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[wjccghcc] 14/6/2007 16:46

jailbird, it was an illustration of their operational gearing, not a prediction.

I was using turnover growth of 25% pa over the next 2 years to give the 1.8mm incremental sales. With their 97% gross margin that would all drop to the bottom line. For that growth, a PE of 25 is pretty conservative.

[jailbird] 14/6/2007 16:27

WJCC,

i am concerned with your figures there..PE25..why 25?.....really with your figures, then it is not surprising it is dropped considering no profits until next year? or do you mean year after?..it look like £1 is a while off and really there then i cannot see why somone would want to buy these until next year.

[wjccghcc] 14/6/2007 11:14

Not sure driving licences are high end enough to require MyID even though the Mexico ones double as primitive ID's as well. The Army army project however would require convergent physical and logical access which is what MyID enables although the Australians seem to be fudging it by incorporating two chips on each card.

[igoe104] 14/6/2007 10:59

If we can get involved in them driving licence project in mexico, it could turn out to be very good business. 900,000 is just for one city, in mexico. if it continues though out mexico, and igp are involved in will be very rewarding.

[igoe104] 13/6/2007 22:52

NICE LINK RAM. this is also worth alook.

[rambutan2] 13/6/2007 22:21

the shape of things to come?

AMSTERDAM, June 13 /PRNewswire/ --
Gemalto (Euronext NL0000400653 GTO), a world leader in digital security, today announces that it has successfully delivered Mexico's first smart card driving license to the city of Monterrey, Nuevo Leon state, Mexico. The contract includes 900,000 driving licenses over a period of 3 years. This new card also acts as a reliable ID document and opens up the potential for additional e-schemes like healthcare for the benefits of all citizens...

[wjccghcc] 13/6/2007 16:24

Fair point. IGP down 4.5% on 2x 5k sells as MMs don't want to hold any stock. Of course, that works the other way as well when people are buying but it's not that kind of market for smallcaps at the moment.

With their 97% margins, they'd need to increase revenues by 1.8mm to give net profit of 1.4mm and a share price of 100p on a PE of 25. Nothing is certain with any stock, but given the rollout of the contracts they've won plus the global increase in demand for smart cards plus IGP's partner network and #1 position at the high end of market, I'd say that shouldn't be too hard over the next 2 years.

[jailbird] 13/6/2007 13:47

WJCC,

i'll be honesr..i am expecting alot from IGP...i hope it pans out,
but as there always a risk with AIM compaies, i hope these deliver coz some companies sure have come out with unexpected shocking RNS' which were never expected.

At the moment the global, especially US is looking very shakey indeed.
Withe the bond mkts lookig a more atractive investment then equities..and this could cause a sell off..bloomberg analysts saying upto 50% is very possible!

And when sentiment changes ALL stocks will follow...and i expect IGP too.

[jailbird] 13/6/2007 12:11

dropping further today...need newsflow really.

[carly2] 12/6/2007 13:19

Hi WJ and igoe,
Thanks for your replies. I like the word 'stellar' WJ - good news on the horizon, it feels that we've been waiting for this for along time...

[jailbird] 12/6/2007 11:23

do we know who took up the share placing...
and is there a lock in, do we know?

otherwise this can mean stock MAY be available to MMs

[wjccghcc] 12/6/2007 10:29

That's a bit ambitious igoe. HSPD-12 should start ramping up over the summer but TWIC and FRAC are unlikely to before the end of the year. Personally, I don't expect the interims in December to be anything special but H2 should be good and the 2008 numbers stellar IMHO.

[igoe104] 12/6/2007 08:47

I think reguarding hspd-12, twic, in should be between now and november, it looks at the moment. then you have nhs cards, and i expect something from the oracle partnership starting Q3. so it should show a big ramp up in figures in decembers interims. which should wake up alot of new buyers.

[carly2] 12/6/2007 08:36

Does anyone know to what extent the rollout of various US card initiatives is now happening. Initially we were hearing that march to June 07 was when ramp up was supposed to be starting - but maybe that has been delayed.
Best wishes all

[wjccghcc] 12/6/2007 08:33

That's very good news with the card technology now set. Looks like it could make a nice contribution to H2.

[igoe104] 12/6/2007 08:25

Looks like twic project will kick off in the next few months.

[wjccghcc] 12/6/2007 08:06

jailbird, imprivata's solution is an add-on bought by certain trusts which enhances the Gemalto/IGP offering. The main contract for Gemalto/IGP so far is for 500,000 cards and likely to increase.

[jailbird] 12/6/2007 08:00

ok,

i misread the figures,

Imprivata's OneSign appliance is in use at Nottingham University Hospitals, where the solution is being rolled out to 8,000 staff.

so we multiple that by the mumber of trusts and we get a fair bit!

[jailbird] 12/6/2007 07:57

ok,

i was looking at then the number of employees that would be issued cards.

i'm sure i read for the 11 trusts that 11,000 were issued.

[rambutan2] 12/6/2007 00:57

i am sure they were.

nhs project certainly isn't to be sniffed at and if igp kit actually makes it work a bit better then we'll all benefit twice over, or at least those of us who use the nhs...

[wjccghcc] 12/6/2007 00:04

Actually jailbird, I suspect nearly 20% of their revenues last year were from the NHS.

[jailbird] 11/6/2007 22:58

igoe,

I do not think that this is a large number in comparison to the US contracts.

[igoe104] 11/6/2007 17:32

THIS NHS smart card project looks set to expand.

Gemalto's UK managing director, Howard Berg, said: "The shake-up of application delivery that is taking place in the NHS requires a fundamental change in how doctors, nurses and consultants access patient data and applications securely. By adapting the security framework of the Connecting for Health project to provide coverage of local applications, we can help to deliver increased value for hospitals and NHS trusts, as well as to individual users."

The single sign-on solution is also now in place at the Royal Free Hampstead NHS Trust and Lewisham Primary Care Trust. Imprivata says it is now working with a further 40-50 trusts,

[igoe104] 11/6/2007 15:24

JUST TOPPED UP WITH 9656 SHARES. COME ON GUYS its your turn.
ITS a bargain at 46.25p