Intercede Share Discussion Threads

[wjccghcc] 19/7/2005 15:11

Agreed. I'm upto 90k shares and some more spread around family and will look to add when they (finally) start to move. H2 sales last year were 1.2mm with a profit of 132k and cash positive to boot. MyId sales up 81% on the year despite the slow H1. They seem to have great connections with all the smart card companies, MyId is one of probably the top 2 or 3 solutions in the world for card management and has been incorporated into almost all of the ID card solutions. Plus they get a recurring licence per card issued so with the biggest pipeline they've had, the revenue stream will be building.

You only need to look at the 0.5mm Gemplus contract, that's a quarter of last years sales. A few more like that and sales could rise to 4-5mm very easily, and because of the timelag, most of the benefits of their channel partners haven't even started to come through yet.

Of course, contract and delivery timing will impact them for the next year or so, particularly as they are not the implementers so in a way I'm glad there are no forecasts, but 500k PBT this year rising to 1mm+ is easily possible and don't even get me started on UK smart cards, where MyID is probably the cheapest and most straightforward/suitable card management software plus they're a British company plus they already do quite a bit with the government...

Now that they're cashflow positive, the main threat is that they fall behind on R&D (but good communication with channel partners should help prevent this). I know of the Bell solution, which seems to be at the higher end with more bells and whistles, but less easy to implement/use. Anyone know who the other main competitors are?

[igoe104] 19/7/2005 13:13

i think when this company takes off it will go though the roof. for a start its in a fast growing sector. all we now need to know is these contract details. as soon as news is out this company could well be one of the biggest risers over the next 12 months. with a cap this low, this time next year you could see £3 plus. it certainly would not surpise me. i,m not selling any of my 70,000 shares for aleast 18 months.

[rambutan2] 18/7/2005 10:30

come on igp - please be THE ONE.
everything looks in place and ready to deliver.
but micro caps are serial disappointers.
can you be that one in a million that delivers?

[kmacgre] 14/7/2005 20:22

Rambutan,
Gov't bodies maybe, but large sensitive data rich corporations are a must for super smart personnel ID's. I like the gemplus approach in US with MYID built in. They will clean up. This company should fly and take off is tantalizingly near.

[rambutan2] 14/7/2005 10:25

last week's terrible events in london will have given govt bodies etc across the world a bit more urgency in getting, in partic homeland.

[wjccghcc] 14/7/2005 09:47

Thanks kmacgre. Unfortunately the newsletter is subscription based. Still, it's nice we made the headlines with a nice high profile project.

[wjccghcc] 13/7/2005 13:43

Did anyone go?

[jailbird] 13/7/2005 13:37

I would have thought the AGM has finished by now...AGM statement?

[jailbird] 12/7/2005 15:03

some decent buys last 3 days and I've seen the stock move higher on that kind of volume. Some free float about which did not seem about before.

[kmacgre] 12/7/2005 15:02

I too am hoping for an AGM statement regarding some of the contracts being finalized and an update on the US situation.

[wjccghcc] 12/7/2005 14:58

they don't really need to market as they are well known in the industry as a global leader and have all the major smart card companies as partners. If their growth continues (although clearly results depend on timing of implementations as they themselves say), then I'd say 600k profit is possible this year. Puts them on a PE of 10ish which is a complete steal. When they're ready to raise their city profile, they'll appoint a company broker. Then I think you'll see some significant share price action.

[mangal] 12/7/2005 14:43

kmacgre, yes it's not completely new news but every bit of publicity helps; haven't they heard about marketing?

[wjccghcc] 12/7/2005 13:52

Would be nice if we got an AGM statement tomorrow.

[kmacgre] 12/7/2005 13:51

It may be because the library is not new news. This is more of an article covering the fact of the library now using MYID etc.
Tomorrow is the AGM and I'm still not driving up.
Regards

[mangal] 12/7/2005 13:30

Why haven't they released an RNS?

[kmacgre] 12/7/2005 13:23

Release regarding the British Library's usage of MYID. July 12

[kmacgre] 08/7/2005 11:47

Nope, couldn't get away. Price up today, someone {maybe} thinking that our national id card will yet happen?

edit: AGM showing as next wednesday 13th.

[rambutan2] 08/7/2005 11:27

agm was this morning.
anyone go?

[kmacgre] 30/6/2005 08:28

Simon,
Buy a few 000 IGP shares and then ask away.

[simon gordon] 29/6/2005 14:24

If I where I an Intercede shareholder I would ask my management to merge with Bell ID.

The share would receive a better rating.

Scale to sell globally a one stop solution.

Merging R&D.

One sales force.

[simon gordon] 29/6/2005 09:57

Nice order for Bell ID:

09 June 2005

Korea's largest credit card issuer selects ANDiS© Management Systems for roll-out and management of multi-application EMV smart cards Bell ID's Korean business partner HiSmarTech (HST) signed an agreement with BC Card, the nation's largest credit card issuer, for the implementation of Bell ID's ANDiS© Management Systems. BC Card is using ANDiS© to issue and manage approximately 17 million EMV-compliant credit cards for 11 Korean banks and credit card companies over the next 3 years. The project went live in January 2005 and has issued over 300,000 cards since then. HST is providing all required professional services locally to ensure optimum availability of expertise and support.

