Intercede Share Discussion Threads

[wjccghcc] 16/9/2011 16:23

And picked as one if Shares Magazines top 10 hidden treasures.

[wjccghcc] 16/9/2011 16:15

Here's one for the weekend.



"Atos and partners Verisec, Post Office, Thales and Intercede, have been awarded the contract for London IdP by London PSN – delivery of the London Identity Provider (IdP) is finally here and we invite you to the launch of this new service. This event will demonstrate how eTHOS Identity Authentication service provides an end to end solution for secure and convenient employee access to local, regional and national services, all through a single token."

It's the new authentication service for the 33 London local authorities. Initial numbers (in the contract tender) indicated 10k people to start with expanding to 200k by year 3.

If successful, then I suspect it could be rolled out to the public sector nationwide. Ultimately we'll all end up with something similar to access public services IMHO.

[looby loo] 15/9/2011 17:24

David, I agree. I think all things considered, its best to take 2 cars.

FFT, I thought you were based in Huddersfield, so did not realise you were a Mello guy. That's great. So I'll look forward to seeing you Monday evening, to make final arrangements.

In the meantime, I'll give rambutan2 a call to see if he's okay for rendezvous at Brentwood.

[davidosh] 15/9/2011 16:43

Felix99....I thought you were joining us ? You part timers !

[felix99] 15/9/2011 16:34

aw and I was looking forward to finding out what size and colour the case was and what was inside :-)

Say hello to Mr Parris for me - tell him if the options are defensive for a takeover being mulled at £1.50 then I will give him the benefit of the doubt. Would hate for this to be taken private and stolen off the market on the cheap.

[fft] 15/9/2011 16:33

ok. i will check out avis (but there place in huddersfield is stretching the term huddersfield !),

Otherwise, i will leave my case at kingsX, get a train to Brentwood in the morning and go up with LL, and then beg, borrow or steal a lift back to Holborn with DD.

anyway, i'll see you all at mellos on monday !

[davidosh] 15/9/2011 16:15

I am setting off with TrafficCop (Roger) at 7.30am on the morning from Bromley, kent. We will probably head through the Dartford Tunnel and round the M25 with no pick ups unless you think it worthwhile five of us into one car by arranging a meet just off the M25 but it will leave less flexibility for coming back as we will need to leave by 1pm and maybe slightly before depending on journey time going up

We will all be at Mello on Monday evening so could arrange final detail then.

[looby loo] 15/9/2011 15:57

To save cluttering up this thread, let's use this old IGP thread to sort out our travel arrangements to the AGM:



fft, I've replied to your #2853 on there.

[looby loo] 15/9/2011 15:45

Let's use this thread to sort out our travel arrangements for the AGM, 21 September 2011.



fft,

Re Option 1. Have you tried Avis car hire? They have pickup points at London, Rugby and Huddersfield. They do one way journeys. So you can pick the car up at London or Rugby and drop it off at Huddersfield.




Alternatively:





all allow drop off at a different location and have pickup points at London, Rugby, Oldham, Wakefield. (But not Huddersfield.)


Re Option 2. I had only looked at Tube Stations. So yes, a mainline station close to M25 would be better. Brentwood would be fine. Or there's Waltham Cross. Both depart from Liverpool Street. We need to know how that suits Rambutan2.


Re Option 3. I think both cars will probably be heading the same way round the M25.


So I think once we know which option you're going for, we can take it from there.

[davidosh] 15/9/2011 08:06

The LOQ meeting is at Financial Dynamics in Holborn. I will check with Traffic Cop on how the plan can fit together as he may be coming to LOQ too

[fft] 15/9/2011 04:25

LL,
thanks. I have quite a large case, which is leading me to 3 options :-

1. try to get a car from North London somewhere to go to Huddersfield via Lutterworth, problem is finding the same car hire company in both locations. same problem getting a car from Rugby.

2. Use Car 1,but Epping would be too slow and difficult. It would be easier to goto Brentwood, which is on the way from Billericay to the M25 ?

3. perhaps bizarrely, leave the bag in London, get car 1 or 2 upto Lutterworth, get car 2 back to London and then get a train up north. quicker and cheaper than from Rugby. Where is the LOQ meeting in the afternoon as i may as well goto that and then pick up the bag at Kings X before getting the train.

[looby loo] 14/9/2011 15:24

As only fft and rambutan2 have responded to the minibus idea for the AGM, I think I better just forget about that. I'll take my car instead.

I previously suggested rendezvous at a Northern Line Tube Station, thinking that would be best if there were going to be quite a few people going from London. But as there's not, I'm having a rethink. For me, driving by car from Billericay area, it would be much better if you guys could make your way towards the end of the Underground Central Line; say Loughton or Epping. (I've no idea what sort of tube journey that is though, not having travelled on that line.) Would that be okay?

