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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Imagination Technologies Group | IMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 181.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 181.25 |
| Top Posts |
|---|
Posted at 28/10/2017 13:45 by srsm And the board and private investors missed the elephant in the room."Neural Networks (NNs) drive an explosion in technological progress across industries, NNAs are now a fundamental class of processors, likely to be as significant as CPUs and GPUs." hxxps://www.imgtec.c IMG are giving away a technology likely to be as important as anything MIPS and ARM does, and as important as PowerVR. Buy One (PowerVR) and Get One Free (PowerVR Series2NX Neural Network Accelerator (NNA) ). To paraphrase Norman Tebbit. The CPU isn't dead: the CPU is brain dead. (2nd page has the interesting bits). More here: hxxps://www.imgtec.c Note the dig at Apple. "Recently a smartphone manufacturer announced that its hardware used to enable face detection for unlocking the phone offered 600 billion operations per second. A single core of our initial PowerVR 2NX IP, running at a conservative 800MHz, can offer up to 2048 MACs/cycle (the industry standard performance indicator), meaning we can run over 3.2 trillion operations a second – twice our nearest competitor. The 2NX is a highly scalable solution, and through the use of multiple cores, much higher performance can be achieved, if required. As they say in football, it’s men against boys." More sighs. I think 182 without the 2NX is probably fair enough. With it I think it is a disastrous undervaluation. Machine Learning - Neural Networks is the future. And maybe what the Chinese are really after. |
Posted at 14/10/2017 09:20 by hammerd2 Well without a time machine that line of enquiry is entirely pointless and 12-18 months more without selling MIPS wouldn't have left the company debt free. The board are clowns, that much was already known.However I'm sure the sale was forced on them by the same institutional investors who forced through HY's replacement in the first place (the ones who didn't realise how soon Apple would jump without him). I'm giving it til Wednesday to get the MIPS deal finally done. If it hasn't happened by then I fear there could be real doubts surfacing and will be closing my spreadbet at the very least. Maybe some shares too. While it would be nice, I don't need £1.82 that badly that I'm willing to watch th whole lot unravel. |
Posted at 14/10/2017 09:01 by borromini1 Suggestion to IMG board:Why would it not have been a far better strategy to have said in April/May/June/July that IMG will concentrate on marketing, sales and delivery of the superb existing and new products to continuing and new customers and partners for at least the next 12 to 18 months before making the next strategic review? This would provide a much longer lead in time for any potential investors or take over options to emerge. Time for Apple to demonstrate how much IMG IP they actually will end up using rather than having the current unsatisfactory unresolved dispute. Time for IMG to clear all net debt to zero and build up cash as currently expected (as stated in Annual Report). More time for Ray Tracing to obtain its first licence win. Time for take up of the Neural Network Accelerator to show its licencing potential. More time for MIPS and Ensigma to show a profit. More time for ongoing PowerVR XE and XT sales to show their contribution level. The current strategy could be characterised by media headlines of PANIC PANIC PANIC followed by FIRE SALE FIRE SALE FIRE SALE. It has resulted in the disappointing proposed breakup sale of MIPS. It has resulted in only one bid at a much reduced value level. How could giving it another 12+ months produce a worse outcome and not a likely better outcome? My 0.07% says Vote NO. |
Posted at 09/10/2017 10:40 by stunger So are 75% or more going to vote for the sale to CB? On one level I imagine so because many shareholders had grown pretty negative on the leadership under SHY or I'd prefer to say HY as goodness knows what his perceived accomplishments were to deserve a knighthood. Great design engineer and nice guy but talk about steering the boat onto rocks when it came to being given the captain's hat. But assuming that no further bid comes in to stir things up (and I wouldn't rule it out completely), if the PI's vote for the sale will the institutional investors who own the bulk of the shares also vote for the sale? |
Posted at 04/10/2017 21:31 by hammerd2 I am amazed Intel aren't interested too.I'm sure your guy, or you, would not be laughing so hard if someone at IMG or the FCA found out he was telling investors price sensitive information (serious talks with rival bidders) not in the public domain which could affect the shares price. I always thought that was insider trading if any trades have been made since you or him/her came across this info. Not my problem though, I'll be extremely pleased if a rival can complete at a higher bid price in a similar timeframe. |
Posted at 29/9/2017 08:10 by borromini1 If our Chinese state friends want to keep IMG UK based and support the expansion of the use of British innovation in Asia they can achieve that by partnering with IMG and buying a minority shareholding along with all the other enthusiastic investors. Labour's investment bank could join in later on if the Tories don't care to engage. Our Chinese state friends can access all the IP they want to use without needing to own the entire company. In that scenario MIPS can be retained to keep the vision of a more comprehensive integrated IP portfolio offering. The current IMG management have done their best to salvage a quick partial compensation package for shareholders who want out, they have no answer for investors who still believe this company has a future that exceeds the current offer. |
Posted at 28/9/2017 16:47 by life of crime Exlogicalad, it is probably the only way IMG investors are going to see that dividend before they're finally snapped up by CB.If it runs to a court case and CB wins, shareholders will get nothing from it. |
