Iqgeo Share Discussion Threads

[p1nkfish] 14/5/2024 11:02

If Kestrel accept that's it as other larger holders will no doubt jump on board too. Little new large money has been joining by the looks of it.

Not much small fry can do - as usual.

All we can hope is that some other group sees an opportunity to party poop - not read the full release yet to see if there is a hurdle to jump above 480p cash.

Sadly this is just a point where GRID might have started to kick-in and this goes from a highly valued small-cap to an FTSE250 company with growth and real prospects to stand alone.

[mighunter] 14/5/2024 10:52

"Over the last two years, the Company has received numerous unsolicited approaches, but no one has put forward an offer that the Board would be prepared to recommend to Shareholders." Hmmm

[p1nkfish] 14/5/2024 10:47

JD23 - I agree.

[wjccghcc] 14/5/2024 10:47

You can transfer your entire holding (not partial) into unlisted shares in Bidco but given they're likely to raise money, you'll have to participate to avoid dilution. Also, you can't hold unlisted shares in an ISA or many SIPPS so you give up the tax benefits.

Annoying.

[p1nkfish] 14/5/2024 10:46

Well the AGM tomorrow will be congrats all round as the management pat themselves on the back - sold out too early imho.

Ordinary PI's denied the chance to see this reach fruition and address the even larger GRID market.

Frustrated. Could see this reaching £5.50 - £7.25 over time and even joining FTSE250.

[p1nkfish] 14/5/2024 10:41

Well there's the recommended offer.
Personally, I think it a steal for the buyer.

I might even suggest Grid news has been held back and they are getting it as a bargain. Look at how utilities have performed in US over past qtr - XLU - but other signed IQGEO's customers will have more cash to spend on efficiecny drives.

This is a 10x+ for me on original purchase but not happy with the price.

Need to read it further but hope another offer might come in and trump if the agreement allows for it.

Too soon, too early, too small, too cheap.

This sort of thing limits UK PLCs - lack of ambition, sell-outs etc.
Management happy no doubt so options convert quickly.

[johndoe23] 14/5/2024 10:38

Hmm. Got it for cheap if you ask me

[w13ken] 14/5/2024 10:38

Hats off gs, you got that one right! Disappointed that we didn't get to see them grow organically but this has been a great investment. In since 123p...

[mighunter] 14/5/2024 10:36

Takeover KKR, 480p! Well done all

[w13ken] 13/5/2024 09:47

Have you got any sources for that gs or is that just forum speculation? They're definitely an attractive acquisition for a larger company but I hope they stay independent for another 2-3 years to fulfil their potential.

[gswredland] 13/5/2024 08:10

Seems to be widely acknowledged that it could be bid for

[p1nkfish] 12/5/2024 09:26

Cyient are looking for IQGEO Consultants in India, US and Canada. They were at FTTH Europe and an interesting company for global tech outsourcing.

cyient.com/investors/financial-information

[p1nkfish] 09/5/2024 00:10

DoubleVerify (a different market) is what happens when growth stumbles. They forecast 22% growth and now took that back to 17% for 2024 (still very reasonable) down 35% today!!!

IQGEO high valuation (has been justified imho) is based on the revenue growth metric and any sign that stumbles will be punished even if the bottom line grows. The proxy for revenue growth is contract wins. Extended periods without news on new wins might be taken as a move to a different stage of development from revenue growth etc. Once that crown slips its hard to put it back on.

Ideally this is a pullback in the generally upward trend but the volume today (1.76x the 3 month daily average) and the double top look may be indicative.

I hold, haven't sold, am happy to be realistic about what I see unfolding especially as the headcount and costs increase - lots of new heads.

Lets hope management have a firm hand on it all and the quiet period is through choosing to not release much news and not due to slowing of growth. I don't know which it is but err on the optimistic side.

