Adding more on any good news so purchased a few more yesterday..... up 38% on my av hold SP, so pretty happy (so far.)
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Adding more on any good news so purchased a few more yesterday..... up 38% on my av hold SP, so pretty happy (so far.)
Sold out after the last discounted rights issue (around 85c) and recently got back in the for the long term at $1.10. Lesson to be learned there... ;)
I managed to snag a few for my daughter on open yesterday - after getting caught out by the early close on the previous session. Lucky to get in before people noticed the good news.
Up 72% on my overall portfolio so pretty happy here too.
I see a significant trade just went through so someone has decided it is time to buy in - unless it was part of the announcement yesterday?
ATH @ $1.23 today.
Chart is looking good from a technical point of view. After some healthy consolidation we are looking for continuation of the uptrend by breaking the $1.20 level. The volume in the last two days really backs this up with ~1.7% of the float traded. 200,000 shares were traded at $1.21 aftermarket so that should be the new support price. Expecting $1.30ish on this run.
Disc: holding swing trade position.
Attachment 12180
Q3 announcement not too far away?
.......... providing another buying opportunity.Quote:
Need to put out an exciting update or else may dip below a buck.
Still no sign of quarterly update...
more good news
http://nzx-prod-s7fsd7f98s.s3-websit...459/340157.pdf
Anyone have the note published by Bell Potter? Interested to have a read on it
Wouldn’t want IKE to get on the radar of these ‘crooks’ and do what they did to Nearmap in OZ
Suppose IKE to small anyway
https://www.smh.com.au/business/comp...12-p571z3.html
Yes IKE being so much smaller with a market cap of just $146 mil compared to NEA's $1,063 mil,they would have trouble borrowing/renting stock,and leave them selves open to a big squeeze.
Lots of media coverage in USA of the power infrastructure not coping in their harsh winter. Particularly in Texas. IKE to the rescue I hope.
What's going on here....
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
IKE
17/03/2021 08:31
ADMIN
NOT PRICE SENSITIVE
REL: 0831 HRS ikeGPS Group Limited
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
Bill Morrow to leave the IKE Board
ikeGPS (IKE) today announced that non-executive director Bill Morrow intends
to stand down from the IKE Board on or before 30 April 2021. Bill has
recently accepted a senior executive position at AT&T Inc., the world's
largest communications company, as CEO of DirecTV, the business that in 2020
had US$28 billion in revenues, 17 million customers, and 13,000 employees.
Commenting, IKE Chairman Rick Christie, said "On behalf of the Board I would
like to greatly thank Bill for his valuable contributions over the past two
and a half years as the IKE business has gone from strength to strength in
the U.S. market. We wish him well in his new and considerable role, and on
his move to Los Angeles'.
Bill Morrow, said, "It is bitter-sweet that in taking on this new executive
position that I am required to step away from IKE in a non-executive
capacity. I believe strongly in the long-term growth potential of the
business and look forward to remaining in contact with the team in an
informal advisory capacity".
ENDS
The website has a quite slow response - double post - deleted
Another positive announcement today.
http://nzx-prod-s7fsd7f98s.s3-websit...378/342664.pdf
Hopefully, we will see a bit more momentum now. It has been pretty slow and steady for a while - mostly slow.
But still holding a sizeable stake waiting for global domination.
Anybody watch the latest presentation at the small cap conference? I must say this would have to be one of the most highly underrated potentials we have on the NZX right now. I feel they have more upside potential than say plexure, without all the BS PR, a reasonable moat, and in a solid infrastructure sector. Can anyone convince me im wrong??
Bell potters coverage at $1.40 seems to have gone completely unnoticed also.
Totally, although often you see some short term appreciation towards it, followed by a pullback. Haven't seen anything like that! Basically this company has put out positive after positive announcement, including a acquisition, and a gateway client and yet its still sitting beneath a $1! Its clearly not sexy enough, although for me this is the girl next door you marry!.
I'm quite comfortable acquiring more and more of these for the bottom drawer.
Imagine if this were on the NASDAQ
Been a bit more activity of late. Although the Aussies seem to be offloading to keep the price depressed.
One day ... one day.
IKE had to bulk up their balance sheet.The issue was well supported.I think their big US companies had concerns about dealing with a small company,perhaps being seen as under financed..I am just guessing this.
The huge US companies are making a big commitment to IKE, by aligning their systems to IKE's.So if IKE went bust it would cost the major telegraph and electric companies a great deal to replace IKE's systems.
