Intercede Share Discussion Threads

[earwacks] 10/10/2022 09:38

Great market reaction . I could hardly look anymore. They have been busy. It was hard to understand how such a specialist company with some of the most important clients in the world in one of the biggest growth markets could be going nowhere. Now we know they might be going somewhere at last, looks very good. Opens a door into the Middle East .Love the bit about 10 times enhanced earnings possibility.

[ianhamo] 10/10/2022 07:43

Intercede Group PLC Trading UpdateSource: UK Regulatory (RNS & others)TIDMIGPRNS Number : 2580CIntercede Group PLC10 October 2022Intercede Group PLC("Intercede," "the Company" or the "Group")Trading UpdateIntercede revenues for the six months ended 30 September 2022 totalling GBP6.1m are approximately 23% higher than last year on a constant currency basis and 24% higher on a reported basis (2021: GBP4.9m on a reported basis). This is in line with management expectations.The Group had cash reserves of GBP10.0m as at 30 September 2022 compared to GBP7.8m as at 31 March 2022 reflecting positive operating cash flow and continued tight cost control as budgeted for FY23.Following payment of approximately GBP2.0m initial consideration, after net debt and working capital adjustments, relating to the acquisition of Authlogics Ltd announced today, the Group had cash reserves of GBP7.9m and has no debt.ENQUIRIES Intercede Group plc Tel. + 44 (0)1455 558111 Klaas van der Leest CEO Nitil Patel CFO finnCap Ltd Tel. + 44 (0)20 7220 0500 Simon Hicks/Fergus Sullivan Corporate Finance Tim Redfern/Charlotte Sutcliffe ECM For more information visit: www.intercede.comAbout IntercedeIntercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.Our vision is to make the highest levels of cybersecurity available to organisations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDTSTFSIFUUEESEES(END) Dow Jones NewswiresOctober 10, 2022 02:00 ET (06:00 GMT)

[ianhamo] 04/10/2022 17:51

WASHINGTON DC, October 04, 2022Intercede Partners with NextgenID to Bring Advanced Identity Proofing to the MarketNew capabilities in credential management and identity proofing for governments worldwide NextgenID, an identity proofing, credential management, and e-G government services company providing patented Supervised Remote Identity Proofing (SRIP) solutions for low, medium, and high assurance identity levels, and Intercede, a digital identity services pioneer and developer of the MyID Credential Management System (CMS), have partnered to unveil the next generation of self-guided and remote identity proofing services to government and business services leaders at the Identity Week America 2022 Conference, to be held October 4-5, 2022 at the Walter E. Washington Convention Center in Washington D.C. NextgenID allows for Universal Enrollment, either in-person or self-service, via their patented SRIP process. Once all required biographic, biometric, and administrative data has been collected, the data is digitally signed, encrypted, and securely sent to Intercede's MyID CMS. There, Adjudicators review and approve the Enrollee's credential request. This collaboration provides for credential activation and the long-term management and maintenance of the credential across multiple credential types. "NextgenID has combined forces with Intercede to provide a seamless experience for our customers. The integration process was simple and easy and evolved as a natural front-end to MyID for the issuance, management, and maintenance of a wide variety of government-issued credentials," commented Mohab Murrar, CEO of NextgenID. He added, "The integrated solution is now at the heart of Departments/Agencies Identity, Credentialing, and Access Management (ICAM) system". "NextgenID's ability to securely collect, qualify, and deliver all required enrollment data, across all assurance levels and platform types, greatly simplifies how MyID receives incoming enrollment, credential activation, and credential management requests," said Klaas van der Leest, Chief Executive Officer of Intercede. "No other solution can seamlessly support complete credential lifecycle management across all assurance levels." NextgenID has created three workflows; new credential, change PIN, and activate alt-credentials (e.g., YubiKey), highlighting the integration with MyID. All workflows will be available for demonstration during the upcoming Identity Week Exhibition by NextgenID at Booth 225. About IntercedeAt Intercede , we integrate secure digital identities into governments and large organizations, securing the flow of millions of citizens, employees, supply chains, and connected devices worldwide. Intercede has delivered innovative cyber security solutions to real-world digital identity challenges for governments, police, military, and multi-national companies for over twenty years. Our robust MyID credential management system (CMS) and broader MyID platform are trusted by leading organizations worldwide. Where identity security matters, you will find Intercede and MyID.About NextgenIDNextgenID creates cross-vertical, end-to-end, Identity proofing and enrollment solutions covering the entire trusted identity lifecycle for individuals, organizations, and IoTs. NextgenID worked extensively with the National Institute of Standards and Technology (NIST) to create supervised remote, high assurance identity proofing standards that led to the publication of FIPS-201-3 and NIST SP800-63-3. Today, NextgenID leads the identitymarket in high assurance identity proofing and enrollmentinnovation for automated, proctored, and remotely supervised identity workflows.

