Intercede Share Discussion Threads

[idd] 26/5/2004 10:05

Genius you dont have any interest in me do you ? LOL I'm worth a lot of money

[garth] 26/5/2004 09:33

Riley,

no research on the company as far as I'm aware. I believe the philosophy has been heads-down and get the business and the numbers right with an aversity to paying a broker to write a report. You could contact the FD to find out whether this has changed - but it certainly seemed to be the position last couple of times I asked.

G.

[jailbird] 26/5/2004 08:56

genius,

Have U an interest in IDD - ID DATA..uk's only smart card company.

[rileyma] 26/5/2004 08:52

assuming break even is only round the corner,has anyone any eps values
for 2004 and beyond please,also is there a recent broker note avail

thanks in advance

regards

[geniusjohn55a] 26/5/2004 07:40

JonTan Hi !

Cheers for taking the time to pop over !
I think as they have a patent and more applied for then that's why their 'competitors' have signed deals with them .... to get their hands on the technology that they need to make sure that some of their products will work !

[geniusjohn55a] 26/5/2004 07:38

uknighted Hi !

You have no 'vision'
The past is the past and the future is smart ID cards FOR EVERYONE and this company is GLOBAL NOW
The deals that WILL make a difference were signed in APRIL after the financial year end !

DYOR .... or at least do something more than look at 'old' news !!!!

[jontan] 25/5/2004 23:01

Almost forgot. Who are the main competitors for this company?

[uknighted] 25/5/2004 23:01

What happened to the second half:

H1 -269 v. -664
H2 -392 v. -456
Year -661 v. -1120

Whatever improvement happened in H1 seems to have been left behind in H2
The words "Bargepole", "touch" "with" and "dont" spring to mind.
IMHO

[jontan] 25/5/2004 22:59

Hi, spotted geniusjohns post on the hush thread about this company. Have been nosing round and am rather impressed by prospects. Big partners, massive market etc. Am curious does anyone know how they licence the ediface software? Will proabably buy when I get paid anyway!!

[geniusjohn55a] 25/5/2004 19:26

Well I bought 7500 first thing this morning (I got paid !) and always hold long term !!!!

"Thales, Gemplus and Giesecke & Devrient have signed agreements to resell the Group's technology as part of their respective product ranges"
"Good progress continues to be made in the development of strategic Relationships with a number of other product companies and channel partners"
The Group's technology is now being bid by major industry players on smart card related projects in all parts of the world"
"The outlook for the next 12 months is one of accelerating growth in the number
of software licences sold to an increasing number of customers around the world"
"The integration of MyID within the Gemplus SafeSite product range"
"Gemplus' revenue in 2003 was 749 million Euros"


I did some research after the announcement and decided I would buy these whilst they were still cheap as their market is going to be HUGE and they are looking WORLDWIDE I think I have found another winner :)




Thales and Intercede Showcase the First Complete End-to-End Transaction Security System at InfoSec 21st April 2004 ....


About Thales
Thales is an international electronics and systems group, serving defence, aerospace and security markets. The group employs 62,000 people worldwide and generated revenues of 10.6 billion in 2003.
Operating in three main markets covering e-security, card payment and network security, Thales e-Security addresses the business, government and finance industries' need for cryptographic security products and solutions. Over half of the world's banks, together with the majority of the busiest exchanges, currently use Thales technology.





Smart card leader signs reseller agreement for card management systems
Giesecke & Devrient signs an agreement with Intercede to offer the MyID card and application management system. Washington DC, 26th April 2004


Giesecke & Devrient (G&D) is an internationally operating high-technology group. The organization is a leading supplier of banknotes and security documents, banknote and security paper and currency automation systems, as well as cards, components and complete multifunctional smart card systems for electronic payments and telecommunications. The group also offers end-to-end solutions for security in e-business. Founded in 1852 in Germany, The G&D Group, based in Munich, Germany, comprises 49 subsidiaries and joint ventures in all parts of the world, employing around 6,400 people. In the financial year 2002 the group generated sales worth euro 1.09 billion.

