Indigovision Share Discussion Threads

[topvest] 20/9/2018 21:29

My view on this, after having been a shareholder a few year's back, is that its operating in a sector with too much price deflation. They have to sell more and more each year to stand still. Not a company I will be tempted back into at any price.

[arthur_lame_stocks] 20/9/2018 18:04

I might have a few of these after today's results. It looks like they're finally turning the corner and if they really can turn an acceptable level of profitability going forward then they do look cheap. The oil price is up too which might give a boost to their markets.

If they could make just 5% net on that turnover then these really will be cheap, but as has been said, that is the big if.

[spooky] 20/9/2018 10:53

If the statement on future trading is accurate then the shares are far too cheap, its the big IF.

[dangersimpson2] 20/9/2018 10:40

Results as expected today, with H1 loss and on target for FY break even. I guess a few people were expecting something better based on the small number of sells. This should be the low point in terms of trading though. H2 will be profitable to give FY break even, and that combined with the reduced inventories & improved cash collection should see them generate FCF in H2. Still trading at a discount to net current asset value so any return to consistently profitable trading in FY19 would see a much higher share price.

In the last 18 months directors, former directors, PDMR's and the company itself have bought a total of 3.1% of the equity at a weighted average of £1.77 per share. Now they are out of a close period I would expect them to keep buying at these levels if they can get the volume.

[fillipe] 17/8/2018 10:44

Good to see the further uptick today, ahead of the weekend + 2.7%, even on small.

f

[zoolook] 16/8/2018 09:12

Value shares can remain depressed for years without an outer. Recommend ‘Free Capital’ by Guy Thomas which has a profile of Peter Gyllenhammar - The Corporate Engineer.

[fillipe] 16/8/2018 07:52

Yes, quite possibly something very much on those lines.

f

[zoolook] 15/8/2018 16:32

“Noted activist PG has taken a stake in struggling Scottish Cctv company...blah, blah, blah...readers may want to follow suit”

[she-ra] 15/8/2018 16:03

fillipe - Why what's it done recently that merits a weekend tip/mention?

[fillipe] 15/8/2018 15:40

Incidentally, IND with the G factor and its lowly rating looks to me to be just the right sort of candidate for a decent weekend press mention.

f

[fillipe] 15/8/2018 15:37

Full ask of 120p paid for small - currents are 114p v 120p.....with +16% so far today and still low.

Even a very modest flurry of new buyers will have this well up, imo.

f

[zoolook] 15/8/2018 14:19

Think he did ok on C21. There was a property sale with a cash return and he exited gradually after that

[she-ra] 15/8/2018 13:58

Didn't he lose heavily on Densitron and 21st Century Tech?

[sharw] 15/8/2018 13:50

Gyllenhammar is basically a value investor so it should be obvious why he has taken a stake - the MCap is just under £8m but at the last balance sheet net tangible assets were $16.6m (£13.1m) and net current assets $13.3m (£10.5m). With breakeven forecast for the current year those figures are not under threat.

[fillipe] 15/8/2018 12:15

+ 10% on todays's Mr G. news with best bid/ask numbers at 114p v 118p, as I type.

f

[fillipe] 15/8/2018 12:12

Either way, a very welcome addition to the share register and going forward likely to have a positive influence on the IND share price.

f

[dangersimpson2] 15/8/2018 11:18

Interesting to see Gyllenhammar taking a stake. Not sure what difference he is going to make operationally though, the company have already changed the management and are trying to move to a more sales focused organisation. There isn't an obvious strategic change that can be implemented apart from maybe forcing a trade sale. The key to generating a return here will be the new management executing on their plan and returning to consistent sales growth - there seems to be at least tentative signs of this working in the AGM trading statement.

Probably the biggest short term positive of the Gyllenhammar stake is that he is unlikely to settle for owning just £220k worth and this will provide some short term price support as any larger holders who want to sell out can make a phone call and agree a price rather than drip into an illiquid market.

[oilretire] 15/8/2018 08:13

Did he have a large stake before? Or maybe am I confusing it with some of the other dross I've owned where he was involved.....

[hugepants] 15/8/2018 07:47

Gyllenhammar taking a stake here

[hugepants] 06/6/2018 13:26

I think this dog is undervalued at 115p to buy. Bear in mind the trading update last month which stated "the current indicators support the Board's target to at least break even in the current year."

At the current $/£ exchange rate

Net working capital is 130p
Net tangible asset value is 163p

[value hound] 24/5/2018 15:29

How come Indigo spend over $3m a year on R&D yet can't seem to make that translate into profit? Are the lead times very long, or is it more a matter of intense competition?

[jaykaytee] 21/5/2018 15:35

Thanks Stuart for the summary.

[sharw] 17/5/2018 17:39

SRSM - thanks for posting that (and didn't need to go to iii for it this year!).

Paul Scott at Stockopedia agrees: "..there's life in the old dog!"

[srsm] 17/5/2018 16:26

AGM Report

Met the new Chairman (George Elliott) and CEO (Pedro Simoes ex Avigilon Sales). Very pleasant and appear to bringing fresh pairs of eyes on the business.

Sobering to see how a main competitor Avigilon were sold for $1000,000,000.00 to Motorola and they started selling in 2006/7. Sigh!


Pedro indicated how Avigilon were very concerned about IND back then, particularly relating to the IND core DNA concept Distributed Network Architecture. Which basically means that IND kit is more robust. Even today there is only one company that comes close to IND on this. The others double everything up for robustness.
But Avigilon went for HiDef cameras from the start. I think IND were more focused on framerate (casinos can't drop frames). But as we all know camera resolution is where Sell Benefits not Technology is turned on its head. People wanted HiDef and IND didn't provide it.

Billion dollar company versus 10 million dollar company was perhaps the result. (A lot more to it than that and only my opinion).


The board described lots of efforts to improve supply chain and products and interactions with suppliers. All seems good stuff.

Cybervigilant and the new Integra look good.
The recent Panorama showing punters home cameras being easily hacked to livestream childrens' bedrooms to anyone in the world won't have gone unnoticed by professionals.
And Integra was sort of asked for by suppliers who would sell IND kit for Enterprise solutions but had little to offer the SMB market. This helps fill this gap.

Life in IND yet I think.

Stuart

[srsm] 17/5/2018 09:02

Going to AGM. Only shareholder last year (at least in punter terms, maybe a Suit or two).

Remember the venue isn't where it used to be.
Hoechst Lecture Theatre, Pentlands Science Park, Bush Loan, Penicuik, Midlothian, EH26 0PZ at 11 am