All sounds sensible, you are aware of what you're getting into, understand the service they provide and understand that it's speculative.
Insider purchases look good as well.
Looks like it's going through an inflection point around now.
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I use to rip on IKE, my favorite thing to highlight was that the only thing to increase over the last 5 years was its share count lol.
Anyways like you say SailorRob there has been an inflection point and i would recommend anyone to have a read of the last 3 quarterly updates
I’m really looking forward to watching the progress this year. Balance sheet is strong too.
Finally some activity/momentum happening, could we crack $1?
I was being positive…saying it’s going to go over $1 soon and because it’s been there before there’s really no barriers / resistance to hold it up
Retracing steps is easier than finding a new path
Hope it’s a $1 by next Friday and then we all say whoopee
Total addressable market in 2023 is $100b (Network investment across US and Canadian electric utilities).
I think IKE will get 0.035% share of this for FY23
OMG the potential for IKE is HUMONGOUS
Yep!
I was just having a look at their website and see they made a new appointment just before Christmas - Director of Enterprise Solutions for Utilities. They definitely seem to be attracting (what appear to be) high quality personnel to these positions.
https://ikegps.com/energy-industry-v...for-utilities/
Should get Q3 update in a couple of weeks. Cant wait. the revenue growth lately has been amazingly good.
From 2016 to 2021 revenue growth was 0%.. Oops. Went from $9m per annum to.. $9m. Peaked at $10m in 2020. All good thou, this was the building phase. The business was establishing and investing in itself. Kind of like when a café set's itself up and needs to fit out the kitchen, buy the table and chairs, purchase the right cash register, stock the fridges etc before the money is made.
Q1 F22 is when things really started to crank. The 5 year 0% growth charged to huge QRT on QRT growth:
FY22 Q1 revenue $2.6m
FY22 Q2 revenue $3.1m = 19% QRT on QRT growth
FY22 Q3 revenue $4.2m = 35% QRT on QRT growth
FY22 Q4 revenue $6.0m = 43% QRT on QRT growth
FY23 Q1 revenue $6.8m = 13% QRT on QRT growth. 162% PCP growth
FY23 Q2 revenue $8.6m = 26% QRT on QRT growth. 177% PCP growth
Awesome stuff. Q3 will alone produce more revenue than they used to do in the 5 years before (p.a.)
They are on track to do somewhere between $35m and $38m this year at the current run rate.
Market cap is $145m.
I think a 5x revenue multiple is not unreasonable given the huge growth rates and the fact that they are operating in a recession proof industry with a fortress balance sheet and huge market (see my post above).
Thus we get to a 31 March 2023 market cap valuation of $175m to $190m.
Or target SP of $1.10-$1.19
Todays SP is $0.91 so a 20-30% gain on the cards. This is what i was looking for earlier today :eek2:
Disc. Holding and happy
SP is above the 50ma which is above the 100ma which is above the 200ma
i think thats good :confused: