IND is 20% up today on some chunky purchases by directors, including Hamish Grossart who is a smart operator. Shares have not been doing anything for some months now after a big spurt last spring.

Does anyone have any info about this company? I only know that it is a software company and historically has made enormous losses. So is it in a turnaround situation and about to break even? Which software sector is it in?

Porky ..... I don't especially take issue with your view, even though i hold IND ..... however, as i mentioned earlier, being such a new company, it is almost imposible to apply the usual yardsticks ..... so, whether or not this share is overvalued as you reckon, or more likley to continue its upward path is perhaps more conjectural than usual.

However, if you look at the chart i have just put in, sp has surged through the steadily rising 200 dma, and on that basis with the clear upward momentum, i would disagree with your prognosis.

black = 200 dma
green = 50 dma
red = 25 dma

cynic .... you are talking bollocks yet again! ...... This isn't a new company at all, though it would seem to be the first time it has broken into profit for the whole year!

For all that, I still hold that the share is not overvalued, or more prosaically, it has strong upward momentum behind it, which tends to self-fulfil.

The CEO's bullish trading comment gives added confidence for he would not have made it if, 2 months down the line when the figures are formalised, he was found to have fallen short ....... "We expect rapid growth to continue in the first half of the current year and are confident for the year as a whole ....."

A friend sent me this link with the message "read this regarding indigo
You will never sell after this ...."
http://business.scotsman.com/technology.cfm?id=1361972006

Savoy.
You must be his twin, and yes I do masturbate,, but not in public, they might get jealous.
I notice the share price is getting away from you today, please don`t wait any longer climb aboard and enjoy the ride..
Cheers.

600p offered and rising ..........................

Savoy old bean ...... it's gone a bit pear shaped

;o)

ludicrously low volume though

lest anyone should be interested, i banked my profit this morning (580) as volumes are so low that it will not take much boredom by holders to see the price tumble whether really warranted or not

lest anyone should be interested, i banked my profit this morning (580) as volumes are so low that it will not take much boredom by holders to see the price tumble whether really warranted or not

You either believe in the long term success of the company or you move on.
Simple as that really.
I should remove it from your watch list, as you are likely to be disappointed on the upside.
Good to take a profit though.
Cheers.

porky .... it was a very nice profit thank you and no one ever went bust taking one ..... nevertheless i shall keep my eye on the stock as if Wall Street sneezes much harder, then there could well be (likely to be) a similar knock-on in London ..... then buying opportunity of one has the funds to hand

IndigoVsion Group plc

AGM Trading Update


The following statement is being made by the Chairman of IndigoVision at the
Annual General Meeting scheduled for 10:30 am today:


'Following good growth last year, trading has continued to be strong since the
year end with markets continuing to develop, and last year's rate of growth
continuing into the first quarter.


Sales for the first three months of the current financial year are around double
that of the corresponding period last year. Margins have continued to be robust
although a little below last year's levels, and better than anticipated given
the much greater sales volume. Overheads have also risen as the rate of
increase in sales and marketing expenditure has been stepped up to make sure
that IndigoVision takes maximum advantage of the opportunity before it. The
continuing market shift from analogue to internet protocol video augurs well for
the remainder of the year, and the Board remains confident that substantial
sales growth will be achieved this year, with a concomitant improvement in
operating performance.'

flying over 700p today.

Ian

thanks for waking me up Ian .... had forgotten all about this little gem ...... certainly has rocketed but on very low volume ..... great care and watchfulness required with this stock as it is very illiquid.

have updated the chart above ..... should be good support at 640, at least for the time being until 25 and 50 dma diverge

here's one to revive! ..... thanks Shares Mag! .... had forgotten all about this little gem

cynic.
Shame on you forgetting, as you rightly say, this little gem.
Have held and still hold, but I have sold in the past and made good profit, but I am now in for the long term, and I shall not be selling any more, come hell or high water.
Get stuck in.
Cheers.

held them several months back and took a decent turn, but will consider buying again, thohygh not sure what i would dump from my portfolio to make room.

Everything.lol

Having it`s usual strong run today after a setback yesterday.
Always seems to move in 5p jumps, nice when it jumps the right way.
Hope you haven`t missed the boat Cynic.
Cheers.

Strong again this morning.

This could be the start of the assault over 1000p

Ian