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Share Name Share Symbol Market Type Share ISIN Share Description
Intercede Grp LSE:IGP London Ordinary Share GB0003287249 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00p -11.76% 22.50p 105,248 15:45:56
Bid Price Offer Price High Price Low Price Open Price
22.00p 23.00p 25.50p 22.00p 25.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 9.20 -4.95 -7.60 11.4

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Date Time Title Posts
23/1/201915:35Intercede - global leader in identity management3,907
19/8/200922:23Intercede, 100% losses on this hyped up tech stock36
04/8/200822:04My next tip of the year10
03/8/200817:00Intercede - Huge Potential123

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Intercede Grp Daily Update: Intercede Grp is listed in the Software & Computer Services sector of the London Stock Exchange with ticker IGP. The last closing price for Intercede Grp was 25.50p.
Intercede Grp has a 4 week average price of 22p and a 12 week average price of 22p.
The 1 year high share price is 42.50p while the 1 year low share price is currently 19p.
There are currently 50,482,281 shares in issue and the average daily traded volume is 22,701 shares. The market capitalisation of Intercede Grp is £11,358,513.23.
red army: Been buying and adding today but share price is moving up on low volumes.Potential is what it is all about as opposed to today's fundamentals.
she-ra: Fair enough Paul I thought the conversion price was much lower; my mistake. However as for the cash in the bank Intercede have munched through a hell of a lot of cash which you are aware of and haven't made a profit for some time and when they did it didn't justify the share price. They were priced on jam tomorrow and it never came. So its a risky investment but if they keep getting new contracts things could change. But its a gamble so I'll pass. Good luck with your long term investment.
paulypilot: she-ra - you're talking ill-informed nonsense. Perhaps if you had actually read my piece on Intercede on Stockop... which was posted at the request of some readers, then you would be able to answer you own questions. Yes, I did explain about the convertible loans, as follows; Convertible loan notes - this is a bit of a nuisance. The company has c.£5m convertible loan notes in issue, which carry interest at 8%, so costly, at c.£400k p.a.. Interest is payable quarterly, so £100k per quarter cash outflow. The conversion price is 68.8125p, which is well above the current share price of 28.3p, so dilution on conversion doesn't look a problem. Final redemption date is 29 Dec 2021 - so not a problem for the time-being - the company has 3 years to come up with the money to redeem these loan notes (if they're not converted beforehand), and actually it currently has roughly that amount of cash on hand anyway. So this doesn't look like a problem to me - unless trading deteriorates, when it would become a problem. The dilution if all these loan notes convert, at 68.8125p, would be about 7.27m new shares issued (and all debt eliminated). There are 50.5m existing shares, so that's 14.4% potential dilution - which is clearly not "massive dilution" at all, as you falsely described it. It's actually quite modest potential dilution, at a favourable (for existing shareholders) price, of about double the current share price. So not a problem at all, is it? Secondly, nothing in my blog posts are recommendations. The readers know this, as it's been emphasised by me for 6 years, repeatedly. There's nothing I can do if a few readers decide they want to rush out and buy things I like without doing their own research. Buying into a short term price spike is usually a bad idea, but we're all adults, so people have to make their own decisions & take responsibility for them. I have never, and will never, sell into any spike - I'm a long-term holder looking for multibaggers mainly, not a short term trader. Plus my position sizes are too large to trade in & out of anyway. I'm a small caps specialist, so of course I mainly write about small caps. Hardly a revelation there, is it? My positions are all long-term, so the short term price movements don't interest me. As stated in my article, my position in Intercede is intended to be held for 1-2 years, depending on newsflow. Intercede has been a serial disappointer in the past (as pointed out in my article), so this is speculative. The upside hinges on new CEO generating increased sales momentum, which may or may not work, we'll have to wait and see. Perhaps, rather than pouring out personal bile as your go-to response, you should have (a) actually read my article before falsely slagging it off, and (b) concentrate on the facts & figures, rather than ad hominem attacks. Your post reminded me why I rarely visit this particular backwater of the internet - it's mainly populated with unpleasant people, posting ill-informed rubbish, and hating on each other. I see a couple of other trolls have commented, but I've previously blocked them, so have no idea what rubbish they've spewed out, who cares! Paul Scott.
daz: 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
hybrasil: Well they were not very right about the £1.20!! I think the problem here is the md He might be a good boffin but I dont think he has a corporate clue Their share buy back program of a few years ago has to be one of the stupidest ever The co now is up to its neck with this convertible loan Despite all this I like the space and am a buyer if the share price falls back to 20/25p
julianc35: The institution must be very impressed by the reaction of the share price to their investment! Must be due an operational update soon which given the drop off in the price doesn't look promising.
nibble: Agree TBF - I'm guessing that the Directors are taking advantage of a share price which has been temporarily forced down by a few market sells, and transfer "off market" from treasury to themselves at an advantageous price. Anyway, I'm happy to take a longer term view and stay in with the Directors. Note that they had 252355 out of treasury, leaving only 41645. A vote of confidence, I'd say.
hybrasil: This company is one of those serial disappointers. Just looked at the chart. Its share price 15 years ago was higher than it is now
hybrasil: Just looked back through old rns s . Company floated Jan 2001 Turnover to 2016 is as follows £M 2 1.2 1.8 1.6 1.8 2.1 2.6 2.8 5.7 6.2 6.9 7.0 6.7 9.8 8.8 11 It did embark on a stupid share back programme from which the share price has never recovered. However its time may finally be coming and I am thinking of having another punt . Any views?
aphrodites: These share options have clearly been discussed and in the melting pot with the Remuneration Committee for some time. Dare I speculate that the 1p price is more acceptable with the share price at 55p than 85p would have been!!!!!!! And we all know how easy it is to hit the IGP share price on little volume and a few whispers to the MM's that there is selling in the wings. I am totally behind the directors awarding themselves options if at the same time they are creating shareholder value. And of course if they have a suspicion that there is an unwelcome predator in the wings what better way of lining their own pockets while at the same time giving themselves a little more share ammunition to fight off an approach. In a private company of which I am a non-executive director we are presently going through exactly this sort of discussion. But I must admit a price of 1p for options has never entered out discussions!! One could also conclude that vetting the options against meeting certain earnings per share targets over a three year period can only be good for shareholders and the share price. Providing of course the formula is taxing on the directors. Hopefully, the Board will be open with shareholders at the AGM about the STIFF criteria they will be setting themselves. This of course questions what sort of results we are going to see them announce. Stiff criteria announced on the back of excellent results would suggest the Board is expecting spectacular trading going forwards and shareholders will not question the options at all. But a disappointing set of results this time with stiff criteria backed by an upbeat Chairman's statement might appease the situation. Should we prepare ourselves for this? I do not like announcements like this which leave shareholders in the dark. On the other hand if my analysis is backed by excellent results then I am with WJC and I will not object to the options. However, I feel there is more than meets the eye behind the recent weakness in the share price. And I do not believe the recent set-back in the markets has caused the fall from 85p to 50p. Mr Parris purchase of only 10,000 shares was strange in itself and if the company was half-minded it could have easily arrested and reversed the fall by buying 200,000 shares in the open market. I have not been particularly impressed with finnCap's involvement with IGP. This is yet another example recently of some highly paid numb-head advisor,not being in touch or even caring about the small shareholder, and understanding the need to ensure there is more transparency behind what is going on. The AGM could be very interesting.
Intercede Grp share price data is direct from the London Stock Exchange
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