Iqgeo Share Discussion Threads

[p1nkfish] 29/9/2021 11:41

Listed as one of 5 "IDC Innovators: Location and Geospatial Intelligence, 2021"
&
28th Sept -

[red ninja] 27/9/2021 14:21

Kestrel discretionary clients buy a few more :-

"IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 27 September 2021 from Kestrel Partners LLP ("Kestrel") that on the 24 September 2021 Kestrel had purchased, on behalf of its discretionary clients, an aggregate of 30,000 ordinary shares of 2p each ("Shares") in the Company at an average price of £1.285 per share for accounts managed by Kestrel."

[p1nkfish] 27/9/2021 07:15

O/T but geospatial related - SPA landed a very decent sized contract today. UK Gov. £8M over a few years.

[p1nkfish] 25/9/2021 09:17

A real problem with wildfires.

[horseyphil] 25/9/2021 07:09

Interestingly, I think RP mentioned vegetation management in the IMC presentation in response to a question on possible acquisitions.

[p1nkfish] 24/9/2021 22:36

"Bridgett explained PG&E's liability thusly: the fire was started because PG&E didn't remove a tree, which had been marked to be removed in 2013, but never was. A grapevine left in place on that tree caused significant physical defects to its trunk, which ultimately fell on an electrical line during a windstorm on Sept. 27, 2020."

[p1nkfish] 23/9/2021 11:04

Germany is the crown in Europe and begging for wins. Their rural wired connectivity is poor and getting money thrown at it.

A bit disappointed there is not more news from there. Have to wonder what the blockages or weaknesses are.

[p1nkfish] 23/9/2021 11:02

horsey, CGI certainly but there are many potential matches to IQG as an acquirer. Really depends on price willing to pay and size IQG reach prior to purchase.

Any of the legacy GIS bunch, except it could cannabilise their existing businesses. Oracle, IBM, SAP and at least 2x VC's.

[p1nkfish] 23/9/2021 10:59

Won award 22/9, BTR 2021 Diamond.

[...]

[horseyphil] 23/9/2021 06:20

When IQG is eventually acquired, I could imagine Canada-based CGI being among the bidders. Good fit.

CGI has a market cap of £14bn and 78,000 employees, and its highest-profile UK acquisition was Logica.

[horseyphil] 17/9/2021 13:00

Excellent news about the CGI partnership in the UK. CGI involved with Nokia in developing private 5G networks.

Trading at 129p. If that seller is finished, feels like it could be ready for a mini breakout up to the the finnCap tp of 140p.

[p1nkfish] 17/9/2021 00:17

CGI partnership in UK too now, good.

[p1nkfish] 16/9/2021 20:46

Yes, slide 17 an sye-opener.

Notice Anglo American in there under SMB. £38Bn market cap, global operations and no doubt a tonne of network assets it will need to roll-out and maintain.

Wonder if Crown Castle is now under IQGEO and out of SMB.

The SMB side is a decent source of quick growth, a good acquisition.

[p1nkfish] 16/9/2021 20:41

Finally got to see the IMC thoroughly and with focus and very pleased with it.
My beef is with European performance that looks poor vs the stories elsewhere.

This company can motor and spin-off substantial cash but all the quicker if Europe was kicking some ass.

[horseyphil] 16/9/2021 19:59

For me, slide 17 of the presentation was a real revelation - the range of organisations and companies that they can serve is incredible. This is a big addressable market, much larger than I had ever envisaged.

[red ninja] 16/9/2021 19:30

Hp,
I think your right I was impressed by the Japanese office with partners who have contracts with 5 of top 10 targets. However, perhaps 3 of those contracts are not so large.

Similarly with Europe office 10 wins in around 2 and a bit years.

I was impressed with the new acquisition OSPI and the long list of contract wins.

OSPI product seems to be doing well, it a not an enterprise level product, ie easier to set up and they may win many more contracts.

OSPI also selling the IQGeo mobile/cloud product as well in a couple of cases.

IQGeo contracts often start small and then the customer realises their worth and expands the number of licences.

I was enthused by the presentation as a whole.

