Intercede Share Discussion Threads

[ramnik007] 21/8/2012 08:49

The fact that Richard Parris had happily accepted to 'rip off' shareholders with the old LTIP does not bode well long term. That informs me that he and Board are not bothered about the shareholders loss in value. I guess with ShareSoc beginning to get its message across, he has realised, he has put the spotlight on himself and Board for the wrong reasons. Pity really.

[hybrasil] 21/8/2012 08:22

A victory for shareholders?

[boadicea] 21/8/2012 08:21

So we now have a change to the LTIP -


Not sure how good this is and I am having difficulty interpreting the "equivalent in value" concept pertaining to any takeover offer between 57p and 125p.

My best shot is that the proportion that can be exercised is given by the following formula:
(Offer - 57p)/(Offer - 1p) or e.g. (43/99) for an offer of 100p.

At least the market seems happy with it.

[looby loo] 05/8/2012 14:06

Rugby, UK, August 3 2012. Richard Parris, CEO, Intercede, spoke at UKTI's Global Business Summit on ICT during its Cloud and SaaS session. Richard explores creating trusted identities to help solve security challenges for the 2016 Olympic Games.




RP takes the stage at 1:03:15
The video is worth watching.

[cliffpeat] 03/8/2012 09:35

@IntercedMyID is the Twitter account - and increasingly active.

I would suggest investors might "follow" - just 82 followers at the moment.

Cliff

[roger-lawson] 15/7/2012 12:48

ShareSoc has recommended voting against the three non-executive directors up for re-election at the forthcoming Intercede AGM. They were responsible for the defective LTIP and in our view are not fully independent. See www.sharesoc.org/Intercede_Update_4.pdf for full details.

VOTE AGAINST THE DIRECTORS!

Roger Lawson, ShareSoc

[fft] 11/7/2012 13:31

Thats the birthday of the long haired dragon who must be obeyed :-)

Otherwise i might have had a wander down there. And no, i am not taking the 2 kids to kl for a holiday....

[looby loo] 11/7/2012 13:05

Hey fft, fancy a day out in Kuala Lumpur?! ;o)

It would be nice if Intercede picked up some business in the Far East. I see Intercede's new Global Sales director, Matt Jefferson is presenting at IAM & InfoSec Asia 2012 in Malaysia next month:







Intercede's a Silver Sponsor of the event.

I don't recall seeing anything much about Matt Jefferson before – but there's a "Speakers" button on menu at top of page to read a bit about him. (Which might be difficult to find. The website menus aren't loading properly on my laptop.)

[fft] 04/7/2012 18:20

5,000 shares for a director. That is taking the p*ss.

Almost a sell sign !

[roger-lawson] 29/6/2012 15:07

Reference the photo of the new office opening, is that really an office? It looks very much like an ordinary house door. Not another converted large house in Lutterworth is it?

[boadicea] 19/6/2012 15:50

Every buy notches it up - presumably not much loose stock around.

[cliffpeat] 14/6/2012 20:46

RL @IntercedMyID tweeted a link to that news item this evening - perhaps they are reading this ADVFN board.

The more I read about NFC (Near Field Communications)(e.g. Barclaycard testing it at the Olympics), the more it seems that this might be a substantial market place for Intercede.

C

[roger-lawson] 12/6/2012 17:46

This is an interesting article from the local newspaper in Leicestershire - tells you where they are spending money:

[roger-lawson] 12/6/2012 15:55

Here are my comments on the Intercede prelims:

The financial results were much as expected based on previous trading statements – sales revenue was much the same as last year but profits down on the prior year. Fully diluted eps were 1.4p versus 4.1 previously (in reality therefore no significant earnings in the second half year as that was the figure at the half year).

Although the lack of growth in sales over the prior year is disappointing, they did report strong sales growth in North America, obviously offset by declines elsewhere. Costs have risen substantially however due to investment in sales and marketing (including the appointment of a sales director which was clearly a shortcoming in the company before), some new partnerships announced and obviously some technical developments in addition. Hence the reduction in net profit.

It is interesting to note also the mention of the effort expended to protect the "MyID" registered trademark which they indicate to be an "expensive" process. You only have to do a quick internet search to realise that myid.net is owned by a Korean company and myid.com is owned by a subsidiary of Experian – from my memory this has been promoted by Experian (not a small company) for some years as a service to protect one's identity (ProtectMyId in the UK).

In addition, there are other "Intercede" companies. So in essence the trademark situation looks to be a real mess as I rather suspected from past conversations with Mr Parris. This may be a topic for a question at their forthcoming AGM. Trademarks are usually easy to protect if they are original and registered in the appropriate classes and jurisdictions immediately. Was this done one wonders? Perhaps there will be more information on these problems and the costs incurred in the Annual Report.

The announcement also covers the 2012-13 business strategy and the first item mentioned is "continue to invest in sales and marketing in order to increase the pipeline of opportunities". One cannot surely argue with that?

The above comments were mailed to our Intercede shareholder action group members. If you have a holding in this company, you may care to register your interest - see www.sharesoc.org/campaigns2.html

[pyman] 11/6/2012 23:11

true. SRT and IGP are my largest holdings on AIM also. IGP- patience is a virtue but i ve been here 6 years I think. thought the opportunity then was good! still is but it's driving me nuts how patient I m having to be. SRT aslo requiring patience but i ve only been there two years. They both offer great promise for sure. I dont want to be in a care home by the time thye come good though! just a moan.... i dont think there are many obvious buyers for teh companies too

[boadicea] 11/6/2012 11:34

Apart from a couple of ISA-able resource stocks, IGP and SRT are my two largest AIM holdings.

Both are niche companies supplying component/module functions to system integrators, although some of SRT's more recent developments, e.g. MOB, could become stand-alone items. Equally they both have potentially very promising futures and already in profit.
The advantage of this limited customer base is a sensible limitation of marketing cost by very clear targetting.

The question of independence is often raised.
From a customer's point of view it is usually preferable to buy from an independent supplier than from a competitor - ergo, if taken over by an existing customer, other customers will not be happy. This doesn't rule out their acquisition but it narrows the predatory field.

Hence I feel there is a reasonable expectation of independence for some years ahead giving current holders the possibility of extended benefit from market expansion.

[boadicea] 11/6/2012 09:46

Very quiet here this morning.
No real surprises in the report. The item that caught my eye was that, "The level of exports has further increased to 89% (2011: 80%)". The increase over three years is from 56% to 89%.

Plenty of promise. We just need to see the orders expanding and before long, one hopes, the introduction of a dividend.

[pyman] 08/6/2012 14:58

frankly I wish Motorola would just buy IGP and put me out of my misery.

[looby loo] 29/5/2012 14:02

Intercede's starting to get a bit of coverage in the USA media (compared to zilch in UK). This article by Marjorie Censer is worth a read. She covers government and defence contracting for The Washington Post's Capital Business. So it's good to see someone in her position helping to increase awareness of what Intercede's doing.


20 May 2012

....... Peter Cattaneo, vice president at United Kingdom-based Intercede, which also has an office in Reston, said his company's software, which helps verify the identities of users signing into their computers at about a dozen federal agencies, is increasingly being used for mobile devices.

"Both our government business and all of our commercial business is moving at breakneck pace towards being mobile," he said, but added that it will take time for the mobile piece to make up a significant piece of Intercede's revenue.