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Yes, yet another good win. Tempted to top up even if I did just buy near the top.
IQGeo Group win an €8.6m (£7.4m) network mgmt contract with a Tier1 national utility and broadband operator in Southern Europe. The acquisition of Comsof last year has really helped open up the EMEA market for new business.
#1 in my portfolio and a conviction hold for me.
https://www.proactiveinvestors.co.uk/companies/news/1028160/iqgeo-wins-competitive-tender-with-major-european-broadband-operator-1028160.html
I suspect this is Telecom Italia in partnership with Open Fiber.
https://telecoms.com/515552/tim-and-open-fiber-pick-up-e3-4-billion-in-broadband-funding/#:~:text=Italian%20telcos%20TIM%20and%20Open,uneconomic%20areas%20of%20the%20country.
"Open Fiber says its grey area rollouts will encompass around 3.3 million households across the nine regions."
Italy, Open Fiber, Fixed Broadband
https://www.commsupdate.com/articles/2022/09/30/open-fiber-begins-grey-area-fibre-rollouts/
Reassuring update I'm happy to say. A few grabbed facts:
* 450+ Telecom & Utility customers
* 100k+ Global users
* Only company offering software that covers the Plan, Build & Operate phases
* 52 staff in Sales & Marketing, 32 of which are in North America. In EMEA we also have sales partners that let us connect with customers in different languages.
* New/expansion customers include NEC, telecomegypt, Manitoba Hydro, US Navy & telenet
* Lots on Network Manager editions and how it opens up possibilities to recruit companies of all sizes
* Question asked about how do IQGeo recruit Tier 1 companies: Not easy to convert them over but a key point is getting pilot launches. Once a pilot is established then there's a confidence that it will be a success and business will follow
* I asked about whether they now felt they had the right team in place given heavy recruitment and they mentioned the new CTO and confidence in the Mgmt team. Additional recruitment would be for support staff if needed
The results looked pretty good to me but there has been a fair amount of profit taking with the shares falling to 240p. Personally I am topping up at this price. The long term prospects look good and a takeover from a TelCo or similar is always possible.
Should be an interesting update and this looks to be an exciting period for growth.
We know from the Trading update that these are great results and we've got the following positives:
* The launch of staged and scalable versions of the Network manager software (Insight, Professional, Enterprise)
* A new SaaS-savvy CTO
* Major client AT&T speaking at an upcoming IQGeo conference in Denver
* Brightspeed saying that “Without the IQGeo software, Brightspeed would have needed to deploy over 30 separate tools and functions to share important network data across all our teams.”
My average price is 136p and it's approx 25% of my portfolio now but will hold as long as possible. Wouldn't want a takeover for under £500m market cap.
"IQGeo is pleased to announce that that it will publish its interim results for the six months ended 30 June 2023 on 25 September 2023.
Richard Petti and Haywood Chapman will also provide a live presentation relating to the interim results via Investor Meet Company ("IMC") on 27 September 2022 at 1:00pm BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your IMC dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet IQGeo via:
https://www.investormeetcompany.com/iqgeo-group-plc/register-investor
Yes, my buy went down in red as a sell. So is someone accumulating a lot?
Thank you W13Ken. I looked just before lunch and saw no responses, then saw these just now after pulling the trigger! 298.68 if I remember right. Certainly 298p - to buy. Also hopeful re the interims. And that they seem to have replaced a competitor in April bodes well, when there is such a big space to expand into anyway.
Note also that a more active bb is available on A-d-v-f-n
Welcome Qd22. I put together a Twitter thread with a few points of interest on IQGeo a couple of months back that has some links worth following.
https://twitter.com/W13Ken/status/1664672861762486275?t=JjwS9VZ9asm7iuOHbyyRsQ&s=19
Another positive change since then is a relaunch of their key Network Manager tool in 3 editions, which means that smaller companies can buy into IQGeo tech at an earlier stage and upscale with their growth.
https://blog.iqgeo.com/why-one-size-doesnt-fit-all-when-it-comes-to-fiber-network-management?utm_campaign=Network_Manager_Telecom_editions_launch_Aug23&utm_content=260437873&utm_medium=social&utm_source=twitter&hss_channel=tw-1068104573989109761
IQG is comfortably my #1 portfolio holding but I plan to hold them for the long term as I think the management is ambitious but well-run and their software is really challenging more established operators. More contracts should be coming soon to improve the Price to Sales ratio and breakeven is already on the cards.
I'm interested to come in here, the prospects look very strong.
But it does look expensive, and I am confused by the buying action - or lack of action. I can't see a single buy since the 16th, and a fair number of sells. So
1. With so few buys do those who know this share think some of these sells are in fact buys? The published spread is very small, so it might be confusing the issue. And
2. Is it as expensive as it looks? I'm no accountant.
Thanks, if anyone has the time.
IQG, excellent share, 3 year view reveals it has been uptrend, with the occasional retracement, since it came to market. Each time the Relative strength indicator crossed back above 50, was a buying opportunity. The RSI, has crossed above 50, today, and is a buy, now.
IQGeo have doubled their GIS software development contract with a Top 5 Japanese company (probably TEPCO). The software is used for disaster recovery emergency responses, which is a huge global market.
