IntelliAM AI Share Discussion Threads

[nils214] 15/4/2008 11:51

JTK, the way I see it is that the growth is forecast as being 'steady' rather than spectacular over the next 2-3 years, and I guess it is this as much as anything which is weighing heavily on the share price (plus the debt and the conversion of debt into shares as mentioned above). Possibly only when the debt is converted and the real value is recognised will the share price truly reflect the NAV imho

[nils214] 15/4/2008 11:46

GED,
thanks for the reply. I went through the accounts to end 2007 and I noticed that the figure of 17% is quoted in their and I guess this takes into account the additional debt already.

One other question, there seems to be a lot of debt that is convertible into shares, has anybody worked out the dilutive effects of this when it happens and how this will/might affect the SP??

[james t kirk] 15/4/2008 10:43

Most AIM stocks were pulled lower over the last few months, where no news was immenent as I believe MM's expected shares to be sold because of the change in CGT relief. However little INT shares were sold but price was dropped way out of proportion and I see this as a fantastic time to buy into a company which has proven it can make a profit and should grow nicely over next few years.

[james t kirk] 14/4/2008 12:29

Quite possibly Martin, any positive news and this could double easily. You can sell 500k @ 1.83p so clearly they want sellers!

[martincoops] 14/4/2008 08:06

Is this the last chance to buy at 2p

L2 4 v 1

Just to think there is the chance here to double your money with virtually no down side, just wish I had some spare cash

[martincoops] 12/4/2008 04:55

Anyone have any ideas on the result that are due next month. I have been looking through their full year results and would of thought that the turnover for the last 6 month would be in the region of £8.5 million and a profit before tax of around £750,000 or £425,000 after tax. If this is the case we could be looking at a full year profit of £1million which equals an eps of .3p per share. If we take a forward PE of 20 a fair share price would be around 6p for full year even if we take a forward pe of 15 we get 4.5p so as long as the profit targets are reached then this share is well and truly a bargin at current prices.

Only 6 weeks to go for the results

[ladyfarmer] 10/4/2008 14:44

5000 on Barx L2

[8trader] 10/4/2008 14:36

What the nms the mm's will guarentee in this stock ?

[cyberpost] 10/4/2008 14:32

maximum buy limit on self trade is 15k @ 2p

[ladyfarmer] 10/4/2008 11:18

Just tried to buy another 20,000 but Barcs showed error contact us. When out of curiosity I turned the buy to sell it quoted 1.83.

[martincoops] 09/4/2008 10:42

Now you can only buy 15000 online looks as if this getting ready to tick up soon

[martincoops] 09/4/2008 10:22

Your right there Ged5 I had to buy 55000 in 2 lots as could not get them in one.

[ged5] 09/4/2008 10:14

Difficult to buy on-line now. Most I can get is 20000.
An early sell followed by a nice big buy.

[james t kirk] 08/4/2008 18:25

Yes excellent day, INT very ndervalued and glad I got more at 1.8p, could get back to 3p before next news.

[7kiwi] 08/4/2008 18:03

Bloomin' 'eck, was that an increase in the price today?

[ljsquash] 08/4/2008 17:46

Well lets hope we have finally turned the corner but still due a one bagger from here to get to fund raising prices.

[cyberpost] 08/4/2008 16:35

now that the sellers has been cleared, i think we may just well see a very strong recovery leading to the results.

[martincoops] 08/4/2008 15:59

Is this the last time to buy at 2p

L2 3 v 1

[martincoops] 08/4/2008 15:42

Nice one James

L2 now 2 v 2 looking good for a nice recovery

[james t kirk] 08/4/2008 12:13

Hi Martin, added 50k myself this morning.

[martincoops] 08/4/2008 09:33

Yep looking good at the mo James, picked up another 45k yesterday

[james t kirk] 08/4/2008 09:26

Hopefully now the end of the tax year has passed, we'll see the rise back up again ahead of results, online limits certainly suggest that:

Buy 100k @ 1.8p
Sell 250k @ 1.6p

Haven't seen it looking that positive for some time..

[ged5] 06/4/2008 20:53

nils214,

I think you're asking the same question as everyone invested or looking to invest in this company.

Looking back at the Equity Development report last February they were forecasting sales of 13.8M, pre-tax profit of £453,000 and eps of 0.16p.
They were forecasting a target price of 14p which gave a market cap of 39.56M. Of course there's since been dilution.

They also mention the net assets of 18.775M.

Now look what happened in the results ending August 2007.

Sales of 11.247M. Target missed because of the delay in the needle launch.
EPS of .2p, or .17 diluted. Target exceeded
Pre-tax profit £538,000 . Target exceeded.
Total assets 28.907M

OK there is some debt but at 17% gearing it is hardly unmanageable.
There'll also be some tax payable in 2008 but if sales go as forecast then this will not be a burden and a dividend should be affordable in the full year results.

One item not mentioned much here is the distribution of the Inogen products which should have some bearing on the interims.

I notice the date of results of 3rd April was published a long time ago. I still think that the management are very confident of the Surety sales having a very big impact and although there'll have no bearing on this set of results it will have a big effect on the full year outlook.

Having re-read the reports (Eden and Finn)I am of the opinion this company is seriously undervalued.