Intercede Group plc (LON:IGP) has been delivering innovative cyber security solutions to real-world digital identity challenges for governments, police, military and multi-national companies for more than twenty-years. Its robust MyID credential management system (CMS) and wider MyID platform is trusted by leading organisations around the world.
Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.
The company is now very well positioned for further growth and enter FY23 with positive momentum and lots of opportunities, yet despite this the Intercede Group share price has fallen considerably in the last year. Being part of the Diverse Income Trust portfolio we caught up with Fund Manager Gervais Williams for his thoughts on the company.
“There are quite a lot of companies which, during the last year or two, they’ve been a bit out of the limelight; they haven’t grown very much; and this company hasn’t grown much in the recent year or two.
Most particularly, security is going to be a really important area and they’ve got some amazing strong customers in terms of high profile US customers and such like, and we believe the opportunity for them to sell more of their product over a wider range of customer base is pretty interesting going forward.
As you say, the share price has been weak in the last 12 months, reflecting the stock market, reflecting the absence of growth but we think the opportunity is there for this business with the quality of its customer service and the opportunities in that area and we should see quite a substantial recovery in due course. That’s again why it forms part of the portfolio.
The nature of the Diverse Income Trust is that we’re looking to buy in companies like this which are able, in due course, to generate plentiful surplus cash and that will be reflected in time in dividends and dividend growth.”
