Intercede Share Discussion Threads

[wjccghcc] 15/12/2008 11:06

237gm, I don't have a FY profit target - IGP's revenue recognition is quite conservative and they're still dependent on the timing of some large projects over which they have little control/visibility. However, that dependence is reducing year by year as more projects move to a rollout stage and recurring revenues increase.

I'd like to see a cash balance of 2.5mm or thereabouts, simply to put to rest any lingering concerns about repaying the 2mm convertibles (should it be necessary). And of course, more contract wins ....

Felix - this won't get taken out at 50p. There are enough significant shareholders (including management) to ensure that a fair value is achieved.

[jailbird] 15/12/2008 10:37

i will not worry about this being taken out...

it may or may not happen..so no point fretting about it.

Everyday the take out price is going up!


I think it will not happen until the patent issue is resolved first.
But once that happens , ireckon it will move alot higher.

if they continue on this path..no take out less than £1 IMO.

ID card news will be in 2009 too.

[felix99] 15/12/2008 10:32

thats the problem - just as things get juicy it will get taken out at 50p or so I bet and us poor shareholders won;t see any of the real upside

[igoe104] 15/12/2008 10:11

we have got to be working on at least 14 projects now, so we got to see a big jump in revenues over the next 12-18 months, and i get the feeling this is just the tip of the ice-berg.
When companies see we do the security for the white-house and for nato members on our CV they know they are working the best out there.
with lots more worldwide id cards/retail/smart/health/government/on-line cards we could be working on over 50 projects + a few years down the road.

But i get the feeling we will be taken over by then, for a nice tidy profit.

[237gmoney] 15/12/2008 09:57

Nice to see....they know their onto a good thing....even if its just 14,000 shares....will keep the company in the papers and is all positive news.

[igoe104] 15/12/2008 09:54

LOOKS LIKE THE DIRECTORS ARE BUYING AGAIN.

[wjccghcc] 15/12/2008 09:53

RNS Number : 1239K
Intercede Group PLC
15 December 2008


Intercede Group plc

("the Company")

Director Share Dealings


Intercede Group plc was informed on 15 December 2008 that the following director had purchased ordinary shares of 1p each in the Company
("Shares") on that day.

Name of director No. of shares % of issued share Price Enlarged %
of issued share capital
purchased capital shareholding

Jurek Sikorski 14,000 0.04% 32.0p 106,686
0.29%

[237gmoney] 15/12/2008 09:18

Exactly Boad. every week theres something positive at the moment here and yet the share price is still well below the highs of 2006 when it was a loss making company without the progress it has made over the last two years.

All these contracts (and the Australia one which has yet to be formally announced imo with IGP) are falling onto the bottom line at 99% margins.

WJ, what is your profit target for yr end with what we know now? £200,000 gross profit at 6 months with cash increasing £450,000 in 3 months straight after....I will be looking at north of £500,000 for yr end gross profit and possibly closer to £750,000 if they keep this pace of contracts up in early next year.

Great stuff, keep it coming. Still heavily undervalued here.

[wjccghcc] 15/12/2008 09:13

To give you an indication of the timeline in their business, they won the lockheed contract over 2 years ago. However, the design of the scheme and an extended pilot means that rollout (and significant revenues) are only just starting now.

2 years ago they were only working on 2 big projects at a time. With recent contract announcements, they're now up to 15 long-term projects with a typical lifecycle of 5-10 years so you can get a good idea of where revenues are heading. With approx 75% of the pipeline government-related, management are very upbeat on the momentum in the business despite the crunch.

The patent issue is a pain but not (so far) impacting their ability to win new contracts. Indemnifying clients against patent suits like this is standard in the software industry. On the downside, it could take 2 years and a significant expense to reach the US courts. On the upside, only 3% of similar cases actually get that far. Given Actividentity's rapidly diminishing cashpile (down $25mm last quarter on the back of some lousy investments), hopefully it will get settled in the next 12 months.

IGP is shaping up to be the global leader in this space.

[boadicea] 15/12/2008 08:59

Looks like the loan note holders are on to a good thing.
At least there should now be no large outflow of funds due to non-conversion next year although there may be some profit-taking in the shares if the converters choose to take a short term view.
Also from that date on, with no further interest payable on the loan notes, I reckon that pbt will automatically increase by £120k pa.

"The loan periods were both extended through to 31 May 2009 and interest chargeable was increased to 6% per annum with effect from 1 April
2006. The convertible loan note holders are now able to convert the loans and associated interest outstanding at prices of 20p and 15p per ordinary share for the original £982,000 and £450,000 loans respectively. The loans and associated interest totalling £2,005,000 will be repayable as at 31 May 2009 if they choose not to convert."

[aphrodites] 15/12/2008 08:48

At long last we are starting to see the share price respond to reasonable demand in the market.

Could it be that after the results the directors knowing the Lockheed contract was in the pipe-line were restricted from buying shares until this announcement was released?

