davepyle1
- 22 Jan 2004 08:31
tipped in todays share mag at 10.37p.....anyone any opinions on this share?
davepyle1
- 22 Jan 2004 08:50
- 2 of 50
LONDON (AFX) - Shares in Intelligent Environments Group, a provider of
integrated e-business software and services, shot up 21 pct in response to a
'buy' recommendation in today's Shares Magazine.
Intelligent Environments shares were 2.38 pence better at 13.75 by 8.24 am.
fjb/ak
gordon geko
- 22 Jan 2004 10:10
- 3 of 50
is this too high alreadys but could have said this re tadpole and CMS in the past ????
gordon geko
- 22 Jan 2004 10:11
- 4 of 50
Intelligent Environments Group (IEN) – 10.37p BUY
It might be too late, but probably not. Intelligent Environment’s shares have jumped 3p (a third) to a 30-month peak since the bullish trading update and fundraising, and look set to go considerably higher.
Analysts are dusting down their spreadsheets and like what they see. A maiden profit of around 500,000 is expected for 2004 and around 1 million for 2005. IEN is a member of the select 99% club. This is restricted to mostly hi-tech companies whose shares have fallen by 99% or more from the peaks reached during the 2000 bubble, but are still surviving.
Long-serving chief executive Phillip Blundell has done a great job re-shaping the company, firming up woolly products and cutting costs.
IEN is now focused on providing products for financial services companies, including banks such as HBOS, to carry out business over the internet. In particular, it specialises in online credit card management software.
This, together with other products such as retail investment software, enables clients to generate new business rapidly, improve customer service and cut costs. IEN is currently developing software to help banks decide who to lend money to, manage loans and use as a tool to boost the marketing of their financial products.
Blundell reckons the company is now well positioned as a leader in the online banking sector, with many dozens of customers keen to buy more products. Repeat business is also substantial.
The flasgship .NET Converter product was recently sold to the Bank of New York and to redIT, a leading Swiss accounting software provider. Lots of other companies are expressing strong interest, suggesting a big rise in sales this year.
IEN also makes money from its consultancy services, such as upgrading online services at the Royal Bank of Scotland.
The full-year results will be released in late March and are expected to show revenues up a third to over 3.5 million which, combined with a 36% cut in costs, will produce a near break-even in profits compared with the 3 million loss in 2002.
The placing on Tuesday of seven million shares at 8.75p, raising 600,000, was snapped up smartly. This is good news as IEN now has 800,000 cash in the bank which will fund growth this year and next.
Shares Summary
Back from the dead. Intelligent Environments has been smart enough to specialise in on-line credit card software. It is now a leader in this sphere with a bright future.
Business: software provider of online products for financial service companies
Vital stats:
Market value: 16 million
Historic PE for 2002: losses
Prospective PE for 2003: break-even
Prospective PE for 2004: 30
Prospective PE for 2005: 15
No dividend
Spread: 4.3%
NMS: 5,000
paperbag
- 13 Jul 2004 20:49
- 5 of 50
There has been no news or new developments from IE. Would anyone know why this is. Are they still in existence.
gordon geko
- 19 Jul 2004 09:16
- 6 of 50
this is what happens with small cap shares try ie.com for news
due to report september hope for something more positive as paid 13.75
for this lot based on future prospects thought at the time it was cheap
now holding for the long term
gordon geko
- 19 Jul 2004 09:18
- 7 of 50
Latest news from IE.com site
Intelligent Environments Europe Ltd - 07 April 2004
--------------------------------------------------------------------------------
iE has implemented a comprehensive online application and account management system in conjunction with HFC Bank for the new partnership card from the John Lewis Partnership (JLP).
The partnership card is offered by John Lewis Financial Services Limited, a member of the HSBC Group formed for the purpose of providing financial services to customers of JLP, following the announcement of a long-term agreement between JLP and HFC Bank for the joint management of the John Lewis and Waitrose store card business.
iEs NetFinance Encore software has been the power behind HFC Banks online credit card services for marbles, the GM card and over 100 of its Beneficial affinity credit cards since 1999. As an extension of this successful relationship, iE was selected by HFC Bank to develop the online service to support the partnership card launch.
