Forum Archive Index - October 2003

["Morgy 40" <morgy40@hotmail.com>]

Yes , your story must be around the traps, had a jump after moving sideways. go to www.bigcharts.com  & put in asx:whatever and you can see for yourself.

Need any help just ask.

Regards

 

Morgy

>From: "Shayne King"

>Reply-To: sharechat@sharechat.co.nz

>To: sharechat@sharechat.co.nz

>Subject: [sharechat] Heard of IHG:ASX?

>Date: Thu, 02 Oct 2003 12:16:38 +0000

>

>Just sold my GPG shares (made a nice 13% return in just under 5

>months so im quite happy) and am now looking for something else to

>delve into. Managed to find a company called Intellect. Listed on

>the ASX but based in Belgium. Heard of them?? Probably not (and

>neither had i). So what made me look further you ask? Well after

>having a brief look through their financials i found that GPG had

>recently acquired 20% and currently have two directors on the board.

>What they do is create and develop hardware and software for

>electronic transactions. The markets they are currently active in

>are Germany, Greece, Aus, NZ, US, Austria, France, Belgium,

>Netherlands, UK, Brazil, and some parts of Asia. With their major

>markets being Europe and Asia, revenues have been hit hard with a

>large write down in R&D and weak economies in Europe and Asia

>(Primarily SARS) (Revenue fell 63% from 89m to 32m). This has meant

>they have yet to reap the rewards for their latest product (the

>PRESTO 210P terminal). Further demand for the PRESTO in other key

>markets has yet to materialise however should in the near future.

>Liquidity for the 2003 period took an extremely hard hit falling

>from 1.38 in 2002 to 0.98 in 2003. However, in the events

>subsequent to balance date, GPG did len 8.2mil to IHG in order to

>assist with their liquidity problem. Cash flow remains positive but

>only due to an increase in borrowings (GPG).

>

>Any further comments?

>

>regards

>shayne

>

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