[horseyphil] 16/9/2021 19:09

I didn't find the IMC presentation too inspiring either, maybe there was just too much detail and the key messages got lost.

However, what was impressive was the list of companies and organisations that they have won as new customers. In many cases it's a small foot in the door, but many of these are large and prestigious, so offer the potential to develop into major clients. Loads of potential for land and expand here. That was the big positive I took from it.

Would not be surprised to see another acquisition before long.

[red ninja] 16/9/2021 11:24

The reason why US and Canada are doing so well is the fact that Ubisense (IQGeo forerunner) started in US and thus that is where the early running took place.

OSPI has extended the US staff and apparently 2 OSPI staff have transferred to work on IQGeo product.

They have been recruiting staff ie 7 last year excluding OSPI staff gain. They continue to recruit staff. The fact they are using 40 contractors shows they are trying to speed things up.

[red ninja] 16/9/2021 11:15

The seem pleased with progress in Europe. Their European sales office has 3 staff in Dusseldorf and they list 10 wins since its start up in 2019.

They also state that they are not going after Utilities in the UK just the Telcom market. This is because the IQGEO software would need some adaptions for UK utility networks and they lack the bandwidth to do that at the moment and there is no need to when their is plenty to go for already.

The level of staffing holds them back, for the IQGEO product I believe they were saying it takes 3-4 months to set it up for a customer and they claim that is normal for an enterprise level product.

They employ 100 full time staff, 73 in US (IQGEO an OSPI), 20 in the UK, 4 Japan, 3 Germany).
They have 40 contract staff. I believe that means software house staff and I think they said they are South Korean.

[p1nkfish] 16/9/2021 09:59

When Japan and NA performing but EU not it kind of highlights where the problem is, lack of focus or just wrong set-up for what that market needs or Europe just backwards?

Discuss.

[p1nkfish] 16/9/2021 09:57

Extra finance?
They have 12 M GBP cash, nearly 1 year of revenue, on hand.
What they need is a rocket in Germany.
That's down to people performing, not extra cash.
Something not right in Europe??

[w13ken] 16/9/2021 09:31

Interesting article about Germany.

I attended the call and was impressed and progress in Japan is excellent. Numbers are still pretty small overall at the moment though and look to be for the next couple of years. If they have ambitions to expand rapidly they'll need additional financing.

[p1nkfish] 16/9/2021 08:27

I think IQGEO should be performing even better than it is.
Just my humble opinion.
Bring some of the NA spirit into the EU operations and shake it up.
Old Europe, backwards as usual.

[p1nkfish] 16/9/2021 08:25

Why aren't IQGEO doing much better in Germany? Something weak there? Below from Eurointelligence. Doesn't add up that they are not doing better or creating more waves. Wealthy country with demand needing to be met.

What about Liberty-Vodafone? Europe is a weak link still but why? They need better telco roll-out so surely there is more demand to be met for mobile cloud first GIS? Who is winning the business?

"A local photographer in the town of Schmallenberg-Oberkirchen set himself the ultimate challenge of trying to send a 4.5 gigabyte data file via the internet to a printer 10km [6.2 miles] away. Rather than accepting the inevitable fate, this photographer had a brilliant idea. He organised a backup, a friend on horseback who delivered a DVD with the images to the printer. The data transfer and the horse set off at the same time. The horse arrived first. 

Germany is wealthy but it has one of the worst telecommunication infrastructures in the EU, and the absolute worst mobile telecom infrastructure. There are many places with no connectivity whatsoever.

This is why, in 2021, digitalisation is still a thing in German politics. Politicians list digital alongside green investment in their order of priorities. Germany, as a country, collectively underestimated the implications of several important technologies, such as the electric car and the mobile telephone. Most households are connected to the internet through copper cables. Only 1.4m households use fibre optic cables, compared to 5m in the UK.

When German governments auctioned off telecoms licences, they maximised revenue, rather than maximising service. Half a trillion euros of underinvestment later, horses have become competitive again."

[p1nkfish] 16/9/2021 00:10

Anyone get to see the IMC presentation?
Anything interesting or useful questions, will watch later when get chance.