Intercede Share Discussion Threads

[maywillow] 06/3/2003 16:10

latifs, what sort of statement would that be.

"There is no reason according to our current information as to why the IGP Share price has fallen some 40% over the last 3 days".

[rambutan2] 06/3/2003 16:08

interims only released just over 2 months ago...

Key highlights during the period include:

* Intercede is now established as one of the leaders in smart card and
smart ID management software, based on both technical excellence and the
penetration of key channels to market.

* Sales and margins have improved for the third consecutive half year
period, whilst operating costs have been controlled and reduced, thereby
providing a clear trend towards profitability.

* Intercede's edeficeTM software is now being actively marketed on a
global basis via an established network of business partners.

* Edefice has been successfully installed on important customer sites in
the US and Europe.

* Intercede has significantly increased its medium term sales pipeline in
both its existing and a number of new potential markets.

* Driven by customer demand, the Group has released edefice v6.5 and
edefice SP, a new version of edefice targeted at service providers.

Intercede has continued to drive sales revenues, while also maintaining a sharp focus on product development, in conjunction with rigorous cost control. The Board continues to balance the requirement to achieve short term profitability with the need to continue to invest in product development, in order to maximise the longer term market potential.

Finance
As at 30 September 2002, the Group had cash balances totalling #768,000. During the six months ended 30 September 2002, the net cash outflow from operating activities was #1,176,000 compared with #1,293,000 in the year ended 31 March 2002 and #940,000 in the six months ended 30 September 2001.

This increase in cash outflow compared to the previous periods was due to a number of one off items that were expensed in the year ended 31 March 2002 but were actually paid in the current period. This does not reflect the true cash trading position of the Group. If the effects of such timing differences are removed, the monthly cash outflow in the six months ended 30 September 2002 was lower than in previous periods.

Action was taken to reduce costs during the period and the Board is continuing to take appropriate actions to constrain near term costs and cash outflows. Tight control will continue to be particularly critical for the Group as it moves towards profitability and a cash generative position.

[latifs100] 06/3/2003 15:53

dont directors have to issue a statement soon... company law 1985 etc..

[hari] 06/3/2003 13:59

Tried to find the cash outflow from the previous results - over 1.1 Million used but this included a one off payment too. But they had approx 0.75 million left. But I'm not sure what their expenditure will be. But I reckon they must be short of cash. My figures are approx from memory..cheers

[rambutan2] 06/3/2003 13:33

thats assuming that they are out money.

[adriand] 06/3/2003 13:05

rambutan2,

What would be the point of the directors buying existing shares. Would make more sense to buy new shares or provide a loan - its cash the company needs in its pocket not yours!

[salpara111] 06/3/2003 11:49

I guess that the market is preparing for a cash call in the very near future.
I cant see any other obvious explanation.

[rambutan2] 06/3/2003 09:51

!!!!!!!!!!!!!!!!! ????????????? can only repeat what said in post 21. perhaps another delayed sell yet to show. but any trade over a couple of thou will push the price one way or the other. am very tempted.

[maywillow] 06/3/2003 09:46

Could it be that the negative equity has caught somebodys eye.

Lets hope that cash lasts.

[maywillow] 06/3/2003 09:42

15.5p, thats down nearly 25% on only 5500 trades.

Something fishy in Denmark!me thinks

[rambutan2] 04/3/2003 15:48

lafifs, idd has to work much harder to make its profits.
i think that igp will prove to be the rolls royce of the sector with lovely big margins as ever increasing royalty payments roll in.

[maywillow] 04/3/2003 15:31

Oberthur:

Lets hope this is a Guardian Angel for IGP too.

[rambutan2] 04/3/2003 13:05

right, spoke to the co sec and he confirmed my view that all down to mms not wanting to hold any and generally making a mess of things. he upbeat about prospects and a holder himself. long term holders all still there and will wait for payback day.

[latifs100] 04/3/2003 11:06

i watched idd data go down from 6p to 1.5p, market dont like smart card technology?,
so will wait till announcement of some sort.

[rambutan2] 04/3/2003 10:26

just got in. well, am i right in thinking that the fall this week has only been on been on a v few thousand shares unless there is a big delayed sell yet to come. from what ive seen over the last year, the mms dont seem to want to hold at all and on any buy it rises and any sell it falls. for igp approx 12k (?) sells over last two days is a lot and hence the fall. whatever, unless they are about to announce they are going bust, which i very much doubt, the shares are a buy as i expect them to start really picking up some income this year off all the deals made last year. i just cant see the shareholders (all long term) letting it go to the wall at this point. i spose there could be a fund raising in the air, but would have thought they were more likely to get money from another cnv or the like. in any case, it wasnt me selling and will see what the company have to say, if anything.

[maywillow] 04/3/2003 09:21

Where's Ram, our in house expert when you need him

[maywillow] 04/3/2003 09:19

i take that back, the volume is much higher than is the norm.

Somebody knows something perhaps.

[maywillow] 04/3/2003 09:15

Latifs,if there is an announcement out there,somebody might been for warned.

The volume is however is not out of the ordinary imho.

[maywillow] 04/3/2003 09:13

Don't understand the fall,down to 19p now.

[latifs100] 04/3/2003 08:59

waiting for company announcement, been down 10p in two days.

[maywillow] 04/3/2003 08:51

Down again to 22.50p

if its any consolation,most smart card companys are down without reason.

[maywillow] 03/3/2003 11:40

No News,yet down nearly 10% to 27p

[rambutan2] 05/2/2003 14:33

and this from december...

