IHG ABOUT TO BOUNCE

[method]

Following a disappointing year end result the stock has dropped 50% from pre announcement.

Have accumilated a significant holding at under 30cps.

Expecting stock to bounce back to 50cps as the current depressed share price is the result of traders realising their losses.

Going forward IHG has significant orders on their books. They compete in the same market as PVO on the NZX. They have established an international client base. Long term prospects are excellent as units installed continue to generate income from lease payments and maintainance contracts.

Medium term expect some discounted capital raising.

[Watson]

Hi Method........Just checked out this stock.......

Current net cash in bank just over 3 million...and they took a substancial loss for HY04 of 15 million
Revenues up 44% on previous period.
So why such a loss??

Some questions for you..........
So I assume the product is a mobile transaction device???
Sounds like the next wave of merchant transaction device?
Is it along the same lines of Advantage but better technology?

I see that they have orders in the vicinity of 80 million in the pipeline ...i have added this one to my watchlist and am considering a purchase.
Looks like their technology has world wide recognition and is being adopted by many foreign countries.....
Cheers Watson

PS...HOW MANY SHARES ARE ON ISSUE

[method]

the main product is point of sale technology. their main customers are service stations/retail. GPG took a 25% cornerstone holding at 25cps mid last year.

unlike pvo IHG owns the technology.

[Watson]

Thanks Method....I see GPG had increased their holding from 14% to 20 % of current issued capital (250,000,000 shares) 2 months after buying in at 25c/share.

Now to pick the bottom....last trade @ .26c

Looks oversold on charts but the question is where will it finish up.....

I would be surprised if it goes much lower to be honest.

I would expect a great improvement for FY04 with all the sales orders
After reading their HY financials i see that recievables are sitting at 17 million......Cheers Watson

[Watson]

Hey Method...picked up 50000 at 25 ....as i believe that is the bottom...should rebound from there.....
I think that the global recognition should see success and good cashflow for E.O.Y 04 especially with 80 million in sales generated ....and the other thing is that i do not see any of the larger shareholders showing any interest in selling their holdings.....Cheers Watson

[method]

good choice at 25 as bidders starting to consolidate at 26.5.

should give a 12-20% return by next week.

[Watson]

Hey Method

Good to see that PACKER and GPG are not selling....I think the major shareholders see the significance of IHG positioning themselves globally and with the unattended device starting to sell like hotcakes , the future looks very BRIGHT indeed
The deal with VISA will be huge in the context of things ..and the exposure at the Olympics will be a good platform for more sales.....

Since my last post I have done more research and even though the half year was not that impressive (14 mill loss bearing in mind 7 mil was tax which is recoverable thanks to some creative accounting") many orders were not filled due to delays in approvals /and the training of staff to commission systems etc.....

There is so much global recognition for their products that the current deals totalling 80 mil are a mere fraction of what they can achieve..
One of their announcements stating the deal with "Shanghai Posts and Telecommunication" to supply 10,000 PRESTO 210P A.T.D.s had the potential to grow to 2 million devices over the next 3 years as the Chinese Govt is committed to developing a payment infastructure and moving to the new EMV standards.

On another matter I see that the top 20 major shareholders own 90 % of the company......a very good sign indeed........Cheers Watson

[winner69]

This fella multiwave on ozestock seems pretty keen on IHG -
http://www.ozestock.com.au/MessageView.asp?PostID=340756&Symbol=IHG

The "Tea Lady" ( Bless her soul ) shrewd as she is being privy to many boardroom dramas in her time, mustn't be intending to grace us with her presence for too long.

Being a mid-long term investment, the financials certainly display characteristics of many companies at a similar stage of their lifecycle. Wonder whether IHG would be hiding anything considering they have stripped the financial position to the bone i.e.: deferred tax assets.

One would imagine,considering the nature of the business such expenses and ramping up would not be cause for concern.

Globalisation strategy = expending capital to implement strategy.

Training additional personnel ( Technicians ) to commission systems = may have contributed to customer timing issues.

Customer timing issues were mentioned more than once..first on page 1 paragraph 2. Were they to be hiding anything they could've let us scour through the fine print on page 5.

In today's cashless society any business in a developing economy or any economy for that matter would be committing a great injustice to themselves in not paying a chosen partner of VISA INT. who together with MASTERCARD and EUROPAY formed the EMV platform allowing the interoperability among different payment systems throughout the world, being secure and fraud resistant. Their motto is......to quote a famous leader..." Your either with us or your against us". That gives cornering the market a new meaning!

The ORACLE from OMAHA ( BUFFET ) holds VISA stock and some 18 months ago was issued "convertible bonds" to the tune of US$800 million paying 10% . .from the 3rd largest fibre optic network in the states.Upon conversion, that's over 30% of the company.

