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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Intercede Group Plc | LSE:IGP | London | Ordinary Share | GB0003287249 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 3.50 | 2.13% | 168.00 | 57,528 | 16:35:18 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 165.00 | 170.00 | 167.50 | 164.50 | 164.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Systems Service | 19.96M | 6.02M | 0.1030 | 16.26 | 96.19M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:18 | O | 5,945 | 168.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/12/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 29/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 28/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 27/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 26/11/2024 | 14:37 | ALNC |  Intercede confident in growth as demand drives strong performance |
| 26/11/2024 | 07:00 | UK RNS | Intercede Group PLC Half-year Report |
| 26/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 25/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 22/11/2024 | 07:00 | UK RNS | Intercede Group PLC Transaction in Own Shares |
| 21/11/2024 | 07:00 | UK RNS | Intercede Group PLC Intercede Teams Up with Infinigate NL |
Intercede (IGP) Share Charts1 Year Intercede Chart |
|
1 Month Intercede Chart |
Intraday Intercede Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2024 | 07:56 | Intercede - global leader in identity management | 4,604 |
| 03/3/2019 | 08:21 | Intercede - overlooked SMART CARD & DIGITAL ID micro cap | 1,090 |
| 24/10/2014 | 11:01 | IGP=EOr. | 13 |
| 19/8/2009 | 22:23 | Intercede, 100% losses on this hyped up tech stock | 36 |
| 04/8/2008 | 22:04 | My next tip of the year | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:01:21 | 168.20 | 5,945 | 9,999.49 | O |
| 16:35:18 | 168.00 | 4,500 | 7,560.00 | UT |
| 16:12:26 | 166.20 | 3,583 | 5,954.95 | O |
| 15:55:54 | 168.20 | 14 | 23.55 | O |
| 15:34:24 | 168.30 | 294 | 494.80 | O |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by Intercede Daily Update Intercede Group Plc is listed in the Security Systems Service sector of the London Stock Exchange with ticker IGP. The last closing price for Intercede was 164.50p.Intercede currently has 58,474,212 shares in issue. The market capitalisation of Intercede is £97,944,305. Intercede has a price to earnings ratio (PE ratio) of 16.26. This morning IGP shares opened at 164.50p |
Posted at 28/11/2024 14:00 by 74tom It's not harsh at all, on 21/11/23 they were trading at 71p and reported H1 EPS of 2.7p & ahead of expectations trading. They then won a large perceptual license deal and still the market wasn't that bothered, with shares holding at under 100p. It was only when the final results landed that PI's got excited and drove shares up to all time highs on basic EPS of 10.3p.This year is likely to see a more than 50% fall in EPS, yet shares were trading at 37x PER going into the results. The lack of an upgrade was a surprise to me, as I've no idea what the company were doing wasting their cash on a share buyback if they knew H2 revenue was on track to be below H1 (£16.1m forecast, so H2 must be on track for £7.5m at present). Plenty will have profits to protect here, so I wouldn't be surprised to see retest £1 in the next few months if they don't win any material contracts. |
Posted at 10/10/2024 09:58 by smithie6 ....it is interesting to look at the chart......while many value or "fundamentals" investors such as myself might laugh at chartists warbling on about third waves & price targets stated with confidence to 0..01% (wharghhh !) the chart is/was very useful here since it nicely illustrates the big & fast rise up in share price, followed by the range bound plateau at the top. In that plateau region with the p/e at a high rating there was a risk of the share price falling back. And the chart makes it easy to imagine the people sitting on big profits that might sell to protect cash 'if' the share price did fall. So, charts can sometimes be useful. |
Posted at 08/10/2024 12:12 by smithie6 but £17.5m would be lower than last year, £20m !!if so the share price will surely fall imo, since it is priced for high growth. |
Posted at 19/8/2024 11:25 by rambutan2 Just to note that IGP have had a relationship with MSFT for many years, done projects with them etc, but nothing that turned into real revenue for IGP. However this reads more like the real deal. |
Posted at 13/8/2024 16:30 by smithie6 "hard to get back out of course ....."----- ..it's not so bad/illiquid imo 125k shares traded today let us suppose that that 50:50 buys:sells (which advfn automatic machine reckons it wasn't) (eventually buys must equal sells, over time) so, 62.5k shares sold at ~£1.6/share = £100k. ....imo today 1 person could have sold 20% of the total without too much hassle, £20k. If you had wanted to sell £40k worth today then you would imo have needed to leave the order to be filled/worked. (or perhaps not, since there were more buyers than sellers today the mkt would probably have gobbled up any more offerred sell trades) And some delayed reporting of trades did happen yoday, for buys I think. If anyone posting on here holds £40k worth of IGP, congratulations ! & yes selling that lot on 1 quiet market day might be tricky, or you just accept a lower quoted price because of the size. But most of us unfortunately don't hold so many IGP shares & we can get out at the quoted price, or better, without any problem, if we wanted. |
Posted at 03/7/2024 09:19 by smithie6 or perhaps it highlights to big investors the existing opportunities in the USA & Canada & also reduces the risk part in the risk/reward equation.I wonder if Carahsoft might obtain any sales for IGP in other continents outside of north America ??? are Carahsoft global or almost solely north America ? (I'm too lazy to look !; with this price action I ain't selling any shares !) we already knew that IGP was involved in some high volume opportunities (I think including USA police IDs & USA vehicle licence IDs &....) ...but this Carahsoft partnership perhaps helps highlight those opportunities to big investors (imo it has been big/rich investors that have pushed up the price so fast & hard; a lot of small PIs wont buy at all after a share goes up from 115p to 135p for the perceived risk of the price going back to 115p) |
