Intercede Share Discussion Threads

[jhigylen] 21/7/2008 17:31

The last 2 x 1000 @ 23.9p were my buys. The 2000 (2 x 1000) was the max I could buy online.

[igoe104] 21/7/2008 17:10

Partner wins contract.

[boadicea] 21/7/2008 16:56

No real volume. The buy price this morning (actual - never mind the quote) was 24p. Difficult to say whether 23.9p was buy or sell - there could be a disparity between different mm's, as can sometimes cause zero or negative spread by best execution brokers (admittedly not usually in quiet markets).
The drop doesn't seem to have been a stop-loss fishing expedition by mm's so there may be more to unfold.

Wrt UK id card, the possibility of any early return, in fact any return at all, must surely be fully discounted by the market. It's as good as a dead duck on a compulsory basis at least - and this government won't last to see it in.

[howdy do da] 21/7/2008 16:21

oh my god. Was that a tick up? Is IGP allowed to up as well as down?

[howdy do da] 21/7/2008 15:40

IGP already has revenues and future revenues (the £15m quoted in the annual report) are around 2 times current mkt cap. Future revenues are likely to have a 99% margin as the cost base is fixed not largely variable.

GCM is different as its future is largely dependent on revenues that may or may not realise and is out managements control (Phulbari permit). Beyond that I guess there are similarities.

The more you read about IGP the more reassuring it is. The more you read about GCM the more worrying it is with the firm vulnerable to Bangladeshi dithering and corruption.

[kent_paul] 21/7/2008 15:34

Howdy you are complaining the market is not discounting this company's future sales, despite the fact it has delivered comparatively little in revenues so far whilst also saying GCM rightfully fell as there was no tangible news on the Phulbari scheme. A contradiction?

[howdy do da] 21/7/2008 14:51

He can get me 50,000 shares, maybe 100,000 at a small premium. Beyond that you have to pay a serious premium.

As for sellers he thinks enthusiasm for selling is waning as "it's just not worth it at these prices" but the seller may return if we re-trace up.

The price is been dragged down to find buyers and I think it will work.

[felix99] 21/7/2008 14:38

whats he saying about stock availability etc though?

[howdy do da] 21/7/2008 13:22

I am sure it's the latter. So many investors are getting margin calls on other more liquid stocks and suffering credit-related losses. Market turmoil always throws up opportunities and some guys are going to come through this chaos having picked up some real bargains.

IGP is one of the few companies where retail investors can pick up meaningful percentage stakes in a firm with good potential.

I do think it's time to average down the cost price and buy more. This beaten up share price can't last forever and you have to think that the institutions that are aware of IGP will not have a better opportunity to move their stake to 29.9%, the threshold below 30% before an offer is obligatory.

A 29.9% holder would be the biggest single investor wouldn't they? That is real influence. It will fix soon enough. And as for my broker, he needs a kick in the balls, but he is saying I should buy more, not sell. But that's easy for him to say, it's my money.

[felix99] 21/7/2008 13:02

So what are your brokers saying today Howdy - time to buy more yet. Ive been waiting but it just keeps on falling. Would like to know who is selling and whether it is IGP related or they just need the cash elsewhere. Delighted if its the latter

[howdy do da] 21/7/2008 12:25

Like I said MM's playing games to attract buyers so a seller can continue unloading. It's not just about reported demand and supply (actual transactions) but also about the demand and supply behind the scenes.

I speak to my broker regularly and if you recall my post here when we were about 15p higher I stated my broker had advised me "there are a queue of sell instructions" which can't be met unless there are buys thus the run down in the price until it becomes attractive enough for buyers to re-enter.

As the profile of this firm is low in the investment community and the market cap is too small for most institutions, that process of finding the buyers, despite the very promising long term potential of IGP, is proving a real challenge.

Time fixes these things but in the meantime we are going to suffer until someone attempts to pick up a big chunk and then we will see some sharp volatility until the seller clears his book.

[boadicea] 21/7/2008 12:16

igoe - Actually reported buys exceed sells this morning, but who knows what's in the background?

[howdy do da] 21/7/2008 12:09

Corrected the typo. Thanks eagle eyes.

[accumulat0r] 21/7/2008 11:42

Aye Howdy, "acculumate" (speeling), you know it makes sense ..... ;o)

[igoe104] 21/7/2008 11:42

Yep, its only going down because their is sellers and no buyers, it will bounce quickly, sooner rather than later.

