----- Original Message -----
Sent: Monday, March 15, 2004 8:23
AM
Subject: Re: [sharechat] Cris' Current
Watch List & IHG
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 -----
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
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
See IRG research reports
