Yep. Keep selling.
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Q1 slowdown as outlined in their preliminary report. As a long-term hold this has great prospectives.
Some chap called Mark Ratcliffe who is an Independent Director bought over 70,000 shares
Yea, I saw the NZX announcement.
Did you see the price he paid, seem like a bargain. He paid according to the announcement $33k and a bit.
Which is about 46 cents a share. I do not understand as IKE has not been trading this low recently.
How would you explain the price paid???
I love it when Directors start to throw their own skin into the game. Time to load up on some more.
Nice one ike...getting there one step at a time...
ikeGPS (IKE) today announced that one of the largest communications infrastructure companies in the United States has standardized on the IKE platform for all pole-related 5G and fiber deployment processes.
Relating to the announcement, IKE CEO Glenn Milnes, commented.
+ We are pleased to be working with this tier-1 infrastructure group. Our objective is to get them to market faster, be it fiber or 5G construction. For this particular customer, the IKE platform has proven to more than double their pre-construction speeds for network deployments.
+ The expected revenue impact is not yet defined however we believe this will have a positive impact on our financial performance FY21 and beyond, and on our broader position in the North American market.
https://www.nzx.com/announcements/356424
Should expect few more announcement along this over next few months as they keep cracking big customers.
Explains the intention of directors when they buy it on market, especially someone like Mr Ratcliffe (ex Chorus), they know what's the potential ahead.
Buy on market by Directors is usually a dead give away that things are looking very good for the coming years.
Few decent lots going through at 75c mark....
Cap raise at 68 cents for ~$20m
Another 30 million shares (currently just over 100 million)
Should keep them going for a while
Another SP price drop coming up then?
Their last announcement had one of the largest US communications companies using their platform with positive impact on fiscal 21... now a raise at a discount
Bell Potter Securities Limited (‘Bell Potter’) is Lead Manager and bookrunner to the Offer.
Australian broker.
Most probably to our advantage seeing more Australians on IKE's share register.
Sort of stock they fall in love with, and run up the share price...lol.
Just remember you can apply for more than your entitlement.ie 100%more ,so if your entitlement is for 500 shares you can apply for an extra 500,taking it up to 1,000 shares at 68 cents.Off course if you do not get the extra 500, you have that money refunded.
Well worth considering,as I see the funds being used to support growth, rather than just to stay in business.
I do not have a big holding,yet I will be taking up my rights and applying for my full amount of extras.
"Outside the benchmark, utility measurement firm ikeGPS said it will raise almost $20 million of new equity after winning one of the largest communications infrastructure companies in the United States as a customer. Its shares were halted at 77 cents."
"Relating to the announcement, IKE CEO Glenn Milnes, commented.
+ We are pleased to be working with this tier-1 infrastructure group. Our objective is to get them
to market faster, be it fiber or 5G construction. For this particular customer, the IKE platform
has proven to more than double their pre-construction speeds for network deployments. "
The momentum keeps building.
I wasn't expecting this cap raise, however it is a smart move IMHO, particularly given the Covid circumstances in the USA and need to strengthen and execute within that market........I'll be participating.
The momentum is building.... the cunning plan is coming to fruition...... we are well positioned.
Wonder Bell Potter being the lead manager for the cap raise is sign of things to come that more companies will be flocking across the ditch along likes of Plexure.
Documentation says NZ registered addresses only, or at company's discretion.
First day of trading after Trading Halt and successful Institutional Cap raise at .68c opening around .80c this morning. Augers well for holders.
(Disc - Holding )
I am surprised by the bump in price. Looking good!
Just mind boggling to see large parcels at higher highs....wow :t_up:
Became a shareholder after the last results announcement, small holding in relative terms. Think the cap raising is a good sign and signals the growth opportunities available, will be taking up my full entitlement in the rights issue.
Buy of the day to my mind , if one reads between the lines and does your research this company could be the winning share of 2021 if all goes well and they tick 90% of their boxes.
Courtesy of poster on HC, bit of explanation for y'day volumes both on NZX ans ASX.
