ITK is a profitable company with good potential on the next generation telecom microwave circuits,

The profits fcast for 2003, is 1.4M and EPS of 1.4p with the shares at 6.625p they trade on a PE of less than 5 falling to below 4 for next year.

The share price before the warning about a delayed 1.5M contract was between 10.25p and 12p, but the contract has been won since for double the amount 3M and pluss two more contracts worth over 2.3M and $1.5M.

So one can see, the shares should be worth much more than the price it was before the warning.

26th October 2007. Meeting of shareclubuk.co.uk Investor - Members to review Intelek plc (ITK-AIM) club notes..

16th October 2007.Swedish IP header compression Effnet AB, a subsidiary of Effnet Holding AB, said on Tuesday (16 October) that it has signed a licence agreement with the UK-based satellite communication equipment and solutions supplier Paradise Datacom Ltd, part of Intelek Plc.

14th September 2007. AGM trading update
Paradise Datecom, will also benefit from delivery of half of the $1.5m China modem contract Their second half year should also start positively following
the recent award of a $0.9 million order as the first tranche of a $1.2 million modem programme for a Government customer.

CML continues to benefit from the strength of its programmes, particularly the A320 and the Hawker Beechcraft corporate jet, and after five months is comfortably ahead of the same period last year. Further progress has been made in their strategy of increasing the diversity of their aerospace programmes.

Labtech has responded well to the actions taken at the turn of the year.
Expectations for the half year are still at the breakeven level (2006: operating loss of 0.3m) on lower sales with improved trading in the second half. Order inflow was 49% ahead of sales in the first five months. It is particularly pleasing to note Labtech's success in winning 1.3m of orders for assembled and tested microwave circuit boards for European AESA (Active Electronically Scanned Array) radar manufacturers. These orders were announced in June 2007 and are an example of Labtech's progress towards more specialist higher value added circuit assembly and test.

Clubs notes. Paradise Datacom, CML and Labtech are all trading positively with strong order inflow. Inteleks share price is holding steady and the club is showing a proven 18.44% profit. At this stage I cant see any reason to change anything about the company, as its trading solid new business wins which will drive Intelek in the right direction. So I will take advantage of the situation as the share price is trading at a discounted rate.