Intercede Share Discussion Threads

[iicb] 24/6/2009 15:57

I wonder if a positive settlement for IGP would result in a share price lift?

The lack of volume on IGP worries me.....

Regards,
iiCB

[spooky] 24/6/2009 07:46

It was mentioned,the first date for a potential settlement is coming up but there was no specific news and Intercede,along with the rest of the industry,believe the case is groundless.Of course they would say that,but they do appear to believe it.

[iicb] 23/6/2009 23:45

anything on the infringement case?

[spooky] 23/6/2009 09:02

rivaldo - Evidently lunch consisted of sausages,mash and beans obviously they are looking after our cash carefully :-o)

I don't think that anything spectacular came out of the meeting.There were several institutions in attendance,Finn supposedly has buyers lined up but there is little sign at the moment of an institutional sized seller,the holders of the convertibles don't appear to have expressed any interest in selling.Business outlook very positive,market forecasts are a stab in the dark, the final numbers could end up being significantly higher than expectations.

[igoe104] 22/6/2009 20:05

Another biometric contract win for lockheed, hopefully it should be good news for igp as well.
with it involving a database.

we will have to see.


Federal Bureau of Investigation Awards Lockheed Martin Biometric Card Scanning Service Contract (2009-06-23)


By: Lockheed Martin , PR Newswire Association LLC

ROCKVILLE, Md., June 22 /PRNewswire/ -- The Federal Bureau of Investigation (FBI) has awarded Lockheed Martin (NYSE: LMT) a five-year, $47 million contract to continue managing the FBI Criminal Justice Information Services (CJIS) Division's Card Scanning Service (CSS) program. The contract covers the conversion of paper fingerprint, palm print and photo records into high-quality electronic records for the FBI.


Records processed through this program are submitted by state, local, and federal law enforcement agencies and used to populate the Integrated Automated Fingerprint Identification System (IAFIS) database, a national fingerprint and criminal history system maintained by the FBI CJIS Division. With this new contract, the FBI will also be able to automatically process paper fingerprint records submitted by foreign law enforcement agencies.


"We're proud to continue our decade-long partnership with the FBI on the Card Scanning Service program," said Barbara Humpton, vice president, Lockheed Martin Information Systems & Global Services. "Having secure, accessible records is a vital element in the Bureau's ability to take quick and decisive actions for citizen safety. This new system will significantly improve how the FBI accesses traditional fingerprints as well as palm print and photo records."


"This card scanning service contract will aid the FBI in establishing a more complete and up-to-date criminal history record in support of law enforcement and criminal justice efforts, while creating employment opportunities in West Virginia," added FBI CJIS Division Acting Assistant Director Jerome M. Pender.


Operations for the program will take place primarily in Fairmont, WV, with support from several small business partners across the country, including West Virginia-based IMTS; Communications Resource, Incorporated (CRI), a woman-owned small disadvantaged business located in McLean, Va.; Massachusetts-based Aware, Inc.; and BancTec, headquartered in Dallas, TX.


Eventually, the records processed through the CSS program will populate the FBI's Next Generation Identification (NGI) program. NGI will further advance the FBI's biometric identification services, providing an incremental replacement of current IAFIS technical capabilities while also introducing new functionality. Lockheed Martin is the lead industry partner on the NGI program.


Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.


For additional information, visit our website:




SOURCE Lockheed Martin

[237gmoney] 22/6/2009 16:17

Interesting Article...



IMS Research reports smart card market growth
Published on 18 June 2009


Gemalto continued to be far and away the market leader, accounting for more than the next three companies. Oberthur Technologies (up 1.4% YOY in 2008) closed the gap on Giesecke & Devrient in second place last year to less than one percent market share difference following its acquisition of XPonCard. However, the latest market analysis from IMS Research shows that the German company, after reporting record turnover and profits in 2008, maintained its position as the second largest manufacturer of smart cards globally, behind market leader Gemalto. Sagem Orga (up 1.3%) and Watchdata Systems (up 1.5%) were the other two companies calculated to have made the biggest gains last year.

"Overall the smart card market grew 16.7% in 2008 in terms of volumes and all manufacturers saw plenty of upside", commented John Devlin, author of IMS Research's Smart Card Annual Review & Market Share Update. "This meant that there was plenty of room for companies to manoeuvre and try to gain some initiative with regards to developing new opportunities."

