www.intercede.co.uk

Intercedes flagship product is the MyID system.

MyID is the ultimate smart card and identity management platform. MyID enables Corporate, Financial, Government, Pharmaceutical, Healthcare, and Educational organizations to efficiently enrol, quickly issue and effortlessly manage the lifecycle of smart cards, USB authentication devices, biometrics and identity credentials. MyID is already integrated with the most identity technologies and systems so that an organization can immediately start issuing smart cards and smart card-based devices to their employees. These devices can then be used to securely access both physical and logical resources.

Intercede is currently working on or negotiating on 10 projects. Previously, it has supplied ID card security solutions for NATO conferences and is currently rolling out hundreds-of-thousands of ID cards, with a partner, to US port workers.

Well worth a look, and a punt.

sp ticking again, I don't think mms hold much stock because even small transaction have an impact.

What a good looking chart, it is in a uptrend now and also shows the old dead cross back in July, and the latest gold cross in January.

Interesting to see a large buy order of 22,727 going through at 15:30 at 44p. The spread was 40p to 42p at the time, so someone was very keen to get hold of the shares. The weaker the market becomes the stronger the sp becomes, unfortunately it's the only one I hold that I can say that about.

IGP issued a trading update on 2nd April, and the sp increased 2p tp 44p, see below. This is strating to look very exciting indeed. imho.

Further to Intercede's Trading Update on 5 February 2009, we are pleased to report that the Company is continuing to experience high levels of interest in and demand for its MyID technology.

Pre audit indications of the results for the year ended 31 March 2009 are that revenues are likely to be more than 90% ahead of the previous year's reported revenues of 2.8m. A full year profit has been achieved for the first time in the Group's history and earnings before interest and tax are anticipated to exceed 1m. As a result of this performance, the cash balance at 31 March 2009 was 3.7m, compared to 1.2m at the same time last year.

This acceleration in Intercede's growth reflects the continued momentum from the Company's involvement in an increasing number of projects around the world with a consequential increase in revenues from software license sales, associated support & maintenance and the delivery of ongoing professional services assistance.

Intercede Chairman and Chief Executive Richard Parris said, 'I am pleased to report a strengthening in demand for Intercede's products from both national governments and large enterprise customers. This is generating attractive financial returns at a time when general economic conditions around the world are difficult.'

Intercede expects to announce its full year results for the year ended 31 March 2009 by mid June 2009.

Contract win see below.....................

New European Government Contract

Intercede, the producer of the MyID Identity and Credential Management System (IDCMS) software, is pleased to announce that it has received an order from a European Government Agency. The total value of the contract is estimated to exceed 0.5m including MyID software licenses, professional services and support & maintenance through to 2012. At least 0.2m is expected to be recognised as revenue in the financial year ending 31 March 2010.

This project concerns the secure issuance of smart card based identity credentials to government employees who undertake sensitive citizen-facing business processes.

'Thisnew order further demonstrates the progress that Intercede is starting to make within the EU', said Richard Parris, Intercede's Chairman and Chief Executive. 'It provides strong evidence that Intercede's MyID software is rapidly becoming the first choice for government identity projects around the world.'

up 14% to 44.5p after the contract win announcement.

igp had been marked down earlier in the week due to concerns that the UK id scheme would be cancelled. I'm sure it will, but I believe this wasn't in the price anyway because it's known that the Tory's will cancel it when they come to power.

See below a summary of the Final results released today, the shares are up 3p to 46p but still worth researching this one further if anyone is interested. Statements don't come much more bullish than this one.

Identity software firm Intercede more than doubled sales revenues and moved into the black in the year to the end of March.

Sales revenues rose to 5.7m from 2.8m with the firm posting a pre-tax profit of 1.4m comapred with a loss of 0.2m last time.

The firm had cash balances of 3.7m (2008: 1.15m) and convertible loan notes of 1.9m (2008: 1.8m) at the financial year end.

It said all external borrowings had been eliminated following the decision of the convertible loan note holders to convert their loan notes into equity.

Chairman and chief executive Richard Parris said: "This was the year when Intercede bridged the chasm between market opportunity and commercial success, resulting in a rapid increase in profitability.

"We have spent a number of years laying the foundations for future exploitation of the identity security market, which we always believed would present a major commercial opportunity.

"Demand continues to be strong and, with cash in the bank and a healthy pipeline of business, we are extremely optimistic about our future prospects."

Nice write up of last weeks interims in IC today . Tipped as a BUY:

http://www.investorschronicle.co.uk/Tips/Buy/MiniTips/article/20091215/c5fb3e38-e967-11de-8ea1-00144f2af8e8/Intercede-in-good-shape-to-expand.jsp

Yes very good write up, we just need to see this Actividentity case concluded now
then we should see a stronger performance.

Intercede beats forecast and eyes "explosive growth"

Thu, 05 June 2014

Identity cards group Intercede has broken back into the black, with revenues rising even higher than a recent trading update had suggested.

The company upped investment in infrastructure, technology development and sales capacity, and said it intended to continue to pursue a "considered" programme of investment in corporate infrastructure to provide it with the scale to take advantage of trends it perceived as stoking its markets.

Sales revenues rose 45% to £9.8m, higher than the 40% expected and, with operating expenses up to £9.4m from £7.5, meant the AIM-listed company produced a £0.8m profit compared to a comparative loss of £0.6m the year before.

Significant contract wins included a large-scale US government transport security programme, two of the top six global aerospace and defence companies, and flagship mobile identity contracts with North American and German telecoms companies.

Chairman and Chief Executive Richard Parris said these major contracts will provide a "stable base" of revenue, with additional scope to grow as Intercede wins further such contracts.

He added that the newer "cyber security" market that was increasingly providing larger opportunities for growth.

"The trends we are seeing here suggest the market is on the edge of potentially explosive growth: the traditional password becoming obsolete, the proliferation of mobile devices to conduct more and more daily lifestyle functions and the increasing number of business services being conducted online.

"All require highly sophisticated forms of trusted identity, the cornerstone of cyber security, and this is an area in which Intercede is a leading provider"

As such, and with net cash standing at £7.2m at period end, he said management intend to continue to invest in the business.

Broker FinnCap said: "Intercede is, in our opinion, the evident go-to provider for credential and identity management software, with opportunities expanding with accelerated investment: we review forecasts to increase revenue and investment expectations. We lift our target to 220p."

Shares in Intercede were up 4.6% to 75.2p just before close on Thursday

This could be interesting over the next few days or so.

A couple of excellent additions to the Board recently, nice contract win since last trading update on 5 April and final results due early next week.

DYOR of course but I've had a nibble at 60p.

:o)