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IDN - 2006 - Ever increasing profits
guru11 - Mon, 02 Jan 06 :
It looks very likely now - and it would be a surprise - if the results were not int the range 905k a figure that has been predicted to that of £974k another figure that has been predicted. I doubt if the results will be under £900k or over £1m. The thing of interest will be the forward looking statement. How much extra potential business will the FSB said to be expected to generate, and is the forecast eps for 2006 now going to be upgraded? This is what could move the share price. All questions should be answered by the end of January.
It would not pay the company or shareholders to come out with an announcement before results which now are only 3 weeks away, as we could get a mini rise in SP followed by a drift back, then on results another mini rise. I would like to see the hit of good news come out all in one, and for the stock to really hit the fast movers board, and let the share price chasers - chase this one up to new highs.
Punters don't like to buy a static share price stock like IDN now.
They want to wait until the MM have already marked it up, and rush in then because they feel that the stock is a winner and they may miss the boat so they buy in at any price thereafter, thus pushing the price up further. The MM get short of stock and are forced to raise the price, sometimes above true value. The sensible investors are like ourselves - getting in on the ground, and not chasing the price up, just taking advantage of the higher price, which I would expect to be over 3p and possible 3.5p by early February 2006.
I need a better year this year than I had in 2005. Watching the fast movers board and buying in can be a loosers game, as there are a lot of hot air stocks around. IDN becomes much more appealing stock with ever increasing profits, with very little downside and potentially when the tip sheets wake up a 50% upside. Will we see it mentioned in the Daily Mail highlighted section sometime?
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