Intelek Share Discussion Threads

[vikcom] 04/12/2006 21:14

also recent share purchase by the directors. they could sell the aerospace business, pay of the debt with probably cash left over.

[garymanse] 04/12/2006 20:20

Any idea what happened today - I make 9 million shares changing hands to be over a tenth of the capital. ADVFN shows these as a sell - I suspect there must also be a buyer for this volume....

[blueliner] 24/11/2006 15:25

Cluster buying by directors


nothing in value to get excited about but pointing in the right direction.

Strange, I very nearly threw in the towel on the AIM announcement
but instead put my shares in as security for a spot of leverage trading.
since then they've done better than the my trading.

[worrier] 23/11/2006 21:23

Thanks
expect to sell and repurchase
Not worried

[sharw] 23/11/2006 00:03

Lets be clear about this. You CANNOT hold AIM stocks in a PEP or ISA (but just to prove how arbitrary the rules are you can in a SIPP). There is a 30 day period of grace after admission of shares to AIM by the end of which you have to either sell them or transfer them out into your own name as WJCCGHCC rightly points out. Both actions, of course, generate fees for brokers, which is the whole point of the excercise (and the fees that you pay to your broker will be much less than that paid by ITK to theirs for all the advice and sponsorship - they have been taken for mugs and it is you and I that suffer).

[wjccghcc] 22/11/2006 22:19

I don't think you can hold AIM stocks in an ISA. My understanding is that you have one month after the move to AIM either to sell the stock in your ISA or transfer it out of your ISA but you should definitely check with your ISA provider.

[phoenix knight] 22/11/2006 22:17

Just to clarify; if possible check with your ISA provider about how they will or suggest how you handle the situation. You may also be able to send an email to ITK to find out what they advise, if anything. Note you may not be allowed to hold AIM companies in your ISA so possibly worst case scenario is that you leave it until the 14th and then your ITK are automatically sold. As for the spread at closing today it is about as good as you will get (0.25p difference), unless you see the price increasing by a large amount before the 14th. The MMs may try to trap people selling out of their ISAs and buying back by widening the spread towards the 14th. Of course you may not want to continue to hold ITK and just sell out in which case it becomes much easier!

[worrier] 22/11/2006 21:34

thanks PK, i may just let them ride in the ISA for a while, not too bothered about the tax breaks just not looking for a sale/repurchase at the moment and might wait for the spread to narrow further before actioning, although having just checked it at 1.9% it is not too bad.
Not worried

[phoenix knight] 22/11/2006 19:44

I would check with your ISA provider as soon as possible. As I understand it you can't get further tax breaks from holding AIM listed companies in an ISA - even if it is allowed to hold AIM listed companies.

[worrier] 22/11/2006 19:13

so now they move to AIM. for those of us with ITK in an ISA do we need to actually do anything?

[phoenix knight] 22/11/2006 11:33

Brewin Dolphin have upgraded their earnings forcast. They now have earnings per share for 2007 at 1.69p and for 2008 at 1.86p.

[strangeman] 16/11/2006 21:53

No, they gave up on them a long time ago.

[worrier] 16/11/2006 18:20

Are Techinvest still covering this in their updates?

[strangeman] 16/11/2006 13:46

Can't really see, given the performance over the last few years how having them in an ISA would have been of any particular benefit.

[mart] 16/11/2006 09:59

Typical, destroyed value in an ISA and lost out on a tidy increase. F......

[strangeman] 16/11/2006 09:36

Typical - sold a load a few weeks ago, and now for the first time since I originally bought in, they rise after results. Still be nice to see them get to Handycam's fair valur though ...

[handycam] 16/11/2006 09:32

Fair value 23pps, but nobody can see it.

