Integrafin Share Discussion Threads

[mike_f] 08/8/2011 21:27

Intellego Holdings Plc

In its final results for the year ended 31 March 2011, announced that revenues dropped to £1.6 million from £1.9 million recorded in the previous year.

Profit after tax stood at £0.1 million, compared to a loss of £1.0 million. Basic and diluted earnings per share stood at 0.05p, compared to a loss of 0.58p.

It has made significant changes and without its employees support it would not have made the positive progress that it has so far. The company looks forward to making further significant steps over the next eight months and beyond. It is setting in place the foundations on which it can become a substantial player in the digital learning market-place.

[mike_f] 08/8/2011 20:43

Shame the market was so bad again today. Fantastic results and a massive turnaround for this company in the last year. I fully expect this to rise back to the .4-.5p levels when the markets start coming back. Cheap as chips atm

[moreforus] 08/8/2011 08:49

1.9 mill buy

[moreforus] 08/8/2011 08:40

footsie has reversed up from 100 points gap down...

yep a little bit of confidence in the market will have a disproportionately high impact on prices...

this is mad

EPS 0.05p for year gone..sp 0.20p.. should be 0.50p..and we've just been told this year is better than last!

[mike_f] 08/8/2011 08:16

Yes but look at the market in general, on my L2 screen this is the only blue today, I can see a huge correction once the markets sort themselves out or if buying pushes through today. I think this company has shown that it will grow and grow now. Any buys today will see a huge profit in the future. No doubt.

[moreforus] 08/8/2011 08:12

not really Mike - i just got some for probably 50-100% less than i should be paying...

[mike_f] 08/8/2011 08:11

991,916 buy just came in, that's a little better ;)

[mike_f] 08/8/2011 08:08

The future looks very bright here. Just a shame the results were released on a bad day market wise!

[moreforus] 08/8/2011 08:04

i bought some...slight move up!!

p/e of 4 and already this year is ahead of that...

[mike_f] 08/8/2011 08:02

Tick up .22-.25p

[mike_f] 08/8/2011 08:01

.21p to buy!

[moreforus] 08/8/2011 07:51

marab..if you have some cash given the results and the fact this has not yet been marked up it has to be a very low risk buy with a 6 month time horizon to the interims..

that maiden profit is net ..not an operating profit..its after interest, depreciation, tax etc...

thats a net EPS on 0.05p vs 0.2p stock price so a real p/e of 4 and the new year is already underway and they;ve given guidance that will be ahead of the last...so profit should be more than EPS of 0.05p...

[mike_f] 08/8/2011 07:45

I know more4, no-one believed me when I mentioned buying in advance lol

[marab] 08/8/2011 07:43

It will be very interesting to see what happens here today against such a bad market. Nice stock to hang onto anyway for the long term looks like they are finally getting there.

[moreforus] 08/8/2011 07:41

p/e of 4 was LAST YEAR

"Current Trading

The Board expects the Intellego business to trade in the current financial year
considerably ahead of last


its the outlook

no mark up..so if you want to buy....

[mike_f] 08/8/2011 07:36

Fantastic results as I expected, what a major turnaround from last year! I expect to see a good rise today even in this current market. Could be the only blue in the pf! Shows what huge progress the company has made in such a short space of time.

[moreforus] 08/8/2011 07:15

well done Mike F..look at those results!!!!

maiden profit

EPS 0.5p current price 0.2p...p/e of 4of last year

STUNNING!!

Final Results
print


TIDMIHP

For immediate release
8 August 2011

Intellego Holdings Plc ("Intellego" or "the Company")
Financial statements for the year ended 31 March 2011

The Company today announces that its audited financial statements for the year
ended 31 March 2011, extracts from which are set out below, are being posted to
shareholders, and will be available on the websitewww.intellego.co.uk

Chairman's Statement

Overview

Intellego Holdings plc ("Intellego") saw positive changes in its position during
the year under review, as the business turn-around realised key milestones,
making its first ever profit of GBP146,000, improving gross margins to 71% and
reducing current liabilities by GBP974,000.

