Ithaca Energy Share Discussion Threads

[liarspoker] 30/1/2007 10:51

Morning Jak - thanks for the IC mention although I prefer to ignore the magazine articles. I like using IC and Shares when they are a few months old in order to research companies. Usually by then the hot money ( or rather, impatient money ) has left.

I see it like this: Most of the revenue comes from the UK operation. OK the US operation is a little weak but they have support there. The did a 350% increase in EPS yr on yr in the interims. Year end is in March which is only 8 weeks away then the market will start looking forward. What EPS will ITH do in 2007 ? I don't know but even if they do 100% growth that should be a single digit P/E right there. As CR and Rivaldo always say 'and then strip out the cash'. I usually leave cash in though as it earns nice interest etc.

TMC has 350,000 users which is increasing rapidly and contracts are being renewed. I'd say 2007 will be a bumper year for this crowd myself. :O)

[jakleeds] 30/1/2007 10:43

Morning Liars, good luck with this one, but I think I'm gonna wait for the results and for a bit of upward momentum in the share price Here's what the IC said in November, although as you have said, forecasts may well be exceeded:


03/11/06

ITIS is growing rapidly, but a forward PE ratio of 18 already takes that into account. Fairly priced at 62p

[liarspoker] 30/1/2007 10:38

Just to add ( from the interims ):

PBT up 298%

EPS up 350%

Both yr on yr.

[liarspoker] 30/1/2007 10:15

The market is sleeping here imo.

The company issued a trading statement saying that they are ahead. Look at EPS growth annually between 04 and 07 - it's really accelerated. The business is performing very well imo but 08 EPS is only forecasted to grow by 34% and 09 EPS by 19% according to the brokers on DL. They are far of the mark imo.

I reckon 3.5p will be beaten come March years end. I'm expecting a T/S soon and I'd much rather be in then out imo. Also there's a load of cash sloshing around. :O)

[judge jury] 29/1/2007 09:51

I don't know whether a trading statement is due. Last year they put out two brief trading updates on 19 January and 24 April saying performance was well ahead of expectations. I dont suppose there is any need to put out a trading update until closer to the year end, unless the performance of the business was significantly better or worse than expectations.

[liarspoker] 29/1/2007 09:38

Please use this thread:

[liarspoker] 29/1/2007 09:37

Well there aren't really 1,000 threads for this share but there are a few. Best of all there is only 1 post made in 2007 on those threads. This share is soooo undiscovered. Remember quiet BB's are usually the best as there is no hype involved.

Here is the website on which you can see the product range of transport navigation systems, live traffic updates, applications and markets etc:



Forecasts are:

2007 - 3.50 EPS
2008 - 4.7 EPS
2009 - 5.7 EPS

Year end is 31 March.

Not ground breaking stuff but EPS has been increasing year on year since 2002. The company has just broken into profit and in 2005 reduced loss on EPS from 6.3p to 1.3p showing that this share can outperform.

Since we are talking about outperforming the company released a Trading Statement on the 20th September last year stating that ITH was trading ahead of expectations. Therefore the 3.5p EPS looks as though it will get beaten. By how much ? I am not sure but.....

One of the negatives of this company ( and every company has negatives ) is that it had delays in the Missouri contract which is expected to give income to the company in H2 2006/2007 - 12 months after it has been signed. OK - so the company did 1.8 EPS in the interims so that gives 3.6p if you annualise that. Add in the Missouri contract ( if you are feeling optimistic that is ) and it would be higher....

However there were further contracts won after the interims ( although I can't find out ( yet ) how many were payable in the current year. Suffice to say I think that 3.5p will be broken by a few decimal places. Strip out exceptionals for last year and the company could be seeing near 100% EPS growth.

Further more ( and this is what attracted me to BNH ) there is plenty of cash available. Cash balances at the moment are Stg 7.2m and the company is deciding on how to best distribute this money which is worth over 7p per share. The company will issue a statement in the future to inform investors on the most efficient deployment of this cash.

The companies cost base is largely fixed allowing for large growth potential. It is also worth noting that CEO Stuart Marks has previously started 2 companies both of which were sold off. If the share price drifts lower for ITH the T&M merchants may start circling here as well.

