IKE - IKE GPS Group

[Forrestdun]

Closed at 0.99 so close!!

[Minimoke]

Tomorrow is a great day to either buy a bargain or tap out on a high.

[Hectorplains]

Tomorrow is a great day to either buy a bargain or tap out on a high.

It is a recent high but not an all time.  The share price spent an extended period trading over a dollar (best part of year from Oct 2020 to Nov 2021.) No doubt that muscle memory will assist in the climb back up.

[Left Field]

IKE update out.

https://www.nzx.com/announcements/406297

� YTD revenue of ~$23.3m (+134% vs pcp)
� Q3 FY23 revenue of ~$7.9m (+88% vs pcp)
� Q3 FY23 recurring subscription and reoccurring transaction revenue of ~$7.2m (+121% vs pcp).
� New contracts closed in Q3 FY23 of $7.3m
� YTD gross margin approximately of ~$12.3m (+98% vs pcp), with a YTD gross margin percentage of approximately 53%.
� Total cash and receivables as at 31 December 2022 of ~$23.5m, comprised of $20.6m cash and $3.0m receivables, with payables of $1.8m and no debt.

Market seems to like it... (up over $1.00 at time of writing)

I like it..... steady progress and leaving room for surprises (hopefully positive) in Q4.

[Waltzing]

GPS - have they stopped geting lost yet;  how long has this lot been lost due to atmospherics.

can we put it down to Coronal Mass Ejections on the Sun.

https://www.jpl.nasa.gov/nmp/st5/SCIENCE/cme.html#:~:text=Coronal%20mass%20ejections%20(CMEs)%20are,scientists%20call%20%22flux%20rope.%22

would rocket labs have been the better trade?



 

[Minimoke]

Not as good a result as I had expected. Looks like my back of a matchbox FY calculation of $36.5m needs to be revisited.

That's said, market seems to like it on very small volume

And overall I can't complain given I finally hold something that has me well in positive territory.

[Left Field]

Minimoke - I will have more concerns if Q4 doesn't meet/exceed expectations. I like their 'no borrowings', reducing cash burn, and huge growth in 'transaction revenue' ..... long may it continue.

Onwards and upwards.

[Minimoke]

Closed today at $1.01. Those that paid $1.05 probably got a bit over excited.

[Minimoke]

Looks like Ike could be down the gurgler approx US$3m in uninsurable deposits with the collapse of Silicon Valley Bank.

They still have $14.5m left over and strong cash flows. But a nasy hit all the same.

We might moan about the bank profits here in NZ, but you'd hope our banks don't end up in such a position.

[Untamed]

Not ideal, but it does show that IKE is being prudent and not putting all their eggs in one basket.

Looks like Ike could be down the gurgler approx US$3m in uninsurable deposits with the collapse of Silicon Valley Bank.

They still have $14.5m left over and strong cash flows. But a nasy hit all the same.

We might moan about the bank profits here in NZ, but you'd hope our banks don't end up in such a position.

[Untamed]

Seems their deposit is safe:

https://www.rnz.co.nz/news/world/485847/us-announces-it-will-stem-silicon-valley-bank-fallout-customers-to-have-deposit-access

[Untamed]

IKE has released an update to their previous announcement:

https://www.nzx.com/announcements/408246

[Untamed]

Performance update Thursday 4th May:

https://www.nzx.com/announcements/410676

[Minimoke]

Performance update Thursday 4th May:

https://www.nzx.com/announcements/410676

I could do with some positive news. I'm well down on this one!
(current SP $0.81)

[Left Field]

At some stage Winner reckoned Full Yr revenue of $39 mill..... I'll be happy above $30 mill.

( A small profit might even get the market excited! )

Roll on Thursday.