This could mean IKE is attractive to AT&T and others in the sector. They could also be of great interest to a private equity fund, owning a company with such a strong major blue chip client base.
Another great director coming onboard.
http://nzx-prod-s7fsd7f98s.s3-websit...989/343408.pdf
I think this is a real sleeper. Mainly because the majority of shares are tightly held by the insiders we don't see the same trading activity and the market gets bored so a few sales drive the price down over time.
Potentially COVID had a bit to do with cooling the 5g roll out but we should start to see some cranking over the next 12 months or I have misplaced my trust and a sizeable stake.
FY21 performance update for 12 months period ending March 21 shouldn't be that far away...
there 180 million power poles in the USA alone.
back of the envelope stuff here, but if one company has 350,000 poles that translate to $1.2 million in transaction revenue in a year, the size if the addressable market is.....
when will people recognise this has as much upside as PEB
I wish you had said as much upside as PAZ rather than PEB...,lol.
Disc hold IKE and PAZ,and never held PEB.
Does IKE earn any reoccurring revenue on these power poles or is it a one charge thing? Then wait 50 years for the next service?
Sorry if that seems like a silly question. I don't know much about IKE GPS but listened to a podcast the other day talking about how the USA electricity network is completely outdated and billions and billions will need to be spent upgrading it for the coming green electricity revolution (electric vs fossil fuels). At the time I thought this company could benefit but havnt had time to do any research.
Thanks in advance
Nice market update from IKE see it here.
FY22 looking exciting.
"We are also pleased with the broader strength of new contract wins over the quarter to 31 March, of approximately $5.4m, and now with contract wins in the initial weeks of Q1 FY22, of approximately $2.2m. This provides real momentum for growth for our FY22 to March 2022.”
IKE will gain reoccurring SAAS revenue. Read a few of their last annual reports and you will appreciate how their business model has changed..... In FY20 approx 70% of IKE's revenue described as "reoccurring or subscription transaction services."
"The transition to the IKE Analyze business model was initiated in FY19 and was matured through FY20. Adding
to our historical model of selling field tools and software subscriptions, IKE Analyze leverages our cloud-based pole software platform so that IKE can deliver significantly more value to customers via engineering reports and analysis. The depth and specificity of the IKE Analyze offering for distribution asset projects is important and provides an opportunity to access materially larger customer contracts. As a result of this product transition, approximately 70% of FY20 revenue was derived from either recurring subscription or transaction sources."
And away goes the SP!
I am an investor in IKE, but do have some reservations, mainly over whether its the best solution for data collection in the field. I can't help thinking that for a quick and dirty assessment of pole conditions, a drone would be best. It's the scale of the problem that I'd struggle with if I was the CEO of a utility company. I'd do a drone or fly by with a high resolution camera/GPS to assess overall network condition. IKE seems to be in the more detailed asset inspection phase, which is nice for accountants to work out renewal budgets, optimised depreciated replacement cost, etc, but probably doesn't add much for the operations managers.
A very niche solution provider. Could be huge, but could be cut off by a rough and ready outfit giving the pole companies a "good enough to get started" solution.
Somehow I doubt the companies that are currently using IKE, or those considering engaging them, would be interested in a “good enough to get started” solution. Efficient, high quality data collection is essential when one is talking about networks of millions of poles. Not just for current major upgrades but for future, ongoing maintenance and regulatory requirements. This market is huge.
Note mention of using drones and smart phones to collect pole data.
https://stocknessmonster.com/announc...ke.nzx-365791/
Yep, saw that, it's got to be the way to go. Concerned that they're over complicating the solution. I've rejected software because of too many bells n whistles, just too hard/too many boxes to tick in the field on a rainy day. A fly-by that can be reviewed in the office is a great solution.
KISS and IKE should be unstoppable. Just a risk for investors to consider. More drones, less shoe leather. It'll be the company that offers the most efficient field gathering data solution that'll win the big contracts.
"Undoubtedly, the next evolution of mass field data collection will involve drones and LIDAR. When that standard is set, IKE Analyze will be ready to optimize data from both those sources. Until then, we will keep providing and optimizing the IKE device that has already revolutionized field data collection."
Quote from the IKE website.
Seems they have acknowledged the risk and hopefully have plans to make it into an opportunity. Partnership with General Atomics Technologies Corp., Northrop Grumman Corporation, Textron Inc., AeroVironment Inc. and Boeing Company would be nice.
