Iqgeo Share Discussion Threads

[w13ken] 19/3/2024 14:58

Thanks for your thoughts pf ✅

Incidentally, I have raised that question for Friday's call so we'll hear what they have to say.

[p1nkfish] 19/3/2024 14:11

Given the growth rate so far, probably not. Probably a better return on capital by keeping the money internal and as fire power and bolstering the balance sheet. However, wdik, nothing.

Some smaller company might come along and be willing to be bought too.

However, a one off return of capital (?), perhaps, like they did when they split from Ubisense and had excess cash. Ingenta did a one off too, via tender offer. Both have Kestrel as #1 investor.

Knowing where they would buy is difficult if they did acquire as the obvious targets are gone or highly valued or much larger.

I would like to see the cash pile grow for a while, personally. Lots of options if they have cash at hand less likely to need to dilute or raise more if they do a small bolt-on purchase. Could get a positive return in cash for a while at zero risk.

Our enemy will be dilution and/or management hubris.
Pays to pay cash, pays to be humble.

[w13ken] 19/3/2024 12:53

pf, with no likely acquisitions on the way and with ARR growing every year, do you think dividends could be on the way in the next 18 months?

[w13ken] 19/3/2024 11:57

FTTH Council Europe's conference in Berlin starts today and we have heavy influence there. 2030 goals chat will be interesting. Finishes on Thursday - possible reason for the Friday IMC.

"FTTH Council Europe's President and IQGeo SVP of EMEA Raf Meersman welcomes all delegates of the FTTH Conference 2024 and kicks off the plenary session by looking forward to the challenges and opportunities ahead for our industry on the path to 2030 goals."

[p1nkfish] 19/3/2024 10:06

Current price and action suggests tomorrows results are already in the price and possible bit of a sell-off after release. However, forward look will be critical as will Cavendish update if there is one.

I'm expecting there is a lot of work ongoing for Grid that is under wraps and most talk will be of Fiber for now.

[p1nkfish] 19/3/2024 09:53

Pharma/Biotech will turn. There is some real value there with growth prospects.
Timing matters as does checking the balance sheet given problems raising capital currently.

The big trends are useful to look out for and IQGEO is the middle of a few and able to ride them with decent balance sheet and years of experience in mapping assets and able to avoid having the legacy baggage of the likes of GE and ESRI + others and can be nimble.

[w13ken] 19/3/2024 09:43

Thanks pf, I hadn't picked up directly on SPA's bankruptcy risk but noted that cash has been dropping and a fund raise might be on the cards.
Some impressive tools and customers but expansion would be slower with government contracts and restrictions.
You're probably right about just having one horse in the GIS race (I now avoid pharma/biotech after getting burnt) and I'm definitely happier with IQGeo's leading team.

[p1nkfish] 19/3/2024 09:10

One thing to think about........

Who has the larger wall of money hitting the market they service with the better funded customer base?

Does IQG or SPA?

That is always very important to any decision to buy or sell.

DYOR etc.

Just mho, I think IQGEO will have a better ROI to their end customers and pretty quickly after adoption. That is my own thought, I can't point to anything to prove it. Overall productivity and resilience benefit.

[p1nkfish] 19/3/2024 09:03

Have looked at SPA. I use some old metrics and one is Alman-Z for bankruptcy risk and SPA comes out weak to me. It has other things going for it vs IQGEO but I saw that and thought "avoid".

If anything, who wants 2 investments in the same sort of target end market?
Sensible to go for something else in resources, health, pharma, different software target market, services etc and and diversify a little.

The net cash behind IQGEO has always been a comfort.

Noticed Richard Weiss didn't hang about at 1Spatial after IQGEO - looks like he jumped ship.

[w13ken] 19/3/2024 08:47

Massive National Grid upgrade required too.



Has anyone looked at 1Spatial as an investment?

[w13ken] 19/3/2024 08:35

Yes, I agree that they gave a high bar for reporting wins - only multi-million dollar sales get an RNS - so I expect that many sales have gone on in the background.

Get in early with small but rapidly growing companies and we will have a raft of positive rollouts to report.

Looking forward to tomorrow and Friday. I'm expecting to break 400p by next week.

[p1nkfish] 19/3/2024 08:02

I think they already have as a development centre for BT and others.
Various positions in India have been open mentioning IQGEO in the job description.

As the revenue grows the size of deals worth mentioning (as a % impact on the published revenue) increases = fewer announced deals in the $100'sK unless strategic.

Hence it has been quiet, just mho.

I'm happy if they expand in the middle & lower market as that is diverse, harder for competition to displace and probably decent margins with less full-service human input.

[w13ken] 19/3/2024 07:36

More background on the tech boom in India, where they are leading the way in some areas of digitalisation. IQGeo will undoubtedly pick up business there.

[p1nkfish] 17/3/2024 11:11

BTW - to get up and running fast after a natural disaster event needs a large element of "mobile first". Someone has to go and do the job at the demand end to reconnect and do safety checks and report back in real-time and be ready to receive the next service ticket to move onto the next location. Whilst having the system of record updated in more or less real-time.

[p1nkfish] 17/3/2024 10:23

Anyone who has followed IQGEO long enough will know how beneficial they have been to TEPCO for restoration of service post natural distaster and it makes sense for the US utilities to look at good practice elsewhere.

Having utilities running as quickly as possible post event is critical in helping repair and replace other infrastructure and is beneficial to overall cost.

Believe climate change or not the image below is the CPI inflation adjusted (!) costs to the US:

UNITED STATES BILLION-DOLLAR (CPI-ADJUSTED) WEATHER AND CLIMATE DISASTERS, 1980-2023

[p1nkfish] 16/3/2024 00:34

IMC at 3.15pm on a Friday afternoon is a little peculiar. Will it catch a bigger audience than usual, intended to leave an impression over the weekend, or just because its a convenient slot for management and happens to be available?

[w13ken] 15/3/2024 23:40

I use ii for trading but missed this one. Even though it's a cautious one-for-the-future recommendation it's great to see that IQGeo is coming up on the radar of the financial press. We can expect more of that from now on.

[carper232009] 15/3/2024 14:18

:.;.5:5.:25

[w13ken] 15/3/2024 14:16

On Twitter...

⏳ We're just a few days away from the leading fiber optic event in Europe! 🎉 Are you attending the FTTH Conference in Berlin next week? We would love to connect! Check out where we you'll find us during the 3-day conference.
See you there! 😊

[p1nkfish] 15/3/2024 12:18

Past is dead, useful as a source of learning, forward look is the critical element. Past already in the price + some.

Looking forward to CEO/CFO sentiment, words etc. Where to now.

[w13ken] 15/3/2024 10:37

FY results out a week earlier this year on 20th March.

Investor Meet presentation on 22nd March at 15:15 GMT

[p1nkfish] 13/3/2024 20:44

More interest in India from Prodapt and Utilities One in Uzbekhistan, both advertised today. Growth potential in new markets.

[p1nkfish] 12/3/2024 11:55

BT recruitment in India for OpenReach and mentions IQGEO. Mentions 1 man and his dog as a s/w package but IQGEO gets first mention in this section.

"Software development experience in GIS applications like IQGEO, QGIS, GE Small world in telecom or non-telecom domain"

Import to IQGEO??



Replace xxx with jobs.bt.com

[w13ken] 12/3/2024 11:29

IQGeo have come a hell of a way in the last 5 years...

IQGeo celebrates 5 years of Building Better Networks