IKE - Ike GPS.com

[sb9]

As per ASX release, MA (Moelis Australia) Financial Group is a new SSH in IKE.

[winner69]

As per ASX release, MA (Moelis Australia) Financial Group is a new SSH in IKE.

Good sign

Been buying since April too

[bullfrog]

Looks like a delay in Bidens Build Back Better Bill, I wonder if this has already been baked into the IKE SP, or if a further fall may be on the cards. Either way, BBBBB should have given some companies a wake up call to get on with their asset inspections, still good tail winds for IKE.

[percy]

I note Australian broker Bell Potter has selected them for 2022.
Target price is in au.

ikeGPS (IKE)
ikeGPS (IKE) is a specialist technology
company that delivers a platform
used in the collection, analysis, and
data management of power pole
infrastructure assets. The company
services the North American
Communications and Utilities markets
and is leveraged to the US 5G & fibre
investment cycle, which is projected
to see Communication infrastructure
providers invest ~US$300bn to upgrade
existing networks and deploy new 5G
capabilities across the U.S over the
next 3-5 years.
CYTD IKE has signed ~NZ$21m of new
contract wins (~$6.9m since Jun’21)
laying a strong foundation for 2H22 &
FY23 (March Y/E). With ~308 enterprise
customers utilising IKEs Platform,
we believe there remains significant
opportunity for IKE to expand its
share of wallet with some of the
largest utilities and communication
customers in North America. The
company remains in the early stages of
commercialisation of the IKE insight AI
product, which will provide incremental
revenue and cross sell opportunities
which we believe will support further
contract and revenue growth over the
medium term.
Buy (Speculative), Valuation $1.25

[Pegasus2000]

Thanks Percy. Just sit back and enjoy the holiday season - it will be alright.

[Ferg]

Has there been any indication from IKE (e.g. prospectus, media releases, investor presentation etc.) as to when they expect to be profitable? And did they disclose projected top line sales in their prospectus?
Thanks

[kiora]

Nearly there 2024?
https://www.marketscreener.com/quote...97/financials/

[Ferg]

I found their original prospectus which only gave a forecast for FY15 and FY16.

FY16 was forecast to have revenues of $14m. FY21 was $9.3m, FY22 forecast is $10-$11m (per Yahoo - is that right? Market Screener has FY22 at $15m). If they can get to $14m in FY22, that puts them 6 years behind schedule in topline revenues. They were meant to be cash flow positive in FY17. Even at $14m revenue it was not forecast to be profitable. This seems like a long slow burn. I don't fancy the prospect of future rights issues.

[kiora]

Cash issue looks like it would get them through until CF positive in 2025?
https://stocknessmonster.com/announc...ke.nzx-377061/

[Rawz]

I found their original prospectus which only gave a forecast for FY15 and FY16.

FY16 was forecast to have revenues of $14m. FY21 was $9.3m, FY22 forecast is $10-$11m (per Yahoo - is that right? Market Screener has FY22 at $15m). If they can get to $14m in FY22, that puts them 6 years behind schedule in topline revenues. They were meant to be cash flow positive in FY17. Even at $14m revenue it was not forecast to be profitable. This seems like a long slow burn. I don't fancy the prospect of future rights issues.

I believe they changed the business model to a subscription service with recurring revenue from a contract model with income paid upfront.

I’ve expressed my concerns about the business constantly raising cash from shareholders