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.

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.