Intercede Share Discussion Threads

[hari] 13/9/2003 20:01

Believe in this one...smart cards are beginning to take off now.
The next 12 months will be interesting.

[latifs100] 13/9/2003 18:57

Hundreds of millions of the chip-bearing cards are used around the world as credit cards, commuter passes, health insurance cards and in cellphones. In the U.S., however, their cost, the dominance of older technologies and privacy concerns have stymied their growth.

A U.S. decision last month to issue electronic passports from 2004 -- addressing security concerns in the aftermath of the September 11, 2001 attacks -- will make the United States among the biggest users of smart cards for security and identification.

come intercede just announce the order!!!!!!!!!!!!

[maywillow] 12/9/2003 17:06

its on its way Ram

[rambutan2] 12/9/2003 16:24

thanks for the posts maywillow. im just sat tight and waiting for the light.

[latifs100] 09/9/2003 19:35

waldron, u not the bloke from virtual reality?

[rambutan2] 11/8/2003 14:19

waiting patiently as always.
paulkent, mkt cap according to ic is just over £5m. but must admit that have lost my figures to verify that.

[latifs100] 11/8/2003 14:16

finance director back from holiday, this company based in leicestershire, expecting a positive announcement soon

[paulkent] 05/8/2003 19:58

according to advfn there are only 16million shares in issue...but in the placing RNS it said that one persons holding wouldbe about 6.5million shares, representing about 19% of co...these figs dont add up..anyone know the true numbers or else working out whether the current price is good or bad is pretty tricky!!!!!
ta in advance!

[rambutan2] 23/7/2003 14:43

thanks maywillow, slowly getting there.
not one trade in recent times.
well, we know that theyve got a bit of cash to get by with.
pleeeeeeeaaaaaaaaaassssssssssseeeeeeee land a mega contract!!!!!!!

[waldron] 02/7/2003 00:20

RNS Number:0102N
Intercede Group PLC
01 July 2003


Results of EGM

Intercede Group plc


At this morning's extraordinary general meeting convened to approve the
fundraising announced on 29 May 2003, all resolutions were duly passed.


ENQUIRIES:

Intercede Group plc Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director

[waldron] 05/6/2003 09:03

Ram,For your info

[waldron] 31/5/2003 14:19

Ram, Tick the Edit box on your header,then tick the news box.

[rambutan2] 30/5/2003 13:42

hmm. too busy yesterday to read/post. well, thats an extra 21.5m shares to be issued in total when cnv and wrrs included. think it a bit too much of a private party, dishing out the goodies at 7.8p (howd they come to that figure?) to the current big holders, including the management. they dont get diluted but everyone else does. although to be fair there probably arent many others holding. and this being done just when things look set up for some hay. will be giving them a ring.
re the results, i feel quite cheered and they read quite bullish. whatever, management have no excuses now not to deliver this year what with the extra funds. i still think they could be massive.
waldron, how do i do it?

[waldron] 30/5/2003 00:51

LONDON (AFX) - Intercede Group PLC said it has cut its year to March pretax
losses by half, following a 50 pct hike in sales.
The company said both sales and margins have improved in the fourth
consecutive half year period, while operating costs have been cut, providing a
clear trend towards profitability.
Chairman and chief executive, Richard Parris said: "Following a further
period of excellent financial and commercial progress, the Group is well
positioned to deliver significant growth in the short to medium term."
In the year to March, the company reported sales of 1.8 mln stg, against 1.2
mln stg the year before, while pretax loss came in at 1.1 mln from a loss of 2.2
mln previously.
Intercede also announced the placement of 17,582,672 new shares at 7.8 pence
per share, to raise 1.37 mln stg.
The placing is subject to shareholders' approval at an EGM to be held on
July 1.
[e-mail]
ra

[waldron] 30/5/2003 00:46

Ram,could you include the advfn news facility into your header.

thanks
W

[waldron] 30/5/2003 00:43

RNS Number:6785L
Intercede Group PLC
29 May 2003


Intercede Group plc ("Intercede", the "Company" or "Group")

Placing


1. Introduction


Intercede is pleased to announce that it has today raised approximately #1.37
million (#1.25 million net of expenses) in a placing (the "Placing") of
17,582,672 new ordinary shares (the "Placing Shares") by Credo Corporate Finance
Limited ("Credo") at a price of 7.8p per share (the "Placing Price"). The
Placing is conditional on shareholder's approval at an EGM to be held on 1 July
2003 (the "EGM").


