Intercede (IGP)

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The leading specialist in digital identity, credential management and secure mobility.

5-Oct-2017

Trading Update For The 6 Months To End March 2018 – First half revenues increased by approximately 30% compared to the previous period to more than £3.6m, £2.8m previously – Cash balance also improved. This seems generally positive – Stockopedia classes it as “Speculative” and one could even be tempted to take a punt here.

I think it’s worth keeping an eye on future updates – Until there is a confirmed return to profitability.

27-Nov-2017 – 28.5p – £14.4m – PER n/a

Interim Results For The 6 Months To End September 2017 – Revenue up 29% to £3.7m (2016: £2.8m), Loss down by 23% to £2.1m (2016: £2.8m), a basic loss per share of 4.3p (2016: 5.7p) with Cash balances of £4.8m (2016: £1.4m). The Chairman is pleased with the progress and expects Revenue growth of 10% – 20% for the year – Assume there will not be a profit.

Revenue growth here is good and it’s got Cash but apart from that there’s no attraction for me.

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