[dpmcq] 16/11/2006 07:29

Results look promising -

HIGHLIGHTS:

* Turnover increased to #18.4m (2005: #16.8m)

* Order inflow substantially higher at #18.8m (2005: #16.3m)

* Headline profit increased by 25% to #1.02m (2005: #0.81m)

* Headline earnings per share increased by 29% to 0.80p per share
(2005: 0.62p)

* Following one-off gains from reducing the pension scheme deficit, the
profit before tax was #4.02m (2005: #0.81m)

* To reflect continued improvement in performance, increase in interim
dividend of 8% to 0.13p (2005: 0.12p)

* Move to AIM now approved

[phoenix knight] 14/11/2006 07:07

One other thing; there is no connection, that I currently know of, between the Chairman and Mr. Lewis, who has also been buying in.

[phoenix knight] 13/11/2006 17:28

It is probable that as far as the investment trust thing goes, it may be claimed that Bramwell is ring fenced from buying decisions by the trust. Although it is very suspicious.

As for the move to AIM I do think it is a good move, and in the interest of the company, for the medium/long term, whatever the politics behind it and whatever arguments that may be had about being in the position of having such a low market cap. So the company looses a few ISA/PEP holders. It will gain people who specifically invest in AIM because of CGT allowances, and can invest more than in an ISA/PEP. Plus it will be able to stand out more on AIM (well I hope so anyway).

I don't think it matters that they do not have an electronics expert on the main board, and it may well be a waste of a good person, who is being utilised elsewhere. I always got the feeling from Nigel Mills that he would have preferred not to have been on the board as an executive director. I am a believer in managers to manage and engineers to engineer. Not that there can't be any crossover at all though! Bramwell, of course, does have an engineering degree (not sure what type though) as well as his business doctorate.

Don't loose sight of the wood for the trees. Do you think ITK are undervalued? If yes then buy, if no then sell. Simple as that. Of course how you arrive at the valuation is another matter...

I look forward to an interesting set of results on Thursday, I am actually feeling a little negative about them, but will have to wait and see.

Phoenix

[diku] 08/11/2006 22:48

Insider trading...that's what I thought as well...

[sharw] 08/11/2006 19:08

There were another 2 'T' trades reported today, both for 1m shares at 11.5p. This does not surprise me as the vast number of trades are obviously small holders baling out at 11.5 and without a large buyer in the market the price would otherwise have collapsed.

This does raise some questions about the role of the Chairman who is also Deputy Chairman of the purchaser. Is he using RIIT to prop up the ITK share price? Did he encourage the move to AIM knowing that all the PEP/ISA holders would have to dump their shares providing his IT with a buying opportunity? Given that results are just 8 days away does this not amount to illegal insider trading?

[dpmcq] 08/11/2006 16:34

The trades shown on the 7th suggest that these shares were bought at bid price.
They then show up as sells in Advfn trades screen.




RNS Number:7747L
Intelek Plc
08 November 2006



Intelek plc

Holding in the Company

In accordance with sections 198-202 of the Companies Act 1985 (as amended),
Intelek plc ("the Company") today received notification that, as a result of
purchases on 7 November 2006 of 1,000,000 ordinary shares in the Company by
Discretionary Unit Fund and 1,200,000 ordinary shares by Rights and Issues
Investment Trust Plc, the interests of Discretionary Unit Fund Managers Limited
and Rights & Issues Investment Trust Plc are now as follows:

Shares held Percentage of shares
in issue

Discretionary Unit Fund 4,725,000 5.41

Rights & Issues Investment Trust Plc 11,300,000 12.93

TOTAL 16,025,000 18.34


These holdings are registered through HSBC Global Custody Nominee (UK) Limited


This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLAKFKPPBDDCDK

[schober] 25/10/2006 14:11

hmmmm......one of the reasons i dislike uk smalll cap stocks (i hold itk in an isa}
if this were a canadian stock then there would be no pproblem - venture exchange stocks tsx (tier 1&2) are isable
whats more with a tdwaterhuse account i could enter an order to buy on the bid 11p rather than accept the offer of 11.75; and thares no stamp duty
why bother with uk small caps or aim i ask