2. Background to, and reasons for, the Placing


Over the last year the Group has continued to make significant commercial
progress in terms of securing wider market penetration through its channel
partners. At the same time the Directors have been working hard to manage cash
reserves. Action has been taken to reduce overheads during the year to 31 March
2003 and the board is continuing to take appropriate actions to constrain near
term costs and cash outflows. However, in order to provide the Group with
additional flexibility as it moves towards a position of profitability and cash
generation, the Directors have taken the decision to proceed with the Placing.
The decision to raise funds in this way, rather than by some form of pre-emptive
issue to shareholders, has been taken for a variety of reasons, primarily having
regard to the speed and cost effectiveness of the Placing.


3. Details of the Placing


The Placing is intended to raise approximately #1.37 million (#1.25 million net
of expenses) in aggregate by the issue of 17,582,672 new ordinary shares at the
Placing Price. Whilst the Placing does not represent a formal pre-emptive offer
to Shareholders, Credo have placed 15,595,105 Placing Shares with clients who
are existing shareholders of Intercede. In addition, the following board members
have conditionally agreed to subscribe in the Placing as follows:

Director Number of Existing Shareholding Percentage of
Placing Shares holding of following enlarged issued
conditionally ordinary shares completion of share capital
placed with the Placing
director

R A Parris (note) 769,232 5,643,000 6,412,232 18.9
A M Walker 1,089,744 158,333 1,248,077 3.7
J S Sikorski 37,821 16,666 54,487 0.2
R Hoggarth 90,770 20,281 111,051 0.3


The Placing is conditional, inter alia, on the passing of the relevant
resolutions at the EGM, and admission to AIM of the Placing Shares. Application
will be made for the Placing Shares to be admitted to AIM, which is expected to
take place on 2 July 2003.


The Placing Price represents a discount of 60 per cent. to the current
mid-market price. The current state of the equity markets has played a
significant role in the size of such discount, however the Directors are of the
view that the Company's need for further funds significantly outweighs the
effect of the dilution caused by the Placing.


4. Capital Reorganisation


Since the Placing Price is less than the current nominal value of the ordinary
shares, the Directors are required by the Companies Act 1985 to reduce the
nominal value per share in order to complete the Placing. The Directors are
proposing that the Company effect a subdivision of each of its existing ordinary
shares of 25p each into 1 ordinary share of 1p each and 24 deferred shares of 1p
each ("Deferred Shares"). The Deferred Shares so created will have minimal
rights attaching to them and will therefore be effectively worthless. No
application will be made to have the Deferred Shares admitted to AIM nor will
any share certificates be issued in respect of them, nor will CREST accounts of
shareholders be credited in respect of any entitlement to Deferred Shares.


5. Warrants


In part consideration for services provided to the Company in relation to the
Placing, the Company has granted Credo a warrant to subscribe at the Placing
Price for up to 1,017,100 new ordinary shares at any time up to 29 May 2008 (the
"Credo Warrant"). The Credo Warrant is conditional on shareholders' approval at
the EGM.


6. Loan stock


In recognition of the dilution to be faced by the holders of existing Intercede
convertible loan stock once the Placing Shares are issued, they will be granted
warrants to subscribe for up to 2,982,919 new ordinary shares at the Placing
Price at any time up to the existing conversion dates of 11 December 2006 and 31
March 2007 (the "Loan Stock Holders' Warrant"). The Loan Stock Holders' Warrant
is conditional on shareholders' approval at the EGM.


7. Board change


Jayne Murphy has agreed to resign from the board with effect from 29 May 2003
for corporate governance reasons. She will continue to be employed by the Group
in the same executive capacity.


8. EGM


The EGM has been convened for the purposes of the Placing. Resolutions will be
proposed so as to empower the Directors to allot the Placing Shares for cash
other than on a pre-emptive basis to shareholders and to enable the Directors to
allot ordinary shares pursuant to exercise of the Credo Warrant and the Loan
Stock Holders' Warrant. A further resolution will be proposed to effect the
Capital Reorganisation and to establish the rights attaching to the Deferred
Shares in the Company's articles of association.


