Intercede Share Discussion Threads

[runthejoules] 06/7/2018 21:30

As someone on STocko pointed out, PS posted at 11:39.
c £25k worth of buy trades spread over 15 trades.
Approx £24k worth of sells, over 4 trades..

I don't think they were insinuating PS was the seller. He does outline his philosophy on small caps but it's basically ant-elephant and the advantage of research if you have the time to put in. So I should have bought the Paul Scott spike after all! I do watch his buys and some have been a bit ropey recently so didn't follow him in here.

He does seem to hold for longer - for good or bad, than someone like Naked Trader, if it starts to go pear-shaped after initial success. So you might do well buying into the hype but managing your own sells. (Not advice!)

I forgot it was low-volume madness Friday, and that no attention is bad attention on an unloved stock... We'll see if there's more to come Monday but I fear I have missed out...

[topvest] 06/7/2018 15:12

The Paul Scott effect - wow!

[runthejoules] 06/7/2018 15:00

She-ra: no, yes (convertible at a much bigger price) and no.

[she-ra] 06/7/2018 13:59

In his piece does he explain why he buys into blog recommendation sensitive low volume shares where he can make easy money by talking about them?

Does he also mention those convertible bonds which could lead to massive dilution?

Does he explain why he is talking up an inferior company to Trakm8; a company he continually bashes?

[runthejoules] 06/7/2018 13:20

Not buying the Paul Scott spike but will do my research & wait for it to calm down...

[mctmct] 06/7/2018 13:04

Paul Scott has taken a small position in his Stockopedia fantasy fund BMUS. He explains why in today's Small Cap Value Report.

[daz] 07/6/2018 15:54

Agree patience is going to be needed here but the attraction (which I should have mentioned earlier) is that if they can build revenues then because margins are very high, profits will be very geared

[the big fella] 07/6/2018 14:53

Daz - decent post. They are probably worth keeping an eye on, but plenty of better placed investments IMHO.

[daz] 07/6/2018 13:31

I don't think they're beyond hope but there is certainly a significant amount of risk.

On the plus side:
They've cut costs - run rate is 20% lower than this time last year
Support & Maintenance revenue, which is very reliable, as contracts are spread over a number of years has been building steadily to the current £4.4m and will hopefully be around £5m in the current year
Revenues are forecast to rise this year but that will be dependant on the timing of some large contracts.
The need to make things more secure is certainly there and their market ought to grow

On the not so good side
It's not clear whether they have sufficient cash to see them through to profitability but with costs being cut and with the company saying they have £4.7m as of April, it doesn't seem like they will need much extra.
The convertible load notes are well out of the money at the moment and there is a risk that they will be redeemed in cash if the share price doesn't get past the 68.8p conversion price, cash, which the company doesn't have.
Adoption of their technology has been slow, they have a good niche in defence but getting the technology accepted into other industries has been hard.
Contracts are very lumpy

[davidosh] 07/6/2018 11:46

Incidentally Richard Parris will be at our MelloSouth event in Hever next week. He was also on a panel at our Mello2018 event two months ago

[jailbird] 07/6/2018 11:29

Not for me eitheR.

What happened about IOT and MyTAM ..these were supposed to generate large revenues soon

[the big fella] 07/6/2018 11:20

Having read the results there really isn't that much to get excited about. Given the sector they are in they should be making profits not significant loses. As for the outlook statement that was as clear as mud. Perhaps they would like to elaborate why they are so confident they will return to profit with 2 years. Not for me.

[sharesoc] 30/4/2018 13:34

Take a look at our recent blog post which mentions Intercede: Beaufort Administration, Intercede and the Mello Conference

[mdchand] 27/4/2018 09:29

A bit of a bio on him on linkin. Seems to be a results driven manager. hxxps://www.linkedin.com/in/kvanderleest/

[wigwammer] 27/4/2018 09:06

He must have taken £1m of costs out, and removed the whole senior team. Dressing it up for sale?

[yorkiemike] 27/4/2018 08:53

Let’s hope the new CEO is a Klaas act then.

[mdchand] 27/4/2018 08:50

Did she resign or was she asked to resign? I suspect the new CEO wasn't impressed with her track record and obviously feels he can do a better job. Perhaps he can?

[garth] 27/4/2018 08:45

And the exit of the Sales Director sees me unexpectedly back out for now.

G.

[zipstuck] 27/4/2018 08:24

So the Sales director leaves with a big paper loss on last years share purchase ands after what seems to be a successful run of contract wins???

[daz] 26/4/2018 11:37

A raise is highly likely in my view as well. A new CEO will not want to have his hands tied by not having the cash resources to carry out his plan.

The question is really how much do they need? I thought before they could avoid a raise if revenues ramp up as expected but it was tight. So on a positive view they may not need to raise much but if revenues are slower to build, it would be more.

[jailbird] 25/4/2018 22:34

Garth,

My cynical hat says is he boosting the prices for fund raising?.

Not sure if profits are in sight this year

[garth] 25/4/2018 11:54

Mr Pol doubling up his shareholding.

[jailbird] 21/4/2018 09:11

Rumbles at BoD level I think

[rambutan2] 21/4/2018 04:24

So, Mrs Parris follows her husband out the door...

20 April 2018

PDMR Change

Intercede, the software and service company specialising in identity, credential management and secure mobility, announces Jayne Murphy is ceasing her role as Operations Director of Intercede with immediate effect.

Chuck Pol, Non-Executive Chairman of Intercede, said, "On behalf of the Board and shareholders in Intercede, I would like to thank Jayne for her many years of service to Intercede. Her professionalism and hard work have helped make the Company what it is today."

[rambutan2] 13/4/2018 15:16

Yes, over the years too much spent (time and money) on development and not enough on sales. To put it very simplistically. However, there is no doubt that the product is top notch - you don't get the likes of Intel, Microsoft, Citrix, Trustonic etc etc etc working with you if it isn't. Not to mention 5 of the big 6 defence cos being users, likewise the US and UK govts etc etc etc.

The current £14m mkt cap woefully undervalues IGP. If the new CEO (and last year's sales appointments) can get some upward sales momentum going then this will rocket. Imho.