Note: The telco/carrier market was depressed at the time hence the negotiating power.

With billions of transactions on the EMV platform anticipated that amounts to a lot of data traffic on those fibre optic pipes!! especially now that IHG is aggresively target the North and South American markets. That must surely give double dipping a new meaning!!

With IHG focusing on recurring revenues ( Percentage of transactions ) shareholders must be salivating at the thought of those fat transaction fees on all the GOLD/PLATINUM cards!!

Hopefully the "TEA LADY" hasn't been too extravagant of late!


Cheers
M/W

[Watson]

Article from NZ Herald ..Copied from another site

Retailers will have to replace 35000 EFTPOS terminals by the end of next year in a move to crackdown on fraud..for electronic payments developed by the main credit card companies known as EMV ( Europay,MASTERCARD,VISA)
About 35000 older terminals will have to be replaced by january 2006 and another 50000 terminals will be replaced by 2008.

The changeover would be one of the biggest technology upgrades for retailers had faced for years..he said the current conversion to EMV terminals was still low.

The retailers association are starting a campaign in May and banks such as WESTPAC are writing to retailers as you wont be able to suddenly get 10000 units in november...december worldwide...about 40 million units..terminals will have to be replaced..this is what IHG.. HAVE NOW IN POSITION THE EMV STANDARD....I do not know how many units AUSTRALIA needs to replace plus the sales...it must be huge..

We are in a hugh upturn of sales of these devices...no wonder GPG bought into this company..just goes to show when you have insider information..also PACKER must be aware of it...cheers


Time will tell.....Cheers Watson (holder of IHG)

[Noddy]

No bounce yet. Now down to 20.5. IHG got as low as 17c around June last year so I expect we will see more tax loss sellers coming up.

Unfortunatly IHG just seems to be one of those stocks that never comes up with the goods. Whilst growth in their sector is good they also face strong competition.

[clearasmud]

Noggy,

CTL and PVO better bets?

[Watson]

Looks like we got the bounce.....up off 20.5 on yesterdays close.....
Buyers at 22 sellers 22.5
If it can hold at these levels at the close then next week should see some more movement.....Cheers Watson

[method]

clearasmud

although both ctl and pvo have their positives, neither can compare to IHG at this point in time as fundamentally IHG is the superior stock which has come off it's highs due to trader selling.

pvo is a retail stock who does not own their technology, they are reliant on a single major supplier with the majority of their leasing customers comming to the market within the next 2 years.

ctl is a manufacturer/retailer/developer which is significantly underfunded and who has a major shareholder/controler wanting to sell out. they have a history of issuing shares at a significant discount to market value, and in the past has had to issue stocks to meet interest payments on their capital notes.

both pvo and ctl have significant lead times which is typical of the industry, this is prsonified in pvo as the company is not a manufacturer and relies on their us supplier, this is why they are trying to intice their exsisting customers to place their replacement orders. ctl on the other hand does not have sufficent working capital to meet the market demand, without a major cash injection ctl will die a wannabe before the 2005 goldrush.

if you want a pure play such as pvo check out australian pure fruits which owns dialtime pty this is the coy which setup the ctl deals in oz but has now dumped ctl due to their long lead times.

good luck

[Watson]

Looks like the big boys are BACK as the share price hit back at 24c at the close.......someone bought 4 million at the close.....

So all those suckers that bought at 25c and sold below due to the selling pressure will be kicking themselves....oh well lets see what happens tomorrow......cheers Watson:D:D:D

[Watson]

Shareprice looking very good indeed!!
Currently holding at 26c
Needs to get above 27 and next gap to fill will be over 30c

Buyers moving in again today...should hold up at the close.......Cheers Watson:D:D

[clearasmud]

I'm in too!Thanks Method for your reply.I like this co's massive

potential.I just hope they finally start delivering.
Australian Pure Fruits didn't appeal at its price.
disc: bought 150,000 IHG recently.Also got heaps of PVO.

[Watson]

Clearasmud.....I think IHG will deliver and the timing couldnt be better as there is now the demand for next generation electronic payment devices based on security issues with existing ones.....especially the fraud situation with credit cards.
The new devices which are EMV standard allow for secure PIN numbers for credit cards etc as opposed to the old way which meant credit card fraud was rampant...

Now all they have to do is deliver on their 80+ mill orders and push their revenue up 300%
Should be attainable ...historically the company have had the revenue streams but failed to show large NPAT due to the competitive margins in the industry......
The difference with the next generation of payment devices and the deal with VISA they will recieve % payment from transactions as well as the supply of their globally accepted product.
Cheers Watson

[clearasmud]

Watson,

Once the good news starts arriving the sp could easily multiply!
Just going to sit back now and enjoy the ride.

