Intercede Share Discussion Threads

[rivaldo] 03/10/2007 08:32

Terrific update.

Amazingly considering IGP's complete and utter illiquidity I was able to get 10k at 34.5p first thing - bargain! I'd have got more if I could have.

Considering the progress since the share traded at 30p or so up to a year ago, and the excellent cash position, the share price decline was a welcome opportunity for those sitting and waiting like me. One to tuck away and top up on at the right time for much greater gains methinks.

It also shows you that those who trot out the line "the share price tells you everything" aren't always right.

[jailbird] 03/10/2007 08:27

WJ,

i see they had a cash inflow, which was not expected when comparing
with last year.

If they continue cash inflow form now on the convertible loan could be paid too.

But either way it is small dilution.

[garth] 03/10/2007 08:19

Good stuff :0)

[carly2] 03/10/2007 08:18

Wow, I emailed the company yesterday asking for some kind of update - but I didn't expect it to be that good!! Yeheeee....
Best wishes all holders - and well done management!

[wjccghcc] 03/10/2007 08:12

Aprhodites, I think you owe management a bit of an apology.

[jailbird] 03/10/2007 08:06

all fears put to bed today...no looking back or down now.

[topvest] 03/10/2007 07:28

Good news indeed. Should help sentiment.

[wjccghcc] 03/10/2007 07:27

et voila oh ye of little faith. H1 sales up 20+% (at least 1.6mm) and a net cash inflow of 244k to give net cash of 1.6mm. Running out of funds my ass!


Intercede Group PLC - Trading Update
Article text may be cut off to the right
Click to view article in a new window

RNS Number:0273F
Intercede Group PLC
03 October 2007

3 OCTOBER 2007

INTERCEDE GROUP PLC

('Intercede' or the 'Company')


Trading Update


Intercede, one of the world's leading developers and suppliers of smart card and
identity management software, is pleased to report excellent progress in the six
months ended 30 September 2007. As reported in the 2007 Annual Report, the
Company has continued to execute its strategy to:


* position MyID as the critical product that enables
convergence of IT and physical security systems;

* work with OEM partners on new releases which further
integrate MyID into the core of their product suites;

* work on key projects in the US and beyond; and

* strengthen the team in order to deliver the highest
quality products and customer support to partners and customers.


As a result of all of these efforts, sales for the first half of the current
financial year are more than 20% higher than those for the corresponding period
last year.


Costs and cash have also been kept under control throughout the period, as
evidenced by a half year cash balance of £1,575,000, compared to £653,000 at 31
March 2007. This means that the Company generated £244,000 of cash during the
period, in addition to the Placing in May 2007 which raised a further £678,000
net of expenses.


Further details will be provided when Intercede announces its Interim Results
for the six months ended 30 September 2007, which is expected to take place in
December 2007.


About Intercede


Intercede Group plc is a leading developer and supplier of smart card and
identity management software listed on the London Stock Exchange (IGP LN)
(IGP.L). Intercede's MyID software manages the secure registration, issuance and
lifecycle of digital identities for a wide range of uses. This requires the
integration of multiple technologies and products from many different vendors,
including smart cards, biometrics, digital certificates and Open Platform
applets.


Intercede works with a number of market leading OEM, re-seller and technology
partners that supply MyID technology including: Athena Smartcard Solutions,
Gemalto, Oberthur Card Systems, RSA Security, SafeNet, Thales, VeriSign and a
variety of systems integrators and other security product and service providers.


Intercede and MyID are registered trademarks or trademarks in the UK, US and/or
other countries. For more information visit

[4graham] 03/10/2007 00:28

ram why the hell have they sold out now!? its a worry but i shall hang on to my holding.

[rambutan2] 03/10/2007 00:20

one of the hargreave stable, out yesterday...

KEYDATA AIM VCT 2 plc

Unaudited Interim Results for the period ending 31 August 2007

Qualifying investments at 31 August 2007 by valuation

1. Intercede 39p
--------------------------------------------------------------------------------------------
Investment date May 07 Unaudited results for 6 mths to 31 March 07
Equity held 0.8% Turnover (£'000) 2,620
Purchase Price 33p Profit before tax (£'000) (71)
Cost (£'000) 99 Net assets (£'000) (1,736)
Valuation (£'000) 117

Intercede Group plc is a leading developer and supplier of smart card and identity credential management software. The company's principal product, MyID, is a software solution that manages the secure registration, issuance and lifecycle of identity credentials and devices.

