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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Iqgeo Group Plc | LSE:IQG | London | Ordinary Share | GB00B3NCXX73 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 478.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 478.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/9/2024 | 06:00 | UK RNS | AIM Cancellation - IQGEO GROUP PLC |
| 23/9/2024 | 09:31 | UK RNS | IQGeo Group PLC Scheme of arrangement becomes effective |
| 23/9/2024 | 06:30 | UK RNS | AIM Suspension - IQGeo Group plc |
| 20/9/2024 | 14:50 | UK RNS | IQGeo Group PLC Holding(s) in Company |
| 19/9/2024 | 14:30 | UK RNS | Syquant Capital Form 8.3 - IQG LN |
| 19/9/2024 | 13:36 | UK RNS | IQGeo Group PLC Form 8 (DD) - IQGeo Group Plc |
| 19/9/2024 | 13:33 | UK RNS | IQGeo Group PLC Form 8 (DD) - IQGeo Group Plc |
| 19/9/2024 | 13:28 | UK RNS | IQGeo Group PLC Form 8 (DD) - IQGeo Group Plc |
| 19/9/2024 | 13:25 | UK RNS | IQGeo Group PLC Exercise of Options and Rule 2.9 Announcement |
| 19/9/2024 | 11:53 | UKREG | Samson Rock Capital LLP - Form 8.3 - IQGeo Group Plc |
Iqgeo (IQG) Share Charts1 Year Iqgeo Chart |
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1 Month Iqgeo Chart |
Intraday Iqgeo Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 07/10/2024 17:27 by w13ken Finally got it through on ii.Good luck for the future IQG board members - clearly each of you is a person of discernment. |
Posted at 15/9/2024 10:26 by p1nkfish IQG has been taken off market just as the real fun is about to start. A great shame for the UK market.Interesting to see what is happening to Electric and some Gas utilities share prices in the US. Part of it down to the interest cycle turning but also as seen as potential growth due to increased energy demand. So you have asset backed companies, paying dividends, now seeing demand growth potential (datacenter etc) just as the interest rate cycle turns - a good set of coincidences. Also the likes of Verizon moving on Frontier Communications in fiber. When target customers stock prices rise it can be a healthy sign to the vendors to those companies. |
Posted at 21/5/2024 08:05 by p1nkfish After much reading and talking to various, I agree with Threadneedle.IQGEO would need more capital to grow but the opportunity is massive and all stakeholders should have been given an opportunity to support it. If there was no support then sell. The door is wide open to solutions as sold to TEPCO, across the US. The lack of US Grid news I've banged a drum about, in my humble opinion, has a reason, a purposeful reason. Such news would have pushed the price up. Just heard from someone in Houston (certainly not poor) concerning the hassle of re-establishing electricity after recent storms. The market is there, available. It needs IQGEO solutions. KKR have gained a special asset and it's a steal. The price they have paid will return handsomely to them as it heads towards $1Bn valuation over the next 5 years. This smells of the management and Kestrel wanting to take money off the table now and seeing a convenient way to do it quickly with the excuse of lack of liquidity and an unsupportive market. They could have issued more shares and when did they look for market support to prove it's unsupportive? All is my own opinion only, dyor. This is a steal at 480p. KKR need only set aside say £25m-£50M maximum to get this to the next level imho (abs max) and even Chapman himself said operational gearing will kick in and it's hardly in a none self sustaining position. The Cavendish forecasts (conservative) were from IQGEO's input. It smells imho. |
Posted at 19/5/2024 06:51 by simon gordon Sunday Times - 18/5/24:City giant Threadneedle clashes with KKR over tech company buyout Columbia Threadneedle became aware of private equity firm’s swoop on Cambridge-based tech company only days before board backed takeover Kohlberg Kravis Roberts earned its “barbarians at the gates” moniker for an aggressive pursuit of the American conglomerate RJR Nabisco in 1988. Thirty-six years later the Wall Street private equity firm continues to live up to its reputation after a row erupted at one of the City’s best known asset managers over a Cambridge-based tech company. Columbia Threadneedle has accused KKR of “ram raiding” the London stock market after it pulled off a £316 million swoop for AIM-quoted IQGeo. Threadneedle, which is IQGeo’s second-biggest shareholder with a 13 per cent stake, is opposing KKR’s takeover bid. IQGeo has developed software that allows utilitiy companies to track their networks using satellite imagery. It enables broadband companies to create a digital map of their cabling infrastructure, for instance. Previously, the majority of the records were in paper form. “Although the financial metrics of KKR’s offer are very high, we do not believe it fully realises the long-term growth potential of IQGeo,” said James Thorne, UK equities fund manager at Columbia Threadneedle. Threadneedle is aggrieved because it became aware of a months-long sales process, overseen by the Takeover Panel, only days before the IQGeo board announced the