Results for the year

In the first quarter of the year we sold the main learning management system
customer base to NetDimensions which resulted in us generating cash to:
* reduce our creditor backlog materially and
* finance the transition from being a software distributor to a digital
content creator.


At the beginning of the second quarter we agreed Company Voluntary Arrangements
(CVAs) for Intellego Holdings Plc and its subsidiary Intellego Group Limited.
These agreements both strengthened the balance sheet.

In parallel we have refocused and are investing in the business. This has
included developing new products, updating our existing portfolio and the
recruitment of new people and advisers. These changes have already started to
impact the business and are beginning to make the step-change in contribution we
aim to achieve. Much of that benefit will be felt in the current and subsequent
years. But as we can see from the 2011 results we are already making progress.

There are several measurements and indicators which demonstrate our progress
cementing Intellego's turnaround and growth prospects:

* Improvement in financial performance of each segment of the business - this
is due to structured day to day management, reduction of costs, and focusing
the team on putting in place processes that achieve higher margins.
* The company showed its first ever net profit of GBP146,000 (2010 loss
GBP1,043,000)
* Gross margin improved by 27% to 71% (2010 44%)
* Sales increasing 8% to GBP2,006,000 (2010 GBP1,853,000)
* Current liabilities fell by GBP974,000 to GBP809,000 (2010 GBP1,783,000)

* Intellego continues to build closer relationships with its customers. This
is generating more repeat business and larger sales per client. All our
key customers increased their spend with Intellego, some by more than 50%
compared with the previous year.

* Attraction of high quality people and advisers to join us and work with us
to help us execute our growth strategy.

* Three awards were won for our client work ("brilliant mixed media e-learning
solution.")

* We executed our first 100% share based acquisition in April 2011 when
PIXELearning (PIXEL) was acquired.


I am pleased to report that the changes initiated in the first six months of
2010 have enabled the Company to show a profit for the year and significant
improvement across all divisions of the business.

We continue to recruit talented people with industry experience and to improve
the calibre, and quality of the executive management team and advisors
supporting us. Our results show the positive impact that this team is now
having on our business.

The implementation of our business development strategy is designed to generate
significant growth organically and by acquisition and to sustain a highly
profitable business model, generating shareholder value over the short, medium
and long terms.

Our vision is to be a substantial player in the digital learning market-place
supplying digitally published products and services to this high growth market.
We will be developing this capability by leveraging the Company's existing
strengths - delivering content solutions to blue chip customers in the
pharmaceutical, retail and financial industries - and by opening up new markets
via channel partner relationships.

Intellego's goal is to grow significantly organically and by strategic
acquisitions.

Post balance sheet events

On 28 April 2011 Intellego acquired PIXELearning Ltd. PIXEL is an established
player in the use of serious gaming as a learning medium and has published
several immersive simulation games on a range of topics such as Finance,
Marketing and Leadership. PIXEL sells into continental Europe and North America
and has accumulated a blue chip customer base. We will be introducing Intellego
customers to take advantage of the growing gamification market. The management
and shareholders of Pixel had several options open to them but decided to join
Intellego as equity partners with a shared vision for the future.

At the time of the acquisition Andy Hasoon joined the Board of Intellego
bringing his twenty years experience in the learning industry. Andy has built
and managed three digital learning companies, which were sold successfully.

The CVA for Intellego Holdings plc was completed on 6 June 2011 satisfying all
the pre-CVA liabilities for Intellego Holdings plc. The original trading
subsidiary, Intellego Group Limited, which has no prospect of maintaining its
CVA payments from its own business, will be wound up. The result of the winding
up is expected to reduce external liabilities by GBP623,000. This would have
created positive net assets in the group at the year-end of GBP247,000.

On 2 August 2011 Intellego raised additional funds of GBP300,000 through a placing
of new shares. This funding further strengthens the Company's balance sheet,
enabling it to accelerate its research & development plans and corporate merger
& acquisition strategies.


