Ince Share Discussion Threads

[johnhemming] 22/4/2021 15:15

They are trying out some interesting tech aspects, but as I am personally a tech entrepreneur I tend not to invest in that sort of thing (unless I create the business myself).

We will have to see where their figures go.

[greg the grinch] 22/4/2021 15:13

re options

A 140p+ share price would be a nice start.

Hmm... I wonder what the share price will be in 2-3 years?

[mister md] 22/4/2021 14:57

seems some people have been robbed of their shares today - naughty naughty, very naughty

[volvo] 22/4/2021 12:25

Nice day trade

VOLVO 22 Apr '21 - 08:32 - 694 of 704 Edit

I bet quite a few had a stop loss around 76p to 80p....happy to pick up stock at 73p and 74p for a trade, the update wasn't bad at all.

[johnhemming] 22/4/2021 12:06

>I would like to point out the AIM market is not scrutinised by regulatory bodies as >the footsie.
There are rules that differ, but I don't think the scrutiny differs.

[nakedmolerat] 22/4/2021 11:30

I never set stops on stocks, it will kill you. The results will get picked up and a rerating by IC, tip sheets etc and rise more.

[goldencrosskiss] 22/4/2021 11:21

True, Liquidity plays a part. What I forgot to say I did cancel the order later in the afternoon and was allowed to do so. However, 10 minutes later the the order was picked up. Could also be a timing gap between the Barclays platform I use and the market. What I would like to point out the AIM market is not scrutinised by regulatory bodies as the footsie.

[johnhemming] 22/4/2021 11:08

Its not really AIM stocks moreso the liquidity in the market. Personally I don't set automatic losses anyway. If I am going to crystalise a loss I wish to do that personally. Some AIM stocks (previously DGOC, but they are now on the main market) are quite liquid and there are main market stocks that are not.

[goldencrosskiss] 22/4/2021 10:44

They went strait to the stop losses. I have seen it a couple of times on this stock. The price was driven all the way to the stop losses. Mine was picked up 4p below the ask price and then back up in a flash. Lesson, don't place stop losses on AIM stocks.

[acropolis1728] 22/4/2021 10:40

To maintain the same revenue is a good effort given the last year. Some firms will have done better and others worse for sure. I think they will be pretty pleased with that given their size. They moved to get rid of the teams they didn't think would recover (and there will have been a cost to that). I think they are still looking to renegotiate the lease. Marketing costs will have been down and so we wait to see what the effect will be on profit. I think we can assume around the same. They don't want to over sell the effect of the new cyber product as that will be a slow burn. Made up some new partners which is healthy. Ever Given fees are being incurred in this year but are not game changing. Its what they do and there will be bigger litigation cases within the firm. Ironically the head owners of the ship are being represented by Faz Peermohamed's new outfit which he left Ince (he was their head of global shipping) to set up a year or so ago. Casualties are down year on year. They will be pleased to have the case and I am sure it soaks up some spare capacity and is a good start to the year. Shares are undervalued and should be over £1 in my view. The legacy Ince partners options I think are around 1.40 so I am sure they will want to get over that at some stage!

[greg the grinch] 22/4/2021 09:08

might end blue?

[undervaluedassets] 22/4/2021 08:48

...duplicate post.. apologies

[undervaluedassets] 22/4/2021 08:48

Some have sold the update. Can see nothing malign. Good results.

Cracking price Grommit.

[greg the grinch] 22/4/2021 08:39

Key part of that update is the point about reducing costs - they are above average and reducing it is an easy way of significantly boosting profit - mentioned in the last video they put out.

They have the evergiven contract which should be a big earner? And some new products as well as post covid normality to look forward to.

The recent tipsters will review these results and I assume will come to s similar view so will tip again?

IMHO - Sit and wait.

[volvo] 22/4/2021 08:32

I bet quite a few had a stop loss around 76p to 80p....happy to pick up stock at 73p and 74p for a trade, the update wasn't bad at all.

[eringael] 22/4/2021 08:28

Tried to add with HL can't get quote

[nakedmolerat] 22/4/2021 08:26

How odd this morning, seems people are selling off on the news. Still cheapo

[johnhemming] 22/4/2021 08:23

I am surprised at people selling. The trading update implies a market cap some 50%+ higher than where it is. However, that's the way the cookie crumbles.

Arden are predicting a profit of 8.5m adjusted PBT (what shareholders get) of 7m. that is probably going to be about right even if they are an inhouse broker. Clearly they were working on their report prior to the RNS going out. Thats a pe of 5.8 and an FCF yield of 22%,

[djstevens8614] 22/4/2021 08:21

God knows, weird stock is INCE, doesn't seem to follow the usual principles. The share price should be waaaaaaay higher than it is now.

[mister md] 22/4/2021 08:15

seems the market was expecting more though, or simply a matter of 'selling on the news' ?

[40 fathoms] 22/4/2021 08:10

Perfect update and I look forward to getting the details when they post the year end accounts. This is just what I was looking for, confirmation that the business is in good shape and continues to see recovery and should be set for good growth going forward. Additionally confirmation that they have more than enough cash to continue to grow the operations. If you actually think about it, it is pretty remarkable that they actually grew revenues over the last 12 months, all be it only marginally.

[weemonkey] 21/4/2021 16:29

It is now and next that matters.

Ince would appear to be doing all the right things. And lawyers can work from home with ease can't they. The company is therefore more inured/immune to pandemic headwinds than most.

And it is cheap.

For comparison Knights group (lawyers again) trades on a valuation that is 4 times their turnover.

[undervaluedassets] 21/4/2021 14:14

Acropolis and John

I bow to your deeper knowledge of the company.

I sourced my charting from sharescope who are usually very accurate but not infallable.

Update .. there was a consolidation some time ago which may have skewed the graphs.