Intercede Share Discussion Threads

[igoe104] 12/6/2009 16:25

They could lots more big contracts in the middle-east with thales.

[237gmoney] 12/6/2009 09:21

Is this not using IGP ID Cards? They work with both Gemalto and precise biometrics

[felix99] 11/6/2009 22:10

Reckon the bond holders will be trying to sell enough stock to cover their exercise costs !

[igoe104] 11/6/2009 19:03

YES THAT looks like one for igp gmoney.

aphro we just have to hope its not HH selling because its still got 1.5 million shares left, it could hold things up regarding share price movement.

[237gmoney] 11/6/2009 17:05

Not sure if this Student ID project interests IGP but ceertainly up their street.

[aphrodites] 11/6/2009 16:46

Someone is trying to unload stock.

I have received two calls this afternoon from brokers asking if I would be interested to buy 50,000 shares and offering them around 46p.

I get the impression there is a lot of stock around all of a sudden!

[237gmoney] 11/6/2009 16:45

News from Actividentity - new PIV partnership with Konica.

[237gmoney] 11/6/2009 16:17

If anyone has a copy of that broker note, a copy would be very handy to see.
Maybe a link to it here???

EPS of 3.4p next year is very conservative. there was 90% yr-on-yr growth last year and the market is growing on average 20-30%. IGP have broken into the middle east region where growth in the security ID sector will outperform the rest of the world so I can see IGP outperform those projections comfortably.

I know I am optimistic but as well realistic. we wont grow 90% again but certainly I wouldnt rule out a 50% yr-on-yr growth if things stay going as they are. Would be looking for £2.5m pbt next year and maybe heading towards £3m pbt. Just need a few of these bigger projects such as FRAC to get going and were away.

[igoe104] 11/6/2009 15:35

ON-WARD AND up-wards for igp they are bidding on alot of contracts at the moment so lots more positive news flow is just around the corner.

[igoe104] 11/6/2009 15:35

ON-WARD AND up-wards for igp they are bidding on alot of contracts at the moment so lots more positive news flow is just around the corner.

[pyman] 11/6/2009 14:55

typical. As soon as we all start pumping the share price off it comes. Ha. time to have a few more...

[accumulat0r] 11/6/2009 14:26

I found this update on:

www.armshare.com


"The company broker's note dated 10th June projects EPS of 3.4p for 2009/10 representing a P/E of 13.8 based on the share price of 47p at 10th June."

I would not say that a P/E of 13.8 for 2009/10 was "pricey". Yet The Independent says BUY the shares, even though they reckon its "pricey" !? What a load of twoddle The Independent is!


If we get similar earnings growth next year, the P/E should be a single digit. It would be nice to know what broker JM Finn is penciling in for 2010/11. Does anyone know anyone with a JM Finn account that can get hold of their update?

[pyman] 11/6/2009 10:11

I reckon it ll have a sniff at old highs before settling back down to 60's

[237gmoney] 11/6/2009 10:06

And long overdue imo.

I disagree that this stock is "pricey" as there's no debt now and nearly £4m in the bank with the two new contracts won since Financial yr end. 99% margins and every new contract win goes on the bottom line.

There's not that many companies around that can say all this. Another £2m in contract wins this year will add around £1.5m to PBT and suddenly this company is looking cheap at the current price.

70p is fair value at the moment as this would price in future prospects as well, and like many say here, it wont be that much longer before we head towards the £1 a share mark. Hopefully in the next 12 months.

[smartmoney100] 11/6/2009 09:52

Very nice to see 50p again, seems a long time since.

[rivaldo] 11/6/2009 07:29

Nice to see some press coverage and a Buy rec for a relative minnow like IGP. I agree that based on the historics IGP may be a little "pricey", but then its cash, prospects, margins, partners etc demand a premium rating:



"Intercede Group

Our view: Buy

Share price: 47p (+4p)

Shares in Intercede, the company that makes the software that fits with ID card systems, were up 9.3 per cent yesterday after the group's solid full-year results.

The company, which refuses to say if it has had talks with the UK Government about the planned national ID card scheme, announced a pre-tax profit of £1.4m, after a loss in 2007: "This was the year when Intercede bridged the chasm between market opportunity and commercial success," said chairman, chief executive and majority shareholder Richard Parris.

There are concerns, particularly about patent disputes with a rival in the US, and we cannot see yesterday's increases being repeated for a while. The stock was already pricey, even before yesterday's spike. However, with demand for ID cards on the increase, we would be buyers. Buy."

[igoe104] 10/6/2009 15:45

HOODLESS brennan have a note out on igp.

with its market position and exciting pipe-line we recommend buying up to 56p.


IVE noticed HB have been conservative with all there forcasts.

[237gmoney] 10/6/2009 15:39

Seems the industry as a whole is on the upward curve...



Quite a few trades today an many of them buys. The spread needs to come in a bit though as 1.5p away from Mid will deter trade. but when the stock is in demand it doesnt take much to get it going.

I wonder if the Daily telegraph will revisit their avoid recommendation they said about 6 months ago....they messed up there....

The daily mail usually pick up the positive vibes so should see something in there tomorrow.

[igoe104] 10/6/2009 15:05

Im expecting an even a much stronger 12 months, should be alot more contracts in the pipe-lines and lots of news-flow. igp and its share-holders have a very positive future to look forward too.

Ive noticed canada are going biometric in a big way soon as well, so it could be another large market igp could break into as well.

[egoi] 10/6/2009 12:56

237gmoney the trade time on munnyyam is 11.09, when quote was 44-48, so it was at mid-price; so the tick up just after that looks positive to me

[yump] 10/6/2009 12:41

Brilliant !

Anyone had any attempts at working out at what rate profits are likely to drop to bottom line as revenue increases ?

Any sort of exponential graph would be nice ;-)

[237gmoney] 10/6/2009 12:37

40,000 Trade just went through at 46p. buy/sell? could be a delayed trade from this morning with the 2 hr delay because of the small NMS but if it is a trade at current price someone has just dumped £18k worth of stock....

Yet the price has gone up another tick - possibly a buy then? Anyone want to own up?

[interceptor2] 10/6/2009 10:39

Better results than I expected, I had pencelled in £1.2m pbit and 3.2p eps, the statement today was extremely bullish, you would be hard pressed to find a more bullish one this year.

I expect the price to slowely increase over the next few month's with positive comments in some of the tip sheets soon, and hopefully we should see our first broker forecast for the year and beyond.

[rambutan2] 10/6/2009 09:07

Well it's been a long wait, but we've made it. Surely it can only be onwards and upwards from here until one of the big boys (inevitably) take us out and allows Mr Parris to take a well earned rest.

[egoi] 10/6/2009 09:05

Excellent results imho and a company on the up and with a deal of apparent self-confidence too.

Hopefully some broker notes, maybe press, IC and shares magazine comments, will follow over the next 10 days or so?

If the shares hold above 45p the chart looks superb too for a breakout.. Would also be nice to see with all that confidence in the statement a Director or two go to the well.