Intercede Share Discussion Threads

[felix99] 01/12/2010 09:13

Igoe - when you have an option why exercise it if you are not going to sell them?. All that happens is you have to layout the cash and then you are at risk of the share price falling on your hard earned cash.

Unless you intend to sell you may as well just sit on the option and not exercise and you still profit from any rise risk free without having to lay out any cash.

Aphrodites. I have however just checked the last annual report. The options expire on 22 December 2010 - hence the need for the exercise as otherwise they will be lost.

We shall see of he decides to sell some shares to cover the acquisition cost/tax or not

[aphrodites] 01/12/2010 09:07

igoe

As I said, unless the option is about to expire why put up cash to buy shares.

That does not make any sense.

It's not as though they are paying a dividend.

[igoe104] 01/12/2010 08:50

Andrew has exercised his option because hes got the shares for 47p when the price is 60p. it doesnt mean hes going to sell them, my bet is he holds on to them.

The directors dont have a history of selling.
parris sold last year for the good of the company other than that there has been no sells.

[aphrodites] 01/12/2010 08:43

After yesterday's announcement (see below) it will be interesting to see whether Andrew Walker has sold the shares yet from the option he exercised yesterday.

Obviously following the results he is now out of the closed period restricting him from dealing and is able to buy or sell.

And he has increased his shareholding from 1248077 which he held at both the end of September 2009 and 2010 to 1376227. But why exercise the option now unless he wanted to raise a bit of cash to buy his wife a Christmas present?!!!!

Unless the option was about to expire I cannot see any other reason why he should exercise it at this time unless he wanted to sell and raise some cash.

And did he give the company broker advanced notice of his intention to sell after the interim results giving them time to sort out a buyer?

As I have published here, someone has been touting shares around the market for a couple of weeks since the price hit 63p the first time.

It could well be that a MM's has pulled the price up after the results so that it can sell stock and create a short position so that it can take Mr Walker's stock on board at a lower price.

But all we have seen is selling and the price marked back from the 64p bid level to 58p which appears to be artificially supported at this level.

Of course there might be a further announcement in the pipe-line which will take the price back up again and which Mr Walker might then take the opportunity to sell.

But the share price action does have a nasty smell about it and he might well have to accept a price around 55P if he wants to sell.

I think the price has further few pence to fall.

Director Deals - Intercede Group PLC (IGP)

Andrew Walker, Financial Director, exercised 128,150 shares in the company on the 30th November 2010 at a price of 47.00p. The Director now holds 1,376,227 shares. Story provided by StockMarketWire.com

[igoe104] 30/11/2010 12:16

I wouldnt worry about day to day trading guys, evenually the market will have to wake up to these. i wouldnt mind betting these will go over a £1 when results are out next may. thats if they dont get taken over by then, short term you never know with aim companies but medium term this is a nailed on winner.

[felix99] 30/11/2010 08:44

lol - well I reckon if you sell a couple of well timed 5k lots you could knock the price 5p. :-)

[aphrodites] 30/11/2010 08:42

FELIX

It makes one wonder if we should jump on the band wagon and join the selling ranks.

At least we could then get the price down quickly to a level where Kattie Potts might want to show her hand and start to buy a few more.

But who knows, it might be her selling!

[felix99] 30/11/2010 08:30

just keep stocking up Aphrodites. I will have more if it moves down again much further

[aphrodites] 30/11/2010 07:35

WJC

Great results and a re-rating is a certainty.

And as you say a "buy-out" must be on the cards.

Or as I have posted previously with the cash build up they start paying a dividend, move to the main market and make an acquisition. But does the Board have the guts to take this next big step??!!!

There was a bit of selling yesterday and I would put money on whoever has been trying to suppress the share price in the mid 50's is back playing the same old tricks.

I know with the lack of liquidity in this share you can only deal in any size when there are buyers out there but I am mystified as to why anyone would want to sell now unless these are deliberate tactics to keep the price down ahead of a bid.

The price should be in the mid 80's heading for a £1 instead of languishing down here.

It's all getting rather boring!!!

[felix99] 29/11/2010 13:32

the latter I reckon but hopefully we get the rating first :-)

[wjccghcc] 29/11/2010 11:15

Revenues well on their way to double digits and the pipeline stronger than ever. May still well be the odd quieter half due to contract timing but at some point these have to rerated to the PE of 15-20 that their structural growth merits or they're going to be bought out.

[igoe104] 29/11/2010 10:41

50% increase on last years interims and now over 5 million in the bank and a inceasing pipe-line not bad for saying we are in a worlds recession.

should have over 7 million in the bank by next may, and a ongoing pipeline that should more double over the next two years.