[garth] 02/10/2007 19:28

237gmoney,

"all they had was a online train ticketing system....." Ouch! ;0)

If all that's at issue is a delayed £500K from Thales then let them sell these as low as they like.... and I'll have some more.

G.

[igoe104] 02/10/2007 18:27

ITS been a very disappointing 2007 for igp, who would of thought it would drop down to these levels, its unbelievable.

[wjccghcc] 02/10/2007 15:47

Suggest you email Andrew Walker (the FD) at intercede.com if you want one. They don't usually do one for H1.

[237gmoney] 02/10/2007 15:14

All a bit fishy if you ask me as why would a company issue a positive RNS if they were experiencing problems? the £500k from Thales before H1 possibly didnt materilse and has to fit into H2??? Thats the only possible business reason I can see for why they share price has dropped almost double the rise it put on with the Thales contract.....

And a good suggestion, what price would IGP be if they came to market now with the HSPD12 Contracts, TWIC, FRAC NHS, etc and all the partners...surely more than the £13m or £16m fully diluted....at least double i say if you compare it to the £17m trainline paid for SMRT when all they had was a online train ticketing system.....

A trading update for H1 will clear up all this mess

[rambutan2] 02/10/2007 14:37

wjcc,

yes i've been watching monetise, although haven't partaken.

but i did hold smrt and would prob shed tears (real!) of frustration if the same happened to igp.

i think sog's valuation might also be interesting predators.

the uk mkt still hasn't forgiven the software sector for the tech bubble.

as an aside, noticed this survey yesterday...

[carlos panda] 02/10/2007 14:27

Trades not showing on the system... 15K buy @ 33.167 this morning. There may be more. This makes things look worse than they are and any mark down becomes self-fulfilling. I get the impression that there is either a large seller out there or someone has an interest in depressing the share price

edit: Trades now showing but still hard to see the reason for a 4% drop!

[wjccghcc] 02/10/2007 14:25

Personally I think it's retail investors lacking patience and seeing their profits ebb away and with no news, there are few buyers. With the 500k from Thales and increased maintenance from the 2mm card licenses issued to date, I can't see revenues being any worse than the 1.2mm from last year even with no HSPD-12 or TWIC contribution until H2. In most cases when this happens there is a sudden reversal (e.g. just caught the bottom of Monetise which did the same thing). The difficulty is knowing what's going to trigger the turnaround and timing your buys accordingly.

Reminds me of garth's SMRT where it took a trade buyer to monetise the potential.

[rambutan2] 02/10/2007 13:55

must admit i'm rather hamstrung.

mkt cap £12m (£16m fully diluted) - if you were now to float a company with igp's credentials etc, i wonder what value it would have placed on it?

what on earth would the replacement value of igp's strategic position in the supply chain be?

reading through presentations etc, thales and the other big boys all sounding pretty bullish on the future, both shorter and of course longer term.

US fed stuff is currently happening, albeit at a slightly undefined pace.

igp are pretty much hardwired into these projects.

still, that's the stock mkt for you and for whatever reason it doesn't go much on igp at the mo. this could be down to one fairly minor forced seller, or a more major seller, or a sprinkling of retail investors who lack patience and understanding, or someone playing funnies, or because there is a real problem - i can only really think of funding as a possibility - approaching.

just pondering out loud really. ho humm...

[aphrodites] 02/10/2007 13:21

237gmoney

The investors will not really be tested until this is offered below the 33p placement price. 2p to go!!!!

If I was the F.D. I would be very concerned about my company's share price and possible relations with the institutions who assisted (laugh) in helping to raise the finance earlier this year.

The next few days should really test where this price is going.

I am an Elliott Wave supporter.

The theory didn't work on the way up so should I be worried about what it is saying on the way down?

It is telling me the fall from 41p to where we are now is the first leg down of a further 5 waves. These could take us all the way back to 24p.

As I said the other day it does have a horrible smell about it and I hope I am wrong!

[237gmoney] 02/10/2007 12:15

and down again today???? something must be up???? we know theres been delays but why do the company not say some thing. share price in free fall now. will be bargain hunting soon....

madness how cheap the company share price is going yet there is no buyers because there is no reason to buy!?!?!?

