Posted some of the below late last year , looking forward to more information on where the scope of iWG is heading.
Forecasts and examples of value for users which shine a light for shareholders on the mid to longer term direct value of their confidence in the company would be helpful.
The iWebGate " internet within the Internet " ( my description) is a profound technology heading towards being indispensable for users and devices worldwide.
Devices "include phones , tablets and sensors on anything". This can change all connection within the broader internet from "Direct" to "Indirect". Also enable connections like VPN to spin up and be secured in ways which didn't need to rely entirely on encryption or firewalls as the primary means to secure the VPN.( my words again) .
The broader market is not yet aware of just how significant the impact will be on their security and systems usage through (my words ) the creation of a "separate intervening type of Internet ".
TSWG the USA Government interagency was absolutely spot on in the Grand Final of the Global Security Challenge in London when they identified the massive future potential in iWebGate's developing technology. Four years later the commercialisation at scale appears to be kicking off.
Time horizons are important and judging from the last ASX 2015 Quarter report it is going to take time to build up sales momentum.
What will be important are the case examples of what kind of deployments and usage are taking place.
Successful template deployments are reliable foundations for extrapolating achievable market size and value.
The technology is an entirely new category of capability which majors in the market have generally overlooked.
From a security point of view amongst many benefits is the ability to achieve attributes of a 'stand alone ' type of environment . Kind of like applying true DMZ separation at all levels of user, device network, data and systems.
Sales will take time and I understand the short term quarter figures are not likely to represent the sales scale that will eventually take place, however reasonable and candid forecasts based on history to date are possible .
I'm looking forward to seeing results and forecasts of sales, their time horizons and what the flow on effect for earnings/ value per share might reasonably be expected.
IWG Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