Current Trading

The Board expects the Intellego business to trade in the current financial year
considerably ahead of last year. The sales force is currently concentrating on
converting several major sales opportunities.

We continue to recruit commercial and experienced people to develop our
published content business. We are upgrading existing products. and focusing
our efforts on products which generate the highest margin revenues.

New channels to market are being developed, through joint venture partnerships,
strategic alliances and off-shore distribution arrangements.

The team will focus on both licensing premier quality, scalable products and
signing distributors capable of selling actively into target markets.

Outlook

Firstly, I would like to thank all our shareholders for their support during the
year and to acknowledge the contribution of all our employees to the business.

We have made significant changes and without their support we would not have
made the positive progress that we have so far.

We look forward to our Company making further significant steps over the next
eight months and beyond. We are setting in place the foundations on which we
can become a substantial player in the digital learning market-place.


For further information:

[mike_f] 05/8/2011 08:29

It is times like this when you are glad you are in a few illiquid shares lol, markets are screwed atm!

[moreforus] 04/8/2011 09:30

look at the buys!!!6 million so far!

[mike_f] 04/8/2011 08:03

No, it was a little out of the blue, would have thought the company would have waited to do any placing after results as the share price is likely to be much higher, maybe they will be informing us of the acquisition at the same time the results are released. As you say more4 not a bad discount either. Look forward to results now with hopefully more info on what or who the acquisition may be.

[moreforus] 04/8/2011 07:52

hmmm..placing for acquisition..not a bad discount to the current price but not what we expected!

[mike_f] 04/8/2011 07:45

PLACING TO RAISE £300,000

APPOINTMENT OF JOINT BROKER

The Board of Intellego, the AIM traded regulatory and compliance focused,
digital learning business, are pleased to announce that the Company has raised
£300,000 (before expenses) through the placing of 150,000,000 new ordinary
shares (the "Placing Shares") at 0.20p per share ("the Placing"). The Placing
has been arranged by Allenby Capital Limited ("Allenby Capital") and Rivington
Street Corporate Finance.

The net proceeds of the Placing will be used to continue the Company's
acquisition policy, which the Board started with the purchase of PIXELearning
Ltd announced in May 2011. The objectives of the acquisitions will be to grow
the scale of the business whilst acquiring IP, profits and generating
shareholder value.

The Placing is conditional on admission of the Placing Shares to trading on AIM
("Admission"). Application has been made to the London Stock Exchange for the
Placing Shares, which will rank pari passu with all existing ordinary shares, to
be admitted to trading on AIM. Admission is expected to become effective and
dealings to commence on or around 9 August 2011.

The Board is pleased to announce that Allenby Capital has been appointed as
joint broker to the Company. As part of the Placing, the Company has issued
Allenby Capital with warrants to subscribe for 2,907,233 new ordinary shares of
0.05p each in Intellego (the "Warrants"). The Warrants are exercisable at 0.20
pence per ordinary share for a period of 3 years from Admission.

Following Admission the number of shares in issue will be 581,446,682 Ordinary
shares of 0.05 pence per share. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest in,
the share capital of the Company under the Financial Services Authority's
Disclosure and Transparency Rules.

Looks like the company is stepping up the acquisition policy. PIXELearning looks to be a great addition from recent comments from the board so hopefully they make another good move with the proceeds.

[mike_f] 02/8/2011 23:35

Hi CR,

Yes, last results were released 9 months ago (Interims) and the last Final results were released on the 3rd September 2010. I have been informed that the results this year should be released earlier than last so I would have thought any time between now and the end of August! Looking at the interims, the maiden profit the company made and the fact the company had a sales pipeline with a value of £2.4 million I am expecting a good set to be released. ATB

[cockneyrebel] 02/8/2011 10:06

Hi Mike.

When were the last resultds from IHP and when are the next ones due? I've looked through the RNS's but there seems to be nothing since last Oct?

CR

[mike_f] 01/8/2011 08:02

Opened up this morning as we appear to be an MM short on L2!