The flexible capabilities of NetFinance Encore meant that the marbles platform was easily extended to incorporate the JLP brand. Enhancements were also made to the system, including printing and downloading capabilities, to meet specific business requirements.
The new service allows potential cardholders to apply for the partnership card online. If successful, new cardholders can then use the Internet to manage their account including the ability to view up to the minute transactions and card balances, download and print statements, track reward redemption points and make debit card payments.
Steve Walker, head of IT at HFC Bank, said: The breadth and depth of our experience in the credit card market combined with the strength of brand and attractiveness of the offer is an ideal foundation for the success of the partnership card. The Internet is an essential element of this strategy and we knew that iE could deliver a comprehensive and effective online system that supports the vision for partnership card customers.
Phillip Blundell, chief executive of iE, said: HFC Bank and iE have a long standing and successful relationship and we were delighted to extend this with the addition of the partnership card. The Internet is an important channel that can add real value to a credit card proposition. The system we have implemented for the partnership card provides consumers with convenient, user-friendly access to their account, supporting JLPs customer service ethos and providing it with an effective marketing channel for the partnership card.
Poverty
- 12 Aug 2004 22:31
- 8 of 50
I thought ie sounded really good too - and I jumped in at 13p - not happy to be looking at a 5p bid now! I don't know whether to hold or not - no news is not good news for a company like this - what are they up to?
profitmaker
- 21 Sep 2004 10:03
- 9 of 50
Reported results yesterday.,showing a loss. Can't find any comments on results. No effect on price. So we're looking at another 6 months of silence while we wait for some good news.
gordon geko
- 01 Jul 2005 09:49
- 10 of 50
might just might have turned the corner good name in the market decent website etc etc not delivered in the past which is why we are here now better times might be ahead imho
Intelligent Environments Group PLC
29 June 2005
29 June 2005
Intelligent Environments Group plc
AGM Statement
At the AGM meeting to be held today at 9.00am, Clive Richards the chairman, will
make the following statement, 'The company has recently announced major contract
wins at HBOS and BBVA for its NetFinance software. These orders, coupled with
significant projects at HSBC, Ashburton and Royal Bank of Scotland, have meant
that trading for the first six months of the year is up approximately 10% on the
same period last year. The Board is confident that the improvement in the first
half of the year will continue and that the company will meet current management
expectations.'
gordon geko
- 26 Aug 2005 12:36
- 11 of 50
whats the chance of this returning to 2004 levels ?
silvermede
- 18 Jan 2007 16:59
- 12 of 50
This company caught my eye in a City Equities write up, but need to do more research.
Recent announcement:
Intelligent Environments Group PLC
16 January 2007
Intelligent Environments Group plc
Trading update for the year ended 31 December 2006
Strong Revenue Growth Set to Deliver Maiden Profit
Intelligent Environments Group plc (AIM: IEN) ('iE'), the online financial
services software provider, today announces a trading update for the year ended
31 December 2006.
The revenue momentum highlighted in iE's Interim statement has continued through
the second half of the financial year and revenues for the full year will be
ahead of market expectations. This significant revenue growth is expected to
deliver the company's first profit as a public company, which is in line with
market estimates. The cash position of the company has also improved with net
cash funds standing at 0.9 million at the year-end. This equates to an
operating cash inflow for the year of 0.6 million.
Phillip Blundell, Chief Executive, commented:
'Intelligent Environments has made substantial progress over the last 12 months
and the operational focus on selling through partners, exceeding customer
expectations and broadening the product portfolio is translating into positive
financial results. Our new partnership with Unisys is of particular
significance as it offers excellent opportunities in the savings and mortgage
markets. I look forward to updating the market further when we publish the
preliminary results during the week of the 12th of April.'
silvermede
- 18 Jan 2007 17:03
- 13 of 50
Intelligent Environments Group PLC
17 January 2007
Intelligent Environments Group plc
Director's Shareholding
Intelligent Environments Group plc ('the Company'), the online software provider
for financial services, was informed yesterday that on 16 January 2007, Clive
Richards, non-executive chairman, purchased 500,000 ordinary shares of 1p each
in the Company ('Ordinary Shares') at 7.625p and 500,000 Ordinary Shares at
7.5p.
