Intercede Share Discussion Threads

[igoe104] 28/6/2007 14:50

I think thats wishful thinking, singsing.

WITH the agm next week, i expect a positive statement from the company. i also expect markets to start picking up, as we move into july.

Holders of this company will be having a good singsing, over the next 18 months.

[singsing] 28/6/2007 11:07

On the short to medium term,this will bootom out @ around 29p.
No advice intended.

[igoe104] 26/6/2007 18:09

yes pyman- it should be good news for the smart/id card sector, touch wood this is the bottom, and the share price should start moving up.

[garth] 26/6/2007 17:32

SMRT news means I've made an initial re-purchase of some of my shares here. Will wait and see now what happens over the next few days and weeks.

G.

[pyman] 26/6/2007 13:26

Agreed - i ve been waiting to buy as I see this summer being nervous for stocks and some bargains should get thrown up. SMRT news may mean IGP does n t get any cheaper from here

[aphrodites] 26/6/2007 12:43

rambutan

There is no chance IGP will be taken over at a 50% premium to the current market price.

The weakness in the share price over the last few weeks is symptomatic of the current trading conditions in the market.

Fears of rising interest rates and bond yields, hedge funds collapsing and a move to more secure assets has taken the shine off small companies like IGP which are still making losses.

The low turnover in its share dealings has allowed some, including those who bought stock at the 33p placing, to offer small parcels of stock to the market to manipulate the price down. At some time they and others will want to buy stock and the share price will quickly recover to the 50p level. From there any rumour of a bid will drive the price up further to the 65/75p region. A 50% premium then will take us to the £1/£1.20 level which is probably the price where any would be predator would have to pitch an opening bid in any discussions at this time. In a year's time it will probably be £1.60!

As we all well know whispers and a firming in the share price are frequent features ahead of a bid for a company. I think the current inactivity tells us nothing is going on.

But I would put money on IGP being seen as a very tasty morsel and someone is more than likely at this time to be running the slide-rule over it with the price down here.

[garth] 26/6/2007 12:32

Thanks Ram.

Any thoughts on DTE? Released results this morning, beat forecasts. Look interesting, low pe. Haven't looked at them before.

G.

[rambutan2] 26/6/2007 12:12

fully diluted includes all wrts and cnvs.

[garth] 26/6/2007 12:00

Thanks Ram. And are there still some outstanding loan notes waiting to be converted? Or is that accounted for in the fully diluted figure?

Gutted is right.

G.

[igoe104] 26/6/2007 11:45

YEP AS this level, the shares would make a great take-over target.
with a offer going in for smrt, you would of thought other companies in the sector share price would move up as well.

[rambutan2] 26/6/2007 10:59

hi garth,

i'd be gutted if we got taken out at 50% premium to current price!

shares in issue is 36,093,741 and fully diluted shares is 48,735,009.

[garth] 26/6/2007 10:53

What is the correct market cap figure now?

[igoe104] 25/6/2007 17:24

INTERESTING SECTOR NEWS.

[wjccghcc] 25/6/2007 09:11

Yup, in this market it's happening to any lossmaking small company without newsflow. While I had issues with the placing price, the fact that they have raised enough to carry them through to significant profitability is beginning to look smart.

[carly2] 25/6/2007 09:00

Rambutan,
Your post 1488 is getting closer by the day. I really don't mind holding on as long as everything is OK....surely it is going to get to the point that the company will have to say something...
Best wishes all

[garth] 22/6/2007 14:11

WJ,

Thanks & kind regards,

G.

[wjccghcc] 22/6/2007 14:05

garth, AFAIK they're not involved in citizen cards, mainly because the security requirements for them are minimal. In the UK, IGP projects include the Metropolitan Police, several UK government depts, the NHS, the British Library, John Lewis, Barclays, Lloyds TSB, RBS and BT among others.

[carly2] 22/6/2007 13:42

Well, considering that this is getting toward the price in October/ November when they announced their first contract in the US, it really makes you realise that when those revenues are actually shown on a P&L account, the price is going to rocket...stellar..

[garth] 22/6/2007 13:00

OK, in the absence of a response, post 764 on the SMRT thread might be worth a read if you've got 15 minutes to properly digest it. Whatever happens re National ID, e-government/Citizen cards are already here....



G.

[garth] 21/6/2007 12:46

Do we know if MyID is being used in any of the UK citizen card schemes?

[igoe104] 21/6/2007 11:25

TALKING anout the national id card, igp are going to have to get the national id card contract signed in a way where, if the tories win the next election, and they pull the plug on the project, igp won,t be hit with big costs.( thats providing igp are involved of course)

PS AS ANYWAY HEARD any details of the date for the agm.

[garth] 21/6/2007 09:17

Igoe,

That is a fair comment. SMRT are certainly some way behind IGP in terms of bidding for global ID projects.

The attraction is that ITSO is already rolling forward, is written into rail tender documents and looks almost certain to become the standard fo smartcard implementation related to the Concessionary Bus Travel Bill. That should secure significant growth and cash-flow over the next 2-4 years. As they are already a profitable company that offers some de-risking of the shares as an investment.

The spring contract to have Multefile embedded on all Hitachi MULTOS cards sold globally is a significant step towards a global presence. But clearly it will take time to filter through.

As I say - if you believe smartcards have any future at all then both companies have their attractions.

Kind regards,

G.

[igoe104] 21/6/2007 09:05

The problem is see with smrt, is they are to domestic. igp has a more global presence, and are involved in the biggest smart card market, usa.
if smart became more global i,d take a second look.

ps take alook at jmc, its a big discount to its nav.

ram i,ve sorted it.