Cheers
c.a.m

[method]

couldn't break 28cps resistance.

have any technos done an analysis on this coy?

[clearasmud]

Grinded up slowly on low volume back to 25cps
M are you still optimistic about IHG?

[method]

Still holding.

Maxed out long term portfolio (3-5 years) IHG now makes up 20% of portfolio.

Medium term (1 year plus) IHG makes up 5%.

Waiting on volume to build before i start trading as the stock is currently following us trend don't know why as fundamentals are better than that. maybe us traders have IHG in play.

Still forecasting 50 cps price post year end results.

[method]

good up trend with new support level at 27 cps.

[winner69]

Suppose todays announcement will see it head back to 20 cents?

[method]

bugger

[littletee]

VERY VERY BAD ANNOUNCEMENT TODAY FOLKS!

I read it and from what I understood there was absolutely NO positive aspect to it whatsoever!

Feel sorry for holder.

Even at current market cap it still looks overvalued IMHO.

Good Luck

[Watson]

the only positive thing about this stock is that someone might buy the intellectual property very cheap...wonder if GPG (Brierly and co) will make a play for this company or mabey that is their strategy....
interesting that they are splitting up the company in terms of operations and management..the other matter is that GPG have provided bridging finance for the restructure and until the rights issue has been completed and to help fund immediate cashflow problems

I expect the issue will be in the vicinity of 50,000,000 mil shares to raise the projected 5-10 million.

I wonder what the issue price will be ??
My guess the way the SHAREPRICE is heading the issue price could be as low as 12-14 c per share
If its at 12c then 50mill(20% OF CURRENT ISSUED CAPITAL) will raise 6mil bucks.will that be enough .probably not ...they are cashburning and really need 10 mill.


The upside is that the major shareholders will get cheep shares to average down their losses thats if the share goes back up to around 20c....but we have to take into consideration the effect of dilution of issued capital on shareprice and earnings per share EPS.

Cant see if the majors are selling but we may never know if they are.

Bloody high rish at the moment ...shameas the market is there for IHG but they cant get their financials sorted.
Positives:
1) 90% owned by major shareholders(Brierly owns 25%)
2) restructure will save IHG 10mil per year in operation costs
3) Major shareholder comes to the rescue in the interim...after all it is a loan
4) Electronic transactions market is ready for a shakeup!!
5) IHG not persuing other markets as this costs money for certifications R & D ETC......
6)80 mill of orders secured but unfortunately the balance sheet has 25 million of DEBT....FU........CK!!!!!!!!!!
i HAVE SOLD OUT AS I DONT WISH TO LOOSE MORE MONEY AT THE MOMENT AND IT IS TOO RISKY TO HOPE THAT THEY WILL RETURN TO A PROFITABLE COMPANY IN THE SHORT TERM.......It will take probably at least 12 monts of trading to see if they can recover and return to profitability...
Cheers Watson

[littletee]

Nice summary watson!

[tracker]

16 seems to be holding which from what i understand of charting is the bottom line of resistance/support.Report was a shocker, and some large lines (read dumping) have gone thru, and lots of people either gonna make a nice trade or have very smelly fingers not too sure which at this stage,lol
any techie thoughts???
not much quality buying atm, altho this morn the depth is showing a little more substance
tracker

[Noddy]

Hate to throw more cold water onto this one but. Last year IHG got down to 17c due to tax loss selling in May/June. I would be very surprised if we did not see more selling around this time in 2004.

For those considering buying this stock I'd wait until late June.

[method]

I have done some serious evaluations and i'm holding. Will pick up shares to average down and take up rights.

Long term IHG will bounce. Shart term ?

[clearasmud]

Good on you M
Have already increased my holdings at these levels.Perfectly reasonable to expect a turnaround medium term.Why sell at the bottem.
M-GOOD LUCK

[Watson]

who says its at the bottom.........i would expect it to go lower..so watch out for more of a decline..charts do not look good

[littletee]

Personally I agree watson - I think it's a sure bet it's going significantly lower.

[Watson]

Yeah Littletee....glad I got out when i did ...I consider myself lucky that I only started looking at this stock when the shareprice was TRADING around 20-25c.
Even though I took a 15% loss ,my exit was based on clear fact that the company will not return to profitability for E.O.Y 04 and the balance sheets showing a 25million loss.....too b....loody scary for my tastes......i just hope others think twice about averaging down their losses as they might be increasing their losses ,hoping that it will bounce..........i still reckon the rights issue will be around 12-14c and if they are trying to raise 10 mill the issue will be around 80,000,000shares @ 12c = 9.6 million bucks and a dilution of 30% on existing current issued capital.
Historically the shareprice comes down tomeet the issue price once shares have been issued as ordinary shares.......I hope im wrong about this one but the situation looks bleek...."too much company debt and low margins on products means slow earnings growth"
Cheers Watson

[littletee]

YEP - I would steer way bloody clear of this stock folks!

