Intercede Share Discussion Threads

[aphrodites] 04/6/2009 21:00

237

And some just conveniently forget!

[accumulat0r] 04/6/2009 15:14

237gmoney,

I'm not sure what the rules are but I don't think they have to announce immediately, dealings that exceed the 3% threshold. I've seen RNSs reporting dealings in other AIM shares, a couple of weeks after the trade took place.

I think it might just be a sort of book keeping type chore! ......

[237gmoney] 04/6/2009 11:41

With the loan note conversions then, Im surprised that there has not been a RNS to state that any of these new found shareholders have gone over the 3% threshold as Im sure 6m shares would bring some of them be major stock holders now or does this happen after the shares have been issued?

Or have they forgot....

[237gmoney] 04/6/2009 10:40

20,000 Share buy at top of the range, someone must be keen today....

maybe a build up to the results news next week....nice to see.

[237gmoney] 03/6/2009 11:56

Found an interesting report - quite long so havent read it all myself....

Could make good bedtime reading...I know it would put me to sleep!!

[237gmoney] 03/6/2009 11:48

Never saw this mentioned here before but another possible contract - 4 million cards to be issued!!!

[237gmoney] 03/6/2009 11:36

Also the latest twic stats are looking good....we have now passed the 1m cards issued phase. should mean more money for IGP.

Total # Enrolled:
1,218,131
Total # Cards Issued:
1,031,215

[igoe104] 02/6/2009 11:27

I reckon that bank contract with a leading european bank is lcl, frances biggest bank, they have 26 million customers so the contract could turn out to be massive eventually.remember that 250,000 euros is only the first year payment.

The business partner is gemalto.

[237gmoney] 01/6/2009 11:59

Some other related ID card news....

I guess we will see more of this to come...


also corestreet working on the staten island ferry twic project.

[aphrodites] 01/6/2009 09:52

237

Hopefully the holders will defy the MM's and try and buy a few more!

It would not take a lot of buying to see these shares over 60p.

Good results in mid June, a very positive and upbeat statement and hard work by the company broker and we could well see the shares rise and an appetite created for institutional buying. It would also allow the holders of the loan stock to place their shares if they should so wish at a higher price.

[237gmoney] 01/6/2009 08:40

Dividend.....lets not get carried away now. I cant see them issuing a divi just yet. To be honest I would rather they use the money to build on what they have already got. This extra money should allow them to go for bigger contracts as the lead time for payment is often further down the line in some of these projects and a cash pile of nearly £4m will mean they will not have to go to the bank for funds.

If Igoe is right and the prison contract in the US is up for grabs, that will be a 2m+ card contract and theres also health contracts in the europe and the NHS which IGP are working on.

I guess we all expected them to convert so our investment has been slightly diluted but no major damage done. The Mkt cap has increased to over £20m now as well so we are moving in the right direction.

Hopefully from next week these new shares do not make there way onto the market as it will be very hard to move the price up if they start selling there holdings.

[archa] 01/6/2009 07:42

Cash of £3,700,000 (see last trading update) represents 7.68p. per share, following the increased capital arising from the loan notes conversion. What prospects for a small dividend for the year just ended?

[archa] 01/6/2009 07:17

The question now is, '... what plans do IGP have for the profitable utilisation of their cash pile?' Roll on mid June.

[spooky] 29/5/2009 12:41

If the don't convert i will be gobsmacked (technical term) and very pleased .

[237gmoney] 29/5/2009 11:45

Agreed and the deadline was 31st May so today being the 29th there is room to announce what ever the outcome is on Monday. But as this date for expiry of the convertable loans was extended to this date, the holders should really know what they want to do before making their mind up at the last minute.

Its not like where talking about £20 quid here. its £2m so if your happy to convert the shares at the current price, why wait til the last minute to sort it out? If they had converted and wanted to convert my guess is this would have been sorted out weeks ago.

[wjccghcc] 29/5/2009 11:20

237gm, they're probably waiting for all the holders to give notice and for the shares to actually be issued / repayment made.

[237gmoney] 29/5/2009 10:39

No news so far today which can only mean they didnt convert??? Unless theres a RNS monday as if they convert they will go above the 3% threshold and therefore the company have to issue a note to the market.....

Nothing on monday means IGP will have a much smaller bank balance.

[aphrodites] 26/5/2009 23:03

As I commented recently, there was a rumour that one convertible holder had a broker touting around to find a buyer of his stock on conversion. This might be a deliberate ploy rumoured by someone who has an interest to weaken the share price and buy stock on conversion.

I am almost certain all the holders will convert but I do not think it will increase liquidity in the short term. The fact that so many shares will remain in a limited number of hands will still restrict the liquidity.

What we want is more institutional interest but that will only come when the sizeable holders want to sell. And that will certainly not be at a price around this level with the company offering so much growth potential in the future. But if we see 70p to 80p, a good appetite for stock and then some willing sellers, we might start to see some liquidity introduced into the market

Alternatively, this business is ripe for a takeover which is where I place my money.

Archa, I agree with you, the announcement in June could be very, very stimulating!!!

[archa] 26/5/2009 20:50

With bank balances at the end of March '09 amounting to £3.7m the company would no doubt hope to be able to use much of this pile to redeem the convertible loan notes. There are few other calls on the company's cash pile, in fact, it is a veritable 'cash cow'. However, with the current share in the 40p - 45p range I doubt there will be few holders who will not want to convert. A number may wish to sell up, bank their profits and maybe seek other more favoured pastures, hence there may be some weakness in the share price for a short period prior to the final resuls announcement. I guess that the results announcement has been deliberately delayed to a date at which they will be able to state the proportion of those converting and of those taking cash. End of the first week in June is my tip for the announcement which I anticipate to be stimulating.

[accumulat0r] 26/5/2009 16:03

As earnings per share will be around 28% higher if they don't convert (courtesy WJ's wonderful #1321 calculations), perhaps it might not be too long before we hear the word "Dividend" mentioned. Now that would really put a rocket under the share price! ;o)

[fft] 26/5/2009 15:49

I think it depends how cash flow positive the company is at the moment. If it is throwing cash off, then as long as it doesnt impact development and roll out, paying the holders their 2m would be better for existing shareholders. Think of it as a share buyback.

If, the company can do better with the money (and i dont mean leave it in the bank) then conversion is ok.

However, it isnt upto the company or us to decide what happens. But, as mentioned above, there has to be an announcement about the decisions made. I am surprised that it is getting this close to the wire. Must be some interesting discussions going on - i wonder about what ?

[rambutan2] 26/5/2009 15:46

237, why let your precious shares be diluted if it's not essential? Much better for IGP to cough up the £2m, and then issue shares at a more appropriate price if/when there is really a need.

That said, I'd be surprised if the cnv holders chose the cash option, although I suppose they could go 50:50 or some other variable?

[237gmoney] 26/5/2009 15:12

Agreed WJ but I'd rather have the 48m shares which will give more liquidity to the share price. Yes you may think there would be an overhang but more times than not the holders will find a buyer eventually at a good price with the company on the increase all the time.

It would be more sensible for them to hold onto the shares and the share price will increase steadily as it has been doing allowing IGP freedom to use the cashpile to tout for business further a field in the middle east and asia.

Any potential bidder for IGP would snap up the new shares with a tick of the pen. Thats what we all expect in the not too distant future here anyway.