When investing during a recession it’s good to find companies that can grow through a recession and have a strong balance sheet
Tick tick for IKE!
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When investing during a recession it’s good to find companies that can grow through a recession and have a strong balance sheet
Tick tick for IKE!
Well done IKE, profit of $1.1m and revenue of $15.4m for 1H.
This company is going places. Ramping up for a great future in my humble opinion.
https://www.nzx.com/announcements/403197
I agree. Great momentum and now that the company is NPAT positive a lot of investors will now be able to look (and invest) in this company. Great micro cap investors like Ian Cassell say stay away from the companies not making a profit. so IKE will now pop up on a few radars.
Stats say buying in at the quarter before a micro cap turns positive is when you make a killing. So will be interesting to see what happens to the SP over the coming weeks now the confirmation has come in that its npat positive.
Percy will be happy.
Webinar on Thursday:
Quote:
ikeGPS 1H FY23 Investor Webinar
29/11/2022, 11:45 am MEETINGikeGPS 1H FY23 Investor Webinar
ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to announce, following the release of its 1H FY23 Interim Financial Statements this morning, the Company’s CEO Glenn Milnes will host an investor webinar on Thursday 1 December at 9.30am AEDT, 11.30am NZT.
Investors and interested parties can register for the presentation via the following link:
https://us02web.zoom.us/webinar/regi...SL-rhidpGbWcTA
Investors are invited to submit questions prior to the event to:
simon@nwrcommunications.com.au
In Bell Potter's 2023 picks
ikeGPS Group (IKE)
IKE delivers operational efficiencies
within Utilities and Communications
companies and related Engineering
firms by replacing legacy processes
with hardware and software solutions.
In addition to posting 1H23 revenue
growth of 169.8% vs. pcp to $15.4m,
which was roughly equal to its full
year FY22 revenue of $16m, IKE also
delivered a maiden interim positive
operating cash flow and statutory net
profit. The result was driven largely
by increasing transaction volumes as
use of its software and services grows
within IKE’s enterprise clients. IKE’s
business activity is underpinned by
the $310 billion fibre and 5G rollout
in North America, which offers IKE
the opportunity to embed its solutions
within clients.
Buy (Speculative), Valuation $1.21 [Note au]
Ramping up the share count at a hell of a rate of knots.
Extremely expensive funding for existing owners.
Wouldn't read too much into a small accounting 'profit'. When you're hovering up that much capital and in this type of industry there are a lot of moving balls. Doesn't look madly expensive but this stuff is bloody difficult.
The real question is will they make a decent return on all the equity capital they are hoovering up.
I don't know anything about the company but JAK said it was her biggest position alongside OCA.
Just be damn careful, very very speculative. I see The mighty Cathie Woods on the register too.
Can also produce very high returns if successful. But very difficult to analyse.
If you wan to see a business with exploding revenues then start a company offering $100 notes for $50.
My "biggest position" equates to only 5000 shares, so nowhere near as many as you probably imagined ;)
I have allowed myself one speculative holding - and IKE is it. I have looked into IKE very closely, to get an understanding of exactly what they do. My ex husband was an electric line mechanic, which gave me a basic introduction to the electricity distribution industry, and an awareness of some of what is involved with network construction and pole maintenance/monitoring. I am no expert by any means, but the knowledge I gained while we were together, has definitely helped me understand and appreciate what IKE does, their business ambitions, and the potentially huge market the US electricity and telecommunications sector presents.
I went into it knowing this was a calculated risk, and I am more than happy to be invested. If IKE continues as they currently are, stays focused, and ensures they continue to meet (exceed) the needs of their "sticky" customers, I have no doubt this company will be a success, and a smart long term investment.