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ING

Ingenta Plc

104.50
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Ingenta Plc LSE:ING London Ordinary Share GB00B3BDTG73 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 104.50 67 08:00:00
Bid Price Offer Price High Price Low Price Open Price
102.00 107.00 104.50 104.50 104.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Packing And Crating 10.15 1.80 10.60 985.85 15.19
Last Trade Time Trade Type Trade Size Trade Price Currency
13:15:11 O 67 102.10 GBX

Ingenta (ING) Latest News

Ingenta (ING) Discussions and Chat

Ingenta Forums and Chat

Date Time Title Posts
27/5/202310:56Ingenta: Leading software provider to the global publishing industry518

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Ingenta (ING) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-02 12:15:13102.106768.41O

Ingenta (ING) Top Chat Posts

Top Posts
Posted at 27/5/2023 10:11 by p1nkfish
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.

Posted at 27/5/2023 09:51 by red ninja
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.

Posted at 22/5/2023 21:51 by p1nkfish
The IMC webinar was enlightening. They have prepared the platform and optimised the fixed cost base. Now it's revenue growth, needing higher headcount. The efficiency of the marketing spend will be proven good or bad this current year along with how well they recruit target carrying sales people.

Management are in a position where there is no hiding place. A critical year.
Get it right and the current price will look like a bargain in hindsight.
Get it wrong and it's stagnation, excuses and blood on the carpet.

Posted at 21/12/2022 12:27 by red ninja
Well it's now clear the tender related spike above 130p was a short term thing.
I've bought back my 12% (before today) for a quick scalping possibly too hastily, but then again I am hopefull for ING.

No more RNSes of Kestrel selling so hopefully they are happy to retain the rest of their holding.

Posted at 02/12/2022 20:48 by smithie6
a) arguably it looks a bit like insider trading today with the sh price falling 10% in advance of an RNS published later after the market closed "today"
(Kestrel have sold 225k shares (~1.5% of the company) yesterday)

b) One assumes that another insti fund has bought the 225k shares.
The regs. require any holder of >3% to issue an RNS if their holding goes thru a percentage point, eg. from 4.9% to 5.1%.
Since the transaction was for 1.5% of the company it is possible we might see an RNS next week if 1 buyer already holding >3% bt these 225k shares.
Or if a new insti went from 0 to 1.5% then no RNS of course since total holding wld be <3%.

c) looking at the last annual report, it gives info about holders of >3% in March 2022 & that includes 3 other instis
- Criseren Investments
- Canaccord
- Premier Miton

(if any of these have had spare cash to investment, perhaps due to another holding being bought out, then phps they were the buyer; if so then there will be an RNS next week, Monday).

(my guess is.....Canaccord, since they bt some shares in November, see RNS 16th Nov. (in another post I showed that the RNS data for "previous holding" was false, I expected it to be corrected this week, hasn't happened (the % holding increase was small/tiny & was not 6% as that RNS says, but it does show that at that moment at that price that Ccord was buying some shares, which is a good sign).

Posted at 05/11/2022 12:12 by p1nkfish
Kestrel have to tender some as they are at 28.38% and might reach 30% if the 11% target is tendered in total from elsewhere.

Now - Ingenta are at this point because they are generating cash and it doesn't look like that will stop soon and there are potential catalysts in music etc that might add a real fillip to revenue/profit. So far they have been quite unable to show that result but that doesn't mean they won't. The return of cash is partly because they can't find a use for it.

Cash will be depleted by the tender and value fall, but should be replenished, and at the same time EPS will rise due to reduced share count.

Where would I put cash taken out of ING?
Back into ING if the price weakened post tender? Given how tightly held this is I don't see much chance to put 11% of my holding back into this afterwards - it took a while to build the size I have without pushing the price up.

Outside of the Oct-May market tailwind we usually get there looks to be excess risk everywhere. Good growth not easy to find and I'm expecting some earnings hits in 2023.
I would be left with cash with decisions to make and inflation running loose, waiting for a market sell-off to use the money.

I'm biassed towards leaving it alone, increasing my holding of the total by up to 11% by default and seeing what happens.

Boring but exciting usually costs me dear.

Anyone else have any thoughts?

Posted at 25/10/2022 09:18 by smithie6
one assumes this means no one buying any shares for the next few months until this tender process is all out of the way !

imo many PIs will think that no point in buying any shares at any price higher than the tender price of 115p, putting a lid on the share price imo

Posted at 18/10/2022 07:56 by p1nkfish
ING haven't been at this price since about October 2018 so a full 4 years. At that time it was on the way down.

Since, they have tidied ship and become leaner, performed a buyback and increased their offerings - although taking time to gain traction on new products/services. Any uptick in new business largely goes to the bottom line as all op-ex covered well by existing business on high % ARR.

Interesting to watch, low volume transactions, tightly held and generating cash.

???

Posted at 05/10/2022 13:53 by boadicea
A very marked upturn in interest since last week.
There were no deals in the week until Friday when there were 13 (plus a closing auction). Although the majority were adjudicated formulaicly as sells on advfn the suspicion would be that all were buys as inferred from the resulting price action. Since then (3 days) there has been a regular demand with only two very small sells.

One suspects that such buying is not without intelligence.

The shares will be xd after this evening's close which may explain a decison to buy now rather than afterwards but hardly explains a general increase in interest.

Posted at 10/1/2022 13:30 by boadicea
Following a takeover settlement I had some spare cash in Novebmber and looking for reinvestment this is one of three or four 'hopefuls' I alighted on. Not my usual luck to see an early appreciation so I hope soe of the others responds too.
Valuations in the cyberfield vay greatly with some at near astronomic levels compared to ING.
This provides a strong incentive for rationisation of a fragmented sector by a takeover of the laggards, especially those with good quality (e.g. high arr) and a sound balance sheet like ING.
The valuation disparities are sometimes hard to justify and tend to understimate the ability of a high-flyer to have a disappointing year and corresponding share price crash.

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