A circular to shareholders will be posted in due course setting out the details
of the Placing and convening the EGM. Copies of this circular will be available
free of charge from the Company's registered office, Lutterworth Hall, St.
Mary's Road, Lutterworth, Leicestershire, LE17 4PS for a period of one month
from the date of posting.


Note


The interest of Richard Parris includes that of his spouse, Jayne Murphy, whose
holding was previously disclosed separately. As the above announcement confirms,
Jayne Murphy has today resigned from the board of Intercede. Jayne Murphy
subscribed for 128,206 of the Placing Shares, which are included within Richard
Parris's subscription above.


ENQUIRIES:

Intercede Group plc Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director







This information is provided by RNS
The company news service from the London Stock Exchange

END
IOEBBGDUGSDGGXC

[waldron] 30/5/2003 00:39

RNS Number:6780L
Intercede Group PLC
29 May 2003



INTERCEDE GROUP plc

("Intercede", "the Company" or "the Group")


Preliminary Results for the Year Ended 31 March 2003



Intercede, a leading developer of electronic identity management software today
announces its preliminary results for the year ended 31 March 2003.


SUMMARY


* Turnover increased by 50% to #1.8 million (2002: #1.2
million) and pre-tax losses halved from #2.2 million to #1.1 million


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


* Intercede is now established as one of the leaders in smart
card and identity management software, based on both the excellence of its
edeficeTM technology and the penetration of key channels to market


* Intercede's partners have sold edefice-enabled products to
a number of US Federal Government Agencies, as well as to companies in Europe
and the USA


* Edefice has been selected as a preferred product for
installation in a number of high profile demonstration sites in Europe and the
USA


* Placing agreed to provide #1.25 million of additional
funding (net of expenses)



Richard Parris, Chairman & Chief Executive of Intercede, said today:


"Following a further period of excellent financial and commercial progress, the
Group is well positioned to deliver significant growth in the short to medium
term."


29 May 2003

ENQUIRIES:

Intercede Group plc Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director




INTERCEDE GROUP plc


Preliminary Results for the Year Ended 31 March 2003


CHAIRMAN'S STATEMENT


Following a further period of excellent financial and commercial progress, the
Group is well positioned to deliver significant growth in the short to medium
term.


Introduction


Intercede Group plc is a leading developer and supplier of identity management
software for the government and corporate sectors. Its main product, edeficeTM,
is a powerful smart card and identity management software that unites smart
cards, tokens, biometrics, public key infrastructure (PKI) and a host of other
technologies to provide cost effective smart ID solutions ranging from corporate
ID badges to citizen, driving license, health, campus and transportation card
programs.

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

The world market for smart card products and services is forecast to grow at 11%
per annum to US$8bn in 2006. Growth will be fuelled, in particular, by demand
for multi-application smart cards, migration from magnetic stripe cards to chip
based cards for financial applications and generic growth in Asia/Pacific. Other
emerging market sectors include corporate ID cards, transit systems, citizen
cards and government benefits schemes. The US market is projected to increase at
a nominally rapid rate from a small base. Growth will be most rapid in software
and high end services including systems integration. (Source: Freedonia Group
Market Report April 2003).

All of these sectors and regions have emerging needs for smart card and identity
management software such as edefice. The Group's opportunity is to exploit the
large market potential, using its established technical lead, ahead of the
relatively few existing competitors.

Results


Despite difficult trading conditions, I am pleased to report that sales have
increased by more than 50% from #1.2m to #1.8m. This, coupled with an increase
in gross margins and a reduction in overheads, has resulted in the level of
operating losses being halved from #2.2m to #1.1m.


Throughout the year, the Group has substantially reduced the level of cash
outflows on a quarter by quarter basis. However, in order to provide additional
flexibility in pursuit of the Group's strategic objectives, a Placing has been
agreed which will raise approximately #1.25m net of expenses. I will be writing
to you separately about this transaction which is subject to shareholder
approval at an Extraordinary General Meeting of the company on 1 July 2003.


