Iqgeo Share Discussion Threads

[p1nkfish] 25/9/2023 07:06

Finncap target adjusted EPS for 2023 has fallen from 5.1p to 4.4p due to £300K increase in depreciation and amortisation over previous forecasts, 100K finance costs and tax expense.

A big bounce up expected by end of 2024 to about 7.6p assuming there is no tax hit by a foreign authority, IQGEO currently disputing it.

Valuation based on the forward look and revenue reads as growing strongly but the variables will be the increased costs of headcount as they expand further to support the operations and potential tax hit (probably a non-event but certainly a risk).

I'm not changing any of my own targets but I don't see them being reached for a while longer without some extra catalyst.

[p1nkfish] 25/9/2023 06:40

Let's see if Kestrel step up to the plate now they can again and at what price.

[p1nkfish] 25/9/2023 06:22

Non-recurring revenue tripled - hopefully a sign of increased embedded ARR going forward as the non-recurring could largely be services needed to achieve adoption - data cleaning, set-up, integration etc. Can be a barrier to the OEM changing again in future as the NRE is spent and they won't want to do it again in a hurry.

£7m in the bag uptick vs H1 2022.

"Total order backlog (orders won, revenue not recognised) as of 30 June 2023 was £28.0 million (H1 2022: £21.7 million) with the growth being due to increased order intake."

Steady as she goes, 2024 still looks like show-time. Care needed with the cost base.
Tax dispute - exposure needs to be clarified, related to sale of the RTLS division, hit may be zero, may be "£x" - TBD.

[w13ken] 24/9/2023 16:22

Ah yes, results tomorrow, Investor Meet Weds... Nice numbers above pf.

[p1nkfish] 24/9/2023 12:38

If we don't break and stay above 315p for end of 29th Sept given we know the results will be good then we are range bound in all probability. If the catalyst of the results tomorrow don't do it with such a tightly held share then I don't know what will outside of news of a decent sized Electric Grid application win.

Grid news that infers traction in the market bigger than fiber could light a fire under it as it means IQGEO have really arrived.

[p1nkfish] 24/9/2023 12:34

My only concern is a big holder reducing into a price rise.

Including the week of the peak price (about 10 weeks ago), since then about 1.672M shares have traded hands - about 2.7% of issues share capital. Approx average 167K/week.

More sales than buys. Average price something very approx to 292p over the period.

So 97.3% of the shares have remained in strong hands or those looking to exit higher.
A fair amount of traders would have sold once news hit on the TU and others would get bored. Those shares were partly mopped up by Kestrel (168,444) at > 295p. Just over 10% of the 1.672M and they had to stop on 25/8 before results due on September else they may have taken more.

Petti added 3406 at about 299p, Chapman sold 100K at about 290p

Fairly average churn after such a good 12 months and still vast majority of stock in strong hands and the strongest of them all (Kestrel) has been adding at above the overall average price.

Tomorrow should be an interesting read, we know most of it already. New money needs to come in.

[w13ken] 24/9/2023 08:17

Tuesday's forward look will be key. Can IQGeo expand beyond the niche awareness it has at the moment? There's definitely been an acceleration in their software offering and marketing in the last year since acquiring Comsof so the building blocks are in place.
I hope that we see a definitive break above 300 this week.

[p1nkfish] 24/9/2023 00:33

Close above 315p by end of next week (and hold it for Friday close) would get the price through resistance. Will any seller swamp buys?

[w13ken] 22/9/2023 15:11

IQGeo have been nominated in the AIM 2023 Awards for their tech...

"We are delighted to reveal the finalists shortlisted for this year's Best Technology Award sponsored by @Cavendish_plc are... @CreoMedical @WeAreEagleEye @FDTplc @IUGroupplc @IQGeo_software @OxfordMetrics @sondrel_ic. Winner announced on 12 October."

[w13ken] 22/9/2023 13:24

The Americas Meetup in Denver (4th-6th Oct) has just announced a Google speaker to join their AT&T speaker for their best lineup ever. Great to see these big companies speaking positively about their partnerships with IQGeo.

Enrique Eulloqui, Director – Technology, AT&T
Amy Wheelus, Chief Technology and Information Officer, Gigapower
Sagar Baliyara, Partner Manager, Google
Terence Saar, Senior Business Process Advisor, Bell Mobility
Jason Jones, Manager of Electric Distribution Systems, Compliance, and Emergency Preparedness, LG&E KU
Steve Crawford, Business Development, Skyline Technology Solutions
Nick Caleo, GIS/CAD Technician, Skyline Technology Solutions



Exciting week ahead: Interim results and and Investor Meet presentation on Wed 27th at 1pm.

