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?

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.