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?

Final Results

Financial Highlights

· Annual revenues up 5% to £30.3m

· Second half revenues up 14% to £15.8m

· Operating profit before exceptional items up 123% to £2.66m

· Adjusted Diluted earnings per share tripled 25.0 pence per share

· Final dividend 5.0 pence per share making 10.0 pence for the year, up 33%

· Proposed special dividend of 70.0 pence per share

Operating Highlights

· 14 new camera variants released

· Camera GatewayTM software launched, providing a truly open system

· 3 year product and technology roadmaps developed

· All sales regions achieved higher operating contributions

· Management changes implemented


http://www.moneyam.com/action/news/showArticle?id=4453090

75p divi coming up on the 31st Oct '12. Looks like the sp is going to take quite a big hit after the event, judging by the steep rise pre-divi.

Nasty fall.

The fall creates an opportunity to pick up stock at an attractive valuation.
The shares trade on just ten times earnings for the year that ends in July 2013., based on earnings per share estimates from broker N+1 Singer of 32.7p. A 9% advance in EPS to 35.6p for July 2014 takes the forward price /earnings ratio (PE) down to 9.2. This one may rally. Earnings might be back-end loaded this year, but a PE multiple of ten looks too cheap, especially when a decent yield is taken into account.

up nearly 6%

IC today has a six month target of 490p

Interesting "gappy" chart.