tipped in todays share mag at 10.37p.....anyone any opinions on this share?

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

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!

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

was hoping for +ve start to today not sellers ??

Not many trades today - everyone waiting for results tomorrow? Tempted to buy more myself, but will wait and see what happens.

Steve

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

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?

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.

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

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.

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 ??

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.

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

couple of decent buys as the price ticks up again today 15p before too long at this rate

These might perk up towards the AGM on June 29th if there's no news between now and then.

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

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).

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 ?

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.

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.