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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intelek | ITK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 31.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.50 | 31.50 |
| Top Posts |
|---|
Posted at 21/7/2013 21:36 by interceptor2 Company Check SheetMandatory Prefer PER below 20. PEG below 0.7 Future 2 years growth rate = +15% Net Cash ,(Gearing 30% max), Net debt to Equity below 50% Cash flow per share in excess of EPS in last report and each of last 5 years. Each of the past 5 years must be profitable. Last 2 years and the next 2 forecast years must show growth at plus 15%. Plus free cash flow after deducting Capex and Dividends High relative strength in previous 3 & 12 months. No selling by clusters of Directors Desirable Cluster of Directors buying shares. Market Cap between 20 to 250 million. Break out from a previous base Dividend Bonus Like to buy when share is moving up. Like to buy when market is moving up. High relative strength in previous 1 month Something new. New management. New technology or new products. New events in an industry including legislation. New acquisitions. New high price |
Posted at 11/8/2010 09:56 by theglade Good bye ITK |
Posted at 16/6/2010 09:54 by pentangle Nice to see patience rewarded as Jeff H says. Looking back I started buying into ITK in January 2007 and its been like watching paint dry as they have gone nowhere in three and a half years. However, it is my biggest holding and I have about 1.7% of the company so a good day on balance. However, intrinsically I could see these a lot higher than 32p a few years down the line had they not gone for this offer. |
Posted at 16/6/2010 08:16 by nickcduk regandjess - The deal has not been done. They don't have a large number of irrevocable acceptances. A competing bid at 35p or higher means they have less than 5%.Just checked my records and I found that I purchased all my shares in 2007. That is a very long wait for a return. Had they not had this offer it wouldn't have surprised me if the shares were still trading around 17p a few years from now. ITK and TND are both shares I have held where pension issues negate nearly all the earnings. Its something I am very wary of going forward and why I haven't been keen on increasing my stake since 2007. |
Posted at 12/6/2010 00:19 by interceptor2 From Hoodless BrennanIntelek (ITK, 14.75p, £12.89m) Intelek (ITK, 14.75p, £12.89m) Finals to March 2010 saw revenues of £37.7m (£39.3m) with underlying PBT of £3.9m (£4.1m) withy 3.12p (3.32p) EPS, a maintained DPS at 0.465p and net debt down to £1.6m (£3.8m). The year saw significant growth in the US sales (£7.2m to £12.5m), primarily to the government and military, helping offset reduction in Europe, Asia and Africa. Paradise Datacom had a successful year with its satellite and amplifier business seeing a particularly healthy take-up of a bandwidth saving modem which achieved $2m of sales in H2. Labtech microwave is seeing growth, aided by phased array radar and air traffic control markets, and this year will see a further boost from new products though a delay in a major order will depress H1. CML, the aerostructures business, suffered from the decline in the corporate jet market, only partially offset by military sales. Net debt reduced partially due to reduced working capital. The group expects to "return to return to sales growth while increasing investment in our facilities and product development as we prepare for growth in the years ahead" suggesting underlying PBT may be more muted than the revenue increase. With forecasts around £4.1m achievable, albeit H2 weighted, the group would generate some 3.4p EPS, putting the group on a 4.3x PER, too low and we maintain the BUY with a 20p price target. Recommendation: BUY |
Posted at 09/6/2010 08:37 by nickcduk David,ITK management are very unresponsive to shareholders. Ive tried to contact them previously but they don't field calls. A bit like TND really. Our only hope is for one day to see a bidder turn up on the doorstep and make an offer. By retaining the current company structure it does put potential bidders off. Maybe that is their aim. |
Posted at 09/6/2010 08:30 by jeff h Yes nick an excellent set of results with only the dividend being held rather than increased being disappointing given the trading performance and outlook.Can only think the held dividend is due to some plans they have with their "various corporate activities which did not come to fruition" charge of £0.2m Cash needed for an acquisition on the horizon?...or paying down the pension liabilities via another transfer project?...or something else? $ rate continuing to move in company's favour and with less dollar debt means an even bigger exchange gain if current rates hold for the current year. |
Posted at 09/6/2010 08:24 by royaloak In this market they will not be immune from the downturn, but they are already at a massive discount to where they should be so bought a few. Content to buy the likes of these for the long term portfolio, add to the likes of JQV another value stock paying a dividend. |
Posted at 08/4/2010 08:29 by interceptor2 From Hoodless Brennan yesterday...........Intelek (ITK, 14.75p, £12.89m) Intelek (ITK, 14.75p, £12.89m) Trading statement for the year ending March 2010 highlights better performance in government and defence businesses leading to result slightly ahead of management's expectations. Forecasts are likely to increase from some £3.3m to around £3.4m PBT for the year with 2.9p EPS putting the group on a 5.1x prospective PER. With the group benefitting from Sterling weakness we see some further progress in profits next year albeit with the risks associated with any form of government spend. We maintain our BUY stance with the 20p price target. Recommendation: BUY |
Posted at 07/4/2010 09:23 by interceptor2 Brought in today after the trading statement. I last owned shares in ITK in 2006 and made a small loss, so I hope my timing is better this time.Good to see continued strong performance from Paradise which has almost 50% of revenue, so this should underpin this years results nicely. And with the USA economy showing signs of stronger growth, it bodes well for Paradise. Shame that there has been no signs of recovery in commercial markets yet, but ITK seem well positioned to take advantage once we see the first pick up in this area. With PER of only 5.3 this year and under 5 for 2011, the risk/reward at this level is very appealing. Second time lucky????? |
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