Ubisense Share Discussion Threads

[p1nkfish] 28/11/2018 23:39

2018 H1 £2.5M own products and £3.5M 3rd party. What if they buy the 3rd party or acquire some other entity to replace the 3rd party?

Incorporated in Japan in Sept 2018 too for IQGEO. There has been a plan for a while. Wonder who came up with the plan/strategy.

I expect H2 could be stronger for myworld but 3rd party running off and wondering if they will just grow to replace run off or acquire to bulk up the business and plug 3rd party gaps with higher margin.

The Japanese changes are interesting as there were to be contracts up for renewal. Expect news once transaction is done. Possible trading update Dec?

I think the move they are making will be game changing. SaaS for the utilities is likely to be lucrative.

[p1nkfish] 27/11/2018 17:16

All the above and below is approx.

20p/share cash back would still leave IQGEO with about £14M cash and no debt and upto £5M deferred.

Current market cap about £48M and extracting £35M for Ubisense leaves IQGEO at about £13M of the combined enterprise. Hence it would exit with about 1x it's current part value in cash after handing back 20p/share to holders and then be free to be re-rated too.

The total value at about 83p (could be higher) and close to the 84p 52 week high.

[p1nkfish] 27/11/2018 16:50

It means about 65p share price now is buying a conservative 83p of value and a rapidly growing SaaS business. Cash back will come off the 83p and add to the holders liquidity.

Anyone care to chip in?

[p1nkfish] 27/11/2018 16:45

Shareholder value release? Please post thoughts.

Current Ubi market cap = £48M approx. RTLS valued all in at £35M tops by sale amount.

2018 IQGEO sales should be about £11M (H1 £2.5M own products and £3.5M 3rd party), contributing about £2.6M, approx £1M loss likely, valuation could easily be 3x Revenue for the business.

At the end of transaction, before hand back of excess funds to shareholders, IQGEO should have around £29M cash with potential further £3M in staged pay out (if RTLS achieves goals), and about £2M of Ubisense shares, approx 5% of RTLS. The £29M is £23M immediate proceeds plus approx £6M cash in bank as Ubisense is being sold cash and debt free.

So IQGEO will have about £29M cash (ignoring potential extra £5M to come in), about £11M sales for the year and growth of 30% CAGR potential and could be in a 3x Revenue type multiple = £62M before handing cash back.

Add a real plan to make it very attractive in recurring revenue, cash flow and growth & I think £62M is on the sensibly conservative side (not including any of the £5M deferred).

The sales multiple for SaaS is a big variable but looking at the team, customer base, future user capture, lifetime of users then 3x Revenue is not a stretch imho and could easily be higher if they are careful and don’t go overboard.

Zuora 101 worth a read, linked in the below.



So conservative £62M value at the end of transaction with path to much higher and strong balance sheet.

[p1nkfish] 25/11/2018 23:35

This was also incorporated 23rd Nov 2018 but in Cardiff.
It's related to housing, wonder if it's someone squatting on the name of the group?

[p1nkfish] 24/11/2018 22:16

IQGEO was incorporated 7th September 2018.

[p1nkfish] 21/11/2018 10:00

There's a chance this is true.

"ubisense-disposal-gives-birth-potential-new-global-software-giant"

[p1nkfish] 21/11/2018 09:48

Take approx £30M off existing market cap, thats about IQGEO approx left-over. Then headcount reduction, margin improvement, CAGR potential etc. Some cash back to shareholders.

It's undervalued imho.

[ant445] 21/11/2018 09:38

good to see the share price moving in the right direction

[p1nkfish] 21/11/2018 08:02

A good move by Ubisense management.

[p1nkfish] 21/11/2018 07:27

RTLS side being sold. Sounds like a very good transaction and frees myworld to shine solo and gain the multiple it deserves having high margins and growth.

[p1nkfish] 07/11/2018 22:29

8to800, interesting Richard Griffiths and family declaration.
It might be ready for another leg upwards.

[p1nkfish] 07/11/2018 22:27

Reads well as a meet-up.
Bright future for myworld imho.

[p1nkfish] 01/11/2018 14:38

Wonder if sales are from/to 3%+ holder as would be good to have some idea via RNS who is moving in/out at this volume.

[from8to800] 01/11/2018 10:54

Big chunk just gone through. Marked as a sell. Wonder if this will unlock some share price movement.

[p1nkfish] 23/10/2018 19:39

Another good one.

[p1nkfish] 19/10/2018 19:20

CableOne signed up Ubisense for new myworld.

[p1nkfish] 04/10/2018 08:08

A new VAR seller agreement in Japan for Myworld starting Oct 2018 and targeting 30 organisations by 2020. They have a decent headcount and good number of companies in their group.

It will probably turn up on the Ubi website sometime as it doesn't look like a small group to deal with in an under penetrated G7 country.

Also, when they sold off parts in Japan earlier 2018 it was mentioned new contracts were due. This should now enable them to work to displace GE Smallworld with their own higher margin products.

It's good news. Also illustrates they have had a plan in place for a while.

[from8to800] 04/10/2018 07:48

Care to translate?

[opodio] 03/10/2018 21:35

hradfing to 40p

[p1nkfish] 03/10/2018 20:40

Good luck to the sellers.
Good news announced today in Japan.
30 companies aimed by 2020.

hxxps://www.tis.jp/service_solution/myworld/

[opodio] 28/9/2018 20:28

shares look ready to sink like the belgrano

[from8to800] 27/9/2018 16:50

Welp, could've been worse... no one seemed to give a 5h1t. Hopefully this means upside going forwards.

[p1nkfish] 27/9/2018 09:26

Look at free stock (total float - (large holders + management)).

Take a look at shares sales total volume since 52 week high & compare to free float.

Now, to me, it suggests holders are predominantly tight, know what they are getting into, not stupid and some have been taking part since 52 week high to now & expecting upside.

Granted, predominantly sales since 52 week high but those shares have found a home above the current price.

Think about that.