Intercede Share Discussion Threads

[jailbird] 01/10/2007 11:52

well there is 'X' trade @34p...maybe that is the end of the seller.
This may be the last lot as it found a home without selling to the MMs..

[237gmoney] 01/10/2007 08:44

WJ Yes IGP picking up revenues long after contracts have been won but this is why 2008 should be a hefty profit year with the contracts won over the last 6-12 months and the market usually price in future income/profits in the share price but they seem to have broken the rule with this one. For the share price to now be lower than when the company won all the contracts last year, the reason for the decline has to be with the placing and the placing buyer. If the placing buyer had kept hold of all of the shares, (we assume that they are the sellers) the liquidity in this stock would have kept the price up well above the placing price.

We should stick now for a whil on this price unless the placing buyer continues to sell at a loss...hopefully the company can attract a new buyer but they have to increase the newsflow

[wjccghcc] 30/9/2007 21:30

Daz, I think it's more a case of the market gatting carried away and then not being able to wait for the potential to be fulfilled. Happens a lot with smaller AIM companies in my experience.

In IGP's case, the fact that revenues lag costs by 12-24 months doesn't help. e.g. this year's revenues of 2.6mm resulted mainly from deals they won when their cost base was 2mm so would have made them profitable. However, as they have to ramp up the costs to assist their partners with bids and pilot programmes for the contracts they've more recently won but which aren't yet contributing to revenue, that isn't the case and the market goes through bouts of jitters while it waits.

[boadicea] 30/9/2007 17:33

3 wheels - It doesn't need much manipulation if any. The fundamental weakness is caused by the very existence of margined positions and stop-loss selling which by definition must occur in a falling market, thereby exaggerating any technical weakness in the market generally.
I agree, there must be a temptation for mm's to exploit the situation, but I don't think we can blame them too much for that. It stimulates trade and can only occur within the bounds of supply and demand for which the buyers vs sellers, rather than the mm's, are responsible.
Stop-losses are a gift to the mm's, and too often punters put them exactly where they should have their top-up orders!

[3 wheels on my wagon] 30/9/2007 15:55

I've seen the shareprice get manipulated down like this on so many stocks – and for no fundamental reason whatsoever. So often it's the stocks with fantastic prospects. Apart from wanting to shake out weak holders, I reckon the MMs do it to take out all those with margined positions, so as to leave in just those investors holding ordinary shares. It must be easy enough for them to find out how many positions are on CFDs or Spreadbets. Once all those guys are taken out, the reversal back up is usually so fast – you need to be already in it to win it !!

[daz] 30/9/2007 13:01

WJ (and anyone else)

I was wondering if the recent share price weakness could be due to the revision to the tech specs that you mention in post 1744, resulting in delays in card issuance? It seems likely that if IGP have had to spend time on this others must as well and if sites have their idiosyncrasies this may affect interoperability testing and implementation.

If you have a link to a summary of the TSA spec changes that would also be appreciated.

[johndee] 29/9/2007 23:46

was less than 10 pence at the time

[johndee] 29/9/2007 23:45

but was after the crash of 2000/2001

[johndee] 29/9/2007 23:44

2003 I think..if not before..seems ages ago

[rambutan2] 29/9/2007 22:54

johndee,

when was the rhp £12 tip?

[taurusthebear] 29/9/2007 22:25

Soco was 68p back in 1999. So give IGP another 6 years and see what the share price is... :-)

[johndee] 29/9/2007 18:31

The one they really got right was Socco International.....68 pence...now well over 20 pounds.............

[wjccghcc] 28/9/2007 23:27

Well, Taurus, pretty much exactly 18 months after my first purchase at 19p, the share price got to 70p :-)

Since then of course we've had the summer small cap drift. IGP is down 50% from then but I've been looking at several software companies with no negative news who are also down 30-40% from their highs: FSG, MNS, MSR, NBT all of which are pretty good companies growing strongly. I suspect, come March, this will seem a storm in a teacup. Not much fun while it's happening though.

[rabain] 28/9/2007 22:56

237g...IDD results released at 6.03pm Friday, says it all really! If IGP holders are feeling sore, just think it could be worse, you could be holding IDD!

[taurusthebear] 28/9/2007 20:00

WJC has been saying wait 18 months for even longer than APHRO has had a conspiracy theory.

The simple fact is that you both got the market wrong in terms of timing, though WJC may be up on most of his purchases. It's pointless APHRO being upset, he just got it wrong. Learn to accept responsibility for your investments and you'll get a lot less upset, may even live a bit longer!

I may add a few if and when this goes under 30p again.

Off to see the rugger now. Come on, Tonga! ;0)

[237gmoney] 28/9/2007 16:01

well it seems this was destined for 33p so now we are at sell 33p. will the placing buyer now sell at 33p after buying them at 33p??? the MM's have knocked off close to £5m off the Mk cap for the company on a few thousand sells which has to hit the Directors hard.

When will they put a stop to it???

IDD results still not out???? tick tock...

[igoe104] 28/9/2007 09:18

Im sure they will be some annoucements with-in 10 weeks. im hoping to hear news about some deal with oracle plus other annoucments from other partners.

PS ive just booking a holiday for cuba, at the end of november, has anyone been there before on this board.

[237gmoney] 28/9/2007 08:50

Well If Mr. Parris is reading this, I hope he gives us a trading update for H1 within the next 2 weeks. December is a long time to results and this share price needs something to perk it up. What about it Richard???

[aphrodites] 28/9/2007 07:58

rambutan

I can remember a host of C.E.'s and F.D.'s who have got their figures wrong and have spelt the death-knell for their companies.

As we all know very well the City very rarely allows mistakes and when they are made memories are very, very long.

Let us hope any fears expressed here are wrong!!!!!!!!!!!!!!!!!!!!!!!

[rambutan2] 27/9/2007 22:56

well, it is all a bit of a puzzler and a bit uncomfortable.

however, if we are in need of more money that would mean both the fd (who has managed a tight budget pretty well over the years) and giles hargreave (who is a fairly shrewd judge) having got their sums badly wrong at the time of the placing.

that said, i think the raising did shake (private) investor confidence and set an obvious target for the price to fall to if there wasn't some good newsflow, which we guessed wasn't likely over the summer.

it's also worth remembering that not that long ago igp drifted down to the mid teens on a small trickle of sells.

igoe, i posted a hargreave hale link a few weeks ago.

[igoe104] 27/9/2007 18:25

IVE had vbt, in my watch-list for a while, looks like ive missed out on that one.
ive been loading up sft, chinese tax software rebate company instead. who have been selling in software in 2 provinces in china and have over 26,000 companies using there software.
but with-in 3 years they should be able to sell there product to the whole of china which is 31 provinces, which is a big jump in growth.
they sell there software through the government, so there isnt a great deal of risk either.
Like igp i make it a strong buy, its well overlooked.

[wjccghcc] 27/9/2007 17:25

Aphrodites, I'm not sure I agree with your conspiracy theory, particularly as there are many smaller companies demonstrating similar share price performance particularly if they're news-lite like IGP. The credit crunch has shaken a lot of PIs and many are chucking in the towel.

e.g. I recently bought back into Vebnet (VBT) who provide online flexible benefit systems. Similar to IGP, they get upfront fees but most of their revenue is from ongoing usage. Since January, they drifted from 130p to 80p on a trickle of small sells by disillusioned PIs with no newsflow. 2 weeks ago they release sparkling finals and the shareprice is now 170p.