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Thread: ikeGPS - IPO

  1. #41
    Reincarnated Panthera Snow Leopard's Avatar
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    Question What would none recommend

    Quote Originally Posted by percy View Post
    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
    om mani peme hum

  2. #42
    percy
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    Quote Originally Posted by Paper Tiger View Post
    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.

  3. #43
    percy
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    Share price rising on solid volume.
    "well positioned"....????

  4. #44
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    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 Left field; 10-04-2018 at 10:11 AM.

  5. #45
    percy
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    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.

  6. #46
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    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!

  7. #47
    percy
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    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.

  8. #48
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    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
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  9. #49
    percy
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    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.

  10. #50
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    Quote Originally Posted by percy View Post
    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.

  11. #51
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    Their CFO was at the NZX retail evening in Wellington last night. I didn't know very much about them but he was very passionate about the power poles in the US and the unique offering they have. Their gizmo saves 50% of time needed at the pole and 80% of the post-pole work. Very niche but great when the only competition is two men with a stick for each pole followed by hours using an Excel spreadsheet. Not yet holding but will look at further.

    [Wasn't very impressed with the Team Talk CFO who seemed like an excited school boy and kept repeating himself.]

  12. #52
    percy
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    Quote Originally Posted by kiwico View Post
    Their CFO was at the NZX retail evening in Wellington last night. I didn't know very much about them but he was very passionate about the power poles in the US and the unique offering they have. Their gizmo saves 50% of time needed at the pole and 80% of the post-pole work. Very niche but great when the only competition is two men with a stick for each pole followed by hours using an Excel spreadsheet. Not yet holding but will look at further.

    [Wasn't very impressed with the Team Talk CFO who seemed like an excited school boy and kept repeating himself.]
    Thanks.I hope you buy a few and go to their agm later this year,as I would like a report on it from you.?.

  13. #53
    percy
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    Another positive announcement this morning.

  14. #54
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    $5 mil placement and a SPP to promote growth , is this a rebirth or a recap for this break through tech company , survfer where are you ?
    Last edited by whatsup; 24-08-2018 at 09:57 AM. Reason: spelling

  15. #55
    percy
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    Quote Originally Posted by whatsup View Post
    $5 mil placement and a SPP to promote growth , is this a rebirth of a recap for this break through tech company , survfer where are you ?
    I can see their major customers wanting them to have a much stronger balance sheet.
    Their customers have a lot at stake committing to IKE's platforms,and IKE falling over would cause them huge problems.
    The new opportunities IKE are taking advantage of look good to me.
    I will support the SPP as I think IKE is on track to be a successful company

  16. #56
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    Looks like some institutions liked the story. And the follow-through buying might suggest they want to top up what they didn’t get in raise. In my experience, these kind of I stop don’t buy in for a few % points - they expect big returns.

    I bought in a few months back because I liked the price action. I can see a big move higher, back towards $1.00, if 60c is broken this time.

  17. #57
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    whatsup with IKE steady rise over the last month, .51 .60 , hmmmm !-

  18. #58
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    Quote Originally Posted by whatsup View Post
    whatsup with IKE steady rise over the last month, .51 .60 , hmmmm !-
    Shhh .. I was hoping to pick up a few more before everyone got too excited

  19. #59
    percy
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    Another positive result.

  20. #60
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    Quote Originally Posted by percy View Post
    Another positive result.
    Since when has a negative number been positive

    Loss of $2.2m
    “Just consider that maybe the probability of you being wrong is higher than you think.”

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