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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intec Tel.Syst. | ITL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 71.75 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.75 | 71.75 |
| Top Posts |
|---|
Posted at 27/10/2010 07:35 by kooba from ft todaySoftware company Intec Telecom was in focus on talk that one of its shareholders was set to vote against the 72p-a-share cash offer from CSG International. Investors are due to vote on the deal on November 3. Intec edged up 0.7 per cent to 72½p. |
Posted at 27/7/2010 06:56 by dk37 FT suggesting 75/80p from private equity and 100p from a trade buyer06:59 Intec Telecom Systems jumped 24.9 per cent to 69p after the software maker said it had received its second "highly preliminary" bid approach in just over two years. Analysts thought Intec was most likely to appeal to a trade buyer, with Numis Securities naming Oracle as a potential bidder. A software multinational could strip out costs and pay as much as 100p a share, while private equity could afford only 75p-80p, it said. It added: "With the price currently at the bottom end of this range we think investors should sit tight and hope for trade buyers or a competitive process." |
Posted at 27/5/2010 15:08 by easy going May 21st LONDON (SHARECAST) - Panmure Gordon has revised down its 2010 earnings forecasts for Intec since meeting with the management of the company this week but was sufficiently impressed with management's decision to reconfigure the business to upgrade the shares from 'sell' to 'hold'. "Pleasingly, management was in confident/upbeat form and has a better view on its go forward strategy," Panmure analyst George O'Connor said. "Overall the message Intec Telecom left us with was that it was late into an industry-wide downturn; we remain concerned about the competitive and pricing outlook. In addition there was news of a new strategic partnership with CSC which was inked mid-April. This addresses one of our long-term gripes we want Intec to widen its channel reach, enable partners to do more implementation and so improve operational leverage," O'Connor added. News that the company is contemplating paying a special dividend later this year will doubtless please existing Intec shareholders but the broker still feel there is not enough news to encourage fresh buying interest. "Investors see a 'bid' as the next catalyst for the shares but restructuring may well defer suitors," O'Connor concludes. |
Posted at 31/3/2010 21:25 by andyc100 Intec Telecom shares dive on profit warningBy Philip Stafford Published: March 31 2010 17:16 | Last updated: March 31 2010 17:55 Analysts said Intec Telecom Systems could be vulnerable to a takeover bid after the telecommunications billing software group issued a profit warning that wiped almost 40 per cent off the value of its shares. The group blamed aggressive price competition in emerging markets, particularly from Subex, an Indian-based competitor, for missing first-half revenue forecasts by 10-15 per cent. Some analysts on Wednesday questioned the guidance given six weeks ago by the management team of Andrew Taylor, chief executive, and Robin Taylor, finance director. "We had the impression that there was less than £5m of revenue at risk in the first half, so we are a little surprised at the scale of this," said David Toms, an analyst at Numis Securities. "We suspect it will take some time to rebuild investor confidence." The duo had spent 18 months patching up investor faith in Intec after it was beset by profit warnings four years ago, taking shares to a nine-year high as it won contracts around the world from customers such as AT&T, Cable and Wireless, France Telecom and Verizon. Wednesday's warning pushed the shares down 35p, or 37 per cent, to 59½p. RBS, the group's broker, said the shortfall implied that revenue for the six months to March 30 fell from £80.3m a year ago to £69m, while underlying full-year profit would be about £16.1m compared with £29.3m last year. Ian Spence, an analyst at IS Research, pointed out that emerging markets had been a major part of Intec's growth strategy as European and North American sectors matured. "Is it as much of an opportunity as we thought? That's the big question now for them," Mr Spence said. Intec spent five months in 2008 rebuffing an approach from an unidentified third-party. General Atlantic, the group's largest shareholder, was understood to be holding out for more than 65p a share when Intec was valued at 50p a share. Mr Spence said that Intec had been linked with a bid from US business software groups Oracle and Convergys Corporation. "Intec is always on people's screens and this will flag it up again," he said. Intec said that there had been further deferrals on several contracts from customers in the Europe, Middle East and Africa regions. It said it planned to further cut costs and hire sales staff. |
Posted at 31/3/2010 06:45 by caradog Poor performance in Europe not really a surprise, but up to a 15% shortfall in annual revenues certainly is. Words like "increased competition" and "pricing pressure" are going to rattle a lot of investors. Still, a lot of cash in the bank and good prospects of a quick recovery once the macroeconomic dawn arrives. I shall be holding on for better times. |