Wait for some more news.

[clearasmud]

Down 30% on this stock. Ouch
Seriously,in general one doesn't make money investing in mature phase stocks.
Why do you suppose GPG invested into this co? Because of its massive post-restructuring potential! GPG rarely make a mistake so one could do worse than follow GPG.Or play safe and just buy GPG stock.
Possibly this share could reach $1-$1.50 inside 2 years!
Like oilers IHG won't die it just issues more shares.
Electronic payments are a growth industry and IHG is well positioned to benefit as it one of only 2 visa approved manufacturers.
Don't rush in now though just watch and gather info.
I'm following your plan Method although I think I'm already full-up with IHG
Good luck

[littletee]

LOL you're kidding me right LOL!!!

Yeah and Murdoch and Packer never make mistakes investing either........Oops, forgot about ONE lol!

I'd be VERY suprised if IHG survive, even on increased revenue last half they still turned a big loss!!!

Once again, stay VERY CLEAR of IHG folks......at least until some indication management can turn things around BUT I highly doubt they can!!!

[method]

converted all of my IHG trading stock into medium term holds to realise the tax losses and let hallen fund 39% of the loss.

Have averaged down significantly and will continue to do so as IHG has significant investment in intangaibles with a bright medium term future.

Looking forward to see who the underwriter of the rights issue is, and the basis of the issue. Will be happier if the underwriter is one of the exsisting larger holders looking to increase holdings.

A lot of last weeks losses were caused by day traders getting burned, you need to review the end of day trades and behind the scenes off market trades which went on at the end of each day. This week should give a more accruate future trend for the stock.

[clearasmud]

quote:Originally posted by cantab


quote:Originally posted by clearasmud

Down 30% on this stock. Ouch
Seriously,in general one doesn't make money investing in mature phase stocks.Why do you suppose GPG invested into this co? Because of its massive post-restructuring potential! GPG rarely make a mistake so one could do worse than follow GPG.Or play safe and just buy GPG stock.
Possibly this share could reach $1-$1.50 inside 2 years!
Like oilers IHG won't die it just issues more shares.
Electronic payments are a growth industry and IHG is well positioned to benefit as it one of only 2 visa approved manufacturers.
Don't rush in now though just watch and gather info.
I'm following your plan Method although I think I'm already full-up with IHG
Good luck


clearasmud, you mean mature stocks like ANZ, EPS for H1 up a boring 11%, my $13 shares issued at the end of last year to buy NBNZ are now $19. I love boring stocks.[:p][:p][:p]

Cheers

Cantab



Thanks Cantab,
I stand corrected.ANZ has been an good buy if you bought at the low last year.I'm doing the same with FOA now.ANZ may infact be in the middle of one of its periodic runs.But I note that the sp has been cycling between $16 and $20 for the past 3 years.I guess its because small cos tent to have more blue sky.
BTW what % of your holding did you buy for the share offer at $13.

[CAM]

sheesh...IHG down to 12c! Dosn't look too flash for a rights issue. When does this become a buy???

[tracker]

kicked off its lows today on sorta ok vol
thoughts out there???
trade well
tracker

[tracker]

well it sorta looks like it kicked the bucket today, volume not too bad either,into totally uncharted territory from what i can see.Fib levels might come into play here, any thoughts out there
trade well
tracker

[tracker]

Method,
did you find out who the underwriter in the rights issue was /is.My data is cactus can anyone tell me when the rights finished trading, and who the underwriter was , also how much was taken up????
stop loss (bit late for this one tho)
trade well
tracker

[Noddy]

Well I tried to warn you. Down to 7.8 today.

[clearasmud]

BACK UP TO 14C owing to 1 large seller finishing.Would say 15c is about fair value ATM.Method, did you increase?I couldn't help it and have aved down to 15c.
Method , are you going to subscibe to the Tamco float?

[tracker]

gutsy but nice play
whats the saying no guts no glory lol
nice trading (i forgot all about it)
tracker

[method]

saved my shorts, brought up at low and have been exiting since.

small balance held at 17cps avg.

will pick up more in due course as stock is good long term.

[clearasmud]

This share has been sold to an unbelievable 5c but IMO has little danger in the near future of folding.

Should bounce hard when the Tafmo recapitalisation completion details are announced soon

This is what Brierley recently had to say on the subject:



" Intellect Holdings (20%) Book value A$14 million, Market value A$5
million. Obviously, an unsatisfactory investment as the company has
experienced losses and a management upheaval and the market value of our
shares is less than half cost. GPG has since underwritten a new issue of
shares in conjunction with a capital reconstruction which appears to have a
reasonable chance of restoring value. If not, a writedown will be necessary
in the second half "




GPG are effectively giving an injection of $20m to IHG.


