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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 |
| Top Posts |
|---|
Posted at 18/6/2010 13:56 by interceptor2 View from Investors Chronicle.........If you followed our buy advice six months ago (16p, 18 November 2009), you will have doubled your money. Teledyne's bid looks a tad on the low side even though it has acceptances or undertakings to accept from shareholders holding 25.6 per cent of the shares. Sit tight. |
Posted at 18/6/2010 10:30 by interceptor2 Yes I noticed INN also, unfortunately not a holder but well done.It looks like acquisition activity is increasing strongly now, with a strong dollar American companies are taking advantage of some abnormal low valuations with UK small cap companies. Either valuations increase here as investors notice this opportunity or many more companies will be taken over. Not great for UK PLC, but a great opportunity for us investor in the short term imv. Back to work now, looking for more undervalued companies. Good luck....... |
Posted at 16/6/2010 09:08 by davidosh DB the chairman is linked to R&I so obvious why they would give approval albeit conditional. Apart from that it is still wide open and there appear to be good sized private investors who I presume have close knowledge of the company. I will speak to Schroders to see if I can gain their thoughts. |
Posted at 09/6/2010 14:21 by davidosh nickcduk,I met the directors this morning and they do not appear anything like those we had at TND. I did say to them that they need to raise the profile now and get out to see private investors who are likely to be the lifeblood for smaller AIM stocks in particular. I shall be trying to get them along to one of our investor dinners in the next few months. The AGM is Friday 17th September and they will certainly know how the first half is panning out by then. They looked at a number of possible acquisitions but only very early stage talks and most were in the US. |
Posted at 15/7/2009 09:18 by investinggarden Speculative Buy rating from Growth Company Investor |
Posted at 27/6/2009 15:36 by dealit posted this from yahoo financel site:-Solid Value In A Growing Techie By David Holding Good value, steadily improving performance and a reasonably healthy dividend stream are rare facets for most companies. This is particularly so in today's difficult economic environment and even more so when applied to tech stocks. AIM-listed tiddler Intelek (LSE: ITK.L - news) (LSE: ITK) ticks all these boxes. Intelek is a group of companies which designs and manufactures electronic systems for satellite and microwave communication and is a specialist manufacturer for the aerospace market. A quick glance at the company's final results for the year to the end of March 2009 show sales up 9% to £39.3m, underlying profit before tax up 23% to £4.1m, and earnings per share up 19% at 3.32p though the figures were flattered a little by favourable exchange rate movements. Strangely, though, the market didn't seem to like the results and the shares have fallen slightly to 15p, valuing Intelek at a miserly £13.1m, and placing the shares on a price-to-earnings ratio (PER) of 4.5. Why the low valuation? This is clearly too low. Perhaps, then the problem lies in balance sheet weakness? But no, not a bit of it. Intelek has a net asset value of over £18m, net tangible assets of £3.1m, and overall net debt of £3.8m. Cash isn't a problem either; a healthy £3.2m was generated from operations. OK, this isn't deep value territory on the balance sheet, but it's certainly not as weak as the rating suggests either. And £6m of the overall debt figure is for the pension scheme. Exactly how concerned you are about this aspect of the balance sheet will depend on your outlook. Anyway, the company was feeling confident enough to increase its full year dividend to 0.465p representing a reasonably healthy yield of 3.1%. Looking forward Looking forward, Intelek's management expect a resilient year and expect profits to come in somewhere around the same as last year as things will be slightly held back by the aerospace division due to the small business jet market. The company expects the first half to be below last year's but the second to be stronger. Perhaps it was this aspect of the results that depressed the valuation a little, or maybe investors see Intelek as one of those "perma-value" type situations that takes an age to do anything. Personally, I like to take a longer term view, looking in both directions. Historically, Intelek has an excellent track record of steadily improving profits despite economic woes from time to time. And looking further forward than the current year, the company looks well placed to build on its core strengths in satellite communications. Two of its companies, CML and Labtech are based in the UK whilst Paradise Datacom has sales, design and manufacturing facilities in both the UK and the USA. It's the latter that accounts for almost half of all sales and the bulk of profits and it's probably in this area that the future excitement will come. Future growth Intelek has high hopes for both Labtech and Paradise Datacom, but is realistic about the need for patience before seeing growth in the current economic climate. Commercial contracts will be harder to come by for Paradise Datacom for a while, but the company is optimistic about winning contracts on government programmes where funding is increasing, saying: "We are currently bidding on an extensive range of programmes of considerable value." It already has in place a number of "significant" government product replacement programmes which will benefit the subsidiary for the next two to three years. Intelek will also look to supplement its own growth with acquisitions within its area of expertise. I think Intelek is a share to keep for the long term once bought. It's certainly one for the more patient investors amongst us as it could take time to come good. But it certainly looks far too lowly rated given its track record and future potential. Any recovery in markets improves that potential still further, but even without it, Intelek still looks too cheap. The chart reveals that the shares were 23p last June. That would seem to be a fairer price and even that isn't too demanding -- but if achieved would reward investors today with a better than 50% return. |
