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With cross selling with NETD the expected results reflect commissions earned by devolving itself of interests in return for licence fees. Positive results reflect the change in strategy. IHP Tie up with NETD(old hat news, but still worth returning to in view of NETD holdings developments and progress. Chances are that there could well be a tri-partite agreement between IHP NETD EVT or some other corporate interests. The Directors of Intellego are delighted to announce that they have sold the UK distribution rights for the EKP range of Learning Management software back to NetDimensions Limited. This includes the business and assets including the goodwill and customer list. Intellego will continue as an affiliate of NetDimensions and will receive commissions on the sale of its products. These changes will allow both Intellego and NetDimensions to concentrate on their strategic objectives. Intellego is focussed on the provision of performance enhancing solutions through training - it will increasingly sell services and proportionately less of the growth will be achieved through distributing software. NetDimensions set up its own direct salesforce in the UK in 2007, the acquisition of Intellego's customers increases critical mass in one of Europe's most important markets. Further it gives NetDimensions direct and better access to their end-users in the UK. As an affiliate of NetDimensions Intellego will continue to sell EKP or introduce EKP sales leads to NetDimensions but be much less involved in the sale and technical implementation and after-sale processes. The value of the sale is £464,000 with £276,000 being payable on completion to be offset against the balance owing to NetDimensions and performance based payments of up to £94,000 on the next two anniversaries of the sale. For the year ended 31 March 2010, Intellego achieved revenues of £451,000 from the business being sold. Angus Forrest, chairman of Intellego, commented "We have enjoyed working with NetDimensions for the past six years but believe this sale and change in relationship will be good for both parties enabling each to concentrate on their core strengths to attain their strategic objectives. We will be focused on the use of the software platform that is the content, services and providing performance enhancement through training in our chosen market verticals (healthcare, retail and financial services) and building a profile of excellence in these markets." Jay Shaw, CEO of NetDimensions, said "This deal will give us direct and better access to our end-users in the UK and will have a positive impact on margins. Furthermore this acquisition will increase our UK profile and provide us with a better staffed operating entity in the UK to drive and support local sales." http://www.advfn.com/p.php?pid=nmona&article=45959042&symbol=L%5ENETD http://www.advfn.com/p.php?pid=nmona&
p/e of 4 was LAST YEAR "Current Trading The Board expects the Intellego business to trade in the current financial year considerably ahead of last
Final Results print TIDMIHP For immediate release 8 August 2011 Intellego Holdings Plc ("Intellego" or "the Company") Financial statements for the year ended 31 March 2011 The Company today announces that its audited financial statements for the year ended 31 March 2011, extracts from which are set out below, are being posted to shareholders, and will be available on the websitewww.intellego.co.uk Chairman's Statement Overview Intellego Holdings plc ("Intellego") saw positive changes in its position during the year under review, as the business turn-around realised key milestones, making its first ever profit of GBP146,000, improving gross margins to 71% and reducing current liabilities by GBP974,000. Results for the year In the first quarter of the year we sold the main learning management system customer base to NetDimensions which resulted in us generating cash to: * reduce our creditor backlog materially and * finance the transition from being a software distributor to a digital content creator. At the beginning of the second quarter we agreed Company Voluntary Arrangements (CVAs) for Intellego Holdings Plc and its subsidiary Intellego Group Limited. These agreements both strengthened the balance sheet. In parallel we have refocused and are investing in the business. This has included developing new products, updating our existing portfolio and the recruitment of new people and advisers. These changes have already started to impact the business and are beginning to make the step-change in contribution we aim to achieve. Much of that benefit will be felt in the current and subsequent years. But as we can see from the 2011 results we are already making progress. There are several measurements and indicators which demonstrate our progress cementing Intellego's turnaround and growth prospects: * Improvement in financial performance of each segment of the business - this is due to structured day to day management, reduction of costs, and focusing the team on putting in place processes that achieve higher margins. * The company showed its first ever net profit of GBP146,000 (2010 loss GBP1,043,000) * Gross margin improved by 27% to 71% (2010 44%) * Sales increasing 8% to GBP2,006,000 (2010 GBP1,853,000) * Current liabilities fell by GBP974,000 to GBP809,000 (2010 GBP1,783,000) * Intellego continues to build closer relationships with its customers. This is generating more repeat business and larger sales per client. All our key customers increased their spend with Intellego, some by more than 50% compared with the previous year. * Attraction of high quality people and advisers to join us and work with us to help us execute our growth strategy. * Three award
The placing price is not good news on the face of it as it represents a 28% discount to the then prevailing discount. If the Joint broker appointment was to our favour then the issue price ought to have been issued at a premium and make them work for harder for any subsequent upside in shareholder value, as it is they are already in credit by some 28%, that is no incentive to work hard for current members in my opinion. The new shares have been given away and the £300k raised is not going to impress anyone! Cash flow must be pretty stretched and £300K will not buy much in the corporate world these days fees in brokering the fundraising would have cost a fair few thousands.