Finally in the upbeat trading statement the company said that the UK business is significantly increasing profit and turnover. I think todays forecasts will be too low.

The above should be a nice springboard for you to do your own further research.

[liarspoker] 29/1/2007 08:34

Please use this thread:

[meenashah] 26/1/2007 16:29

Does anybody know whether we are due a trading statement soon?

[tom306] 29/12/2006 14:49

Good news and bad news taken from two postings on MF. The good news is that traffic is becoming a hot topic in America. The bad news is that Traffic.com is winning a lot of business whilst ITIS has been delayed.


December 19, 2006
Wayne, PA-Traffic.com, Inc. (NASDAQ: TRFC - News), the leading provider of personalized traffic information for drivers coast-to-coast, today announced the availability of the TrafficPro™ TrafficML Service, the industry's first comprehensive traffic solution that combines historical, and real-time data from a full complement of data sources to provide broad, accurate and quantified, current and forecasted drive time coverage. This breakthrough technology utilizes data obtained from GPS-based probe, the Traffic.com sensor network and government sensor data, and proprietary traffic incident and localized event data.

This new service generates drive times across the entire traffic-encoded road network of Traffic.com's digital mapping partner, NAVTEQ, spanning over 90,000 road miles, calculating in unprecedented granularity, a unique 'Confidence Factor' for each drive time measurement.

TrafficPro TrafficML is an advanced XML data feed that leverages the Traffic.com Traffic Information Management System (TIMS) for data processing and multi-platform services dissemination. With this release, the TIMS processing capabilities incorporate a breakthrough Hierarchical Travel Time Model (HTTM) and Predictive Engine. HTTM uses proprietary algorithms to calculate travel times from the most diverse and accurate collection of historical, real-time and forecast traffic data sources including:

GPS-based probe, anonymous cellular probe, and toll-tag data
Proprietary and government sensor information
Proprietary incident and event data collected by hundreds of locally-based Traffic.com nationwide operations personnel
The Traffic.com Predictive Engine
The Traffic.com Predictive Engine applies statistical pattern-matching algorithms to current real-time conditions and historical travel models to estimate future speeds and drive times. Based upon the characteristics of each data sample used to calculate drive times, a 'Confidence Factor' is derived providing a percentage level of accuracy for each travel time value. With this sophisticated model, application developers will benefit from unparalleled control of end-user content in consideration of extended geographic coverage.

Coupled with Traffic.com's proven reliable and scalable content delivery systems, TrafficPro TrafficML will enable a new range of advanced services in the navigation and location based services marketplace. By integrating with the NAVTEQ traffic-encoded road network, Traffic.com provides enhanced capabilities for optimal routing and route-arounds based on past, current and future roadway conditions. Applications can now deliver the most reliable traffic information to drivers with dynamic congestion-related changes to route directions while on the road.

"Our TrafficPro TrafficML solution responds to the increasing need for our customers to expand geographically with increasingly detailed roadway network coverage for their service offerings and fine tune their applications for accuracy and reliability," said Christopher Rothey, chief operating officer, Traffic.com, Inc. "Not all traffic data is the same; the dynamic nature, extreme diversity and sheer volume of traffic information introduced by expanded coverage requires heightened, continuous diligence and expertise, and Traffic.com offers the only solution that serves as the ultimate in coverage with quality assurance."

"Never before, have traffic providers delivered the ability to access a percentage of accuracy associated with drive time calculations," said Brian Smyth, senior vice president of software development, Traffic.com, Inc. "With the Traffic.com Confidence Factors, Web, mobile, in-vehicle, and personal navigation application integrators will have the unique ability to control the level of detail, quality and coverage that allows them to finely-tune their end users' experience."

The TrafficPro TrafficML Service is available today. Requests for consultative sales assistance and evaluations can be sent to [e-mail].

