Closed on ASX at 78c AU on Fri which is 86c NZ.
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Closed on ASX at 78c AU on Fri which is 86c NZ.
Overshooting?
https://www.marketscreener.com/quote...ITED-20707997/
From an NBR article - what they heard in the investor call post announcement:
Asked on today’s call whether the potential incidence of a recession in the US and elsewhere would adversely affect the business, Milnes said it would not. “We’re fortunate because of the industry that we’re in; it’s very defensive to those types of recessionary headwinds.
“I think the exception to that may be how [fast] the communications companies ... keep building their next-generation networks if they’re fearful of underlying consumer behaviour. But the customers we’re supporting and the projects we’re supporting are generally multi-year capex and opex projects that are very well committed-to already.”
Milnes said the outlook looks “robust” and he expected FY23 to be “another significant period of growth”, given the contract backlog will be delivered in the period.
I can't find an audio recording, but the presentation is here: https://ikegps.com/wp-content/upload.../07/375141.pdf
I have been unimpressed with IKE in the past and shared my views that the only thing that ever goes up is the share count…
However right now I believe is the best time to start buying. That update the other day was very impressive. On the call they said they have 5% of potential customers.. so a lot of room to grow in terms of customers and then you will see more revenue per customer as they build new products.
Being on the verge of cash flow positive takes a lot of risk off the table.
Looking forward to the coming updates and watching the huge double digit revenue growth.