[felix99] 29/11/2010 09:26

can;t beleive that unless the seller has been mopped up or now wants a higher price. Impressed its holding up here though as thought seller would be back.

Strange old world - seller was depserate to sell last week at 55p or less lol

[rivaldo] 29/11/2010 08:59

Can't complain :o))

Evidently a severe shortage of stock now too.

[wjccghcc] 29/11/2010 08:09

Fantastic results.

[billbyrne] 29/11/2010 07:54

Excellent results, very positive outlook. Well done Intercede.

[glasshalfull] 29/11/2010 07:19

Agree, very strong set of results.
Accelerating earnings of 2.5p EPS for interim period, net cash currently over £5m with strong outlook.

Congratulations to the Intercede team.

Cheap as chips!


Regards
GHF

[fft] 29/11/2010 07:12

Interims out.

It doesnt get much better than that !!! So many plus points in the figures and in the statement.

[wjccghcc] 26/11/2010 01:35

... and already provide the IDCMS for the FAA air traffic controllers.

[igoe104] 25/11/2010 14:00

This looks good news for igp, as we are part of the piv-1 team.


The recent announcement that the rebirth of the CLEAR registered traveler program will use a PIV-based smart card technology could be very good news. The initial registered traveler interoperability standards took place at the same time as FIPS 201 and they passed like planes in the night.

This blog, a white paper by the Smart Card Alliance, the Security Industry Association PIV working group, the AAAE BASIC program and others have pointed out the need to leverage the Personal Identity Verification Interoperability (PIV-I) framework. PIV-I is an interoperable, multi-use, trusted, standard and expandable platform and meets the needs for secure credentialing in the 21st century. The case should be closed.


--------------------------------------------------------------------------------

And there is more good news on the aviation credentialing front coming from the RTCA. Its current airport security system specification-230-B-is getting a revisit to take advantage of the existing policy for PIV-I.

Where this remains unclear is how the FAA requirements for pilot "certificates" will play out. Pilots, law enforcement officers (LEOs) and others need to be included under the PIV-I credentialing umbrella.

The pilot certificate announcement just hit the Federal Register. It seems to only call out for photos, it would be a shame if all the credentials do not align in the aviation sphere of operations. Security for pilots needs to be above a "flash pass" bar. PIV-I also provides a way to accept credentials of Federal officials working in airports as well.

Down a level, it remains to be seen what kind of Public Key Infrastructure (PKI) certificates and biometrics are implemented on the PIV smart card announced by CLEAR. The standards here make this obvious. It is possible to make the misstep of not implementing a PIV identity to go with the PIV applet in this smart card. If I were paying for this I would certainly like to be able to use it for more than just airport fast lanes-though I guess this is enough for some.

Notwithstanding the previous and the education, migration, integration and operational steps ahead this is very good news for PIV-I. In particular it is good news for those who have made an investment and want to use PIV-I related identity infrastructure and applications.

[aphrodites] 25/11/2010 12:58

For what it is worth I have let my broker know I am there for 50,000 at 51p.

But if the seller keeps playing the silly games of recent days and keeps offering sizable stock at the middle of the trading range I too will keep reducing my price.

So if the price goes 50 54 and he comes back to test me at 52p I may not be there.

[yump] 25/11/2010 11:38

Whether the interims have any extra in them or not, we now know that the share will respond rapidly to good news and we're well into the contract newsflow part of the company's life, as against the 'development news' period.

We also know it can drift quite badly (as in the 30p drift) for no reason whatsoever !

imo its a classic case of sitting on hands with this share.

[pyman] 25/11/2010 11:09

drifting down- retest old trading range around 45p? interims will provide no surprises?

[accumulat0r] 24/11/2010 13:52

WJCC: the US Office.

Regarding how much they've spent - Knowing how frugal Andrew Walker is, probably as little as possible! ;o)

As they rent their Lutterworth HQ, I'm assuming they'll be doing the same in US. But I imagine the prestigious Dulles Technology Corridor won't be cheap. What are we talking about? Maybe tens of $thousands per annum? Whatever, when we consider the future $millions of additional revenue the US Office will bring in, its cost is surely going to become peanuts.

Intercede are sharing the same community as some of their partners / customers, a main one being Lockheed Martin. It's all looking extremely promising.

[wjccghcc] 24/11/2010 12:41

Yup, we've seen it all before ... several times :-)

Interims should be out in two weeks time. Depending on how much they've had to spend on the US office, operating profit should be up by around 50% at approx 1mm.