You shouldn't have to regret it if you keep them for a while. Yes, this is a quiet board that reflects the company. They just get on with expanding the business efficiently and growing revenue, profits & dividends with the minimum of fuss.
I much prefer this to a noisy ramping board with dozens of messages a day with a stock that goes nowhere :-)
#KITW is #2 in my portfolio after #1 IQG (also a quiet board).
I don't go in there too often but I shopped there for Mother's Day and it was very busy as it usually is when I visit. We've also had Valentine's Day and pre-Easter buying in the quarter and news below showing that M&S is the fastest growing food seller. It all points to a strong Q1.
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.
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.
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.
Some info here with MV investment numbers:
https://tracxn.com/d/companies/perkbox/__oY0_doyjBx37KAvP1e0BbAdGK7IvDGT3HfcbgtkeJpM/funding-and-investors
Excellent news from Sky that Perkbox has been bought by a US private equity firm, Great Hill Partners, for about £130m. Perkbox is still listed on MV's website and a 2017 article said that their investment was $12m but I haven't managed to find more recent valuations in a quick search. Anyone else?
Let's hope this is the first of many sales and that the realisation for MV is registered in March to help the bottom line for this financial year.
https://news.sky.com/story/perkbox-founders-to-celebrate-35m-windfalls-from-great-hill-deal-13094069
Topped up on Warpaint shares last Friday at 398p. Jan's FY TU was well ahead of expectations but in the last 2 years there has also been an additional positive TU in late March/early April before results are published.
Thanks Sunbeam. I'm a newbie to MKS - only buying from November onwards - and I'm very optimistic for their future growth.
Cheers kowi. Easter falls early which should mean that a lot of Easter sales will squeeze in before the end of the Financial year (I believe it will be Easter Saturday this year).
Disappointing reaction to a strong update this morning but perhaps due to a muted forward look (although they tend to under-promise & over-deliver) or higher expectations for the dividend. Looks good for the long-term and have topped up at 298p. Goes ex-div in early April.
No probs Trotsky, I'm as keen as you for one to open.
Apeirogon, I haven't been expecting a store update in the first quarter but the next TU for March FY end is due the week of 7th April. For me it makes sense that they would use that occasion to report on the final quarter and to announce shop opening plans.
I think the CEOs are good at keeping to planned deadlines - they edited magazines so know all about hitting those. They're also very experienced in marketing so I think the shop launches will come with a suitable fanfare.
Is that a store or the head office?
Head Office
40 Water Lane,
Wilmslow,
Cheshire SK9 5AP
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
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
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
Hi Newtrader, first off, take all share bulletin board comments - including mine - with a pinch of salt as very few commentators are truly objective.
However, as objectively as I can be as a fairly large shareholder, I think Sosandar have built a strong brand but they still have to convince that they can successfully convert increasing sales into increasing profits.
I am keeping the faith but one key change this year is the move into physical shops in the Spring. If they go well then there's a fair chance of a positive rerating. Good luck...
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
I see the same and saw the opposite when IQGeo shot up last week but Google Finance was way lower at the end of the day. I asked a wise AD V F N poster and they said...
"Happens often with Google Finance. Instead of reporting the closing UT or the mid price if there isn't a UT, it seems to use the last trade to be reported, and often one that comes through after hours.
Always have to be wary of the closing prices that Google publishes."