Intercede Share Discussion Threads

[igoe104] 17/12/2010 09:48

LATEST PIV news.



CertiPath said that the U.S. Department of Homeland Security estimated in 2009 that there were 25.3 million first-responders who may require PIV-I credentials.

[yump] 15/12/2010 07:48

As its got the potential to multi-bag from here, I'd be very disappointed if it got taken out at this stage.

Just removes a great stock from the portfolio and you have to hunt for another one. Its the many-baggers that transform the returns if you're skilful or lucky enough to pick them.

[aphrodites] 15/12/2010 07:34

If you recall I posted around 12 months ago when the shares were trading around 40p that any buyer would have to pay around the £1.20 level and quite possibly someone was deliberately trying to suppress the share price.

This last year's trading performance and new contracts has put a totally different price on the company.

I am looking for a price of £1.25p in 6 months time just on the back of the re-rating of the company, ever increasing cash in the balance sheet and the proven ability to grow the business. And if they start paying dividends it brings a different sort of investor into play.

On the back of that we are now talking of a take-out price nearer to £2.

Someone is now definitely trying to buy stock and the sell tactics have changed.

Whether the shortage of stock in the market will force a potential buyer to disclose its hand is another matter.

It would be a very pleasant end to 2010 if the company announced it had received an approach and they were in discussions which might lead to a bid.

I am glad I added another 50k shares last week.

It will also be interesting to see if the company decides to sell the staff shares it bought. If it does I wouldn't mind betting some of staff who sold their shares would be pretty p----d off to see their company making a quick buck out of the purchase of their shares!!!!!

Another reason why I feel IGP was badly advised getting involved in the purchase in the first place.

Lots to play for in 2011!

[igoe104] 15/12/2010 01:59

IT makes you wonder aphrodites, how long before this company gets taken-over.

[aphrodites] 14/12/2010 15:16

Looks like you are right IGOE.

My broker just called and asked if I was interested to sell 100,000 shares. He thought the buyer might pay 79p or better!

[igoe104] 13/12/2010 12:53

its great to see any seller stock get taken,by a buyer. its very good news for this share. if this continues we wll soon into the 80,s.

[igoe104] 10/12/2010 11:40

Federal agencies, banks agree to cooperate on cybersecurity
09 December 2010

Two federal agencies and the financial services industry are teaming to promote public-private cooperation on cybersecurity for the nation's banks.
The Commerce Department's National Institute of Standards and Technology (NIST), the Department of Homeland Security, and the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security signed a memorandum of understanding this week to facilitate innovation, identify and address cybersecurity vulnerabilities, and develop effective cybersecurity processes to keep financial institutions safe from cyber attack.

The public and private organizations plan to combine their cybersecurity expertise, research and development capabilities and other resources to test new cybersecurity technologies and develop new processes that protect financial services functions. This cybersecurity research could also be applied to the health care and smart grid areas, NIST noted.

"We certainly could proceed bilaterally with both DHS and the financial services industry without any formal memorandum", Charles Romine, acting associate director for laboratory programs at NIST, told Government Computer News. "Where this adds value is in sending a strong signal" about public-private cooperation, he added.

One aspect of the agreement, however, is surprising. There is no funding provided to carry out the cybersecurity efforts detailed in the MoU. Each group has to pay its own way if it wants to participate in joint programs.

In a White House blog, chief technology officer Aneesh Chopra and cybersecurity coordinator Howard Schmidt said: "In this global, digital age, the nation's competitiveness and prosperity depend on cybersecurity. Working together, these partners will use the power of innovation to make cyberspace safer and more resilient for the nation, its citizens, and its businesses."



This article is featured in:
Internet and Network Security • Public Sector

[yump] 10/12/2010 10:57

Your wish appears to be someone's command ;-)

[aphrodites] 10/12/2010 10:21

FELIX

It's up to shareholders to make their views heard.

I know the FD of IGP looks ADVFN so perhaps he might take note.

After all he is responsible for the statements to the market.

Got to dash now. I am off to the Surrey County Cricket Club Xmas lunch.

With a bit of luck the Aussies might get another good thrashing from the guest speaker!!

Come on guys buy a few more shares while I am away from my screen!!!

[igoe104] 10/12/2010 10:13

All this worry about cyber-crime is music to my ears, alot of companies like mastercard, paypal and other banks are going to to make the computer systems more secure to protect their confidential data. as well as government systems (especially the usa govenment). im expecting good business, in this area over the next 12-18 months.

[felix99] 10/12/2010 10:13

Thanks Aphro - I meant 50k shares.

If you think IGP is iffy way they have done buyback you should look at CCT. Talking hundreds of thousands of pounds and more that company bought back off director and main shareholder at mkt price when discount would have been enormous for normal sales

[237gmoney] 10/12/2010 10:01

Great to see this share finally get what it deserves. Still following from the sidelines and looks like it should finally make the magical £1 mark next year.

Just a shame it took so long! Keep up the good work guys.

[aphrodites] 10/12/2010 09:57

WJC & FELIX

So why not make a clear statement as to what was behind the purchase?

And why should the staff of IGP be put in a privileged position when selling their shares?

Whenever I took up my share options the company never offered to stand behind my buys or sales. I was in there with the rest of the market. But they did make a bank facility available for me to buy and sell.

You know as well as I that normally if you wanted to sell 50k shares in the market you would do so at well below the bid price. So why should IGP underwrite it with shareholders cash?

I commented in a previous post about creating a false market in share dealings. Having myself been party some years ago into an enquiry in another market about a certain large trade I was behind, I am particularly sensitive about such transactions.

As for the timing of my buy yesterday and reasons, it was the first time I was offered size and bid at my price and the seller delivered.

