Intercede Share Discussion Threads

[yump] 01/2/2013 13:34

"Yes if there is a problem, some shareholders will sell. But the intelligent investors then pick up the shares on the cheap, change the management and make real profits from the suckers who have sold."

Perhaps you could quote a few examples of that happening with this size of company.

You've somehow connected an announcement of US delays which is out of IGP's control, with some sort of issue with the IGP management. The US delays don't demonstrate anything about IGP management because the fiscal cliff problems have only just appeared.

If you've got issues with the way the company is being led IN THE ACTUAL EXECUTION OF THE BUSINESS, then why haven't you been talking about that on here ?

imo you're using one set of circumstances to support an argument concerning a different set of circumstances, which is a form of logical fallacy.

[roger-lawson] 01/2/2013 11:36

Regret I totally disagree with that point of view. You seem to be saying that if you think the management is incompetent you should not try to do anything about it but simply sell the shares. Unfortunately for many institutions, that is simply not possible and even large private holders would have difficulty selling any volume of shares in AIM companies at any kind of realistic price.

Yes if there is a problem, some shareholders will sell. But the intelligent investors then pick up the shares on the cheap, change the management and make real profits from the suckers who have sold.

It's also a question of whether you think the stock market is simply a place to speculate on share prices, or somewhere where you buy and own a part of a business and have responsibilities as owners.

[yump] 01/2/2013 10:51

imo you can campaign all you like, but the issue of the running and execution of the business, its product design and all that 'normal' stuff is separate from your initial issues with remuneration.

If investors don't like the lack of progress, they just sell. You can campaign against a business that isn't performing, but surely time is better spent by everyone finding a better business to invest in.

If the directors award themselves stuff without independent monitoring that's something else and actually does fall into the 'directors ate my hamster' category.

I think campaigning for better execution of a business is totally subjective, especially if you don't really know the market. A non-exec. chairman will not fix that - certainly not to the satisfaction of investors who are looking for a return.

[roger-lawson] 01/2/2013 10:17

An independent view of why the company is not achieving what the directors, and shareholders, all expected is surely essential. And that is what a Non-Executive Chairman would supply. I suspect the market is there, but the sales/marketing execution is not good enough so leadership is surely the issue.
More comments on this mornings announcement here: www.sharesoc.org/campaigns2.html (see bottom of page). Shareholders should join our Shareholder Action Group and support our long-standing call for a Non-Executive Chairman. At least that way there would be an independent view of the issues at this company.
Roger Lawson, ShareSoc

[distorted vision] 01/2/2013 09:12

Okay I have to hold up my hand and admit it - I'm still holding. I'd been waiting most of 2012 to exit IGP but when it recovered so I was at my break even point I thought I'd hold for long term.

I never saw the losses coming. Feeling completely gutted I didn't sell given that so many of you have. I have to agree with Roger-Lawson Richard Parris needs to go. The announcement was just usual spin without any substance. I don't see the share price recovering without some radical happening.

[roger-lawson] 01/2/2013 08:37

What can one say except simply dispair at the obviously consistent over optimism, and failure to deliver, of the Executive Chairman, Richard Parris. If this latest evidence of inability to produce the goods does not convince people that he should be removed and a new Chairman installed, I don't know what will.
Roger Lawson, ShareSoc

[wjccghcc] 01/2/2013 08:33

I still hold a few (only about 10% of my original holding bought at 20p) for old times sake plus the fact that Liontrust have been key buyers. The markdown this morning is because they haven't entered the market so we're back to big illiquidity.

It will be interesting to see if they still believe in their investment premise, in which case it should recover most of the fall over the next few months. If not, then IGP really have to start delivering new US contracts once the budget freeze eases.

[rivaldo] 01/2/2013 08:23

Exactly GHF. As another ex-holder (but watcher) I was amazed at the tiny initial markdown this morning - I bet some got out at far better prices than they anticipated!

IGP just never seem to deliver for one reason or another, but the promise remains, so I'll continue to watch and wait.

[glasshalfull] 01/2/2013 08:19

I know Aphro...held them for long enough :-)

Simply disappointed for holders that IGP's management - in my eyes - are failing to execute what I previously believed was the market leading position. I've not followed closely for a few years now & remember there was a degree of lumpiness to orders, but it still appears after all these years a "jam tomorrow" stock.

GLA

Regards,
GHF

[aphrodites] 01/2/2013 08:14

Glasshalfull

You can never rush to the exit with IGP.

History tells you that you can only sell when there is demand!!

[2vdm] 01/2/2013 08:09

It still does, but it will be a long haul. At least it has plenty of cash.

[daz] 01/2/2013 08:08

GHF - deferred orders are not really the end of the world and the cash position means the company can ride out the volatility. I see IGP as a play on the corporate security side taking off, that's where they've been investing.

[glasshalfull] 01/2/2013 07:59

I don't currently hold...but the lack of posts on release of a trading statement is deafening.

Looks like me a few waiting for market open & rush to the exits.

IGP showed so much promise as well....


Regards,
GHF

[looby loo] 30/1/2013 01:46

28 Jan. Intercede Vice President Peter Cattaneo to speak at ITEXPO East 2013

[pyman] 24/1/2013 09:44

jam tomorrow- its been that way for sooooo long . still hoping it wil lcome good and revenues will start to role but after 5 years I m wondering ....patience is a virtue but old age is coming!!

[igoe104] 21/1/2013 13:43

Interview with the ceo.

[boadicea] 17/1/2013 10:35

It is difficult to see why the share price is so firm atm, other than the seasonal effect noted by Yump.
There has been a distinct lack of news of late and the interims were disappointing. The higher overheads incurred by an increase in staff need to be covered by higher sales and I have as yet seen no evidence to support such an assumption.
Is it perennial hope that is supporting the sp, or does someone (Lion Trust?) know distinctly more than the rest of us?

PS: Perhaps the dreadful spread (6.8%) indicates mm's are equally wary.

[yump] 16/1/2013 15:48

Looks like the annual run up might be starting.

Actually looking at the 5 year chart is quite reassuring. I'm not complaining about a share price that's doubled in 2+ years since 2010, just because I've seen others multibagging.

Some shares have got to fill the 'middle-ground' of performance !

[boadicea] 12/1/2013 13:02

A trading update should issue shortly if last year is any guide.

[rambutan2] 02/1/2013 23:38

Missed this potentially good news in Nov:

European antitrust regulators have approved a planned joint venture by UK-based chip designer ARM and smart card and security companies Gemalto and Giesecke & Devrient...


and then in Dec from China...