Intercede Share Discussion Threads

[felix99] 03/9/2009 10:00

They are all charging these types of fees. TDW are doing it too.

I may close my standard account down as trade through SIPPS and spreadbet/CFD mostly these days.

[igoe104] 03/9/2009 09:32

The funny thing is that ive been a good customer for them over the years and i hold a good size portfolio, its only the last 6 months ive not been trading, its abit of a cheek i think. They should have imformed everyone with a letter or email rather than put a message in the shareholders inbox which most folks dont look at. with the stock market down its a bit of a kick in the teeth. i know someone who only had 80 pounds worth of shares and he still had to pay the 40 quid.

[igoe104] 03/9/2009 00:12

Ive just noticed selftrade have taken 40.25 out of my account in management fees. ive not traded for about 6 months so ive not been in my in-box. surely they should inform you in writing before just taking money out of my account (in a formal letter). ill be intouch with the oft and fos about the situation this is a matter about principal rather the amount. im not having these monkeys pull the wool over my eyes.

ps any other brokers others can recommend

[4graham] 01/9/2009 21:11

Not sure why some investors are showing signs of paranoia?

I recently had to sell half of my holding due to financial commitments. I am very happy to hold the remainder, i`m sure current trading will be as strong as expected. However would have liked to have seen some new contracts announced!!

Regards all

[pyman] 01/9/2009 16:25

reverse takeover of actividentity perhaps- ho ho

[fft] 01/9/2009 12:59

i think you need to look on other platforms to see all the trades in IGP. Just looking at the LSE trades is misleading. Whether MM's / Brokers split the trades up to mislead or if it completely innocuous , i will leave up to the reader...

I picked up 20k in 2*10k chunks at 41 and 41.5 this morning. surprised to get them so easily (online).

[daz] 01/9/2009 11:57

There does seem to be a small amount of stock around. I was able to get a few at 40p this morning.

I'm actually hoping the seller has more to offload, as I wouldn't mind picking up more at these levels or lower.

[igoe104] 01/9/2009 10:39

Someboby must be desperate for cash to sell at 39p, id expect these to be around 70p-80p at least come next april.

[237gmoney] 01/9/2009 10:03

I look one minute and see the price down 1p then the next time I see it - were up. Have not seen that here in a while.

o/t - That other share I told you about CBAY Systems (CBAY) which I bought into a few weeks back just keeps on going up. Not sure if anyone followed me in but was the same price to buy as Intercede group on the day I bought them, 45p, yet CBAY now at 60p while IGP back down to 41p.

Hopefully we get a positive trading update here with the AGM statement to kick start this one again.

[glasshalfull] 31/8/2009 21:39

Back to IGP

I.C. Buy tip 16th July had this to say:-

Even when organisations' revenues are being squeezed, they are unlikely to compromise on security. This was borne out by recent full-year results from identity technology company Intercede, which doubled revenues and moved into profit during the 12 months. Intercede provides software that registers and vets ID data and ID smart cards.
The group currently licences software to a number of government organisations, including the US federal authorities, military bases and the NHS. In fact, public sector clients account for almost half its revenues. It charges an implementation fee to clients and a licence fee per card issued on top of maintenance and support charges. Licences span between five and 10 years, so revenues are not all accounted for in the year of contract announcement.
According to broker JM Finn, existing contracts should generate about £15m of revenue over the next five years, while support and maintenance fees, which tend to be recurring, account for a further 20 per cent of overall sales. So long-term visibility is strong. However, shorter-term revenues are less assured, because fees from new contracts will only materialise as the contracts are implemented and the precise timing of this is still the subject of some uncertainty. The group's relatively fixed cost base means that revenue from further contract wins should feed quickly through to profits.
The UK remains Intercede's largest market accounting for 44 per cent of sales, but a slew of new deals in the US - including one with Lockheed Martin - means that this market is a close second, accounting for 37 per cent of last year's revenue. The group also signed new deals in Australia and Europe, and chairman and chief executive Richard Parris is keen to continue to drive Intercede's geographical diversification.
Improved cash generation has also allowed Intercede to convert £1.96m of convertible loans last May, which leaves the balance sheet debt-free.

A cause for concern is a patent infringement lawsuit that was filed against Intercede by ActivIdentity Corp last October. Intercede has responded by filing a counterclaim, but has not made any provisions on its accounts.

Finncap forecast for current year

Turnover £6.80m
PTP £1.60m
EPS (fully diluted)3.3p

Defensive end-markets and longer-term visibility make Intercede a resilient bet in the current climate. The geographic diversity adds to appeal, while a clean balance sheet should help keep Intercede on the radar of any would-be private equity or trade buyers. According to broker Panmure Gordon, shares in the software sector on average trade at 12 times expected earnings, but given Intercede's slew of defensive traits, its shares deserve a premium rating. Buy.

Last IC view: Buy, 47p, 12 June 2009

Regards,
GHF

[yump] 31/8/2009 20:39

Sooner or later on every thread there's a mosquito and most of the time they just make a high pitched whine and cause an irritating itch ;-)

[the last supper] 31/8/2009 19:20

Low growth? What are you on about?

Turnover to 31 March 2008 was £2.81m
Turnover to 31 March 2009 was £5.70m


Pre-tax profit to 31 March 2008 was minus £0.18m
Pre-tax profit to 31 March 2009 was £1.41m


Earnings per share to 31 March 2008 was minus 0.2p
Earnings per share to 31 March 2009 was 4.7p


At least IGP seems to attract a lot of interest from GCM punters: Howdy Do Da, kent_paul, denarii, et al. Or are they all the same person?

[denarii] 31/8/2009 17:40

if the stock is so fantastic why is revenue low, growth low and not many trading updates?

[igoe104] 31/8/2009 09:54

Worth a read

[glasshalfull] 28/8/2009 13:57

Agree. Lot more short-termism amongst investors.
Best time to pick up stock at a reasonable price.

With AGM scheduled for 16th Sept then there's always a possibility for contract / trading news either in the run up. In any case, a trading update normally materialises end Sept/ start Oct to coincide with end of half year.

Nothing I'm aware of that suggests anything other than strong trading following on from outlook statement issued on June 10th:-

"...The Board therefore believes Intercede is very well positioned to continue its growth notwithstanding these challenging times.
We look forward with confidence to reporting on our progress during the current year and beyond."

Regards,
GHF

[wjccghcc] 28/8/2009 13:05

It was ever thus.

[igoe104] 28/8/2009 12:54

Shareholders are strange creatures, they lose interest if there isnt any news for a month. things havent changed over a course of a month so why the sudden lost of interest. all these folks who have sold will buy back in when news comes out again then sell again when things go quite a month or so later. cant see the point myself.

[237gmoney] 28/8/2009 12:15

All seems a bit flat here at the moment though and the share price decline is hurting when most other shares are rising about now. Is anyone going to the AGM...

[glasshalfull] 28/8/2009 10:07

Thanks igoe.

"Thales, leader in information systems and communications security, announces that SafeSign, the company's identity management and authentication solution, has successfully completed MasterCard evaluation for its Advanced Authentication for Chip. MasterCard Advanced Authentication for Chip is the latest extension to EMV, the international card-based authentication solution. Building on their long-standing relationship, Thales and MasterCard continue to work together to help banks fight online fraud and ensure maximum consumer confidence in online transactions by supporting both newly issued and existing EMV cards."

Augurs well for IGP.

Made a few small top ups amounting to 10k @ 41p - for children's funds.

Regards,
GHF