Posted at 28/9/2017 11:10 by stunger I dont think HMGovt is going to step in and stop the sale, yes the company sold is a loss to UK in that IMG/Videologic broke new ground and developed some cutting edge technology but companies change hands, investors buy and sell. I think there is far more chance of another bidder appearing than the sale not going through. IMG's share price over the years could never be called dull so it would not surprise if another bid came in. I guess the most likely outcome is that it will go for 182p in the end.So yes perhaps the share price will hang around these levels until we are paid out 182p in a month or 3 (?), but you just don't know, IMG's IP seems to be pretty useful for a number of potential companies going forward. So even if nothing seems to be happening there is still excitement until it is sold and I for one like reading the views of the board, and you never know another bidder could come forth! |
Posted at 25/6/2017 21:41 by investment dave MailonlineIMG: But its decision to put itself up for sale yesterday still sent shares in the company soaring by 16.4 per cent, or 20.25p to 143.75p, as analysts predicted there would be a long queue of interested investors. It is now valued at £408million, well below its 2012 peak of nearly £2billion. Major firms in the frame possibly include American chip maker Intel, Taiwanese semiconductor company MediaTek, US telecoms firm Qualcomm and even Apple. Liberum analyst Janardan Menon said: 'This is a company that ticks a lot of exciting boxes and is working in what are becoming some very important areas. 'For many of the big companies that will be interested, it is also not that expensive.' The broker upgraded its recommendation from 'hold' to 'buy', advising investors it could be valued at as much as 233p a share well above its close last night. Menon said: 'It is an underappreciated asset, but that should not detract from the fact it has key intellectual property.' There were also suggestions of interest from China, with some analysts tipping existing shareholder Tsinghua Unigroup as a possible buyer, although this prospect could create possible issues with regulators. |
Posted at 07/7/2016 13:02 by sweenoid Well I agree with Hammerd that's its a complete waste of time and effort but I had to get it off my chestMy reply ( fwiw) to the board re Guy Millsoms answer, it goes on and on despite my wife insisting ( she owns more than I do ) on heavy editing of the more inflammatory parts ;-), so make a cup of tea before reading, if you indeed care to do so ( the editorial is probably wise, the original copy was rather caustic) :-) Thanks for the reply which I find unacceptable, humorous and in part rather sinister. I would like to make a few points AGM's are the only opportunity for investors to meet the directors. They come around once per year, investors are part owners of PLC's and boards should be beholden to investors not the other way round. I am a private shareholder but own many more shares than the entire board put together , granted that is not difficult. I expect to be dealt with seriously and not be summarily dismissed.The arrangements of an AGM should be mutually convenient for shareholders and directors, your answer suggests that the meeting is timed purely to satisfy your requirements. Nothing you said dissuade's me from the thought that the timing is all about your convenience at the expense of private shareholders. You can easily hold a board meeting after an 11am start, you just have to finish it later, no great sacrifice and you all get paid very well to attend. I understand that large shareholders are very important, however Institutional and fund holding managers rarely attend AGM's, they unlike private shareholders are already privy to private updates, presentations and meetings with you, and that is entirely correct. They don't need to attend, they will already have voted on all the resolutions and no doubt be in regular intimate conversations with you.I would be astonished if any come to the AGM, I shall ask any attendee's to count them just out of curiosity.The relationship you have with the institutional investors must be very close as they recently played a major role in the running of the company, nobody is under any illusions that they were pivotal in the resignation / sacking / call in whatever you will of Hossein Yassaie. I have attended many AGM's over the years covering many small companies, the II's never attend. I appreciate the AGM is a yearly ritual most directors abhor,the body language of many directors at AGM's is often appalling but it's your statutory duty to make yourselves available at a convenient time and place and a 9am start is not convenient, it's obstructive and the reasons you give for that start time are unacceptable. IMG has always held a board meeting after an 11am start AGM , the fact that you have a long agenda this year is frankly of no importance or relevance to us, that's your duty and responsibility, if you finish late so be it.You are rendering attendance almost impossible ( without great expense) to many shareholders for your own benefit and advantage. As for the CC audio, it has historically always included the analyst Q&A. I hope its exclusion this year was an oversight, but someone switched the record button off and I can't help thinking this has a sinister connotation . I would like you to assure your investors that future CC's will include the Q&A, we need as much information and knowledge as possible. On the theme of information, I do congratulate you on the new style presentation of the accounts, it's something we have been crying out for....for many years. In summary, I believe the 9am start is being executed as a disincentive to attendance by your private shareholders.It's location is unimportant but your reasons for not using KL are frankly laughable. The omission of the analyst Q&A was done on purpose ( someone did switch off the recording, who was that and why and under who's instructions) and has a sinister portent. Having said all that, I am pleased and supportive of the actions taken by both yourself and Andrew. I have been an investor for 20 years and as such have seen great ups and downs in this company. You have taken swift and decisive actions, some of which must have been very difficult , but at last IMG has solid businessmen running it and I applaud you for your actions. Hossein's regime had many faults but he was always seen to be supportive of private shareholders, it would be a great pity if our new management disenfranchised long term supporters. That's all I will have to say on this matter. S |
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