Intercede Reaches 6th on Deloitte & Touche Fast 50 Midlands List

Deloitte & Touche, the UK's fastest growing professional services firm, has unveiled its fifth annual ranking of the Midlands' fastest growing technology companies. Intercede was placed 6th in the region's rankings.

Deloitte & Touche created the Technology Fast 50 to reach out to UK technology companies and champion innovation in the sector. The programme tracks the growth rates of technology companies in seven regions in the UK and Ireland, culminating in a national ranking in December 2002. This year's event is also co-sponsored by techMARK, the London Stock Exchange market for innovative technology companies, and supported by Intellect, the association for the UK's IT, telecommunications and electronics industries.

The Technology Fast 50 programme seeks out those companies that have shown impressive growth rates in the telecommunications, hardware, software and biotechnology markets over the last three financial years. All companies considered for the award must be headquartered in the Midlands region, must be technology-intensive or use unique technology in problem solving, or must devote a high percentage of effort to research and development.

Chris Robertson, Technology, Media and Telecommunications partner for Deloitte in the Midlands said, "In a year of extraordinary adversity and when achieving growth remained the single biggest challenge the technology sector faces, these companies have demonstrated how to achieve excellence in niche markets. While 2002 was a period of retrenchment and soul searching for technology companies, during which many elected to rethink their core business strategies, these finalists have continued to reinvent themselves in difficult circumstances."

"It is all the more vital that the companies who continue to demonstrate strong growth are recognised accordingly for their strong management teams as they are the key to innovation and employment growth in the region and the UK as a whole," Chris Robertson added.

Richard Parris, Chairman and CEO of Intercede, said, "We are delighted to have been included in the Deloitte & Touche Technology Fast 50 listing for the second year running. This award endorses not only Intercede's recent technological achievements but it also proves that a Leicestershire based company can produce world class software that rivals offerings from top companies based in Silicon Valley."

[rambutan2] 05/2/2003 14:32

missed this from last november...

Intercede's edefice™ 6.5 Achieves Entrust Ready Status

Cartes, Paris, France - Intercede, a leading provider of digital identity management software, announced today that its edefice 6.5 software has achieved Entrust Ready™ status. The Entrust Ready designation is awarded by Entrust, Inc. [Nasdaq: ENTU], a leading global provider of Internet security solutions and services. The designation refers to products and services that have been reviewed for operation with Entrust Authority™ 6.0 software.

The Entrust Authority™ 6.0 software product portfolio represents the backbone of Entrust's Internet security solutions. This software portfolio enables identification, entitlements, verification and privacy across enterprise, Web portal and VPN applications.

By using edefice, Governments and Enterprises alike can effortlessly deploy and manage Entrust Digital IDs on both smart cards and USB Keys - providing portability and added security to more confidently authenticate individuals and enable them to digitally sign transactions anytime, anywhere.

Richard Parris, Intercede CEO said: "We chose to team with Entrust because they are a leader in e-security solutions and their solutions are proven to solve business problems for customers worldwide. By testing the operation of our edefice software with Entrust Authority software, Intercede can provide a solution that eases the deployment of Entrust Digital IDs for use on smart cards and USB keys within a proven security environment."

Intercede's edefice™ is powerful digital identity management software that unites smart cards, USB keys, biometrics, Public Key Infrastructure (PKI) and a host of other technologies to provide cost effective identity solutions ranging from corporate ID badges to campus, citizen, health and transportation card programs.

Edefice-enabled identity solutions allow end-users to enjoy faster and more secure smart card-based access to PCs, networks, buildings and services while providing administrators with an intuitive web-based digital identity enrolment issuance and lifecycle management tool.

"We are pleased to grant edefice Entrust Ready status for Entrust Authority 6.0 software," said Ian Curry, vice-president and chief marketing officer, Entrust, Inc. "Our relationship with Intercede enables our joint customers to select the level of investment and security appropriate for protecting their Internet transactions."

Intercede participates in the Entrust TrustedPartner Program, a global program designed to help extend the marketing and services capabilities of vendors who consider security a business imperative. The program is comprised of partners who are leaders in service, technology and innovation and who share Entrust's objective in delivering total solutions to customers.



About Intercede
Intercede Group plc (IGP LN) (IGP.L) is a leading developer and supplier of digital identity management software. Intercede's edefice™ provides service providers and end-user organizations with the tools required to quickly deploy, maintain and manage smart cards, hardware and software tokens, biometrics, Public Key Infrastructure (PKI) technology and other digital credentials. Intercede's customers cover a range of industries and include ActivCard, AIB, Bank of Ireland, Barclays Bank, Colt Telecommunications, Datakey, Dexia Bank, Fujitsu Services, Lloyds TSB and the NHS. For more information, visit Intercede's home page at or call [phone].

About Entrust
Entrust, Inc. (Nasdaq: ENTU) is a leading global provider of enhanced Internet security solutions and services that make it safe to do business and complete transactions over the Internet. Entrust has the industry's broadest set of identification, entitlements, verification, privacy and security management capabilities. More than 1,500 major corporations, service providers, financial institutions and government agencies in more than 40 countries use the security provided through Entrust's portfolio of award-winning technologies. For more information, please visit

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Technologies Limited. All Entrust product names are trademarks of Entrust. All other company and product names are trademarks or registered trademarks of their respective owners.

[maywillow] 27/12/2002 22:27

up today, but as usual on very little volume finishing at 32.50p