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.

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.