[boadicea] 08/5/2024 23:56

Generally a good story with apparent potential but the chart looks dangerous/toppy and the rating assumes a high marginal profit rate can be squeezed from the turnover.
The case for it looks to me to assume easy scalabilty and sufficient breadth of demand.
It needs a trading update to accompany the AGM to keep me interested.

[p1nkfish] 08/5/2024 16:23

I'm thinking any news is post AGM on 15th and before June 30th.
A bit of a record of no contract news.

May account for someone getting bored, or they think this is a one trick Fiber pony with little Grid where the real money is, or overvalued with better opportunities elsewhere. Also look a little double toppy recently.

Will give some a reason to exit and other the chance to join.
Only problem comes if this is thought of as having reached terminal growth.
If they trip up IQGEO will be punished, that's the problem with growth.

[w13ken] 08/5/2024 15:22

Unusual drop today so have bought some shares in Trading at 410p. Not expecting a bad news story and hope that we'll get a positive RNS soon.

[p1nkfish] 08/5/2024 09:48

May 7th -

Next week AGM and has now been 4 months since any RNS related to a contract.

[p1nkfish] 02/5/2024 15:22

News can't be far off. May 8th will be about 4 months since the last announcement of a contract. Since around 2020 that has only happened once before - I think it was Oct 2022-Feb 2023, memory may be flaky.

Given the changes to the product, its reach, sales quota carrying headcount increases etc, I don't believe there is less activity than in the past nor that all the big contracts have been announced/won, especially in Grid.

The negotiation period for larger contracts from first intro to signing to first sales is no doubt long but I suspect IQGEO also have some discretion as to when they announce.

AGM 15th May, H1 closes June 30th.

[w13ken] 02/5/2024 12:38

First interview I've seen with IQGeo's new CTO, David Cottingham, talking about the importance of high-quality data, Machine Learning (MI) and Artificial Intelligence (AI). He seems to bring a lot of straight-talking energy to the role 👍.

[p1nkfish] 30/4/2024 15:28

Now we know who was reducing, price held up very well and last week the volume occurred at a higher price than the peak price the week before.

[w13ken] 26/4/2024 17:55

When they issue Sales RNSs they are always for $1m+. We can be confident that other deals are coming in too.

Very happy with 400p+ share price as we've got the best part of 3 months until the Interim TU. I'll take some in Trading if it drops below 400p again but I'm keeping the long-term faith with 1/3 of the ISA in IQG.

Jan 24: $2.5m - Top 10 US Telecom (new)
Dec 23: $5.4m - Tier 1 US Telecom (extension)
Dec 23: $3m - Tier 1 US Telecom (new)
Sep 23: €8.6m - Tier 1 European Broadband operator (new)
Sep 23: $1.9m - Top 5 Global Fibre operator (extension)

[p1nkfish] 26/4/2024 17:48

Even bigger day - more than £2.4M gone though at 420p.
Someone has cleared out, probably expect RNS??

The other 2x £840K approx were reported late but took place AM today.

Someone wants out, someone wants in.
All at above last weeks 416p high.

[p1nkfish] 26/4/2024 17:40

The other interesting point is that the previous 3 weeks ended down but at lower volume each week than this week, that ended up, and each was lower volume than the previous two weeks (before the 3 down) that were also up weeks.

See what we get between now and end of H1.

There has been a quiet news period and I don't believe there hasn't been decent sales activity.

[p1nkfish] 26/4/2024 17:10

What an interesting day.
200K at 420p reported after hours, £840K.
The 200K at 420p was above last weeks high of 416p so the candle has been confirmed by volume and not a low volume close that just happens to be above 416p.

The daily candle looks very positive and this weekly engulfs last week and the week before and is a reversal after 3 down weeks. I may be wrong but it looks positive to me.

Might it be as a consequence of the recent webinar or some news due. After hours reported,could it be out of the US?

[horseyphil] 24/4/2024 09:10

Would agree with that Ken, as Warpaint has so many followers. Technology company of the year would be a nice win though.