-
What would none recommend
Originally Posted by percy
IKE was recently brought to my attention by someone whose record is second to none.!!
The 22nd of July presentation made excellent ready.
I greatly respect The Chairman,Rick Christie.He led Rangatira well as CEO, and his time at Ebos was very profitable for me.
I brought a small holding on 28th July at 70cents ps.The company will be a lot stronger with the capital raise,so I look forward to taking part in the SPP.
Presentation slide 33 being titled "FY17 outlook: Well positioned" is as good a reason to buy as any other I suppose.
Best Wishes
Paper Tiger
-
Originally Posted by Paper Tiger
Presentation slide 33 being titled "FY17 outlook: Well positioned" is as good a reason to buy as any other I suppose.
Best Wishes
Paper Tiger
Yes,I totally agree with you....lol.
-
Share price rising on solid volume.
"well positioned"....????
-
Nice market update today.....sales looking good, some key inroads to the USA market, New products and services underway, cash position improving. Ticks a lot of boxes for me.
Read it here.
Disc; small holding and happy. TA looks good, Golden Cross in place.
Last edited by Leftfield; 10-04-2018 at 10:11 AM.
-
Long term investors will be pleased to see the share price rise further on volume,478,802 shares traded at 57 cents,then sales at 58 cents.
I guess IKE is starting to attract momentum traders/investors.
-
Junior Member
I was a real fan of IKE and joined the forum to go to bat for them, I liked the niche market strategy and to their credit their product has become a market leader in the niche. That doesn’t mean the business model is sustainable, I’m now struggling to see how they will achieve a sustainable long-term revenue stream. In my last post back on July’15 I stated:
“Assuming they can get their annual revenue to a sustainable $15 to $20m over the next four to five years and keep their costs under control they are probably worth a punt, particularly if the share price falls further”.
At the time they were forecasting revenue of $14.3m for FY’16 which was a real stretch, the actual was $9.2m followed by a dismal $5.8m in FY17. With a paltry $3.5m revenue in the 1st half of FY18 they’re going to struggle to get anywhere near $10m revenue for the full year. I suspect what’s wrong with their business model is too little recurring income, their early model was to sell the product outright rather than licensing it on a SaaS basis. Upfront sales help with early cashflow but risks decimating future revenue, particularly if the niche market isn’t that deep and sales run out of steam.
I still hope they succeed, it’s going to be tough!
-
The market seems to feel they are succeeding.
The chart looks great,as the share price has risen to 58 cents.
I think the recurring income is increasing.
-
Pretty solid improvement being made ...looks good for the future
https://www.nzx.com/announcements/318732
Pretty sneaky way of saying we actually had a negative cash flow of $2.8m. Suppose it was ‘positive’ against a target though quick readers might read as a positive cash flow ....and suppose ‘used’ is one way of saying we spent more than we got in.
Extract-
Positive operating cash flow target met:
o Operating cash used in the full year of $2.8m
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
Result out today shows revenue up 37%,and expected to grow 30% this year.
They expect operating cash flow breakeven for FY 19.
So getting there....................slowly?
And yes deferred income is increasing.
-
Originally Posted by percy
Result out today shows revenue up 37%,and expected to grow 30% this year.
They expect operating cash flow breakeven for FY 19.
So getting there....................slowly?
And yes deferred income is increasing.
Today's announcement confirms they are "still getting there."
Last edited by percy; 25-07-2018 at 09:50 AM.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks