just added to ITL - had to go around all the MMs to hunt for cheap stock. It seemed there was a real stock shortage all of a sudden. Managed to get 0.5p inside with Kleinwort on the last call but he only let me have 25k.
Worth watching - think they have widened the spread to put people off.
Chart looks appealing too with indicators now turning positive, seems ready for a big move.
These boys are winning contracts ding dong andf the Mican forced disposal 2m ago took the steam out of the rise.
That stock seems to have worked its way out of the system so the stock is likely to move ahead now.

*Intec Telecom (LSE: ITL.L - news) wins multi-million pound deal in Asia-Pacific and confirms in talks to buy ADC's retail billing operations.

From today's The Business - Small-Cap Investor by Andrew Hore who edits Durlacher's Aim Bulletin.

Intec Telecom Systems provides software to help telecoms companies to lower costs and make their networks more flexible. Management recently confirmed that the outlook for telecoms spending is improving and there are four significant contracts that should emerge in coming months.

Intec supplies operations support systems software which is used to automate network operations and billing. The market for this software is estimated at around $30bn a year - or 3% of global telecoms revenue. Most of this is currently spent in house by the companies. The addressable market is nearer $3bn but is growing rapidly, because telecoms companies are finding the costs of in-house development teams rising.

Intec was founded in 1997 and has been quoted for nearly 5 years. More than half the worlds top 100 telecoms carriers are customers of Intec. Its overall customer base covers more than 70 companies. The company generates revenues from software licences, upgrades, consulting projects and support and maintenance. Intec has grown organically and through add-ons. The most recent was last years purchase of the Single.eView billing platform.

Management says four-fifths of orders are for more than one product. This shows the worth of Intec adding new products to its range as telecoms companies try to cut the number of suppliers they deal with.

This year the main focus is integrating Single.eView and cutting duplicated costs. This will hold back the short-term progress of profits. Q1 figures included Single.eView for the first time and showed a rise in turnover from 15.6m to 23.9m but a small fall in pre-amortisation profit.

Durlacher forecasts turnover will rise sharply from 69m to 115m in the year to September 2005. This growth is helped by last years acquisition. Pre-amortisation profit is forecast to grow from 7.6m to 11m but a rise in the tax charge from last years usually low figure of 7% to 23% means that eps will fall from 3.6p to 3p. There may be scope to upgrade forecasts during the year. Next years earnings are forecast at 4.1p a share putting the shares on a 2005-06 p/e of 18.

The business is very cash generative and net cash is expected to increase from 28.2m to 41.4m at the end of the current financial year.

The shares are near to the high achieved just under 12 months ago but there is still more long-term growth to go for. Buy.

Good time to invest, results out on Wednesday. Looking for mid 70 exit point.

I have put some cash today into this following the very good results. The management seem to me to be pro-active and the company is forward looking.

I am surprised this share hasn't had more publicity given the results.

The price is now ready to break out of 60 - 65p range. Expect some sharp movement upwards, to the region of 75p app.

I don't expect anything, I am more into hoping for an upside, but do think the share deserves more attention with the increased volumes of new business and decent management

look like you could be right after all Britshare.

Of course I'm right ;)
This share will trade above 1 next year ( just don't ask me exactly when).
80p is the breakout point according to the charts. If you can afford to hold for several months, you'll be well rewarded. This company is going places.

couldn't agree more, now that overhang cleared(created by old owner Mike Frayne's share sale, though think still holds approx 20m) and definite signs of instituitional buying, and as you say breaking out of old range- i can see 75p soon, which almost equates to PE of 20 on this yrs adjusted EPS. prospective earnings can only be guessed at because next yrs synergistic effect of single view is difficult to estimate at the moment, however if it's going to carry on in this yrs vein, with a 60 % increase in pre tax profit then surely a sp of 100p is conservative- can't understand why there's not more interest.

I agree with both of you.
I wish I had bought more but I am almost fully invested.Slight concerns about Fraynes remaining overhang, if any, but with any luck they will be snapped up if the price keeps heading north.

another strong upward move today

Thank god something is in the blue today. Hopefully quality showing through

multi- million pound sell yesterday, poss Mike Frayne's overhang again, still sp has held up, expect more as still above 65p resistance

looking good on a bad day overall

Not a very nice update....

Intec Telecom Systems PLC
22 November 2006


For immediate release 22 November 2006


Intec Telecom Systems PLC

Trading Update

Intec Telecom Systems PLC ('Intec' or 'the Company'), a leading supplier of
software, solutions and services to the global telecoms industry, today
announces a trading update for its financial year ended 30 September 2006.

