IS Solutions Share Discussion Threads

[vector] 09/2/2004 09:50

Well MMs really having a field day with this one. Grand old Duke of York stuff - but I think we will end at top of hill

[snakeyes] 07/2/2004 09:32

Results are due in March. I get the feeling that there is a little tree shaking going on. Figures crossed that this is a bid target !! :)

[nissi beach] 06/2/2004 10:42

so how much is the free float 3%?

could there be a steady increase up to the results

[snakeyes] 21/1/2004 20:53

emmmmmm this is all starting to look very interesting !

Spoke with my broker today she wasn't aware of any takeover/mbo but pointed out that IT Spending was set to increase again this year and that the company looked very undervalued. She then did some more digging for me and called me back and said that the company was due to report in March and the company should break even with a small profit.(possibly a trading statement in feb)

She also pointed out that the stock seemed to be rapidly running up so something must be going on, such as possible takeover target due to it being so undervalued "do u want some ?". (typical broker!!)

So I am now the proud owner of some shares !!

Rock & Roll !

[double6] 21/1/2004 19:45

And again !!

[vector] 21/1/2004 16:29

Just taken another look at the Companys figures.
Before exceptional profits on an investment sale and before goodwill amortization they lost £97K in the first half. That would take an extra £250K of t/o to cover at a 40% margin.

Capitalisation of the Company at 15p is £3.7m. Suppose as suggested by JamesR they could do an MBo at 25p. Value of Company would be £6.2m. They had £1.3m of cash in balance sheet so deduct this and you get £4.9m. Borrowing this at 6% say would cost £350K of interest which would require another £750k of turnover.

This looks very feasible to me. If the Directors have faith in the IT recovrey they would almost be mugs not to try it.

Directors had 23% of Co anyway at last annual report with another 70% held in reportable holdings including 19% held by Southwind the vehicle of the financier Morton. A mysterious S.Austen was recently reported as having 5.7% of the shares

Looks very interesting to me. The question is what price would the major holders accept?

[snakeyes] 20/1/2004 21:20

up from 10 1/2 last week nearly 50% increase something must be going on !! I'll have a word with my broker tomorrow.

[jamesr202] 20/1/2004 12:18

Rumours flying around in the city suggests MBO/Takeover at a price of 25/30p. Anyone heard anything the same?
If so I'm going to top up myself!

[mo123] 19/1/2004 15:13

Vector hope that there is a good trading statement to come. Looks like there's a large buyer around.

[dil] 18/1/2004 00:40

These could fly over the next 12 months imo.

Do not hold but am watching closely.

DYOR etc

Good luck.

Dil

[mo123] 17/1/2004 15:34

Anyone know where I can find the 2004-5 forecast for ISL. Did see somewhere that it was 1.4p but can't find it now. TIA

[vector] 16/1/2004 10:53

Damn. I was going to buy some more of these the other day but didn't. Last year they gave as trading update at the end of january. Perhaps they will do the same and someone knoews soemthing/

[hutchmeister] 16/1/2004 09:25

Nice leap today 15%+ Anyone aware of the reason why? Big buyer in the wings?

[mo123] 15/1/2004 15:00

Software stocks were higher in mid-afternoon trading on Thursday after Lehman Brothers upgraded the European IT services sector to "neutral" from "negative", citing an expected improvement in revenues and booking volumes in 2004.

Nice to see the outlook improving. Think ISL could have a strong 2004.

[vector] 29/9/2003 09:45

Take out the acsh and the company is capital;ised at a bit over £1million.

The company is conseravatively run and I am confident will come right in the end

[matthewa] 17/9/2003 00:44

ISL - Buy @ 14.12 (0.12p Over indicative offer.)

[matthewa] 12/9/2003 11:48

ISL - Someone is stake building check RNS just out.

[matthewa] 12/9/2003 11:47

ISL - Someone is stake building check RNS just out.

[matthewa] 12/9/2003 09:56

Breaking Out Now. Could go to 20 pence easily.

[double6] 18/6/2003 19:42

Missed the rise on this one - another 200%-er - send your commission to ....

[vector] 18/6/2003 13:55

Well sometime since I posted these as a good speculation and I still think thats true. Just bouggt afew more aat 12.4p even after todays rise.

Cash of £1.1m+0.5m from sale of Proquote+0.4m possible from Proquote sale over next two years against market cap of approx £3m. That leaves £1m to justify on profits. Annual report said breaking even over last quarter so if sustained would't take much to push it up to profits of a few 100k

Recent market surge probably good for AFX finance business. There's no doubt that most companies now value their web-sites and I think are likely to budget more in this area so ISL well placed

[pay less] 15/4/2003 23:20

earn income for no effort while you sit and trade

[ladybird1] 15/4/2003 16:52

I suppose it's Easter, they've balanced the books and don't want to get landed with any stock or commitments on a pretty inactive stock that in consequence can be a bit volatile. Certainly they shifted bid down pretty damn quick on a £625 sale!