[maywillow] 25/5/2004 15:39

May 25, 2004 07:45 AM US Eastern Timezone

Gemplus Honored With Frost & Sullivan Competitive Strategy Leadership Award

LONDON--(BUSINESS WIRE)--May 25, 2004--Gemplus has been presented the 2004 Frost & Sullivan Competitive Strategy Leadership Award to recognize its gain of substantial market share in the financial and loyalty smart card market over the last four years. This is the first occasion that such an award has been granted exclusively to the banking division of an organization.


Notes Shafida Begum, analyst at Frost & Sullivan, "Within a span of four years, Gemplus, with its commitment to R&D, global expansion and marketing and sales efforts, was able to increase its global unit shipments share to 22.4 percent in 2002 in the financial and loyalty smart card market, assuming second place in this market."

Major banking sector projects are reinforcing Gemplus' expanding global reach. In 2003, Gemplus won EMV contracts in all of the continents for the supply of cards and personalization services. A major contract with the United Kingdom's leading banks to replace the magnetic stripe system on debit cards with smart cards is likely to see Gemplus deliver 40 million EMV cards within the next two years. Gemplus also deployed the first EMV cards in France with Societe Generale. These initiatives could preface similar projects in Asia and South America.

The delivery of 400,000 Java Cards(tm) to Banco do Brasil and a deal for multi-application EMV cards -- in partnership with Toppan -- with JCB International Co. Ltd., (Japan's largest card issuer), have further underlined Gemplus' global credentials. The company also recently signed similar contracts with leading banks in Eastern Europe.

Other examples that illustrate Gemplus' aggressive global competitive strategy include: MasterCard mc(2), the first credit card targeting young Latin American executives launched by the Citigroup member Banamex; the conversion of several million ATM magnetic stripe cards to smart in order to boost security levels in Malaysian banking; and a co-branded smart banking card leveraging loyalty programs across the telecom, transportation and banking sectors in South Korea.

Gemplus has also become the first company to have all of its personalization centers certified by Visa and MasterCard.

"With its strong focus on technology, EMV migration and global orientation, Gemplus has substantially increased its presence in the smart card market for banking and loyalty, and is set to make further inroads in the market," comments Begum.

"Gemplus is very honored with this recognition, which demonstrates that our strategy over the last few years in the field of smart banking has paid off: excellence in execution, proximity with our customers and differentiation on value. These are the reasons why over 600 financial institutions around the world put their confidence in us last year," says Philippe Combes, executive vice president operations and financial services.

Philippe Combes adds, "We've increased our worldwide market share from 9 percent to 22 percent in four years, and our clear ambition is to become number one in smart banking."

About Frost & Sullivan

Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.

About Gemplus

Gemplus International S.A. (Euronext: LU0121706294 -- GEM) and (Nasdaq:GEMP) is the world's leading player in the smart card industry in both revenue and total shipments (source: Gartner-Dataquest (2003); Frost & Sullivan, Datamonitor.) It has the largest R&D team, unrivalled experience and an outstanding track record of technological innovation.

Gemplus offers an exceptional range of portable, personalized solutions that bring security and convenience to people's lives. These include Mobile Telecommunications, Public Telephony, Banking, Retail, Transport, Identity, WLAN, Pay-TV, e-government, access control and a wealth of other applications.

Gemplus' revenue in 2003 was 749 million Euros.

www.gemplus.com

[rambutan2] 25/5/2004 12:15

just had a quick read and most important point is that no horrors, with cash position looking tenable and all moving in direction had hoped, albeit a bit more slowly than in my fond imaginings. its still all waiting to take off though, as turnover shows - although note 83% margin - but wont take much of an increase to start hitting profit. whatever, looks as though figure from here on should improve as sales points/partners increase. it might not be 2005 that sees what we want though, perhaps 2006 looks a more realistic date for our fortunes to be made.

alternatively (and not what i want) perhaps they will be bid for. in the operating and financial review intro, the first sentence makes the point about limited funds and i can imagine that the management dream of being able to make a big sales push etc dont think that their current mkt cap makes another fund raising a valid option?

would love to be able to go to the agm but weds are out for me at the mo.

