Intercede Share Discussion Threads

[earwacks] 27/4/2022 10:57

Just noticed that Intercede announced another partnership with German IT EssendiIT last month. Thought I'd missed the top up opportunity but managed to prize another 10,000 shares today out of the clutches of the Mms. Had to do it in 2 bites, the second being .5p cheaper oddly, but I couldn't get a quote for any more. PE down in teens now, admittedly not a lot of growth but still 9% last year. They have been quiet on the contract front but they have quietly been building on the intergrater front and I suspect contacts are a bit lumpy, having been delayed again in the last few months. I expect to see a sudden surge in contacts later as has been the case with SWG. GL all

[ianhamo] 06/4/2022 10:15

If anyone is going to try to take over IGP, it's going to be sooner rather than later. They would want to get in before any of the mooted delayed deals materialise! IMHO.

[robsy2] 06/4/2022 07:17

Well done farrugia on your timely purchase.
The ceo has spoken as well.
For my part i should correct my previous post;
Any substantial improvement on sales could be very good for the bottom line and the sp……R30;……. By adding that any smallish blip in sales is fairly catastrophic to the bottom line..
It is possible that this could do well from here but patience will be required.

[pyman] 05/4/2022 11:42

agreed - please bid 1 quid.... soooooooo bored now after 10 years ? hope gone.. feeble

[robsy2] 05/4/2022 10:29

Mschand that sounds like a plausible exit.
I’ll give it another 6 months. There is a business there and of course they may still get things moving on their own account but i would think the bod would consider selling out if it feathers their nest.

[robsy2] 05/4/2022 10:29

Mschand that sounds like a plausible exit.
I’ll give it another 6 months. There is a business there and of course they may still get things moving on their own account but i would think the bod would consider selling out if it feathers their nest.

[mdchand] 05/4/2022 09:44

Using advfn figures (large pinch of salt time) the market cap is 26m. Cash is approx 8m. So ev is 18m or 1.8x turnover. For cybersecurity that is very cheap but intercede niche means it's never going to be exponential. However as a bolt on for a bigger cyber player it would make a lot of sense if only to gain access to its client bank. I think a sneaky £1 bid might sway enough shareholders to jump ship. How long do you tie up capital waiting for that to happen?

[thomas11] 05/4/2022 09:04

This is still priced as a high growth tech stock with the value multiple times earnings and a high P/E ratio. With negative growth it’s not looking too good.

[garth] 05/4/2022 08:37

I suspect thus speaks someone who knows, SS.

Best wishes,

G.

[south seas] 05/4/2022 08:31

Truth will out. This company needs a new owner and board to thrive. 4 years ago they blamed the company founder and CEO. Now what's the excuse? The owner and the Board are and remain the problem.

[ianhamo] 05/4/2022 08:28

Whilst the number of new deployments is the highest in recent years, delays have been experienced with a number of large new opportunities that had been expected to close this year and consequently there has not been a substantial license order received during the year ended 31 March 2022. Furthermore, COVID-19 has continued to impact trading outside the US marketWe can only hope they are able to close some of the "Large opportunities" That's if they are still on the table!?

[robsy2] 05/4/2022 08:09

Well there you have it. No real progress on sales. They seem to be stuck. Not much of a market to sell into so I am stuck as well. Not tempted to buy more either.

[pyman] 01/4/2022 11:15

market cap 32 mill... id be thinking of taking this private and then flogging it to big boys in 12 months time ......

[marktime1231] 30/3/2022 13:17

yes well spotted a repeat order, but according to the last trading update revenues had been growing overall by about 10% a year. Net cash flow +£0.5M at halfway. Not the excitement of a breakthrough new order, but coupled with what they said was good fiscal discipline FY bottom line eps improvement should be more interesting. Looking forward to results in early June.

[boonkoh] 30/3/2022 11:14

Existing customer, and doesn't look like scope of work has increased YoY, as its the same $3.4m announced last year. Disappointing they haven't even been able to squeeze an inflation increase.I'm a holder but was also expecting some new customer contracts to come through right before year end, but doesn't look like any is coming.

[pyman] 30/3/2022 10:43

although- it is an existing customer / ongoing biz ...... so where are the new customers???

I m hoping this post will produce a 3mill order from a new customer :)

[pyman] 30/3/2022 10:41

wow- i should be a sales manager - one complaint and pow 3.4mill order ... I shall complain a lot more!

[pyman] 30/3/2022 10:40

Receipt of $3.4m Order

Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that a large US Federal Government order totaling $3.4m was received on 29 March 2022.

This order represents the annual support & maintenance renewal on a longstanding existing project for the period from 1 April 2022 to 31 March 2023. It will therefore be fully recognised as annual recurring revenue during the new financial year ended 31 March 2023.

In line with normal practice, a Trading Update will be provided as soon as possible following the completion of the Company's financial year on 31 March 2022.

[robsy2] 29/3/2022 16:41

Exactly. It’s masquerading as a high tech growth stock until it ahem …becomes a high tech growth stock. I am betting on that.

[pyman] 29/3/2022 16:09

thin volumes...drifting ... i guess 9% growth is not v exciting so PE ratio is ''maturing '' to tesco style...... ok not a fair comparison ... but unless there is some sales growth / action ... this will continue ... Dull can be ok - but not in an AIM high tech growth stock !

[ianhamo] 28/3/2022 12:12

https://www.intercede.com/intercede-lab/intercede-combats-corporate-data-breaches-by-extending-strong-identity-beyond-smart-cards/

[robsy2] 18/3/2022 11:03

Re SWG - could be. Funny you should mention them because i bought some yesterday morning. It does look like SWG could go higher,likewise ITC because unlike SWG the gross margins are a jot short of 100%!!
Any substantial improvement on sales could be very good for the bottom line and the share price
So two different beasts that are both in decent areas of business and have recovery potential. Patience may be required.

[earwacks] 18/3/2022 09:56

Robsy2. I was wondering if yesterdays rise was in part following SWG rise. Cenkos have joined Bernberg in forecasting a value of at least over £2 a share. They are confidant their EBITDA will be at least as good as last year when the share price shot up to £2.20. Fincap reiterated forecast of £1.25 for IGP after interims. Klaas reiterated that the company was proceeding according to plan. Obviously the bulk of earnings come from existing contracts and renewals. They saw 9% growth at halfway. Would be good to know if the are making headway into Europe and Asia now with the accelerated growth partnership. They did say there would nor be another update till year end, but they usually do one in April.
There are many anomalies out there on valuations this is 2 of them

[robsy2] 17/3/2022 21:02

The jury is out on this one,but if this company has really got something to offer then surely the time is now.