On 7 August Intec issued a trading update indicating that, due to consolidation
among certain major customers leading to contract postponements and delays, it
expected that revenues for the full year would fall in a range between 113m to
120m. The Board noted at the time that 'it continues to be difficult to predict
the quantum and timing of specific purchasing decisions and the Board will
therefore continue to review the likely outcome for the year.'

Against a backdrop of continuing commercial effects resulting from the
consolidation in the US telecommunications market and the inherent uncertainty
this is creating, Intec has taken a prudent view with regard to significant but
substantially complete contracts with one US customer and has deferred
recognition of 5.5m of licence fees where payments have yet to be received,
which directly impacts EBITDA for FY2006. At the time of the 7 August trading
statement it was expected that matters relating to this customer would have been
satisfactorily resolved. As a consequence, the Board now believes that revenue
will fall below the previously stated range, at not less than 111.7m and EBITDA
before exceptionals will be not less than 3.2m.

Subsequent to the 7 August announcement, Intec has undertaken a thorough review
of its operations which has resulted in the acceleration of plans to move
delivery and development resources to lower-cost offshore locations. This will
lead to a one-off restructuring charge of 4.0m in the FY2006 accounts, which
will deliver an equivalent or greater payback in FY2007.

ITL Intech Telecolm systems one of 2 techs my screener chucked out this weekend now starting to move up seriously.

Well worth a read of recent trading update,http://www.investegate.co.uk/Article.aspx?id=20090409070100H4370

and the stocks on a roll having risen up 48% on the past month and 17% over the last week excluding today.

Chart looks strong aswell.

Pretty impressive set of Broker Recommendations on itl ALL BUYS.......

Intec Telecom Systems PLC

FORECASTS

2009 2010
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Numis Securities Ltd
09-04-09 BUY 19.10 4.60 22.10 5.30

Panmure Gordon
09-04-09 BUY 14.60 3.35 14.14 3.38

Singer Capital Markets Ltd
09-04-09 BUY 13.10 3.00 14.40 3.20

ABN AMRO
30-03-09 BUY 15.10 3.69 15.10 3.58

Teathers
04-03-09 BUY 13.93 3.33 15.05 3.59

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 14.53 3.46 14.68 3.43

1 Month Change 0.68 0.24 0.40 0.10
3 Month Change -0.02 0.12 0.14 -0.08


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 19.86% 19.34% -0.87%
DPS % % %

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 18.23m 19.33m 19.68m

EBIT 12.00m 12.50m 13.40m

Dividend Yield % % %

Dividend Cover x x x

PER 14.40x 12.07x 12.17x

PEG 0.72f 0.62f -14.04f

Net Asset Value PS 15.86p 52.74p 55.40p

Lovely U shaped recovery and attacking September resistance as we speak.

Analysts at Numis Securities upgraded their full-year forecasts by 30 per cent.


http://marketsnewss.wordpress.com/2009/04/10/cosentino-signature-wines-slides-on-debt-woe/

ITL broken through resistance at 46p ish.

Looking very strong.

Glowing reports in most tip mags....bought some this morning...with my target being 55p !.

Forecasts make for positive reading.

Way undervalued imho and the stock is on a momentum run...

http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=12422

Intec Telecom Forecasts

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-09 139.14 13.59 3.72p 11.2 0.5 +25% n/a 0.0%
30-Sep-10 145.63 14.61 4.20p 9.9 0.8 +13% n/a 0.0%

Panmure out with a new Buy note yesterday...

Intec Telecom Systems PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
15-04-09 BUY 14.60 3.35 14.14 3.38

Been in for some time now, but this one is slipping through the net for most people...take a look at the graph...it's great..what a steady eddy this is as far as a gentle rises..looks good for the upper nineties I would guess !, and very Isable !.

Up again....remarkable when you consider the negativity around.

Still rising..what a gem...

Terrible drop.....way overdone by marketmakers....down 20p....crazy !....been caught out here...but expect a good rebound....

Lower H1 revenues may cause it to slump further.

Unbelievable drop here....not in but could not believe the sp....profit warning...

Well...picked up some...could not resist it...hope it's not a diving knife, but the drop looks way overdone...

