Doubt RKW or ONWD would be interested until there is a reliable sign of top-line growth. No surprise if Kestrel sell down further to allocate to growth potential elsewhere.
Lovely little company but if they don't go up a gear on revenue it will only ever be a dividend source. To date the cost base has been excellent.
ING have to prove they can get sales moving whilst maintaining margin. Price will certainly respond if they manage that. |
Looking at the updated significant shareholders on the co website raises a few queries.Shareholders such as the Emslie family, Prem Man(mini fund) have fallen below 3% , cannacord and criseren have let 100k at least go a piece.No rns as yet , the website was only updated on the 15th this month so maybe any day?
Would be nice to think a new shareholder would appear to shake things up a tad.
Maybe RKW or ONWD? |
Results update in about a month and we see if any life in the old dog.
No TU in Oct 2024. |
Management appear happy to go nowhere in particular at low speed.
Very Zen. |
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Posts 592, 626, 635 still as true as ever.
It's a value trap if they don't show signs of the top line moving up. |
At this price (mid 80's) it becomes a dividend play yielding nearly 5%, always assuming it can be maintained. The business is in transition with a steady decline in legacy products and recent hesitancy in the progress of new contracts. The next update, probably early in the New Year, will be key. Worth watching for as a return to hoped for rate of contract progression could justify a sharp recovery. |
share price has halved from 180p. :-( |
Just seen results, need to read.
TU should have been around when they announced contracts a couple of months or so back. |
Shouldnt this outfit have issued a TU and profit warning shortly after the 30th June? |
Interims due very soon. |
No the Kestrel rep. does not have to leave for a takeover. |
The Kestrel 'rep.' leaving the bod.
Any more views on that ?
Is it the type of move that Kestrel makes before they try to get an investee company bought out ?..or am I fantasizing !? |
part of the text in the not super material ( <20% increase in profits, I think) RNS
says
"These multiyear deals have a contract value, in aggregate, of more than £500K payable for works completed between three and five years."
so, gonna take 3-5 years to do the work ??
really ! seems a very long time.
(& for me the English used in this specific text is very bad, below a minimum/acceptable level imo)
-----
but well done Ingenta
...& as the RNS says, these contracts are confirmation of the usefulness & saleability of the Ingenta products. While yes, we would all like to see the turnover go vertically upwards very quickly ! |
goodness me ! |
Some signs of life here |
Last time I looked Kestrel still represented 22% (just over) of the shares in the market but now White has gone they have no BoD representation.
If White remains at Kestrel is this sending some message or will some new Kestrel BoD appointment be made? Perhaps Royde will be put in now his time at IQGEO is coming to a close with their sale to KKR? |
Must not be convinced they can achieve top line growth because if they can this will be fine. |
Seller dumping at any price here |
but
imo, if you apend 800k/yr on marketing & the increase in turnover is 0
then I would argue that the strategy needs throwing in the bin !!
& a new marketing strategy thought up.
-----
if the marketing spend has been £7million over the last 10 years
how long will it take until the returns on that spend pay back the investment ?
(the spend in the first 5 years, of £3.5 million....that is history. return of £0-100k increase in PAT ??
if its 100k over 5 years, that a return 100/3500 or a about 3.3%.
The marketing spend in years 0-5 will not give any return now imo. The rest of the spend is a write off.
so, a loss of 3.5m - 0.1m= £3.4 loss.
Imo the return from the marketing spend is too low.
And changes are needed imo |
What would be the result of not spending it?
One thing I can say, they didn't spend it on keeping their website up to date.
Perhaps they waste the money but Marketing is critical.
The world won't find you, you have to go out and shout.
Hats off to their lean operations and cost control so far, if only they can drive the top line all will be well. |
"Marketing is critical"
but if you spend £700k/year on it, over 10 years that is £7 million !!
What is the result for spending £7 million on marketing ?
I can't see it !! |
I don't know what ING would be likely to do but everything should be on the table. |
IQGEO used partner companies for some territories. I wonder if Ingenta have considered
that ? |
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