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Thread: ikeGPS - IPO

  1. #226
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    I did a little fundamental recap on IKE today as i've decided to stop worrying on these unpredictable drops and instead focus on somewhat of a value investing approach for now.

    From a balance sheet perspect IKE had somewhat stagnant revenue growth last yoy however the key underlying fundamental upholding positive sentiment was the recurring revenue. Debt to equity is currently a favourable level, I make note that FCF and OCF was negative last year, however cash position was positive for the first time. Total cash and receivables at 31 December 2019 of approximately $6.9m, in addition to projected growth in Q4 being multiplied by backlogs from Q3.

    Expect a notable yoy growth in May much greater than last year. 5G network development has not been ceased from what i've researched, IKE's expanding contracts into this zone. Furthermore, engineering firms relevant to IKE have not shut down or delayed/cancelled projects due to the current coronovirus situation.

    Won't type out everything but I find it hard to sell of IKE and have decided to keep it as one of the few stocks i'm still holding, DCA'd at 0.500 today. if it goes lower i'd top up even more to be honest.

  2. #227
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    Quote Originally Posted by Cadalac123 View Post
    I did a little fundamental recap on IKE today as i've decided to stop worrying on these unpredictable drops and instead focus on somewhat of a value investing approach for now.

    From a balance sheet perspect IKE had somewhat stagnant revenue growth last yoy however the key underlying fundamental upholding positive sentiment was the recurring revenue. Debt to equity is currently a favourable level, I make note that FCF and OCF was negative last year, however cash position was positive for the first time. Total cash and receivables at 31 December 2019 of approximately $6.9m, in addition to projected growth in Q4 being multiplied by backlogs from Q3.

    Expect a notable yoy growth in May much greater than last year. 5G network development has not been ceased from what i've researched, IKE's expanding contracts into this zone. Furthermore, engineering firms relevant to IKE have not shut down or delayed/cancelled projects due to the current coronovirus situation.

    Won't type out everything but I find it hard to sell of IKE and have decided to keep it as one of the few stocks i'm still holding, DCA'd at 0.500 today. if it goes lower i'd top up even more to be honest.
    Good on you....thanks for your well thought out post. I also sneaked in and added more today at .50c

    I'm sure there will be more short term fluctuations, however keep your DCA low and the good times will come. Think 5 years not 5 months.

  3. #228
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    Quote Originally Posted by Left field View Post
    Good on you....thanks for your well thought out post. I also sneaked in and added more today at .50c

    I'm sure there will be more short term fluctuations, however keep your DCA low and the good times will come. Think 5 years not 5 months.
    Agreed IKE is one of those stocks that sneakily creeps back up. Lucky for us some big investing firms have had it go into their eyes a lot more recently.

    I think the engineering space from a maintenance requirement perspective makes IKE a "safe" stock so to speak not being dependent on individuals in the public needing to buy the product to increase revenue...

  4. #229
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    Quote Originally Posted by Cadalac123 View Post
    I did a little fundamental recap on IKE today as i've decided to stop worrying on these unpredictable drops and instead focus on somewhat of a value investing approach for now.

    From a balance sheet perspect IKE had somewhat stagnant revenue growth last yoy however the key underlying fundamental upholding positive sentiment was the recurring revenue. Debt to equity is currently a favourable level, I make note that FCF and OCF was negative last year, however cash position was positive for the first time. Total cash and receivables at 31 December 2019 of approximately $6.9m, in addition to projected growth in Q4 being multiplied by backlogs from Q3.

    Expect a notable yoy growth in May much greater than last year. 5G network development has not been ceased from what i've researched, IKE's expanding contracts into this zone. Furthermore, engineering firms relevant to IKE have not shut down or delayed/cancelled projects due to the current coronovirus situation.

    Won't type out everything but I find it hard to sell of IKE and have decided to keep it as one of the few stocks i'm still holding, DCA'd at 0.500 today. if it goes lower i'd top up even more to be honest.
    helpful post thanks Cadalac123

  5. #230
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    Anyone want to be sneaky and PM me the NBR article on IKE haha

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    Solid position in the lockdown I would imagine as involved in services which are surely “essential” field work in North America.

    5G work deemed essential!

  7. #232
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    CFO still has faith putting his money on the line.
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

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    Quote Originally Posted by Timesurfer View Post
    CFO still has faith putting his money on the line.
    Part of his bonus scheme

    Let’s see if he sells now he’s converted some options
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  9. #234
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    Quote Originally Posted by Cadalac123 View Post
    Solid position in the lockdown I would imagine as involved in services which are surely “essential” field work in North America.

    5G work deemed essential!
    Will be nice if they come out and confirm business update one way or other.

  10. #235
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    Quote Originally Posted by sb9 View Post
    Will be nice if they come out and confirm business update one way or other.
    Pretty sure the next update will be with the release of EOY financials. In a few more weeks they will have a much better lay of the land in the US.

  11. #236
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    Quote Originally Posted by Cobber View Post
    Pretty sure the next update will be with the release of EOY financials. In a few more weeks they will have a much better lay of the land in the US.
    My point was an update in relation to current covid-19 situation.

  12. #237
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    It will be interesting to hear if it is as insulated as holders might hope.
    The contractors they service are essential services - expansion work might be on hold though.
    Be interesting to know how their own online processing team are fairing - work from home maybe?
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

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