[rambutan2] 01/10/2007 23:02

wjcc, yes, that looks v good news. if it really is as easy as they are suggesting then it has got to be a much easier sell and therefore offer the likelyhood of us getting our share of the rev more quickly.

"By using a SafeSign pilot package, organisations can have the solution operational in under 20 minutes, revolutionising the pilot phase and saving valuable project time... In addition, the transfer from pilot to a full product system is straightforward and efficient."

[237gmoney] 01/10/2007 16:59

A day with no red. Seems the price has stopped falling....for now.

[237gmoney] 01/10/2007 15:16

Also TWIC should finally get off the mark soon



Should be in the next couple of weeks. Hopefully a RNS to confirm involvement.....will perk up the share price

[igoe104] 01/10/2007 15:15

Looking at the last RNS with thales, you kind of expect it to be expanded alot further yet.

[wjccghcc] 01/10/2007 15:06

This is why Thales have expanded their MyId usage. Looks like they're making a big push into broad implementation of Safesign. Any simplification of the pilot phase is a good thing IMHO.


"Thales SafeSign packages revolutionise delivery of identity management and authentication pilot schemes

Thales offers its award-winning end-to-end strong authentication solution, SafeSign, in a range of pilot packages for enhanced ease of installation and configuration
SIBOS, Boston, 1 October 2007

Thales, a leading supplier of IT security products and solutions for all critical infrastructures, today announces that it is launching individually packaged pilot versions of its market-leading identity management and authentication solution, SafeSign. This innovation enables enterprises such as banks and government agencies to assess the value of a solution against their specific business needs in a faster and more cost-effective manner. By using a SafeSign pilot package, organisations can have the solution operational in under 20 minutes, revolutionising the pilot phase and saving valuable project time.

As technology continues to evolve at an exponential rate, banks and enterprises face a huge investment of time, money and resource to pilot hardware and software projects to remain competitive. Thales 's innovative offering enables organisations to easily implement a tailored strong authentication package that they can integrate with internal applications and run a proof-of-concept programme before committing to full-scale deployment.

To meet the wide-ranging security needs of different customers, Thales is launching pilot packages for EMV, Oath, Vasco and mobile phone authentication, as well as a pilot package for PKI authentication. Further SafeSign packages support a variety of other security procedures, including secure Windows log-on, remote access validation and identity authentication for financial transactions.

The range of SafeSign pilot packages features an easy and rapid install and configuration procedure for Thales 's identity management and authentication solution, providing users with the latest technology to securely authenticate user identities and digitally sign business transactions. Thales 's 'plug and play' software approach enables customers to get a security solution up and running quickly and in a cost-effective manner. In addition, the transfer from pilot to a full product system is straightforward and efficient.

Paul Meadowcroft, head of transaction security for Thales 's e-Security activities, says: "SafeSign pilot packages will combat the huge burden that implementing new IT projects can have on an organisation's time, budget and resource. The pilot packages give organisations the flexibility required in today's rapidly changing IT landscape to quickly and easily evaluate new technology that is needed to meet the various compliance and regulatory demands they face."

Thales 's SafeSign pilot packages are compliant with the latest regulations, including the EMV MasterCard CAP specifications.

Notes to Editor:
About the e-security activities of Thales

Thales is a world leader in the provision of cryptographic security products and solutions for all critical infrastructures including governments, the military, satellite networks, enterprises and the finance industry. Thales has 40 years of unrivalled track record in protecting networks up to TOP SECRET and a complete portfolio of products, which includes network encryption, access control and remote user solutions. In the financial world, Thales secures value bearing transactions, data preparation for card and PIN issuing, and provides advanced user and message authentication solutions supported by secure identity management and token issuing. Over half of the world's banks, together with the majority of the busiest exchanges, currently use Thales technology and services.

About Thales
Thales is a leading international electronics and systems group, addressing defence, aerospace and security markets worldwide. Thales ' leading-edge technology is supported by 22,000 R&D engineers who offer a capability unmatched in Europe to develop and deploy field-proven mission-critical information systems. To this end, the group's civil and military businesses develop in parallel and share a common base of technologies to serve a single objective: the security of people, property and nations. The group builds its growth on its unique multi-domestic strategy based on trusted partnerships with national customers and market players, while leveraging its global expertise to support local technology and industrial development. Thales employs 68,000 people in 50 countries with forecast 2007 revenues in excess of €12 billion.