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Started: SmallerThanLife, 14 May 2024 11:26
Last post: You_Having_a_Laugh, 15 Jun 2024 20:53
But they have many other holdings that will also perform. usually some of the cleverest people in the room.
Thanks YHAL. I thought that might be the case. I hold my shares in a trading account so it doesn't affect me.
As you probably know KKR is a huge PE/VC operation that is probably 1,000 (or more) times bigger than IQG so investing in KKR directly won't give you much visibility into IQG's own performance.
ISA/LISA/SIPP from a standard online platform provider is unlikely to allow a private off market holding and not clear if any would allow part of your holding to be converted. You might want to look at buying KKR instead and at least you can trade it and keep an eye on it online.
Qd22, I agree that it is frustrating that the company is being taken private at such a small premium.
When the time comes it needs to be an all or nothing declaration - ie you sell all your shares at 480p or you hold on to all of them. You can't opt for 50/50 or anything like that. That is another frustration.
But as I like the company, have a long investment horizon and I am curious to see where the privatisation leads, I do want to hold on to a small number of shares. Therefore I am progressively selling the bulk of my holding in the market at around 465p-470p to leave a small residual number that I will take a punt on through the privatisation process.
One more thing - KKR has talked about investing significantly in the company so there will presumably be several rights issues / share subscription opportunities coming up. So there might well be a chance to increase your shareholding in the future although whether this will represent value or not will be very hard to judge. So just a small punt for me.
Also, I have no idea how all this will affect an ISA/LISA holding. So please DYOR on this.
Thank you for your time STLife. The clarification of the position is helpful. I'm up 55% now at 467, on my fairly small holding. Not to be sniffed at. Fortunate. I'll probably let it all go at 480. I can do without the complications and unknowns of private companies: a world I don't know at all. Just angry at what seems wrong to me.
Started: SmallerThanLife, 11 Jun 2024 09:30
Last post: SmallerThanLife, 11 Jun 2024 09:30
If you go to the Offer Document on the IQ Geo website you can find the NM Rothschild valuation of Topco. Look under Alternative Offer Documents - Rule 24.11 Letter.
It's full of caveats but the key section reads:
"The Estimated Value
On the basis of and subject to the foregoing, it is our view as at the date of this letter that the Estimated
Value of a Topco Investor Share is within a range of 3,370 pence – 3,900 pence (implying 337 pence –
390 pence for the Alternative Offer per IQGeo Share). This Estimated Value implies an enterprise value
of £217.5 million to £254.3 million at the bottom and top of the range respectively, after adjusting for the
IQGeo net debt position as set out in the sources of information and bases of calculation in paragraph
13.1.3 in Part Seven the Scheme Document."
Personally I think this is a totally meaningless figure. Why would KKR offer 480p if the true value of the shares is really 337-390p? Instead it is NM Rothschild (understandably) avoiding sticking it's neck out.
But there is no question that if you opt to retain your shares instead of taking the 480p offer you are taking on a big risk.
Personally, as I mentioned in another thread, I'm going to sell 70% of my shares in the open market and opt to go along for the ride with the remaining 30%.
Started: stargate, 25 Mar 2024 14:02
Last post: stargate, 5 Apr 2024 03:54
IQG, has begun a retracement, as in this case signalled by the lower Bollinger band turning up. Support can be expected at previous price highs, between 390-395. The uptrendline is in the same area, reinforcing the probability, of the retracement bottoming out. I would not discount the even number 400, for support. Often a retracement finish, is signalled by the RSI(relative strength index), either crossing above 50, or bouncing from the 50 level.
Impressive fundamentals, pointing upward. Technical position strong as top software sector riser today, on a weak day for the software sector, which fell back into it's 1/3/24, time pivot high/low range.
