IKE - Ike GPS.com

[Rawz]

Who would take them over this early? Would be a big ask for someone on the engineering side. The telco's would struggle to run it efficiently enough to benefit. It'd have to be someone that thinks they can do it better. i doubt many could.
Once established that could be a different story though.

Happy for this SP not to get ahead of itself in the current climate. It is what it is...

Just like with ERD if it slipped down below 1x revenue someone would pop up to buy it.

[Rawz]

Looks like the SP is about to go below 60 cents.

Surely half year isn’t going to be that bad??

[winner69]

Big day tomorrow with results out

Is it make or break time ……but commentary is probably more important than numbers which aren’t going to be that flash

[Sideshow Bob]

https://www.nzx.com/announcements/420434

Revenue of ~$10.5m (-32% vs pcp).

Strong ongoing growth in subscription revenue (+24% vs pcp).

Slow-down in transaction revenue due to delayed engineering projects with long-term customers, with volumes expected to resume.

IKE performance update for 1H FY24

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to release an update for 1H FY24 to 30 September 2023 (all figures in NZD).

Highlights for the quarter:
 Revenue 1H FY24 of ~$10.5m (-32% vs pcp).
 Subscription revenue was ~$5.1m (+24% vs pcp).
 Transaction revenue was ~$3.7m (-60% vs pcp).
 Gross margin 1H FY24 of ~$6.2m (-24% vs pcp), reflected in the revenue mix above.
 Gross margin percentage 1H FY24 of ~59% (up from pcp of ~53%).
 Cash and receivables as at 30 September 2023 ~$16.3m, comprised of $10.2m cash and $6.1m receivables, with payables of $1.2m and no debt.

[Rawz]

Headline numbers don’t look good will read the report later

[winner69]

Headline numbers don’t look good will read the report later

Shocker of a second quarter ……only $4.9m sales …..down 43% on pcp


Just as well the story about the future is good

[t.rexjr]

Shocker of a second quarter ……only $4.9m sales …..down 43% on pcp


Just as well the story about the future is good

Sell the news or buy the story. What's it to be?

[Rawz]

Sell the news or buy the story. What's it to be?

looking at the market depth you cant sell..

just read the preso. You don't get the sense they are confident in the short term but very confident in the long term

[winner69]

Sell the news or buy the story. What's it to be?

Think it’s a case of why sell or why buy

[t.rexjr]

Think it’s a case of why sell or why buy

Sit on hands and ponder the future. As Rawz points out, selling is rather difficult... Story for the win aye...