Yes announcements are positive.
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Revenue up, SP down.
Hmmmmm
A bit of interest today ahead of the report tomorrow (and wasn’t all me).
Hopefully, no surprises and strengthening balance sheet will encourage more support.
IKE - IPO from the same broker who brought you :
Wynyard
CBL
Feltex
Intueri
SCF
Credit Sails*
What do the above all had in common?
Then there's
MPG
Evolve
You are a brave lot here investing in IKE! Hats off to your courage!
* Forsyth Barr through its MD Neil Paviour-Smith actually tried to distance the firm from being an active promoter of Credit Sails but was caught bare-faced lying due to emails ('catch flies with honey, not vinegar) which led to the $60m settlement.
I know Mark Waller personally and you should take care & due notice not to confuse Mark's self-confessed love of BMWs, Porsches & Ferraris (which he does not show off) with others who think that owning or being pictured with a Ferrari or other exotic cars in Annual Reports = great company.
I recall very well when Mark bought his first brand new BMW - he was almost apologetic about it as he knew staff and the great Christchurch unwashed envy brigade * would criticize him for his purchase. So he kept it out of sight and enjoyed over the weekends.
* same brigade who thought Allan Hubbard walked on water because he drove and was always pictured with his VW.
If it does as Badly as PLX I probably won’t be too disappointed.
Being a gambling man I am working on the know when to hold them and know when to fold them principle. No doubt if I get burnt a few more times I’ll have to rethink my strategy but in the meantime it keeps me amused.
While the contracts keep coming in I will keep believing the dream.
I have to say the car one drives doesn’t particularly impress me one way or the other - some might say a ridiculously impractical car is purely compensation for lacking in other areas. But who am I to judge.
If I am looking purely at the performance of IKE I see a company that is growing and winning recurring income contracts in a rather large field. There is a fair amount of international potential, they appear to be ahead of their competition which gives them a reputational advantage if not an intellectual advantage.
The management appear to be doing an adequate job. Growth may be a little slower and lumpier than perhaps we would like but that is the nature of the contracts they are bidding on.
As long as the revenue line keeps climbing it is hard to see things going terribly wrong at this juncture. I have been wrong before and stand to be corrected again. However, looking forward to see what news tomorrow brings.
Being Chairman of NZ largest used vehicle retailer and owning a Ferrari shows you are the right person for the job.
A businessman who is a "petrol head" at heart.
That's what the Fonterra board said : "Being farmers, we know what's the best for farmers."
Or more down to earth, a good mother does not have to own a cow in the backyard to know where good milk comes from!~
More to point, TRA has gone backwards in the last 5 years while EBOS has gone up by more than 150%!!!!!
Guess which individual really knows how to drive a Ferrari!
As usual I think we must agree never to agree.
However I must point out I have never seen either drive at speed.
Yes I held EBO for over 25 years and did very well.No longer hold.
My TRA holding has seen a share price decline, and an increase in fully imputed paid quarterly divies.
So they are serving their purpose,which was to be part of my dividend paying section of my portfolio..
IKE is a small part of my capital growth section of my portfolio.Whether I add or not will depend on their results.
Absolutely!
Baker has driven his Ferrari (TRA) into the ditch by the side of the road and the Ferrari is currently being evaluated for damages to be fixed.
Waller has driven his Ferrari (EBOS) onto the autobahn and is speeding along at 150 mph, leaving Baker's TRA in the ditch!
I owe you an apology.
Never thought you had a sense of humour...
Good one,..
Positive,positive,positive announcement today.
Ticked all the boxes for me.
Increased revenue,increased margin,and cash burn seems to have halted.
Someone thinks it is a good investment - they have just bought 2 shares
https://www.nzx.com/announcements/337892
Director Alex Knowles definitely thinks its a fine investment.
Nice update today...see it here.
+ Projected record revenue of approximately $5.0m.
+ Success and growth of IKE Analyze has resulted in improvement in the quality, predictability, and sustainability of earnings with approximately 70% of revenue now from IKE Analyze transactions or recurring software subscriptions.
+ Projected approximately EBITDA breakeven Q2 FY20, continuing the positive performance trend with both May and June also being EBITDA positive.
+ Total cash and receivables at 30 September 2019 are expected to be approximately equal to 31 March 2019, at between $4.5m to $4.8m.
+ Projected record gross margin of approximately $3.6m and with gross margin percentage of greater than 70%.
Finally a splash of green. The recurring revenue model has to start compounding over the next couple of years. Still one of my top holdings and still looking forward to where we might go.
Its a shame they couldn't do webcast of ASM, which is currently on in Wellington.
It was a small gathering at the ASM, around 20 of us plus the board, almost all of us older white men. The NZSA were also in attendance.
There was a question from the floor as to whether they were a takeover target. there was no direct response but they did mention they were getting noticed.
Have involvement with 8 out of the 15 leading players, five of these eight are established whilst the others are pilots. No major tier company has not continued with them after a pilot, the main issue is getting the pilot in the first place.
IKE's moat was seen as becoming the standard for a process to view the assets as a record.
There are 220m poles in the US with 6/7 companies attaching items to such poles. IKE tries to make it easy to adopt their process but more difficult to leave.
I had to leave to head back to work so wasn't there for the entire meeting.