From this week's Shares Mag:
"The weakness following last months trading update from Intec, a leading provider of billing solutions for telecoms companies, is a buying opportunity as the group remains well placed to benefit as operators struggle to keep up with the growth in data traffic. While the market was disappointed by slightly longer sales cycles, Intec reported momentum in sales orders across all regions, including emerging markets where mobile subscriptions are growing.
The group remains highly cash generative and trades on 9.5 times earnings for 2010 ex-cash. This, according to broker Singer, makes Intec one of the cheapest stocks in the sector. "

There was a large article on the Tech sector & recommendations to buy ITL, SPT, ALU, TCY & IQE, but I still prefer the big boys who are doing well but with much less risk, such as ARM, LOG, DDT. SDL is a smaller play & one which is worth watching, imo.

Thanks...I'm in IQE but the sp just will not go up...but I'll wait....

No rebound yet...perhaps it has not reached the bottom...nobody should sell at these prices.

maybe no one should buy either....

Perhaps...it's a risk but 60p for ITL....crazy...it's worth a lot more....I reckon it might take a few days..a week...but a rebound to 75p...to me looks about right...

buying doesn't look a great idea to me ...... i would not be at all surprised to see further profit warnings in due course

=======

British billing firm Intec Telecom Systems said order delays and pricing pressures would push first-half revenue 10-15 percent below forecasts and hurt profits.
The provider of business-support software to companies such as AT&T Inc , Deutsche Telekom and Vodafone said operators in Europe, Middle East and Africa were shelving projects, resulting in a 5 percent drop in new orders in the first-half.

The shortfall in the six months to end-March would have a direct impact on profit, it said, and if the trend continued full-year revenue could be similarly impacted.

Analysts had expected Intec to report full-year revenue of 173.2 million pounds ($260.4 million), slightly up on the 167.9 million pounds reported for the year to end-September 2009, according to a Thomson Reuters I/B/E/S poll of five brokers.
Pretax profit was seen at 30.4 million pounds, up from 26.3 million pounds in 2009.

and still heading south ..... 56.0/56.75 with few takers and plenty more sellers

It's not company itself...which is great in all sense...but the sp is far too low...should come back...bought too early...but I cannot watch all day long ; had to make a decision there and then.

Little rebound so far but not much...

take a small profit and run!

Just done so, thanks ......taken a little profit ....

just breathe a deep sigh of relief!

Dead cat bounce....but one to watch in a few months time....when things get better.

Took my profit too early...I was right about a rebound due.

no you didn't ..... you took a profit and could easily have lost your shirt

That's if it dropped to 40p or so.....which it hasn't.....

Yet....
regards
jkd

This is worth only about 40p ... sell

Another stock to have a gander at Intech Telecolm Systems ITL.

Got to get through resistance first as shown on chart and then we could have lift off as we hit the GAP formed in April.

Had a very good day friday and looks like we have some strong momentum chasing.

Brokers like the stock and little wonder a EPS increase of 22.5% and a lowly P/E of just 13.2 forecast for 2011..... way undervalued IMO.

Even the forecast NAV is bhigher than the present market SP.

Intec Telecom Systems PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
23-07-10 HOLD 12.90 3.05 1.20 18.40 4.05 1.35

The Royal Bank of Scotland NV
08-07-10 BUY 15.00 3.51 1.20 19.40 4.41 1.40

Investec Securities
24-06-10 BUY 12.46 2.92 15.68 3.69

Altium Securities
01-06-10 BUY 13.90 3.00 1.20 17.00 3.80 1.30

Singer Capital Markets Ltd
24-05-10 BUY 13.60 3.20 1.20 16.80 3.80 1.30

Execution Noble
21-05-10 BUY 13.80 3.50 1.20 20.40 4.70 1.30

Numis Securities Ltd
20-05-10 BUY 15.30 3.60 16.90 4.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 13.77 3.41 1.20 18.10 4.18 1.31

1 Month Change 0.00 0.09 0.00 0.43 0.19 0.00
3 Month Change -1.21 -0.13 0.04 0.61 0.13 0.08


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 123.58% -53.00% 22.52%
DPS % % 9.50%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 31.20m 17.45m 23.34m
EBIT 25.68m 11.29m 18.19m
Dividend Yield % 2.17% 2.38%
Dividend Cover x 2.84x 3.18x
PER 7.61x 16.18x 13.21x
PEG 0.06f -0.30f 0.59f
Net Asset Value PS 32.70p 63.15p 65.49p

Intec Telecom Systems plc

Response to share price movement

In view of today's share price movement, the Board of Intec Telecom Systems plc ("Intec" or the "Company") confirms that it is in highly preliminary discussions with a third party which may or may not lead to an offer for the Company.

Discussions are at a very early stage and as such there can be no certainty as to whether any offer will be forthcoming nor as to the level at which any offer might be made.

A further announcement will be made in due course.