Posted at 03/3/2010 08:25 by caradog Surely the ONLY shares you should be holding are the ones whose cost, in your opinion, does not reflect their value. I have used the dividend to buy more, in the belief that the company will persuade other investors that it is worth more than this. They are only likely to do this with a good set of figures so, barring surprises, we have a few months to wait for any substantial revaluation. |
Posted at 17/2/2010 20:47 by colinhy UBS and Singer Capital Markets are keeping the faith with business support systems provider Intec Telecom Systems after the shares were hammered yesterday.The shares were sold off in response to some cautious comments about trading in the Europe, Middle East and Africa (EMEA) region. With the shares trading on 13 times 12-month forward consensus earnings, UBS regards the investment case as 'compelling' while the current price is 'an attractive entry point,' though cautious investors might want to wait until the interim results are published before diving in. UBS has a 12-month price target for Intec of 146p, making it more optimistic than Singer, which has a target price of 129p. Singer thinks the selling has been overdone and does not believes Intec has seen any cancellations in EMEA, just genuine delays in order placement. 'We view management at Intec as reasonably cautious, but more importantly, adept at managing its cost base for changes in sales momentum,' Singer analyst Tintin Stormont opines. Stormont notes that last year's interim management statement (IMS) was also cagey, yet by the end of 2009 earnings per share came in at 6.5p versus market expectations at the time of the February IMS of 3.0p-3.5p. 'Whilst we are not suggesting this kind of upside exists this year, investors should be aware of the group's track record,' Stormont suggest. Echoing a view also held by UBS, Singer sees the possibility of Intec being taken out by a bigger competitor, hypothesising that 'it is a very attractive take-out candidate for the likes of Oracle.' |
Posted at 20/1/2010 00:36 by caradog The Financial Times says this tonight:Intec Telecom Systems , which specialises in billing software, was in demand again on Tuesday as investors continued to digest a recent "buy" recommendation from Altium Securities. The broker said, setting a 145p target price: "The proliferation of smartphones and mobile devices is only likely to increase over the next few years, creating huge headaches for mobile networks but broad smiles for telecom software vendors such as Intec". |
Posted at 06/12/2009 12:01 by dk37 This was posted on the iii board last Thursday ... may be a reasonable explanation but time will tell.This is an interesting situation. It seems clear that some sort of approach to Intec has been made; but what to make of General Atlantics sale. It is not unusual for a large shareholder to encourage a potential bidder to go public by offering them an incentive and some protection by selling part of a holding at the market price in order to secure the bid premium on the balance. I cannot find the transaction on either the ADVFN or the Stock Exchange site however the size of the transaction allows for a time delay in posting. UBS are the buyer but we do not know for whom, their own book - seems unlikely - so for a client, but who, a long term investor or a potential bidder. Either way this stock is not expensive so holding does not seem a risky strategy and buying hardly a foolish idea. |
Posted at 01/12/2009 08:13 by easy going Intersting article in the mail yesterday, might see these rumours push the price back up a bit. EG-------------------- MARKET REPORT: Intec is back on investors' radar By Geoff Foster Last updated at 10:16 PM on 30th November 2009 Comments (0) Add to My Stories Eighteen months ago Oracle, the world's largest enterprise software company, had a good look at Intec Telecom Systems and then walked away. The Woking-based telecoms billing software group still has international admirers. One in particular, which resides in Cincinnati, apparently recently made a 'friendly' takeover approach at a significant premium to the prevailing market price but was sent away by ITS's board with a flea in its ear. It is now considering whether or not to go hostile. Intec rose 21/4p to 1023/4p on hot gossip that Convergys Corporation, which provides customer care, human resources and billing services, will not take no for an answer and will soon launch a £430m or 140p-a-share cash bid. Private equity firm General Atlantic Partners holds the aces, being Intec's largest shareholder with 25pc. Intec has been transformed over the past 18 months from a globally recognised but underperforming business to a world leader in its field. Earlier this year it received two 'multi-million' dollar contracts from existing customers in the Europe, Middle East and African regions. Last month it reported sparkling annual results which moved Investec to upgrade its 2010 pre-tax profit forecasts by 2pc to £29.5m. The broker's target price is 135p |
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