Regal, Ellerston, OC Funds jump onto ikeGPS's register
Dual-listed power pole data solutions company ikeGPS has welcomed four Aussie institutions onto its register, as it seeks to improve its liquidity on the ASX.
Street Talk understands funds including Regal Funds Management, Ellerston Capital, OC Funds and Washington H. Soul Pattinson all jumped into ikeGPS's NZ$19.7 million ($18.4 million) capital raising, launched this week.
Really wish that list didn’t include Regal
Did you see this?
I’ve registered for the presentation
ikeGPS ("IKE" or "the Company") (NZX: IKE), a company aiming to be the
standard for collecting, analysing and managing pole and overhead asset
information for electric utilities, communications companies, and their
engineering service providers, is pleased to announce it will present at the
NWR Small Cap Conference to be held on Tuesday 4 August. The Company invites
shareholders and investors to view a live streamed video presentation with
CEO, Glenn Milnes.
Event: NWR Communications Small Cap Conference
Presenting: Glenn Milnes (CEO)
Time: Tuesday 4 August, 11:30am NZST (9.30am AEST) for 30 minutes
Investors are invited to submit questions prior to the event to:
simon@nwrcommunications.com.au.
Investors can register online to view the presentation here:
https://us02web.zoom.us/webinar/regi...Rtu_YzDIlMGBhw
Current traded price on ASX at 89c AU.
From their capital raise presentation.
➕ ikeGPS (“IKE”) is an innovative developer of a technology platform used for the collection, analysis, and management of networks attaching to
power poles in North America
■ We have 46 staff today and are headquartered in Colorado, USA
■ Our solutions enable power utilities and telecommunications companies (fiber, 5G, phone) to assess and deploy their networks more
quickly, cost efficiently, and safely
■ We have a tier-1 client base including AT&T, Verizon, and Crown Castle among others
■ We have a Board and executive team with deep industry experience – from AT&T, Vodafone, Cable & Wireless, NBN Co, Tilt, Spark
➕ Our products are experiencing organic growth and utilization in the U.S. market:
■ We speed up the construction process for network deployments
■ Our products save customers money via less field time, and with increased quality and safety
■ We are taking advantage of an expected super-cycle of >$350b investment in fiber network and 5G deployment across the U.S. over the
coming 5+ years
■ We have “first mover advantage” and network effect potential from our large and high-profile customers
One thing I find fascinating is they've had all these top tiers companies and were "standardized" last year too yet revenue continues to track slowly.. Maybe the 19 mil is a hint at a bigger project, however questionable how much change this will yield on the balance sheet.
IKE is currently a very small company with a market cap of under $100 mil NZ.
The likes of Verizon [US market cap us $ 257.855 Billion] and AT & T [US market cap of us $210.76 Billion] will be making sure IKE has the capital to stay in business,otherwise it is a waste of time dealing with them.
So I would expect the capital raise is in part, to allay major clients fears of IKE not staying the distance.
Make sure to tune in at 11.30 am today for presentation by CEO @ NWR Communications Small Cap Conference..
Unfortunately couldn't attend, does anyone know if this was recorded and available to view?
I liked "not going to throw guidance out there"...
...but potential revenue of ***,***,*** in the next few years if things pan out...
I listened and it was interesting. I saw a REC button so it was definitely recorded. Check the NZX announcements for information or contact the organiser simon@nwrcommunications.com.au
Pity there wasn’t a bit longer for Q&A.
I liked his confidence in the connectedness of the board within their market. Should be an exciting next few years with the money now in reserve.
I have taken up my quota of the share offer - and applied for as much again so hopefully not everyone out there is as greedy and I get scaled.
Would make sense.
I had not considered that,but with the huge amount of capital being invested in the sector,I guess anything could happen.
Decent volumes going thro' at 91c...
91 100,000 14:53 SP 91 7,924 14:47 91 767 14:36 91 501 14:36 91 2,228 14:36 91 10,076 14:36
Sent of my application online for my share of rights and extra that I'm eligible for. Will be bit overweight on this one if I get all of my allocation. But can't complain looking at the way sp is trending, especially on the ASX.