Following these purchases, his holding in Ordinary Shares stands at 21,973,955
shares, representing approximately 13.5% of the issued share capital of the
Company.
miner49er
- 13 Feb 2007 11:33
- 14 of 50
I hold a few of these and they seem to be a good turnaround story with the promise of more contract announcements over the coming months. There's a good thread going on at advfn which I look in on quite often.
GordonG
- 27 Feb 2007 11:24
- 15 of 50
seem to be falling back on lack of newsflow...
gordon geko
- 15 Mar 2007 11:27
- 16 of 50
another deal should get itself above 10p now ........
Intelligent Environments supplies software to Principality Building Society
AFX
LONDON (AFX) - Intelligent Environments Group PLC said its NetFinance software will be used by Principality Building Society, Wales' largest building society, when the building society launches its new e-savings platform next week.
Financial details of the deal were not given.
'This is the first of a number of new product deliveries and we look forward to working with Principality as part of our ongoing partnership,' Intelligent Environments chief executive Phillip Blundell said in a statement.
newsdesk@afxnews.com
rsh/pmi/vlb
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
gordon geko
- 15 Mar 2007 11:28
- 17 of 50
good level of trade even a 500k buy so someone got some confidence perhaps a director ????
gordon geko
- 19 Mar 2007 12:18
- 18 of 50
nice to see an institition on board of this 20m mkt cap business ....
Intelligent Environments Group PLC
19 March 2007
19 March 2007
Intelligent Environments Group plc
This is to confirm that the above Company has received the TR-1 form below from
AXA S.A. confirming their ownership of 11,317,460 shares in Intelligent
Environments Group plc (representing 6.95%) and that the notification is a
declaration of major shareholding as per the FSA Transitional Provision 7.
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
Intelligent Environments Group plc
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights are
attached: ( )
An event changing the breakdown of voting rights:
( )
3. Full name of person(s) subject to the notification obligation:
AXA S.A. 25 AVENUE MATIGNON, 75008 PARIS AND ITS GROUP OF COMPANIES
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached
if different):
02/03/2007
6. Date on which issuer notified:
16/03/2007
7. Threshold(s) that is/are crossed or reached:
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to
if possible using the the Triggering
ISIN CODE transaction
Number of shares Number of voting Rights
0930312
Resulting situation after the triggering transaction
Class/type of shares Number of shares Number of voting rights % of voting
rights if possible
using the ISIN CODE
Direct Direct Indirect Direct Indirect
0463045 370,000 370,000 10,947,460 0.23 6.72
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Date Exercise/Conversion Number of voting % of voting
financial Period/ Date rights that may be rights
instrument acquired if the
instrument is
exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
11,317,460 6.95%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
NAME OF THE COMPANY/FUND NUMBER OF SHARES % OF ISSUED
SHARE CAPITAL
SUN LIFE PENSIONS MANAGEMENT LTD 370,000 0.22720
DIRECT
AXA Framlington 3,328,000 2.04355
Xerox final salary pension scheme
INDIRECT
AXA Framlington 1,939,460 1.19092
Islington Group pension scheme
INDIRECT
AXA FRAMLINGTON 1,888,000 1.15932
BAE Systems pension fund CIF trustees
INDIRECT
FRAMLINGTON ONSHORE PRIVATE CLIENTS 3,000,000 1.84214
INDIRECT
AXA FRAMLINGTON 792,000 0.48632
BAE Systems 2000 pension fund
INDIRECT
TOTAL DIRECT 370,000 0.22720
TOTAL INDIRECT 10,947,460 6.72225
TOTAL 11,317,460 6.94945
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:
TERRY MARSH
15. Contact telephone number:
020 7003 2637
This information is provided by RNS
The company news service from the London Stock Exchange
gordon geko
- 21 Mar 2007 15:34
- 19 of 50
more institutions get involved ??????????
