Intercede Share Discussion Threads

[rambutan2] 23/5/2007 12:45

hywel,

that's not how it works - it's a dog eat dog world out there.

[hywel] 23/5/2007 12:08

If every time they need to raise cash they have to give shares away at the levels like the last one at 33p we will all be in for a very rocky ride indeed.And of course once you are seen to have had your arm easily twisted once the institutions will expect to have their pockets lined every time you ask for help.

There's another way of looking at this, i think IGP have got some goodwill now from this institution and any further fundraising they can say 'look we gave you shares at 33p when the price was 48p which you've made a good profit on, now how about doing us a favour and take some more at a realistic price'.

Wish i'd bought some more in the dip now, but will wait to see what the results bring.

[aphrodites] 23/5/2007 10:30

boadicea

You echo my sentiments entirely.

The share price resilience emphasises even more that the share price was manipulated downwards ahead of the placing.

As you say little damage appears to have been done and in my opinion the shares should retrace back to around the 60p level. The fact that the price fell ahead of the placing in very thin trade means that anyone selling would not have established a too short position which was uncomfortable to close. In fact the 100k deal around 40p might well have been that closing trade.

As you quite rightly highlight Government contracts do take an eternity to sign and bring to fruition. Let us hope the FD is in a better position to plan for such events in the future.

But the problem as I see it with future funding is that IGP does not have a good institutional following yet.

If every time they need to raise cash they have to give shares away at the levels like the last one at 33p we will all be in for a very rocky ride indeed.

And of course once you are seen to have had your arm easily twisted once the institutions will expect to have their pockets lined every time you ask for help.

Let's hope the company broker starts to earn its fees and introduces a few more institutions with an appetite to buy stock at market levels.

Of course much will depend on the full results and the message the C.E. gives to the market.

But beware; my major concern at this time is that the results will not support the current market price. If they were going to be upbeat and positive for the share price why was the placing not delayed until after the results? If the results are good the FD will certainly have a few awkward questions to answer. On the other hand if news is poor, the share price will retrace and the FD gets it in the neck from those who took up the shares at 33p. Depending on how far the price falls.

To my mind the company is in a no win situation.

It all begs the question as to why the placing was made only two weeks before the results. I can only conclude the weakness in the share price on rumours of something in the pipe-line might have been the catalyst.

All will be revealed shortly. Let us hope this resilience is not just a MM ploy to pull in a few suckers!!!

[boadicea] 23/5/2007 09:52

carly2 - Next week more likely I think - based on last year. I have 31st as a pencilled in guess.

The share price resilience in the face of latest news is surprising.
It implies that an open offer to holders would have produced a good response at a much better price even if costs would have been greater.
However, damage done is minor and we can hope they have learnt something.

My only fear is that it may be the first of several nibbles as government projects suffer successive and characteristic delays affecting cash-flow.
Government numbers - time or money - typically have to be trebled (except north of the border where the factor can be x10).

[carly2] 22/5/2007 19:15

Hi igoe
I thought results were going to be out this week - or early next - based on the placing statement.
Best wishes all - let's hope the share price rockets soon - I think we've all been through the mill with the recent placing.

[igoe104] 22/5/2007 18:03

we are in a closed period at the moment so only a couple of weeks before results, are out. I,m expecting good news on the contract front. hoping for details on frac project and commonwealth state card projects, which seems to be expanding as well as other things. interesting times ahead. A VERY STRONG BUY AT THESE LEVELS.

[archa] 22/5/2007 16:58

Pyman - Daily Express, page 57 "Hopes for more contracts from the US government boosted identity verification software firm Intercede Group 5 1/2p. to 48p."

[igoe104] 22/5/2007 15:01

Its been tested for a number of years, so it should work with-out problems.
JAILBIRD put in ebt in your watchlist.

[johndee] 22/5/2007 14:37

They not short of stock,,will not sell above 47 pence.....not even .4 extra

[jailbird] 22/5/2007 14:32

igoe,

does biometrics actually work, is this technology actually read fingerprints
or iris or facial recognition..or is it still hit and miss

[pyman] 22/5/2007 13:11

searched express - no mention of incercede

[igoe104] 22/5/2007 12:03

LATEST on the national id card uk.



THERE is far to many do gooders, is this country. if they don,t like it they know what they can do.

[jailbird] 22/5/2007 10:46

well someone bought 18k at full price..and no movement..not sure about short of stock theory..

[garth] 22/5/2007 07:42

And most would seem likely? ;0)

[spooky] 22/5/2007 07:40

Any government would be nice :-o)

[robow] 22/5/2007 07:39

dunno-it was from a newspaper summary on munneyam
I'll have to buy the Express I suppose

[garth] 22/5/2007 07:37

Which Government?

[robow] 22/5/2007 07:24

from Daily Express!
govt contract hopes lift Intercede

[johndee] 22/5/2007 00:04

All buys on the 21st May...that may mean good news is imminent

[rambutan2] 21/5/2007 23:17

yump, yes, that's prob v true...
To be fair, if I was on the board looking at possible placings, I'd be thinking "we just can't win whatever we do - so we'll just do it when we do it".

My understanding is that the management didn't take advantage of the "cheap" shares;

that there is a new instit or more on board - perhaps with a recognisable name - although unless they pop above 3% we won't find out who;

that the fd got a better price than he'd been offered when going round the city a few months ago;

that, as we'd spotted, the funding was done v cheaply;

that things always take longer to happen than you imagine x2 - especially when govt bodies, or v large cos are involved;

that the management is as frustrated as us at the above point;

but that they are busy in the states at the mo;

and that a presentation or two to private investors might help their cause.

[garth] 21/5/2007 21:38

Nice bounce. A couple of pence more needed to break the down trend?

G.

[topvest] 21/5/2007 21:31

Looking better again today. Maybe we can move on here now...hopefully upwards!

[igoe104] 21/5/2007 18:52

YES it should be a interesting start tomorrow, apd. I think the mm,s will find it hard to complete the rest of the 75k order. the price may have to go over 55p, to fill the rest of the order, i imagine. can,t see any takers, at below that level.

[yump] 21/5/2007 17:56

To give an example of an alternative explanation:

IGP, RCG and LEAD all had placings after drops from peaks. It could just be that the peak gave the company encouragement to arrange a placing ie. good environment. But the placing will then inevitably come after the drop from a peak, because of the time taken to arrange it.

If a company places shares on a flat chart, there's no end of moaning about dilution when the "shares aren't even progressing from where I bought them and now they've gone and done a placing before I can get any profits".

To be fair, if I was on the board looking at possible placings, I'd be thinking "we just can't win whatever we do - so we'll just do it when we do it".

[yump] 21/5/2007 17:51

fwiw
I think it is completely wrong to conclude that there was clear insider dealing.
The price dropped and there was a (smallish) placing. Most prices drop with no placing and there are plenty of placings with no drop even though the placing takes place lower than the current share price

Sooner or later a drop will coincide with a placing and that's about all you can say.