The co has also been restructured to reduce overheads by 40%

So IHG is a reasonable punt and if it returns to health could be a genuine 10 bagger

[Farouk]

Bounced off a low of 5.3 or so, back up to 6c last time I looked. I have some pretty sound advice that a re-structure is well underway & we should see this share price up to 20c or so in the next month or so.

[clearasmud]

Farouk-

Very good news.

From hc:

Subject presto 210 - could be some good news coming throug
Posted 03/09/04 15:19 - 40 reads
Posted by tropicalbrad
Post #358996 - start of thread

Was reading the 'News' section of a prominent South East Asian brokers sharemarker newsletter that my Dad recieves weekly and there was an article on Intellect (AUS) . It signalled that it was drumming up support with major retailers and other service providers regarding PRESTO 210 - EFT machine.

Interesting to note that the journal mentioned that a number of retailers were very interested and that it would expect to see developments on the sales front over the next few weeks. Should have things in the pipeline and it told readers to watch carefully.

Hopefully some good news in the pipeline!!


Company at 5.3c has 260m shares and market cap of A$14m with sales last year of A$33.7m i.e sales/mkt cap of 2.42
In comparison Cadmus(CTL) has market cap about $32m with sales of $13m i.e. sales/mkt cap of .4

Ofcourse as GPG/IHG indicated IHG's survival is at least in some doubt


This stock can and does move extremely quickly


All you speculators out there TAKE NOTE but ofcourse I'm not recommending anybody and this ofcourse is risky.I hold.

[CAM]

See the price has slipped back....anyone jumping in for the ride??

Would be nice to know how that restructuring is going.....any news on a rights issue??

[shayne1]

Again IHG have delivered consistent failures in what they call a "business". I have watched this company very closely over the past year and have definitely let my emotion take control. Believing in a good business strategy is essential, but it should be based on a physical realisation that what they are seeking to achieve is viable. This company is run by a pack of idiots. The latest "preliminary report" (already a month late) shows a bad debt of 3.1mil. Thats 10% of their revenue. Who are they selling these terminals to, third world countries who never had a sh&t show in hell of ever being able to pay for them in the first place. In fact, was the sale ever in the first place a "real" sale? How do we know that the journal entry in the accounts receivable was not ficticious??? Why have we not seen any audited reports yet??? No auditor would dear touch this company with a ten foot pole. Its also interesting to see GPG were the underwriters for the new issue meaning that they were probably able to recover some of their 15mil book value investment in IHG. GPGs currently holds IHG in their books at a book value of 15mil but at todays market rate is at 5mil. In their latest report they said that they would assess this value and if need be write it of in the second half. IHG definitely look sound!!! Good to hear from them also with regard to the underwrite!!!! Must have thougth i would not have been interested! This company can be easily compared to Enron, World.com, HIH, One.Tel and now SGW. The people in charge of these companies must have been in some way deformed at birth. If i had a choice between being handicap and one of these guys, i could tell you in an instant which i would prefer!!!!!

From an Auditors point of view, the first question would be why did IHG get a qualified opinion???? This is basically saying that the reports are not true and fair. The second problem is clearly with regards to management. Someone in management is in the know but no one is letting on. Trying to understand the tone at the top of this company is impossible!!

[GladiatorNZ]

I hope this situation turns out well for the holders.

But after a 1 minute look at their financial statements...I wouldn't touch this one with a 50 foot pole. They are bleeding huge amounts of operating cash. They were able to keep afloat this year by borrowing and equity raisings but this can only go on for so long. Also note they have substantially negative working capital - how long until the creditors pull the plug?

GPG are no one's fools, it's true, but they will look after #1. If they decide the losses are "sunk" they could cut the company off. Even if they don't the company will be issuing gargantuan numbers of shares at these levels to fund working capital, diluting share price upside if it does survive.

[CAM]

Heads up

Trading halt re upcoming debt restructure and capital raising proposal

might see some action here

disc Hold IHG

[clearasmud]

quote:Originally posted by CAM

Heads up

Trading halt re upcoming debt restructure and capital raising proposal

might see some action here

disc Hold IHG


i'm guessing 1:1 at 5c underwritten by GPG

Anybogy going to the AGM next week?

[CAM]

well its a 14:10 at 2.5c
creditors to be issued some at 5c

[winner69]

This thread started in March and method was ...expecting stock to bounce back to 50cps . Suppose he was ramoing and managed to get rid of what he had then.

