Intercede Share Discussion Threads

[glasshalfull] 29/9/2009 19:58

I'm also anticipating an update in the next few days or weeks, following the end of the half year...which happens to be tomorrow.

Picked up a further 10k today at 40p.
Short term I cannot predict but long term these would be a tasty morsel for many of their partners, notwithstanding the fact that with 99% gross margins any incremental increase in turnover now will make a significant impact to the bottom line.

Regards,
GHF

[wooosh2] 29/9/2009 19:52

bring it on..... :-

[accumulat0r] 29/9/2009 19:50

Archa, See #1588, Alice's AGM update:


"I await with interest the next trading update from Intercede, which should be issued in the first half of October."

[sheik yerbouti] 29/9/2009 19:08

Trading update was on 6th October last year.

[archa] 29/9/2009 19:02

Why do you anticipate a trading statement next week? The interims last year were not announced until early December and were not preceeded by an earlier trading update.

[wjccghcc] 29/9/2009 14:07

15,000 shares sold on PLUS. As usual, market makers don't want to hold any stock so the share price drifts. Trading statement should be next week or the week after.

[pyman] 29/9/2009 14:00

hmmm. Mark down today. I see no volume.

[glasshalfull] 23/9/2009 18:20

Thanks to AiW for the AGM write-up and to igoe for keeping us up-to-date with potential developments.

I await the trading update with interest.

Regards,
GHF

[igoe104] 23/9/2009 15:34

Daon who are a id partner of intercede have picked up yet another contract to go with its australian contract success.this time its in south africa.





Surely igp will be part of this as well.

[accumulat0r] 21/9/2009 22:50

What is people's interpretation of this 2-year timescale for the patent infringement lawsuit. Is it:

1) 2 years from when Actividentity filed its claim in October 2008?

or

2) a further 2 years from now?

[igoe104] 21/9/2009 19:01

I feel plenty in the tank with this one.

big health card project kicking in at the start of 2010 which looks like it will be the solovenian health card project 2 million folks.

morrocco id card project which will involve 20 million people over 4 years.



twic will probably be expanding with possible 5+ million will igp picking up a bigger piece of the cake.

frac (emergency workers), fbi data-base, and im hearing we could be involved in alot more other stuff in the states.

australia. queensland police and if that works well other projects are expected to follow.( in australia)

plus alot more possible involvement in projects in the middle-east (COMING up) especially UAE.

plus possible involvements in more banks ( to add to the other banking project we are involved in) and airports is a great possbility.

plus bits and bobs.

I think the future looks bright for igp me thinks.

[wjccghcc] 21/9/2009 13:27

It's never wrong to take a profit but not sure I agree with most of your points - lawsuit aside.

IGP have never budgeted any revenues from the public rollout of the UK ID card scheme - they've never admitted to having the contract although reading between the lines, it seems likely. My understanding is that, if they did have it, the revenues come from the issuance to key people and foreigners (who get charged more).

Likewise with TWIC, they actually got very little licence revenue from TWIC last year because any revenue went to RSA in return for the $2mm 3 year licence agreement in 2005. It's only now that TWIC issuance is over 1.2mm that all the revenue comes to IGP.

Management are usually pretty straight in how they call things and their outlook from the finals was the most confident I've seen. Much of the pipeline is from deals already won and they seem happier that the odd project delay (which always happens) will affect them less then previously.

Regarding contract announcements, well as Alice says, they are very tight with unnecessary spending and (now the convertibles are converted), are unlikely to issue separate RNS's unless the contract value is over 10% turnover as required by LSE (so >600k). I suspect you'll find some nice contract wins in the results.

I know they had a target of turnover reaching 10mm in the next couple of years. With their operational gearing, that should give PBT of 4-5mm and EPS of 6-8p on a fully taxed basis. As Alice says, plenty of room for a rerating if/when the lawsuit is settled.

[carly2] 21/9/2009 13:16

Thanks for the reply WJ. I really hope that the full years eps will be higher than last years eps - given that the full years report said the board were 'very excited for the future..' or words to that effect..
Anyway, best wishes, all

[davidosh] 21/9/2009 11:00

WJCCGHCC....You beat me to it. Any questions can be asked on the base of that report.

[wjccghcc] 21/9/2009 10:06

Alice's AGM update is now online at the Fool. Many thanks to him for posting it.



carly2, yes trading update in next few weeks. the 3p EPS in H2 last year was flattered by tax and some good contract timings. It was also pre the dilution from the convertibles. Full year forecast for this year is 3.3p so anything over 1.5p (pre legal costs) would please me. Revenues can be lumpy and project timing is beyond their control so you have to expect some volatility (likewise the very strong cash inflow in H2 which may partially reverse as it evens out).

The major unknown as Alice says is the costs of the legal case.

[carly2] 20/9/2009 20:04

Hello all,
I presume that we will get a trading update in a week or twos time. Looking back over the finals to 31/03/09, we were at around 3p eps for the 2nd half fully diluted - so is the expectation of a further 3p for this half?
WJ in particular, reference was made to the revenues they were getting from the 2 new id contracts up to 31/03/09 ( I think it was around $1.8m) - what, from your understanding of things, is the likely future revenue potential of these contracts (and hence an indication of the full year revenues for 31/03/10)?
Best wishes all

[glasshalfull] 17/9/2009 16:35

davidosh - Much appreciated.

Kind regards,
GHF

[rivaldo] 17/9/2009 16:29

Looking forward to your AGM summary davidosh. Many thx in advance.

[237gmoney] 17/9/2009 16:27

will just have to wait til the end of sept for the half year update. no worries. Just still would like to know why the AGM was delayed 11 weeks this year. all seems very odd.....

[interceptor2] 17/9/2009 16:24

LOL - Maybe they are too busy with the wording for all the RNS to follow with juicy contract wins.

[fft] 17/9/2009 16:01

I didnt know that RNS's were paid for by the word ! :-) I think the person who drew that up still uses telegrams.

[archa] 17/9/2009 13:22

Only four shareholders there last year, I guess all of us over 65 years of age! I never thought that a trip to Lutterworth was worth a hats off award for either bravery or endurance. I must go again next year. Could not make it this year as I am currently in Australia, a bit too far for a return visit to Lutterworth. Now that really would have been worthy of an acknowledgement.

[wjccghcc] 17/9/2009 11:08

Thanks davidosh. I try and see them when they're in London for meetings rather than make the trek to Lutterworth. Hats off to you for making the trip.

[davidosh] 17/9/2009 11:02

I will put an AGM report on here when it is available. There were only four shareholders there. Not an easy location to get to but it does surprise me that more do not make it...