Intercede Share Discussion Threads

[spooky] 19/1/2007 17:29

I'm still here,i am not a seller.

[igoe104] 19/1/2007 17:20

I think we have to be strong favouties, to be involved in this 40 agencies contract. i remember mr parris was in washington a couple of months back, and he dropped a big hint about a big contract. the only danger i see is actividentity.

looks like some interesting trades today. spooky are you still in, or are you our mystery seller?

[igoe104] 19/1/2007 09:39

INTERESTING READ.

[theo13] 19/1/2007 08:24

edit Sorry if anyone read that- mistook 19/12 date for a new contract - still half asleep.....

[pork belly] 18/1/2007 20:39

18 Jan 07
GSA re-issues RFQ for HSPD-12 office

[igoe104] 18/1/2007 13:33

WELL zacname, not to sure about rab knowing that much, they sold gfm as far as i can remember 30p odd about 20 months ago, they are now £1.06 ......... so you can,t read to much into that.

idd are just a punt in my eyes, the only thing they have really done for a while, is to get into the polish market, hardly that exciting?

igp are at a different level, they can hit this card market, from so many different options worldwide, with having so many different partners. they have a great chance to be involved with most things, in this card market.

[zacname] 18/1/2007 11:57

I see what you mean igoe. Have just noticed that RAB have bought another 50million plus of that company I D Data this week. I presume they know what they are doing? RAB is a large investment fund management company with investments under the following headings:Strategy
Description

American Opportunities
Long/short equity strategy focused on North American stocks. The investment approach is based on fundamental analysis, with a strong emphasis on stock-picking.

EMEA
Long/short equity strategy, focused on equities in the Emerging Europe, Middle East and Africa region. The investment approach has a strong focus on stock-picking.

Emerging Markets Opportunities
The strategy primarily invests in a wide variety of fixed income and equity instruments in the Emerging Markets, including Latin American, Asian and EMEA regions.

Energy
The strategy concentrates on investment opportunities in the broadly-defined energy sector. Awarded New Fund of the Year at the EuroHedge Awards 2004.

Energy pre-IPO
The strategy aims for high performance in the global energy sector focusing mainly in oil & gas exploration in pre-IPO opportunities, along with convertibles, farm-ins and private equity.

Europe
Long/short equity strategy focused on European markets and stocks. The strategy combines the disciplines of fundamental investment analysis and market trading.

Europe Event Driven
An event driven strategy concentrating on returns independent of overall market volatility by investing in securities and derivatives in special and event-driven situations, primarily in Europe.

European High Yield
European corporate fixed income long/short strategy. The strategy seeks to produce low volatility returns from both yield pick-up and directional trading.

European Loan
A market-neutral strategy based on investments in the European leveraged loan market and associated derivatives. Leveraged loans are the most senior and secure debt of leveraged companies.

Gold
The strategy concentrates on investment opportunities in the rapidly expanding global gold market.

Index Opportunities
The strategy primarily trades listed index futures on a cash neutral basis combining opportunistic short term trading with slightly longer term high conviction trades.

Japan
Long/short equity strategy focused on liquid, large cap Japanese equities. The investment approach is based on fundamental research, with a strong focus on stock-picking.

New Technologies
The strategy concentrates on investment opportunities in the technology sector.

Special Situations
The strategy aims to produce maximum returns, with minimum investment restrictions. Awarded New Hedge Fund of the Year at the EuroHedge Awards 2003.

UK
Long/short equity strategy, focused on UK equities. The investment approach is based on fundamental analysis, with a strong emphasis on stock-picking.

Internal fund of funds
An internal fund of RAB Capital funds, giving investors the opportunity to invest across all our funds.

External fund of funds
A multi-strategy fund of funds, focuses on selecting talented hedge fund managers outside RAB Capital.

Internal fund of commodity funds
An internal fund of RAB Capital natural resources funds, giving investors the opportunity to invest across all our natural resources funds.

[aphrodites] 18/1/2007 10:21

igoe

I think you should remember that IGP relies heavilly on their clients with whom they enter into a licence agreement to do nearly all of the marketing.

The main point to remember is that their agreements with the likes of G & D and Gemalto relies on them retaining their autonomy to sell their licences to other competitors.

