Member Info for MikeF

1 more buy and we'll tick back up here! GLA

This particular statement interested me: Angus Forrest commented "The business has undergone transformational change over the past six months and is set to grow organically with improving financial performance. As evidence of the opportunity we are in contract negotiations with several multinational organisations. As we gain financial strength we plan to make focussed acquisitions to grow our capabilities in our chosen market verticals of healthcare, retail and financial services." GL

My Initial target is .6p and then market cap will still be low! Undervalued atm and great upside... brilliant recpvery stock IMHO. GL

After a recent conversation with Angus Forrest he expressed his concerns that the co.s sp was way too low and that is much lower than any sale value would be. Recent updates looking positive and the co. is moving forward... Post from AE on iii: Cracking decisive action.... A CVA is never a good thing without a strategy and with creditors support as demonstrated this is not only the lifeline the company needs but also as per RNS announces.... "The directors believe that having taken these steps the Company should be able to trade profitably for the future." All doubt is now REMOVED, and the situation is now crystal clear.... Not only are the company in negotiations with multinational organisations, but it is also looking at aquisitions... Denton still retains his position as singl;e largest shareholder and this kind of situation could stir him into action... GREAT NEWS... Best of luck. AE

Small 146k Buy in @ .295p Buy limit now up to .295p, still under mid! GLA

You may want to check out IHP, very cheap again to buy and another very undervalued company! GLA

requirement but that a variety of different innovative approaches will enable customers to have a choice in how they support their staff going forward. By merging together industry knowledge, a strong understanding of learning and technology we believe this partnership will provide effective and appropriate solutions to this market” GLA

TCC and Intellego join forces to tackle RDR challenges The Consulting Consortium (TCC) has joined forces with learning specialist Intellego to form a partnership to ensure firms will have access to all the relevant training and compliance tools to tackle the continuing RDR challenges. The two firms have formed an alliance to combat current uncertainty revolving around RDR. Their goal is to use their combined capabilities and experience to create innovative training solutions to help firms operating in the financial services sector get to grips with all their training and compliance requirements, in response to one of the most fundamental changes experienced across the industry. Firms can expect more intensive supervision in the run-up to the implementation of the RDR in 2012 through mystery shoppers and analysis of charges as well as product use. Training and all aspects of compliance procedures will be closely monitored during the transitional period to the new rules, while the whole process will be reviewed after introduction. TCC believes that the combination of specialist knowledge, expertise and technological solutions brought together by this alliance will enable it to offer a greater range of RDR specific solutions than any other compliance specialist. TCC has been providing expert support and guidance in the realm of FSA compliance for over 10 years. Intellego's capacity to tailor innovative e-learning based solutions that heighten performance, compliance and improve financial return ensures firms can access suitable training tools that enable the learner to develop new skills and capabilities in a way that meets a variety of learning styles. Jill Wade, Director of Learning Solutions at The Consulting Consortium, said: “We genuinely believe that this alliance with Intellego enables us to offer a vast array of state of the art RDR solutions for firms of all sizes and budgets that are unparalleled in the current marketplace. There is no getting away from the fact that the RDR is a complex area and with cost continuing to mount it is essential that firms look for cost effective but highly engaging training and compliance programmes. "There is no one-size-fits all solution to firms RDR requirements and it is vital that firms address professional development within their organisations. The current trend of more proactive supervision of the industry as experienced of late means that firms must get their compliance procedures right first time or feel the wrath of the regulator.” John Hammond, Sales and Marketing Director at Intellego Group Ltd, said: “We are delighted to be working with such a well regarded industry expert as TCC. We hope to develop our existing capabilities through the acquisition of the Professional Development Partnership and in combination with TCC to extend our offerings in addressing this major challenge for the industry. "We do not believe that there is a s

I have bought some more and at under mid, great price :) Trading and corporate update The directors today update the market as follows: the year to 31 March 2010 finished with sales of GBP2.0 million and in line with the trading update of 20 January 2010 sales recovered in the second half. The business has seen significant changes over the past six months with a new team of executive directors who have made extensive changes to all aspects of the operations. These include the creation and introduction of new products incorporating Intellego's IP and the disposal of the EKP distribution business announced on 28 April 2010. A plan to significantly reduce overheads has been put into effect and should in a full year achieve net savings of c. GBP300,000 pa. Over the past two years the main operating company, Intellego Group Limited, has accumulated a backlog of liabilities, including loans, totalling c. GBP1 million. After taking professional advice the directors have decided to implement a company voluntary arrangement for Intellego Group Limited. Antony Batty & Company LLP has been appointed as nominee and will circularise creditors today. The effect of the company voluntary arrangement will be to formalise arrangements to satisfy those liabilities for c. GBP400,000 payable over five years, as this offers the best return for creditors and shareholders. The directors believe that having taken these steps the Company should be able to trade profitably for the future. Angus Forrest commented "The business has undergone transformational change over the past six months and is set to grow organically with improving financial performance. As evidence of the opportunity we are in contract negotiations with several multinational organisations. As we gain financial strength we plan to make focussed acquisitions to grow our capabilities in our chosen market verticals of healthcare, retail and financial services." GLA

3k buy on PLUS GLA

http://uk.reuters.com/article/idUKLG36446320090116?type=companyNews

In January 2009 there were takeover talks circling Invocas and the price was 50p on the announcement! Now the sp is only 15p and it has to be a hot target again i would have thought...

THE new chief executive of Invocas yesterday said he was delighted with the progress made in restructuring the Edinburgh-based debt management group, despite posting an interim loss. The firm made an operating loss of £1.6 million in the six months to 30 September, compared with a profit of £600,000 at the interim stage last year. A one-off cost of £1.3m was declared, including restructuring and terminating contracts. David Macmillan, who was appointed head of the firm in May, told The Scotsman: "The main issue we faced was the business model being pursued. "My main concern in May was the cost base and cash position. Both were related to the customer acquisition strategy, which was heavily advertising-led. I've taken Invocas back to its roots, doing business-to-business work." He said the drop in profits was also partly due to less revenue from the company's back book of work, which was expected owing to a fallow period through which the firm passed two years ago. Macmillan said Aim-listed Invocas had closed its small office in Dundee and that the company's headcount had been reduced from 159 at the end of March to 143. Revenue also fell from £4.4m to £3.8m, but new business contracts won rose from £2.8m to £3.2m. http://thescotsman.scotsman.com/business/Invocas-posts-16m-loss-but.5903279.jp

http://www.proactiveinvestors.co.uk/companies/news/6567/invocas-to-expand-insolvency-service-offering-to-target-more-smes-6567.html

This is a very solid co. IMHO and because of the lack of newsflow since December the sp has slumped back presenting fantastic value. NAV and cash put together are nearly 4 times current market cap! Very undervalued currently IMHO. GLA

noone see how undervalued this? Very surprised at the lack of interest!

Morning mate, under the radar still here... huge value at current price IMHO. GLA

I am keeping an eye, you had a long lunch yesterday didn't you?? lol

20,000 buy just in @ 15.5p... 1 more and we should tick up. GLA

Very quiet in here...