Intercede Share Discussion Threads

[iicb] 10/6/2010 13:28

I bet Katie Potts is pleased with her recent purchase as it's almost down 20%.

iiCB

[carly2] 10/6/2010 09:09

Hi WJ,
Did you have EPS estimates for 2011? Were they not around 5p? 20x would be £1 - I could be interested in that!!
All the best

[outsider] 10/6/2010 08:35

"For a company with modest current revenues, the potential upside from our
continuing success is very high"

[outsider] 10/6/2010 08:33

well a bid approach would be nice 80p or not, it would surely liven the price up, to a more realistic level.

[wjccghcc] 10/6/2010 08:31

Perhaps they're learning to manage market expectations better after the trading statement share price fall :-)

Also, I suspect they're a bit wary of UK govt spending even though it's less than 20% of revenues now.

I see Portrait just got bought on a 2011 PE ratio of 20. The only thing here is that I can't see management selling for anything less than 80p which is probably too much of a premium for most acquirors at this point.

[outsider] 10/6/2010 08:31

without the exceptional 4.2p eps and after the exceptional nudging 4m cash.

prospects are strong, it looks a low point in the current cycle to me.

[glasshalfull] 10/6/2010 08:25

WJ sums it up very well.

Results are indeed "solid" as intimated via the T/S, but I remember last years preliminary nnouncement which had the "wow factor". Not a critisism.
Importantly IGP have got rid of the patent millstone and like WJ I cannot believe that the company haven't been approached at this stage.

Market leader trading at single digit PER.

Regards
GHF

[archa] 10/6/2010 08:21

Opening price is a very short term view of the results published this morning. This will change; my forecast as opposed to hope.

[carly2] 10/6/2010 08:00

Good set of solid results - and the carrot of a dividend - very sensible move.
Best wishes all

[wjccghcc] 10/6/2010 07:32

Results look petty good to me.

1. Historic PE of 8 for a global leader in a growing industry

2. 25% of the market cap in cash even after paying all the legal costs.

3. Largest ever pipeline.

4. UK govt exposure reduced. UK revenues now less than 25%.

5. 83% revenues from recurring customers with no one project more than 15%.

Their revenues are always going to be lumpy and subject to implementation timing they have little control over but the nice thing is most of these revenues came from projects won 2 or more years ago. All the recent wins won't have contributed in a major way yet.

And don't tell me IBM wouldn't love to get their hands on them...

[fft] 10/6/2010 07:18

Good RNS regarding results.

Now No1 in the industry.

Share premium account to be cancelled so dividends can be paid in the future which will attract investors who will only invest in companies with dividends.

Lots of ongoing work. Reduced dependence on individual clients.

Patent actions cost over 1.8m in total. phew. Knew i should have been a lawyer....

[fft] 09/6/2010 16:37

The RNS flagged up the results as being mid June. So next week seems reasonable. I am looking forward to 3 things :-

1. I would expect more news in the results regarding the patent action.

2. I would also hope there would be some positive contract news

3. and, last, but not least, some director buying to show confidence at the current price levels, and that the patent action isnt a long term millstone.

[glasshalfull] 09/6/2010 16:25

I have reduced substantially....90% of my previous holding.

Catalyst was the settlement of the patent dispute which on closer scrutiny and thanks to fft's post (1973) suggested that the main patent wasn't theirs hence licensing fee.
I basically used the bounce to offload the majority of my holding....another shareholding this year that went at a fraction of the profit I would have anticipated unfortunately.

Good timing short term following the trading update a fortnight later and fortunate that I could sell in size. Longer term.....who knows?

Still think that a bid could materialise at any time hence retain a residual holding and interest in the company.

Regards,
GHF

[smartmoney100] 09/6/2010 16:24

I don't think there's much to discuss at the moment.

[iicb] 09/6/2010 16:07

Thanks. Wish someone would buy IGP, that would sort the flagging share price out. I've noticed quite a few names have disappeared on the boards lately for IGP, think quite a few have sold out, hence why we sit at 34-37p spread.

iiCB

[carly2] 09/6/2010 15:56

Results due soon, hence the drop!!
I was hoping for some good results...

[igoe104] 04/6/2010 13:05

Worth keeping a eye on.

[boadicea] 02/6/2010 17:37

iiCB - The AGM is normally held in Lutterworth, around 16th Sept at a guess.

[iicb] 02/6/2010 15:30

Does anyone know when IGP will next be in London presenting or holding an AGM etc?

Thanks,
iiCB

[iicb] 02/6/2010 15:25

pyman, thankyou for confirming ACTI's legal costs. Like I said, IGP lost.

iiCB

[igoe104] 01/6/2010 17:08

YEP your right wjcc.

The two leading IT contractors on the outgoing national identity cards scheme should emerge relatively unscathed, as their contracts will escape the government's axe.

Speaking last week, the government said ID cards would fold within 100 days for UK citizens, but not for "foreign nationals", and that biometric passports would remain

[wjccghcc] 27/5/2010 14:43

Actually, the important point for IGP is that the scheme is continuing for foreign residents.

From the BBC:

"Despite the demise of the national identity card, a separate but technically similar scheme for some foreign nationals will continue.

That scheme, run by the UK Border Agency, is still being rolled out. Immigration minister Damian Green said the scheme was an EU obligation and that the previous Labour government had rolled it into the main ID card programme.

Some 200,000 of these cards, now known as biometric resident permits, have already been given to migrant workers, foreign students and family members from outside the European Economic Area.

[yump] 27/5/2010 09:47

Well at least now we know that the UK ID card issue is not of any consequence to IGP shareholders, otherwise the share price would have tanked by now. Of course it shouldn't be an issue anyway because it has very little practical impact on IGP, but sentiment could have been very irrational in a market like this.

[pyman] 27/5/2010 09:44

Legal costs for Activeidentity were $1.1m according to there quarterly report. They seem to have spent half what IGP has. How annoying!