Intercede Share Discussion Threads

[pyman] 28/5/2012 22:02

security should be pretty recession proof I d have thought. IGP should not have much problem growing through these times. Hard times=more crimes. how bout that for a catch phrase!

[yump] 15/5/2012 12:18

I think I'll just use it as a 'bank', waiting on excitement elsewhere.

That's not likely to come with current Euro worries, but if and when the market stabilises, I'm sure there'll be significant news in other companies that will warrant me switching the cash to them.

Strongest one recently is DEMG which could be on the verge of something big, but I'm over-invested now.

[wjccghcc] 15/5/2012 11:51

There is still underlying growth given that last year they had an exceptional 1mm revenues from Boeing, although clearly the progress is obscured by the increased investment which has suppressed profits.

The move to the rental model will help smooth out future lumpiness which will lead to more accurate forecasting although the transition could take a couple of years.

Strip out the cash and they're valued at 23mm which is a current year PE of 15. Personally, I think they have a couple of years to demonstrate their potential or they'll be bought.

[aphrodites] 15/5/2012 11:21

Yump

Pure greed by CEO's to rob shareholders, fill their own pockets and burying their heads in the sand ignoring sensible City advice, eventually results in investors looking, at the right time, for other homes to place their money.

With share prices under pressure and IGP's share price looking to be immune but having been supported artificially in the market, it is only right to test the buyer and to invest the proceeds in a lot more liquid stocks.

But as we can all see there is no volume and the MM's run a mile when any size stock is on offer in markets like these. You can only sell shares like IGP in good markets and when there is demand.

You are quite right to question IGP's potential for growth.

I have done that calculation and have come up with a negative equation. I have sold almost my entire holding of 200,000 shares leaving me with a residue of 10k.

It has lost its excitement for me.

[yump] 15/5/2012 09:39

It will be interesting to see the results, as the Feb statement said revenue was the same as last year with 6 weeks to go, whereas the April statement said ahead (but not by how much). So I guess a bit came in the last 6 weeks of the year.

Although it seems to be steady as she goes, its disappointing to find that after these years of investment, revenues are not accelerating.

Particularly as they are now going to change the revenue model, moving any potential increases out to the medium term.

Some of us here have already done our medium term !

I half 'buy' the tough global economy stuff, but as far as I know, you don't stop dealing with security because your budget is tight. Perhaps IGP falls into the added value security market, rather than the essential one.

I've kept it as core sme holding, but its not nearly as exciting as it was.

Perhaps we'll be surprised sometime this year by something significant, but I can't really see what it is likely to be. Particularly as its been said already that MyID is already used widely by this that and the other agency / company. So where's the money ?

I think we're well overdue a proper statement from the company about market potential. Not just talk. Some real figures.

I want to know if its really got potential to grow significantly.

[roger-lawson] 25/4/2012 19:02

Rather too early to judge, as it's a long term scheme as its name implies but it certainly won't make it easy.

[somerset lad] 25/4/2012 18:24

Can the LTIP still pay out given the earnings miss?

[roger-lawson] 25/4/2012 18:13

Certainly agree with the last post. But part of the problem is the idiot LTIP that actually disincentivises the CEO to invest cash in developing the business because the result might be a short term hit on profits (and hence eps when the LTIP is eps based).

No way to run a software company with growth potential.

[pyman] 25/4/2012 17:54

like the mobile as a smart card . One thing we tend not to loose and neat user friendly idea.
Re cash on balance sheet- yup- it's propping share price up but I expect a company I invest in to use it's cash to grow it's business while maintaining prudent finances. IGP seem just to add and hoard- what' s the interest rate I wonder?. I don't mind if they have an aquisition in mind (planned organic growth preffered) but £7m is getting v large for a co with this turnover/profit/mkt cap... and growth ambitions. Having said that I d rather they conservative than gun ho. The balance seems out of whack to me.

