Ingenta Share Discussion Threads

[red ninja] 08/9/2023 15:52

Given the below it seems interims will be out Monday or Tuesday next week.

Ingenta plc, a leading provider of software and services to the global publishing industry, will be presenting via the Investor Meet Company platform on 12 September 2023 at 16.30 (BST).
The presentation will give existing and prospective investors the opportunity to listen to management discuss the Company's interim results for the period ended 30 June 2023.

[smithie6] 04/8/2023 15:41

ah ha

129p paid

[smithie6] 04/8/2023 11:32

definitely some interest in the shares in recent weeks

[smithie6] 01/8/2023 12:12

EPS expectation. is it ~11p/share ?

[smithie6] 01/8/2023 11:13

btw

what is mkt expectation for annual PAT or EPS ?

[p1nkfish] 31/7/2023 07:14

Good positive update. Notice EBITDA increase vs revenue increase. Decent gearing. Year looks like having extremely low chance of disappointment. More likely a beat.

[p1nkfish] 20/7/2023 07:53

So thinly traded can draw few conclusions but buys have also been after x-divi date of 14/7. Unusual.

Might be a TU due.
My personal target price is 132-142 with 137 middle. Will look at it again when it gets near there.

[smithie6] 19/7/2023 22:54

is that similar to gentle fondling ?!

:-))

[p1nkfish] 18/7/2023 21:35

I might be wrong but wouldn't be surprised to see this run a little.
Some gentle accumulation going on?

[smithie6] 29/6/2023 11:07

btw

congrats to the dirs & staff for winning these 2 contracts.

[p1nkfish] 29/6/2023 08:39

Whomever bought the sales yesterday has made a decent 24hr return on capital on paper. Nice one. Let's see if the seller is done or not.

[p1nkfish] 29/6/2023 08:35

The real care is needed with headcount expansion that doesn't impact margins. That is my concern, not revenue meet.

[p1nkfish] 29/6/2023 08:34

The TU indicates on target and with a bit of sandbagging built-in by management its reads as an easy yearly meet or beat is expected.

[p1nkfish] 29/6/2023 08:33

Tender was probably demanded by Kestrel.

[smithie6] 29/6/2023 08:11

I think it means the tender offer was unexpected. The tender cost money for the shares bt. The strong operating performance did not quite generate enough profit to pay for the tender.

That is how I read it.

[rossco] 28/6/2023 21:50

Reading through the annual results I found this statement within the Financial Report section - “Year-end cash balances were £0.5m below budget reflecting the unplanned
tender offer expenditure only being partially offset by strong operating
performance.”
Does anyone know the reason for the unplanned expenditure related to the tender offer?

[rossco] 28/6/2023 20:25

Someone appears to be nervous about the AGM update this week.

[smithie6] 28/6/2023 19:08

"& usefulness of the notable marketing spend for the last 5 years, total of ~£3.5 million

??"

& yet

growth in revenue not keeping up with inflation !


====
was ~120p...now ~90p.
needs to rise 30p or 33% to get back to 120p.

1/3rd !

:-(

======

jury still out on this one.

[p1nkfish] 15/6/2023 10:59

Lack of any RNS worthy news isn't helping. Has been the case for far too long. I'm all for lots of small deals as they are less risky and spread the customer base but an occasional news worthy win can do a lot of good for sentiment.

[red ninja] 27/5/2023 10:56

They have grown revenue ie £10.5 million last year, £10.1 million (2021) and £10.2 million (2020). They haven't grown revenue from new customers (recently) or in real terms, both of which I agree they need to achieve.

[p1nkfish] 27/5/2023 10:13

Good thing is they are profitable as is, have a cfo that appears capable and a ceo that obviously cares to grow. The cost base is well trimmed and defined.

Sales, sales, sales needed.

[p1nkfish] 27/5/2023 10:11

It's all an unknown as they haven't grown revenue for quite a while.

If we take it the products fit the intended markets then this is a bargain.

They can layer increasing revenue on what is a well trimmed cost base. Well worth a decent premium on todays price.

However, increasing headcount to increase revenue is always fraught with danger especially if the product doesn't fit the market as well as Ingenta believe. Costs go back up and revenue doesn't follow as quickly etc.

Until they show a result they will languish. Show a result that looks sustainable and they fly.

If you believe they can fly then its well worth a punt as this can easily double+ imho.

Dyor, etc.

[red ninja] 27/5/2023 09:51

Having listened to the IMC presentation.

I do feel encouraged. I mean they have increased revenue, they have driven costs down.

I take the point that the marketing has been partially used to upgrade existing customers from Ingenta Connect to Ingenta Edify and that has clearly been a success.
However, I believe they have spent time and money addressing new verticals and if you are not winning at least a few new clients it can't really be regarded as money well spent.

They make it clear the have many target new verticals, and even companies in vertcals they have not considered who have approached them and they have demonstrated to.

The question is are they spreading their net too wide as a small company would they be better concentrating their spend in just 1 or 2 verticals.

The other question for a small company with limited resources could they fall to a bigger preadator which has the resources to more ablely sell their technology. In which case with a market cap. of around £14.5 million, but with £2.4 million in cash. It is not inconcievable that they could be taken out at a good premium to the current price. I mean they are spending £1.1 a year maintaing and upgrading their software.
Thus, the current price share price does not seem expensive.

I've upped my stake by a smigin. However, I could be foolish deluded.

[red ninja] 26/5/2023 11:34

You'd hope Kestrel would have given them a steer on marketing given that they are engaged with a lot of small software companies.

[p1nkfish] 26/5/2023 00:18

They've made themselves quite an interesting acquisition target. Wonder if any of the bigger publishing houses have looked this way?