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Excellent Techno. Many thanks.
As referred to below.......nice to see rapid recovery. A 10% drop feels rather more appropriate than 23%. Lots of institutions topping up points to further recovery as the new deals (hopefully) get announced.... Wednesday 01 April 2015 TIG warns on delayed H1 software revenues Shares in insurance business process services and software provider The Innovation Group (TIG) fell more than 15% after warning on H1 revenue. We understand the slipping of three significant UK software contracts was the main reason for the miss. Benign weather conditions in the UK however also adversely impacted UK property claims volumes. The software deals were supposed to close and contribute revenue in H1. The first one has just done so, with a tier one European motor brand, selecting TIG's Insurer product suite, in a deal worth £3.6m. One of the remaining deals is rumoured to be worth tens of millions of pounds to TIG, and could well rank as its largest to date – we understand this is in partnership with a major systems integrator. Deals of this size and scale are complex, and we wouldn’t be surprised if it played a part in some of the delay. At the same time, TIG's mobile app partner Symbility Solutions changed the terms of its relationship, buying out its customer contracts from TIG for £4m. The value added reseller (VAR) agreement has been replaced with a more traditional five-year contract for TIG to use Symbility. We hear that these two remaining software deals should now close in April/May. One of the them looks set to be a landmark deal for TIG. Watch this space.
RNS news of Purchase by Kabouter Management LLC for 2.175 Million shares on 1st April 2015. Total holdings now over 10% of TIG at 123,775,156 shares. This points to a no brainer.
£1.5 million buy gone through.
Today's 22% drop was an April Fools Prank instigated by Market Makers. Do not be fooled by Director Sells nor the volume of sells in ratio to buys today. This should rocket in this new Quarter. There is no reason nor justification for todays huge drop. HOLD or ADD.
......"new client win with a Tier One European Motor brand." Any idea who?
Just popped over from QPP. Spotted the news and the bargain price. Bought in. No brainer.
Seems well overdone to me. Not been invested in TIG for a long time, but made good money historically and stayed on my watch list. Couldn't resist dipping my toe in again. Some positive comment on techmarketinvest. Implies further contract news imminent. GLA Techno
has the drop here today got anything today with QPP shares being suspended? maybe a takeover??
Also seems to have ignored any value in the contract win, with prospects of more contract wins. Can only assume MM's are playing there usual games.
Really don't see how there's a 22% drop in this mornings RNS
Symbility sold for £4m but value of this is largely offset for this trading year by reduced claims numbers due to benign weather conditions and contract 'slippage' by which I think they mean delays (given that we have positive contract news today). Also foreign exchange rates having an impact, as was the case last year. Overall TIG are anticipating performance to be in line with market expectations.
Impressive contract win worth revenue of £3.6m with £2.5m to be generated in next 12 months. RNS also states that this contract is the first of a number expected over the coming quarter. Excellent work TIG.
very large ones there.
The five cars getting all the attention at the Geneva auto show Every year the Geneva auto show attracts car enthusiasts from all over the world to see the unveiling of the year’s hottest supercars. Though the Volkswagen Passat won the big prize: “Car of the Year,” it’s not the one people are ogling. The following four super cars (and one unsuspecting minivan) are the cars everyone is talking about this year. Auto news brought to you by topinsurance.agency Source: detroitnews.com/story/business/autos/foreign/2015/03/04/geneva-auto-show/24371687/ Tags: Geneva auto show, supercars, exotic cars, car insurance, auto insurance
Henderson's increase shareholding to > 20%
The spread is so narrow though at <1%, the 'trades' data can't be relied upon. The only real measure is the sp movement and nice gains today. As regards an 'interim statement' this month, the half yearly interims are due in May and I'm not convinced we'll get one before then. Last year, the February interim was issued just prior to the placing announcement and provided an up to date overview of the business. Not to say that we won't get some contract RNS' s in the meantime. ATB
Has a note been issued yet? The SP doesn't seem to reflect the brokers optimism, I wonder why?
Expecting interim statement which normally comes on a Friday in February. Could also be some good news re the service plan side of the business. Last announcement said it all really and share price hasn't moved since. Brokers advise current share price over 30% below where it should be.
What kind of news? Good, bad, sale, client wins????
Next 48 hours I think. Some interesting trading done today and after close.
look at those sells.....someone's not very confident......or are shorts closing ?
movements?
What on earth is preventing this from heading north, past the 30 pence mark??
Henderson increase holding - now above 19%