Intelligent Environments Share Discussion Threads

[waspfactory] 15/3/2021 12:43

All ex holders of IEN, please beware of a scam by a company called White Rock Capital Partners. They tell you that you still own a quantity of script dividend shares and you need to sign a non-disclosure agreement. After sending the agreement they will contact you again and the scam gradually becomes apparent when they inform you that you need to send funds up front to be able to get the bid price per share from the mystery buyer.

[cockney sparrow] 11/1/2011 17:05

harrytrad3 How much did you lose in this?

[robson1974] 22/7/2010 22:10

It always seemed ridiculous to be going into Mobile Banking this late in the day when there is already a clear leader which has a Global Strategic Partnership with VISA i.e. Monitise (MONI)

What were they thinking !

[tewmax] 16/7/2010 17:57

For information Documetric is a profitable cash generative business . It does have debt but this is covered by Freehold properties which include a data center.This information is included in the cirular sent to all shareholders and is on the i.e web site .

[harrytrad3] 13/7/2010 08:42

Yes Kruger. But I dont suppose it will alter things even if you do too!

[kruger2004] 06/7/2010 12:50

you can vote against

[darias] 06/7/2010 10:31

I do know that with t/over of around 16m a year of which the majority is viewed as "recurring". The company does have a sounder base than the 6m t/over reported by IEN.

It does seem as this is a way that Documetric achieved publicly quoted status. A true financially symbiotic takeover?

[darias] 06/7/2010 10:26

Hi

It seemed to me that Documetric had the software knowhow to develop the mobile banking.

"Documetric's primary activity is as a provider of technology-led outsourcing
services including payments, accounts payable and receivables management and
business intelligence. Documetric is one of the ten largest BACS Bureaux in the
UK, with around a six per cent share of UK wage and salary BACS payments. For
the year ended 31 December 2009, Documetric reported revenues of GBP10.2 million
and profits before tax of GBP1.8 million."

These are interesting times in the Banking sector and I got the impression over the last few months that IEN were starting to stagnate as they couldn't offer a complete solution to the Banking fraternity. It is hoped that with this take over and a new name that they can go once more to the banks with a complete package.

The reverse takeover

� Combines the Company's expertise in online and mobile banking markets
with Documetric's middle & back office to deliver turnkey solutions to clients.

But I could be reading to much into the announcement.

As the placing is at 7p there does seem scope for a rebound from here. But I do not feel that there will be a big gain until some of the placers have taken their share of the profit. With fees taking up 25% or so of the placing it may be that the share price will have to rise to over 10p in order for the placers to benefit.

[foreverhoping] 06/7/2010 10:16

from the chairman's letter:

The Company has today also announced that it has conditionally raised GBP4.5
million before expenses by way of a Placing of 63,874,286 Placing Shares at a
price of 7 pence per share. The approximate net proceeds of the Placing are
GBP3.5 million which will be used, inter alia, as working capital for the
Enlarged Group, to repay part of the existing debt of the Documetric Group, and
to provide the resources to allow the Enlarged Group to increase its market
share in the BPO and self-service banking market though complementary
acquisitions and organic growth.

i find a few issues in here:

1. raising 4.5 million. net proceeds 3.5 million. where is 1 million going? fees and tax?

2. part will be used to repay 'part of the existing debt of the documetric group'. so we are no longer debt free.

3. looking at 'complementary acquisitions' - poss future rights issues/further share dilution?

plus ien lose ceo and cfo positions and what appears to be a major handover of influence to documetrics. who is taking over who?

this 'reverse takeover' may be a good thing, but many questions to be answered. as usual the small shareholder has been kept in the dark and ignored with regard to the share placing.

[harrytrad3] 05/7/2010 17:24

will it still be IEN?

[estonia] 05/7/2010 14:33

this can only project IEN on to another level this will certainly open new doors

[dcarn] 05/7/2010 09:30

Yeah very quiet considering.
D.

[gnnmartin] 05/7/2010 09:25

Acquisition & placing: now we know (perhaps) why the shares have been weak.
Nigel Martin

[harrytrad3] 02/7/2010 18:35

Jam tomorrow.

[estonia] 01/7/2010 12:43

when you have good foundations the walls never cave in............Ien are built on first class foundations............and will build substantially on them

[harrytrad3] 30/6/2010 16:00

Reappoint the auditors

[dnfa1975] 30/6/2010 15:35

in need of a rigts issue?

[ztan] 30/6/2010 15:27

Make some money!

[harrytrad3] 30/6/2010 14:36

what were the resolutions?

[harrytrad3] 25/6/2010 12:04

Is anyone attending Tueday`s AGM (2pm)?

I would like to know the update (full Monty) on the company vis a vis contracts: new and existing and developments especially mobile banking adventure.

Or will someone confirm that the company will update the Market on Tuesday as well as the attendees at the AGM. ( I feel sure that the big players are in the loop far better than me).

[estonia] 22/6/2010 16:54

yr right kruger but you know market conditions not this company's ability to produce first class products and clients have had a big impact on the share price..................and I feel we are entering calmer waters now and this Company will eventually be seen as a major player in its market and the shares will rise substantially..........................

[kruger2004] 22/6/2010 13:00

haven't you been saying the same thing for 5 years?

[estonia] 22/6/2010 11:35

its time!

consolidating well existing blue chip contracts..........and increased revenues with Mobile phone banking .together with a feeling of calm in the market will see this share leap forward.............