Indigovision Share Discussion Threads

[applemacguy] 07/8/2013 15:20

"There's a seller for you

HARGREAVE HALE LIMITED below 5%, 115k shares, ending up at 3.5%"

They are not the seller - clients of their's are.

[coldfish 2] 07/8/2013 13:36

"Chairman Hamish Grossart said of New Pistoia Income: "They are a long term investor. They like what Marcus is doing."



What he does with the ladyboys of pattya is his own business

[exotic] 07/8/2013 09:13

"Mr Kneen has met representatives of the low profile institutional investor." Simon Thompson please take note.

[iain123] 07/8/2013 08:26

New Pistoia want in, I guess.


hxxp://www.heraldscotland.com/business/company-news/investor-in-cctv-company-raises-its-stake.21800831

"Chairman Hamish Grossart said of New Pistoia Income: "They are a long term investor. They like what Marcus is doing."

[coldfish 2] 06/8/2013 21:37

profit warnings often come in threes
Hale want out i guess. And bad,

[oilretire] 06/8/2013 16:45

There's a seller for you

HARGREAVE HALE LIMITED below 5%, 115k shares, ending up at 3.5%

[deanowls] 06/8/2013 11:23

I dont think its a large seller otherwise we would have possibly had a rns, the fact that they are picking them up each day could be from the general market? bodes well going forward that they are being picked up.

[iain123] 06/8/2013 10:46

Above 10% now - wonder who sold?

[deanowls] 05/8/2013 09:24

New Pistoia holding now above 9% and are mopping up the shares at this price.

[iain123] 02/8/2013 19:46

More big trades going through today.

[c1d] 02/8/2013 13:17

Aishah,
Thanks for posting the article. Seems like a win win for Wendy's and IND.
Regards

[exotic] 02/8/2013 12:24

Simon Thompson appears to be very very angry and made the hasty cardinal sin of selling on those emotions.

On the other hand Pistoia seem to have fully grasped the facts and the reasons behind them, and having seen the market reaction are making the most of the opportunity.

[speedsgh] 02/8/2013 12:08

Looks like New Pistoia have added substantially again.

[aishah] 02/8/2013 11:56

Wendy's deploys IndigoVision's solution

hxxp://www.securityinfowatch.com/press_release/11076643/wendys-deploys-indigovisions-solution

[goonerd] 01/8/2013 22:43

Indeed, zho, I bought mine after PP flagged this up at around 60p and have since received 100p+ of dividends.

Disappointing performance in the last few years I agree, but still good potential here imv, assuming the new strategy delivers. I still hold.

GoonerD

[fangorn2] 01/8/2013 19:02

Indeed.Spot on Zho.

PP bought back in the days of penny share dom. Anyone following him would be very happy. Your remark is factually incorrect and therefore unwarranted.

[zho] 01/8/2013 18:18

>>Paulypilot has led many into this share and so far he's been very wrong>>

I think Paul bought into IND when they were about 25p. Anyone following him at that time would have done very well, despite the share price being well below its peak.

[vikingwarrier] 01/8/2013 18:15

Paulypilot has led many into this share and so far he's been very wrong.

[extrader] 01/8/2013 18:03

Hi all,

See paulypilot's interpretation of what happened in the other place....well, either of the 'other' places.....

ATB

[dewtrader] 01/8/2013 09:51

article concludes

That's expensive. And, as I said before, I have serious doubts as to whether Indigovision is going to be able to hit the July 2014 estimates.

As a result I am bailing out of my buy recommendation ('Buy the breakouts', 4 June 2013) even though I am sitting on a stomach-churning 25 per cent loss on the investment after the company's profit warning. The outlook may be positive and seemingly there are some large projects in the pipeline, but my advice here is simple: sell.

[layabout] 01/8/2013 09:22

Scathing comments from IC who is asking for a RNS to clear up when IND directors knew there was profit shortfall.



....And therein I have a major problem with the reporting of Indigovision. The company has just issued a trading statement two days before its financial year-end in which the board has stated that the company has been trading massively below analysts' earnings expectations. Revenues are close to those expected by analysts at brokerage N+1 Singer (£32m versus the broker's estimates of £32.4m), but pre-tax profits of £2m have missed their forecasts of £3.4m by a country mile. They have even missed the company's prior year reported pre-tax profit of £2.3m.

This all begs a question as to when the board became aware that profits would miss consensus estimates? Was it really on Monday 29 July when the company issued a profit warning, only two days before the financial year-end? Are the management controls in place that poor that the directors didn't notice their company was operating a massive £1.4m of profit shy of analysts' estimates for the 12-month period? There can be no argument at all that Indigovison has missed market estimates by a significant margin. In which case, I would request that the directors of the company issue a RNS to the London Stock Exchange immediately stating clearly when they became aware that the company was trading materially below profit estimates for the financial year to end-July 2013. I await an announcement with bated breath, but am not hopeful. Perhaps the Financial Conduct Authority would like to look into the timing of this warning and whether the directors should have issued a statement to the market earlier?

[varies] 31/7/2013 22:56

The "head and shoulders" pattern would be less striking on the price chart if adjusted for the 75p special dividend

[layabout] 31/7/2013 16:04

Thanks rmillaree missed that. But as you say if that is the case then why not say so officially?

[rmillaree] 31/7/2013 15:27

Hello Layabout

Presumably the delayed sales reference comes from the broker note on the company website - not sure this totally tallies up with the company saying sales were in line with market estimates - perhaps internally they were reasonably confident sales estimates would be beaten and that being the case profit expectations only dropped below forecasts due to the missed orders - if the missed orders sales had been included sales have been higher and margins lower but profits at the expected level and presumably no earlier update was necessary. As you say much simpler for them to simply say this clearly rather than have the idle speculation by us and/or the brokers appearing to put a slightly different slant on the story.

hxxp://www.indigovision.com/en/investor-reports

"Large Projects – As we have discussed previously, IndigoVision's business is inherently lumpy given that most of its sales are project based. This means that projects falling at different times can have a significant impact on the group result. This is the case in FY13, with some projects, which were expected to drop in before the end of July, now expected to complete later in calendar year 2013."

[staverly] 31/7/2013 15:13

Though one takes succor in the knowledge that a short while back IND was recently the supplier of choice for Farnborough College of Technology video security system, doubts have to remain as to management's ability to execute. Following last years corporate hiatus when the founder stepped down and disposed his material holding, i am still unconvinced by the new CEO (previously the GFD). Not least cos of his decision to redistribute the £5m+ cash pile as a special dividend. In light of this week's statement couldn't some of that money been better used operationally? I am a buyer (again) at 250p