[grupo guitarlumber] 25/5/2004 09:02

hear hear.

[jailbird] 25/5/2004 08:57

Well with costs reduced to £0.5M and margins having increased and quote


"The Group's technology is now being bid by major industry players on smart card related projects in all parts of the world"

This is only go up over the year. The time has come for smart companies..now need IDD to come good.

[grupo guitarlumber] 25/5/2004 08:53

INTERCEDE GROUP plc

Consolidated Profit and Loss Account for the year ended 31 March 2004

Notes 2004 2003
#'000 #'000

Turnover 1,605 1,819
Cost of sales (266) (528)
--------- --------
Gross profit 1,339 1,291
Other operating expenses (1,960) (2,365)
--------- --------
Operating loss (621) (1,074)
Interest receivable and similar income 34 29
Interest payable and similar charges (74) (78)
--------- --------
Loss on ordinary activities before taxation (661) (1,123)
Taxation 2 (202) 212
--------- --------
Retained loss on ordinary activities after taxation
and (863) (911)
for the year --------- --------
Basic and diluted loss per ordinary share 3 (2.9)p (5.6)p
========= ========

All operations of the Group continued throughout both years and no operations
were acquired or discontinued.

There are no recognised gains or losses in either year other than the loss for
the year.

[grupo guitarlumber] 25/5/2004 08:52

7. ANNUAL GENERAL MEETING

The Annual General Meeting of the Company will be held at 9.00am on Wednesday 7
July 2004 at Lutterworth Hall.




8. ANNUAL REPORT AND ACCOUNTS

Copies of the full Statutory Accounts will be despatched to shareholders in due
course. Copies will also be available on the website (www.intercede.com) and
from the registered office of the Company: Lutterworth Hall, St. Mary's Road,
Lutterworth, Leicestershire, LE17 4PS.

[grupo guitarlumber] 25/5/2004 08:47

LONDON (AFX) - Intercede Group PLC year to March 31 2004
Sales - 1.60 mln stg vs 1.82 mln
Pretax loss - 661,0000 stg vs loss 1.12 mln
Loss per share - 2.9 pence vs LPS 5.6

vjt/

[jailbird] 25/5/2004 08:39

This bit has been printed the wrong way round. should be 06.M losses against 1.1M last yr.

"For the 12 months to end March, the company posted pretax losses of 1.1 mln
stg against 0.6 mln last year."

[grupo guitarlumber] 25/5/2004 08:34

LONDON (AFX) - Intercede Group PLC said losses narrowed for the full year,
adding it still anticipates breakeven this year.
For the 12 months to end March, the company posted pretax losses of 1.1 mln
stg against 0.6 mln last year.
"The outlook for the next 12 months is one of accelerating growth in the
number of software licences sold to an increasing number of customers around the
world," the company said.
"After an extended period of depressed expenditure in the IT sector, there
are positive indications that customers are now starting to allocate budgets to
identity management and smart card projects. As a result, sales opportunities
are growing in both quantity and value. However, the lead time for individual
new orders continues to be long and subject to uncertainty."
bam

[grupo guitarlumber] 25/5/2004 07:19

RNS Number:0286Z
Intercede Group PLC
25 May 2004



INTERCEDE GROUP plc
("Intercede", "the Company" or "the Group")

Preliminary Results for the Year Ended 31 March 2004

Intercede, a leading developer of electronic identity management software, today
announces its preliminary results for the year ended 31 March 2004.

