Team Internet Share Discussion Threads

[brando69] 15/2/2011 07:22

TIG certainly not afraid of diversifying... wld have been nice to see them put some numbers on these contracts.

[brando69] 15/2/2011 07:21

and a bonus feature:

South Africa Contract Wins

- Three BPO-based contracts provide Innovation with access to new market vertical -

The Innovation Group plc (LSE: TIG.L), is pleased to announce that its South African business has signed three new important BPO-based contracts. The contracts, which build upon the South African business' strength in managing the maintenance and implementation of motor repairs provide the Group with a solid entry point into the property market: a new vertical for the Group in this country.

Taken together, the contracts will see Innovation Group apply its outsourced service expertise to the installation, service and maintenance of solar powered water heaters on behalf of three South African organisations. These organisations are supporting a strategic South African Government initiative to install one million solar powered water heaters across the country over the next five years in order to reduce the strain currently placed on traditional power supplies.

In each case, the Group will manage and administer both the installation of the solar powered water heaters as well as the ongoing service and maintenance plans for the equipment. The three organisations that Innovation has contracted with are:

-- Investec Bank, which will initially pilot the equipment with its South Africa based staff followed by outreach to its customers;

-- a leading South African furniture retail chain with over 1200 stores nationwide, with which the Group has entered in to a rolling agreement consisting of a six week pilot-period followed by a national roll-out;

-- and ETA: a subsidiary of the Central Energy Fund of the Government of the Republic of South Africa, which has commenced a pilot of 500 solar powered water heaters on Nelson Mandela Bay. Once this pilot is complete, a 250,000 unit roll-out is expected to take place over a period of three years.

The contracts with both Investec Bank and ETA are the result of initial introductions from the Group's Black Economic Empowerment partner.

As the details of these three agreements illustrate, there are several different routes and timings to market for these services. As such, it is difficult to predict with accuracy the volume levels that will accompany these agreements. However, once initial volumes ramp up, the Group expects the three contracts to be making a significant contribution to the revenue of the South African business from FY 2012.

Welcoming the contract agreements Andy Roberts, Chief Executive Officer of The Innovation Group commented:

"This is an exciting opportunity for us in the South African market and we are delighted to announce these three important contract agreements. Service and maintenance plans in the motor sector have been very profitable for our South African business and this initiative allows us to move the same model, expertise and reputation that we have built here into a new vertical market."

[brando69] 15/2/2011 07:19

nothing to complain about in that IMS. can't be long before they declare a dividend...

[laserbill1] 15/2/2011 07:19

Tuesday 15 February, 2011
Innovation Group PLC
South Africa Contract Wins
RNS Number : 2226B
Innovation Group PLC
15 February 2011




RNS REACH



15 February 2011



The Innovation Group



("Innovation" or the "Group")



South Africa Contract Wins



- Three BPO-based contracts provide Innovation with access to new market vertical -



The Innovation Group plc (LSE: TIG.L), is pleased to announce that its South African business has signed three new important BPO-based contracts. The contracts, which build upon the South African business' strength in managing the maintenance and implementation of motor repairs, provide the Group with a solid entry point into the property market: a new vertical for the Group in this country.



Taken together, the contracts will see Innovation Group apply its outsourced service expertise to the installation, service and maintenance of solar powered water heaters on behalf of three South African organisations. These organisations are supporting a strategic South African Government initiative to install one million solar powered water heaters across the country over the next five years in order to reduce the strain currently placed on traditional power supplies.



In each case, the Group will manage and administer both the installation of the solar powered water heaters as well as the ongoing service and maintenance plans for the equipment. The three organisations that Innovation has contracted with are:



· Investec Bank, which will initially pilot the equipment with its South Africa based staff followed by outreach
to its customers;



· a leading South African furniture retail chain with over 1200 stores nationwide, with which the Group has
entered in to a rolling agreement consisting of a six week pilot-period followed by a national roll-out;



· and ETA: a subsidiary of the Central Energy Fund of the Government of the Republic of South Africa, which
has commenced a pilot of 500 solar powered water heaters on Nelson Mandela Bay. Once this pilot is complete, a 250,000 unit roll-out is expected to take place over a period of three years.



The contracts with both Investec Bank and ETA are the result of initial introductions from the Group's Black Economic Empowerment partner.



As the details of these three agreements illustrate, there are several different routes and timings to market for these services. As such, it is difficult to predict with accuracy the volume levels that will accompany these agreements. However, once initial volumes ramp up, the Group expects the three contracts to be making a significant contribution to the revenue of the South African business from FY 2012.



