Share Name Share Symbol Market Type Share ISIN Share Description
Indigovision LSE:IND London Ordinary Share GB0032654534 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 128.00p 125.00p 131.00p 129.00p 128.00p 128.00p 5,999 14:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 37.2 0.0 -30.2 - 9.62

Indigovision Share Discussion Threads

Showing 14551 to 14574 of 14575 messages
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DateSubjectAuthorDiscuss
05/1/2018
14:12
Until the next profit warning.
she-ra
05/1/2018
13:51
still selling: hxxp://www.reliablesecurity.com/soboba-casino-project-awarded-rssd/
iain123
05/1/2018
13:39
Looks as though everyone that wanted out is out.
spooky
27/12/2017
09:31
Is H2 trading likely to be around break-even at the operating level? I make it net working capital of 153p, and tangible NAV of 183p, at end June. However cash is down to only $2.5M (24p per share) as of the November trading update
hugepants
30/11/2017
12:36
CliffPeat, Agreed but I think that is why no takeover has happened - any interested parties will have spoken to New Pistoia & Sorbus and likely be met with a £3+ price tag. An approach to Grossart while he was chairman would be an approach to the company. Now he has retired he could be sounded out privately but remember he bought at £2.60 only 6 months ago. A successful takeover would be great since it would likely be at a price 2-3x the current market price it is just highly unlikely given the level that the largest holders would want to support it.
dangersimpson2
30/11/2017
10:06
I've bought a modest holding here. In my opinion, economically, the business is a poor one, for reasons I've already outlined. But on a positive front, management has been poor too, so there's much room for improvement. That having been said, I'm buying becasue of the discount to current and tangible assets which is over-done.
cjohn
30/11/2017
09:59
If it doesn't get bought out down here, something is seriously wrong.
spooky
30/11/2017
09:26
dangersimpson2 RNS today: SVS Church House Deep Value Investments Fund have added and now hold more than 3% of IND. Pistoia, Sorbus/Farmiloe, Grossart and Church House now hold over 50% between them - I reckon this makes it easier for potential buyers to engage informally to test the water regarding a takeover and offer price range required to achieve these key investors' objectives. Do you agree?
cliffpeat
29/11/2017
11:56
It would make a lot of sense but then it would have made sense at pretty much any point during the last couple of years and it hasn't happened. The sticking point I suspect is the level at which New Pistoia Income & Sorbus/Richard Farmiloe are willing to accept given they can block any offer. Farmiloe was certainly willing to sell around £2.80 level in June but we are a long way from there. Sorbus (run by Farmiloe) were buying at £1.80 in March. So I think they would not accept any offer sub £2. New Pistoia last bought at the £1.50 level but in the past they have bought above £3.50 and their average has to be north of £2. So realistically I don't think an offer sub £2.50 would be successful and that sort of premium would be hard for a competitor to stump up even if they could partially fund it with IND's own NCA.
dangersimpson2
29/11/2017
11:44
Prop_Joe Post 3929 I agree that it looks like one option and presumably depends on the attitude of New Pistoia Income Ltd which owns just over 30% of the shares according to the website. Pistoia sold out their holding in Hornby this year. Can't quickly find any information about them though HSBC Switzerland acted as their nominees in a transaction some years ago. In terms of value of IND, I suspect there is a lot of sales and admin cost that could be eliminated (starting with Board salaries:) and there may well be value in under-exploited technology. The 2016 accounts showed a gross profit of $23m. Assuming an acquirer could reduce other costs by 40% (mainly on sales and admin) they might compute an underlying addition to their profits of around $10m - less any one-off re-organisation cost. Two scenarios: 1. A trade sale: If an acquirer pays $30m (say 3 x profit contribution) - say £22m for IND that comes to approaching £3 a share (7.5m shares) A lot of assumptions and more knowledgeable holders may make better guesses. 2. Pistoia bid for the 70% they don't own at (say) £2 a share and prepare for a sale in a year or two at £3+ I bought a few more hoping for a take over or recovery in the next 6 months. Just an opinion and as ever DYOR.
cliffpeat
29/11/2017
11:07
Breaking the USA market is the key but it something IND have been trying to do unsuccessfully for years and years and years. Other markets seem to be doing OK which maybe implies the issue is local (marketing or sales?) Camera sales are booming. What was it, 10% growth last year and 25% the year before? If it hadn’t been for the collapse in camera prices driven by the Chinese our ‘too nice’ guy CEO would still have a job. Maybe it’s the uncertainty over camera prices that have put predators off? You’d think as the pound is low would have attracted bids by now....if one was going to appear.
iain123
29/11/2017
09:47
I've thought that for a while, still waiting.........
spooky
29/11/2017
09:45
I wonder if a larger competitor will buy IND to drop their products and gross margin into their existing overhead structure. With IND trading below net asset value I would have thought this could be done at a reasonable premium to the current share price while still generating an attractive low risk return to the acquirer?
prop_joe
28/11/2017
12:34
Gross Margins 2012 59.0 2013 56.7 2014 57.9 2015 51.4 2016 50.9 2017H1 51.1
cockerhoop
28/11/2017
12:10
Hi Dangersimpson2, Good reply. Thanks. Their high cost business model means they have to sustain high gross margins - higher, in fact. But those gross margins will continue to attract in further competition. so operating margins will remain under pressure. I don't belive those gross margins are sustainable- And I think they were higher in the past from memory.
