INTERCEDE PLC. (1000% growth ) NATIONAL ID CARD / SMART CARD SECURITY
boadicea - Thu, 14 Dec 06 :
pork - Given the reference to 31st March 2007 earlier in the same paragraph, I think we should assume they mean FY.
All very positive sounding except for timing uncertainty of US orders and the fact that further finance will soon be required, if only as a temporary measure. If it is to finance firm booked orders, loan finance should be possible although a placing would be a lower gearing/risk solution.
I would not be surprised to see a further statement addressing that issue shortly, possibly in days rather than weeks or months.
If a placing, would it include an open offer and at what price? Depending on the quality of the uptake there might or might not be a nasty overhang.
The company is in a better psychological position to negotiate these hurdles than most imho. However, the strength of nih feeling in USA should not be underestimated especially when it impinges on security matters.