Intelligent Environments Group PLC
21 March 2007
TR-1(i): notification of major interests in shares
1. Identity of the issuer or Intelligent Environments Group Plc
the underlying issuer of
existing shares to which voting
rights are attached(1):
-------------------------------
2. Reason for the notification (please tick the appropriate box or boxes)
--------------------------------------------
An acquisition or disposal of voting rights Y
-------------------------------------------- -------
An acquisition or disposal of financial
instruments which may result in the acquisition of shares
already issued to which voting rights are attached -------
--------------------------------------------
An event changing the breakdown of voting rights
-------------------------------------------- -------
Other (please specify):___________________________________________
--------------------------------------------
3. Full name of person(s) Singer & Friedlander
subject to the notification Investment Management Ltd
obligation(1):
-------------------------------
4. Full name of shareholder(s) Sinjul Nominees Ltd
(if different from 3.)(1):
-------------------------------
5. Date of the transaction
(and date on which the threshold is
crossed or reached if different)(1): In accordance with DTR TP1 (7)
this disclosure in relation to
voting rights as at 20 January 2007
-------------------------------
6. Date on which issuer 20 March
notified:
-------------------------------
7. Threshold(s) that is/are
crossed or reached: 10%
-------------------------------
8. Notified details:
-------------------------------
A: Voting rights attached to shares
Class/type of Situation previous to the Resulting situation after the triggering
shares Triggering transaction transaction(1)
(1)
if possible
using the ISIN Number of Number of Number of Number of % of voting
CODE Shares Voting shares voting rights rights
Rights ix
viii Direct Direct Indirect Direct Indirect
x xi
GB0004630454 16,322,123 16,322,123 16,322,123 10.02%
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of Expiration Exercise/ Number of voting rights that may % of
financial date Conversion be acquired if the instrument is voting
instrument xiii Period/ Date exercised/ converted. rights
xiv
Total (A+B)
Number of voting rights % of voting rights
16,322,123 10.02%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name: Hannah Smith
15. Contact telephone number: 0203 205 6623
Annex Notification Of Major Interests In Shares xvi
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal Singer & Friedlander Investment
entities) Management Ltd
Contact address (registered office for legal One Hanover Street
entities) London
W1S 1AX
Phone number 020 3205 6623
Other useful information (at least legal
representative for legal persons)
B: Identity of the notifier, if applicable xvii
Full name
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or
legal entity subject to the notification obligation)
C: Additional information
This information is provided by RNS
The company news service from the London Stock Exchange
lanayel
- 03 Apr 2007 16:42
- 20 of 50
03 April 2007
Intelligent Environments plc
Release of preliminary results
Intelligent Environments Group plc ('iE') is pleased to confirm that it will
release its preliminary results, for the year ended 31 December 2006, on Tuesday
17 April 2007.
not forgetting this from the January trading statement:
The revenue momentum highlighted in iE's Interim statement has continued through
the second half of the financial year and revenues for the full year will be
ahead of market expectations. This significant revenue growth is expected to
deliver the company's first profit as a public company, which is in line with
market estimates. The cash position of the company has also improved with net
cash funds standing at 0.9 million at the year-end. This equates to an
operating cash inflow for the year of 0.6 million.
could be one to follow closely in the next couple of weeks.
Ian
gordon geko
- 10 Apr 2007 09:16
- 21 of 50
into new highs I paid 12p ages ago can see my money back soon and then the prospects were much worse these are worth 20p IMHO
lanayel
- 10 Apr 2007 09:48
- 22 of 50
Excellent start to the week.
Looks increasingly likely that the results next week (when the company will announce it's first ever profit as a public company) will mark a significant change in the market's perception of IEN.