Welcoming the contract agreements Andy Roberts, Chief Executive Officer of The Innovation Group commented:



"This is an exciting opportunity for us in the South African market and we are delighted to announce these three important contract agreements. Service and maintenance plans in the motor sector have been very profitable for our South African business and this initiative allows us to move the same model, expertise and reputation that we have built here into a new vertical market."

[laserbill1] 15/2/2011 07:17

Tuesday 15 February, 2011
Innovation Group PLC
Interim Management Statement
RNS Number : 2225B
Innovation Group PLC
15 February 2011




15 February 2011



The Innovation Group plc



("Innovation Group" or the "Group")



Interim Management Statement



The Innovation Group plc (LSE: TIG.L), a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries today publishes its Interim Management Statement for the period from 1 October 2010 to date, in accordance with DTR 4.3 of the FSA Handbook.



The Board is pleased with the trading performance seen since the start of the financial year, benefiting from and building upon the Company's successful transition last year to a more predictable, business process outsourcing ("BPO") based revenue and profit platform. Year-on-year revenue growth is in line with our Group plan, with revenue from BPO activities continuing to represent 87% of the total. Operating cash flow was strong and the conversion rate of EBITDA to cash is currently ahead of our expectation.



The Group continues to run several sizeable proofs of concept in all major geographies. All of these are progressing well and the Board is confident of a good conversion rate to full-term contracts in the coming months. Customer retention remains good and during the period the Group secured several wins in the UK, US and Australia as well as renewing a contract with its largest client in Spain.



As previously announced the Group has, during the period, made two small acquisitions for a maximum total cash consideration of £3.5m. The first, Wintec, is a leading franchised windscreen repair network with over 250 mobile and fixed repair centres operating across Germany. The second, an acquisition in South Africa of TJH Financial Services, is an insurance administrator, providing underwriting administration as well as policy administration and claims handling services for insurers and brokers. Both of these acquisitions complement and broaden the Group's existing range of outsourcing services.



The Group's development programmes for Insurer Claims, Policy, Analytics and BPO (Enterprise) remain on track with the new version of our claims software product, Insurer 7.0, having been launched internally, on time and to budget, in January. We are pleased by the initial feedback from industry analysts and are encouraged with the pipeline which is now starting to emerge in the US, UK and Australia. Although the sales cycle for product sales remains long, over time, we expect revenue for this product to build in 2012 and beyond.



The Board is pleased that, as achieved in the second half of the last financial year, all regions continue operating profitably into 2011 and the Board remains confident in the Group's ability to meet its expectations for the current year.

[cheaky monkey] 13/2/2011 12:47

In 2010 there was an IMS on 18th Feb so maybe something this coming week? Let's keep those girls dancing:-)

[brando69] 08/2/2011 16:37

17p finish

[brando69] 08/2/2011 12:06

someone clearing out yes, but their shares are being snapped up... equilibrium until they go, but when they do, i expect a pronounced move north. 19-20p in next few weeks. lets see

[petersinthemarket] 07/2/2011 20:53

not trying to be controvertial, just interested. Got some cash to put in but not yet totally convinced. share price momentum looks good, rising strongly. share price well ahead of 50sma. Revenue rising. last years pbt looking promising. ditto eps. last dec report only said ''in line with expectations'' so has this company successfully turned around or not? all reasoned comments welcomed.
pim

[spec7] 07/2/2011 20:32

I think you are maybe right but a lot of the trades today were mid price when you factor in the delay.

[petersinthemarket] 07/2/2011 20:18

according to my screen there has been relentless selling today by a factor of around 4sells to every buy. Am i looking at the wrong list?

[brando69] 04/2/2011 13:58

because there has been relentless buying of the shares

[brando69] 03/2/2011 22:52

strong burst north coming methinks

[breliz] 02/2/2011 11:42

Panmure Gordon target revised up from 18.8p to 20.0p ...
... starting to get interesting

[6971] 02/2/2011 09:20

Another 2.4m overnight trade showing this morning. I wonder if we'll hear any more from Gartmore?

[mctmct] 02/2/2011 09:19

... and we finally get above the rejected 2009 t/o price. That's worth a drink to celebrate ......
I think I'll make a pot of tea.

[brando69] 01/2/2011 14:44

next leg up commenceth

[targatarga] 01/2/2011 08:31

buyers on the starboard bow.....

[breliz] 28/1/2011 17:32

We need some more good news quick ...
... unless the star gazers can find a nice looking chart from 53 years ago.

[spec7] 25/1/2011 23:31

broadening my investment strategy this year Pat. Hope you are not in CAR and OXIG or people will start talking :)

[patviera] 25/1/2011 23:02

SPEC...ure everywhere!lol

[brando69] 24/1/2011 15:44

v quiet here

[targatarga] 19/1/2011 12:29

another bid must be due.... surely?

[brando69] 19/1/2011 12:20

nice consolidation