Intercede Share Discussion Threads

[237gmoney] 14/5/2009 10:47

Aother good contract in Europe. Seems the news was leaked yesterday hence all the buys. I guess the contract was with gemalto and a big european bank is great business as there are many out there who need to update their systems.

If the loan note holders are looking to sell all these contracts can only help their cause. I guess we will find out in the next two weeks what happens...

[felix99] 14/5/2009 10:43

So they might get forced to find £2m which i why I am not buying more till its resolved. I don;t think they will have a problem if they had to do a placing to take them out - just a question of what price it is to be done at.

Not that us minnows will see any of it but if there is a placing I will happily throw my hat in the ring for quite a few- specially if they are going really cheap.

a Placing to shareholders with Clawback would be nice but its too expensive and it will end up that someone like you Aphrodites who has a big slug of cash will get offered a bargain of a placing I bet.

If you need a hand let me know I might be able to get a few hitters together !

[rambutan2] 14/5/2009 10:23

Aphro, perhaps the cnv holder/s just don't have (enough) cash. And as we know, credit isn't easy to get hold of these days.

My experience is that most folks outside the City don't really understand how the greasy wheels work when it comes to share placings, brokers etc etc. Hopefully, Finncap are going to be on best behaviour and make a real effort to prove what a top broker they are - assuming that the cnv holder/s allow them to help.

[aphrodites] 14/5/2009 09:57

It has been suggested to me that one or more of the holders of the convertible stock might be sounding out the market to find a willing buyer of the shares on conversion.

On the one hand there is the seller who wants to get the best price possible and on the other a potential buyer who wants it as low as possible!

Didn't anyone tell the holder to keep his cards close to his chest and convert!!!

I would have thought that ideally, IGP would want to repay the loans.

The last set of accounts says:
The convertible loan notes mature on 31 May 2009 at which point each of the loan
note holders will elect whether to exercise their conversion rights (at exercise prices
of 15p and 20p per ordinary share for the original £450,000 and £982,000 loans
respectively), agree to a further extension of the loans or request the repayment of
their portion of the loans plus accrued interest to that point. The total potential
repayment including interest is £2,005,000.

[pyman] 14/5/2009 09:56

very leaky. Useful to know! $250,000 to IGP or thats what the contract is worth stand alone?

[rambutan2] 14/5/2009 07:45

Seems like we were a bit leaky yesterday...

"This new order demonstrates Intercede's further penetration into the European
market. It also shows that major banks are continuing to make investments in new security systems, in spite of the global turmoil in the financial services sector", said Richard Parris, Intercede's Chairman and Chief Executive. "This business was won after a competitive procurement process that once again highlights Intercede's MyID as the leading product in its class."

[237gmoney] 13/5/2009 21:55

All trades were buys today by all accounts and in small lots.....has this been mentioned in any share mags recently? odd for there to be so many buys out of the blue

[igoe104] 13/5/2009 13:29

YES IF the amercians do go along with the real-id project, we will all be smiling all the way to the bank if a expected involvement takes place. i reckon there are 240 million amercian drivers, so if every-one has a biometric drivers licence, we could be looking at £5+ a share. we will just have to watch devlopments on the real-id, but id expect it to happen evenually because the guys who crashed the planes into the twin towers, had false driving licences.

but as we know igp arent a one trick pony there a hundreds of projects igp could be involved in.

[archa] 13/5/2009 11:57

Centrepoint, I trust you were one of this morning's purchasers, I didn't think it would start to move quite so quickly. 60p here we come.

[237gmoney] 13/5/2009 11:35

Also a 4 mth backlog for ID Cards in San Francisco...



Seems the US is starting to get the ID Card bug what with ID theft on the up. All works in our favour.....

[237gmoney] 13/5/2009 11:31

Igoe,

found this interesting clip on real ID. worth a quick look but nothing major to report. I know you would like IGP to be involved in some way and the TWIC project will help our cause.....

