|Intelligent Environments Group
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Intelligent Env (London Stock Exchange): 0 recent articles
It seemed to me that Documetric had the software knowhow to develop the mobile banking.
"Documetric's primary activity is as a provider of technology-led outsourcing
services including payments, accounts payable and receivables management and
business intelligence. Documetric is one of the ten largest BACS Bureaux in the
UK, with around a six per cent share of UK wage and salary BACS payments. For
the year ended 31 December 2009, Documetric reported revenues of GBP10.2 million
and profits before tax of GBP1.8 million."
These are interesting times in the Banking sector and I got the impression over the last few months that IEN were starting to stagnate as they couldn't offer a complete solution to the Banking fraternity. It is hoped that with this take over and a new name that they can go once more to the banks with a complete package.
The reverse takeover
� Combines the Company's expertise in online and mobile banking markets
with Documetric's middle & back office to deliver turnkey solutions to clients.
But I could be reading to much into the announcement.
As the placing is at 7p there does seem scope for a rebound from here. But I do not feel that there will be a big gain until some of the placers have taken their share of the profit. With fees taking up 25% or so of the placing it may be that the share price will have to rise to over 10p in order for the placers to benefit.|
|estonia: yr right kruger but you know market conditions not this company's ability to produce first class products and clients have had a big impact on the share price..................and I feel we are entering calmer waters now and this Company will eventually be seen as a major player in its market and the shares will rise substantially..........................|
|the_hedge: lol Darius, isn't Estonia holding out for the share price to hit 50p ;-)|
|gnnmartin: The 2.25m shares were sold on 9th April, and they were (permitedly) late reported. I'm not 'in the trade' so I am only guessing, but my guess is that the 2.25m shares were largely placed before the sale was announced.
All this talk about whether the news was well presented or badly presented makes me embarrassed to be a shareholder. All that matters is how well the company is doing: how well the wider market thinks the company is doing is only important to those who want to buy or sell the shares, or if there is a need to raise new capital or fend off a predator.
That said, it is disappointing to see the share price fall back. I guess it fell because those 2.25m shares were looking for a home.
|meict: How long will it take to absorb those Two and a Quarter Million shares?
The MM's haven't moved the share price down perhaps an institution has already hoovered them up.
Thank you StrollingMolby for pointing out that unforced error.
I am expecting an announcement later this month, which will be very good news.
Hopefully that will revive the share price.
|meict: The game's afoot! No snide remarks about twelve inches please.
Although it's unlikely that my sad comments have raised IEN's share price so dramatically, I will be very pleased (as I said in post 384) if it is 10p at the close of play on Friday. Of course, if it's more I'll be even happier.
I think that a number of contributors to this bulletin board will probably agree when I say that Canaccord Adams' Buy Target of 12p may soon become a reality. The next 'milestone' after that will be the doubling of the share price.
Well Kruger, the present share price is twice what you thought it should be four months ago (posts 252 and 267 on the 5th and 18th December) when you thought 5p "fair valuation" and 4-6p "a fairer price". Are you selling or staying on for the ride?
Have a little faith. If you don't have a dream, how are you going to have a dream come true?
Both Estonia and I know that we will see Intelligent Environments (IEN) at 50p, perhaps I envisage it a little quicker than Estonia but this is a high tech stock and with these anything is possible.
Returning to faith, IEN successfully raised almost £0.75m with their recent placing at 9p when the shares were quoted at less than 8p. Did they do this because the subscribers knew something or because they are fools? Admittedly, three quarters of a million isn't a great deal to these people but it's a great deal when you throw it away on a whim.
Similarly, BlackRock has increased its holding. Did it do this because it couldn't think of anywhere else to put the money. No, again, they can see that there's something happening here and they want a bigger chunk of it.
I don't know if you read all my post. You can't see the share being 50p by Christmas but in my penultimate (last but one) paragraph I mentioned that I expected the price to return to what it was at the time of the company's flotation in 1996 (94p). What I didn't mention was what I thought the share price would be in two years.
|meict: I have, for some time, considered buying shares in Intelligent Environments (IEN) but before I started my research I found the company and its share price movement somewhat enigmatic.
It joined the AIM in 1996 when it raised £18 million with a flotation price of 94p but now languishes at less than 9p - is it likely that it will ever see 94p again?
Recommendations appear to be many, the share rises and then falls back for no apparent reason. Now IEN's new Nomad/Broker, Canaccord Adams, has issued a Buy Target of 12p.
The order cancellation following the merger of the Chelsea and Yorkshire Building Societies seems to be overdone. Was there ever an announcement regarding wining this contract?
The cancellation of IEN's Share Premium Account is a move in the right direction and although it's unlikely that IEN will pay a dividend for 2009, as there will little improvement on 2008's figures.
Post Year End (31 December, 2009), all the news, other than the order cancellation, seems to be good:
1. A major customer is now committed to a V4 upgrade involving a 3 year licence extension.
2. The long awaited launch of the Orange Credit Card became a reality in early January. According to IEN "it has received much praise from the financial press for its innovative features."
3. Amongst other client gains will be a full contribution from National Savings & Investments.
4. Additional mobile banking and e-statements opportunities will present themselves and IEN expects other licence extension throughout 2010.
Having absorbed these points and noted firstly that BlackRock has increased its holding in IEN. The second major happening is that IEN successfully raised £0.75m (gross), by placing of 8,340,868 ordinary shares at a price of 9p with established institutional shareholders, the Company's Chairman, Clive Richards, also subscribed.
These funds are being used to develop IEN's NetFinance mobile banking platform in order to address the significant mobile banking opportunities in the United Kingdom, as well as internationally. The market is enormous! Recent indications suggest that the mobile banking market in Western Europe will grow to 4-5 billion by 2013, as banks target mobile transactions to drive revenue growth.
It is expected that IEN's solution will service this demand and provide a comprehensive mobile banking service to bank customers. This service will supersede what is currently on offer, which use basic ATM functions. IEN's system will provide a secure, branded platform, enabling consumer banking customers to see their banking details across all of their accounts from current, saving to credit card as well as a complete summary of account activity which will include money in, money out, pending transactions, available balances, as well as overdraft limits.
With its development team well in place, IEN expects to announce the existence of its mobile banking solution later this month. The initial platform will be the Apple iPhone, followed quickly by support for the Android, Blackberry and Windows mobile platforms. IEN's expected revenue will come from two sources: installation fees and also a transaction-based fee calculated by the number of registered users.
IEN's new Nomad/Broker, Canaccord Adams, claims that one of its specialities is Technology shares and it was possibly this understanding of companies in this field that caused the transfer to them. Their Buy Target of 12p is just a beginning, as the shares could easily double by the end of this month, a return to the issue price of 94p, I believe, is a distinct possibility.
Estonia, I'll be very disappointed if the share price is less than 50p by Christmas. And I'll also be disappointed if you sell your holding that cheaply.|
|gnnmartin: A placing at 9p. Unexpected (by me anyhow), I thought they were more likely to start giving out cash in the form of a dividend than looing for more capital. Still, the placing price was at a premium to the current share price, and our chairman has taken up a large chunk.
Intelligent Environments share price data is direct from the London Stock Exchange