Gordon ... 20p could well be on the cards at some stage this year !!
Ian
ptholden
- 10 Apr 2007 09:51
- 23 of 50
Bought these back in 2004 prior to the Shares Mag tip, quite happily sold out on the back of that, but then recommended the stock to my Share Club at 10p ish. Have been suffering stick for over two years now because of that recommendation, so good to see them above where they were. At the very least they should reach the previous high of 14.5p. Quite a remarkable turnaround over the last 12 months.
pth
gordon geko
- 10 Apr 2007 10:24
- 24 of 50
can see them on a roll to results next week can see 20p here to and more to come today
happy days at last .....
shame i didnt average down tempted to buy more today though ??
miner49er
- 10 Apr 2007 13:04
- 25 of 50
I think that depending on newsflow these will get to 14.5 by the time of the AGM (end of June) when the chairman usually makes a statement. I agree that 20p is highly possible later in the year.
lanayel
- 10 Apr 2007 14:24
- 26 of 50
An interesting article from the 5th April:
Only one way to go at Intelligent
05/04/2007
Long-standing subscribers will not need reminding about Intelligent Environments (IE). I tipped the shares here just over two years ago at 11.6p, only to see them hit an air pocket and fall to around 3p over the following year. They are now back to 10.88p (spread: 10.5p 11.25p) and I am tipping them again. Quite simply, all the promise I saw in the shares two years ago is about to become reality in 2007.
There are two particular reasons for buying the shares now. One, a cross in 3.9 million shares on Wednesday is believed to have cleared out Close Brothers, whose remaining stock was seen as a potential overhang: the stake is believed to have gone to insurer AXA, which announced a seven per cent stake some weeks back. And two, the 2006 figures are due to be announced on 17 April. I believe the trading statement accompanying them will be hugely positive for the share price.
IE produces e-banking software. In the past year it has picked up or implemented a host of new customers sometimes directly, sometimes through some very productive partnerships with card services and software businesses. Top names now include Barclaycard, Royal Bank of Scotland, HBOS, First Data International and Principality Building Society. IEs NetFinance product allows instant online applications from customers and immediate decision-making, real-time account management, integration with call centres and internal workflow, and connections to many other distribution channels.
The company turned in a small profit at the halfway stage to the end of June last year and recently announced it was set to deliver a maiden full-year profit. Importantly, it is now starting to generate cash around 600,000 of it in the past year and appears to have finished 2006 with 900,000 in the balance sheet.
The statement on 17 April should make excellent reading. Principality Building Society went live with NetFinance last month and there are a number of other customers who will make a big impact this year. Gauging the precise numbers depends in large measure on the progress being made with Barclaycard, but house broker Dawnay, Day is forecasting a profit of around 700,000 for 2007 and 1.2 million for 2008. That translates into earnings of 0.5p and 0.75p per share respectively.
The numbers almost certainly err on the side of caution (and why not after the events of the past couple of years?). IE generates huge margins on its software. The problem, to date, is that there have not been enough customers to cover overheads. Now revenues have crossed the profitability threshold. That means most of what follows will drop straight through to the bottom line.
At the current price, the company is valued at about 18 million. There is scope for a quick 50 per cent uplift and further progress thereafter. This is one to pick up in the coming week before those figures on 17 April.
ptholden
- 10 Apr 2007 15:17
- 27 of 50
Back in again today, although my trade hasn't been reported yet. Looking for some upside during the run up to Results and then I'll think again. Should be an exciting week.
pth
ptholden
- 10 Apr 2007 15:24
- 28 of 50
I especially like those X trades; there is a thread somewhere on the implications of large X trades traded in small caps, generally they herald a significant increase in SP value as any overhang clears. Since my last post my trade is already in profit :)
(I hope it stays that way)
pth
gordon geko
- 10 Apr 2007 15:42
- 29 of 50
I just bought some more can see this continuing for a little while as plenty of demand for the shares even the institiutions which is not that common for such a small stock 20p is my target at least 15p before results
miner49er
- 10 Apr 2007 15:59
- 30 of 50
I think you'll see profit taking soon as the chart is a near-vertical line. At what price that profit taking occurs is the $64000 question!
