Forum Archive Index - March 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Hi Allan,

 

Re: ASX - IHG Intellect Holdings Limited

 

Have taken a quick look:

 

Financial results were released on 27.2.04

 

Negatives:

Pre-tax loss of A$7.3M (July-Dec'03)

Net loss of A$15.3M (July-Dec'03)

Includes One-off Costs:

1) Redundancy provisions for Brussels operations

2) Costs associated with integration of Touchcorp activities into Aust organisation

3) Clean up of balance sheet (A$7.9M (full write-down of cumulative Deferred Tax assets to increase transparency of the balance sheet)

4) Increase in borrowing costs though I didn't go any deeper into this. Could be additional borrowings, or they may have increased their repayment schedule to repay faster.

 

Positives:

1) Revenue up 43.57% to A$23.3

2) Sound trail of orders coming from new markets including USA, Mexico, Brazil, China, Sth Africa, Latin America

3) A$80M forward order book that will see the company returning to profitability soon (delivery anticipated in latter half of year)

4) Recent deals with St George Bank, CBA for Intellect TAFMO business solutions packages. (This solutions package provides annuity-based revenue streams.) Anticipation of implementation in other markets soon.

 

Looks good to me and should definitely be added to a watch list.

 

Timing of entry will be related to news of improved profitability which may be obvious (eg; an ASX notice - financial statement) or inferred (eg; ASX release regarding a significant order or evidence of continuing multiple orders from established and new markets)

 

I understand your frustration.

 

Hope this helps,

Cris

 

----- Original Message -----

From: Allan Julian

To: sharechat@sharechat.co.nz

Sent: Sunday, March 14, 2004 4:27 PM

Subject: RE: [sharechat] Cris' Current Watch List

Thank you Chris,

IHG have taken a tumble and I can't figure out why, from memory you were once looking at this one, do you or any one elese have any info? It looks like a buy to me.

Thanks Allan 

-----Original Message-----
From: sharechat-owner@sharechat.co.nz [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Cristine Kerr
Sent: Sunday, 14 March 2004 5:16 p.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] Cris' Current Watch List

Hi All,

 

As a fairly regular poster, I thought I'd share some of the more promising from my present (evolving) watch list on the understanding it may be different again tomorrow.

 

NB A good prospect today can be a bad prospect tomorrow and vice versa depending on world events, good/poor business planning and execution, changes in key executives (eg KAZ last year), etc, etc, etc.

 

I consider all of the following to have high growth potential. I'm reasonably sure all of these have been summarized at varying times.

 

CBD - Maintain a vigil for best entry price
INL - Wait a while for it to settle down again
IVN - May take a while
MIC - Await confirmation of BioGold acquisition
MUL - Great today, tomorrow, etc, etc (I researched this one following an excellent tip from 'Oski' who posts occasionally to an Ozzie forum.)
NLX - Hoping it will drop a little more to make it worthwhile
PDR - Promising a return of capital to shareholders
SKG - Market has grown a little bored with SKG of late
VSG - Long overlooked - ticking time bomb
WAL - Great buy today, tomorrow, etc, etc
ZYL - Wait until it settles after Rights Offer period.

 

All the above notations are naturally subject to change of circumstances.

 

These shares have what I consider to be high growth potential which usually goes hand-in-hand with high risk. I minimize risk via research and tracking.

 

These shares are suited to a patient, long-term hold. Time frames will be dependent upon market trends and factors.

 

As always, I like to share info that may bring benefit to someone else.

 

Regards,
Cris