recommended takeover by KKR. The company’s largest shareholder, Kestrel Partners, which owns 27 per cent of the company, was aware of the auction by virtue of having representation on the IQGeo board. Kestrel did, however, recuse itself from the sales process. KKR is taking the unusual approach of financing the entire takeover itself, rather than bringing in lenders to provide bridging loans to fund the deal. Private equity firms typically seek bridging loans to fund public to private takeovers. Lenders prefer to provide the loans on the basis that the private equity firm will execute the acquisition through what is known as a scheme of arrangement. A scheme of arrangement requires 75 per cent approval from the target company’s shareholders, but allows the deal to be completed quickly so that the bridging loans are refinanced and then secured against the target company’s assets. If the private equity firm cannot get 75 per cent approval, then it may switch the mechanics of the transaction to a takeover, which requires a simple majority. But completing the deal typically takes several months longer, leaving the lenders with outstanding bridging loans that are not secured against company assets. As a result, financing a takeover as opposed to a scheme of arrangement is more expensive in terms of fees and interest costs. It is the second time in short order that KKR has employed such a strategy. The firm prevailed in a £1.3 billion deal for Smart Metering Systems, another London-listed company, earlier this year despite opposition from its Glaswegian founders. KKR’s decision to fund the deal in full negates such risks as it means financing is in place for either eventuality. It also means that the threat of opposition from dissenting shareholders, which could block the sale through a scheme of arrangement if representing more than 25 per cent, is mitigated unless more than 50 per cent of investors oppose the deal. In the case of IQGeo, it means Threadneedle is powerless to stand in the way of KKR’s takeover of the business. Four of the company’s five largest shareholders — Kestrel, Charles Stanley, Herald Investment Management and Canaccord — are backing the takeover. Threadneedle first invested in IQGeo in 2010, when it floated. Last week Jeremy Hunt, the chancellor, insisted that the UK can create a $1 trillion home-grown tech giant to rival Microsoft or Google. Reflecting on the chancellor’s remarks, Thorne said: “We’ve been early-stage investors in UK tech for over 10 years, providing clients exposure to leading companies and producing strong long-term returns. IQGeo is a great example of the kind of company we look to invest in. He continued: “KKR has seen the same potential in the company we did. IQGeo is now well-funded, generating significant revenue and profit growth with the potential to become many multiples of its current size.” A spokesman for IQGeo said: “The board believes that the 480p a share offer from KKR, which crystalises a 11 times return over the last five years, represents highly attractive value for shareholders. “In addition, KKR will provide support, expertise and significant investment to enable the company to move onto its next phase of development. The board is pleased that the transaction has already received written support from nearly 60 per cent of our shareholders.” KKR declined to comment. |
Posted at 15/5/2024 08:45 by red ninja Investor's Champion pay for tip website comment :-Stonking Small Cap under offer IQGeo (AIM:IQG), the provider of geospatial software solutions to telecommunication and utility operators and one of our Stonking Small Cap opportunities has received a takeover offer from funds managed by KKR. This is the second time in the last few months that the private equity giant has swooped on an AIM company in the utility sector, having recently acquired Smart Metering Systems for £1.3 billion. The cash offer of 480 pence per share values IQG at approximately £333m, a modest 19% premium to the prior day’s closing price, although the shares have been on a decent run. It will be a shame for AIM to lose another innovative growth company like this. Shareholders with a combined 58.2% position have already indicated their support for the deal which therefore seems likely to go through. |
Posted at 24/4/2024 07:42 by w13ken I saw the fastest growing list (IQGeo #90) and noticed it was based on pretty old results. We can expect a higher position next year.I hadn't seen the Small Cap awards though so good spot pf. Interesting, and it has a prestigious panel. IQGeo are up for Technology of the Year and Company of the Year. My odds are good on the letter category as I own shares in 3 of the 5 nominees: IQGeo, Kitwave & Warpaint 😀. All are having a storming year: IQG: +33% KITW: +37% W7L: +29% I expect Warpaint would be a better bet for Company of the Year but hope IQGeo win the Tech award |
