Indigovision Share Discussion Threads

[lothar7] 20/3/2020 21:12

I left in 2006 - 14 years ago.

[srsm] 20/3/2020 16:44

Yes lothar7, I had a work colleague who worked in Software at IND. Talented young chap but didn't last long. Forced out by an overbearing Software Manager or Team Lead (I forget the details) who caused endless trouble. That probably about 14 years ago. Which maybe fits with the start of the long period of decline.

A devious and poorly performing senior employee could easily hide poor performance for several years before being found out.

[jason_j] 20/3/2020 14:31

got 100,000 plus shares here if anyone wants to make a good offer....

[iain123] 20/3/2020 13:27

Yep, we all should have followed Hamish Gossart when he sold out at a tenner. I sold some at £9 but no where near enough! I remember CEO Oliver Vellacot buying bucketloads at £3, not much lower than todays sale price.

[lothar7] 20/3/2020 13:13

To this day I kick myself for not selling when it was at 9-10 pounds years ago. Now all my profits are due to buying low in 2017. Otherwise it would just be break even for all those years of holding!

[lothar7] 20/3/2020 13:12

The downfall of IND was incredibly poor management which led to people leaving and wasted opportunities. I say this as a former employee.

[srsm] 20/3/2020 11:23

Having held IND for what feels like forever...

Kind of gutted. I know everyone else is dancing a jig at 405p and it's no disgrace given the price was 100p a few years back... plus COVID-19.

But all I can think of is that Motorola Solutions(MS) paid $1,000,000,000 for Avigilon a few years back. And are paying a paltry $37,000,000 for IND. Apparently the "Acquisition will provide Motorola Solutions with enhanced geographical reach across a wider customer base."

I'm not sure if MS had a security camera business before buying Avigilon but I don't buy the argument that having spent a billion dollars they need to buy IND for a "wider customer base".

So, this for me is the final proof that IND always had the best overall IP Security Camera solution and held that status over the past 20+ years. MS are buying the IP: and on the cheap.

Tech Stuff: IND have IMHO -
The best underlying Distributed Network Architecture meaning a genuine Internet like solution. Everyone else just replicates the original Analogue infrastructure. Makes IND gear more fault tolerant. Kind of critical for security.

Probably the best Video Encoding. This helps keep framerates up and storage costs down.

Possibly the best cameras at various stages of their history (proof being the video where the compared the best of the rest in low light conditions - IND cameras were best). I dare say camera quality would fluctuate over time.

A very solid Control Centre offering. Again, I suspect that all suppliers have their strenghts/weaknesses in software.

True ONVIF compliance: meaning interoperability with other security gear (buttons, alarms etc). IND board members explained to me (at AGM chats) how their competitors mostly hacked together solutions - I'll take their word for it. A few years back though.

And finally, one of the few companies who can provide an end-to-end solution from cameras to storage. Most competitors do bits and pieces so clients have to 'build' a solution from kit that 'hopefully' works together. And who to blame when something doesn't work? So buying IND gear is much simpler.


Competitors would disagree with some of the above but I think this purchase proves it beyond reasonable doubt. MS need IND because the billion dollar Avigilon technology isn't good enough.

Torment yourself by multiplying your cash to come by 27. ( 1B / 37M ). A better Technical Solution for 3.7% of the price.

Sigh.

Yes, I know, it's not about what you can do it's what you can sell and the profits that accrue. But that's my point. IND led the world around 2005 and threw it away... and I've no idea how they managed it. I don't think it was incompetence, or stupid decisions, probably just an accumulation of small mistakes or disadvantages.

Possibly it was no more than IND charging more for what was the premium offering and most buyers are run by Finance departments who just focus on what's good enough and mostly what is cheapest.

Long sigh again... still, IND is my biggest holding and I've probably made at least a 5 bagger once loads of dividends are included. But...

[25october1969] 20/3/2020 10:00

Selling because I don't trust the markets and not 100% certain deal will happen...After doubling of price happy to give up 10% in exchange for money in bank

[vegplot] 20/3/2020 09:47

I sold up to capital gains limit for this financial, as the price is currently <10% down on the bid price and I'm expecting to be paying a lot of CGT next year.

[lothar7] 19/3/2020 12:32

Why are people selling now rather than wait til the deal is finalized at 405p? People needs cash due to market crash?

[jason_j] 19/3/2020 08:06

whats the definition of significant?. reading the info it would imply that at least 55% of them were?

[glavey] 19/3/2020 06:56

CliffPeat,
Yes, all too aware. Has a slight nose that. Significant shareholders must have been inside on this for a while, before accounts released I'd suggest.

[exotic] 18/3/2020 17:46

Thanks sharw!

[sharw] 18/3/2020 13:04

exotic - this is not a bid where you have to submit your certificates but is being done as a Scheme of Arrangement under the Companies Act. This process means that it becomes compulsory for all shareholders so the money is sent automatically and certificates cease to be valid so you can frame them and put them on your wall!

[cliffpeat] 18/3/2020 10:41

@Glavey:

I doubt there will be any counterbid.

Avigilon is a subsidiary of Motorola Soloutions (the bidder:)

Pedro Simoes has " over 13 years’ experience in the sector, and prior to joining the Group he spent nearly six years with Avigilon Corporation (TSX: AVO) where he was ultimately responsible for leading its Global salesforce and driving revenue worldwide"

[glavey] 17/3/2020 23:50

Baner,
You had previously proposed that it should be worth 500p. I concur.
Why bow to the BOD. (Or was your apparent enthusiasm ironic?)

[exotic] 17/3/2020 20:27

Not sure if I can find all my certificates. Whats the usual process, will I need to return certificates to receive payment or do they just rely on the register?

[baner] 17/3/2020 20:02

glavey

i am not sure i understand your question?

[cliffpeat] 17/3/2020 12:21

dsct - see the RNS for expected timings

[dsct] 17/3/2020 12:05

Holder for many years with IND being one of my largest holdings in the past. This offer will allow me to exit at profit.

As the timetable hasn't been published yet, I'm wondering if it's worth selling at current share price as opposed to waiting, just in case the offer doesn't finalise - problems with Motorola, financial apocalypse, etc.

[lothar7] 17/3/2020 12:04

It would be event better if there were two competing bids

[baner] 17/3/2020 10:30

fantastic achievement by the Indigo team! and also great to see a BOD that really work for the best interest of the company and its shareholders!!!

[flamingo93] 17/3/2020 10:23

Cheers - Yes quite a big discount to the TO offer but perhaps understandable in the current market. Always get these wrong!