BC Card is issuing and managing next-generation smart credit cards centrally for Choheung Bank, Woori Bank, First Bank, Hana Bank, KEB, Kookmin Bank, Daegu Bank, Busan Bank, Hanmi Bank, Nonghuyp, and for its own BC Credit Card operation. The smart card portfolio includes a variety of MasterCard and Visa card types, with both GlobalPlatform and MULTOS specifications supported. EMV credit and debit are the initial on-card applications, while applications in the field of electronic cash and transit are available to the individual cardholders via ANDiS© Post-Issuance Personalisation (PIP). PIP enables card issuers and cardholders to change, add and remove on-card content via the Internet and via mobile handsets, eliminating the need to reissue the entire card base if and when changes occur. For BC Card this project is an important step to maintain its position as the leading card issuers in Korea. Mr.Hangchun Lee, Senior Manager of BC Card, states: "BC Card continuously seeks and develops unique services and added value to create loyalty among existing cardholders and to attract new customers. We provide services to 11 banks and credit card companies across the country, resulting in an enormous number of crossreference dependencies. Bell ID's revolutionary ANDiS© solution enables BC Card to centrally process and manage the large variety of products and applications in a multi-issuer environment. We are confident that this implementation will increase customer satisfaction, as cardholders are now able to manage their own credit card and on-card applications remotely via their PC or mobile handset."


Intercede and Bell ID would be a good fusion!

[rambutan2] 25/6/2005 16:31

no, just the normal stuff for a small co i thought, although res 6 is a slightly unusual one. whatever, everything will get voted through, pronto.

[jailbird] 24/6/2005 16:35

Anyone any views on the AGM's agenda..is there anything of interest peeps can read into.

Notice of Annual General Meeting
For the year ended 31 March 2001
Notice is hereby given that the fifth Annual General Meeting of Intercede Group plc will be held at Lutterworth Hall, St Mary's Road, Lutterworth,
Leicestershire, LE17 4PS on Wednesday 13 July 2005 at 9:00 am for the following purposes:
Ordinary Business
1 To receive the accounts for the year ended 31 March 2005 and the reports of the Directors and the auditors.

2 To re-elect Gregory John Roediger as a director.

3 To re-appoint Deloitte & Touche LLP to hold office as auditors until the next Annual General Meeting, and to authorise the Directors to
determine the remuneration of the auditors.

Special Business

To consider and, if thought fit, pass the following Resolutions which will be proposed as to Resolution 4 as an ordinary resolution and as to
Resolution 5 as a special resolution.

4 THAT, the Directors be generally and unconditionally authorised in accordance with Section 80 of the Companies Act 1985 (the "Act") to
exercise all the powers of the Company to allot relevant securities (within the meaning of Section 80(2) of the Act) up to an aggregate nominal
amount of £113,211.46. This authority shall expire at the conclusion of the next Annual General Meeting after the passing of this Resolution (or
15 months from the passing of this Resolution (if sooner)) except that after the date when it expires the Directors may use this authority to allot
relevant securities in accordance with the terms of any offer or agreement made by the Company before that date.

5 THAT, in accordance with Section 95 of the Act, the Directors be given powers pursuant to the authority conferred on the Directors by
Resolution 4 to allot equity securities (within the meaning of section 94(2) of the Act) for cash as if Section 89(1) of the Act did not apply to any
such allotment provided that this power shall be limited to the allotment of equity securities:
(a) in connection with, or pursuant to, a rights issue; and
(b) (otherwise than pursuant to sub-paragraph (a) above) up to an aggregate nominal amount of £84,908.59
and shall expire at the conclusion of the next Annual General Meeting after the passing of this Resolution (or 15 months from the passing
of this Resolution (if sooner)) except that after the date when it expires the Directors may use this authority to allot relevant securities in
accordance with the terms of any offer or agreement made by the Company before that date.

In this Resolution:

(i) "rights issue" means an allotment of equity securities in connection with or the subject of an offer or invitation open for acceptance for a period
fixed by the Directors to holders of relevant shares on the register on a fixed record date in proportion (as nearly as may be) to the number
of such shares held by them or in accordance with the rights attached thereto (but subject to such exclusions or other arrangements as
the Directors may deem necessary or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the
requirements of any regulatory body or any Stock Exchange in, any territory);
(ii) in relation to the grant of a right to subscribe for, or to convert any securities into, relevant shares in the Company pursuant to the power
conferred on the Directors by this Resolution, the reference in sub-paragraph (b) of this Resolution to the aggregate nominal amount of equity
securities is to the aggregate nominal amount of shares which may be allotted pursuant to the right; and
(iii) words and expressions defined in or for the purposes of Sections 89 to 96 inclusive of the Act shall bear the same meanings.

6 To consider, in accordance with Section 142 of the Companies Act 1985, whether any, and if so what, steps should be taken to deal with the
situation where the net assets of the Company are less than half its called-up share capital.