Intercede Share Discussion Threads

[aphrodites] 12/4/2011 08:55

fft & FELIX99

Before the most recent announcement i bought 30k shares at several prices in the 79p region on the day - not below 79p and not above 80p. Bang, the next day came the announcement

Someone was up to their usual tricks trying to keep the price down just before the announcement.

As you will know I have been posting here regularly about the tricks someone is up to trying to put a cap on the price.

Unless someone is preparing to make a bid for the company I cannot see what the point is of suppressing the price.

Unless one of the major institutional shareholders is playing games, which I doubt very much, the whole trading share pattern makes no sense.

I have now left a bid for 50k at 77p with a broker.

I do not expect to get hit!!!

[felix99] 12/4/2011 08:05

I bought a few as well - its really strange in that there does seem tobe lots of stock around but I do get the feeling at the same time that there are plenty of buyers there - and its just a bit of a poker game as to what price the seller gets cleared at thats all

[fft] 12/4/2011 06:05

be interesting to see if my 29k buy at 80p stops Aphros target for his 25k being hit !

However, I think this trade indicates my comment above about there being a seller about is still true.

[felix99] 11/4/2011 09:35

Aphro - it should touch you today . OR have you moved your price ?

[igoe104] 10/4/2011 09:15

Latest write up in the leicetershire mercury.

(if things go to plan we should see 2 quid plus over the next two years.)

The company has previously said it was on track to treble turnover to £21 million. It secured a contract with software giant Microsoft last month which is likely to lead to a significant boost in sales.

Under the deal, Microsoft customers will be offered the use of Intercede's MyID swipe card system. Each card is linked to an individual computer – which will not work unless the card is used to unlock it.



ps i heard we came runner-up in the business awards.

[aphrodites] 08/4/2011 10:22

FELIX

There are many times with AIM shares especially IGP that you can only deal in 2,000 lots on the sell side.

I had it on good authority that there was a buyer in size under the market.

It was bid 82p for 10k at one time.

Today you will see silly games being played again with 11746 shares being sold at 76p.

I have a bid in for 25k at 79p but it did not touch me.

It would be good to see the institutions actively supporting the price but maybe they think they can pick up even cheaper stock!

[wjccghcc] 07/4/2011 23:27

pyman, I think they're currently up to getting on for 65 staff so have increased headcount significantly in H2.

[felix99] 07/4/2011 16:00

Well they are doing a good job of bluffing Aphro - can buy 25000 at 82.5p and can;t sell any online .

[aphrodites] 07/4/2011 13:39

It appears there is a substantial buyer in the background willing to purchase any loose stock.

Is it one of the two original institutional investors?

No point them chasing the price higher without getting any stock.

But it is a ploy of the MM's to try and create the feeling of stock on offer when they know they have a major buyer on the sidelines.

On today's statement there is only one way for the share price to go!

[pyman] 07/4/2011 11:50

Looking at cash of £6m. IGP set up offfice in USA and increaed admin costs by £650k in the last half year.Average number of employees up by 2 to 56. There is a lot of money there to expand support and sales functions if microsoft deal increases the workload without the need for borrowing . I reckon they are in a very strong position to push ahead.
I see dividends coming soon!

[dick grasso] 07/4/2011 08:25

As far as I can see forecast adjusted EPS for 2011 is 4.1 the same as 2010, is this right? thanks! (thats with sharelockholmes!)

[glasshalfull] 07/4/2011 08:15

Lovely forward looking statement.
Well done the Intercede team.

Regards
GHF

[yump] 07/4/2011 08:09

So effectively half year to half year was 10% growth, if you exclude the the NHS licences ?

If they expect acclerating growth that p/e should drop nicely, or rather the share price should rise to keep the p/e in a similar area, or better still the p/e should rise a bit to reflect the growth AND the share price should rise.

Quite happy for just one option to happen for the time being though !

[wjccghcc] 07/4/2011 07:16

Full Year revenues +10% with PBT in line gives H2 of 3.3mm vs H1 of 3.5mm. As expected given the H1 boost from the final NHS licences which would have been worth at least 500k. Nice to see cash of over 6mm - it really is turning into a cash machine.

They flag accelerating revenue growth over the next 12-24 months from MyID9, PIV-I and the Microsoft partnership. Be interesting to see Finncap's new forecasts for the current year.

[fft] 06/4/2011 09:31

Until now, IGP have been dealing with the large boys, so can, presumably, build individual support teams within each company the products have been sold to. Or have a central support for only a few customers who are well known.

If they are now selling to MS customers (smaller, less value - SME's), who will provide the support ? Will they have to spend more on support infrastructure as MS sales ramp up ?

I wonder if this could be a bit indigovisionish, where past a certain point the business needed to have quite a bit invested in it to get it to the next level and that knocked profits.

[aphrodites] 06/4/2011 09:16

WJC

I agree with your analysis of the situation.

The problem we have here is that with only two institutions of any note with holdings in the company the CE does not need to be as transparent with the rest of the shareholders as he would be in a larger company.

Easy to meet with the two institutions and update them with progress and answer their questions as to where they are taking the business. With cash building up in the company I would like to see a lot more open discussion as to where they believe the future lies for them.

Let's hope the next AGM and results will allow a discussion along these lines.

[wjccghcc] 05/4/2011 22:37

Not so sure Archa - I wouldn't be surprised if they only meet or beat slightly rather than by that much. H1 was boosted by the 400k NHS license sale which won't be repeated and H2 has the costs of the US office and increased staff recruitment.

All the recent good news of MyID9, PIV-I, Microsoft and the Defence Association will benefit next year rather than the one just ended, as will the implosion of the competition.

IMHO They're making all the right moves to triple turnover over the next 5 years and if investing for the future means having the odd pause in profit growth, I can live with it.

[archa] 05/4/2011 22:09

I am looking forward to an anticipated trading report, possibly this week or early next. Whilst FinnCap are sticking with pre-tax profits of £2.0m and EPS of 4.10p. I can see good reason for being more optimistic than this, going for £2.485m and 5.0p. respectively. If the preliminary results come in at much less than this, I can see the current price weaken a bit on a disappointing outturn. I am well aware that we are only likely to get figures for turnover and current cash within the next few days, but the first of these should make prediction of the overall outcome relatively easy.

[pyman] 05/4/2011 15:29

hmm. So is th smart phone a threat or an opportunity? presumably the software is still needed - just put on a mobile rather than a smart card. Another serious reason not to loose your phone!!- or let the battery die at a crucial moment.

[igoe104] 05/4/2011 09:17

WORTH A READ.

[looby loo] 03/4/2011 21:33

Shares listed on NASDAQ do tend to be rated on higher PEs than AIM but I don't think that needs to be a reason for Intercede to be listed there – because the share price, at some stage, is going to explode – wherever its listed. ;o)

Intercede is starting to generate more of its business via its office in Dulles Technology Corridor. With it being in partnership with the likes of Microsoft, Lockheed Martin, Symantec, etc, I think a NASDAQ listing would be more appropriate than AIM. But it would be expensive. I don't think Intercede would want to incur that expense just now if it can manage without it. 'Though it would be nice to think it was on the agenda.

[billbyrne] 03/4/2011 17:36

With 58% of turnover in the US and that figure likely to rise, I think its
time to think about a dual listing. If the main listing was in the US I
think we would be looking at a higher share price than we have now.

A different business altogether I know, but look at the impact on Signets
share price since they moved their main listing to the US.

[pyman] 31/3/2011 18:18

good to hear!

[igoe104] 31/3/2011 17:54

Good write up in the leicester mercury.

Mr Parris said the partnership with Microsoft gave it access to the US firm's many thousands of medium-sized business customers – a potentially lucrative move.

"At the moment our customers are some of the biggest in the world," he said. "But this allows us to get our product to medium-sized enterprises, which opens up a whole new area.

"This company is capable of turning over a significantly larger amount of money. We are just at the beginning of the growth of this market."