Added to YB: 2026-08-31
Pitch date: 2026-08-28
IGP.L [bullish]
Intercede Group plc
Author Info
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Company Info
Intercede Group plc, a cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally.
Market Cap
GBP 66.8M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.81
P/E
20.18
EV/Sales
2.79
Sector
Software
Category
growth
July & August Portfolio Update: Back on the Mission - Intercede Group — Top Up
IGP.L (added to position): Intercede was topped up to a full position after August's roughly $2.6m of new orders and renewals, plus $1.65m of potential renewal value through 2030, supported the view that FY26 weakness largely reflected timing rather than business deterioration. The thesis remains anchored in recurring revenue, low churn, a debt-free balance sheet and roughly £20m of cash; 106p and 100p are the key support levels being watched.
Read full article (1 min)