About Traffic.com, Inc.
Traffic.com® is the leading provider of personalized traffic information for drivers coast to coast. Through the industry's most comprehensive data collection infrastructure, Traffic.com offers consumers real-time customized traffic reports in 83 U.S. markets. These personalized consumer reports are complete with predictive traffic trends, vehicle speeds, congestion levels, travel times, and delay times delivered via Web, wireless device, radio, television, and in-vehicle navigation systems. Traffic.com's ability to distribute traffic information via specialized data feeds and across multiple platforms creates unique, powerful branding opportunities for advertisers, enabling them to expand their reach and target consumers with useful, relevant content multiple times per day. Traffic.com's business partners include AOL, Comcast, Garmin International Inc., Microsoft, NAVTEQ, The Weather Channel®, and XM Satellite Radio.

and

December 13, 2006 02:30 PM UK
Missouri Department of Transportation Extends Traffic.com Partnership to Enhance Digital Traffic Services
Increased Coverage Area Brings Most Accurate and More Comprehensive Traffic Information to St. Louis Drivers

WAYNE, Pa.--(BUSINESS WIRE)--Traffic.com, Inc. (NASDAQ: TRFC), the leading provider of personalized traffic information for drivers coast-to-coast, today announced the extension of its relationship with the Missouri Department of Transportation (MoDOT) to provide additional digital traffic services for the St. Louis metropolitan area. Through this $1.7 million agreement, Traffic.com will be expanding upon the network of its digital roadside traffic sensors originally deployed by Traffic.com in 2005.

Through this agreement, Traffic.com will be expanding its St. Louis sensor network to monitor 140 lane miles on roadways predominantly located outside the I-270 beltway including I-44, I-55 and US-40/I-64. The network will be fully deployed within 15 months.

These new Traffic.com sensors will work in conjunction with the existing sensor network to collect and process comprehensive traffic data in real time. Traffic.com will continue to share traffic data with MoDOT for incident and accident reports, vehicle speeds, congestion levels, and travel times to help improve work zone safety, emergency response, and highway operations.

Traffic.com also provides this vital traffic information free to St. Louis area drivers. By visiting www.traffic.com, drivers can create and save their daily commutes or weekend travel routes. Following sign-up and the set up of custom traffic reports and alerts, users receive MyTraffic™ personalized traffic services, which include phone alerts, mobile e-mail alerts, SMS reports, and desktop e-mail alerts. For traffic information on-demand at any time, all St. Louis drivers can call Traffic.com's traffic hotline at 1-866-MY-TRAFC (1-866-698-7232), access mobi.traffic.com for wireless Web access, or send the text message STLOU to TRAFC (87232) for a real-time city report.

"We are very pleased to continue our relationship with Traffic.com for the delivery of free, real-time traffic information to St. Louis area drivers," said Thomas Blair, assistant district engineer, Missouri Department of Transportation. "When looking to expand the MoDOT sensor system, we reviewed several options and again selected Traffic.com, the clear leader in delivering comprehensive, accurate, real-time traffic solutions efficiently, effectively, and in a format drivers want and need."

"Traffic.com provides customized, flexible traffic solutions to numerous public agencies across the nation, said David L. Jannetta, president, Traffic.com. "By using our proven technology and traffic-gathering resources to implement a low-cost, turnkey system, agencies and taxpayers save millions of dollars, while receiving the very best traffic information the industry has to offer."

Traffic.com's data and custom solutions are also currently used by many radio and television partners in the St. Louis area, including KTVI-TV, KMOV-TV, KFTK-FM, KIHT-FM, KPNT-FM, and KSHE-FM. The expanded sensor coverage will further enhance the breadth and depth of the traffic reports provided by these broadcast partners as well.

[sprattyken] 22/11/2006 12:55

getting closer to entry point

[orange1] 20/11/2006 09:39

Let us not be coy, the announcement is worth reading in its entirety:

ITIS Holdings plc ("ITIS") is pleased to announce that Optus, one of the
Leading Australian mobile operators, is trialling ITIS' Cellular Floating
Vehicle Data technology (CFVD) for a Sydney pilot project. This project has
been initiated and managed by Traffic Intelligence Pty, the exclusive
licensee of ITIS' CFVD(TM) technology in Australia.