[ianhamo] 08/9/2022 16:40

Both debt free too, earwacks

[earwacks] 08/9/2022 15:15

Hi ian. I suggested a merger to swg to sound them out. They both opened offices on Amsterdam recently. I don’t think they are that much in direct competition as most of Ipg contracts are in the USA. They are similar in size . Difficult to estimate how much they accelerate each other’s growth or cancel each other out. Must be potential for more cross selling. Together they would have a decent sized pot for fully funded acquisition. Maybe not dark! I knew that would come off the rails. Results look promising though which I take as encouraging for swg and igp

[ianhamo] 08/9/2022 09:36

I seem to remember Andrew Walker in a shareholder presentation, saying the company was asked to discuss industry standards and help write code or standards with some kind of cyber authority (FIDO?) If anyone has contact with the company could they ask if this is still ongoing.

[ianhamo] 02/9/2022 10:13

If you listen to their (SWG) shareholder presentation on Investor meet, it sounds like our CEO wrote the script. They even mention if they thought a cyber company that has been in business for 20 yrs was an option, they would consider buying it!

[robsy2] 02/9/2022 07:08

They have an M&A man on board so they are thinking of something. Maybe this company is so niche it can’t expand- it might be better as part of another company?

[ianhamo] 01/9/2022 18:02

Hoping for some kind of M&A with Shearwater Group myself. Based on nothing but gut or wishful thinking on my part ?

[pyman] 01/9/2022 16:39

Currency gains are about the only excitement lately. Come on salssforce!!

[01283] 16/8/2022 09:14

Well we seem to have reached a bit of a low flattening out on share price.

Just wondered if there is light at the end of the DARK tunnel?

[robsy2] 10/6/2022 13:31

Good for you clanger. I agree with your view but will hold off adding more until i see some traction on sales.

[clanger66] 10/6/2022 13:03

After Wednesdays final results and yesterdays presentation I feel a lot more comfortable and have today picked up some more stock. I think if we hadn't been in such a dire market for small cap shares the price would not be at these levels even with last years slowdown. The management strike me as balanced and trustworthy. They just need to sign up some more accounts now and being so highly operationally geared it would have a profound effect on the bottom line.

[robsy2] 10/6/2022 11:48

When Klaas said in answer to a question last night that there is "nothing wrong with the sales function" I was a bit bemused and wrote on the feedback that the tone is bullish but the share price is bearish and the sales function isn't really working as yet- look at the figures...
Anyway, I am happy to give them another 12 months to see what they can deliver because it would only take a modest move up in sales to transform the profitability.

