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IQG Iqgeo Group Plc

410.00
4.00 (0.99%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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
  4.00 0.99% 410.00 129,276 16:35:23
Bid Price Offer Price High Price Low Price Open Price
400.00 410.00 415.00 405.00 405.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 44.49M 4k 0.0001 - 249.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:34 O 20,000 405.00 GBX

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Date Time Title Posts
24/4/202409:10IQGEO1,975

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Iqgeo (IQG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:38:35405.0020,00081,000.00O
16:37:12405.0015,00060,750.00O
16:25:26405.0010,00040,500.00O
15:37:04405.0010,50042,525.00O
15:36:25405.002,50010,125.00O

Iqgeo (IQG) Top Chat Posts

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Posted at 24/4/2024 09:20 by Iqgeo Daily Update
Iqgeo Group Plc is listed in the Communications Services, Nec sector of the London Stock Exchange with ticker IQG. The last closing price for Iqgeo was 406p.
Iqgeo currently has 61,577,159 shares in issue. The market capitalisation of Iqgeo is £249,387,494.
Iqgeo has a price to earnings ratio (PE ratio) of 40500.00.
This morning IQG shares opened at 405p
Posted at 24/4/2024 08:42 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 10/4/2024 00:09 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 05/4/2024 09:49 by w13ken
Nice detective work pf 👏
Customers will be sticky once they're locked in to IQGeo. The share price has recovered a bit today, which is against the grain.
It's the last day of the Financial year so I imagine we'll have more buying again next week.
Posted at 20/3/2024 15:41 by w13ken
Hopefully you can see this tweet where I compare IQG's share price rise over the last 5 years to Microsoft, Meta, Alphabet & Amazon.
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 10/2/2024 10:33 by p1nkfish
As an aside, Bentley Systems (BSY) is in price consolidation, a weekly close above $52.5 and there is a chance it will run higher. Don't like the look of all of it but just the type to look to buy IQGEO as BSY needs a fillip.

As for valuation of IQGEO being high, it is for many in the same sort of field inc Bentley and Nemetschek + others.

It's an area in demand and expect substantial consolidation with little at low valuation currently.

IQGEO did a good job snapping up OSPInsight and Comsof. Would be great if they could pull off another one but low hanging stuff is harder to find now.
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 08/1/2024 10:18 by w13ken
Another big contract win for IQGeo Group today. When you line up the last few months then things are looking very good for the future.

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)

Cheers Phil for the mention. I post on Twitter/X about IQG probably more than anyone but to a modest bunch of followers. I always enter IQG in monthly and annual Stock challenges too so that's getting the name out in front of PIs.

I'm 1 of just 2 PIs (from 450) to select IQG in the stockchallenge.co.uk 2024 competition so it remains niche.
Posted at 06/12/2023 17:51 by w13ken
There has been an exceptional 50% bounce back from the sudden drop in October and today's Tier 1 contract RNS underlines that IQGeo can win tough bidding processes so the land and expand concept kicks in.

Also, as per the Capital Markets Day feedback, where IQG even gets trials they are 80% likely to win a contract. Only caveat on getting too carried away today is that the RNS was marked as a Reach update so it stated that the information contained is not considered to have a significant impact on management's expectations of the Group's performance. Hopefully that is just them being cautious as staff and marketing costs will have risen in 2023.

Cambridge's Business Weekly e-paper article closes with Richard Petti's comments on the potential upside from here and that we are reapproaching all-time highs. Exciting times ahead I believe. DYOR.

“We are at the beginning of a major investment phase for the utility industry as it redesigns its networks to meet net zero carbon objectives. I expect this investment to parallel the growth cycle we saw in the telecom industry in previous years with a strong trajectory for the next decade and IQGeo is well positioned to benefit from this large capex cycle.”

The company’s UK share price was up this morning and closing in on the 52-week high."
Posted at 16/7/2023 15:02 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.
Iqgeo share price data is direct from the London Stock Exchange

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