Indigovision Share Discussion Threads

[exotic] 20/10/2017 14:59

100,000 options to incentivise the Senior Vice President of Global Sales.


Under the terms of the Vesting Conditions, Options vest upon the achievement of average annual compound growth rate ("CAGR") in total shareholder return ("TSR") or EPS (with the Options being split equally between the two measures). Of those Options subject to TSR performance, 25 per cent. vest upon the achievement of CAGR of 15 per cent. and vest on a straight-line basis thereafter, with all Options vesting upon the achievement of 25 per cent. CAGR in TSR. Of those Options subject to EPS performance, 25 per cent. vest upon the achievement of CAGR of 40 per cent. and vest on a straight line basis, with all Options vesting upon the achievement of 75 per cent. CAGR in EPS.

[dangersimpson2] 06/10/2017 13:54

And no buyback at this level having bought back at £2.73 only a few months ago having said the buyback was because market was undervaluing the company. I know the company should be focused on the business not the share price but the massively variable messages from the company in short periods of time is not helping anyone build confidence.

[exotic] 06/10/2017 13:22

Trading update in May: 'Outlook "More Positive" Than In "Some Time"', was shortly followed by the Share Buyback Programme.

We're now pretty much back to where we started before all that.

[cliffpeat] 02/10/2017 14:52

Let's Pedro Simoes is given sufficient budget and control to produce professional quality sales support collateral (e.g. professional production, shooting, editing and voice overs for videos, trained spokespeople to manage exhibition stands, website content copy writer, etc. etc.).

#SeniorVicePresidentGlobalSales

[jaykaytee] 02/10/2017 14:23

New appointment sounds good....but is it too little to late?

[michaelmouse] 22/9/2017 18:11

Referring back to post 3877 re: their dividend statement. Whilst highly amusing, it did give me an idea. I made the following statement to my wife early this morning:-

"I continue to believe in the discipline of daily exercise. It is my policy that daily exercise should reflect general well-being, given that I'm a little tired today, I shall be sitting on my backside all day."

Have a good weekend.

[sharw] 22/9/2017 16:30

N+1 comments:

[smicker] 22/9/2017 16:03

2 director deals for smallish amounts. Hate to see that

[cockerhoop] 22/9/2017 12:56

Gengulphus,

'May started well. In the first 19 weeks of 2017, overall revenues were ahead of the corresponding period last year. The immediate outlook is more positive than it has been for some time'

I would suggest that the above portion of agm statement does not suggest that H1 revenues would be 6-7% below last years. Hence today's mark down.

[dangersimpson2] 22/9/2017 12:42

Agreed. But they have had technological lead (particularly in the control centre software area) for a number of years and have been available to buy below NWC. Surely if a competitor wanted them they would have made an offer by now?

The management said that they had the buyback in place because of "the persistent gap between the market valuation of the Company and the Board's assessment of intrinsic value" which subsequently had them buying back up to £2.73 14 days prior to the end of the current Half Year and the management team including the retiring chairman buying shares at £2.60 28 days prior to the end of the current Half Year.

If the board assessed the intrinsic value to be higher than £2.73 14 days prior to period end they should be buying back shares in size at the current price. They just need to get on with it IMO.

Short term share buy back combined with medium term investment into improving their sales performance should deliver greater shareholder returns than a takeover at 300p. If management can't deliver this they should walk now.

[gengulphus] 22/9/2017 12:33

spooky,

varies the results are not consistent with the trading update. At that time they stated that there had been 'modest growth in overall revenue' and that 'In the first 19 weeks of 2017, overall revenues were ahead of the corresponding period last year'. Revenues in the first half actually fell from $21.8m to $20.4m.

What's the inconsistency you see in that? One set of figures is about the first 19 weeks of 2017, the other is about the first 26 weeks. It just requires revenues in weeks 20-26 to have been particularly weak this year, or particularly strong last year, to produce "modest growth" in one and a decline in the other. And we do know from many past announcements that the company's revenues are often 'lumpy', e.g. due to whether a large contract payment happens to fall one side or the other of a financial period end...

Gengulphus

[she-ra] 22/9/2017 11:45

They were lower than 150p earlier this year. No one wanted them then so why do you think will now want an unprofitable company with shrinking revenues?

[cliffpeat] 22/9/2017 11:20

Interesting observation spooky - particularly as this is a company with just two executive directors who are both accountants.

Will the new chairman have the power to make changes at the top?

The chairman's report referred to recruitment of a "Global Senior Vice President of Sales". This is a strangely old-fashioned title and reflects IMO a lack of understanding of the roles.

In my opinion, the main board urgently needs:

1. a marketing/sales/strategy director - sweeping changes are clearly needed.

2. CTO/operations director - to coordinate the efforts and costs to align with the market place.

My post 3863 highlights the issues and my views are not changed by these interim results and report.


In reality, I suspect the operation would do a lot better if owned by a larger and more commercially orientated parent. I suspect that there are players looking at IND and on the face of it, it has just become 20% cheaper.

The reduced value of my small shareholding is now just a wager and at the moment I am betting on a bid for the company. They can have mine for 300p - I think that in the right hands and with integration savings this might be a snip for £23m

[spooky] 22/9/2017 09:20

varies the results are not consistent with the trading update. At that time they stated that there had been 'modest growth in overall revenue' and that 'In the first 19 weeks of 2017, overall revenues were ahead of the corresponding period last year'. Revenues in the first half actually fell from $21.8m to $20.4m.

[kiwihope] 22/9/2017 09:12

Bit of a damp squib. I think some people were expecting as lot more. However bottom line is they are still expecting FY results in-line with expectations.

[varies] 22/9/2017 09:06

Are these results inconsistent with the trading update provided on 18 May ?
I cannot see that they are and find the 20% fall in the share price surprising.
Even so, I agree with the majority on this thread who find IND's performance uninspiring.

[smicker] 22/9/2017 08:51

These shares are thinly traded and we have benefitted from that in the recent past. I'd expect the buyback to bring us back to previous highs once the initial selling is done which seems to be the case already.

[rajauk] 22/9/2017 08:34

Well not surprised

[jurgenklopp] 22/9/2017 08:18

.................. and a pretty brutal reaction to the results

[michaelmouse] 22/9/2017 07:48

Daftest sentence in a report goes to Indigovision today:-

"The Board continues to believe in the discipline of paying dividends to shareholders. It is the Board's policy that dividends should reflect earnings and, given the first half loss, the Company will not pay an interim dividend this year"

LOL.

[dangersimpson2] 14/9/2017 23:58

The results could be terrible but if they resume the buyback up to the share price level they have previously bought back at (and management have stated they believe undervalues the company) unless there are so many sellers they immediately exhaust the buyback we will see the share price rise in the short term anyway. It's the kind of punt that gives you your money back if you lose!

[betman] 14/9/2017 17:57

Wishful thinking..... todays price rise is due to a leak of better than expected results !!! More likely its just people punting that they will be good. Must be in close period so cannot be buybacks by the company

[thecurrymonster] 13/9/2017 18:00

Interim results are 22 September according to the investors page of their website.