Intercede Share Discussion Threads

[howdydoda] 26/8/2008 20:27

And yes I think there must be a buyer in the wings, but their bloody slow putting their cash to work.

[accumulat0r] 26/8/2008 18:54

Yup, in this rotten market, you don't want to have too much invested in too few stocks .... spread your money 20x in different sectors, IMHO.

[howdydoda] 26/8/2008 17:51

Am not going to commit more cash here. Lots of stocks oversold, need to stay diversified.

[accumulat0r] 26/8/2008 17:20

I'm not convinced the seller's finished yet. Maybe it's a fund manager that's got to dump IGP regardless. (Fallen through stop-loss, perhaps?) They don't care if they've got to sell at a loss because it's not their money .... they just get a smaller Xmas bonus for poor performance ....

If it wasn't for that one buy of 4,000 shares, it would probably have been marked down again today. Though maybe there is a buyer in the wings, as this is a no-brainer at this price. And there must be someone with some spare wonga ....

[237gmoney] 26/8/2008 16:22

Jailbird....the seller has to come to an end sooner or later....the holder was probably a small time investor who just couldnt wait any longer.....

The thing is this company has so much going for it at the moment the share price shows no relationship.....even the dollar is hitting 2 year highs against the pound which means any new deal with RSA will work in IGP's favour.....also the TWIC and FRAC projects are getting better all the time....also the HSPD12 project is still ongoing and all these dollar based projects are increasing in value without IGP doing anything....It might not be much but when your talking about $5-10m projects over time they will make more for IGP in exchange rates alone.....Its all about timing.

[jailbird] 26/8/2008 14:07

15k sold and we up a penny.

Seller is almost done and there has to a buyer in the backround....that is my theory after watching these recently..nothing more makes sense.

[howdydoda] 25/8/2008 18:27

The Bartronics win in India was a cert with their profile. Economies of scale are key in this business.

With IGP stock price so beaten up you would think that the company would receive takeover speculation but over the summer it's been so quiet, it's painful.

[237gmoney] 25/8/2008 17:19

Possibly Bartronics????

Keycorp sells smartcard business for $25m
Date: 26/08/2008

Struggling Australian smartcard and point of sale company Keycorp today said it would sell its smartcard business for $25.3 million to an unnamed international company.

Keycorp said the deal, expected to close by the second week in September, was a strategic move that would allow it to focus on its managed services business.

"The deal produces significant value for Keycorp, and will enable the company to evaluate other opportunities in the Australian and Asian markets," said Keycorp chief executive Ken Carr.

Keycorp had said in January that it remained "committed" to the smartcard business, along with the development of new technologies in the area.

[howdydoda] 24/8/2008 15:59

Good point ram, but what is a fair and reasonable target? 40p, 50p, 60p. I just don't know anymore. Quite frankly I never, and I mean never, have had to wait 12-18 months to make a profit in the past. Having to wait another year or whatever is fine as long as you know you will make a good profit but with so many stocks beaten up there is an opportunity cost. A lot of stocks are half the value they should be and which stock is more likely to 'correct' the quickest is the question and opportunity cost. 50% profit here over the next year to say 30p sounds good but would still leave me at a loss. I need to see us back to 35p or so just to break even.

I am afraid I am a sulking, miserable and angry investor when I lose money on firms of quality like this that should be 2-3 times the price. It's no ones fault, just a total absence of meaningful buying.

I had the option and cash to top up here aggressively over the past month but have hedged my bets and diversified most of my extra cash into PRL and some leveraged CFD's as although this should be at 40p-50p and may go back there, it might not anytime soon.

[davidosh] 24/8/2008 15:55

The problem is that all the small caps have been sold off and no new money has been coming in to the market especially in the quiet summer months. I have tens of small caps where they are on ratings of barely three or four times annual profits so a company like IGP has to compete with lots of bargain stocks where profit is already in evidence and there is a long history of growth. One or two are slowly coming back to life and September may be a good month for picking the bottom.

Three of these small caps listed ten days ago have already moved up by 10-30% so it can happen quickly.



I just think that those with a profitable track record and ultra low rating will be first to benefit as investors will be cautious with the small amounts they have left to invest.

[rambutan2] 24/8/2008 15:34

well, i've reluctantly sold out of some v beaten down resource stocks in order to top up my igp position over the last few weeks. I feel that this time igp really is on the cusp of stepping up a level, and that at this price there is little downside danger. Yes, there might be a quick trip into the teens on a bad mkt day, but it won't stay there. On the other hand, the upside is substantial and barring some unexpected disaster, it should happen over the next 12-18mths. imho.

[howdydoda] 22/8/2008 16:18

This has really beat up my investing confidence. I know markets are bad and its August but to see it go from a high of 45p to 20p, since I bought, is really disappointing and confusing as the news flow is good. There is just an absence of meaningful buys and that is it - no other reason needed. The sells by themselves haven't been large just persistent.

Someone is going to put their balls on the line and buy a stack and eventually make a killing but I am fully invested here and elsewhere now so no more cash to put to work.

Have a good weekend and maybe next week will be better.

[jailbird] 22/8/2008 16:17

well i agree Management cannot due more until next statement.

i can just see I may be kicking myself not buying more at these levels...

infact i will give myself a good kicking as along it goes Up!

[jailbird] 22/8/2008 16:11

well almost neutral again! for the day..not much buy volume either

[jailbird] 22/8/2008 16:10

no problems, just nice know others are around in black and white instead of in spirit...

[wjccghcc] 22/8/2008 16:06

Sorry jailbird, not a lot to add. The company have dropped several hints that the business is going well so not really sure what more they can do until the interim trading statement end Sep/early Oct.

As far as I can tell, the sells are either from fund redemptions or hedging by a convertible holder. Annoyingly, They're putting them through the retail MM who is (not surprisingly) cutting the price until he finds a buyer. Unfortunately, this is a time when the lack of institutional holders here is a disadvantage since normally if you want to sell a large stake, you'd do it off-market and not dump on the MM.

Be interesting to see at what point the seller draws the line.

[jailbird] 22/8/2008 15:58

i do not want to think about this again..but need to get it off my chest

anyone think they be another small cash raising after taking recent large projects contract wins and increase in employees.

someone called it right when 33pcash call came along.

MMs holding alot of stock now...more than they usually like too.

from recent results

Whilst costs have continued to be tightly controlled throughout the period, good progress has been made with the establishment of a US
team to provide sales and technical support to partners. The Group continues to balance the importance of short term profitability against
the need to ensure that resources are in place to meet partner and customer demands.

it does not look like it though...especially with talk of profits expected this year

[igoe104] 22/8/2008 15:55

Don,t think it matters what the company say or do, until buying demand overides selling demand this will continue to fall.
i feel someone playing games with us, but at-least they are losing money, which is some consolation.

[jailbird] 22/8/2008 15:40

I am totally surprised we are gonna be sub 20p any day...hindight hey?!!!!

looks like an all time low trilpe bottom is coming.

[poppa07] 21/8/2008 13:43

Happy to help. :-)

[howdydoda] 21/8/2008 13:35

Thanks for that poppa07. It's a marathon not a sprint but I appreciate your gems of wisdom.

[poppa07] 21/8/2008 13:13

Howdy, got anymore tips you'd like to ramp all over the place?

Tip : During "silly season" when the big boys are on holiday, its wise to wait until near the end before buying.
You were ramping this as soon as the institutions turned up at the airport!

Muppet!