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QUICK ! A BREAKOUT STARTING ! ! !
matt9991 - Thu, 29 Dec 05 :
IDN - breaking out nicely ahead of results due end of January. Forecast profit of 900k although this should be exceeded. IDN's sp always performs well in January thru March. The SP has been in a decline for 6 months but the smart money has been moving in in the last few months. There is a new contract just announced with FSB which should enhance earnings significantly. Any new customers from this 3 year contract should stick around due to IDN's very low customer churn rate 0.5% PCM. Exceptionally low for a telco, just ask VOD!! Have a look, a run to 3.5+ should be on the cards. No tax liability as they are carrying over 2m of historical debt. DYOR etc
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