Intercede Share Discussion Threads

[solrei] 28/4/2020 22:04

What exactly does that mean in layman's terms?

[rambutan2] 28/4/2020 21:43

As there has been a very welcome rise in price over the last couple of weeks to today's mid 60ps, it's worth remembering that...

"On 30 January 2017, the Company issued £4,495,000 convertible loan notes that carry an interest coupon of 8.0% pa payable quarterly. The Company has granted security by way of a composite guarantee and debenture in favour of Welbeck Capital Partners LLP to secure the repayment of principal and interest due on the convertible loan notes to the holders. Holders of the convertible loan notes may convert into ordinary shares, at a conversion price of 68.8125 pence per ordinary share, at any time until the final redemption date of 29 December 2021.

On 25 August 2017, the Company issued £510,000 convertible loan notes under the same convertible loan note instrument."

[tiswas] 20/4/2020 11:27

Funny how we read things differently!

The CEO now has 53k shares or £30k give or take. I don't know what his options package is but I do not take that size investment as particularly encouraging, probably not even a couple of months salary.

On the other hand I do like the company, but difficult to value.

[nallen1] 20/4/2020 11:26

Nice quiet share under the radar

[nallen1] 20/4/2020 11:25

Stockopedia have been long on these for a while

[somerset lad] 20/4/2020 11:06

Bullish to see fairly large director buys into a strengthening share price. Suggests to me that sales of the "out of the box" product through partners are progressing nicely.

[red army] 17/4/2020 13:51

Yes I have been doing that and eventually got filled in smaller parcels. At least it pushed the price up a bit.

[bones] 17/4/2020 12:48

Red Army, put a limit order in at, say, 55 or 56. You ought to get filled for 10k I would guess. The odd penny premium is nothing if you have a good expectation.

[red army] 17/4/2020 12:20

Unable to buy stock today as market makers wont sell

[zipstuck] 07/4/2020 18:47

I guess they didn't read the trading statement.
H1 20/21 should be off to a good start as a result of the delayed orders from H2 20

[brummy_git] 07/4/2020 08:24

Latest view on Intercede her

[brummy_git] 31/3/2020 12:13

Updated commentary & forecasts for Intercede here:

[rambutan2] 31/3/2020 11:25

Uncle Sam always a last minute payer, but has got a bullet proof balance sheet!

31 March 2020

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Receipt of $4.6m Order

Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce the receipt of a large US Federal Government order totaling $4.6m. The order, which was included within the directors' expectations for the year, includes software licenses and annual support & maintenance; $2.05m of which will be recognised in the financial year ending 31 March 2020.

In line with normal practice, a Trading Update will be provided as soon as possible after the completion of the financial year.

[rambutan2] 21/1/2020 18:22

Thanks for the info Paul, which is confirmed here:

"A new holding was also added in Intercede, a former constituent of the UK Smaller Companies Fund whose market cap of around £25m is better aligned with a micro cap mandate. It is one of the leading providers of digital identities and authentication solutions to the US government. With strong Intellectual Property and an enviable customer base, it is beginning to expand globally, recently winning a contract to supply national IDs to a country in the Middle East."



And here:

"The position in Intercede was also closed. While the fund managers are still confident in the company’s prospects, its small position size and market cap left it as a de minimis position."

[ramnik007] 02/1/2020 16:49

Looks like little stock around

[paulypilot] 19/12/2019 13:34

Liontrust haven't sold, recent RNS was just them moving their position from one fund to another

[rambutan2] 30/11/2019 02:05

Yes, Liontrust been a willing seller for a long time, as stake de minimus in its successful smaller cos fund. Am very interested to find out the buyer.

The price uptick and buyer interest also offered me a welcome chance to offload a few and reduce my huge overweight a little. Happy days!

[somerset lad] 29/11/2019 18:43

Looby Loo, it looks like a sale by Liontrust of their stake; buyer should be RNSed; don't think it was Azalea as another 4.7% would take them well past 30%.

[looby loo] 29/11/2019 18:35

So I wonder who that was? Azalia Trust again?

[pyman] 28/11/2019 18:44

happy days are her again ............. maybe

[somerset lad] 27/11/2019 19:23

Management’s strategy is now aligned with the investment case: keep the world’s most security-conscious customers happy and earn some profits from them by careful cost control; then lever that world-leading reputation into the middle market with an out of the box solution to be sold by partners.

It’s a point worth making because the old management’s priorities did not align with shareholders’: writing whizzy code with no monetisation and maximising employment took us nowhere.

We’ve seen the Microsoft announcements and need evidence that the partners are making sales. I’d hope they will RNS developments having stated that it’s key to the growth story. After commission (30%??), all revenues from the out of the box product should drop into profit.

[mcjack] 27/11/2019 17:15

Finncap reiterates its 80p target. “world class identity and credentials management software” strong client list etc. Positive stuff!

[rambutan2] 25/11/2019 19:57

Very much agree. And noting that cash of £5.6m covers pretty much a third of current mkt cap.