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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intercede Group Plc | IGP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.50 | 2.53% | 142.00 | 16:16:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 138.50 | 138.50 | 147.00 | 142.00 | 138.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 25/3/2025 13:53 by strollingmolby Can IGP offer secure messaging apps to US officials...? |
Posted at 09/3/2025 14:27 by hedgehog 100 The recent problems at Apq Global (APQ), and share price collapse, are probably also adversely affecting IGP sentiment:-07/02/2025 11:27 Alliance News Alliance NewsIN BRIEF: APQ shares dive as US sparks "very challenging" environment LSE:APQ Apq Global Limited 07/02/2025 07:00 RNS Regulatory News APQ Global Limited Company Update LSE:APQ Apq Global Limited "The new US Administration has taken the sledgehammer to international aid and foreign assistance more broadly. While the immediate cashflow implications are manageable for Delphos, the core driver of the Company's performance, it has created a very challenging environment. The Company believes that through a combination of cash flow generation and a partial refinancing, it expects to meet its obligation to repay the CULS holders by no later than 31 March 2025, but the risk to this has meaningfully increased. The refinancing is required to satisfy the CULS repayment and the Company continues to engage with multiple parties and discussions with regards to a potential full or partial refinancing remain ongoing. The outstanding principal amount due to CULS holders is currently £26.1 million. On the capital raising front, Delphos is currently executing 44 capital raising mandates (versus 47 as at 23 December 2024). Seventy five percent (75%) of Delphos' pipeline revenue is dependent on US Government agency departments and developments announced by the new US Administration casts uncertainty on the timing of realising the expected cashflows. At this stage, these contracts remain fully in place and the only immediate impact is a slowdown in execution, as no explicit policy changes have yet been implemented. The pipeline is well aligned with the policy initiatives of the new US Administration (critical minerals, infrastructure and security considerations) and the Company expects a significant increase in US Government support for these projects, however, it remains to be seen how fast existing transactions will be executed and the timing of the receipt of fees and commissions. The US policy framework remains extremely fluid and unpredictable, and circumstances can change quickly. As a result of executive orders signed by the new US Administration, Delphos saw an immediate pause on two-thirds of its transaction advisory contracts, which have now been cancelled (representing c.$5.0million in contract value). The remaining transaction advisory contracts are expected to be cancelled in the coming weeks. These contracts were being executed and have been aborted. The immediate cashflow impact, while material, is so far manageable but we remain cognisant of potential further damage beyond the cancellation of existing transaction advisory contracts. Delphos has made a hard pivot away from official financing sources towards private sector funding over the past six weeks and expect meaningful cash generation in the very near term. While the Company believes that it is well-placed to execute these transactions, the overall policy environment in the US and the reaction of other countries to it will continue to provide significant challenges. In terms of the expected revenue, the table below shows the realised cashflows for December 2024 and January 2025 and management's revised estimates based on the status of the deals in execution, compared with the estimates disclosed in its trading update contained within the interim results published on 29 November 2024 and reiterated in the Company's book value announcement on 23 December 2024: ... Apq Global (APQ):- |
Posted at 24/2/2025 22:27 by rambutan2 Panic selling by holders who don't properly understand what the company does and where it fits. Yes, the current chaos in Washington may mean a short term slow down in new contracts, but cyber security is one of the new admins stated priorities, so maybe not. And certainly dismantling its current defences is just not going to happen what with the big attacks by China over recent months.And the Trump induced geopolitical situation in Europe could well offer up opportunities and speed up decision making in favour of IGP. imho |
Posted at 24/2/2025 09:48 by fft I wonder whether IGP will be told by the USA govt to sell itself to a US company, otherwise all existing contracts will be cancelled. Yes, it sounds stupid, but it sounds like the kind of stunt Trump would pull, as he naturally would assume that IGP shareholders will cave, the USA gets more assets on the cheap and also circles the wagons round the USA more tightly. |
Posted at 08/1/2025 15:25 by pyman $$$$$$$$$ earner... as the pound goes down... up goes IGP earnings |
Posted at 08/1/2025 11:28 by martinmc123 4*Intercede Group, the leading cybersecurity software company specialising in digital identities, issued a positive update this morning noting continued momentum in the business with further contract orders and renewals worth over $5m in aggregate being signed during the month of December 2024. The new contract wins and renewals combined... ...from WealthOracle wealthoracle.co.uk/d |
Posted at 31/12/2024 18:19 by pyman Us treasury hack.. not a client of IGP?. If not...soon? |
Posted at 17/12/2024 07:47 by ianhamo Hopefully IGP will be involved with this!https://news.sk |
Posted at 19/8/2024 11:25 by rambutan2 Just to note that IGP have had a relationship with MSFT for many years, done projects with them etc, but nothing that turned into real revenue for IGP. However this reads more like the real deal. |
Posted at 24/11/2023 21:07 by somerset lad I'm not convinced anything is brewing. It may be that the strong share price movement just reflects investors thinking through the operational gearing involved in IGP growing revenues at a decent clip and keeping costs under control. There's a huge gap ("jaws") between GM and operating margin that provides an opportunity for significant operating margin expansion if the revenue growth comes through.IGP said “The ambition over the next 3-4 years is to double revenues" through organic growth and M&A. Purely for discussion (DYOR as always), let's take TTM numbers of £13.0m revenue, £934k PBT, £1.65m PAT and think what IGP might look like in 3.5 years time. Assume organic revenue growth of 12% p/a(IGP’s management is pretty conservative, so I expect they’re aiming for something materially better than 10%, more like 15-20%, but let's not get too far ahead of ourselves) for 3.5 years. £13.0m TTM revenue x 1.12 ^^ 3.5 = £19.3m. Assume costs growth of 6% p/a (with the vast majority of sales through partners, inflation falling and management very focused on cost, they might well come in below 6%). £12.066m TTM costs x 1.06 ^^ 3.5 = £14.8m. Annualised PBT in 3.5 years from organic growth = £19.3m - £14.8m = £4.5m. If IGP’s objective of doubling revenue in 3-4 years is to be met, it would need (on the assumptions of 12% revenue and 6% costs growth) to add £6.7m revenue through acquisition (£13.0m x 2 – £19.3m). (I appreciate that the aim of "doubling" revenue is broad brush, so using £6.7m is clearly spurious precision.) If we assume a post-merger operating margin of 15% on the £6.7m of hypothetical assumed revenue for the acquired business, this adds PBT of £1.0m, taking the PBT in 3.5 years to £5.5m (£4.5m organic + £1.0m acquired). (The purchase price for a business that adds PBT of £1.0m post synergies might be 13x or £13.0m, assuming that the synergies are significant. IGP currently has £9.7m gross cash and is generating cash (usually) ahead of earnings. It’s clearly beneficial for IGP to have net cash on the balance sheet because it provides assurance to large counterparties and partners, but it went into debt with the CLN so, if the acquisition opportunity arises in the near term on relatively depressed valuations, IGP could borrow modestly short term or raise a small slug of equity to support an acquisition at £13.0m.) Returning to the hypothesised PBT in 3.5 years of £5.5m, I’ll assume a tax rate of zero given the current large tax payments to IGP and the tax losses that are carried forward, giving a conservatively stated fully diluted EPS (using 62.4m shares) in 3.5 years time at 8.8p. You can pick your own PE on this hypothetical for a business that’s growing at a decent clip, generating lots of cash and benefiting from strong operational gearing. |
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