Profit Warning Update from finnCap on Intercede's profit warning:"Intercedes trading update reports a slow start to the current financial year (ending March 2017), with delays continuing in the receipt of anticipated licence orders from both new and existing customers. Revenue is now expected to be lower than last year's record sales of £11.0m, and we review forecasts accordingly. Net cash at year-end is expected to remain robust, at £2.0m. We review our target price to 120p (190p), with share price recovery dependent on proof of execution in both the established MyID and prospective MyTAM and RapID product sets."Full note on Research Tree
Rev growth of 25% to £11m "Intercede has reported prelims in line with the April trading update, detailing revenue growth of 25% to £11.0m. Forecasts continue to assume 30% growth into FY17 and FY18 in line with the board's strategic ambitions to 2020, and a target of EBITDA and cash flow breakeven as profit is reinvested in further R&D. With new products MyTAM and RapID generating less than 5% of revenue and material growth all therefore currently derived from the existing profitable MyID product set, we look forward to growth and newsflow in..." finnCap note out this morning on Research Tree
"Intercede has reported prelims in line with the April trading update, detailing revenue growth of 25% to £11.0m. Forecasts continue to assume 30% growth into FY17 and FY18 in line with the board's strategic ambitions to 2020, and a target of EBITDA and cash flow breakeven as profit is reinvested in further R&D. With new products MyTAM and RapID generating less than 5% of revenue and material growth all therefore currently derived from the existing profitable MyID product set, we look forward to growth and newsflow in..." finnCap note out this morning on Research Tree
Re: Bad news today! Divi? Are they paying divi's now Stoat? How much per share?
Re: Bad news today! There is strong double-digit revenue growth in both S & M (11%+) and Professional Services (22%) over the past two years which is encouraging. However, the drop in licencing revenue has been dramatic and quite a set-back.If we accept the explanation of US government cut-backs and delays then it is possible, as you say, that 2016 will show a marked improvement.Given the investment in staffing and the buy-backs the cash burn is not too bad. Whether the buy-back programme is a sensible use of resources at the moment is questionable as it has done nothing for the SP.As the use of digital content grows so will the digital security market. Let's hope Intercede can get their licencing mojo back or someone will pick them off quite cheaply.
Re: Bad news today! Same old story really, all depends on the timing of revenues coming in.I actually think it wasn't that bad a statement considering all the extra staff and r&d.With all the various contracts and new partners announced recently (and not to sound like a jam tomorrow numpty) 2015 - 16 could be a good year.I'm still waiting for me divi' too btw ;o)
Bad news today! not impressive at all for IGP, though I agree with Parris about the sector.
Re: You see Stoat I watch, but I remember how slowly this moves as does foo I see from recent post.what ever happened to KS, is he still in SKIL?
In Returned to this share. Sales cycle is usually long and drawn out. Security is a significant aspect of most major businesses today. RP moves in the right social circles. He.s been most upbeat, but he.s had a little egg on his face after his earlier revenue targets were missed. I expect these to land ...at some point. SP been.s battered..too much ..gla.Fish
Re: You see Stoat Yep, makes you wonder what the desperation is to buy their own shares at the prices they did if they knew this was coming.You never know, it could be to give the rest of us a higher divi... ;0)
You see Stoat always good to wait and watch sometimes, must remind myself of that more frequently. I would be nursing another nice loss here had I bought months ago.hope all is well in stoat land. i see king sinbads SKIL was a disaster also knowing it was over £2 when he was touting it to us. 50p approx I see.
Re: Back on my watchlist Yes, but I also had and took my chance when they were 36p
Re: Back on my watchlist You had your chance at just over a quid
Re: Back on my watchlist No Stoat.