Team Internet Share Discussion Threads

[n0rbie] 06/5/2010 09:56

Damn straight!

[like2share] 06/5/2010 08:46

another contract win, great!

TIG are consistently winning contracts, this company has not gone unnoticed, cemented by the approaches in the past, just a matter of time for another approach IMHO.

Better for a bidder to attempt to takeover now at a premium to the current share price rather than have to pay substantially higher as eventually more Nedbank-size wins start rolling in and the share price begins to reflect these are moving up a level IMHO.

we'd all like to see a bidding war lol

[targatarga] 06/5/2010 07:51

Could the results be delayed for another reason? Multiple approaches etc....

[dvsfm] 06/5/2010 07:49

TIG just keeps on winning contracts, very good news

[6971] 06/5/2010 07:30

Excellent. I wonder if this will get noticed today, between the election and Freddie Mac news, it will do well just hold on to the current share price I think.

[kenw01] 06/5/2010 07:28

And from the description, it would appear to be with the Hertz Corporation, which would be very good news !

[n0rbie] 06/5/2010 07:14

Another contract win!

[dvsfm] 05/5/2010 22:39

i agree i reckon the results would have got lost in the post election day saga, i'm only expecting a positive outcome with the emphasis on continued growth and confidence

[6971] 05/5/2010 20:14

Thanks for the update Norbie - probably a good thing with the markets in decline.

[n0rbie] 05/5/2010 19:13

Spoke to the company today, Interim Results are now out on the 26th May. Was preliminarily set for tomorrow but now the 26th is definite.

[n0rbie] 05/5/2010 19:12

Take a look outside and you'll see everything is getting hammered.

[littlemadam] 05/5/2010 16:26

Varrirob.
I would say it is just the market generally. MMs marking most stocks down as perhaps they don't want to take any more on board? Who knows.

[varrirob] 05/5/2010 15:12

Does anyone know the reason for the big drop. I would love to say its because the MM's need to get an order filled before a take over bid but that would be too easy.

[like2share] 05/5/2010 05:03

we will be taken over at some point, 16p was not an acceptable price, meanwhile roll on with more contract extensions and new bigger size contracts and we will continue to remain in the focus IMHO

[dvsfm] 29/4/2010 20:16

very good article, it will happen one day its the natural evolution of this type of business

[n0rbie] 29/4/2010 19:53

Nice article here:

Innovation Group (LSE:TIG), a UK-listed provider of business support services to the UK insurance industry, is an attractive target for Indian outsourcing companies, two industry sources said.

All top five Indian BPO vendors including Infosys BPO would be quite keen to pick up a stake in the UK firm considering its scale and expertise in the insurance and financial services space, said the first source, an India-based sector banker. The second industry source referred to Indian system integrators and BPO players of the likes of Wipro as possible suitors. "This is primarily an all-cash transaction for some of the cash-rich Indian BPO operators," the source said. "Whoever has cash to spend on M&A in India would look at Innovation as an attractive target."

EXL Service (NASDAQ: EXLS), however, is unlikely to approach Innovation Group with a second offer after a failed attempt last year. The US-listed provider of offshore business process outsourcing solutions with headquarters in India had approached Innovation Group with a 16p per share offer in August 2009.
In an exclusive interview with this news service, Rohit Kapoor, president and chief executive officer of EXL, confirmed a strong intention to purchase Innovation Group back in 2009. However, he revealed that EXL's interest was not encouraged by Innovation management who were reluctant to sell. At the time, EXL submitted a "reasonable offer" of 16p per share, Kapoor said. He added that such an offer proved to be realistic and "it could be theoretically applicable today as Innovation's stock price has never gone close to such a price over the last 12 months," he said

Asked whether EXL Service could still consider Innovation as a target with a higher offer of 19p per share, Kapoor played down such an outcome. He acknowledged that Innovation Group could provide synergies in terms of vertical integration and geographical footprint given its strong presence in Europe, the US, Australia and South Africa. However, he stressed the fact that EXL would not engage in a bidding war. "We would be extra careful with the business valuation. We already have a pipeline of asset acquisitions in various states of maturity," the CEO noted.

The second industry source reasoned that Innovation Group is likely to whet the appetite of several tech companies looking to strengthen their presence in the insurance space. He added that private equity firms might also play a role in securing a large stake should Innovation Group come to the market.

Innovation Group's media and investor relations department declined to comment on whether they would entertain a potential approach.

EXL has a market cap of USD 472m while Innovation Group stands at GBP 121.6m.

The India-based sector banker said Innovation Group had been in talks with Indian BPO vendors sometime ago, but he was unaware of any active talks being held at this stage.
Highlighting the likely interest of the top India-based BPO vendors, the source noted Infosys BPO's acquisition of Atlanta-based McCamish Systems late last year. McCamish does BPO processes for American insurance companies. Infosys could now look at interesting targets in Europe, the banker said, and Innovation Group would be a perfect fit.
A source at Infosys BPO did not comment on specific company proposals.

by Pamela Barbaglia, Vinu Lal and Paul Francis-Grey

[littlemadam] 29/4/2010 19:24

yes, good volume indeed, and includes a few large buys.

[n0rbie] 29/4/2010 18:00

Yep, another 1.5m lol.

[6971] 29/4/2010 16:46

I see some more late night shopping going on again lol

[n0rbie] 29/4/2010 10:32

lol. It's all about the buyers and sellers. Strong buying around at 13p.

[reesyheli] 29/4/2010 10:09

WTF 1.5 mil buys and the price drops?

[n0rbie] 28/4/2010 22:54

Yep you're right, another 3 million sneaked through!

[6971] 28/4/2010 16:44

Norbie, lots of action in the last hour which reminded me of the trading patterns in February too. Watch out for more after 5, I can remember them sneaking several million in on quite a regular basis.

[n0rbie] 28/4/2010 16:40

Largest volume since back in February.

Gartmore adding some more maybe?

[n0rbie] 28/4/2010 13:41

Nice to see some more good volume. Gartmore fund managaer has been reinstated too so no worries there.