Intec Telecom Systems Share Discussion Threads

[hamish123] 06/12/2009 11:40

Would a sale like that not normally hit the share price in a bigger way unless someone bought them.How is this viewed long term for ITL.One view is that a T/O isn't imminent otherwise why bail now or is it just a need for cash on the investment group front who have probably made a tidy sum here.

[redhill] 04/12/2009 20:08

I wonder who bought them as they haven't shown in the market trades.

[easy going] 04/12/2009 16:31

Lead investor cuts Intec stake
By Neil Hume

Published: December 3 2009 02:00 | Last updated: December 3 2009 02:00

Intec Telecom Systems was among the most heavily traded small-cap stocks yesterday after its biggest shareholder sold half its stake.

Shares in the maker of billing software eased 0.9 per cent to 108¼p as General Atlantic, a US investment group, sold 40m shares - or 13 per cent of the company - through UBS at 105p each.

Traders believe General Atlantic, which recently cut its stake in outsourcing group Xchanging, could sell its remaining 12 per cent Intec holding in the near future. Separately, US rival Convergys declined to comment on rumours that it recently made an unsuccessful bid for Intec. "Rumours and speculation only confirm the attractive nature of our industry," said Sajid Malhotra, senior vice-president, Corporate Strategy, at Convergys

[gunther1] 02/12/2009 11:24

Currently being discussed on FT Alphaville

[bigbigdave] 01/12/2009 18:33

Would have thought that any bid would need to be a bit more than 140p.

[colinhy] 01/12/2009 14:51

1 Dec 2009

As telecom wars hot up, Intec sees strong growth

Global business support systems (BSS) major Intec Telecom Systems is expecting strong growth in India and South Asia, riding on the opportunities opening up in the wake of an intense competition between telecom operators.


Intec, which had reported a 24 per cent increase in revenues for the year ended September 30, 2009 over that of the previous year, is bullish on the prospects for the current fiscal and foresees a strong growth in the India-South Asia region, company VP for India and South Asia, Bikram Singh Bedi told ET.

Mr Bedi said that all three verticals were showing robust growth and that the company planned to up its headcount in the India-South Asia region during this fiscal, and that there were plans for additional investment in the region.

[truffle] 01/12/2009 08:34

Thanks, as missed the article.
Also buoying the price no doubt is the possibility of getting promoted to the FTSE 250 next week, unless I am mistaken.

[easy going] 01/12/2009 08:13

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

[bigbigdave] 30/11/2009 15:57

Looking alot better today, next leg up here imo.

[colinhy] 26/11/2009 21:00

26 November 2009

Greencore upgrades Intec Telecom to buy from hold with an 118p target





Jefferies initiates coverage of Intec Telecom with a buy and 130p target

[colinhy] 26/11/2009 11:02

Intec Telecom Systems upgraded to buy from hold at Panmure Gordon

ADVFN competitor.com/action/news/showArticle?id=3729023

[tillman] 26/11/2009 10:13

hindsight posters always bring a smile to my face!

...next up will be the Naked Trader who will say he bought another 10000 at 98 yesterday.

:-)

[gibbyni] 26/11/2009 10:02

I got knocked out of this at 109p in a tree shake a few weeks ago but got back in again at 98p yesterday so well happy

[cockneyrebel] 26/11/2009 08:36

galloping back up

CR

[cockneyrebel] 26/11/2009 08:27

Gonna be a point when these fly again before long imo - just a question of will you be holding when it happens or watching, if you're a trader.

CR

[doolittle] 26/11/2009 08:15

Bounced off the 90 MA

[cockneyrebel] 26/11/2009 07:55

just beat me to it edcrane.

CR

[edcrane] 26/11/2009 07:41

Jeffries initiates coverage of ITL with a "BUY" rating and 130p price target, representing upside of 34% from current levels

[melody9999] 25/11/2009 23:45

Well some one is selling but I really don't get it. Great results. So just sit this out - I cannot see any reason to sell.

[ukinvestor220] 25/11/2009 16:54

Mcap 300m @ 97p PBT 24.7 Cash 75m
300-75 = 225 / 24.7 = 9.1 x last years earnings

sscope havent upgraded next yrs earnings yet

broker targets to 146p

[colinhy] 25/11/2009 16:45

Citywire, 25 November 2009

UBS upgrades a buy for Intec Telecom, raising target to 146p from 140p

[frogulike] 25/11/2009 16:25

Drop due to selling?.

Where now?