Iqgeo Share Discussion Threads

[wjccghcc] 07/10/2024 19:41

It’s through on HL now as well.

Yes. Good luck all.

[w13ken] 07/10/2024 17:27

Finally got it through on ii.

Good luck for the future IQG board members - clearly each of you is a person of discernment.

[p1nkfish] 07/10/2024 16:19

Done on AJ Bell.
Good luck everyone.

[wjccghcc] 07/10/2024 15:24

Got mine in ii. Nothing yet in HL but they're usually slower.

[w13ken] 05/10/2024 19:57

I'm on ii and I queried this on Friday. IQG have said the money will be there on Monday at the latest.

[p1nkfish] 05/10/2024 12:08

Down to your platform provider. Still awaiting money too.

[c3479z] 05/10/2024 11:11

No cash credit on the ii a/c, yesterday was supposed payday....

[wjccghcc] 23/9/2024 09:56

Yes. Thank you for the informative thread.

[p1nkfish] 23/9/2024 09:39

It's done.

[p1nkfish] 15/9/2024 10:26

IQG has been taken off market just as the real fun is about to start. A great shame for the UK market.

Interesting to see what is happening to Electric and some Gas utilities share prices in the US. Part of it down to the interest cycle turning but also as seen as potential growth due to increased energy demand. So you have asset backed companies, paying dividends, now seeing demand growth potential (datacenter etc) just as the interest rate cycle turns - a good set of coincidences. Also the likes of Verizon moving on Frontier Communications in fiber.

When target customers stock prices rise it can be a healthy sign to the vendors to those companies.

[w13ken] 23/8/2024 17:13

So am I...nearly. Sold about 70% of the shares already and reinvested in KLR, MGNS & COST. ISA up 34.8% this year so very happy.

[p1nkfish] 23/8/2024 15:50

I'm over it now, looking forward to the balance of the cash and moving on.

[w13ken] 23/8/2024 15:28

Columbia Threadneedle are as unhappy as we are...
"Threadneedle accuses KKR of ‘ram raiding’ UK equities in fallout from IQGeo bid"

[p1nkfish] 08/8/2024 15:33

Probably by end of Oct 4th.

[p1nkfish] 31/7/2024 08:04

Cash lands October 7th latest and no earlier than 23/24 September.

[p1nkfish] 25/7/2024 12:41

Q4 for the cash. No specific date yet.

[saj3] 25/7/2024 11:42

HiDoes anyone know when the completion date is for the takeover and when does the money come in to the account

[p1nkfish] 16/7/2024 07:35

IQGEO is relatively insignificant in the greater scheme but is a microcosm of the way things are going. For all the talk of fibre, the Grid is the target market. They may not be in this KKR fund but the thinking applies.


Bloomberg: "The stock market’s fixation on quarterly earnings and short-term performance makes it a suboptimal funding venue for companies critical to the energy transition.

That’s according to Emmanuel Lagarrigue, a partner and co-head of climate at KKR & Co., who says such companies would do better with more patient investors.

“Public markets are probably the cheapest cost of capital,” Lagarrigue, who was a senior executive at Schneider Electric SE before joining KKR in 2022, said in an interview. “But at the same time, they have volatility and very short memories, so it’s very difficult to have a long-term, thoughtful strategy for very large and consequential corporate transformations.R21;

Money managers overseeing private equity and debt portfolios are now emerging as a powerful force in climate finance. It’s a timely development, as capital-intensive green tech companies struggle to attract sufficient investment and high-carbon large caps face diminished interest from shareholders for ambitious decarbonization plans.

An energy crisis, as well as higher inflation and interest rates, have complicated the energy transition. And add to that a protracted stock market selloff: Since the beginning of last year, the S&P Global Clean Energy Index is down 28%, compared with the 45% increase in the S&P 500 Index.

In private markets, however, it’s a very different picture. Between 2016 and 2023, private fund allocations to renewables have consistently outperformed those in oil and gas, according to a recent MSCI Inc. analysis.

“There’s that transition moment for companies that public markets are not equipped or designed to undertake,” Lagarrigue said.

There’s a mismatched time horizon between the demands of public market investors and the requisite period for decarbonization. And some corporate leaders are now coming to the conclusion that shareholders focused on short-term returns “are not going to support them anymore,” said Lagarrigue.

“It’s very difficult for the CEO of a company to go to their shareholders and say I’m going to invest 3 billion in a new asset that’s going to radically change our carbon footprint and create new growth, but the cash flows are coming in five or seven years,” said Lagarrigue. “That doesn’t work.”