gordon geko
- 10 Apr 2007 16:26
- 31 of 50
can see 20p being an emotional resitance level but nothing before that as lots of shares tied up with institiutions and directors the level of free float is pretty low so decent levels of demand for little stock will drive price quite quickly can see gains tommorrow too
gordon geko
- 16 Apr 2007 09:12
- 32 of 50
was hoping for +ve start to today not sellers ??
s040371giles
- 16 Apr 2007 15:24
- 33 of 50
Not many trades today - everyone waiting for results tomorrow? Tempted to buy more myself, but will wait and see what happens.
Steve
gordon geko
- 17 Apr 2007 09:21
- 34 of 50
good set of results some profit taking first thing should recover later today as good set of results contract win and order visibility 15p still my short term target
profitmaker
- 17 Apr 2007 11:22
- 35 of 50
Gordon, I thought greed was good for you. Once we digest the results, this will start to fly. First profit, positive cashflow,new contracts, rising sales with little extra costs - all adds up to a company going places. I would be surprised if this wasn't 20p by end of May, my year end target is 35p. On iii someone has said 75p but I can't see where that's coming from. I'll take it though. Anyone else feeling as optimistic as me?
miner49er
- 17 Apr 2007 16:39
- 36 of 50
75p is a crazy figure and sounds like ramping. 35p is on the high side but achievable maybe in 2008. I'm looking at 16.5p within 3-4 months and 24-25p by next January.
gordon geko
- 18 Apr 2007 10:19
- 37 of 50
miner those sort of figures would be more relalistic I can see sales up 50% which could add 500k-1m to the ebit figure for 2007 therefore eps could be 1p ish and being 20p wouldn't be unrelistic this would discount the fact that currently almost 1m of the valuation is cash they could generate 1m next year too 20p would give them a markt cap of 30m or a p/e of around 28 which isn;t too high as they have plenty of losses to mitigate any taxes thats my thoughts anyway
I can see the SP recovering in the next week or so to 13p ish and also expect directors to buy again after the closed period as they are regular buyers if you look at history
miner49er
- 18 Apr 2007 13:47
- 38 of 50
Gordon, I totally agree with what you've said. The plunge was on the cards after a nearly vertical climb and limited selling before the results. Don't discount getting stuck in the 12-15p area and the price forming some kind of continuation pattern before heading up to 20p and beyond. We might be in this range for a month or three or alternatively we might see resistance in the 15-20p area.
I think that earnings could reach 1m this year as a lot of the past projects start to hit the bottom line. They mentioned difficulty in hiring IT staff and someone over on advfn found an online job advert for iE where they were looking to pay 350 per day instead of 30-50k per year. Hopefully they can recruit staff for 50k a year instead of opting for emergency workers and hence reduce costs.
The new contract win mentioned in the results looks fairly big and it's getting to the stage where a few more of these will see IEN sitting in a very pretty position.
gordon geko
- 18 Apr 2007 15:32
- 39 of 50
decent buy of 250k just gone through could finish on positve ground today and then build from their did it get any coverage in the papers today ??? shares magazine out tommorrow hoping for an update you never know ??
miner49er
- 18 Apr 2007 17:30
- 40 of 50
I searched on google news but apart from a very brief and uninformative mention yesterday there's nothing. I think the selling has more or less dried up and that 250k buy shows that there are buyers at these price levels.
gordon geko
- 19 Apr 2007 11:13
- 41 of 50
price now stabilised in my opinion the profit takers and those that thought it was toppy have gone too move on to 15p from here imho
gordon geko
- 20 Apr 2007 11:27
- 42 of 50
couple of decent buys as the price ticks up again today 15p before too long at this rate
miner49er
- 25 Apr 2007 14:42
- 43 of 50
These might perk up towards the AGM on June 29th if there's no news between now and then.
gordon geko
- 02 May 2007 11:12
- 44 of 50
dont like directors selling or taking profit like this ....
its ran out of steam in my opinion need some more good news to get back the momentum
miner49er
- 02 May 2007 15:08
- 45 of 50
Phillip Blundell got 'financing' to buy his shares, so I'm not so sure that this is such a bad move. Did he buy at a much higher price? I think the news is a bit of a storm in a tea cup.