Have they stated your allocation or have they just accepted the application and debited your money?
I got the full allocation. So all good
Dear Shareholder,
Payment by direct debit - ikeGPS Group Limited Entitlement Offer.
We confirm the receipt of your acceptance and direct debit instructions for participation in the ikeGPS Group Limited Entitlement Offer.
Per your application, $xxxxxxx has been debited from your nominated bank account on 03/08/2020.
The New Shares acquired under the Entitlement Offer will be allotted on Wednesday, 19 August 2020.
If you have any questions please do not hesitate to contact us by reply email.
Yours sincerely,
Link Market Services Limited
.
I agree MacDuffy. They have debited the full amount (allocation plus extra) but will credit back the difference based on how the uptake unfolds. My view is that is very unlikely we will get our additional allocation.
My reading is that you will get your full allocation 1:7 plus 100% oversubscription at 1:7 provided you take up your full allocation and apply/pay for both. JMO. DYOR.
Nice boost for holders with today's SP trading at 34% above the issue price.
Holders are 'well positioned.'
Surprised there wasn’t more of a sell down already as people cashed up on the understanding they would get their full allocation. So I don’t expect there will be much after allocation either.
Everyone keen to hang on to them at the moment. I’ll definitely be more overweight if they grant all I applied for.
It states in the offer document that a max of 14.6m new shares will be issued which represents 1 for 7 issue on the current no of issued shares. Everybody Who has applied will get the 1 for 7 but expect significant scaling on the additional shares. My guess is that I will be lucky to get 25% more.
I wonder whether the board in their wisdom will issue a statement ?
The board has been overwhelmed by shareholders support,and has decided to reward all those who applied for extra shares,by accepting their monies.
Therefore the amount raised will increase by $xxx......
Living always in hope...lol.
I think you’re right, while rights are guaranteed, not sure if extras that you apply for are 100% guaranteed. Depends on demand and available shares left out from remainder of rights uptake.
Given strong sp and demand coming from across the ditch, doubt any eligible shareholder would be silly not to apply for their share of rights.
Agree.
My reading of it is that you have an ENTITLEMENT of one share for every seven shares that you own. On top of that you can APPLY for additional shares.Those additional shares are only available if other shareholders elect not to take up their entitlement. I expect that those additional shares will be scaled. I don’t see anything in the offer document that says that they can accept oversubscriptions.
From the offer: “ Those who have taken up all of their entitlements in full may apply for additional New Shares up to an additional 100% of their pro-rata entitlement by completing the appropriate section on the Entitlement and Acceptance Form, or as directed by the online application. Payment must be made for both your entitlements and any additional New Shares for which you wish to apply.“
From the terms of the offer:
“Allocations and any necessary scaling of additional New Shares applied for by Eligible Retail Shareholders who take up their Entitlements in full will be determined by ikeGPS and the Lead Manager”
Was not sure I could do it.I usually have to get my broker to take up my entitlements.
Thought I would give it a go on the Saturday morning,and surprised myself I complete the task successfully.
I cannot remember any example of a share price holding up so well during a new issue. Trading @ 92 c with an issue price set at 68c. I think that we will be very lucky to get 10% additional shares.
From memory ATM held up well during their SPP. Heavy scaling on that offer. Of course, that was several years ago...
If it's for a good reason (such as being able to meet the requirements of a substantial contract) then it potentially signals the making of a company...
Attachment 11845
More accumulation via off market...
90.5 325,196 12:03 SP
Primed to break $1 mark sooner going by the trend..
It certainly appears that at least one of the big boys didn’t get enough in the share offer.
Doesn’t bode well for me getting all I put in for.
What about “Born to be Wild”
https://www.youtube.com/watch?v=5UWRypqz5-o
If only 66% of eligible shares were taken up it doesn’t sound like they needed to scale the other $1.6 million. Be interesting to see how much they scale us back.