Thanks for posting Kiwico. Watching with interest and following this week have added some to my portfolio.
And that mystery low price seller is back....what a surprise
Just noticed buyers on both NZX and ASX are at same price level $0.55c.
First time have noticed bit of buyer interest from ASX which was non-existent for few months.
It seems the ASM may have awakened some as to the undervalued potential. Nice to see some consistent pressure in the green direction continuing.
Spring is upon us and my portfolio is starting to show some signs of life after a long cold winter with multiple die backs.
Maybe the world is not about to end after all?
It would certainly be nice to see IKE with a 7 back in front again.
Looks as though we are "well positioned,"...lol.
68c line wiped this morning...having bought at the recent peak it's nice to see movements back up this way :t_up:.
One thing I've been wondering is how the renewables drive in the US could open up markets for them, I know they are mostly focused communications infrastructure, but what about each wind turbine or solar panel needing an asset record.
Temporary glitch. Dollar by Christmas!
https://www.nzx.com/announcements/341702
Was a capital raising signalled at the AGM just a few weeks ago?
Like all acquisitions time will tell whether this one is successful or not.At this stage it appears to make sense.
With 90,984,305 shares currently on issue the market cap is $57,908,035,so it is not a huge capital raising.
Although we will be deluted with extra shares being issued at 60 cents I will support the capital raise.How much by at this stage I don't know.
It does explain the recent push in the share price.
Looks like a good deal though on the surface of it.
Decent parcels crossed after market at 65c, which could mean one or two big boys didn't get their full allocation and are buying on-market. Will find out tomorrow how institutions placement went.
That's positive.
Thought the sp was going to go below 60 cents,which would have put me off applying for more .
https://www.nzherald.co.nz/business/...ectid=12271510
I'm really starting to love these guys story. A smart acquisition that will add to the bottom line from day 1.
Nice endorsement from retail shareholders...
"ikeGPS Group Limited (NZX: IKE) (ASX: IKE) is pleased to announce that its Retail Offer has closed substantially oversubscribed with approximately $3.9 million of applications being received against the $1.0 million target.
IKE has accepted $0.5 million in oversubscriptions, the maximum oversubscription amount permitted by the offer structure, meaning that $1.5 million will be allocated to shareholders (leaving approximately $2.4 million of oversubscriptions). As a result of the high level of participation, applications were scaled in accordance with the rules of the Retail Offer (contained in the Offer Document dated 1 October 2019)."
The only good news I had today!
Hmm but we get scaled back a bit. I'd rather have got my full allotment
With 2.4 M$ returned to shareholders I guess we should see some enthusiastic buying and the last sale at 66c will soon be considered a bit of a bargain.
Disclosure - was not a shareholder so I could not participate in the issue but have been buying in the last few weeks.
I think a few have had their eyes opened to the potiential with this deal going through so hopefully it will build a bit more support going forward. Should be some wind in their sails next year with the extra revenue boost.
New ATH today? Can't let SKO have all the fun.
New 2 year high ... I might be able to retire one day yet. Onward and upward you good thing.
Nice buying interest this morning.
Quite the CV Chris Ronan has. Happy to hold this one.
Good appointment...
IKE appoints Mark Ratcliffe, former CEO of Chorus, as non-executive director
https://www.nzx.com/announcements/344320
Maybe this week will see us push past the list price?
Aren't the 6 months results meant to be out by the end of November??
https://www.nzx.com/announcements/345176
Results out and at first glance looks very bullish...$1 here we come!!!
Indeed "well positioned".
An excellent result and an extremely positive outlook.
Less than $5k of trades drives the price up 3.6%, even with plenty on the sale side the punters seem to be hanging out for their price.
Looks like I might have to look elsewhere for my Christmas presents this year. Still good buying this side of a dollar though I suspect we will find by next year.
Does anyone know who IKE's major competitors are? Can't really find any other companies online with my limited research.
Good news- https://www.nzx.com/announcements/346981
I think it's a good appointment. IKE has such potential happy to hold long-term, bearing in mind their risk of being outcompeted long-term by a giant and/or taken over. I am yet to find their direct competitors.
SP falls.. on this news? haha
I guess he wasn't a popular choice. Or those in the know fear the company jet will be burning all the potential profits with his appointment.
I think they are well positioned Cadalac - when big US companies are writing IKE into their SOPs. They appear to have first mover advantage if a competitor does appear. A takeover is probably more on the cards when one of their customers decides to block its competitors.
Everything is at record levels at IKE
And may the share price push on to newer record highs
http://nzx-prod-s7fsd7f98s.s3-websit...561/315750.pdf
Awesome report. Recurring revenue is getting ridiculously good now. Clearly marking a solid footprint in the industry to be able to achieve this record performance.
Key point from this little update is the revenue growth implies 2mil in the last 3 months, meaning a minimum of 2mil in the next 3 would already give a significantly bigger revenue growth trend that the sluggish one achieved between 2018-2019. This is further supported by the fact they projected high transactional volumes in Q4.
Happy holder.
I think they have a strong team and business model that will only get better year on year as they grow their customer base.
Seems as though some pesky one is not happy with more than 72% gross margin and greater than 70% revenue coming from transaction and recurring sources in FY20.