Intercede Share Discussion Threads

[earwacks] 13/5/2023 11:21

Completely out of the cybersecurity market. The silence from this and Swg has been deafening. Swg particularly used to issue lots of news about new contracts ergo they dont have any. Expecting only more bad news. Completely overhyped sector or microsoft and apple are rendering it unnecessary. Could be entirely wrong of course. Only my opinion but finding other sectors more profitable and better prospects. Gl all

[ianhamo] 11/5/2023 08:45

Sorted now

[ianhamo] 11/5/2023 08:42

What's happened to the spread?

[zipstuck] 18/4/2023 07:29

Well a £2.8m cash improvement bodes well for IGP. I expect a further acquisition soon and a big improvement in profitability in FY 24

[somerset lad] 17/4/2023 15:49

Normally there's a push to book revenue for March, leaving April and May fairly quiet. This year all the new business since the January TU has been booked in April or later, providing a tailwind for FY24 and making the FY23 comparator less challenging.

[rambutan2] 17/4/2023 15:27

A bit of growth all round - rev, profit and cash all up:

Trading Update
Intercede, a cybersecurity software company specialising in digital identities, provides an update on trading for the year ending 31 March 2023 ("FY23").

As outlined in the announcements of 23 January 2023 and 3 April 2023, Intercede's underlying trading performance has continued to show strong momentum. The Group is pleased to announce that, subject to the completion of the year end audit, revenues for FY23 are expected to be just over GBP12.0m (2022: GBP9.9m), approximately 21-22% higher than FY22 (12-13% higher on a constant currency basis) and, as announced on 23 January 2023, ahead of market forecasts(1).

The combined effect of increased revenues and tight management of costs under the Group's control, is expected to result in improved profitability, subject to completion of the year end audit.

As at 31 March 2023, gross cash balances totalled GBP8.3m (2022: GBP7.8m). This is after a cash outflow of approximately GBP2.3m relating to the acquisition of Authlogics, announced on 10 October 2022. The Group has no debt.

Further details will be provided within Intercede's final results which are expected to be published in June 2023.

(1) The Board consider the current consensus analyst forecasts for the year ended 31 March 2023, prior to this announcement, to be revenues of GBP11.9m and adjusted EBITDA of GBP1.0m. Adjusted EBITDA is defined as earnings before interest, taxation, depreciation, amortisation, IFRS 16, share based adjustments and non-recurring exceptionals.

[ianhamo] 03/4/2023 09:30

Reading between the lines I think those 2 new customers could be worth £1 million!

[zipstuck] 03/4/2023 08:31

23-24 looking very promising

[ianhamo] 19/3/2023 20:28

Nice to see IGP mentioned, pity there's no actual figures mentioned in their forecasts.https://findmarketsresearch.com/2023/03/18/usb-token-market-2023-outlook-and-forecast-2028/

[ianhamo] 16/3/2023 12:12

I seem to remember our ex CFO saying we are helping to write standards with the US authorities. Hopefully we will be the industry standard with PKI.

[pyman] 16/3/2023 11:20

so should we be nervous? more security should be good news .. depending if Intercede are still seen as KEY ....

[ianhamo] 02/3/2023 10:30

https://apple.news/AzKkA3xsjSJC8QkUqGfFSrQ

[earwacks] 21/2/2023 14:37

I’d say and order for 45000 just got filled. Utmost manipulation going on at the moment with low volumes as have seen with Dark. Turns out the parent company of the one shorting it are looking at taking it over. Do the regulators serve any purpose or do they get back handers to look the other way

[ianhamo] 21/2/2023 12:33

Tree shake to trigger stop losses? Brokers need these shares, ready for the next news release. Hold tight.

[earwacks] 08/2/2023 14:00

Could say rearranging the deckchairs, although in this case looks more like the family silver. Possible broker to broker. No way anyone would get their hands on that many shares and not see the share price go through the roof but share price goes down? Staff purchase off the company? All a bit of a fiddle if you ask me the share price was taken down on nothing like these volumes

[ianhamo] 08/2/2023 13:20

Anyone know what to make of those 250k & 275k trades? Institution buying in or increasing holdings?

[ianhamo] 03/2/2023 19:48

If we get a couple more deals through before the YE, as Klass has alluded to, I think we will smash 100ps. Hopefully an extremely upbeat set of results with words like transformational YE24 and I think we could see record highs by the end of this year.

[earwacks] 03/2/2023 13:57

Yahoo! I’m in profit. Now Soros would say get off your behind area and buy more!run out of spare dosh.

[ianhamo] 03/2/2023 10:58

Directors buying again!

[ianhamo] 26/1/2023 15:58

https://www.google.com/url?rct=j&sa=t&url=https://simplywall.st/stocks/gb/software/aim-igp/intercede-group-shares/news/intercede-group-plcs-lonigp-stocks-on-an-uptrend-are-strong&ct=ga&cd=CAEYACoTMzE3OTE1NTQ5NTQwMDA3NzIzMzIaZDY0NzczNDJjZTRkY2M2ZDpjb206ZW46VVM&usg=AOvVaw0gcG9_ZKYRcmgU_-CuCuzh

[sharw] 24/1/2023 09:58

Clanger66 - the figures you quote as earnings are finnCap's figures for adjusted EBITDA. They then give figures for adjusted PBT of 0.6 and 0.8m which are the figures on which they calculate eps.

[clanger66] 24/1/2023 09:09

No they upgraded earnings yesterday to 1mill GBP and 1.2mill GBP. This equates to EPS of 1.7p and 2.06p.Puts the multiple on 41x and 34x for FY23 and FY24 respectively.I wouldn't be surprised to see these upgraded as the year pans out.

[earwacks] 24/1/2023 09:07

Think I’ve read a slightly different finncap report to yours yesterday. Year end revenue forecast now plus 20 percent adj dil eps 244 percent . Possible further contracts could also come into this fiscal year

[sharw] 24/1/2023 07:20

finnCap upgraded adjusted eps yesterday to 1.0 this year and 1.3 next. At yesterday's close of 70 that's a p/e of 70 and then 54 so not a bargain.