IKE - Ike GPS.com

**Rawz** · 08-12-2023, 12:52 PM

52,000 shares on offer at 41 cents. Wonder how long until someone says f*&% it and sells into it

**na2m1** · 12-12-2023, 04:24 PM

This company need a quick turnaround. Not too sure how long the cash pile will last with the losses it has experienced. If it continues $6 million cash burn for every half year, capital raise will be needed by the next year-ish

**winner69** · 12-12-2023, 04:41 PM

Must be IKE’s turn to get an offer to buy them out

Really only them and Wgtn Drive left of the oldie tech outfits that have frustrated punters for years

Their turn will come

**Rawz** · 12-12-2023, 04:48 PM

Originally Posted by winner69

Must be IKE’s turn to get an offer to buy them out

Really only them and Wgtn Drive left of the oldie tech outfits that have frustrated punters for years

Their turn will come

still a bit pricey isnt it W69?

**sb9** · 22-12-2023, 09:06 AM

Glen sounds very upbeat abt the new contract win and future of new pole tech platform launched recently.

**winner69** · 22-12-2023, 09:07 AM

Originally Posted by sb9

Glen sounds very upbeat abt the new contract win and future of new pole tech platform launched recently.

Love the ‘tip of the iceberg’ bit

http://nzx-prod-s7fsd7f98s.s3-websit...990/410120.pdf

**na2m1** · 22-12-2023, 09:14 AM

Originally Posted by sb9

Glen sounds very upbeat abt the new contract win and future of new pole tech platform launched recently.

Well the contract subscription is about 3.7m.

Based on the historical gross margin of subsciption revenue(I am assuming 80% Gross Margin to be more conservative)
=$3.7m X 80% = $2.96m.

1H FY24 Subscription Gross margin was $4.5m
Plus the new contract is $4.5+$2.96=$7.46m

That is a 65% increase in gross margin ($ value)

If Glenn says is true, they get $6-$7m of additional subscription revenue, The subscription revenue will be about $11m ish witha gross margin of $8.8m(I use 80% GM)

Its good to hear news like this. Will keep a closer eye on the business.

Disc. Do not hold