IKE - Ike GPS.com

[t.rexjr]

All about the Q3 update

She'll be fine

[Cobber]

All about the Q3 update

She'll be fine

Unless this slow down is the new normal. You wouldn’t remove 20% of the company staff if you anticipated a bounce back.

[t.rexjr]

Unless this slow down is the new normal. You wouldn’t remove 20% of the company staff if you anticipated a bounce back.

They expect to be operating at a profit by end of 2nd quarter 24 with 25 financial year being first full year profitable. Maybe they just had too many staff now that some software development is ready to roll out.

[Cobber]

They expect to be operating at a profit by end of 2nd quarter 24 with 25 financial year being first full year profitable. Maybe they just had too many staff now that some software development is ready to roll out.

I’ve heard that before. Just another company promising profit one day.

[thebusinessman]

I feel like there's a buyout opportunity for IKE before they reach their profit promises. I will wait patiently for either.

[Rawz]

It’s not cheap enough to warrant a takeover imo. The revenue/price multiple needs to get down to 1.5x

[thebusinessman]

It’s not cheap enough to warrant a takeover imo. The revenue/price multiple needs to get down to 1.5x

I'm not talking about bargain hunters jumping on an opportunity.

[Pegasus2000]

Just the title from NBR: https://www.nbr.co.nz/investment/ike...-6-9m-hy-loss/
IkeGPS cuts staff by 19%, posts $6.9m HY loss. Pole measuring software provider says communications market slowdown has affected revenue, but long-term trend still positive.

[Cobber]

Just the title from NBR: https://www.nbr.co.nz/investment/ike...-6-9m-hy-loss/
IkeGPS cuts staff by 19%, posts $6.9m HY loss. Pole measuring software provider says communications market slowdown has affected revenue, but long-term trend still positive.

There seems to be a lot of management teams out there that have no idea how to make money and grow organically.

I won't be surprised to read in the coming year that upcoming loss's will then be attributed to investment in a new IT "engine"... LOL

[Rawz]

oh dear this is starting to timberrrrr hard. I did post not so long ago the SP could halve

was $1 not long ago. might do a 80% drawdown from its high