Posted at 02/1/2009 23:24 by thickasmince Someone else likes it. Sorry, for some reason the link wasn't linking so cut and pasted the whole caboodle, if that makes any sense.Buy Intelek at 16.5p A tip from SmallCapShares.co.uk We first tipped Intelek in the April 2006 newsletter at a price of 12.5p. Since then the shares have been on a bumpy ride, rising to 23.5p by July 2007 but coming back down to earth on the back of the small cap sell off. At the current price of 16.5p we are still up on our original tip but given progress that the company has made in recent months we believe that Intelek is worth looking at in detail once again. THE BUSINESS ▼ The company operates through three divisions. Acquired in February 2001 and now the largest division of the group by revenues is Paradise Datacom. The division is a leading designer and manufacturer of satellite communication equipment, including modems, amplifiers and other equipment which enable satellite data to be transmitted and processed. The company has manufacturing plants both in the US and the UK and through the opening of an office in Bangkok, Thailand in April this year and a sales and engineering services office in Beijing, China, it now has a foothold in the rapidly growing Asian markets. Its main customers include government organisations, telecoms firms and oil and gas operators. Following recent consolidation in the industry Paradise is now the second biggest market player. Sponsored by Blue Index How do I take advantage of this market volatility? Blue Index is the multi award winning CFD broker providing professional phone trading and industry leading online trading software, service and support. Click here to download our Free guide to CFD Trading, your Free Research Trial and Trading Simulator CML, is the second largest division by revenues. It manufactures structures and system components for the aerospace industry, with its largest customer being aircraft manufacturer Airbus, with which it has over two years to run on a supply contract worth an estimated £5 million per annum. Within CML there are four divisions which are based in Birkenhead, Merseyside. Precision machining specialises in the manufacture of aircraft components using aluminium and hard metals. Composites focuses on the manufacture and repair of carbon fibre and glass components and assemblies. Fabrication manufactures fuselage and other products for new build and spare parts requirements. Finally, Treatments provides surface treatments to both in house and external customers. Finally, the smallest division by revenues Labtech, a business which was originally acquired in 1990. Labtech is a manufacturer of high-end microwave components and microwave circuit board which are mainly used in the defence and telecoms markets and space systems. Main customers include Ericsson, BAe Systems and Alcatel, as well as the Paradise Datacom division. The company currently has two manufacturing divisions based in the UK: Labtech Microwave, located in Milton Keynes and Labtech Circuits, based in Wales. Trading in the division has been volatile in recent times, especially in the 2007 financial when the company lost two large telecoms customers. However, a repositioning towards the buoyant defence markets has recently put it back on track. Discover 10 ways ShareScope users stay ahead of the market CURRENT TRADING ▼ Intelek saw revenues rise by 8% to £18.8 million in the six months to September 2008. As well as seeing strong underlying sales growth the numbers were given a £0.3 million boost from the strengthening US dollar. An improvement in the underlying operating margin from 10% to 13% helped underlying operating profits to grow by 34% to £2.37 million, with underlying profits at the pre-tax level up by 39% to £2.05 million. These were ahead of management's original expectations for the year. Underlying earnings grew by 43% to 1.64p and this funded a 10% hike in the interim dividend to 0.165p. Intelek ended the period with a strong order book and good potential pipeline in each of its divisions. Net cash from operating activities was just under £1 million for the period, up from the £101,000 generated in the first half of the previous financial year. The net debt position stood at £3.81 million at the end of September, down marginally on the £3.86 million seen at the end of March and down from £5.65 million a year prior. Interest cover rose from 7.6 times to 15.4 times. The pension deficit was further reduced to £4.8 million by the end of September. *The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Investments in smaller company shares, by their nature, can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. OPPORTUNITIES & RISKS ▼ Paradise Datacom in particular has excellent growth prospects. Industry experts, Futron Corporation, estimates that demand for global commercial satellite