IKE - Ike GPS.com

[Brain]

Positive news followed by positive news and what happens? - the shares trade at 69c after a well supported capital raise at $1.00 not too long ago. The sharemarket is not and has never been rational.

[Rawz]

Positive news followed by positive news and what happens? - the shares trade at 69c after a well supported capital raise at $1.00 not too long ago. The sharemarket is not and has never been rational.

Yes agree. I have posted a couple of times about this company going nowhere (aside from the number of shares on issue). However I thought the last couple of announcements were pretty good. Especially the cash increasing $1m announcement.

Guess this is just in a downtrend. Wonder where it will stop

[Cobber]

Positive news followed by positive news and what happens? - the shares trade at 69c after a well supported capital raise at $1.00 not too long ago. The sharemarket is not and has never been rational.

I think the days of expecting investors to constantly bail out companies while they figure out how to turn a profit is at an end.

A lot of companies use NZX announcements as marketing PR to build hype. But they struggle to match this on their financials.

IKE won’t excite me until I start seeing some real revenue growth in their financials and a path to profitability.

[Rawz]

I think the days of expecting investors to constantly bail out companies while they figure out how to turn a profit is at an end.

A lot of companies use NZX announcements as marketing PR to build hype. But they struggle to match this on their financials.

IKE won’t excite me until I start seeing some real revenue growth in their financials and a path to profitability.

Good post Cobber and guess this is what the market is thinking

[winner69]

I think the days of expecting investors to constantly bail out companies while they figure out how to turn a profit is at an end.

A lot of companies use NZX announcements as marketing PR to build hype. But they struggle to match this on their financials.

IKE won’t excite me until I start seeing some real revenue growth in their financials and a path to profitability.

Accumulated losses over $66,000,000 now

Whatever Several customer wins and subsequent expansion examples, where both electric utility and communications accounts have grown from tens to hundreds of thousands and then to millions of dollars, help point to the potential network effects from operating across these related customer groups, and the larger future revenue opportunities that can arise over time will fix that

[Brain]

Good post Cobber and guess this is what the market is thinking

Yes and the market will continue to think that until it doesn’t and who knows when that will be?

[winner69]

I see Scobie Ward has a decent sized holding in IKE

Highly respected investor ..... decent holding in Plexure as well

[percy]

I see Scobie Ward has a decent sized holding in IKE

Highly respected investor ..... decent holding in Plexure as well

The main reason I bought into IKE was the fact former Ebos chairman Rick Christie was IKE's chairman.
Although he has stood down as chairman I am very pleased he has decided to remain a director.https://www.nzx.com/announcements/389884

[Pegasus2000]

Agree. Consistency is the key.

[sb9]

The main reason I bought into IKE was the fact former Ebos chairman Rick Christie was IKE's chairman.
Although he has stood down as chairman I am very pleased he has decided to remain a director.https://www.nzx.com/announcements/389884

After some selling pressure earlier in the year, chart looking healthy. Next announcement on May 3rd re Q4 and FY22 update should see it back in $1 range. Expecting some solid numbers in that report.