SUMMARY

* Pre-tax losses reduced from #1.1m to #0.6m

* Cash outflow before financing reduced from #1.4m to #0.5m

* First patent granted and issued in February 2004

* First sales of the MyID(TM) product offerings ie MyID
Corporate, MyID Campus, MyID Citizen and MyID Service
Provider

* Thales, Gemplus and Giesecke & Devrient have signed
agreements to resell the Group's technology as part of
their respective product ranges

* Good progress continues to be made in the development of
strategic relationships with a number of other product
companies and channel partners

* The Group's technology is now being bid by major industry
players on smart card related projects in all parts of the
world

Richard Parris, Chairman & Chief Executive of Intercede, said today:

"Following continued financial and commercial progress, the Group is now
exploiting its technology lead to generate revenues from customers throughout
the world."

25 May 2004
ENQUIRIES:

Intercede Group plc Tel. [phone]
Richard Parris, Chairman & Chief
Executive
Andrew Walker, Finance Director



INTERCEDE GROUP plc

Preliminary Results for the Year Ended 31 March 2004

CHAIRMAN'S STATEMENT

Following continued financial and commercial progress, the Group is now
exploiting its technology lead to generate revenues from customers throughout
the world.

Introduction

Intercede is a leading developer of software for the issuance and management of
smart cards and digital identities.

Governments, financial institutions, service providers, airlines, educational
institutions, mass transit authorities and employers are starting to issue
digital identities to employees, customers, citizens and students to enhance
security, improve service levels and reduce costs. When combined with a smart
card, or similar device, digital identities can complement or replace other
forms of identification because they are resistant to fraud, require the card
holder to be present at point of use, may be used over the Internet and can be
interfaced directly to computer applications or on-line services. Furthermore,
smart cards may incorporate additional credentials such as digital certificates,
fingerprints or portable personal information in a cryptographically sealed
format that can only be read by authorised individuals.

Within the next five years most individuals in the developed world, and many in
the developing world, are likely to carry at least one digital identity on a
smart card device. This may be a national identity card, a driver's licence, a
health care card, a bank card, a travel pass, a company identity badge or a
student campus card. Each of these cards will need to be issued securely and
managed throughout its life cycle. This is a huge market opportunity for smart
card and identity management software companies, and Intercede has one of the
most advanced issuance and management product suites currently available.

Intercede's software serves as the foundation for identity solutions that are
changing the way organizations improve their security and operating efficiency.
Many global organizations - including the Amsterdam Medical Center, Barclays
Bank, COLT Telecom, the European Patent Office, Fujitsu, Lloyds TSB, the NHS,
Royal Bank of Scotland, and various US federal government agencies - utilize
Intercede's software and support services to cut costs, improve security and to
create new sources of revenue.

Results

In the year ended 31 March 2004, turnover of #1.6m was achieved at a gross
margin of 83% (compared to #1.8m at a gross margin of 71% in the previous
period).

For the second consecutive year, Intercede has virtually halved operating losses
from #1.1m to #0.6m and the cash outflow before financing has been reduced from
#1.4m to #0.5m. As at 31 March 2004, the Group had a cash balance in excess of
#1m.

I am delighted that the strategy of concentrating on the promotion of our own
products while controlling costs has brought the Group so much closer to
break-even. This has been the Board's primary objective during the year. Whilst
a further reduction in resale revenues from third party products has resulted in
a 12% fall in total sales, the favourable impact on gross margins is clear to
see.


Strategy and Outlook

In my statement last year, I highlighted that in the 2003/04 year the Group
would be focused on executing its strategy to ensure the exploitation of:

*The Company's technical product lead.
*Established distribution channels.
*Major vertical markets using Intercede's MyIDTM solutions brand.

I also remarked in the 2003 Interim Report that "We anticipate a continuing
trend towards break-even, pending an anticipated step change in sales during
2004."

