IKE - Ike GPS.com

[Rawz]

IKE up 12% today, off the back of the preso’s. What’s it trading at? 4x FY23 sales? And growing 70% wow back in the glory days of late 2020 this would be worth double!

[sb9]

Unbelievable this is trading under a buck, should be 1.50 at least based on the performance update this morning..

[Rawz]

Unbelievable this is trading under a buck, should be 1.50 at least based on the performance update this morning..

What update?

[percy]

What update?

https://www.nzx.com/announcements/400713

[Rawz]

https://www.nzx.com/announcements/400713

Great update. One may even say its fantastic.

So they will do about $37.5m in revenue FY23 with upside of $39.5m. 134% UP on FY22 on the lower end. During a recession/ downturn thingy.

And that is while management are focused on costs and maintaining the 'fortress balance sheet'.

I would be happy to pay 5x revenue for this given the amazing growth.

FY23 Rev
$37.5m= Target SP $1.18
$39.5m= Target SP $1.24

[sb9]

Knocking on the $1 door...

[Rawz]

Anything under $1 is cheap as chips! Im really excited to see the next update. the revenue growth is incredible and the balance sheet is strong. SP trading above 50, 100, 200 ma.
50 ma passed through the 200ma recently. Someone with more knowledge on TA might want to confirm but it looks good to me

The SP momentum looking really good. and the business momentum even better!

[Rawz]

The chart is looking very gooooood. So nice holding IKE. Looking forward to the next update. the company has such momentum. good stuff

[gmatt]

Someone bought a few today ........ when's the next update due?

[sb9]

Someone bought a few today ........ when's the next update due?

Yeah, 600k crossed at 92c a piece.

We should get 1H results sometime next week. That'll probably set the tone for next course of price movement.