I've been stuck in quite a few traffic jams before, southbound on M1 approaching London. So I think with David having such a tight schedule, it's going to be best if we take 2 cars.

So at the moment, it looks like:

Car 1:

Looby Loo
rambutan2
fft (to be confirmed)


Car 2 (for LOQ meeting, after Intercede):

davidosh
TrafficCop (Motley Fool)



If anyone else wants a lift, let me know. There's still time to hire a minibus - the more, the merrier! And I mean that not just from our perspective - but Intercede's too!

[looby loo] 14/9/2011 15:17

fft,

You're welcome to come with me to the AGM, if you like. I'm going to be picking up rambutan2 from London.

If it's any help, I can drop you off at Rugby Station after the meeting.

'Though could you please let me know what FFT stands for; I'm intrigued. Because if you want to discuss Fast Fourier Transforms throughout the journey, I forgot all that stuff 40 years ago, LOL! ;o)

[looby loo] 14/9/2011 15:06

igoe104,

We certainly could do with "better signals"! Richard Parris' purchase of 10,000 shares on 4 August was very strange. I think it must have been some sort of attempt to send a "signal" to the market. However, I don't think anyone here seems to know what he was trying to achieve!

I get the impression that RP & AW are too wrapped up in Intercede's projects and haven't got time to give the stock market related stuff the attention it needs. They are just too busy, so just leave it all to their house broker. But it would seem the advisory service they're paying finnCap for, leaves a lot to be desired.

finnCap advised Intercede on the share options brouhaha. Their latest research note of 7 June 2011 has a target share price of 100p. If they saw any need to revise that target, I'm assuming they would have had to do so by now.

I'm hopeful that business is going very well and they could be suspicious of an unwelcome predator in the wings. So they might have panicked and thrown the share options thing together in a bit of a rush. So I think that in addition to the share options serving the LTIP, they might also be acting as a "poison pill" type defensive tactic against a takeover. That's what I reckon is going on.

[igoe104] 14/9/2011 10:04

The problem here is the options are exercisible at 1p so that indicates a lack of confidence to me that the directors expect the share price to be going above it's current levels! the management need to sent holders better signals than they are doing at the moment.

As a holder im very disappointed.

[davidosh] 14/9/2011 09:20

fft...You should be able to get a lift with at least one of the guys attending the Monday Mello. There are two planning on going by car if the minibus idea does not work.

[fft] 14/9/2011 09:15

Does anyone know if there is a lift available from London upto Lutterworth next week ? I think it would only need to be one way.

I am finding it impossible to get a one way car hire from inner London to Huddersfield. Maybe they dont like the cars that are registered for congestion charges to head out into the sticks ?

[davidosh] 14/9/2011 08:41

Shanklin....lol

The AGM next week will be interesting. I do hope they have a full and frank explanation ready

[shanklin] 14/9/2011 07:49

Having "announced today that it has secured ISO 9001 and TickIT certification", perhaps for their next trick IGP could certify the non-execs who put in place the ludicrous and greedy options scheme they put in place recently.

[wjccghcc] 11/9/2011 22:13

Less than half do that I've seen. However up to now IGP have had very good investor relations so it would be good of them to set an example.

[iicb] 11/9/2011 21:58

Have you written to them and ask why they haven't been disclosed? Is it typical for them to be disclosed then?

Cheers,
iiCB

[wjccghcc] 11/9/2011 18:50

It's not fishy. An LTIP with an exercise price of 0p or 1p is not uncommon.

However, as David says, shareholders should have the right to know what the performance targets are.

[iicb] 11/9/2011 18:34

Something very fishy is going on with this incentives scheme. Personally, having got out at 70p after waiting many years, I'm not convinced management are operating in the shareholders best interests, and more their own interests. Why are they also buying such small amounts with their own cash? Oh, the incentives at 1p exercise.

Hence, sell is the order of the day with IGP. They'll be another and better time to own these shares.

I used to think IGP would do really well and be a 4x bagger potentially, but now, I'm not so sure anymore and will keep out of it.

Good luck though if you hold.

iiCB

[davidosh] 09/9/2011 11:26

You may have to ask Katie Potts directly but I am certain she was never consulted and I very much doubt that Giles Hargreaves was either. If given proof that they were then I might be somewhat happier as they are seen as very shrewd investors who think like we do and would have guided the remuneration committee in how to structure this sensibly.

[pyman] 09/9/2011 10:26

I wonder what Katie Potts thinks about the options given Herald is a recent investor