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Indigovision (LON:IND)        

Share Price £1.31    


 Market Cap £10 million

About the Company


“IndigoVision has over 10,000 installations in over 20 market sectors including; education, government, health, hospitality, industrial, major events, mining, petrochemicals, ports, rail,residential, retail and traffic. When everything is connected and designed to work together, you can sit at your desk with the IndigoVision Control Center at your fingertips. You see everything. You hear everything.”

                                                                                              Source IndigoVision website


Profitability Outlook

Trading Statement released 19th May 2016 indicated sales revenues have continued to fall. Operating performance has improved due to better product sources costing and favourable currency swings.  Possible break-even for the first half of the year could be on the cards.  

The 2nd half was profitable last year and I presume that a similar figure as 2015 could be earned. Some upside success in new large contract wins and good take-up of its new versions of its products could give an uplift to profits.

New Product Versions

June 1st, 2016 The IndigoVision Software House C•CURE9000 integration module delivers Video Surveillance delivers VideoAccess Control, Perimeter Detection, Alarm Systems where with a single application can speak, monitor and control all parts.

21st June 2016 Their second generation Body Worn Video camera, where every incident is seen, heard and recorded with its 28 hours, encrypted on-board recording, 130°lens, HD video and high fidelity audio

Existing Large Shareholders

I notice that New Pistoia Income Limited built back up it's shareholding to above 29%.  In previous months their shareholding oscillated up and down with sales followed by purchases  Maybe now they realised they were only hurting themselves by more by selling. New Pistoia Income Limited given its size of holding is possibly locked in for better or worse.

On the other hand, a weak shareholder is Liontrust Investment Partners LLP who appear to be sellers in recent months may also have caused additional price weakness. It is possible that the last tranche of their shares went through yesterday where a 200K volume deal went through circa £1.29p

Future Challenges

Chinese manufacturers competed effectively on price, exporting to markets outside China. This resulted in the erosion of sales and pressure on gross margins.

Competitive Advantages

There are fewer competitors that provide a full end-to-end solution, and…

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