I have been informed that the results should be released earlier than last year. Interims were released 9 months ago and the previous Final results were released on 3rd September 2010 so I would have thought any time between now and end of August. Looking at the interims, the maiden profit the company made and the fact the company had a sales pipeline with a value of £2.4 million I am expecting a good set. Crazy cheap atm IMO. GLA
Those smaller and medium sized enterprises are, at the moment, exempt from the Anti Bribery legislation, so that would suggest some large contracts with major corporates are in the pipeline. Small and medium sized businesses breathed a sigh of relief today after the government published its long-awaited Bribery Act guidelines which advised companies to adopt a ‘risk-based approach’. The Ministry of Justice confirmed that SMEs will potentially be exempt from implementing stringent anti-bribery controls and that ‘proportionate expenditure’ on corporate hospitality will not fall foul of the Act - in a move deemed as a ‘common sense prevailing’ by bribery experts. Zia Ullah, Head of Compliance Advisory at law firm Pannone, said: “The sigh of relief in the corporate world will certainly be palpable given the confusing messages that were being circulated suggesting that even the most frugal of hospitality could have been interpreted as a bribe. “Small businesses will be cheered by the news that they can potentially avoid implementing unnecessary controls, and the resultant costs, if they do not foresee a risk of bribery in their company.” Zia said: “Given the widespread confusion over the past few months as to whether the Bribery Act was ever going to see the light of day, the publication of the updated guidance is a welcome development. “Businesses that have not yet begun implementing bribery controls may try to seek comfort from the fact that the guidance envisages circumstances where businesses need not. However, as with all business strategy, senior management will need to decide whether that is a risk worth taking.” The guidance does confirm that businesses that face bribery risks need to carry on implementing their anti-bribery processes. Zia added: “Many organisations have correctly taken the view that to do nothing is not an option and we have started helping them draft stringent policies and procedures and help them train their staff. That is where IHP step in with their proprietory software...
Intellego Holdings PLC Distribution agreement and new product launch TIDMIHP FOR RELEASE 7.00am 31 May 2011 INTELLEGO HOLDINGS PLC ("INTELLEGO") AIM: IHP Distribution agreement and new product launch INTELLEGO PARTNERS WITH LAW FIRM PANNONE TO LAUNCH DIGITAL COMPLIANCE AND REGULATORY TRAINING COURSES Intellego, the AIM-listed digital learning provider, has partnered with law firm Pannone to launch a digital Anti-Bribery training course to help companies ensure that they have 'adequate procedures' in place to prevent bribery and corruption. The partnership between Intellego and Pannone will see the production and distribution of a series of digital compliance and regulatory products. The first product, an Anti-Bribery course, is designed to ensure organisations are fully compliant with the Bribery Act 2010 which comes into force on 1 July. The Act is widely acknowledged as one of the strongest pieces of Anti-Bribery legislation in the world. In particular, the new corporate offence of failing to prevent bribery allows for unlimited fines for those businesses falling foul of the law. The only defence available to an organisation is to have in place 'adequate procedures' to prevent bribery. The UK Ministry of Justice has published guidance on 'adequate procedures'. The guidance states "... training is likely to be effective in firmly establishing an Anti-Bribery culture whatever the level of risk." The digital Anti-Bribery course will assist companies in ensuring that they have 'adequate procedures' in place. It has been written by Zia Ullah, formerly Group head of Anti-Bribery policy at Barclays Bank. Zia is a partner at Pannone which has been, and is currently, involved in some of the UK's most high profile corruption cases brought by the Serious Fraud Office (SFO). The Anti-Bribery course is a turn-key e-Learning solution, which helps clients: * TRAIN their staff to understand the risks associated with bribery and how to spot and report it. * TEST knowledge on internal policies and procedures and provide feedback. * AUDIT all training records via an easy-to-use database and one click reporting. Zia said: "This product has been designed to take a practical approach to Anti- Bribery compliance and will allow companies to demonstrate they have communicated an anti-bribery message to staff and will help embed a culture of zero-tolerance towards bribery within any organisation." Angus Forrest, chairman of Intellego, commented: "We are delighted to make this announcement as a further step in our development of both distribution channels and subject matter experts for new products with wide appeal." ENDS Enquiries: Angus Forrest Tel.020 8977 8744 Intellego Holdings Plc www.intellego.
IHP, has NETD as a substantial holdings of its issued shares representing an historic 9.4%. EVT holds an historic 10.07% of NETD representing 2.6mns issued shares. With the isc in IHP rising to 431mns Monday the percentage holding will reduce, my guess is that there could well be purchases made by NETD possibly in order to bring up its equilibrium as we do not know who has subscribed for the new 40mns shares raising the £160k to buy PIXEllearning Ltd, a significant holdings announcement should follow if they have been purchased by an existing institutional holder .