services will double in the next decade on the back of growth in demand for broadband, VoIP, high definition television and other services. With the growth in infrastructure required to meet the demand for these services, as well as other uses such as military, we believe that Paradise Datacom looks well placed to take advantage. With the recent merger of the number one and previous number two businesses in the industry, Radyne and Comtech, Paradise could potentially win new business from those customers who have demonstrated concerns about the merger, as well as from the many companies which will have to look for products outside of the merged company due to having a multi-sourcing strategy. In addition, with the majority of revenues in the division (and the company) denominated in US dollars Intelek looks set to benefit from the recent strengthening of the currency. In terms of the risks the net debt is not a major problem as net finance costs are comfortable covered by both profits and cashflow. More of a worry is the pension deficit, which at £4.8 million is rather high for a company of Intelek's size. However, good progress has been made in reducing this in recent years. Since March 2005 the obligation has fallen from £12.9 million. The liability does remain on the books however and with the recent stock market falls is likely to have worsened since the half year end. ASSESSMENT ▼ The positive interim results have set up Intelek to put in a very strong performance for the full year. For the 12 months to March 2009 the company's recently appointed house broker expects revenues of £40.2 million, adjusted pre-tax profits of £4.1 million and earnings of 3.3p per share. In 2010 revenues are set to grow to £42.9 million, pre-tax profits to £4.5 million and earnings to 3.6p. We note that the old house broker was estimating 3.3p of earnings for 2010, meaning that if the company meets its forecasts it will effectively be a year ahead of what was originally expected. On a 2010 price earnings multiple of 4.6 and PEG of 0.5 we believe that the pension and debt concerns are more than factored in to the current price. BUY. Key Data EPIC: ITK Market: AIM Spread: 16.25p - 16.5p (1.5%) Small Cap Shares serves up 3 hot tips a month and real time updates on its website on all stocks covered. Although we will recommend AIM listed shares our focus is on fully listed growth plays - ideal for building an ISA portfolio. For access to the latest tips at Small Cap Shares click here |
Posted at 12/6/2008 18:24 by jeff h wcb - well done on making the effort to do a write-up...think you being a bitmodest about calling it a short post. A 250k Buy went through today so that must help. Broker notes from Brewin Dolphin and also Redmayne Bentley are now on the company website:- Next up hopefully a good IC write-up. |
Posted at 23/4/2008 18:52 by bostonborn Its interesting how two companies I currently hold have put out good statements in the last two days yet nobody much has bothered to post any views apart from penpoint. I regard this as a bad sign for the economy, and may mean further falls are expected to share prices; hopefully we don't go into a technical recession. Looking around, petrol and food and energy prices are going up and house prices are starting to fall, which all adds up to more bad news on the way, for the nextfew months, (and a loss of interest in the share market by small investors). |
Posted at 26/10/2007 10:49 by emergin 26th October 2007. Meeting of shareclubuk.co.uk Investor - Members to review Intelek plc (ITK-AIM) club notes.. 16th October 2007.Swedish IP header compression Effnet AB, a subsidiary of Effnet Holding AB, said on Tuesday (16 October) that it has signed a licence agreement with the UK-based satellite communication equipment and solutions supplier Paradise Datacom Ltd, part of Intelek Plc. 14th September 2007. AGM trading update Paradise Datecom, will also benefit from delivery of half of the $1.5m China modem contract Their second half year should also start positively following the recent award of a $0.9 million order as the first tranche of a $1.2 million modem programme for a Government customer. CML continues to benefit from the strength of its programmes, particularly the A320 and the Hawker Beechcraft corporate jet, and after five months is comfortably ahead of the same period last year. Further progress has been made in their strategy of increasing the diversity of their aerospace programmes. Labtech has responded well to the actions taken at the turn of the year. Expectations for the half year are still at the breakeven level (2006: operating loss of £0.3m) on lower sales with improved trading in the second half. Order inflow was 49% ahead of sales in the first five months. It is particularly pleasing to note Labtech's success in winning £1.3m of orders for assembled and tested microwave circuit boards for European AESA (Active Electronically Scanned Array) radar manufacturers. These orders were announced in June 2007 and are an example of Labtech's progress towards more specialist higher value added circuit assembly and test. Club's notes. Paradise Datacom, CML and Labtech are all trading positively with strong order inflow. Intelek's share price is holding steady and the club is showing a proven 18.44% profit. At this stage I can't see any reason to change anything about the company, as it's trading solid new business wins which will drive Intelek in the right direction. So I will take advantage of the situation as the share price is trading at a discounted rate. |
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