[aphrodites] 13/5/2009 10:07

237

The recent mark down looks to me to be an attempt by the MM's to shake the tree and unsettle a few holders into selling some stock.

The 40k sale at 40p would in the past have been too big for the MM's and they would have slashed the price.

We were hoping they would try to get the price down a bit further and have had a bid in to buy reasonable size at 41p should the price get there.

No such luck now.

We have a large holding in a share called Scotty which is as illiquid as IGP.

The Chairman made a very bullish statement recently about forthcoming contracts when the price was around 40p and the share price is now 63p.

Likewise, we are very confident we will see the IGP price nearer to 60p shortly.

[237gmoney] 13/5/2009 09:13

Trade is starting to pick up again. Possibly news on the convertables is good and the MM's do not want to caught out. could be ready for another leg up. should hit the 50p region after results. My guess is more clarity on the TWIC project and the news of how much IGP make from each card in comparsion to the first 1m cards will show quite a big jump in revenue for IGP and the forward looking forecasts may have to be moved upwards....

[237gmoney] 12/5/2009 13:47

Sales continue to grow in the industry.......can only be a good sign.

[pyman] 11/5/2009 10:43

yup. convertable holders are taking it to the wire. Would they realise a capital gain on conversion? I m thinking not but please correct me if wrong.

[igoe104] 09/5/2009 12:54

IGP have gone from working on 3 projects 18 months ago, to probably over 20 now centrepoint2,and this is just the tip of the ice-berg, i feel alot of countries like australia/ europe will be increasing the need for igp software, if you look at igp ceo rich parris comments (there is a air of confidence when annoucing contracts recently )that he expects alot more to come in the pipe-line, also if you read thales comments as well they expect a-hell of alot more work in australia as well and the middle-east. we are still at a early stage regarding biometric sofware there will be stacks more opportunities and contracts coming igp way, we live in a dangeous world at the moment and goverments worldwide will continue to invest into biometric security for many years to come yet.

With results out next month, and things looking very positive and it seems to be getting more and more positive each month, id invest sooner rather than later if i was you, still massive up-side to come from only a 14 million cap company, in a increasing reccession proof growth area.

[archa] 08/5/2009 22:38

Will not drop to 30, in fact if you can purchase at 40 or lower you will be doing very well indeed. On prices within 1 to 3 months time, one month 45 to 50, in three months time 55 to 70p. I stress that I am not privy to any information that is not readily available within the marketplace. You make your own assessment and take the risk, however, I am also looking to increase my holding but at the 42p level I hope.

[centrepoint2] 08/5/2009 22:04

Hi,

i looking to invest in this company, but would like it to drop, does anyone reckon it will drop to 30 range or lower??
also, pls can u give views on prices in 1-3 months time for this company?

[pyman] 08/5/2009 17:59

If they needed money they d have sold the option already.

[iicb] 08/5/2009 16:23

Well said....

[igoe104] 08/5/2009 12:59

IF THEY NEEDED quick cash, they would be pumping them onto the market already, they dont seem in a rush.

With igp picking up continued contracts month after month, we are all hanging around because we know we will get a much bigger price for our stock in the future.

[interceptor2] 08/5/2009 10:43

Why would the convertable holders want to sell, unless they needed money quickly. You have to put yourselves in there position, and think would you would do, by definition they are likely to be investors looking for a good return on investments. They have already made a good return, but IGP are about to announce the first profit next month, with huge potential ahead imo.

I think they are likely to stick around, just like us.

[pyman] 08/5/2009 09:43

Only possible reason to short would be dilutive share coming to market BUT are the convertable holders going to be sellers? NO. If they need to sell there will be an institution willing to buy. I dont see a wall of stock hitting the market. Stock is too illiquid to play with anyway. Finaces are strong,order book looking good, rating :cheap.

[igoe104] 08/5/2009 08:19

I couldnt care less if anyone wants to short igp, im sure any shorters will be burnt very soon if they do good luck to them, they going to need it.

PP was a holder of this stock a couple of years ago.