[igoe104] 18/1/2007 09:54

The director, probably never knew that they was going to be a annoucement the following day. alot of the news comes via our partners, zacname.

yes its going to be a red hot sector, i know rab have a holding in idd, can,t think why though? the holders of idd also think, they are going to be involved in the national id card, which is a bit of wishful thinking in my eyes, the company have a poor track record, and are just not big-enough to handle such a order. i tend to look at two things for clues, the companies last statement, and a upping in recruitment levels.

igp mentioned the national id card in a positive way in their last statement, while, idd only mentioned the word european cards, (not such a positive mentioned.) also igp have been recruiting staff, and have been doing lots of demos for the national id card, so i get the impression that the idd holders are in for disappointment.

[wjccghcc] 18/1/2007 09:52

Well actividentity are clearly doing the CMS for consortia #1 and #3. IGP works with both G&D and Gemalto so could be involved in consortia #2 and #4.

[garth] 18/1/2007 09:38

Anything for IGP here?



G.

[zacname] 18/1/2007 09:37

On second thoughts, fund manager would not be impressed by a director buying on the 18th and then an announcement on the 19th? Is that allowed?

[zacname] 18/1/2007 08:13

Institutions may be looking at this. RAB are certainly looking at the sector in general.

[pork belly] 18/1/2007 06:30

more on the renewed GSA contract.

17 Jan 07


"Federal agencies have until Friday to submit their bids."

"Starting in March, agencies will also need to post on their public Web sites a quarterly update detailing the exact number of PIV credentials issued."

"Agencies have until September 2008 to finish rolling out the cards to all employees and contractors."



ps i emailed igp about this 2 weeks ago just to be sure they knew about it.

[rambutan2] 17/1/2007 20:54

aphrodites, let's hope he's a reliable source then!

[aphrodites] 17/1/2007 15:22

rambutan

My source tells me there are no plans to issue any shares at any price!!!

[aphrodites] 17/1/2007 14:58

rambutan

But what's the right price?

£1.20p?????????????

[rambutan2] 17/1/2007 14:53

well, i believe that they would be open to a placing but only at "the right price".

[carly2] 17/1/2007 13:45

Hi all,
Pork Belly - interesting quote that the GSA contract to be issued to just one vendor - if we are in on it, that's another 40 agencies - otherwise it's none!!
and, what a shame to have to wait until March at the earliest ..patience..As you say WJ (brilliant post by the way), the maintenance is not to be ignored - especially when the company has always referred to bringing in not just one off income but an ongoing income stream (of maintenance etc charges)
Aphrodites - thanks for that - I must admit I agreed with WJ that I thought that a share placing at this point was unlikely - let's hope we see some price increase. But thanks for all the informative posts you make - you bring a wealth of experience which is good.
Best wishes to all holders

[wjccghcc] 17/1/2007 12:47

And I suppose the other indicator was there in the interim results:

"As of the date of this statement, we have secured orders equaling the revenues achieved in the whole of the previous year and additional business is expected to close prior to the end of the full year. We are therefore confident of being able to report solid year on year growth for the full year to 31 March 2007, notwithstanding the potential for implementation delays and revenue recognition issues."

Last year's revenues were 2.1mm so with half yearly costs running at 1.5mm and 2.1mm of secured orders, that's quite a big cash boost even if some of the implementations are delayed and/or they don't fully recognise the revenue in this period.

[wjccghcc] 17/1/2007 12:43

Interesting bit from pork belly's article:

"The value of the contract is not yet available. The maximum amount will be based on the price per card multiplied by the expected number of enrollees. There are up to a million potential enrollees, according to Kareis.

Under the BearingPoint contract, agencies paid $110 for each card issued and were scheduled to pay $52 for annual maintenance.

The Interior Department's National Business Center, which runs a competing shared service center, is charging agencies $120 for each card issued, with the first year's maintenance included in the price. IBM and Lockheed Martin Corp. are implementing NBC's card services. In October, NBC said it will issue about 300,000 cards through its shared service center. NBC officials were not available to update that information for this article."

MyID is the CMS/IDMS for the NBC shared service center.

EDIT: The really interesting thing is the annual maintenance charge. One off contracts are fine but if IGP wins, say, 3mm out of the 8mm cards and receives even $1 of that $52 per year in maintenance, that's half their cost base covered.

[yump] 17/1/2007 12:25

imo a flatline share price for a while and then a few wiggles, comes before a rise.

[wjccghcc] 17/1/2007 12:22

Must admit I didn't, simply because they would have done it nearer end September when the US contracts started rolling in.

[jailbird] 17/1/2007 12:16

aphrodites,

no problem, i hope your warnings allowed u to add..:-)


but seriously i think your concern about finance was a valid one..i thought the same thing.