Ingenta Share Discussion Threads

[smithie6] 17/5/2024 15:02

+15% so far

nice.

[z1co] 17/5/2024 14:27

Share price has declined from £1.80 in March , obviously the management felt it necessary to issue this rns.

[boadicea] 17/5/2024 14:19

Sometimes companies seem to forget that they have shareholders who need to be kept informed, if only to stop inaccurate rumours from taking hold. This rns has the flavour of something hurriedly cobbled together this morning for just that reason; (and could that possibly indicate that management's main current preoccupation lies elsewhere?)

[z1co] 17/5/2024 14:15

Very difficult to buy in size after the rns.
Had to buy the last lot via the fill/kill.

[smithie6] 17/5/2024 14:09

whoopee !!

(recent buys are nicely up.
..although I was a bit nervy buying....since there was a very keen seller !

[red ninja] 17/5/2024 13:42

Well the RNS is now out (ie they are not keeping it a secret any more :-

"Ingenta plc (AIM: ING), a leading software and services provider to the publishing and media industries, announces that it intends to announce audited final results for the year ended 31 December 2023 ("FY 2023") in May 2024, in line with the financial reporting calendar in recent years.

Underlying trading performance for FY 2023 is expected to be as announced in the Company's Trading Update released on 31 January 2024. Current trading continues to be in line with management expectations, with cash flow ahead of budget and the Company on track to deliver a further year of solid progress."


I have tried a few times to read the Ingenta website "Financial Calendar". It wouldn't let me in for some reason.

PIs buying again relieved at company communicating ?

[somerset lad] 17/5/2024 10:50

ING's website says results will be published in May. Last year they put out an RNS giving the day.
The 31.1.24 TU was unusually detailed, giving PBT and EPS figures (subject to audit), suggesting they are on top of their numbers.

[smithie6] 17/5/2024 09:59

nice to see the bounce this morning

just need it to keep going

[p1nkfish] 15/5/2024 11:19

Grant Thornton were known for being understaffed, may still be the case.

[boadicea] 15/5/2024 10:59

Indeed .... and some companies have had the confidence to publish preliminary figures unaudited.
This puts pressure on the auditors while illustrating that the company is capable of providing the market with timely figures.

[red ninja] 15/5/2024 10:35

I can't see an announcement of final results date for 2024 and the dates for final results in recent previous years date from early April to late June. Thus are they really late or just not announcing a date.

In 2022 they delayed them :-

"The Company has been advised by its auditors Grant Thornton UK LLP that due to their internal resourcing constraints, the finalisation of their audit process will require more time to complete and the proposed Final Results announcement is now expected to be released by the end of June 2022."

In recent years results delays have not been that unusual for many companies.

[boadicea] 15/5/2024 08:14

Results overdue, so what's the hold-up?
It's bound to make investors nervous but in current circumstances it's as likely to be corporate action as corporate inertia! One might speculate on takeover possibilities etc.

[p1nkfish] 14/5/2024 16:39

1) Increase operational efficiency to maximise net margin - DONE.
They did a good job of that. Not much fat to cut.

2) Drive top line revenue growth - JURY STILL OUT.

If they don't show 2) then management needs to change approach or let someone else drive the bus.
CFO appears on the ball.

It's lean, just not clear if they are mean.

Thoughts?

This was the one that was towards the top of my list to get taken out this year. Instead it was IQGEO - 18 months too early imho.

This would make a neat bolt-on to the right acquirer without much fat to cut and good chance of little overlap redundancy. Lack of much top line growth so far. Get the top line moving and this should be fine.

[red ninja] 14/5/2024 08:56

I think it's probably nervous investors waiting for the results and selling when they look delayed. This is an illiquid stock and it doesn't take a lot of trades to trigger
a fall or a rise.

[boadicea] 14/5/2024 08:22

It's difficult to guess the motivation of share movements on such thinly traded stocks. Possibly the falling price has triggered some stops - or something is leaking.
On a more Machiavellian level, it could be a way of lowering the price to make a modest take-over offer look more generous.
So we are back where we were last Autumn, subsequent minor expectations apparently having evaporated - a steady rather boring stock returning about 4% divi at today's price.

[crazycoops] 14/5/2024 08:14

They need to pull their fingers out and get those results published, along with 2024 guidance.

[smithie6] 14/5/2024 07:52

any views on this one ?

down today. and chart has not been good recently.

[jurgenklopp] 24/4/2024 10:18

Results must be due very soon.

[boadicea] 04/4/2024 15:26

Nice run up today.
Worth noting that the two larger trades at 159 and 160p, marked by advfn as sells were delayed reporting and took place when the quote was 155/160 and 157/160 respectively.

[p1nkfish] 05/3/2024 09:09

Outside of increasing operational efficiency (they have done a decent job of that), I hope this management have enough sense to investegate how AI tools can help further and offer new services to their customer base/new targets.

It's not a time to have both feet stuck n the old way of doing things if they want to grow and not become a dead-end waiting to be culled spinning off some cash until they are totally irrelevant.

[sidarthur2] 26/2/2024 11:38

Here we go again!!!?

[texaspete2] 23/2/2024 20:25

Looks to be building some good support now at around 158p, two or three times now theres been volume at this level, looks good

[p1nkfish] 23/2/2024 17:09

Been waiting a while if something does suddenly occur. The TU was one of the most terse I have ever encountered and a bit strange. Say nowt, give nowt away to the market?

[boadicea] 23/2/2024 16:35

Noteworthy price action today, including a late reported 28k from yesterday, 2p above the offer reported at the time (line 5). Also a delayed 12k buy, line 14, and a number of close timed smaller buys would tend to indicate sudden interest or someone scratching around for anything available.

Something tells me this could get interesting.

[p1nkfish] 04/2/2024 09:52

Or they are acquired.

ING need to be on the leading edge and seen to be with new products/services/offerings.