Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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A bit of faith restored at last. This acquisition could open some very useful doors, not least into the Middle East. Earnings enhancing from next April. Frustrating that the market is such an update junky. I did buy a lot more on the way down, unfortunately not at 38p like the incentive plan. GL all
Need a nice big contract to land now to keep them on track with the turnaround of company profits.
Management seem to have a good plan to improve the company's fortunes.
...and recent currency gains to boot
"It has been a promising year of financial and operational progress and
Intercede is now very well positioned for further growth. We enter FY23 with
positive momentum and lots of opportunities. When I look at the various
elements of this business; particularly the experienced management team, the
high growth cybersecurity market, the blue-chip customer base, the pipeline
and the resilient response to market conditions in the last two years, I
remain confident of the Group's future prospects. Significant progress was
made in FY22 and I am excited for the year ahead."
Come on IGP! Have you heard about the 21 million contract SWG announced today. Your turn now!
Nice to see Klaas and I bought at same time and price!
my purchase a little more modest
Quite honestly I don't know why the fed doesn't buy the company and have done with it as they seem to be virtually their only client. If this really is about delays, not cancellations then it could be a good recovery story. Certainly the last presentation was very upbeat and going to plan and things are not great right now. Nearly all the 14 conversion notes bar 1 converted to shares. This is such an unusual and specialised company with a unique product that obviously must provide high class top security and no debt. The bewildering question is why it is so small. Not going to average down because I believe they will either see accelerated growth or become redundant, lets hope its not the latter. GL
Market overreaction. £25m valuation now as cheap as chips (given price local chippy). Nice cash balance and sticky revenue means still relatively stable company. Bought and averaged down today.
Receipt of $3.4m Order from the Fed of course. It seems on this little company in Lutterworth, wind speed 4mph, hangs the balance of global power and security.
At least the FED are taking cybersecurity seriously. Shame a few more don't. Even the uk government have warned companies on taking cybersecurity more seriously and bolster defences. Supposed to be a growing billions of pounds industry. Could have fooled me
Intercede, the leading specialist in digital identities, credential management and secure mobility, is pleased to announce that it has successfully won a competitive bid to supply a new customer, a prestigious independent US Federal Agency.
The contract relates to the supply of Intercede's MyID credential management software to deploy digital identities to mobile devices in the form of derived PIV credentials, compliant with US government security standard FIPS 201 and SP800-157. The solution leverages Intercede's technology partnership with Microsoft, by delivering PKI credentials into Microsoft Intune managed smartphones enabling sensitive data protection and secure access to agency systems.
A purchase order has been received for an initial 20,000 devices plus associated Professional Services and Support & Maintenance totalling $0.5m, the majority of which will be recognised as revenue in the current financial year. The deployment has the potential to rollout to substantially more devices over time.
Intercede CEO Klaas van der Leest said:
"I am delighted that this leading Federal Agency has chosen MyID to meet their mobile security needs, demonstrating the ongoing relevance of MyID to provide the highest levels of security on a wide range of modern devices, a cornerstone of digital transformation and zero trust architectures."
The contract was included within the directors' expectations for the current financial year ending 31 March 2022.
Yeh. Very disappointing. No news and cybersecurity sell off. Dark trace halved in price in last few weeks. Not totally surprised.
I asked Klass about Darktrce and simply said they are in a very different area of cybersecurity. Crossword update today was pretty flat. I don't suppose Andrew Walker selling 300,000 sell 'to pay for options. helps the sp. Somebody must have bought them or is the MM's dumping them on the market? Fincap held their £1,25 target on results analysis. They were pretty quick to lower their target a few years ago when they went doing so well. This has been a great turnaround, cash in the bank, 12 of thirteen loan notes converted to shares. Covid won't have helped their expansion plans. Klaas said no way would he go to the new office in Amsterdam till Covid subsides. In the same boat as many small caps except we have a strong balance sheet. Need some order news and or an acquisition.
"Lion trust buying more at this crazy price"
...well still falling rapidly, where is this share going to land....guess upwards movement is only going to happen if we get decent size orders or know a little more about the pipeline of M&A targets.
Ofcourse this could all change if they have been identified as a target by someone else? Any guesses?
Mine is Darktrace, small change for them to pick up a industry leading Cyber tech ID company.
Lion trust buying more at this crazy price
Probably more a case of a few of us believing this share price is wrong. Its going to get a lot frothier on news I would hope. Volumes pretty depressed all round with Evergrande debacle, inflation and COVID. I rewatched the meet the company presentation and find the share price reaction even more bizarre. Although revenue 9% up I think the numbers don't actually tally with the current high growth that the PE suggests. That has come down from over 40 to 26 now. If the ROW business takes off with the aid of all the new global partnerships then we should swiftly return to over £1. Still a lot of headwinds at the moment outside their control, but this is a sector in increasing demand whatever happens elsewhere. Be really amazing if they crack Asia.
Suddenly gone blue...news bubbling?
My buy is registered as sell, and I suggest plenty others are too.
Given cash generating and strong customer forward revenue visiablility maybe the BoD could consider dividends?
I can tell you with some certainty that all the prices above 81.29 are in fact buys. I have been drip feeding in. the 81p is most likely a sell. Not sure whats going on here possible announcement of acquisition? 9% organic growth and possible explosion of growth through partners does not explain share price action
ntercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to report further good progress.
Revenues for the six months ended 30 September 2021 totalling £4.9m are approximately 9% higher than last year on a constant currency basis and 2% higher on a reported basis (2020: £4.8m on a reported basis). This is in line with expectations and reflects orders received from both new and existing customers as previously advised in announcements on 5 July and 15 September 2021.
We are also pleased to report that continued tight cost control has resulted in a positive operating cashflow during the period with cash balances as at 30 September 2021 totalling £8.5m compared to £8.0m as at 31 March 2021.
As at 10 August 2021, the following shareholders had interests in 3% or more of the Company’s issued share capital:
Shareholder Ordinary Shares (No.) Issued Share Capital (%)
The Azalia Trust 14,974,644 26.2
Canaccord Genuity Wealth Management 3,378,650 5.9
Anjar International Ltd. 3,241,631 5.7
Palm Ltd. 3,147,436 5.5
Herald Investment Management 3,140,184 5.5
R Parris 2,798,212 4.9
Premier Miton Investors 2,252,497 3.9
Liontrust Asset Management 2,158,523 3.8
Link Market Services Trustees Nominees 1,940,543 3.4
Hargeaves Lansdown Nominees 1,921,252 3.4
Chelverton Asset Management 1,805,228 3.2
I had a top up today. @ 92.33 so can be pretty sure most of todays trades are in fact buys. HY1 update possibly tomorrow or later this week. The news has been positive but still a little underwhelming. Great about multiple upgrades from existing customers. Could do with news about new customers and growth!
pardon me, its gone up another 2%. must be more to it!
Great to get an update, £600,000 contracts in Q1, not sure its 11%s worth. Perhaps more to it than meets the eye and when did logic ever apply to share prices
Clearly some momentum building again based on what I don't know. Hopefully get a few clues at Meet the Company presentation tomorrow 4.30
Its confirmation of the RNS they released June 2nd with a bit extra. This is the bit I like : · Intercede's partner-centric growth strategy remains unchanged and, following on from the recent launch of the Connect Partner Programme, the Group's network has continued to expand with new agreements established with partners covering the UK, Europe, North America, the Middle East, Latin America, Asia and Africa. We've had the turnaround, we've had the pandemic hold ups, lets hope we see the potential fulfilled this year to take IGP to the next level