And here they are today giving away shares to the banks and creditors to pay the bills and asking the poor shareholders to fron up with more cash

And by the looks of what is happening today some don't want to that

How low will it go? At some point in time value in this but 4 cents is prob not that number

What are going to do cam

[CAM]

Not sure what I am going to do yet. Only have a small amount in them, as much as a gamble as anything on GPG's skills. Only paid 5c for them so if I take up rights they will owe me around 3.5c each if my math is correct. So I would imagine it wouldn't take much in the way of good news to give them a bounce from that point. I would expect some announcement on the reported 40% cost savings would have a positive effect. Still with creditors getting theirs at 5c it might cap the upside for awhile.

All fun and games....but not enough invested to lose any sleep over. Just have to look at my NOG to put a smile on my face.

[halcyon9]

3c!!!

could be shaping up for a big 05 turnaround.

What's GPGs position now?

anyone up with the play?



I'm getting keen for a punt[8)]

[clearasmud]

quote:Originally posted by halcyon9

3c!!!

could be shaping up for a big 05 turnaround.

What's GPGs position now?

anyone up with the play?



I'm getting keen for a punt[8)]


GPG are still holding but did not underwrite the upcoming issue.
Apparently GPG are still interested.
The new shareholders apparently will add expertise to IHG.
IHG is expecting to do well in the second half of this year(profit 8m?) but 1st half(to 31 dec) will show a loss before abnormals of $7m (mostly restructuring, but a profit after abnormals
the restuctured co will have no goodwill,no debt and NTA of 1.95c a share,mostly cash and shares.
Order book is still substantial, they just need to start rolling them out.
I will be subsribing to the rights issue=1.4x your number of shares @2.5c.
if you buy@3c and subscribe your ave cost will be 2.7c
will be abt 1150m shares on issue
Probably better punts elsewhere.

[Studson]

Hey

Can anyone please help me or direct me somewhere where I can find company financials for IHG, NTA's, P/E, Yeilds etc. I have tried on the ASX but to no avail. I think the current SP warrents a closer look. Much appreciated.

[kiwikauri]

I thought I read soemwhere that the cash issue was only available to Australian residents ? Was that correct?

[combi]

quote:Originally posted by Studson

Hey

Can anyone please help me or direct me somewhere where I can find company financials for IHG, NTA's, P/E, Yeilds etc. I have tried on the ASX but to no avail. I think the current SP warrents a closer look. Much appreciated.


http://stocknessmonster.com
Best free site I have found to date all company stuff well set out.

combi

[kiwikauri]

I ahve found the answer to my question - it is only available to NZ and Aust residents, and offer closes 24/1/5...Rights ceased trading on 17/1/5.

[Studson]

Thanks for your help. So where did you find that kk? And what do you mean by offer? The sp has been dropping for months!

[kiwikauri]

quote:Originally posted by Studson

Thanks for your help. So where did you find that kk? And what do you mean by offer? The sp has been dropping for months!


I found it on asx website, under announcements - IHG last 3 months...

Offer - I meant 14:10 rights issue.

yeah - I bought in at 25cps...but only a small parcel - My broker said buy PVO.NZ but I wanted some IHG. Got recommended (not by my broker - so I should say got a "tip")IHG when they were about 40 and saw them go up to about 60 (c Dec 03) and saw bought in when I thought they had stabilised in early 2004 for 25.

in the meantime PVO went from 45 to 65 in about 2-3 weeks in the smae period.

damn

[kiwikauri]

Well good volume for IHG going through at 3.5cps...

[MoSteph]

well kiwikauri...you should be happy. Your upward trend is a goer. Lucky for those who got onboard ontime....the OBV looks pretty strong.

[pago]

hi,do you guys really know who owns what in ihg,cheers pago.

[MoSteph]

gpg:uk now owns quite a piece.

[Farouk]

should be 10c by June

[Dazza]

reasoning farouk?

im quite insterested in this share

[Farouk]

Dazza, put your student loan into this one, they are a whole lot better than PVO or Cadmus & are selling into Europe, have been restructured, (GPG are in), & all retailers worldwide have to upgrade their EFTPOS reminals to be "EMV chip card acceptable" by 1.1.2006.
This is what IHG are into. Climb on for the ride.
Hope that you are coping with the Organic Chemistry & the Pharmacology o.k. Regards, Farouk.

[kiwikauri]

yeah closed at 4cps Thursday.

I took up my rights and also asked for a piece of the underwriten shares ie subscribed for more, so I'm just awaiting to see if I was allocated the additonal shares...

Lets hope so...

[Dazza]

yeah got a few things deciding where to put it eh
the pharmacy papers are pretty easy, is depressed at the professions future climite in nzl, shipping of to oz maybe :D

anywyas, u have holdigns in this? price u brought at and price u are going to sell?

IMO ive missed the PVO boat.... looking at this or CTL now..