Posted at 09/4/2024 23:09 by w13ken Good interview with Raf and, as the Bloomberg article indicates, energy and network demands will only grow exponentially from here, which bodes well for IQGeo's solutions.Aside from Richard, Haywood & Raf, it's fair to say that all of the extended management team at IQGeo are uniformly excellent. We've not met the CTO yet but we should hear more on the upcoming technical roadmap soon. I've no serious concerns about the recent share price drop. To misquote Field of Dreams: "If you build it, they will come". |
Posted at 11/2/2024 20:50 by p1nkfish Next Query: "Do you consider it possible that IQGEO Adaptive Grid software could capture 0.3% of this market?"Response: "Whether IQGeo Adaptive Grid can capture 0.3% of the market for mobile software aiding in rapid design, asset management, and outage restoration in the electric grid is possible, but depends on several factors: Strengths of IQGeo Adaptive Grid: Focus on network-centricity: Adaptive Grid specifically targets the needs of electric utilities for grid management, unlike some broader smart grid software solutions. Integration capabilities: Seamless integration with existing GIS and network data is crucial for adoption, and IQGeo emphasizes this aspect. Mobile-first approach: Aligning with the trend of mobile device usage by field workers can be advantageous. Company growth and momentum: IQGeo is experiencing strong financial performance and customer adoption, indicating potential for further market share gains. Challenges to consider: Market competition: Established players and emerging competitors exist in the smart grid and mobile workforce management software space. Newness of the solution: Adaptive Grid is a relatively new product, requiring time to gain market awareness and trust. Integration complexity: As mentioned earlier, integration challenges can hinder adoption, requiring IQGeo to address them effectively. Price sensitivity: Utilities might be cost-sensitive, requiring IQGeo to offer competitive pricing and demonstrate clear value proposition. Market size and potential capture: While a precise market size is elusive, considering the broader smart grid and mobile workforce management software markets with estimated values of $35.94 billion and $55.59 billion by 2028 and 2027, respectively, even a conservative 0.2% overlap suggests a potential market exceeding $50 billion. Capturing 0.3% of this potential market translates to roughly $150 million. Overall, capturing 0.3% of the market is achievable, but not guaranteed. IQGeo Adaptive Grid's focus, capabilities, and company momentum position it well, but overcoming competition, establishing trust, and addressing integration challenges will be crucial for success. Remember, this is just an informed estimate based on available data and analysis. The actual market potential and IQGeo's performance will depend on various evolving factors." |
Posted at 08/2/2024 15:43 by metis20 Cambridge, 8 February 2024 - IQGeo (AIM: IQG), a developer of geospatial software that is “Building better networks” for telecom and utility operators, today announced that it has extended the industry-leading fiber management capabilities of its Network Manager Telecom product to also support copper and coaxial networks.This marks a significant change for telecom operators with mixed technology infrastructures, as they can now simplify their system landscape to a single management platform and replace their legacy system of record. “We’re incredibly excited about the continued flexibility we’re delivering for telecom operators,” says Richard Petti, CEO for IQGeo. “We’ve consistently learned from fiber operators that IQGeo’s biggest value is offering a shared platform to manage their lifecycle, from planning, design and construction to operations, sales and marketing. With this new release, we now provide one platform for all technology infrastructure used by telecom networks.” The latest version of Network Manager Telecom adds new data models for copper and coaxial networks to the existing fiber model, with the ability to document and manage all associated equipment. This is just part of the most recent enhancements of IQGeo’s flexible and comprehensive network management features, which include industry-best field mobility, documenting outside and inside plant inventory, dynamic network schematics, seamless data imports and exports, and labor cost management. “As with any IQGeo product release, we’ve gone a step further than introducing new network models,” adds Petti. “We’ve also introduced new workflow functionality, such as line of count support for mixed architecture networks and intuitive views of cable-to-equipment relationships.” “This is simply the latest step in giving our customers the flexibility they need to manage complex network deployments and operations, which is helping them accelerate their time to value and maximize return on investment.” |