I agree with you Gordon regarding the good news, hopefully there will be some at the time of the AGM. I note that there's been a pattern of announcements coinciding with company updates recently (Unisys at the trading update, Creation with the final results).
gordon geko
- 01 Jun 2007 09:21
- 46 of 50
looks like going to hold the 9-9.5p level as all the sellers gone just need some contract news to get it back to where it should be ie 10-12p+
when is the AGM ?
miner49er
- 04 Jun 2007 13:34
- 47 of 50
27th June, so should see some movement from the end of the week onwards. I'd like to see profits exceeding expectations to provide a boost to the SP. The 2008 forecasts still have scope to be raised IMHO.
miner49er
- 21 Jun 2007 11:34
- 48 of 50
Contract with West Bromwich Building Society today, plently of other customers in that area to go after. That's 3 contracts in the first half, two of them building societies, and a repeat showing in the second half will see the shares hit the high teens IMO.
The West Brom deal came about via their partner Unisys, the previous Creation contract was secured through the Certegy tie-up and Barclaycard came from First Data International. These partnerships are starting to really yield fruit which is fantastic news.
gordon geko
- 22 Jun 2007 09:50
- 49 of 50
just needs some momentum in my opinion looking for to trading statement at AGM and could be another win to annouce then too 15p in next three months is my guess..
gordon geko
- 27 Jun 2007 09:01
- 50 of 50
good stmnt lets hope for some volume and momentum to carry us towards the interimas in september ...
Intelligent Environments Group PLC
27 June 2007
INTELLIGENT ENVIRONMENTS GROUP plc
ANNUAL GENERAL MEETING
PRE-CLOSE TRADING UPDATE
Intelligent Environments Group plc ('iE' or the 'Company'), the online software
provider for the consumer banking market, today announces a pre-close trading
update for the six months to 30 June 2007.
At the Annual General Meeting of iE today, Chairman Clive Richards, will make
the following statement.
'In the Company's 2006 annual statement released on 17 April 2007, I commented
on our focus in securing long-term partnerships to maintain our revenue momentum
and help iE expand into new markets and geographies. This strategy has seen
significant progress in the first half of 2007. Our partnership with Unisys,
announced at the start of 2007, is progressing well as evidenced by the recent
contract award with the West Bromwich Building Society. Two of our major banking
clients have concluded partnership agreements in Europe and the Middle East for
the roll-out of our software and the first phase of the Barclaycard contract has
been successfully implemented.
These partnerships have contributed significantly to our revenue momentum, which
we expect to see increasing by approximately 65% to 2.95 million, for the half
year ended 30 June 2007.
This revenue increase, which is primarily driven through consultancy revenue,
will result in an operating profit for the period of approximately 0.20
million, compared to a profit of 0.14 million in the first six months of last
year.
The uplift in operating performance has directly affected the net cash position,
which will show a positive balance of approximately 1 million at the 30 June.
The cash position at the start of the financial year was 0.87 million.
The Company will report its interim figures in mid-September.'
The Company's interim results for the six months to 30 June 2007 will be
reported under IFRS. This will be the Company's first time reporting under IFRS
and the impact of IFRS adoption is currently unknown and has not therefore been
taken into account in the above commentary.
Press contact:
For iE: Phillip Blundell, Chief Executive 020 8614 9800
For Dawnay, Day: David Rae
020 7509 4570
For Conduit PR: Christian Taylor Wilkinson, Charlie Geller
0207 429 6666
This information is provided by RNS
The company news service from the London Stock Exchange