Itacare Capital Share Discussion Threads

[master rsi] 10/4/2003 14:03

Two large trades of 2.8M and 2.5M delayed and now reported was the reason for the movement on the share price.

[master rsi] 01/4/2003 23:08

APRIL FOOL POEM

Small April sobbed I'm going to cry
Please give me a cloud to wipe my eye
Then April Fool she laughed instead
And smiled a rainbow overhead.

[master rsi] 31/3/2003 21:42

The tricks by MMs continued this morning with a marked up from the start to 11-12p, but did not last after 20K sale, at the end of the day some news came somewhere else, copied and pasted here.

"Incepta Group PLC (UK) - Shares In Issue Update Changes In FTSE Indices
31March 2003
Following the issue of 55,000,000 shares in Incepta Group PLC (UK) as consideration for the acquisition of Sard Verbinnen & Co, (Non-Constituent), FTSE announces the following changes:

EFFECTIVE FROM START OF TRADING FTSE All-Share
Incepta Group will remain in the 7 April 2003 index with an increased shares in issue total of 586,017,931 and a decreased investibility weighting of 75%.

FTSE CAP All-Share Incepta Group will be treated as above. 7 April 2003
FTSE All-Share Ex-Multinationals Incepta Group will be treated as above. 7 April 2003
FTSE All-Small Incepta Group will be treated as above. 7 April 2003
FTSE SmallCap Incepta Group will be treated as above. 7 April 2003"

[master rsi] 28/3/2003 21:13

MMs tricks were at work from the start, the late marked up yesterday, was marked down this morning, that is the games they play this days, gives the impresion that is going down and investors sell.

Plenty of middle price trades, specially the ones at the end of the day delayed ofcourse that give a good volume again.

[bernieboy] 28/3/2003 00:54

Sleepyeye

I agree with Master RSI that Citigate will not be selling the shares at this low price. However the market capitalisation will be increased a small amount but that will be accounted for in the fact that the aquired company will add value to ITA's bottom line. I was a little more concerned about the £35 million goodwill write off....any comments ?

[master rsi] 27/3/2003 16:42

A last tick up for the day to 11-12.25p+0.75p as delayed trades at middle price are reported.

[sleepyee] 27/3/2003 16:06

thanks for that RSI

I just noted a few times in the past when shares dip on more isues day then they jump back up straight after :)

[geovest] 27/3/2003 15:40

The goodwill write off probably relates to aquisitions such as Sard Verbinnin that was bought at inflated prices during the good times. They however used their own shares at inflated prices (between £1 and £.25 if I recall correctly)to pay for it. Zero sum gain/loss but a cleaner balance sheet.

[master rsi] 27/3/2003 15:26

Some large trades at middle price are back, and the MMs playing with the price the same as for the last few days.


BernieBoy

When a company is making acquisitions on this type of business, where not much assets is changing hands, but more contracts and personel with good relations, it is allways good house keeping to write off as goodwill part of the price paid, nothing special

[master rsi] 27/3/2003 11:36

sleepyee

As I hope you are aware that this is the date of the issue of such shares is to the previous owners of Citigate Sard Verbinnen for the acquisition of the company.

That does not mean they are going to sell them to the market, specially at this low prices, and there must be a clause for how long they must hold or not to sell them to the market on one go.

So be sure that the trend is up, and no sell of those shares in the near future.

[sleepyee] 27/3/2003 11:15

Application has been made to the London Stock Exchange and the UK Listing Authority for a total of 55
million ordinary shares of 1p each in Incepta to be admitted to the Official List. These shares will rank
pari passu with the existing shares in issue and admission is expected to become effective on 31 March
2003.



will this share dip on this date?

[bernieboy] 27/3/2003 10:59

Looking very nice......

[master rsi] 27/3/2003 10:48

A 100K buy, took the MM at 11.5p and the offer now at 12p

[bernieboy] 27/3/2003 08:29

I agree that this one looks very solid. Over the short term should be rewarding, but over the long term could be an excellent share to be in. When the general upturn comes - media stocks are often one of the first to benefit.

[master rsi] 27/3/2003 08:13

A good start for the day at 11.0-11.5p +0.25p after yesterday hugh volume.

[master rsi] 26/3/2003 16:13

A group of 4 large trades just reported again 2 of them delayed, all of them at middle price Institutions deals I presume.

[dazz17] 26/3/2003 15:51

rsi

some of the longer term indicators starting to look good if your useing TA.........plus a bit of a volume spike today, up to now

you got a price target?.

[master rsi] 26/3/2003 15:43

I have been very bullish about ITA since last Friday and las Sunday I put the shares on the weekly thread

The shares now 10.75 -11p with 2 MMs on the bid and only one on the offer.

[master rsi] 26/3/2003 14:51

The company is profitable and although the market in general is down, there are some good points for buying or holding the shares at this prices.

On the last update on 17 Feb.03 The group still anticipates delivering double-digit operating margins in the second half, and is generating strong operating cash flow.
The Marketing Services division continues to trade strongly and in line with expectations.
Citigate Global Intelligence & Security has grown revenues rapidly and ahead of original expectations and is anticipated to be profitable on a monthly basis by the beginning of the new financial year. The division has performed consistently well since acquisition. The deferred consideration, originally to be paid wholly in shares, will now be made largely in cash.

Directors were buying stock 680K last October at 13.5p /15p and each of the directors has been offered the opportunity of purchasing partnership shares under the Plan on a monthly basis of one to five shares they owned, and some of them have been buying @ 13.50p last month and 10.75p last week.

At 10.75p the shares are ripe for a new trend up ahead of May finals.
Dates
02 July 04 - AGM company says a return to modest growth could be underway
Newspapers comments
17 Feb 03 Evening Standard
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