IQG, secular chart view on all time horizons from 5 year through to 3 month , shows sp, rise from left to right, which supports the very positive fundamentals. Trendline from 31/10/23, is still intact, and volatility based Bollinger bands are separating, indicating faster price action. Price action may slow down when the lower bollinger band stops falling, and begins to rise, in the sane direction as the upper bollinger band.
Started: formerlyeasyp, 25 Mar 2024 13:42
Last post: formerlyeasyp, 25 Mar 2024 13:42
Small reduction in stake.
Started: SmallerThanLife, 20 Mar 2024 08:41
Last post: W13Ken, 25 Mar 2024 11:34
Amazing early buy! Congrats. I was not as early as you but bought a lot so things are going well.
I don't think there are skeletons but most dismiss them as expensive by looking in the rear-view mirror rather than ahead. That or they don't put the research in to see what they're building or how their offering beats competitors.
Yes, that was the first question they took. Any idea why IQG doesn't get more coverage on FinTwit etc. as it now has a market cap approaching £300M. Are there some skeletons from the past - before it rebranded as IQG - that has scared everyone away? My first purchase was at 68p on 15 September 2020 btw. Lucky with the timing for a change!
That was my question about the dividends. Thought it was worth getting their thoughts on the subject even if that date was a bit on the early side.
Happy enough that they are focusing on growth as they have been doing a fantastic job on that. Excited to see where they could be in 18 months anyway. I first bought back in July 2021 at 123p, it's #1 in my portfolio and now 34% of it but I've no plans to sell as they have an exceptional software package that will generate global sales.
Yes. I was impressed with the presentation on Investor Meet. No dividends for 18 months or more but that makes sense whilst they are growing the business. Looking good!
Looks like it was an LSE problem and a number if RNSs were released late. Some traders were spooked and sold but IQG is rewarding those that are in for the long-term. Now that breakeven has arrived we should see profits grow well from here as globalisation continues.
Started: W13Ken, 15 Feb 2024 21:30
Last post: W13Ken, 15 Feb 2024 21:30
I've written a Twitter/X thread with my thoughts on IQGeo's recent history and why they could go ballistic from here. DYOR.
https://twitter.com/W13Ken/status/1758200681163260379
Started: W13Ken, 9 Feb 2024 15:13
Last post: W13Ken, 9 Feb 2024 15:13
IQGeo Group helped Deutsche Telekom accelerate their ambitious FTTH (Fiber To The Home) rollout in Germany > 3m homes per year, with the help of IQGeo’s Comsof Fiber software.
End-to-end planning & design timelines were reduced by 50-90% compared to manual design methods.
https://www.iqgeo.com/blog/how-deutsche-telekom-achieved-rapid-fiber-expansion-in-germany-iqgeo?utm_campaign=Webinar_FTTH_Deutche_Telekom_14Dec23
Started: W13Ken, 8 Feb 2024 14:02
Last post: metis20, 8 Feb 2024 15:40
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.”
This is big 😀
IQGeo simplifies telecom landscape with single solution for fiber, copper and coaxial networks.
https://www.iqgeo.com/news-iqgeo/iqgeo-simplifies-telecom-landscape-with-single-solution-for-fiber-copper-and-coaxial-networks-iqgeo
Started: omir, 19 Jan 2024 15:35
Last post: SmallerThanLife, 8 Feb 2024 08:53
Some solid buy orders are going in at just under 380p today. The SP is very firm. It's not a liquid market but you should be able to sell small quantities of shares (up to 5,000 maybe) without any problem.
Can anyone sell these? I've had a sell order in for 24hr still sat there, annoying
Started: mighunter, 24 Jan 2024 11:17
Last post: W13Ken, 30 Jan 2024 11:59
IQGeo Group hit an all-time high again today with first sales in ANZ. They have the most compelling network mgmt software for telcos & utilities but up to now were just in America, Europe, and Japan. Going global should see them continue to grow exponentially. DYOR.
https://www.iqgeo.com/news-iqgeo/mondospatial-signs-iqgeo-var-agreement-for-anz-and-secures-first-win
The share price is on the move again today - 330p-340p today - so perhaps this news is filtering through into the market. Or, if we are lucky, some bigger news is on the way.
