Intercede Share Discussion Threads

[igoe104] 08/2/2013 15:15

Interesting read.

An effective solution would be to issue tamper-proof, biometric ID cards - using fingerprints or a comparably unique identifier - to all citizens and legal residents. Last week, both President Obama and a bipartisan group of eight senators seeking immigration reform urged something along those lines, without calling it a universal national

[igoe104] 08/2/2013 15:04

This is a kind of project that igp should be involved in.

come on sales team, this is a project right up igp street.



Israel to being testing biometric ID cards in January 2013 biometricupdate.com

The Knesset in Israel has approved a trial of its new biometric database and issuance of associated smart identity cards, following a successful vote Wednesday

[yump] 08/2/2013 14:51

Yes, we can all see 'easily' that the market is growing and we can all see that IGP has flat revenues.

I thought someone who claims to know how easy it is to fix, could tell us how.

But perhaps not.

If I claimed that it was easy to fix, having been in the industry, I'd be spouting about it on here. As I have done where my experience is relevant on other boards.

But I haven't been in this industry.

[igoe104] 08/2/2013 14:44

Some farly decent buys over the last few days, wouldnt be surprised if it lion trust picking up stock at the cheaper price.

Yes pyman, security is the last place where cuts will be made, so i expect this to recover quickly.

[pyman] 07/2/2013 15:02

agreed IGOe. US cutbacks for sure but in cyber security and that end of the market? no way- security is evermore crucial .

[roger-lawson] 06/2/2013 11:28

All I can say in response is that I have run software product companies in the past and that makes it easy for me to see what is wrong in this business. You can of course research my background if you wish as it is publicly available. Or you can contact me directly and I'll send you a cv. Perhaps you might care to disclose who you are so other readers could do the same.

Whether it is a big market or a small one is somewhat irrelevant. What matters is whether it is growing and obviously there should be increased demand for secure identities in the modern world. How that can be capitalised on is the question. Intercede is simply not growing at the pace it should be (revenue flat for three years for example), and in addition it is unprofitable. Those are business issues, not technology issues.

In fact, Richard Parris has repeatedly said there is an enormous potential market for the company's products. Who are we are argue about that?

[yump] 06/2/2013 10:25

Roger-Lawson
5 Feb'13 - 11:48 - 3298 of 3301 0 0

"There's not a lot wrong with this business that could not be easily fixed."

How ?
This is what is irritating about your posts.
Are you an expert in the security market field ?

Would you actually know that the business would succeed with new leadership ? Or do you specifically know that the existing leadership is the reason it is not progressing as fast as investors would like ?

Because for any investor that is the key question. If you put new leadership into something where the factors for lack of performance are external, or where investors THINK there's a big market, but there isn't, then all that you've done is mess up the organisation.

[igoe104] 06/2/2013 09:36

Im staying put with the remaider of my shares. i cant see the amercian government cancelling security orders, (because security is top of their gender.) so i think its just about waiting for Q2/Q3 for new orders to come in, which should push the price back up.

[pyman] 05/2/2013 23:33

they may well just offer to buy the lot!!!now that would be annoying!

[ianhamo] 05/2/2013 11:51

It would be reassuring to see the board buying a decent amount of this stock!!! Come on hands in pockets, put your money where your mouth is!

[roger-lawson] 05/2/2013 11:48

There's not a lot wrong with this business that could not be easily fixed. But with an Executive Chairman who seems immune to criticism and is not likely to listen to advice, it's likely to go on in the same rut unless institutional holders take a stand, or the company receives a bid approach and Parris wishes to retire.

[wjccghcc] 05/2/2013 11:21

Well I've reduced to only a token stake now, although I didn't have many left anyway. Average purchase price of 20p and average sale price around 68p so can't really complain, even if I did start buying in 2005!

I still believe MyID is a good product with a great opportunity, but the market is so fragmented and the timing so uncertain that it's hard to justify a significant investment at this time IMHO. Plus the frustrating stop/start nature of the business isn't good for my health :-)

[aphrodites] 05/2/2013 11:15

Many on here will recall I have been very critical of the management of the company none more so than the FD who I think has a lot to answer for. With a professional qualification he should be able to guide the MD and advise on what is right or wrong. He appears to be a mere puppet and we all know what happens when puppets have their strings pulled!!