And I only invested £33k not £50k.

[felix99] 10/12/2010 09:21

Aphrodites - I think you are making a meal of the buy back.

They have just done it to facilitate an orderly sale of the employees option shares.

If they all sold 57k independently they would trash the price with little in the way of buyers and MM's have no appetite for stock so IGP will have wanted to avoid that and any hassle where one staff member got say 58p but others got 55p or whatever.

Also remember a lot of staff members would not have the ready cash to exercise so I am sure the company has made it easy and done it all through broker so they just get a check for the difference rather than having to stump up to buy and then wait for a bigger cheque back on sale.

Have a look at Mr King at CCT - frequently in the past he used share buy backs to flog his shares in the mkt and substantial numbers as well.


Interesting why you have suddenly decided to throw 50k in at 67p Aphro as well - why didn;t you want to test the resolve at 55p etc ????

I was going to try and add at 58p or so but never quite got there on that last dip.

Nice high though - been tipped today or is it your 50k that pushed the market Aphrodites.

TIA

[rivaldo] 10/12/2010 09:15

Has IGP been tipped, or is this just a long overdue re-rating (or just a reaction to Aphrodites' 50k purchase yesterday?!). Good to see anyway.

[wjccghcc] 10/12/2010 09:01

Aphrodites, I think you might be reading too much into the buyback. When I've discussed options with them in the past, they said that when they originally put option schemes in place they found their employees weren't very interested and would much prefer cash bonuses. That's why no options have been granted since 2002.

The 2001 scheme expires this month, and all the 187k options were exercised at 47p. Walker has kept his 128k but the employees holding the remaining 59k wanted the cash so IGP bought their vesting shares at the market price.

I don't get the impression this is the start of a sustained share buyback scheme at the moment. Of course, with cash heading towards £6mm, they may well start one next year...

[aphrodites] 10/12/2010 08:44

Archa

Either the company is poorly advised or there is something more purposeful about them making an announcement that they bought their own shares in the market.

There is nothing technical about a deal of that size.

If the company came out openly and said it was going to buy back say 2% of its stock in the open market it would be better than leaving the transaction with a big question mark hanging over it.

Incidentally, I bought 50,000 shares yesterday at 67p or better.

I decided it was time to test the determination of the seller who quite clearly was offering a line at 65p.

With a good write-up by the company broker,other broker and media buy recommendations and the company making a statement about its intentions to buy its stock in the market I believe the share price could easily test the £1 level by the end of January if not before.

[archa] 09/12/2010 16:38

Precisely, I suspect it is for a relatively minor technical matter, although I have no idea what.

[aphrodites] 09/12/2010 15:21

We haven't seen this sort of volume for a long, long time.

Could someone be trying to get IGP to show how intent it is on buying its own shares back?

As I asked the other day: And now the company enters the market to buy the odd 58,000 shares. Why? What is the purpose of this exercise if it doesn't follow up the buy?

With their money burning a hole in their pocket what is the purpose of spending a miserly £37k?

[igoe104] 09/12/2010 15:12

Interesting battle going on today between a buyer and a seller.

I wouldnt be surprised to see mirosoft take igp over, because it would give them full control of the market.

[igoe104] 08/12/2010 05:11

worth a read.

[wjccghcc] 07/12/2010 23:11

My understanding is that it was the third time Herald had approached the company to buy a stake, and it was decided that it would be best both for credibility and future flexibility to have an institution of their standing on board. Given their history, IGP feel a strong bond with their longer-term shareholders and are keen to avoid diluting them unless absolutely necessary. Therefore the shares had to come from Parris. Also, that's why they bought the 58k new shares issued to the employees who wanted to cash in their options.

Regarding Aphrodites options, my view is 1) yes there will be a FY dividend 2) They won't move to the main market - too much expense for very little benefit in their case 3) They have looked at acquisitions to add to the MyID platform but it's hard finding ones that don't compete with their major clients.

With their competition seemingly imploding, the market will soon be between IGP and microsoft. My endgame here is that within two years, IGP are into double digit revenues giving EPS of 8+p. A takeout by IBM or BAE on a PE of 20 gives a similar target to Aphrodites.

[aphrodites] 07/12/2010 21:56

fft & Archa

Re both your comments : "A smart move for remaining shareholders" & "this share is very illiquid".

If you look back at my post 2470 you will see I endeavoured to make exactly your points but from a different approach.

The business has made massive strides towards profitability but the stock remains illiquid.

Despite the CEO selling a few of his shares to Herald no other institutions have been brought on board. Any why? Because the share remains illiquid. So what was the reason for selling to Herald in the first place? What did it achieve, unless the Board has another agenda?

And now the company enters the market to buy the odd 58,000 shares. Why? What is the purpose of this exercise if it doesn't follow up the buy?

I suggested some weeks ago that the company is at the crossroads and has to make several big decisions. (1) Pay a dividend. (2) Move to the main market. (3) Make an acquisition requiring the issuance of more shares requiring new institutional backing.

There is of course one other decision and that is have a management buyout or force a takeover.

And the former does happen when the market does not value a company according to its prospects.

The time is fast coming when the Board cannot just sit back on its backside and take the shareholders for granted. Cash is building up in the balance sheet and the CEO needs to give an indication to shareholders of what its future business plans may be to use this.

The share offers very attractive potential and I have every hope of seeing this around £1.50.

[archa] 07/12/2010 15:41

Re: post 2468 "Good to see a share buyback announced today." Why good? This share is very illiquid and I fail to see why it would improve it to make it even more so. Apart from that consideration, the number of shares involved, 57,975, hardly constitutes a serious buy back.