After 12 months of continued progress, I am pleased to report success in
executing this strategy as demonstrated by the following new orders, new
partners and associated activities:

*The adoption of edeficeTM technology to drive the identity management
strategy by a major global bank.
*The deployment of edefice to enable the use of smart cards by a major
health care provider.
*The first MyID Corporate sales to prestigious European clients.
*The first MyID Campus sale to an enterprising overseas university.
*The integration of the edefice platform within the Thales e-Security
Safesign product range.
*The integration of MyID within the Gemplus SafeSite product range.
*The signing of Giesecke & Devrient, a major global smart card
manufacturer, as an Intercede partner and MyID reseller.
*The registration of a patent for our key edefice technology.
*Gross margins have continued to grow from 71% to 83% year on year.
*For the second consecutive year, Intercede has halved losses and is close
to achieving break-even operation.

Our strategy in the forthcoming year is to:

* Increase our software licence revenues from Europe and the US and to
establish distribution channels in the Asia Pacific region.
* Progress OEM partners from initial OEM licence fees through to recurring
licence revenues.
* Continue product development focused on the packaging of the MyID range
of solutions to meet a wider range of vertical markets.
* Expand the Group's turnover much faster than the associated cost base by
exploiting our technology's scalability, ease of use and global distribution
channels.

The effectiveness of this strategy is dependent on the ongoing high calibre of
our products, the dedication and professionalism of our staff, the quality of
our partners and the ongoing support of our shareholders. In all of these
respects, Intercede has an impressive track record. Furthermore, a programme of
continuous product improvement and new innovation continues to ensure that
Intercede remains a leader amongst a small number of global competitors.

The outlook for the next 12 months is one of accelerating growth in the number
of software licences sold to an increasing number of customers around the world.
After an extended period of depressed expenditure in the IT sector, there are
positive indications that customers are now starting to allocate budgets to
identity management and smart card projects. As a result, sales opportunities
are growing in both quantity and value. However, the lead time for individual
new orders continues to be long and subject to uncertainty.

Intercede is well positioned, through its established products and distribution
network, to take advantage of this emerging growth. The management team is
committed to maintaining the Group on its focused course and I look forward to
reporting further commercial progress over the coming months.


Richard Parris
Chairman & Chief Executive
25 May 2004

[timely] 22/5/2004 19:21

I believe IGPs results are due this month? Any word on what they might look like?

[ariane] 18/5/2004 16:39

PARIS (AFX) - Smart card maker Gemplus International SA said it plans to
make its Havant, England, factory its only specialist PVC site in Europe.
"Havant is well positioned to become a specialist centre for PVC activity in
Europe, since it already successfully supplies the fast-growing bankcard market
in the UK," Gemplus said.
It announced plans to close its factory at Herne, Germany, with the loss of
up to 180 jobs, because of general overcapacity in Europe in manufacture of the
PVC card bodies in which the smart chips are embedded.
Herne's PVC operations will be switched to Havant, the company said.
The closure is part of a restructuring plan announced by the group in Dec
2002, Gemplus said, noting that the plan envisaged around 1,000 job cuts.
[e-mail]
ef/an/

[wilco99] 05/5/2004 17:06

Thanks kmacgre, much appreciated

[kmacgre] 05/5/2004 10:51

Wilco, I cannot answer with a clear 'Yes'. The chip and pin stuff is mainly to do with credit/debit card transactions and provides a far greater certainty of the card belonging to the user and not being stolen. Intercede are well etablished in this area as with Lloyds, Barclays etc. The government agenda for a national id smart card with biometrics such as finger print or eye pattern recognition is Intercede stuff. However, Intercede really supply middleware now being used by large smart card manufacturers. That's why this company is so interesting. The recent US military smart id cards probably used Intercede software/middleware. We can only find out more by looking for the number of licenses sold when IGP results come out later this month.
If the recent announcements are a guide, (check IGP's website) it is quite possible that IGP are gaining a de facto position within an industry about to rocket. Investing in this little company now, may be a very smart move. Please dyor, imho. Regards.