Intercede Share Discussion Threads

[felix99] 23/9/2011 09:17

isnt the biggest thing Roger, that Richard needs 10% to get entreprenuers relief. He had 9.5% so if they sold out he was stuffed tax wise.

Now hey presto he has been awarded 1.8% extra to get 11.3% . Problem solved.

Why he wasnt awardedjust 0.5-1% I dont know and if this whole exercise was to solve the entrepreneurs relief on any takeover then why they couldnt they be issued at 40 or 50p is beyond me - as you say its not beyond the witt of Mr PArris to go along to a bank and say I have an agreed takeover bid from microsoft of 5m x £1.50 a share. Can I borrow £500k to exercise my options please or whatever the cost is !

He would only have an issue in 10 years time when options expire that he had to fund them without any deal and I am sure at that point he could sell enough of them to generate the cash to pay for the options exercise.

Happy with the company as I say - the options lark just leaves a sour taste.

[shanklin] 23/9/2011 07:59

Roger

Which year's EPS provides the base for this RPI+5%. Last year's 4.1p, or this year when they're depressing EPS with all this recruitment?

Thank you, Martin

[roger-lawson] 22/9/2011 21:11

The LTIP is based on eps with targets of rpi+5% - not difficult to achieve as the directors conceded. Questions were answered but not with answers that made sense necessarily and I still don't see the LTIP as justified.

[yump] 22/9/2011 20:01

Need an invite by the look of it.
Happy with the RNS anyway.

Only other thing was the options - were questions dealt with ?

[davidosh] 22/9/2011 15:01

There is an excellent write up of the Agm here...



You may have to join but it is free www.sharesoc.org

[pyman] 21/9/2011 10:32

Cool. So a contract with Vodaphone? or would it be equipment manufaturers? apple would do for me!!!
If something does not happen soon MIcrosoft will eat IGP and well loose 10 years of patient investing. It often happens I ve found. INvesting too far ahead of the curve and being right but jipped out of the real money is soooo annoying.

[yump] 21/9/2011 08:25

Given they are already ready for previewing it publicly then that is very nice going !
Perhaps we'll get a fair old 'buzz' of interest from new investors now that mobile devices are part of the equation.

Be interesting to see what impression the live AGM gives - I expect someone will post later.

[wjccghcc] 21/9/2011 08:05

It's the natural progression if you want to provision mobile devices. It really is a vast opportunity meaning MyID deployment can be conducted much quicker, cheaply and over limitless areas simultaneously.

Nice going.

[yump] 21/9/2011 07:49

Is this something that wasn't known about ?

From the AGM statement:

"...The development of a new technology to enable the over-the-air (OTA) provisioning of digital certificates to mobile devices using MyID. This technology will be previewed at SmartEvent in Nice on 23 September;..."

Reference is made to this as a vast opportunity further on.

[2vdm] 19/9/2011 12:41

If you are going to use the thread as your personal way of communicating re travel to the AGM, I hope that you will be so kind as to let the rest of us know how it went.

[looby loo] 19/9/2011 00:38

FFT,

I've had a word with Rambutan2. He's suggested Waltham Cross would be a much better and quicker train for you from Liverpool Street. So I've said to Rambutan2, I'll pick him up from there at 8:00am. Would that be okay for you too?

[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.