Gemalto continued to be far and away the market leader, accounting for more than the next three companies combined, and its growth into service areas is one that others are keen to follow. Only in March did Gemalto announce its pending acquisition of NXP Semiconductors' Mobile Services Business, giving it an extension of its contactless/NFC business and combining it with NXP's MiFare knowledge. Other companies have also built out the service side of their businesses, announcing partnerships and acquisitions, such as Giesecke & Devrient's purchase of SmartTrust this April. Much of this development focuses on the mobile market since half of the smart cards in use last year were SIM cards. "Overall the smart card market grew 16.7% in 2008 in terms of volumes and all manufacturers saw plenty of upside"

"There continues to be an erosion of standard smart card ASPs, particularly in the SIM arena, as increased competition (particularly from China), economies of scale and a slight slowdown in growth rates means that price pressure continues to grow. However, a number of companies are innovating with higher-end products in this area in order to increase margins. Added-value features, such as A-GPS, accelerometers, smart card web-servers, personalisation techniques, green credentials, increased security and multi-application cards are being released." Devlin continued, "Overall though, the majority of companies are looking beyond new card uses, such as in laptops for proof of ID and network access, to software and services for their long-term revenue growth."

[igoe104] 22/6/2009 12:02

Admit it, who justed got those 8 shares.

[igoe104] 20/6/2009 10:31

This project looks right up igp street, via thales.

[pyman] 19/6/2009 15:52

how much stock is hitting the market chaps? As Aphrodities flagged - a seller about.

[rivaldo] 19/6/2009 12:35

Spooky, how was the lunch? Did they serve smoked salmon and high quality fripperies or just tea and biccies.... after all IGP has plenty of cash now.

[spooky] 18/6/2009 14:09

There is a broker lunch for Intercede today if anything interesting comes out of it i will post later.

[igoe104] 18/6/2009 09:50

HERES THAT HOODLESS BRENNAN BUY NOTE.

[237gmoney] 17/6/2009 16:49

Nice to see one of our partners doing well....maybe they will spend some of that $300 billion deal on buying IGP....

A Billion should be enough!

LE BOURGET, France (AFP) -- U.S. defense contractor Lockeed Martin Corp. (LMT) said Wednesday it has received 31 firm orders for its Joint Strike Fighter plane and foresees potential sales coming to 6,000.

Most of the orders have been placed by the U.S. government, along with two from the U.K., he added.

The JSF, or F-35, is a joint project grouping industries in the U.S., Britain, the Netherlands, Canada, Denmark, Norway, Australia, Turkey and Italy.

The $300 billion program is to replace the fleet of F-16 and F-18 fighter jets now in service in the second half of the next decade.

"Amongst the partnership, we are predicting somewhere around 3,100 airplanes," Burbage said. "Outside of that ... the potential for sales, which is problematical right now to estimate what that is, but it quite likely is somewhere between a thousand and more."

But Brigadier General David Heinz, the head of the JSF program for the U.S. Defense Department, added that "if you look at the number of aircraft to be replaced ... you could easily get to 6,000."

Israel, Singapore, Spain, Japan, Finland and South Korea have expressed interest in the JSFAi, Heinz said.

[igoe104] 17/6/2009 13:35

GOOD chance of new contract annoucements gmoney, it said they are waiting on bids, in the full year results.

[237gmoney] 17/6/2009 11:41

Dont forget IGP have over £3m of tax losses to recoup so any PBT next year will be all theres and will probably run on into 2010/11 so thats another asset to have after the company has just started to take off.

Yes its not good that you rely on previous losses but companies can take advantage of them when they start to ramp up profits. Would be nice to blow the whole limit next year and actually pay some tax on the profits but unlikely next year....

20% growth is very cautious when they have just had 90% yr-on-yr growth...

Hopefully some contract news now before the AGM to get this moving again...maybe a trading update in July wouldnt go amiss if theres anything to report.

[yump] 17/6/2009 09:51

I don't remember seeing an analysis of any company that actually mentioned the importance of taking the forward p/e of a company moving from break even into profit with a pinch of salt.

Mainly because its subject to rapid change ie. halving suddenly - at least with a company that is on track and doesn't keep posting exceptionals to keep it going back into the red (seen enough of those to last a lifetime !)

I know its an IF, but if IGP go as we think they will, the price will play catchup with the growth rate at some point and then 30p to 50p will look like a little blip in the chart in a couple of years.

I can remember the pain of not buying into ASC early on because I thought the p/e looked 'fair enough for the time being'.

It wasn't, it was paltry for the next year.