If they believe the company is undervalued, as I am sure the C.E. does having previously bought at 29p, then we could well see further director buying now.

Institutions may well be deterred from buying stock because of the illiquidity of the market but that will not prevent directors and small shareholders putting their toes back into the market to take this share price back to a sensible level. But what is a sensible level now we are starting to see these new contract wins?

If it was at 50p 18 months ago when the company was still making a loss I would suggest that with the cash balance and profit under its belt we should at least be at 50p or higher now.

I have a buy order in at 30p and have asked at what price the market will sell 25k. The price offered was 38p!!!!!!

[billbyrne] 15/12/2008 08:33

Nice share price reaction. 2nd on the leader board at the moment.

[rambutan2] 15/12/2008 07:51

Intercede Announces Further Contract Win with Lockheed Martin Corporation

Intercede, the producer of the Intercede MyID® Identity and Credential Management System, today announces that Intercede's MyID system has been selected by Lockheed Martin to power the Lockheed Martin Assured Identity Programme. Under this programme, smart card identity badges will be issued to Lockheed Martin employees, of whom there are 140,000 in total.

The initial orders under this contract will make a material contribution to Intercede's sales revenue during the current financial year
and further orders are anticipated in future periods. These orders are additional to that announced by Intercede on 29 September 2008.

"Intercede is delighted to have been chosen by the world's largest defense contractor to supply software for securing the corporation's
internal facilities and systems" said Richard Parris, Chairman and Chief Executive. "This selection follows a multi-year pilot during which
time Intercede has proven the capability, flexibility and security of the MyID system in a large corporate environment".

[fft] 15/12/2008 07:50

Wish i had topped up with more than 5k last week ! Excellent contract win coming on top of the others.

If Lockheed arent concerned about the patent situation then that sends a strong message to other companies who were having second thoughts.

[topvest] 14/12/2008 15:29

Looks like some more excellent news on Monday. The share price should be much higher as things are really starting to motor here. It's taken a few years, but that rapid growth stage appears to be here.

[mdchand] 14/12/2008 12:49

Dec 14, 2008 (XFN via COMTEX) --
The Mail on Sunday

INTERCEDE WINS ID CARDS DEAL WITH LOCKHEED


IT group Intercede is set to announce a deal with Lockheed Martin on Monday that will see it provide the defence contractor with software for its internal ID card system. A source at Intercede said the contract would result in a "material contribution" to the company's revenue during the financial year and beyond. Intercede this month posted a 28 ercent rise in sales to 1.98 million pounds for the six months to September 30. The company, which already has a contract with Lockheed Martin, lists the White House and several U.S. federal agencies among its clients.

[igoe104] 14/12/2008 10:38

Its looking like a good call from you gmoney, thales have just been awarded the contract, so you would expect igp to be imformed soon as well.

this could be start of a-few contracts in australia, health-cards, all emergency services, all aussie forces etc etc, it could go on and on.

[igoe104] 14/12/2008 01:51

Nice to see your still around spooky, and it won,t be long before (my old china)
taurus is back on-board. hes not stupid he knows hes on a winner with these.

Looks good for igp picking up alot of airport contracts, thales seem to be well involved with them.



ps looks like lots of future business in the usa.

[accumulat0r] 12/12/2008 19:18

237gmoney, Nice bit of research, thanks. Re: #833, you're absolutely right about THALES using IGP's MyID as its Safesign IDMS product:

-------------------------------------------------------------------------------


Long Crendon, 6 September 2007

Following last week's announcement of a new licence agreement, Intercede, one of the world's leading developers and suppliers of smart card and identity management software, is pleased to confirm that the agreement is with Thales .....

..... Thales first integrated MyID with its SafeSign suite of products over three years ago and has since been offering a unique identity management solution to the market.

[taurusthebear] 12/12/2008 17:02

I jumped ship on everything, long ago. Nice margins maintained here, shame about the paltry turnover... :0)

[spooky] 12/12/2008 16:59

igoe104 - I'm still here,not sure i would use a golden boat,it would probably sink :-o)

[igoe104] 12/12/2008 13:46

YES i think your right gmoney, igp annouced they have picked up there first aussie contract in a trading up-date 5/6 months ago.
so it could be this one they are talking about or this could be another up-coming contract ?

(Thales i think are devloping into our no 1 partner.)

ps this is more positive news, for the sector



ps wheres spooky and carty, have these guys jumped ship with taurus. when i jump ship it will be into a golden boat.

[237gmoney] 12/12/2008 13:44

And two OEM partners are merging....Hirsh and SCM....good news I guess as they both use IGP products but doesnt really change the relationships...

[237gmoney] 12/12/2008 13:36

I think theres another new contract coming IGP's way....Im 99.9% sure THALES uses IGP MyID as its safesign IDMS product....I can hear the cash registers ringing right now.....