cjohn
28/11/2017
11:57
Although I have a certain sympathy for that view I think there is one flaw in that argument - the stable 50%+ Gross Margins. That seems to suggest that they do have a sustainable competitive advantage in their products and the issue is in generating sales growth to capitilise on those advantages. It could be that there just isn't the market there for their products or it could be that their salesmanship has been poor. The recent board changes seem to indicate the latter but maybe they are misguided. Being partially commoditised isn't necessarily an impediment to a reasonable rating - there are plenty of companies in areas like IoT & LED lighting that are mostly commoditised but manage to generate growth and are given pretty high ratings by the market. And all of these have much lower GM's than 50%. There is no guarantee that IND will ever generate the sales growth but priced at a discount to NCAV they are priced for a slow decline and a trade sale of technology & assets to a competitor. If your belief is that this scenario is a certainty then there is no way you would hold IND for mediocre returns. If however there is even a small chance that they can generate sales growth in the medium term the probability weighted value of the company would be significantly above the current price. It feels very much like a heads I win tails I don't lose much type of investment at the current price.
dangersimpson2
28/11/2017
11:35
They are a tiny muti-national with all the structural disadvantages that implies. They have large costs from their numerous offices and countries of operations. And in each market, they face local and Chinese competitors. The cheaper manufacturers offer perfectly adequate product - better than the top-of-the-line product of a few years ago. The vast mamority of companies do not need top-of-the-line, bang-up-to-date security products. This is a commoditised business where competition is based on cost. This share is now approaching bargain territory. Its current value makes sense on economic grounds;. .
cjohn
27/11/2017
08:10
The worry is the money will eventually run out. Maybe they are wrong to get rid of the bean counter.
she-ra
25/11/2017
13:42
IndigoVision’s CEO to Sleep Out hTTps://www.indigovision.com/indigovisions-ceo-sleep-overnight-edinburgh-2nd-year-row/ Having joined under two months ago Pedro Simoes is still a bit of an unknown quantity in a business not renowned for their successful employee selections... That said, when they appointed him post the half year results on 22nd Sept., they must have known that they were likely to fall short of target. Yet the Chairman signed off a bullish outlook statement therein. Now Mr Elliot looks like a chap who could usefully apply some firm leadership and I think he would be wise to step up to the plate 'and make good' if anyone is to have confidence in future reports. "2 October 2017 IndigoVision Group plc PDMR Appointment Further to the Interim Results announcement of 22 September 2017, IndigoVision is pleased to confirm that the Company has appointed Pedro Simoes as Senior Vice President Global Sales with immediate effect. Pedro will be responsible for the direction and management of all global sales and marketing activities and for driving the Company's global revenue." "Outlook The Group's sales profile and hence full year results continue to be heavily weighted towards the second half, this year somewhat more than last. However, the strength of the current sales pipeline means the Board continues to anticipate an improved operating result in 2017, broadly in line with expectations. The investments made in strengthening the North American sales team along with the other strategic actions are expected to drive further improvements from 2018. George Elliott Chairman 22 September 2017"
glavey
25/11/2017
08:06
The problem with this company is that selling prices are continuing to decline and have been doing for some time. It has to run harder to stand still. I'm not tempted to get back in as its a poor quality business. Agreed that they might rebound from here and could double. However, things could just as easily get worse. The company could ultimately go bust. Its a poor quality business, so on that key test its not worth buying. If I still held I would probably await a possible rebound next year, but I wouldn't want to hold long term as I don't think it will revisit past glories anytime soon.
topvest
24/11/2017
21:57
Oh dear, yet another profit warning. After holding this share for 13 years, I've rather got used to disappointments, interspersed with short bursts of good news. I think it's good that Marcus Kneen has stepped down. I agree with dangersimpson above - Marcus did indeed steady the ship, but the big sales breakthrough never materialised. So it's time for a new CEO to come in, and pleasing to see that he has a sales background. £8.8m market cap, and with cash in the bank, risk:reward probably isn't bad right now. Regards, Paul.
paulypilot
24/11/2017
18:46
Agreed, Mr Kneen did well to steady the ship after Oliver Vellacott went awol and his accountancy background meant that the company was always well capitilised. But he never really delivered on the sales front and it's time for someone else to take the company forward. At least the Interim CEO & company bought shares today.
dangersimpson2
24/11/2017
12:19
I for one am pleased that Mr Kneen has gone. He maybe a nice guy but under his leadership the company was in decline with very little progress being made strategically. We need a tech savvy CEO who knows how to monetise the product through better marketing and sales, a change of culture to drive the business forward!
bsharman3
24/11/2017
11:51
The level they bought back at certainly looks overly optimistic compared to today's price but I guess they were more positive on trading back then. The total cost was c£160k though so not really significant compared to their cash balance & working capital. With cash balance at $2.5m they are likely to have a NWC of around £1.30/share. If anything I think they should be buying back more shares at this price if they are confident that they can return to profitability in the medium term.
dangersimpson2
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