Anyway news on the bartonics front.

[howdy do da] 21/7/2008 11:39

237money, the health of the company and the health of the stock price are not always highly correlated.

I am very happy with the health of the company. The stock price is frustrating but like mdchand I feel there is a forced seller somewhere, rather than this decline reflecting problems within the firm.

Well, I am happy to state for the record I have not sold, will not sell and will accumulate more and am in fact selling other assets to do so.

Ultimately, if we believe in the firm and can buy more then we should take advantage of the low price.

Re-visit the annual report and focus on the £15m of pending revenues and other good news re distribution and JV's. That's my advice.

[accumulat0r] 21/7/2008 11:31

Perhaps it's just a little ID Card paranoia?

Out of the 16 comments posted so far on the Daily Telegraph link below, 15 are anti ID cards. There is just one positive comment - and that's by someone from Switzerland.

So perhaps it might help if some of us use the Telegraph site to post something positive!


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Jacqui Smith warned by first group to be given ID cards that they will not improve security

By Andrew Porter, Political Editor

Last updated: 11:25 PM BST 20/07/2008



The first group of workers to be have compulsory ID cards forced on them have warned Jacqui Smith that the measure will not improve security.

Union staff representing airport workers will this week meet the Home Secretary as a matter of "urgency" to discuss their concerns.

When ministers announced the plans to phase in compulsory ID cards, airport workers were chosen as the first people to have to carry them.

The Government has been determined to bring the scheme in, despite claims that it is a costly waste of time.

However, the Home Secretary is now facing strong criticism from the unions as well as opposition parties.

In a letter to Miss Smith, Frances O'Grady, the deputy general secretary of the TUC, said the issue was also one of civil liberties.

She said: "Unions representing the airport workforce recognise the need for effective security measures, but see no evidence at all that these proposals that these proposals would enhance airport security arrangements.

"They have raised a number of specific issues: the move has significant civil liberties' implications; that it would not be cost effective, and indeed, appears to impose additional burdens on business and employees with no measurable security benefit."

The Unite union, which represents some airport workers, have also attacked the plans, saying it is wrong that workers should face a £30 charge for an identity card before they can apply for an airside pass.

Some estimates put the cost of the ID card scheme at £18 billion over 10 years. The Home Office puts the cost at nearer £6 billion.

Damian Green, the Shadow Immigration Minister, said: "As the ID card scheme comes closer, opposition is rising. It is a significant blow to the Government that the first group who will have to carry them are resisting strongly.

"This shows that when the practicalities are made clear, people recognise that ID cards will not add to security but will damage privacy and civil liberties and cost huge amounts."





Have your say: What is the point of ID cards?

[kent_paul] 21/7/2008 11:17

a lot of stocks off today. must be summer doldrums

[mdchand] 21/7/2008 11:16

Ofc it could be the fact that PI's here are forced sellers to cover losses elsewhere. read some scary news over the weekend about massive CFD losses amongst certain irish investors - so who knows. Its as cheap as chips, but my gut feeling is that a large seller is in the background and until that clears, its on the watch list waiting to be bought. Same thing happened with MOG - went from 150p to 85p (at which point the intra-day volume shot up while the spread tightened) - and then back up to 150p. I'm waiting to see a spike in volumes and a tightening spread to jump in, especially with next interims beginning of Oct - based on last year's rns. (although with only 3 mm's quoting, they may not show the same indicative signs.)

[237gmoney] 21/7/2008 11:03

WTF?!?!?!?!

10% Drop on 22k shares traded.....I hope Mr Parris is watching...time to pull his finger out and let us know whats going on....we have now hit a two year low....is there something we dont know about???

If it gets below 20p will the loan note holders want their money back instead? then Mr. Parris will lose the lot....

[howdy do da] 21/7/2008 10:03

This is just silly now. The market makers must be lowering the price to attract buyers so some distressed seller can off-load.

Sooner or later it will snap back and if like me you are in here for the long run, then it's no big deal, but it's still a pain to see our shares sink into the red on a firm with a great future.

[jailbird] 21/7/2008 09:35

bought 5k this morning and a further drop...

anyhow, if this is a story as we all believe..at these crazy prices ,it is time to accumulate ..and will be as when a few quids come my way...upto to sub 30p

[garth] 20/7/2008 21:56

Yup WJ. I've added a few more. The low valuation here is bound to attract interest, IMO.