[clearasmud]

quote:Originally posted by Dazza

yeah got a few things deciding where to put it eh
the pharmacy papers are pretty easy, is depressed at the professions future climite in nzl, shipping of to oz maybe :D

anywyas, u have holdigns in this? price u brought at and price u are going to sell?

IMO ive missed the PVO boat.... looking at this or CTL now..

Funny u say u've missed the PVO boat when market cap of PVO is less than CTL yet PVO made 3m$ last half CTL only made 1m$
Cheers

[Farouk]

Up another 5% this morning, some big sales going thru now.............

[Farouk]

10% now, not too late to grab some Dazza.

[kiwikauri]

now trading at 4.6cps on 13m volume

[Dazza]

Clearasmud, u saying that PVO has more potential for a greater increase in sp than CTL does?

[Dazza]

well i just read the 5 pages in here....
wouldnt u say its a bit .... mmmm i will have to check their financial report.. like someone says they are just burning cash IMO..

[pago]

hi be careful, take a look at the company structure,ie back in august 04, a subsidiary called tamfo took over much of the business,that was the price ihg paid for gpg support,cheers pago.

[clearasmud]

Tafmo was only the maintenence business.it was going to be floated anyway.
IHG still owns a significant % of the business.

IHG is likely to be a great trading stock.
8.5c is definately on the cards,maybe 10+c.
This is a hot area currently.

[Packersoldkidney]

I thought I had big nuts, but it appears I only have a pair of tiddlers comparative to the IHG crew. Good luck to you IHG investors - if it turns around you will be richly rewarded. Maybe the turn is happening now, or else this could be another false dawn. Good luck either way, and if you could phone ahead when you come to my town I would appreciate it as I'll want to know when to leave so I'm not shown up for being a kiddy kidney instead of an adult one.

[pago]

hi ,question is, who owns what of ihg,the posts i am reading are misleading.ihg nearly folded twice,gpg is not a passive/supportive shareholder,it has said it may take a loss on ihg,gpg has taken a position to protect its investment,cheers pago.

[pago]

hi,cl.mud,i agree ihg has the tech.it should be leading the pack,but poor management has put ihg in deep dodos,it now has funds via gpg,via time,to meet the market,but given the restructure,the question is what is the percentage uptake for ihg?short term share traders are here today, gone tomorrow,cheers pago.

[badger]

The value of their Tafmo shareholding probably equates to IHG's market cap, effectively underwriting the current price although the end of rights trading was great buying. i loaded up at 2.7 cps.

[pago]

hi ,its a traders stock,lets not mention the dilution of shares,now over 1 billion shares,good luck,cheers pago.

[clearasmud]

quote:Originally posted by pago

hi,cl.mud,i agree ihg has the tech.it should be leading the pack,but poor management has put ihg in deep dodos,it now has funds via gpg,via time,to meet the market,but given the restructure,the question is what is the percentage uptake for ihg?short term share traders are here today, gone tomorrow,cheers pago.


Now that the co has been restructured I would like to see evidence of competent management.
Last year when ihg could not roll out their order book not one significant customer left them.That tells me that their products are in demand.

[MoSteph]

Well today was a gip. I was quite surprised to see the stop loss set off. Still, a spectulative 10% is ok...i guess

[kiwikauri]

Has anyone heard if they were allocated any additional shares in the recent rights issue, that they applied for under the underwrite option.

I applied for extra shares and the cheque was cashed 24 January? I know they cash cheques to earn the interest, but you would have thought that they would have decided by now.

I rang the registry last Friday, and they didn't know and told me to contact the company. I rang the company and left a message for the secretary to ring me back and he never did. That was a week a ago.

[clearasmud]

Kiwi is there a quick way to get your cheque to the ausi registries from nz.
I only got my application form for the spp about 3 days before closing.

[TerryA]

Has anyone been able to open today's announcement ?
If so could they post a summary here,.

Thanks,

[Halebop]

Ingot Capital Management Pty Ltd - Substantial Security Holder notice to the tune of 19.9% on behalf of registered holders:

Stocks Convertable Trust plc 89.6m
Utilico Investment Trust plc 138.88m
Ingot Capital Investments Pty Ltd 19.648m

[TerryA]

Thanks Halebop

[kiwikauri]

Well I got a cheque in the mail today, for teh full amount of the underwrite shares that I was after, so I missed out on the additional shares, but donated the interest on my funds for a month to IHG...

[kiwikauri]

Clearasmud - What I did, was ring the registry and see if I could DC the funds into their bank account (which I understand you can do here (NZ) if need be), but they wouldn't let me and said that I would need to send a cheque over.

So I got same day bank cheque ($20 fee) and the fast pasted the cheque to Computershare in Melbourne, with a note saying that I had just received the booklet and that I wanted to take up my rights.