More broadly, the Land & Expand strategy is working well and there should be more good news to come in the upcoming Trading Update (14th July last year).
IQG is now comfortably my #1 holding and I'm very optimistic for the long term.
https://www.proactiveinvestors.co.uk/companies/news/1019565/iqgeo-extends-contract-with-top-japanese-utility-company-1019565.html
Please ignore the above. Wrong company! but IQG did come out with a good contract win today so that's good news.
2022 Results out today. They look good. Very good. And some talk of future dividends and share buybacks. That should help with the low trading volume and wide spreads.
New IQG Proactive interview. Petti and Chapman very relaxed, comfortable and optimistic for the future. Organic growth preferred to further acquisitions but never say never...
https://youtu.be/2mC5M2hZCrQ
A very slick online "Video magazine" on IQGeo & Telco has been produced in cooperation with industry experts.
"IQGeo sponsored the research and interviews provided in this Video Magazine. The topics covered are of strategic interest to IQGeo as its geospatial network design and management software is used by telecommunications and fiber network operators around the world. Visit their website to learn Why network operators partner with IQGeo."
Worth a look...w
https://techprosio.foleon.com/iqgeo/iqgeo-telco-maqazine-nocs/
Thought it would be interesting to try ChatGPT and in answer to the question "Why would major US Electricity Grid Operators choose to use IQGEO Adaptive Grid over competitive solutions?", it said:
IQGeo Adaptive Grid is a software solution designed to help electric utilities and grid operators manage and optimize their distribution grids. There are several reasons why major US electricity grid operators might choose to use IQGeo Adaptive Grid over competitive solutions:
1. Advanced Network Visualization: IQGeo Adaptive Grid provides advanced network visualization capabilities, enabling operators to see their entire grid infrastructure in a clear and intuitive way. This can help operators make better decisions and respond to issues more quickly.
2. Real-Time Network Analysis: IQGeo Adaptive Grid can perform real-time network analysis, enabling operators to quickly identify potential problems or areas of congestion on the grid. This can help prevent outages and ensure that the grid is operating at maximum efficiency.
3. Predictive Maintenance: IQGeo Adaptive Grid uses machine learning and predictive analytics to identify potential equipment failures before they occur. This can help grid operators reduce downtime and save money on maintenance costs.
4. Integration with Other Systems: IQGeo Adaptive Grid can be integrated with other software systems used by grid operators, such as outage management systems and geographic information systems. This can help streamline workflows and reduce the risk of errors.
5. Flexibility: IQGeo Adaptive Grid is highly configurable and can be customized to meet the specific needs of each utility or grid operator. This can help ensure that the software is a good fit for the unique requirements of each organization.
Overall, IQGeo Adaptive Grid offers a comprehensive set of features and benefits that can help electricity grid operators manage and optimize their distribution grids more effectively than competitive solutions.
Me too. There has been 2 or 3 years of steady progress with another good contract win announced today. Hopefully we might even start to see dividends being paid before too long. Definitely a long term hold.
TU out on the same day as last year - even with the purchase of Comsof - and it's a cracker!
Tomorrow will be just 6 months since I bought IQG at 123p - my best stock buy for years. Bought quite a lot more to put it to #2 in the portfolio (soon to be #1) and at 46% up on my average I am obviously ecstatic.
My #1 holding, K3 Capital, is being bought out too cheap but I hope that IQGeo continue to grow for years to come. They have a great management team, industry-leading software and an excellent strategy so I will remain a happy holder.
I expect positive news next week. Numerous IQGeo blogs refer to the challenge of getting companies to be bold enough to consider a replacement of their existing out-of-date GIS and there being a generation of GIS specialists that don't want to switch to more non-expert friendly software. We've seen AT&T start a significant trial so would love to hear more on that.
IQGeo have recruited heavily in the last 6 months so hope that new contracts will offset those staff costs.
Overall I'm excited that IQG have modern GIS software solutions, a great management tram, a good business model (with switch to SaaS) and ambition to grow.
They're up 35% for me so far, #2 in my ISA and they're the stock I've chosen in two 2023 stock challenges where you could only choose 1 stock. I'd like to see the company better known among investors this year.
https://blog.iqgeo.com/a-new-approach-to-managing-the-evolution-of-the-elec
Last year there was a TU on 12th Jan, in advance of the March FY end. I'm a long-term holder but I've bought in Trading this morning at 189p in anticipation of good news this month. I think larger contracts will continue to be delivered in 2023.
I like this share too. Steady organic growth plus a series of small acquisitions. The share price touched £2 yesterday which is an 8 year high.
It's the sort of company - specialist tech field - that could easily be the target of a takeover. i got in at under £1 and I'm going to hold for the long term.
IQG still steadily climbing under the radar. I post about IQG - admittedly not to many followers - and hear crickets. Most people have never heard of them and are not interested despite the excellent growth this year in a tough market.
IQG is now my #2 ISA portfolio holding (after K3C) at avg 136.6p so I'm up 40% and have no plans to sell for the foreseeable future. My best stock find over the last 18 months.
and an interview
https://www.proactiveinvestors.co.uk/companies/news/990131/iqgeo-has-tremendous-global-opportunity-after-comsof-acquisition-says-ceo-990131.html