The objective of the pilot is to show that CFVD(TM) together with
cellular mediation provided by Nokia, can generate high quality traffic
information that can ultimately be provided via both public and private
sector applications. The pilot is being 'funded' through the Optus Nokia
Future Lab, a joint initiative by both companies designed to test and develop
potential mobile applications.

The ITIS CFVD(TM) technology is currently deployed in a number of markets
around the world and represents a real alternative to fixed sensor
technologies without the cost of embedding loop detectors in the road or
fixing roadside detectors. These advantages offer the possibility of
deploying very quickly and publishing traffic information to a greater
granularity on highways and on the lower classification roads, in
both urban and inter-urban road environments.
Chris Lane, Group Director, Products and Delivery, Optus Consumer said,
"The pilot of this new technology on our network is an exciting project for
Optus as it will give us an insight into the number of value added products
that we could offer to our customers and assess the market potential of such
a service. Overseas experience shows that mobile phone users are keen to
access high quality real time traffic and journey time information when they
are on the move and need it most."

David Quayle, Managing Director of Traffic Intelligence said, "Working
directly with Optus will be an ideal platform to showcase the CFVD(TM)
capabilities. The applications we have in mind will make the high quality
traffic information available to a wide range of users. From the individual
road user, to large transport fleets to the national and local government
organisations, that want to know what is actually happening on their road
networks."

Stuart Marks, Chief Executive of ITIS Holdings said, "We are delighted
that Optus have selected Traffic Intelligence and our CFVD(TM) technology for
the pilot and we believe that we will be able to demonstrate good traffic
flow data in Sydney very soon. Our licensing agreement with Traffic
Intelligence shows how ITIS can rapidly deploy its technology in new
markets."

[grgkecer] 20/11/2006 09:26

LONDON, November 20 /PRNewswire/ -- ITIS Holdings plc ("ITIS") is pleased to announce that Optus, one of the Leading Australian mobile operators, is trialling ITIS' Cellular Floating Vehicle Data technology (CFVD) for a Sydney pilot project.

[sprattyken] 09/11/2006 16:14

Would 60p be a good price to buy I wonder?

[glennborthwick] 07/11/2006 16:40

done well here and jumping off now but will possibly regret it

i would advise you all if you like growth shares to check out LOQ

if i was you id look at LOQ - this isnt your typical ramp

here are the broad facts;

market cap 3.8 million

cash in bank 700k

maiden profit of 300k due

now heres the growth bit - from just one site managed by them and 4 licensed out they made 300k. Next year they will have 7 and probably 8 site and all self managed - profits should be 1 million putting them on a ridiculous PE once cash is stripped out of just 3!!!

see loq thread for details

[andaleg] 07/11/2006 09:10

Sell 100,000 buy 5,000 on line ! Interesting eh.

[andaleg] 07/11/2006 08:58

Chart beginning to look a bit like a ski jump !
Where is everyone ?

[judge jury] 02/11/2006 08:48

FT Comment

*After a long hard slog, Itis looks about to reap the rewards. It has concentrated on providing and distributing information, steering well clear of the hardware that makes use of it. The hardware has now come down in price sufficiently to make it attractive to the mass market. Forecasts for full-year profits were raised from Pounds 3.3m to Pounds 3.5m this year, and from Pounds 4.5m to Pounds 4.7m for 2007-08. The multiple for next year is 13 after yesterday's 3p rise in the shares to 63p. The rating looks undemanding for such a growth prospect - but there is still a long way to go to reach the October 2000 flotation price of 186p.

[lucky punter] 01/11/2006 10:41

Excellent results as expected. The prospective PE under 20 is very realistic for the sector. I also hold MPS who announce their year ends on 4th December, they will announce a 1.2 million profit which will be a real PE of less than 10. They are forecast for 2.5 to 3.5 million profit for the following year which is a prospective PE of 3 to 5. They have also announced some promising contract wins. They are expanding rapidly in Australia, New Zealand and Ireland but the recent contracts have been in the UK. I know many will switch off to MPS which is why the PE is so low but they have performed a huge turnaround since the new management focus.
ITH have had a excellent year and the future looks very bright.
I currently hold ITH, CYH and MPS. Good luck all.