From the time of that ill-fated placement which saw the share price collapse from around the 78p level down to 40p this share has smelt of total mismanagement.

Roger Lawson can only be commended for highlighting the weaknesses in the Board of this company.

I trust Katie Potts from Herald Investment is not suitably impressed by the recent activities and will also makes her feelings known.

The problem you have with small AIM shares like this is that the Board is very rarely held to account by shareholders. They never want to listen anyway.

Very glad I am well out.

[roger-lawson] 05/2/2013 11:08

Yes underselling the value of the product is another issue I suggest. Possibly folks are unwilling to pay big bucks to a business that seems to be a "family" operation based in Lutterworth (where's that they might say)! Image is all wrong.

[igoe104] 05/2/2013 10:51

When decent revenue coming from Microsoft, HP, and other blue chip partners.

All whats happened over the last few years is management talking a good game and only receiving peanuts from big blue clients, Either way its the case of the product being overated by management or they have a poor sales team ?

[ianhamo] 05/2/2013 10:42

When is the board expecting to see a return from the mobile tech? That appears to be our only hope for any future! I'm hoping liontrust or any other instutional holders push for a sale of the entire company. Just to get out of this dog!

[igoe104] 05/2/2013 09:47

I was in the same boat as wjccgh, holding too much so luckly sold about 2/3 of my holding over the last year. but still hold 65,0000 shares.

Very disappointed with the last Rns, with so many big blue chip partners but very little revenue from them. (its a story of lots of froff and no beer) Parris guilty of being over positive, and now needs to stop talking a good game and start producing the goods very soon, otherwise he will be facing lots of angry holders at the next agm.

Dont think he will be on liontrust. christmas card list.

[fft] 05/2/2013 09:43

yump,

if you look back on my (long) agm report from 18 months ago, one of the things that i heavily pointed out was that sales growth, when the maintenance side was stripped out, had been effectively zero for the last few years.

which was why i sold my 6 figure holding.

For a leading edge product in an alleged multi million market, the sales performance has been dire.

[q1w2e3r4t5] 05/2/2013 09:02

what a myopic market ...

[pyman] 04/2/2013 23:21

if it is a decent product- and I think it is... now is the time to pouce re aquisition. We are all fed up, me included. Great promise but delivery not what it should be. Still holding....as getting out is bleedin difficult!

[davidosh] 04/2/2013 17:20

yump...in fairness Roger has commented here a number of times over the last two years and added links to ShareSoc. They also ran a full press campaign regarding the options that were awarded. I am sorry but you are the one that has only just turned up if you do not remember that far back !!

[yump] 04/2/2013 15:35

Helpful to turn up now and say it.
Cheers for that.

[roger-lawson] 01/2/2013 15:16

The fiscal cliff and threat to US Government budgets has been known about for many months, if not years.

Now if you had read the reports on the AGMs of this company in 2011 and 2012 which I produced, particularly the former one which was present in the ShareSoc October 2011 newsletter, you would have known I was very sceptical about other aspects of the management of this business, not just the LTIP. For example, here's some quotes from it: "There is clearly no sales and marketing director at a senior level though" and "The company really needs to change to be more sales/marketing driven if it is really going to be successful in growing sales in my view. At present their projected growth in sales is pretty poor for a software company in a growth segment.." etc, etc. Indeed I suggested a non-executive Chairman might improve matters even then.

The fact that I did not post those comments (which were in a very long article) on this board or any other board is not surprising because I don't spend a lot of time chatting on bulletin boards and most board readers would have been bored stiff by the length of the article. I stuck to the key issue at the time which was the LTIP, but it was certainly clear to me (as is obvious from the above quotations), that there were a lot of other issues with this company in addition to the LTIP. And that is one reason why I sold most of my shares after the last AGM as I made clear to Richard Parris at that meeting I would, because I had no confidence in him as Chairman.

So in essence, to blame all the failure to deliver as per forecast on the US Government budget situation would, in my opinion, be wrong.

As regards examples of where changes of management improved matters, I suggest you look at IDOX which went through a management revolution with the CEO departing some years back. It's never looked back since (share price up about ten times).

P.S. If any Intercede shareholders wish to read the full 2011 and 2012 AGM reports they are still available for free on the ShareSoc Members Forums.