Intercede has signalled that the second half of 2016/17 is likely to be materially stronger than the first. There is clearly a return in momentum within its core “occupational” market (MyID) which bodes well for the current year (2017/18). We remain convinced that the move to mobile usage in this market and the roll-out of the RapID product in mobile transactions will drive substantial improvements such that the Group returns to profit by 2018/19. We upgrade forecasts and our estimate of NPV.
24 Aug 2017
Intercede Flash Note
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Intercede Flash Note
Intercede Group plc (IGP:LON) | 102 0 0.0% | Mkt Cap: 59.4m
- Published:
24 Aug 2017 -
Author:
Capital Access Team -
Pages:
4
Intercede has signalled that the second half of 2016/17 is likely to be materially stronger than the first. There is clearly a return in momentum within its core “occupational” market (MyID) which bodes well for the current year (2017/18). We remain convinced that the move to mobile usage in this market and the roll-out of the RapID product in mobile transactions will drive substantial improvements such that the Group returns to profit by 2018/19. We upgrade forecasts and our estimate of NPV.