

[nickcduk] 20/11/2007 06:58

Just noticed that broker forecasts from Brewin Dolphin yesterday. Unfortunately it looks as though they might have spoilt Intelek's thunder. They have bumped them up 10% for the current year and are now forecasting £3m in profits and 2.3p in earnings. It might now prove to be a struggle to get a materially ahead statement in the next few months. Still its excellent news and in today's environment I don't think you will find many other companies having their forecasts moved up like ITK have.

[nickcduk] 19/11/2007 09:03

I thought the results were excellent. Paradise managed to shrug off a 0.2m hit to profits from the weakening dollar. CML looks poised for decent growth from the programmes it is involved in. Labtech turnaround is ahead of forecast with the promise of a decent profit in the second half. They even managed to shrug off a significantly higher tax rate as well.

Outlook was bullish. Given that ITK have under promised and over delivered of late I am pretty sure we will get a materially ahead of forecasts statement before the year end. The problem in this market is that there are very few buyers so despite todays results we haven't moved sharply up. Hopefully some decent broker comment and some wider coverage might correct that.

[jeff h] 19/11/2007 08:10

Easily on target to exceed expectations despite dollar weakness.

Existing Forecast Pre Tax £2.7m EPS 2.1p Div 0.42p

....heading for in excess of 10% to the forecast

[manzarek] 19/11/2007 07:51

Only just had a quick read through but results look good and outlook for full year seen as +ve. pbt 1.48, div increase to .15p, eps up 44% to 1.15p, what say the market

[nickcduk] 06/11/2007 10:43

It does look like we will continue to have some pre-results buying here. Another 10 trading sessions to go before we get our results so there should be a little more upside to come yet. We know results will be good so hopefully that will lead to some follow through buying like we had after the final results.

[daza70] 06/11/2007 10:29

looks to be some pre result support here!

[mistertibbs] 26/10/2007 23:27

Emergin- the shareclub I'm part of also in this and couldn't agree more. Thinking of a wee top up next month if the share price stays close to this level

[emergin] 26/10/2007 10:49

26th October 2007. Meeting of shareclubuk.co.uk Investor - Members to review Intelek plc (ITK-AIM) club notes..

16th October 2007.Swedish IP header compression Effnet AB, a subsidiary of Effnet Holding AB, said on Tuesday (16 October) that it has signed a licence agreement with the UK-based satellite communication equipment and solutions supplier Paradise Datacom Ltd, part of Intelek Plc.

14th September 2007. AGM trading update
Paradise Datecom, will also benefit from delivery of half of the $1.5m China modem contract Their second half year should also start positively following
the recent award of a $0.9 million order as the first tranche of a $1.2 million modem programme for a Government customer.

CML continues to benefit from the strength of its programmes, particularly the A320 and the Hawker Beechcraft corporate jet, and after five months is comfortably ahead of the same period last year. Further progress has been made in their strategy of increasing the diversity of their aerospace programmes.

Labtech has responded well to the actions taken at the turn of the year.
Expectations for the half year are still at the breakeven level (2006: operating loss of £0.3m) on lower sales with improved trading in the second half. Order inflow was 49% ahead of sales in the first five months. It is particularly pleasing to note Labtech's success in winning £1.3m of orders for assembled and tested microwave circuit boards for European AESA (Active Electronically Scanned Array) radar manufacturers. These orders were announced in June 2007 and are an example of Labtech's progress towards more specialist higher value added circuit assembly and test.

Club's notes. Paradise Datacom, CML and Labtech are all trading positively with strong order inflow. Intelek's share price is holding steady and the club is showing a proven 18.44% profit. At this stage I can't see any reason to change anything about the company, as it's trading solid new business wins which will drive Intelek in the right direction. So I will take advantage of the situation as the share price is trading at a discounted rate.

[emergin] 20/10/2007 12:44

Intelek PLC. The Group's principal activity is designing and manufacturing electronic systems for satellite and microwave communications, and precision parts for the aerospace markets. The Group's operation focuses on electronic components and equipment for satellite and wireless communications and advanced military applications. Applications cover such areas as microwave frequency design, digital signal processing, thermal modelling, microwave circuit processing and precision machining, sub-assembly, kitting of parts and composite. Products includes satellite modems, transceivers, block up-converters, solid state power amplifiers and low noise amplifiers. The Group also provides specialised manufacturing services for the aerospace market. The Group operates in the United Kingdom and the United States of America.

The above is a write up is listed on the www.shareclubuk.co.uk for the out of town visitors and members to read. I had noticed that the amount of shares traded last week was down on that of the last few weeks standing at 204,883 with a Market Cap of 17,475 million the share price is trading a shade down at Friday's close at 18.00p to the high of 22.50p back around July this year so there room for improvement. At this moment the club is in profit to the tune of 25% of our investment, I see the Group company Paradise Datacom as a main driver to the Group moving forward over the next few weeks with the $1.5 million China modem contract and other new business wins. Intelek first came to the clubs radar January of this year.

[utsushi] 19/10/2007 20:12

should of been ok, but now looks a bit iffy?

[utsushi] 11/9/2007 15:55

enormous anticipation here ahead of the results..should be ok.

[daza70] 07/9/2007 10:50

14th for the AGM - i think the statement should be bullish again!

[nickcduk] 07/9/2007 10:05

AGM is due soon I believe. We should get a trading statement as well. With recent director buying and bullish talk at the last set of results Im hoping its going to breath some life into the share price. The company consistently beat forecasts last year. Lets hope for more of the same this year.

[daza70] 07/9/2007 09:57

hi all, hope everyone is still holding! Looking fowward to the next couple of months running up to the interims mid november time!

[mistertibbs] 03/9/2007 12:14

It's nice to see the directors buying in today, after I got in with my shareclub a few weeks ago.

[blueliner] 29/8/2007 08:08

XD today .25p

[utsushi] 16/8/2007 12:24

good rel str..i'm not selling this one..