Most of past information is now in the share price, what isn't yet is the happenings between NETD/Angus Forrest and IHP incestuous relationship. NETD is a share worth investing in as IHP and vice versa fortunes will impact on the share price. Acquisition Corporate activity has been flagged up before and augers well for the future, a possible blip in share price Monday is a buying opportunity in my opinion. In a nutshell as I find it. http://www.lse.co.uk/general-chat-discussion.asp?page=1&TopCode=UO8QW1IS
Last footprint the eps at 30th September was .24 today it is .16 and 9th May .14 based on profits circa £64k ceteris paribus. For the purposes of the Disclosure and Transparency Rules of the Financial Services Authority, the Board of Intellego is required to notify the market of the following:As at the date of this announcement, the Company's issued share capital consists of 391,446,682 ordinary shares with a nominal value of 0.05p each, with voting rights ("Ordinary Shares"), and 166,313,349 deferred shares of 0.45p each. The deferred shares are non-voting, are not admitted to trading on AIM and are not entitled to any participation in the profits or the assets of the Company. The Company does not hold any Ordinary Shares in Treasury.Therefore the total number of Ordinary Shares in the Company with voting rights is 391,446,682.The above figure of 391,446,682 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
As at the interim 30th September bean count there was an earnings per share ("eps") based on a reported profit of £63,734 and a weighted average of issued shares of 264mns. As at today that eps would be .16 with the additional shares of 40mns secondary issue that eps would be .14. as at 9th May historically We are due a trading report as the latest one was on 23 November, all signals suggest that there has been an improvement in profitability and the assets base increase as a result of recent corporate avtivity. This stock has been well covered with a pervasive thread in the general Chat area and Premium Service.
you need to learn a little about "Secondary Offerings"..the price has risen since the offering ..not fallen - current holders would sell at a higher price to buy back cheaper...people can sell forward their primary shares too as the shares are settling on the 9th of May as standard settlement is t 3 you;d be able to sell the stock today.
With the trading of an additional 40mns isued shares about to hit the trading floors on 9th May, this could cause a slight dip in the quoted share price, but those new shares will be quickly absorbed into the system and the market cap adjust upwards to compensate for the added asset value of the acquisition. Buy now or wait until 9th and buy on any weakness.
This is what is being bought for a maximum consideration of £1.1Mns. Looks like the first of many a sound bolt on acquisition. http://www.pixelearning.com/ Makrini being a part of the library. http://interactive.globalnovations.com/?page_id=451
excellent news...
http://www.investegate.co.uk/Article.aspx?id=20110503100000H1791
IHP has a vested interest here ! NetDimensions (AIM: NETD), a provider of performance, knowledge and learning management systems, provides a trading update following its 31 December 2010 financial year-end and ahead of entering its close period. The Company reports that: · Revenue increased substantially during the year · The Board expects the revenue increase to be ahead of market expectations · Profit before tax is likely to come in substantially below expectation due to costs relating to the scaling up of existing teams, acquisitions and the settlement of a patent infringement claim in the United States · The Company maintains a healthy cash position at US$6.0 million and still has no debt · At 31 December 2010 rates, the cash position equates to 15.4p in cash per share CEO Jay Shaw commented: "2010 was an eventful year for NetDimensions. We continued to grow revenue whilst investing heavily in the future of the business. Buying both BP-Tech, a U.S.-based sales and services company, and our reseller Intellego's distribution rights business in the UK, allowed us to put part of our cash to work and should provide a strong, exciting platform from which to take the Company forward in 2011, which we believe will increase our market footprint. "In addition, settling the patent lawsuit will allow us to focus on growing the business rather than on litigation. "We believe these moves, along with our recent Wholly Foreign Owned Enterprise license approval in China, will increase our potential to generate more revenue and improve profits in future."
Further validation of its Elearning offerings. won a contract to supply content services to a specialist retailer worth c. £200,000 in 2011. The retailer is the leader in its field with more than 100 outlets. The contract is for the development of 28 elearning modules for delivery through the year. Intellego chairman, Angus Forrest, commented "We are very pleased to announce this contract with a key customer. We are increasingly building closer long-term relationships with customers creating interdependence and closer engagement. Intellego's objective is to win further contracts of this type."
NETD has a substantial interest in this high risk tiddler with extreme potential. http://www.intellego.co.uk/investors/major-shareholders
Speculation is circling that IHP will cause a buying spree. Buying at over.48 seems to be the order of the day. Quite a few competitors are considering a consolidation of the market.
Can't access the mag. What does it say?
For those who like to look at those at the "helm", they could do no worse than to read page 54 of today's issue of weekly publication SHARES. An interesting reply by Simon Keane to an email regarding a Mr Angus Forrest and his past successes!
Listed companies intertwined along the corporate path. IHP NETD EVT each has a circular vested interest in the other.
Best to buy before they close down trading.
Expect this to rise steadily now.