[w13ken] 21/9/2023 06:54

Great stuff pf, the market potential is massive

[p1nkfish] 21/9/2023 06:34

Nearly 3 years since the news below and now Network Manager Electric is segmentized and Adaptive Grid out there should be some traction starting. Services 160 US utilities - Utilisuite is the brand name.

[p1nkfish] 20/9/2023 22:30

Can easily imagine a Schneider or Siemens type making an approach to IQGEO before it gains much traction in Grid sales, whilst cheap enough.

[p1nkfish] 20/9/2023 20:51

I think about 50% of the 2nd list and 3 of the first list. A quick check so no guarantee of accuracy.

[w13ken] 20/9/2023 19:22

Are those all "existing customers" pf?

[p1nkfish] 20/9/2023 18:47

If a wholesale fibre network provider in US and Europe then a chance it's one of the below.

CenturyLink Communications (Lumen Technologies): CenturyLink, now known as Lumen Technologies, is a major global network services provider. It operates a substantial fiber network in the United States and has a presence in several European countries, offering wholesale services to other telecom providers.

NTT Communications: NTT Communications is the global data and IP services arm of NTT Group, a Japanese telecommunications company. NTT Communications provides extensive global connectivity, including in the US and Europe, through its fiber network infrastructure.

Orange Wholesale France Telecom (Orange): Orange, one of the largest telecom operators in Europe, offers wholesale fiber network services across multiple European countries. It provides international connectivity and has partnerships that extend its reach into the United States.

Colt Technology Services: Colt is a European-based network and communication services provider that offers extensive fiber network coverage in Europe. It also provides connectivity services to the United States and other global regions.

Telia Carrier: Telia Carrier, a subsidiary of Telia Company, is a global provider of fiber-based network services. While it has a strong presence in Europe, it also offers extensive international connectivity, including in the United States.

Zayo Group: Zayo Group is a global communications infrastructure provider with an extensive fiber network in the United States. It also has a presence in Europe, offering wholesale and enterprise network services.

[p1nkfish] 20/9/2023 08:47

Subject to change but the list below were along the lines of the top 10 US/Europe broadband operators active on both continents. IQGEO have now illustrated they can support the disruptors & SME's, then the very large on a continent (AT&T) and now large multi-continental.


AT&T (USA) / AT&T Europe: AT&T is a major telecommunications company in the United States, providing broadband and mobile services. It also has a presence in Europe through various acquisitions and partnerships.

Verizon Communications (USA) / Verizon Europe: Verizon is another prominent telecom operator in the United States, offering broadband and mobile services. It has established a presence in some European markets.

Vodafone (Europe) / Vodafone US: Vodafone is one of the largest mobile and broadband operators in Europe, and it had a presence in the United States through partnerships and joint ventures. However, it's important to note that Vodafone's presence in the USA has evolved over the years, and its focus may vary.

Orange (Europe) / Orange Business Services (USA): Orange is a major telecom operator in Europe and also provides business services in the United States under the brand "Orange Business Services." Their focus in the USA is primarily on enterprise solutions.

Deutsche Telekom (Europe) / T-Mobile USA: Deutsche Telekom is a leading European telecom operator and owns T-Mobile USA. T-Mobile is a significant player in the U.S. telecom market, providing broadband and mobile services.

Comcast (USA) / Sky (Europe): Comcast is a major broadband and cable TV provider in the United States, while Sky is a well-known pay-TV and broadband provider in several European countries. Comcast owns Sky, which gives them a presence in both markets.

Altice USA (USA) / Altice Europe: Altice is a multinational cable and telecommunications company. Altice USA operates in the United States, while Altice Europe operates in various European countries, including France, Portugal, and Israel.

Telefónica (Europe and USA): Telefónica, a Spanish telecom giant, operates in several European countries, offering broadband and mobile services. It also had a presence in the USA through its subsidiary, O2 USA.

Liberty Global (USA and Europe): Liberty Global is an international telecommunications company that operates in both the United States and Europe. In Europe, it provides services under various brand names in multiple countries.

CenturyLink (USA) / Level 3 Communications (Europe): CenturyLink is a U.S.-based telecom provider offering broadband and enterprise services. It acquired Level 3 Communications, which had a presence in Europe, expanding its global reach.

[p1nkfish] 20/9/2023 08:35

Also no coincidence it's Connected Britain today and tomorrow. Will generate some interest and cause a bit of a stir. Sensible marketing and news release timing.

[p1nkfish] 20/9/2023 08:20

No coincidence they took on the GE sales, Mike Quarmby.

Likely more conversions from GE somewhere in the pipeline.

Forward look in next week interim will be interesting.

[mighunter] 20/9/2023 06:51

Indeed, especially to have ousted GE as the incumbent.