another one to watch..., page-3

re: another one to watch...t4p Lyns...

From the iress research page...

PRINCIPAL ACTIVITY
IT&e Limited (ITE) is an Australian-based technology company that specialises in delivering technology solutions to the financial services industry. The company offers a range of services required to develop application solutions for the financial services industry. These services include consulting, development, integration, operational support and infrastructure management. IT&e's flagship products are Razor, NextSet PTX and Monarque.

RAZOR: is a risk management product that enables organisations to effectively and accurately manage credit risk across a diverse set of products. The Razor risk management product applies full Monte Carlo simulation in real time, enabling organisations to measure their risk more accurately than with approximation methods; manage risk when it occurs rather than after the event; monitor risk against limits in near real-time and perform detailed analysis of risk exposure.

NEXTSET PTX: NextSet Private Trading eXchange (PTX) allows online trading of over the counter (OTC) financial instruments. The system provides prices automatically from the bank's pricing engine and, if required, will support price negotiation.

MONARQUE: This product-line consists of multiple integrated modules designed for automating the front-, middle-, and back-office functions in the trading and treasury management environment.

APPLICATION DEVELOPMENT: IT&e undertakes customised application development services, building IT programs to suit the requirements of individual businesses. The company's development methodology is designed to enable projects to be outsourced successfully while promoting an active level of participation between the client and IT&e.

INFRASTRUCTURE AND INTEGRATION: has been designed to provide the company's clients with quality management of systems and infrastructure while maintaining sufficient flexibility, allowing total integration within existing support models.

The company has recently established its UK operation to provide pre-sales support for the sale of IT&e's Razor and PTX products into the UK and European markets, support services for implementation and on going support of IT&e's products in the UK and European markets, and act as a sales agent for IT&e for sales into the UK and European markets.

The company has reiterated it will post a full year profit...givenh the interim profit to dec and recently announced licensing deals, one is inclined to believe they may well do so.

The company has previously suggested the share were severely undevalued (back in Feb when they were 10c or so) and indicated that if this did not change, they would take measures to fix it...more than likely a buy-back?

I suggest is is just tax-loss selling holding it back now, as the recent announcements have been excellent...both ANZ and the ASX have effectively endorsed their product.

Two of the biggest players in the field.

Fully diluted market cap of just $14m or so, more than $7m of which is cash!

I agree with the directors on this one...it is very cheap.

Cheers!