IKE - Ike GPS.com

[winner69]

Somebody raved about Director Roz today

[sb9]

At today's market cap of $88ml, its pocket change for some big corporate. Glenn probably would want double that at least.

[dumbfounded]

What's going on here.... Up 13% to .54 on pretty big volume....! Hardly any sellers... No news...?

Perhaps this news appearing in WSJ 19/7 entitled: Get ready to pay more for electricity: As the grid becomes increasingly unstable, utilities ramp up spending
Two most exciting bits, perhaps:

"Utilities are expected to invest more than $165 billion a year in 2024 and 2025 to make significant upgrades and replacements, according to trade group Edison Electric
Institute, more than any year since the group began collecting data. Many utilities are also ramping up spending on routine activities such as maintenance and
tree-trimming to reduce outages, and, throughout the West, wildfires caused by fallen power lines."

"Utilities from Michigan to New York and beyond are planning their largest capital investments since World War II as the grid becomes more
unstable as a result of age and extreme weather."

[Rawz]

the ask side looks like the buy side 3-6 months ago. Nothing there.

Well well well how the turntables

[Greekwatchdog]

Good news.
ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to announce it has secured a contract that is expected to generate ~NZ$19m revenue over the coming ~36 months.Highlights Expectation for ~NZ$19m platform transaction revenue. Revenues are expected to be delivered and recognised over the next ~36 months. Supporting the delivery of a multi-year fiber and grid resiliency program across the network of a prominent utility in the southwestern United States. The contract begins immediately, from the end of July 2024. Another important step towards targeted EBITDA breakeven and continued high revenue growth.IKE CEO Glenn Milnes commented, “We are excited to announce this significant product expansion with a longstanding partner, underscoring their confidence in our technology and solutions. This deal will strengthen our platform transaction revenue stream over the next several years, noting that these types of contracts require the customer to deliver network data to IKE and that the timing of associated revenue can vary based on customer execution.“Fiber build, grid resiliency and grid hardening is a major focus for the 3,000-plus utilities distributing power and commnunications across North America, and we expect this specific market tail wind to continue for the coming two or three decades. IKE’s products have been built to drive productivity into the end-to-end deployment and grid resiliency process, and we remain focused on delivering exceptional value and customer experience to these important infrastructure groups.”ENDS

[bull....]

looks like the news leaked early on this one

[whatsup]

Good news.
ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to announce it has secured a contract that is expected to generate ~NZ$19m revenue over the coming ~36 months.Highlights Expectation for ~NZ$19m platform transaction revenue. Revenues are expected to be delivered and recognised over the next ~36 months. Supporting the delivery of a multi-year fiber and grid resiliency program across the network of a prominent utility in the southwestern United States. The contract begins immediately, from the end of July 2024. Another important step towards targeted EBITDA breakeven and continued high revenue growth.IKE CEO Glenn Milnes commented, “We are excited to announce this significant product expansion with a longstanding partner, underscoring their confidence in our technology and solutions. This deal will strengthen our platform transaction revenue stream over the next several years, noting that these types of contracts require the customer to deliver network data to IKE and that the timing of associated revenue can vary based on customer execution.“Fiber build, grid resiliency and grid hardening is a major focus for the 3,000-plus utilities distributing power and commnunications across North America, and we expect this specific market tail wind to continue for the coming two or three decades. IKE’s products have been built to drive productivity into the end-to-end deployment and grid resiliency process, and we remain focused on delivering exceptional value and customer experience to these important infrastructure groups.”ENDS

With this " great " news I think that it wont be very long until we are back to our former glory of $1.10 PLUS, if that is reached who knows where we go "if " they can continue to deliver on more contracts.

[sb9]

Couldn’t help but grab a bunch at open on back of such a bullish announcement. Very overweight now…

[dln]

I was overweight yesterday, today I'm underweight ...

[Cobber]

With this " great " news I think that it wont be very long until we are back to our former glory of $1.10 PLUS, if that is reached who knows where we go "if " they can continue to deliver on more contracts.

$1.10 sounds like fun. But after all IKE's platform investment, I'm more interested in seeing a tipping point now by local industry, with a share price heading more towards $5.