[igoe104] 25/4/2012 08:24

HAVING cash on the balance sheet is good for keeping the share price proped up. with-out the 7 million plus in the bank the share would be alot lower.

[pyman] 25/4/2012 08:07

even if it's not a money spinner it's great to see MYID spreading its wings through multiple channels. Just gone past 6 years holding IGP. Still waiting for the co to take off. patience of a saint ! the endless cash building on the balance sheet: what to do eh? must be burning a hole in the pocket of the FD. Glad they have not made a silly aquisition but it would be nice to find a sensible one to get thr growth going!

[igoe104] 24/4/2012 17:40

Yes they are. but this version seems a more secure one, and better for sharing with.

[roger-lawson] 24/4/2012 15:50

Yes but there are already other "secure" email solutions on the market surely who have probably grabbed most of the market share in businesses for this kind of product so this is simply a refinement and may not be such a barnstormer. Or can anyone advise otherwise?

[igoe104] 24/4/2012 09:24

They should do well out of that looby loo, i can see alot of blue-chip companies signing up for this.

[looby loo] 24/4/2012 00:27

Here's a fine achievement for 3 little UK companies working in partnership. ;o)
Intercede, Deep-Secure and adept4 partner to launch secure email service

[stevieweebie2] 05/4/2012 08:03

5 April 2012

Intercede Group plc

("Intercede")



Year End Trading Update

Further to the Trading Update issued on 16 February 2012, Intercede confirms that the financial year ending 31 March 2012 will be profitable and cash generating. Pre-audit indications are that revenues will be ahead of the prior year and profits will be in line with expectations. Cash balances totalled £7.0m as at 31 March 2012, which compares to £6.0m at the same time last year.



We continue to invest according to plan to meet emerging market demands in cloud services, cyber-security and mobile device management. Additionally, Intercede has invested in four new 'identity as a service' opportunities with partners. Only one of these services has contributed to current year performance but all are likely provide recurring revenues in future periods. Three of these services are through partners in the US.



Richard Parris, Intercede Chairman and Chief Executive, said:



"Intercede is in a stronger position than a year ago both financially and operationally despite a depressed global economy; and the orders we have received demonstrate that we remain the technology leaders in our sector. We remain committed to investing in the development of market leading technology to meet demand for identity focused services around the world and in the US in particular. As we continue to grow our sales infrastructure and support capability, we are increasingly better placed to exploit this growth potential."

[boadicea] 29/3/2012 18:11

Nothing like a bit of good news to cause a price drop these days!

[looby loo] 27/3/2012 23:45

Some good news ahead of the Las Vegas exhibition, commencing 28th March:


27th March 2012. Intercede extends range of physical access control systems supported by MyID:




With Codebench being the leading provider of TWIC / HSPD-12 / FIPS-201 authentication and physical access control middleware - that's another good partnership in the bag:

[yump] 27/3/2012 12:43

Better than being at 58p though.

[distorted vision] 27/3/2012 11:38

SP hasn't moved in around 3 weeks now. I'm starting to lose patience with IGP....

[boadicea] 22/3/2012 12:14

MM's seem to be steadily absorbing stock at 70p without shifting the bid. Have they been short and now gently replenishing or do they know of a willing buyer at the current level?

[rambutan2] 20/3/2012 04:02

IGP presenting at TSCP event in Washington on thurs...

[roger-lawson] 12/3/2012 15:31

We had a meeting with Marcus Studdard, Head of AIM, a couple of weeks ago, and our next edition of our newsletter (due out later today) is focussed on the problems of AIM. But you do need to register via our web site if you want to be kept informed on this campaign and so we can send you any necessary paperwork if it comes to that.

Roger Lawson, ShareSoc

[strollingmolby] 12/3/2012 14:10

Well done on this Roger (& Co.) - very happy to join the SHAG and pledge the small number of IGP shares I have to the cause.

This would be a fine example of a failure of AIM regulation to discuss with Marcus Stuttard at the LSE - whom I'm sure ShareSoc are already engaged with.



SM