Posted at 02/7/2024 10:41 by ianhamo Brokers could be walking the share price up to get a fund raise away at a good price. Acquisition imminent? |
Posted at 28/6/2024 09:47 by smithie6 btwtechical issues today with the on-line client services at AJ Bell ltd (imo AJ Bell ltd has a history of IT problems for client services......imo because they dont spend enough on it....for years it was super slow ....and problems like cancelling a limit order....or getting the cash from a cancelled limit price buy order to be creditted back to the account to allow a buy trade at best (which drives clients mad if they are sitting watching the price rise while the AJ Bell system wont let them buy (& their account has free cash to use). hopefully not a security or hacking issue. a) perhaps AJ Bell should get Intercede or an Intercede partner to do a security review of the AJ Bell systems b) perhaps AJ Bell should consider whether they need to add any products from Intercede. ----- any clients of AJ Bell that are reading, I suggest you open your account & download a pdf file for your account. noting that the current valuation on my account is wrong, it is 2% higher than yesterday (a few £k, not £50) despite no share prices in my portfolio having moved much at all. So, clearly the portfolio valuation function on the AJ Bell system is bust at the moment. What else is bust at the moment, who knows. ------ on-line security & protection of data bases & prevention of hacking & ransomware are daily subjects in the news these days. (the NHS in parts of London are still suffering problems I think because of a ransomware problem a few weeks ago) |
Posted at 04/6/2024 11:43 by marktime1231 Not sure what you mean Smithie, I'm only reminding folk not to assume anything about future trading based on recent performance. Try not to get carried away.When announcing bumper US orders late last year management stressed that the nature of these were one-off successes, not recurring business, and stated that they didn't expect to be able to repeat wins of that scale in future. I'm not taking a contrarian personal view, just echoing the company's own guidance. Now you could take a more optimistic view and argue that the opportunity for Intercede remains strong, and imagine that maybe management have promoted a deliberately conservative view. I am also hopeful that FY25 will be good, a beat on the conservative guidance, the share price movement since the CMD indicates shared optimism. But there is nothing so far in announcements to give confidence it will be anything like the FY24 blow out. So it would be safer to assume that trading will settle to more normal levels. Hence my idea to regard the swollen cash pile as the result of one-off special events when deciding what to do with it. FCF this year should still be positive but nothing like last year. I remain confident that IGP is worth 130p+ and hopefully someone else will see it as more like 150p when tabling a take out bid. |
Posted at 24/11/2023 21:07 by somerset lad I'm not convinced anything is brewing. It may be that the strong share price movement just reflects investors thinking through the operational gearing involved in IGP growing revenues at a decent clip and keeping costs under control. There's a huge gap ("jaws") between GM and operating margin that provides an opportunity for significant operating margin expansion if the revenue growth comes through.IGP said “The ambition over the next 3-4 years is to double revenues" through organic growth and M&A. Purely for discussion (DYOR as always), let's take TTM numbers of £13.0m revenue, £934k PBT, £1.65m PAT and think what IGP might look like in 3.5 years time. Assume organic revenue growth of 12% p/a(IGP’s management is pretty conservative, so I expect they’re aiming for something materially better than 10%, more like 15-20%, but let's not get too far ahead of ourselves) for 3.5 years. £13.0m TTM revenue x 1.12 ^^ 3.5 = £19.3m. Assume costs growth of 6% p/a (with the vast majority of sales through partners, inflation falling and management very focused on cost, they might well come in below 6%). £12.066m TTM costs x 1.06 ^^ 3.5 = £14.8m. Annualised PBT in 3.5 years from organic growth = £19.3m - £14.8m = £4.5m. If IGP’s objective of doubling revenue in 3-4 years is to be met, it would need (on the assumptions of 12% revenue and 6% costs growth) to add £6.7m revenue through acquisition (£13.0m x 2 – £19.3m). (I appreciate that the aim of "doubling" revenue is broad brush, so using £6.7m is clearly spurious precision.) If we assume a post-merger operating margin of 15% on the £6.7m of hypothetical assumed revenue for the acquired business, this adds PBT of £1.0m, taking the PBT in 3.5 years to £5.5m (£4.5m organic + £1.0m acquired). (The purchase price for a business that adds PBT of £1.0m post synergies might be 13x or £13.0m, assuming that the synergies are significant. IGP currently has £9.7m gross cash and is generating cash (usually) ahead of earnings. It’s clearly beneficial for IGP to have net cash on the balance sheet because it provides assurance to large counterparties and partners, but it went into debt with the CLN so, if the acquisition opportunity arises in the near term on relatively depressed valuations, IGP could borrow modestly short term or raise a small slug of equity to support an acquisition at £13.0m.) Returning to the hypothesised PBT in 3.5 years of £5.5m, I’ll assume a tax rate of zero given the current large tax payments to IGP and the tax losses that are carried forward, giving a conservatively stated fully diluted EPS (using 62.4m shares) in 3.5 years time at 8.8p. You can pick your own PE on this hypothetical for a business that’s growing at a decent clip, generating lots of cash and benefiting from strong operational gearing. |
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