Buy depth looking very strong, hasn't seen that in a while. Time for catch up with all good news perhaps...
Finally punters are realising this one is a no brainer!
Results just out..... see here
Pretty much BAU for FY21 but FY22 and beyond looking v interesting.
+ IKE has closed approximately $8.8m of new contracts in calendar 2021 as the
North America market has emerged from COVID-19 impacts and network projects
are accelerated.
+ The final quarter of FY21 to March was strong, with record new contracts
closed as project deferrals through calendar 2020 were eased.
? Approximately $5.4m of contracts were closed in Q4. A majority of the
associated revenue is expected to be recognized through IKE's FY22 period to
March 2022.
Very bullish outlook for FY22 :t_up:
But wait..... there is more......(updating what IKE has said previously)
Broader market tailwinds continue to support the growth potential of IKE's
business, with more than $300b forecast to be invested into fiber and 5G
infrastructure over the next five plus years, with the potential for more the
$80b of government funding for rural broadband initiatives, and with more
than 3,000 electric utilities needing to address the challenges of network
assessments, strengthening, engineering, and maintenance. The IKE platform
delivers network assessment, execution and maintenance processes that are
faster, safer, and to a higher quality data standard.
Leaky ship then?
5% jump day before results. After being in the doldrums for some time.
Check the chart.
Charts are not the be-all and end-all. I prefer to study the company and get a good understanding of what it is they do. This company has smarts. They know what they are doing and understand the huge potential the electricity and telecommunications sectors present. Share price simply reflects the fact that I'm not the only one who believes it.
The chart is telling us someone had inside knowledge and started buying before the announcement reversing a falling price trend.
That's what Nor is saying.
I like the prospects for IKE too but was a bit bemused at the sudden uptrend with no announcement myself.
All becomes clear now.
The chart is telling you someone started buying before the results announcement. It is not
telling you they had inside knowledge. That is nothing more than supposition. It is much more likely that whoever was buying was anticipating a positive results announcement and topping up in advance. If I had had funds available I'd have done exactly that.
But hey, what do I know.
Last Tuesday I brought GTK before their announcement on thursday as I thought it would be good.Got it right.
I think others were confident IKE would come up with the goods and got in before the announcement.
Just all normal to me,in fact I would say "no surprises there."
I have been on the fence with GTK for a while because of their UK problems. I have been holding and not adding but you were smart to pick it and buy in advance
As for IKE. I see long term potential for this company to continue to grow. Seems like a good product backed up by good marketing and management
GTK.I am surprised how much the market has rerated them.Good and bad in the result.Next update should paint a clearer picture.
IKE.I agree with your comments.However it is their "stickiness" which I see as their moat.Once their big clients go onto IKE's system, I see them there "until death do us part.".
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I agree. From what I can tell most clients are signing on the dotted line, after an initial trial period. As long as those trial periods continue to demonstrate that IKE has an excellent product and can deliver what they say they will, clients will jump onboard and commit long term. The long term relationships/commitments is where the money will be. The pool of potential clients is huge.
From the webinar just now … not word for word but close enough.
”We aim to build decades long relationships … and be the partner they can’t live without”
Possibly a bit slower growth forecast than one might have wished for.
I like the positioning in the market that will assimilate rather than go head to head with various competition streams.
And the ability to franchise or white label the IKE platform is also nice string to the bow - following in the footsteps of the likes of SKO.
Still looking like a safe money bet if not an exciting money bet in the immediate future.
After watching the presentation and from Q&A, think they'll do at least $20mln revenue for FY22.
good presso. Hard to get a good handle on margins, growth rates, etc but in a nutshall IKE seeks to earn annuity-like revenues by providing innovative and efficiency-enhancing services with respect to mission-critical assets of essential services providers (monopolies). that is a very sound investment thesis, even if modelling value is hard.
Yessss! Exactly what Percy said about "stickiness"
This company seems to be doing everything right
You can have a company with a great product and crap marketing that never goes anywhere (Blis and Rakon come to mind although they have shaken up their marketing and management a little in the last year) but this one has it all
Finally, starting to crank up...
Analysts presentation must have done the trick!
Well done patient holders, much more upside yet. :t_up:
need to start watching depth on aus side. huge buying queue. its been largely ignored in aus until now
Check it outAttachment 12570
And up it goes. Having one of those “I knew I should have transferred those funds and bought more last week” moments ;)