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I thought only I was stupid enough to be up this
hour Trading!!!!
Woody
----- Original Message -----
Sent: Thursday, October 02, 2003 11:28
PM
Subject: [sharechat] Heard of
IHG:ASX?
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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