Since it was a lot lower than last year.Positive.
Outlook very positive.
Long term outlook.Extremely positive.
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Is IKE
a "pick" for 2019 ?
It is my second largest portfolio holding so I am backing it for the comp.
Ike lent us one of their units back in 2005 for field trials, doing seismic drilling in Western Australia, recording shotpoints etc. It was one of there very early units and it was clunky but worked, ultimately the data we got wasn't worth it for us at the time but I saw potential in the company then. I'd kind of forgotten about them since then, good to see they've kept developing their solutions and are still headquartered in humble old Newtown.
I like what they're doing, picked up a little packet this morning.
Disappointed Bill Morrow has been issued 250,000 options, that have a strick price of 64 cents and expire 31/12/2021.
Current sp is 75 cents.So without adding any value, Bill is already $27,500 in the money.!!
No incentive for Bill to add value for shareholders.
Perhaps they should have had a strick price of $1.00.?
I guess today's downgrade comes as no real surprise.
I will continue to hold,as I have always expected sales will be a little lumpy.
Elusive retirement moves another year further out. Hopefully only a minor hiccup in the greater scheme of things.
Unfortunately, I’ve come to the opinion that IKE will continue to be an under-performer, yesterday’s release confirms my argument last year that their business model may be flawed because they lack a sustainable revenue stream.
I got badly beaten up by Xirr (guest) back in mid-2015 when I first joined specifically to go to bat for IKE in response to Xirr’s damning posts, he argued the promoters had over-hyped the product which he called "nothing new" crap hyped up by the promoters. Looks like he was fundamentally right!
The one thing Xirr and I agreed about was there’s little supervision of these small cap companies by the NZX, they can spin disaster into success through carefully crafted market releases with virtual impunity! IKE’s forecasts have been appallingly wrong.
This is a timely topic, a business friend sent me yesterday’s media release NZX & FMA initiate industry review: Capital Markets 2029. My response was:
“Had a squizz at the article, I’ll eat my hat if they can turn the NZX around.
The fundamental problem is NZ is such a small capital which the NZX can’t do much about, its top heavy and inefficient relative the larger overseas bourses.
It doesn’t help that the NZX arguably doesn’t effectively enforce the listing rules and the FMA doesn’t adequately police the NZX, investors can’t rely on their governance for protection from the cowboys. A good example is there’s no serious vetting of market sensitive company announcements, the cowboys get away with murder by over-hyping financial projections, and the NZX was proposing to stop doing any policing of announcements at all.”