[russianlinesman] 01/11/2006 08:16

As a sign of its confidence in the continuing growth and cash generation in the
business, the Board is considering the most efficient deployment of its cash
reserves. We will update shareholders further at the time of release of our
preliminary results for the year ending 31st March 2007.

- Hopefully ITIS will pay its first dividend following the current financial year. There has always been a history of the market not trusting companies which don't pay dividends as being too flaky. If ITIS does start paying dividends, then this will catch fire.

-Double the £1.8m half-year profit (conservatively), and get 3.6m for the year, P/E under 20, and look at the PEG ratio.

-These are absolutely outstanding results, and with the cream of CFVD not even making a contribution, we can be well proud of the management for a fine job, well executed.

A toast to all those in Stamford House, Altrincham.

[andaleg] 01/11/2006 07:43

Interim Results


RNS Number:3185L
ITIS Holdings PLC
01 November 2006



ITIS Holdings plc (the "Company" or "ITIS")

Results for the six months ended 30th September 2006


ITIS Holdings plc, a leading road traffic information and data specialist, is
pleased to announce its results for the six months ended 30th September 2006.



Highlights



* Turnover up 41% to #8.9m (Six months ended 30th September 2005: #6.3m);

* Profit before tax up 298% to #1.8m (Six months ended 30th September 2005:
#0.45m);

* UK business continues to trade ahead of expectations;

* Contracts renewed for RDS-TMC with the BMW Group, Ford Motor Company and
TomTom;

* Cash balance increased to #7.2m from #5.7m at 31st March 2006.



Stuart Marks, Chief Executive of ITIS Holdings plc, commented:



"We are very pleased with this excellent set of results which underline the
strength of our business strategy. The Company has continued to deliver
substantial growth which has led to our profits for the first half of this
current financial year exceeding the pre-exceptional profits that we achieved
during the whole of the last year. Within our AGM statement on 20th September
2006 we reported that "all areas of our UK business have traded strongly". This
has continued to be the case and, therefore, our current expectations for full
year profits are now slightly ahead of those we had anticipated in September.



ITIS is now established as a highly profitable and leading supplier of real time
traffic information with largely fixed costs and a broad base of customers and
applications. We now have over 350,000 users of our RDS-TMC service across
eighteen car manufacturers and seventeen aftermarket providers. The market for
both line fit and aftermarket satellite navigation systems is forecast to
continue to grow in the UK and we expect ITIS will remain the preferred provider
of information to this market. With substantial and increasing cash reserves,
strong management and proven services the Board are confident that ITIS is well
positioned to take advantage of the world wide demand for accurate traffic
information."



There is a lot more on the full RNS

[zico01] 01/11/2006 07:42

excellent results trading ahead of Sep. update

[lucky punter] 28/10/2006 18:38

russian
This part of the government contract is to demonstrate the need for a solution. They are presently just measuring how bad the problem is. The point about extending is that the government know there is a problem but by extending they put off making any decisions by collecting more data. It is great for Itis because as you say the system is there anyway and has to generate this info for the other users. It is money for nothing and the terms will be good as to use the TFC system would not produce like for like results so no trend analysis.
I believe that if the government are true to form they will put off a decision for at least 2 more years or until they are booted out then the next lot can put the decision off.
I love government contracts.

[russianlinesman] 28/10/2006 17:55

SHARES in Altrincham-based traffic data firm ITIS Holdings ticked up after it announced the Department for Transport was extending a contract worth £1m a year.

The AIM-listed company's shares rose 2.2 per cent, or 1.25p, to 58.5p after the update.

The original contract was for three years and the department has extended it for another 12 months.

- So, £1m for passing on info they already generate. You have to love the ITH model. Congestion charges will become more common, and the government will want this info for years, even if they only renew one year at a time, and there's not many ways it can get it.

[malgowland] 27/10/2006 11:05

Hello All,

Firstly, I own ITH stock and think they are an A1 company...Stuart knows how to run a business for sure.

just wanted to say though...take a look at MPS. Yes they have had their probs, but are returning to profit and I see big rises from here on in.

Info on the MPS BB

Good Luck to all

MG