Posted at 16/7/2023 14:02 by red ninja IQG continues to be covered by Investor's Champion which considers it a Stonking Small Cap. However, not sure if Investor's Champion is a big influenece. It tip is not really revealing any new to IQG followers.Dated 12/7/23. Second half of tip :- Broker forecasts For the year ending December 2023 revenue is forecast to climb 24% to £33.0m, adjusted EBITDA rise 220% to £6.1m and the Group register a maiden adjusted pre-tax profit of £3.5m. Forecast earnings per share of 5.0p result in a seemingly heady Price Earnings (‘PE) multiple of 60x or 4.2x forecast revenue. Forecast free cash flow of £5.5m equates to a free cash flow yield of 3% at the current market capitalisation of £183m (share price 298p - initially 213p). Forecasts for the following year ending December 2024 are for revenue to continue its double digit rise to £38.0m, pre-tax profit of £5.7m and earnings of 7.5p per share. Given recent newsflow covered below we anticipate upgrades. Recent contract news Since the acquisition of OSPInsight there has been a noticeable acceleration of material (£1m+) contract wins. These include contracts with several major Canadian telecoms network operators, a fibre network provider in Germany, electrical utilities in the US and Japan and a US telecom network operator. The start of 2023 brought news of the extension of an existing relationship with a Global Top 5 telecom operator with a further software subscription value of US$4.2m (annual value US$1.5m) and US$0.5m of services. This follow on contract demonstrates the expansion and upsell opportunities afforded by the integrated software suite. The software will streamline processes associated with the build out of fibre networks that were planned using IQGeo's fibre network planning and design software. In February they announced a major new contract with NESIC in Japan to deliver a utility disaster assessment solution for Japanese public authorities. The £1.9m deal over 5 years includes IQGeo's software platform and mobile capabilities consisting of a £1.0m licence and associated support and maintenance. IQGeo has a long-standing integration partnership with NESIC who has provided disaster assessment and emergency response solutions to some of Japan's largest electric utility operators. The new solution integrates a wide range of data streams and weather analytics into a single IQGeo geospatial dashboard for office based and mobile field crews. The solution enables public service authorities to effectively monitor and manage their disaster response activities during Japan's frequently severe typhoon, earthquake and tsunami incidents. In April came the announcement that the OSPInsight fibre network management software has been selected by a rapidly growing large tier 1 telecom operator in the US to replace a competitor's solution. This is a significant contract for IQGeo's SMB software division (having a subscription value of US$500k over three years plus over $2.0m in professional services to be recognised in the Dec 2023 financial year), reflecting the success of this team in securing larger customers. Operating in multiple markets across southern states, the operator has grown significantly through organic expansion and acquisition. With their existing ESRI-based mapping software unable to meet their increasingly complex requirements, they turned to IQGeo for an optimised fibre network management and workflow solution. The first phase of this project employs IQGeo's fibre industry experts to migrate network data from disparate systems into a single shared System of Record. This initial deployment has significant future expansion potential as the customer rolls out software to field teams and expands applications into planning, construction, and maintenance operations. Most recent in July came news that an existing top 5 Japanese utility customer had signed a new subscription agreement to significantly expand its use of the IQGeo software for emergency response. The total software Annual Contracted Value for this customer will grow by approximately 100% to more than £1.1 million. IQG subsequently announced news of significant contracts with a tier 1 US telecom provider and one of Germany's leading broadband operators. The German customer contract has a total minimum Annual Contract Value of more than €2m over a 3-year period while the US customer signed a 3-year contract with a value of more than $2m. Why is at a Stonking Small Cap IQGeo addresses a very large and rapidly changing market, and more significantly one that would appear to be in dire need of its software. Through a combination of organic growth, supported by niche acquisitions, the Group is growing very fast, with revenues up over 180% since 2020 and double-digit growth set to continue. Once embedded in a client’s systems the ability to upsell other parts of the software suite seems clear, reflected in recent contract news. While the rating, based on earnings, looks full in the current climate and IQG is only just moving into profitability, the excellent client retention rates and growing amount of recurring revenue provides plenty of visibility and assurance. The contract with NESIC in Japan covered above, highlights its innovative nature and opportunity for growth into new adjacent markets. The shares have nearly doubled over the past 12 months, on the back of plenty of positive contract news and upgrades. While a degree of profit taking might be expected in the short term, this one is proving hard to ignore. |
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