Gatekeeper Systems Inc V.GSI

Something going on ???

[ramman1]

Share price is alive

[Ciao]

Definitely not retail buying as lack of news will not make them leaders in a buying spurt. Institutional buying? 

[ramman1]

Very quick ,healthy run-up. Almost looks like someone  significant at  ''Bay Street'' seen new Gatekeeper cameras on a TTC  streetcar .  Wishing of course .

[richinnameonly]

US Side almost 1/2 mil shares, all on a friday night with 45 min close....interesting to say the least,  Peace, Rich

[MBRocks]

They ain't jut sniffing around now... something in the works! 

[davewho]

some large trades on the US side volume now 700k I would say something going on and someone in the US has wind of it.

[ranman]

This youtuber https://www.youtube.com/watch?v=as9iiz27zsE is covering it now. -1 hr 7 minute mark

[ranman]

He's excited about us.

[Ciao]

Now how did you manage to find this?  Money Mark only has 2.3K subsribers, did his viewer base create that buying spurt? Perhaps.

[ranman]

thanks to CEO.ca . Very optimistic. Love it. @RodG Its a new pick on ’money mark stocks’ live on youtube. Could be why

[Ciao]

OK, thanks Clark.

[Ciao]

OK,he's an entertaining fella and more bullish than most of us here (we know the current valuation is very compelling, esp. using PEG), he's recently looked at the company before making it an official pick today wanting it to hug closer to the 50 day moving average, here's some notes from his video; 1) can't agree with his earnings valuations (it's trading closer to 11.5X TTM

[davewho]

Thanks Ciao good review. With only 2300 subcribers it does make me wonder just how many investors were actually watching it at the time of the share price rise. Only 4 watching now when I'm watching it. 

[Ciao]

Hey Davewho, He mentioned he had 100 people viewing, but perhaps those viewers were telling their buddies to jump in on the official pick? 245 trades on the US side today.

[ranman]

This magnifies the benefits of trading south of the border. If Doug can release something beefy at or before the show, we'll have a lot more of today's action.

[davewho]

It did seem US driven so never say never I guess. If no NR comes out then I may become a believer.  As a side note DD must have had a good chuckle with this NR.  BusPatrol Recommends Change To Prosecution Of Stop-Arm Camera Tickets | News, Sports, Jobs - Post Journal (post-journal.com)

[Oldmansmallcap]

Marks following consist of very well heeled  ex wall street types that have significant capital to invest. GSI will earn much more than .10 this year. As exposure increases and margins expand the valuation will expand.

[Ottawa10]

His video was posted during business hours on Friday.  I'm sure some will be watching that video over the weekend and we could see further buying/interest Monday.  

[davewho]

the fact that G1 Partners just invested $300mUS into a smaller competitor does seem to indicate how disconnected GSI's SP is from the reality of their business plan. But since GSI's competitor is a private company we can't really see if they are profitable at this stage. If for example they are following the Rekor business model then profitability could still be years down the

[Ciao]

And Bus Patrol has about $15M USD ($20M CDN) in rev in contrast to GSI's 2023 rev of $28M. GI Partners paid at least 20X revenues (and did not appear to buy out the entire company). Apply that rich valuation to GSI and you get a $6 CDN share price. 

[davewho]

I admit I have trouble understanding that business plan. They put cameras on school buses and start handing out tickets. Don't the drivers in that school district then get the message and stop driving by stop arms? Then ticket issuing would drop off a cliff. It seems to operate under the assumption that drivers are completely stupid and will continue the same reckless pattern indefinitely

[Ciao]

How do your calculations based on revenues and margins come up with EPS of much more than .10 in 2024?

[ramman1]

I am looking at .08 eps for the year,and that (could )be '' low''. This April is a huge  month .  The LG conference ,new investors piling in/increased positive  exposure  ,  a possible P/R of contract mixed in  , and a steller Q at the end of the month should put this $ 1 plus by end of April. ----  Focus going forward of course is a second large

[Ciao]

I'm in agreement here and would be curious to hear what others think, but Q2 results and any insight into the business in H2 will change our thoughts on projections for rev in 2024 and beyond. On a "conservative" basis, rev growth of 20% would take us to about $35M in revenue. Doug had mentioned he wanted to keep margins as he saw in Q1. Let's say that overall net profit margins

[davewho]

markets are down and GSI up 15% with strong US buying. Which begs the question. Is G1 Partners $300mUS burning a hole in someones pocket? LOL! Nothing on sedar so far. 

[davewho]

430K on OTC. 

[mjh9413]

Been in GSI for donkeys' years but I don't get the excitement unless someone trading on unpublished material. Problem is GSI revs can be lumpy and they had about $3.5MM from that 2023 contract in last qtr,, expect $5MM in current qtr., but only $0.4MM after that. So current qtr shud look great on rev side but what of the future. I don't see any reference to recurring revenues...anyone?

[fergus2]

Well Ramman1, we  All-Seeing long term GSI investors see lots on our cameras. ha  But at the same moment, I'm being wiped out of my stake in GBLT. It reminds me when the Psychic TV channel went bust. The comment in Time magazine was, They couldn't see it coming." Don't you love it?