Strategy and Outlook


In my statement last year, I highlighted that in the 2002/03 year the Group
would be focused on executing its strategy to ensure that:


*Existing partners successfully sell edefice-enabled products to their
end-user customers.
*Product development remains world-class and competitive.
*New partners are signed.
*Gross margins are increased.

I also remarked that:


"A critical measure of success in the next 12 months will be the Group's ability
to secure wide market penetration through channel partners while managing cash
reserves."


After 12 months of continued progress, I am pleased to report success in
executing this strategy as demonstrated by the following:


*Intercede's partners have sold edefice-enabled products to a number of US
Federal Government Agencies, as well as to companies in Europe and the USA.
*Edefice has been selected as a preferred product for installation in a
number of high profile demonstration sites in Europe and the USA.
*Intercede has signed new partnership agreements and is at an advanced
stage of negotiation with a number of smart card manufacturers, security
product producers, service providers and systems integrators.
*In an emerging market, Intercede has penetrated more channels to market
than our competitors.
*Gross margins have grown from 62% to 71% year on year.
*Intercede is approaching breakeven within the next financial year as a
result of all of the above efforts, coupled with tight cost control.


Our strategy in the forthcoming year is to drive sales growth by exploiting the
Company's technical product lead, principally using the distribution channels
that have been established over the previous year. In line with this approach,
product development strategy will focus on the adaptation of existing
technology. This will facilitate early exploitation of the emerging and growing
markets for identity management software under the Intercede MyIDTM solutions
brand.







Richard Parris

Chairman & Chief Executive

29 May 2003


INTERCEDE GROUP plc


Preliminary Results for the Year Ended 31 March 2003


REVIEW OF OPERATIONS


ActivCard and Datakey commence sales of edefice based products to global
customers and further important agreements are secured with GemPlus, Northrop
Grumman and Thales.


Product Design


The Group's software is called edefice. This is a broad based proprietary
identity management platform that is finding wide application with customers
around the world.


The latest version of edefice, version 6.6, was launched in March 2003.
Conceived to be a management platform for corporate IT security, edefice has
evolved over the last two years into a highly scalable and globally competitive
identity management system suitable for deployment in many different markets.


The Group is now switching its focus to producing a number of sector specific
solutions based on edefice. These solutions will be marketed under the MyID
brand name eg MyID Citizen, MyID Campus, MyID Corporate.


The edefice platform is powerful because it enables any workstation with an
Internet connection to become a distributed yet secure and centrally controlled
identification management station. Edefice is a sophisticated product that makes
very complicated security products, processes and technologies (typically
provided via a number of different manufacturers) simple to deploy and easy to
use.


The strength of the Group is the intellectual property embedded in edefice and
the high quality of its workforce, both of which the Group works rigorously to
protect and nurture. Edefice represents more than 60 man years of development by
the Group's in-house technical team.


Business Development


The Group's preferred route to market is to license edefice to global product
and service companies who embed the edefice technology within their own branded
product lines or service offerings.


To date, Intercede has sold more than 200,000 edefice licences through its
partner network and significantly more licences are expected to be sold through
a step change in the Group's distribution network. Important new relationships
have commenced with GemPlus, Northrop Grumman, and Thales.


These relationships will enable Intercede to sell its edefice product throughout
the world without the need to establish a costly international infrastructure.


The Group continues to resell third party security products, primarily within
its established UK market, to the finance and public sectors. These activities
make an important contribution to earnings. However, as a proportion of total
revenue, these earnings will continue to reduce as the Group moves to an
international indirect distribution model.


Competition in the market for identity management software has been slow to
emerge, mainly due to a general reduction in R&D expenditure within the software
industry and the smart card sector in particular. Under these circumstances, the
Group has an opportunity to exploit its technical lead in a number of market
sectors and to gain a predominant market share in advance of the market
maturing.


International Expansion


The growth in international business over the past 12 months reflects the
success the Group has had in establishing overseas distribution channels. This
trend is anticipated to accelerate and the Group is targeting to generate the
majority of its revenues from international sales in the next year.


All international sales are conducted through selected channel partners, managed
from the Group's UK offices and supported by the Group's website. This approach
is proving to be appropriate and highly cost effective.

[waldron] 25/5/2003 09:19

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