Indigovision Share Discussion Threads

[puffintickler] 17/6/2017 16:56

JayKayTee

Number of shares on market goes down so market cap per share goes up.

Cash goes down (spent on those shares) so market cap should go down.

Net effect is that market cap per share is unaffected so theoretically the share price will not change.

exotic has explained why the share price has actually fallen.

[exotic] 16/6/2017 19:23

Almost certainly because there are still more sellers than buyers.

Looking at the chart, it's likely many investors were under water for a few years and now jumping at the chance to escape around break-even, and not necessarily being aware of the reasons for the rise.

[jaykaytee] 16/6/2017 15:38

Excuse my ignorance, but could someone explain to me why, if IND are currently buying up their own shares, the share price has actually dropped over the past 2 days ?

[exotic] 16/6/2017 07:15

IND mopped up 50,000 @ 273p yesterday at 3:33pm.

[dangersimpson2] 13/6/2017 13:29

I do hope so, they took 10k on Friday and should be able to buy up to about 275p today. There is not much point of them being cautious in the level they buyback within the 105% limit. The point of a buyback is both buying below intrinsic value so that the long term value of dividends & capital returns to existing holders are enhanced but also to provide liquidity and therefore encourage more accurate price discovery.

[sharw] 13/6/2017 13:27

To answer your question look at the evidence. So far they have bought 10K @ 260p on 9/6. If you look at the trades for that day you will see 10K @ 260p at 09 01.

[iain123] 13/6/2017 13:02

Are they are buying 'buyback' shares on the open market?

[dangersimpson2] 05/6/2017 12:59

Interesting that Grossart happy to buy more @260p despite retiring from the board. Normally retiring directors look to reduce their holdings not add. That combined with the potential for the buyback to kick in suggests there may be more to go here.

[exotic] 05/6/2017 12:48

Director Buys @ £2.60

Hamish Grossart £13,000 (For his SIPP)
Chris Lea £13,000
Martin Pengelley £5,200 (For his wife)

[cliffpeat] 01/6/2017 10:47

The appointment of a numbers man as new chair was predictable and probably sound - the new NED may bring some challenging ideas to the rather elderly board.

I still think that the lack of a strong marketing/sales director is disappointing (and needed).

The RNS says about the new chair, George Elliott, he will guide the executive team in "...unlocking the value potential built within IndigoVision ...".

Good.

I'm still underwater but holding for now.

DYOR

[gengulphus] 26/5/2017 14:53

I'd be surprised if they dont continue the buyback until the cash is exhausted.

I'd be surprised if they did continue the buyback until the cash was exhausted. The buyback programme is for a maximum of 375k shares - at the current share price, those will cost under a million quid, and they had 6.2 million as of the final results!

Of course, it might happen if the share price rose enough - in which case I would be both surprised and delighted! :-)

One other thing to note is that with the price they pay to buy shares being limited to no more than 105% of the average market price in the preceding 5 trading days, they'll automatically be forced to pause any time that the market price jumps up significantly. For instance, it's no surprise that they haven't announced any shares actually being bought back yet, since the share price jumped up significantly merely on announcement of the buyback programme.

Gengulphus

[smicker] 26/5/2017 09:27

As mentioned in a previous post, the larger shareholders have not been selling down in the past year and a half. If that continues we might well see some significant price appreciation as i'd expect there are many like myself who are still well underwater here and wont be selling. I'd be surprised if they dont continue the buyback until the cash is exhausted.

[kiwihope] 24/5/2017 08:33

I have top-sliced about 1/3 of my holding. No one knows what will happen so I try and cover both options - I still have more to sell if the price rises further but have taken some profits and freed up cash if it falls.

[topvest] 23/5/2017 17:31

Maybe maybe not. If you get the opportunity to exit your mistakes at close to break-even then that was too good an opportunity to miss for me. Disappointed too many times before. Could definitely go higher, but still a bit of a dog in my view. Good luck though.

[smallcapinvestor1] 23/5/2017 16:50

I'm afraid I disagree guys. I Think there are many reasons to be very positive on this one. The statement given with the buyback underlines this. Improving trading conditions. Outlook best has been for a while. Added impetus after last night which should not be underestimated in my opinion. Looks like could double from here.

[puffintickler] 23/5/2017 16:29

I'm out too. Recent jump is an overreaction to the trading statement which looked good on volumes but miserable on margins. It will still take a while to turn this ship round, I suspect there will be cheaper entry points than this for new investors.

[topvest] 23/5/2017 15:51

If you say so. I'm out at close to break-even which is a result all things considered. Think the rise is overdone. Thought the trading update was a bit jam tomorrow given revenues are only up a little after big volume increases. At the end of the day I made a mistake investing in this one as they don't have sufficient pricing power in an industry exposed to technological change and obsolescence. Glad to be out.

[smallcapinvestor1] 23/5/2017 15:35

Buyback reason for rally today but cctv upgrades will be required around all major venues after last night attack in Manchester. Could be another reason behind this move.

[smicker] 23/5/2017 12:20

Ive had a look at the Holding RNS's from the start of 2016. In fairness Liontrust are the only major shareholder to have sold shares in total over the period with all others increasing.

[smicker] 23/5/2017 12:16

Unfortunately the company granted approx 330,000 share options in March. This buyback will not even cover the potential dilution from these. It may explain why they will be held in treasury also, as they will need to be reissued if the options vest.

[smicker] 23/5/2017 11:12

Will depend. Hope it isnt the result of a fly on the wall telling them a major shareholder is about to unload some. TNI buyback is facing into this with Aviva. Also note they arent cancelling the shares. I hate to see that. I know they wont be entitled to dividends but i'd like to see them gone period.

[jaykaytee] 23/5/2017 10:45

Share buyback...that will boost the share price further! :)

[iain123] 19/5/2017 15:33

Yes loglorry I know, did I say that IND were the manufacturer?