Iqgeo Share Discussion Threads

[1c3479z] 19/1/2024 19:52

not saying Sansom is dishonest, brokers always give the reason for such share sales as diversifying the share register/improving liquidity: I'm just sceptical, that's all .especially in view of pending CGT changes that could well have played a part.

[p1nkfish] 19/1/2024 19:40

Nothing dishonest and notice the volume above his transaction price of 303p.

Institutions want in, someone has to offer liquidity.

To his credit he hasn't wavered as a holder for many years.

Very stable.

[horseyphil] 19/1/2024 19:35

He is Chairman of Cambridge Angels, and was an original investor in the start-up.

Isn't this what Angel investors do - and then exit in part or whole once the company is established, profitable and provides a good return on their investment?

All part of the evolution of a dynamic technology company - of which we, unfortunately, have so few in the UK.

[1c3479z] 19/1/2024 19:14

rns somewhat dishonest? real reason is for Sansom to divest some of his holding for portfolio purposes and take profits while the CGT tax is lower rather than to enable liquidity in the stock?

[horseyphil] 19/1/2024 18:12

Yes, good points pf. Pleased to see the close over your 329.50 target.

[p1nkfish] 19/1/2024 17:58

Outside of issuing more shares the only way to increase the institutional base is via a big holder reducing. Prefer a single (non-institution) entity to reduce than Kestrel doing it.

[p1nkfish] 19/1/2024 17:55

No bad thing if the stock ends up with decent institutions prepared to hold through the next stage of development.

The buyers expect a decent return with some money left on the table for them - not 10% or 20% upside - more.

[horseyphil] 19/1/2024 17:35

More big trades reported - 3.2mn in total today. Maybe Sansom is selling out? I know he has been donating heavily to Cambridge University. For example, endowed a Professorship in Computer Science (not cheap).

[horseyphil] 19/1/2024 17:08

Robert Sansom, one of the founders of the company, sold 1,065,000 shares at 303p, though still holds 3,355,729 (5.44%).

[horseyphil] 19/1/2024 14:59

I think the small-cap analysts like PS, MT and JW spend so much time looking at rubbish companies that they either don't fully appreciate truly market-leading companies like IQG, or fail to value them at anywhere near the multiples that these companies deserve and command.

The question to ask is, if a bidder came along tomorrow, at what price would Kestrel (and they control the outcome of any bid) let it go?

Well, I think the first response would be to reject any approach given that IQG has probably passed a critical inflection point and has the possibility of imminent breakthroughs in the huge-opportunity utilties space.

But, if pressed, I'm sure it would take at least 500p for any bid to be successful, and that figure could be much higher after another year of growth.

Also, it would be surprising if any bid approach did not develop into a bidding war. Posts 1678 and 1679 list just some of the many multinationals that might be interested in acquiring IQG. When 2 or more majors want the same software company, the takeover multiples and premiums can be enormous. Just look at the huge premium that Earthport went for in 2019 when both Visa and MasterCard bid for it.

[w13ken] 19/1/2024 14:32

Has anyone seen Investors' Chronicle today? Interested to see if they or other financial press or podcasts pick up on IQGeo's potential this week.
The Vox video showed (with a caveat that they cover many many stocks) that many people haven't properly looked at IQG and just dismiss them as overpriced without a deep dive into the potential. This board is more informative than generalist stock discussion sites.

[horseyphil] 19/1/2024 09:51

That was Richard Green's (ex CEO of Ubisense) comment in 2012. Ironically, he was really talking about the potential of the RTLS division, the part that was sold off.

[p1nkfish] 19/1/2024 08:55

At the time it read as hyperbole but may not be at all impossible.

[p1nkfish] 19/1/2024 08:54

I'm sure there was some article/statement in around 2019, sorry I have tried to find the link many times over recent past but can't but am sure I remember it, saying the next £1Bn Cambridge company was launched and it was IQGEO as it spun out of Ubisense.

Anyone have the link? It was a regional article around Cambridge.

[w13ken] 19/1/2024 08:28

Clear all-time high this morning takes us into new exciting territory while we are on some new high-profile watchlists.
I was watching the Capital Markets video again last night and I'm convinced this could be a £billion company and that's 5 times where they are now. The 2022 Comsof acquisition was key with them being the best in network design amd IQGeo in network mgmt - the combination is unbeatable for customers.

DYOR

[p1nkfish] 17/1/2024 09:28

Now in limbo with the 330p ASK putting a damper on things.

Not sure what this means but could be a sign there just isn't much free stock available and decks being cleared of big sellers for a positive move on worthwhile news if new demand arrives. When it happens it may be rapid, not much warning prior, and once through 330p it's blue sky.

Yesterday's sellers have left some money on the table for the next holder.

Still sticking to my £4.25 target whereas Cavendish at £5. They are in the know.

Dyor etc.

[p1nkfish] 17/1/2024 08:44

Obvious comment - someone buying volume around 318p expects decent capital appreciation vs other opportunities (else why bother) but the seller may have multiple motives we are not completely sure of.

[p1nkfish] 16/1/2024 21:38

My guess is there will be some news once the seller is cleared, not before.

[horseyphil] 16/1/2024 19:21

Several big trades today. 975K in total, on top of 400K yesterday.

[p1nkfish] 16/1/2024 17:29

Anybody care to guess what the single trades today were all about?
All I can think of them being for is to test the market price for buy/sell.

At about 8.13AM and 10.48AM with the later followed by the 245K volume transaction.

[w13ken] 16/1/2024 16:18

IQG in a Vox video roundup from 25:30 or so. Use that timing rather than the official link to see how unfamiliar the host is with it :)

[p1nkfish] 16/1/2024 16:07

hp, peak of wick for the week of 16/7/23.
Top transaction price in past 52 weeks. 17/7/23 was the exact day.
Have a weekly close over that and we run imho.
Need to clear the sell zone we are now stuck in until sales are exhausted, 329.5, weekly close above, would signal to me that we are out of it.

[horseyphil] 16/1/2024 12:06

A block of 245K just went through at 318p.

What price are you basing the >329.5p on, pf? Is it the mid, or bid, or last trade (UT if there is one)?