Then I faxed a copy of the completed application and bank cheque to the registry, so that they had somthing there on time.

Not sure whether my application was received in time, but thinking about it, IHG had the discretion to accept and given the circumstances in which the offer was made - probably was always going to accept it!!!

Kiwikauri - last time I had a cheque from Oz it took 21 biz days to clear it. :(Where is the emoticon (smilie) for really p issed off[?]
Best of luck.

[ananda77]

IHG up .07 ents on news.

11m purchase order received from APSS (Austrian Payment System Services).

[winner69]

Currently 2.5 cents

Little seems to have changhed over the past year ... shareprice wise

Anybody still waiting for the bounce

[Stone Cold]

Results recently out. Anyone got any thoughts on where the IHG share price is going to go? On the surface, it seems the financials are heading in the right direction.

Opinions sought...

[absolut-advance]

somethings happening! this just popped up on the radar, large volume 16% rise- analyzing, watching and waiting.

[winner69]

Another GPG fix up on the cards

Whoops ... that was when it was worth a lot more

Maybe still trying to resurrect something

[hero]

quote:Originally posted by Stone Cold

On the surface, it seems the financials are heading in the right direction.



Can't see that myself. They made a loss of just under $1m despite the once-off revenue of $18m (from sale of TAFMO and debt forgiveness in the restructure) and big reduction of staff. That's a loss of $19m on operations. Thats an improvement on the $40m loss the year before but they'll need a further huge improvement to avoid being under water again in the next 6-12 months. They're getting some sales but looks like the necessary margins aren't there.

hero

[Stone Cold]

Up to 3.1cents this afternoon. That's 24% up this week.

What's up?

There was an article last weekend in one of the New Zealand papers about IHG by David McKewen, a local share tipster. He was recommending people take a look at it.

[wallop]

Does anyone know or have an idea why the share price has shot up by around 900 percent in the last one to two weeks?
Thanks.

[hero]

quote:Originally posted by wallop

Does anyone know or have an idea why the share price has shot up by around 900 percent in the last one to two weeks?
Thanks.


They did a 1:20 consolidation. So its actually gone down - as it was trading around 0.021 (ie 42c) before the consolidation.

hero

[Gazza-nz]

Looks like this bottom feeder is waking up. Someone knows something that we don't[?] Maybe they have won another larger contract than they won last month.

[Mr Murphy]

Hi everyone

Is there a more recent thread for IHG? Interested in what IHG shareholders thought of the merger with Cadmus?

Cheers
Murph

[clearasmud]

Hi Murphy,
IHG has been such a capital destroyer that I hope Cadmus knows what they are doing.
IHG got recapitalised last year at the equiv of 60c but most of those funds were used up.

[Mr Murphy]

CTL have some smart people in their management now and I can't see them making this decision without their singapore partners approval as they will need their support when the merger is voted on. To be honest though this does not look like a merger, it looks more like a takeover. Will be interesting to see how the two companies come together, will be a rocky first year I think.

Think there is some money to be made in this merger on a couple of trades I think though but time will tell.

What's your view on the likelyhood this will be approved from IHG's shareholders?

Cheers
Murph

[clearasmud]

I think s/holders will embrace this with open arms.IHG has been a long term capital destoyer.

[Mr Murphy]

That is good to hear clearasmud!

It seems the best side of the merger to be on is the IHG side. I have just sold a parcel of my CTL shares and bought IHG shares. It seems to me they have valued IHG on the rather high side for this merger. If someone can pick holes in these calculations please do as I still have time to reverse this trade:

Sell 100,000 of Cadmus shares= NZ$ 21,000

buy 30,030 IHG shares = NZ$ 15,770.52*

(* 30,030 IHG shares @ .43 = A$ 12,912.90, /0.8188 (exch rate))

For simplicity these calculations don't include brokerage.

As long as the merger goes through as it has been set out in the agreement I will have the same amount of CTL shares as I started with as 30,030 IHG shares will = 100,000 CTL shares (x 3.33). But I make NZ$4,000 odd in the transaction. Also gives me the flexibility to sell IHG if there is an exchange rate or share price movement upwards in the next three months.

Seems good to me but would be interested in your feedback.

Cheers
Murph

PS if I have done some math wrong I blame excel!!

[clearasmud]

Good punt Mr Murphy but if you get it wrong it will cost you.

[Mr Murphy]

Absolutely but no risk no reward! Bit more comfortable with sp at 45c as opposed to 40c, gives me more options than just waiting for the shares to convert to CTL shares.

Does anyone know what the shares were being held in escrow for? Was it a condition of a deal?

Cheers
Murph

[winner69]

So finally they go broke

A great ramp that was on this thread years ago