There’s evidence to suggest that other private money managers are seeing an opportunity to step in. An analysis provided by Preqin found that of the $156 billion raised by private credit funds last year, about 16% went into products claiming to target environmental or social goals. That’s a bigger share than for any year since at least 2014, with data for this year through June indicating the trend is set to continue, according to Preqin.

While private investors typically shield company bosses from the shorter time horizons of public markets, they’ve also been called out for their relative lack of transparency. BlackRock Inc. Chief Executive Officer Larry Fink warned in 2021 of the need to shine more light on private markets and their role in climate finance, or risk “the largest capital-market arbitrage in our lifetimes.” Back then, the concern was more that private markets were quietly absorbing the high-carbon assets being sold by public markets.

More recently, however, BlackRock has taken significant steps to increase its footprint in private markets. The world’s largest money manager just announced it’s acquiring Preqin, one of the most frequently tapped providers of private-market data. That’s as private markets emerge as the fastest-growing corner of money management, with alternative assets expected to reach almost $40 trillion by the end of the decade, according to BlackRock.

Other industry leaders, including Blackstone Inc. and TPG Inc., have identified the energy transition as a key investment opportunity. Last year, Blackstone raised $7.1 billion for a fund to finance solar companies, electric car-part makers and technology to cut carbon emissions.

Lagarrigue is the co-head of KKR’s debut climate fund, which, though still fundraising, has made a handful of initial investments, including in UK power storage company Zenobe Energy Ltd.

Part of the fund’s mission is to address a gaping hole in climate funding: the so-called “missing middle,” or the chasm between venture capital and infrastructure funds where many companies developing critical green technologies fall. Such companies typically have proven business models and some existing cash flow, but require significant capital injections in order to grow.

“Early-stage capital and growth equity is all pretty well covered, so we have nothing to add to that conversation,” Lagarrigue said. “And classical renewables — wind and solar — are also well covered by infrastructure.̶1; So with the new climate fund, which has an expected average investment period of five to seven years, “we’ve taken the option to address the missing middle,” said Lagarrigue.

With some of the core components of the low-carbon transition, such as batteries and green steel, “you can argue that the technology risk is behind them,” he said. Those are the investments KKR is looking for.

Other more experimental areas such as direct air capture, small modular reactors or alternative proteins “still need to be de-risked, validated and consolidated,” he said. These technologies “will come to maturity at some point in the next few years,” at which point KKR could be interested in investing, Lagarrigue said."

[p1nkfish] 16/7/2024 07:28

Have to say I would agree with KKR statements wrt Energy Transition. Public markets, sadly, are not up to the job of readily funding the necessary capital expenditures and investment across the whole spectrum as too short-term and impatient.

It does mean a fair amount of the financial upside will go to a more limited number of beneficiaries - private equity.

KKR took on a high level Schneider exec about 2 years back and he appears very sensible & they "get it".

This is behind a paywall but makes a lot of sense. Go looking for companies in the "missing middle" as there is hidden value the public markets have a problem helping grow. IQGEO sits there but I srill believe they could have raised via the markets and this sale is to crystallize value for the Execs and Kestrel.

[p1nkfish] 15/7/2024 22:41

Not long now. KKR have bought themselves a little gem.

There will be Grid demand seeing how much disruption there was due to power outages from Hurricane Beryl. 2.3M or more without power at one point and about 200K still down and in intense heat.

Pushing at a door that wants to open.

I can see this reaching $1Bn valuation. Taken off the market before it had full chance to flower.

[p1nkfish] 29/6/2024 08:37

Reading the latest release it's probable money hits investment accounts early Q4.

[w13ken] 17/6/2024 08:59

Cheers pf. you too. This has been my best year for a long time so far where in addition to my largest holding IQG's rise of 49% I have Molten Venture (GROW) +47%, Kitwave (KITW) +35% and Warpaint (W7L) +54%.

Overall ISA rise is 26% YTD so would be happy if I end up with that figure. Disappointments include Sosandar (SOS) -25% where I just cautiously optimistic. My new favourite investment - where I've started to put IQG money - is Keller Group (KLR), the global leaders in ground-levelling for large construction projects. I've been accumulating that quickly so it's up to #4 in my portfolio

[p1nkfish] 17/6/2024 04:04

Agreed W13. Other opportunities have arisen or in process. Good luck with whatever is next.

[w13ken] 16/6/2024 23:00

So IQGeo ended up winning the Company of the Year award at the Small Cap Awards for what it's worth. Difficult to care now and if there are no rival offers I just want the sale to go ahead asap.

[p1nkfish] 28/5/2024 11:21

Schneider/Bentley talks floundered.
Supposedly Bentley family didn't want to relinquish control.