||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
|nickcduk: pentangle - Congratulations. Milky bars are on you!
I think the company could have been more proactive about realising value for shareholders over the last few years. Its all good and well saying you are running the company well and the share price will respond eventually. TND being a company with a similar attitude. More focus needs to be paid to the share price and addressing shareholder value. If only thats how markets operated rather than the current system where companies are run for the self serving benefit of directors.|
|westcountryboy: Previous estimate for 2011 was 3.1p so not much change there, in fact. But I agree: what is needed is a step change in performance. The fact is that eps growth has been very muted/uncertain for three years now (though 'underlying' eps is up) and that is why the share price has been becalmed. In that time the company itself has made progress: net assets are up over 25% and net debt down from £5.13m to £1.59m. But a lot of resources have gone on keeping the pension deficit under control in very unfavourable market conditions. CML is less profitable than three years ago, so the company has been entirely dependent on Paradise Datacom to keep growing. If both those cylinders can fire together, then we should break out of this rut, but you can understand the market's unwillingness to believe that until it sees clear evidence of it.|
|spooky: Todays results are outstanding in the circumstances and it is obvious that the management are doing a great job running the business,so its difficult to know who to shout at when looking at the share price.
I have felt that the share price is being held back by a stock overhang from two or three large shareholders who are willing sellers if the share price rises.
The Paradise Datacom business must be on the radar of a few U.S. companies and i am amazed that someone hasn't looked at making a bid already and the fact that there are one or two significant willing sellers should make this process easier.
I will just continue to add to what is now a significant position in a very undervalued business,if people want to sell £ coins for 50p who am i to refuse them.|
|nickcduk: Another terrific set of results which are likely to be ignored by the market again. Just reading through the results the valuation seems to be totally wrong. Paradise on its own seems like a cracking business with excellent prospects. A bidder willing to pay 10 times profits would have to cough up a multiple of the current share price just for that business. They should really break the company and deliver some shareholder value. All this long term nonsense doesn't wash. Ive been in for many years and am heavily underwater despite the very good underlying performance. That is simply down to the company structure and lack of motivation it seems in doing right by shareholders.|
|nickcduk: Very brave buyer mopping up stock at 16.25p. If they decided to take a break the share price would crash along with the rest of the market. I don't think we would be far away from 10p in that eventuality. Wonder if we have some corporate interest in the background. Its not as if institutions are particularly keen buyers anywhere else.|
|nickcduk: Another cracking set of results that have come in way ahead of forecasts. Outlook was healthy enough given current market conditions. I imagine 2009 forecasts will now be bumped up. Shares trading on a p/e of around 6.5. It is way too cheap and I wouldn't be surprised if a bidder comes sniffing in due course. Expecting some progress in the share price today but don't imagine it will be too great.|
|penpont: Very encouraging statement today. Comfortably ahead should hopefully mean a beat of at least 15% of the housebrokers current 2.33p, taking the actual outcome for the year just past to around 2.7p+.
That would give earnings growth of over 30% on the previous year, surely justifying at the very least 8 times historic earnings and a short term share price target of 20p min?|
|emergin: 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.|
|sharw: There were another 2 'T' trades reported today, both for 1m shares at 11.5p. This does not surprise me as the vast number of trades are obviously small holders baling out at 11.5 and without a large buyer in the market the price would otherwise have collapsed.
This does raise some questions about the role of the Chairman who is also Deputy Chairman of the purchaser. Is he using RIIT to prop up the ITK share price? Did he encourage the move to AIM knowing that all the PEP/ISA holders would have to dump their shares providing his IT with a buying opportunity? Given that results are just 8 days away does this not amount to illegal insider trading?|
Technical charting question: scan you eye over the 12 month chart on avdfn and see that in Mid Nov 2002 ITK share price hit 15p offer..early in sep 2003 itk share price I remember I think hitting 15p offer albeit intraday....can you make a case for a cup and handle formation....where we completed the cup from mid nov 2002 to early sep 2003 15p to 15p and now are working to complete the handle assuming we do move back above 15p?
http://www.trade10.com/Cuphandle.html there is an example with a company called alza corp
"Volume is usually light in forming the right side of the cup. Selling pressure is typically present as those investors who bought into the security as the left side peak occurred, sell into the rising trend of the right side of the cup and this often leads to the formation of the handle. When the enthusiasm of selling during the formation of the handle translates into price, there is evidence for the success or failure of the resulting trend after the handle is fully formed. Light selling during the handle formation leads to a greater potential for higher prices after the cup and handle formation is complete. If prices fall below the 200 day moving average during the formation of the handle then subsequent upside handle breakout is suspect. A breakout from the handle formation is usually accompanied by rising volume and is a positive sign for a continuation of the trend in the direction of the breakout"|
Intelek share price data is direct from the London Stock Exchange