[robsy2] 10/6/2022 11:41

INTERCEDE (IGP): CORP Getting back on track Prelims to March 2022 are in line with expectations amended at the April trading update. -4% constant currency revenue movement vs FY22 (-9% reported) was affected by the absence of large contract wins; however, EBITDA delivery of £0.8m (no R&D capitalised) was supported by 68% recurring Support & Maintenance revenue (£6.7m in FY22, vs £6.1m in FY21) and £2.2m professional services. The quality of product set is still evident in the initial orders from two prestigious Federal Agencies in the final quarter, with the opportunity for substantially larger deployments over time. Deployments with revenues over £20k increased to an all-time high (11 out of 16 new deployments, vs 6 in FY21 and only 4 in FY20), showing the direction of travel is positive. The engagement of new technology partners, and integration & reseller partners, is provably extending global reach leading to 9 new deployments through partners, of which 3 were new in FY22. Uncapitalised investment in the product continues unabated, enabled by the strong balance sheet, which also lends itself to the opportunity to consider M&A. While the year has been a challenge, the opportunity is undimmed, and a recovery in large orders, whether cloud or licence sales, gives the opportunity for significant upside. Target 125p retained, based on a sum of the parts of the replacement cost, 3x recurring revenue, and 1.5x one-off revenue.

[robsy2] 09/6/2022 20:29

We concur! I feel more bullish but On the feedback form i was a bit grumpy. More on that later.

[clanger66] 09/6/2022 20:02

I too watched it Robsy2 and can concur with all your points. I also thought it was interesting that the bulk of their costs are covered by recurring revenue. There was a question someone asked as to why finncaps figures are so conservative considering the fairly upbeat tone of the meeting. The company have intentionally guided low due to how their product has been taken up recently. This led me to feel there is more chance of positive surprises.

[robsy2] 09/6/2022 18:30

Just been to the annual report presentation. They sound quite bullish which is a contrast to the bearish share price performance. Key words used were:
confident of double digit growth,strong pipeline,seeing momentum,UK more active than it has been in 6 years,Order flow now coming in,record number of new client wins, ROW finally picking up,first customer in S America, tightening legislation is driving demand/ expected to drive demand for their products.
If they can get traction on sales then the effect could be very dramatic. If.
I'll give them another 12 months to see if they can drive sales forwards in the business as it stands. Further talk of M&A....
Overall, I am frustrated but can just about see a way forward to the promised land. Time will tell.

[garth] 30/5/2022 17:25

Watching and wondering where this current trend is going to get to in relation to that intraday low on the RNS.

G.

[01283] 20/5/2022 12:45

...considering the same myself. But today it stands out as red in a sea of green.
surely can't be all that bad?

[robsy2] 16/5/2022 12:00

I have bought a few more this morning. Why?
I am trying to bring my entrance price down and stem my paper losses of 50%...
If they can come through with the projected sales for FY23, then this is on a prospective PER of 12. It seems to me that the recent setbacks now leave the shares looking cheap.

[earwacks] 27/4/2022 13:39

I think the boot has rather shifted to the other foot. When I emailed David around Christmas time he was concerned that the low share price of SWG could leave it prone to a takeover. However since then its IGP that has dropped although its PE is still well ahead of SWG. They are both a bit small in my opinion to attract a take over and they are both quite specialised in their own areas. They are both without debt and have a reasonable cash pile. I suggested to Mr Williams then and again today (after congratulating SWG on results) that they should consider merging with IGP. WTF do I know lol. They have both recently opened offices in Amsterdam, they are both looking to expand in Europe. IGP hope to explore Asia to. They both operate through integrators through a third party I believe. IGP have a whole network of partners across the globe. They must be able to cross sell and have significant synergy savings from a merger rather than overpaying for another tiddler, that would take time to integrate and be more risky. Anyway no comment then or now. SWG is seen by Mr Williams as an early stage company with grate potential to grow. He admits that its early reputation as being not very well managed when he came on board as still hurting the company. They have gone a long way to fixing that. IGP has been around a bit longer and again due to poor management came seriously unstuck. Klaas has turned the company around. As he says they have had one bad half year out of the last seven but the company has now paid off loan notes is cash generative, no debt and has unique, virtually impossible to copy identity cybersecurity product with a multi billion dollar market to pursue. The trouble is its a bit like selling insurance. Nobody really ants to pay for it. Now so many companies are having security breached, not only facing catastrophic disruption to business but also massive fines, they are slowly working out that security is a much cheaper option.

[ianhamo] 27/4/2022 12:23

Could SWG be a M&A target?