[rivaldo] 17/6/2009 09:12

The IC said this a few days ago - was it in last week's issue or will it be in this week's? Might garner a bit more interest if the latter:



"Intercede breaks through to profit
Created: 12 June 2009 Written by: Anthony Lugg

The uptake of Intercede's MyID identity management software has been rather slower than expected, but recent deals meant the company moved into profitability for the first time. The turning point was the launch of the MyIDv8 software upgrade which widened the function of ID cards, for example to deny users access to certain areas of a building.

Importantly, Intercede cracked the US market, selling its system to 10 Federal agencies, the world's biggest defence contractor Lockheed Martin and two big financial institutions, as well as the software for over 1m cards to dock workers in the US. So, while the UK remains the company's biggest market at the moment, accounting for 44 per cent of sales, the US is now not far behind - it practically doubled revenues last year, to £2.1m, and the region now makes up 37 per cent of its business.

An important development has been that Intercede is signing contracts directly with customers rather than through distribution partners. Such contracts include the transport worker identity credential (TWIC) programme for port workers through Lockheed Martin and a contract with BT and the NHS, where it's now well on its way to providing software for cards for 1.2m UK health care workers.

House broker finnCap conservatively expects turnover growth of 20 per cent this year, giving pre-tax profits of £1.6m and EPS of 3.3p.

INTERCEDE GROUP (IGP)

ORD PRICE: 47p MARKET VALUE: £22.6m
TOUCH: 45 - 48p 12-MONTH HIGH: 47p LOW: 18p
DIVIDEND YIELD: NIL PE RATIO: 10
NET ASSET VALUE: 1p NET CASH: £3.7m

Year to 31 Mar Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2005 1.81 -0.43 -0.70 nil
2006 2.14 -0.38 -0.90 nil
2007 2.62 -0.45 -1.10 nil
2008 2.81 -0.18 -0.20 nil
2009 5.70 1.41 4.70 nil
% change +103 - - -

IC VIEW:
Buy
Intercede has proved pretty recession proof and the concept is starting to come on stream and generate profits. Still a buy on a forward PE of 14."

[237gmoney] 16/6/2009 13:29

I notice the west midlands police have now bought smartcard keyboards for their smartcards from Actividentity. Still cant believe The west midlands police didnt choose IGP for this one who are just down the road.


>ZF Electronics Ltd - formerly Cherry Electrical Products Ltd – was awarded a >contract for 8,000 of its smart card keyboard products which are being used >as part of an ambitious security project being undertaken by the West >Midlands Police in the UK. The company's G83-6644LUAGB-2 smart card keyboard >was an part of the tender documentation for the Gateway Program.

>Smart cards are being issued to every member of staff in the organization and >the smart card keyboards will be used in more than 150 different police >buildings across the region. All personnel can use their smart card to logon >to their computer and access applications with Single Sign-On, and in 38 >sites staff will additionally use their smart card to gain access into the >buildings.

>ZF Electronics' Cherry G83-6644LUAGB-2 keyboard incorporates a class-2 chip >card reader. It is approved for digital signatures, PKI and Single Sign-On >and supports USB 2.0 interconnection, secure PIN entry, and CT-Api.

>The Cherry keyboards have been supplied via Nottingham-based Ergo Computing, >which has been the principal computer hardware contractor for West Midlands >Police since early 2006, supplying desktop and notebook PCs to the force. >Each G83-6644LUAGB-2 works in conjunction with software from ActivIdentity.

[igoe104] 15/6/2009 12:11

This could be the next biometric growth area.

[accumulat0r] 14/6/2009 01:11

Keydata AIM Venture Capital Trusts have significant holdings of Intercede shares (via Hargreave Hale).






When I heard last week that Keydata had gone into administration, I was concerned that the Keydata VCTs would be liquidated. (ie: a load of IGP shares to be dumped.)

But I see from:



that the VCTs are separate legal entities and not subject to the administration.

PHEW !!

[boadicea] 12/6/2009 20:29

Felix99 - I assume the exercise cost was nil in cash flow terms although it will now appear in the subscribers book as equity instead of a fixed loan - latterly a current asset. However they may wish to recover their original investment in cash terms which, I assume, is what you meant.
For the '15p' shares they would need to sell one third of them at 45p and 44.44% (4/9) for the 20p ones. This would mean they retain their profit as equity at effectively nil cost.
Quite possibly this is a course they will take, in which case we shall have a drag on the share price for some time although I doubt that they are urgent sellers and are unlikely to bomb the share price down.
With luck they will bargain a good price/modest discount for a sizeable block and get it done quickly.