More contracts below RNS threshold.
PCS selected IQGeo against 4 competitors following a 3 month evaluation.
...Founder and Director at PCS, Bruce Boyd commented: “There is no other software platform as flexible as Network Manager Telecom, which also happens to come with the backing of a team as experienced as the folks at IQGeo.”
https://www.iqgeo.com/news-iqgeo/pcs-looks-to-the-future-with-iqgeos-network-manager-telecom?utm_campaign=PR%20-%20Articles%20and%20news%20-%202024&utm_content=279576967&utm_medium=social&utm_source=twitter&hss_channel=tw-1068104573989109761
Last post: SmallerThanLife, 18 Jan 2024 16:26
2,000 shares were just traded at 332p. That's a new all time high I think. Nice.
That's very useful Ken. It makes for significant additional income when compared with total gross revenue of £20.5M in the first 6 months of 2023.
Yes, line them up and it's a real vindication of IQG's software quality and their strategy. The hardest part is convincing these major companies to try new network software in the first place.
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)
A few more contract wins have been announced recently. There should be a Trading Update coming soon I think. The SP has been edging up recently which is encouraging.
That's exactly what happened. An encouraging (I thought) Capital Markets Day and a new US contract win announced today have pushed the SP above £3.00 again. Nice!
Started: W13Ken, 29 Sep 2023 16:05
Last post: Troajan, 19 Oct 2023 16:34
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/
Started: W13Ken, 16 Sep 2023 11:40
Last post: W13Ken, 27 Sep 2023 19:07
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
Started: Qd22, 23 Aug 2023 18:07
Last post: Qd22, 24 Aug 2023 14:57
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.
Started: W13Ken, 3 Jan 2023 23:41
Last post: stargate, 4 Jul 2023 07:41
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.
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.
Started: W13Ken, 31 Mar 2023 15:35
Last post: W13Ken, 31 Mar 2023 15:35
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
Started: W13Ken, 23 Mar 2023 15:51
Last post: W13Ken, 23 Mar 2023 15:51
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/
Started: W13Ken, 20 Feb 2023 22:13
Last post: W13Ken, 20 Feb 2023 22:13
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.
Started: W13Ken, 26 Nov 2022 17:10
Last post: SmallerThanLife, 1 Dec 2022 08:08
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.
I like the sound of this COMSOF acquisition too. It seems about the right size to digest without putting too much strain on the IQGeo's resources and it introduces new markets and new products. Also the new subscription shares are not being placed at a big discount which shows confidence in the company's future.
The SP has been moving up nicely over the last few weeks - from 110p to 150p today. It's pretty much the only holding in my portfolio that is at a one year high currently. Lots to like in the most recent results. Let's hope it can keep going from here.
Started: Troajan, 21 Jul 2022 16:35
Last post: Troajan, 21 Jul 2022 16:35
Started: W13Ken, 7 Apr 2022 16:06
Last post: W13Ken, 7 Apr 2022 16:06
Incredible win for IQGeo Group as they are named as the geo software partner in Brightspeed's $2bn US fibre rollout. IQG too cheap with a Market Cap of just £86m. There should be amazing Software as a Service (SaaS) sales ahead so I topped up again this week.
"IQG will offer its geospatial software platform to aid network planning, design, construction, and maintenance processes."
https://www.lightwaveonline.com/fttx/ftth-b/article/14270508/brightspeed-begins-ftth-deployment-countdown
Started: RedNinja, 21 Jan 2022 21:22
Last post: RedNinja, 21 Jan 2022 21:22
Kestrel have restored their case study page IQGeo which gives an overview of their view of the company :-
HTtps://kestrelpartners.com/case-studies/iqgeo-group-plc/