Share Name Share Symbol Market Type Share ISIN Share Description
Imagination Technologies Group LSE:IMG London Ordinary Share GB0009303123 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +12.00p +11.85% 113.25p 112.50p 113.00p 113.25p 104.50p 104.50p 4,773,883 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 120.0 -63.2 -29.8 - 321.56

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15:49:35109.50344376.68O
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Imagination Technologies (IMG) Top Chat Posts

DateSubject
23/5/2017
09:20
Imagination Technologies Daily Update: Imagination Technologies Group is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker IMG. The last closing price for Imagination Technologies was 101.25p.
Imagination Technologies Group has a 4 week average price of 95p and a 12 week average price of 76p.
The 1 year high share price is 297.50p while the 1 year low share price is currently 76p.
There are currently 283,941,363 shares in issue and the average daily traded volume is 1,438,518 shares. The market capitalisation of Imagination Technologies Group is £321,563,593.60.
14/5/2017
15:41
timbob2000: Just wanted to remind all remaining IMG holders here of an opportunity that should not be overlooked, an opportunity that could become important to IMG's survival. Late last year Microsoft announced that they will be releasing a future update to Windows which brings x86 emulation of all Win32 software on ARM processors. This means later this year you will be able to purchase a laptop that comes equipped with a Qualcomm Octacore chip that will run all Win32 software, and run it 'almost' as fast as an Intel powered device. I think this coud open up a very lucrative market for IMG and their partners Mediatek, Spreadtrum, Hisilicon etc. Soon many laptops will come with 4G/5G as standard, with batteries lasting almost double what an Intel chip can muster, with dedicated Video encoder/decoder and camera ISP hardware blocks. And potentially a PowerVR 8XT GPU at it's heart. Basically this development opens up much of the Windows market to all ARM hardware and software providers. To begin with only Qualcomm will be providing the SoC, however I'm sure if this initiative is successful Microsoft will open the platform up to more SoC vendors. Also just to confirm I did say Win32 only, so only 32 Bit software will work, this protects the 64 Bit Windows server market for Intel, but for how long will Microsoft continue to do so? I'm no longer a holder here, however developments like this definitely are making me think about buying back in, particularly at the current share price. For more information check: hxxp://www.tomshardware.com/news/windows-arm-x86-native-performance,34402.html
13/5/2017
22:09
rob_evans: An excellent article in today's Times, about the warning signs to look out for with shares. IMG have been in more than one category! From hTtps://www.thetimes.co.uk/article/spot-the-signs-that-its-time-to-ditch-your-stocks-dw5gdtk62 The signs that it is time to say goodbye to a share Some holdings could be damaging your portfolio. We explain how to recognise the offenders Financial organisations often spend a lot more time telling investors what they should be buying rather than what they should be selling. However, steering clear of stocks that could end up damaging your portfolio’s performance is arguably as important as buying ones that could enhance it. The danger signs are often not obvious, so you may need to enlist the help of an experienced investor. We list ten red flags that experts tell us to watch out for. A dominant chief executive or shareholder Russ Mould of AJ Bell, the wealth manager, says: “There are many cases where a dominant chief executive has led a company astray. Fred Goodwin [the former boss of the Royal Bank of Scotland, or RBS] is one notable example from recent history.” The key, Mr Mould says, is to make sure the interests of management, staff and shareholders are properly aligned. Frequent or transformational acquisitions RBS, again, is a good example of a company ultimately laid low by its aggressively acquisitive strategy, says Mr Mould. Its overpayment for ABN Amro, the Dutch bank, proved to be the final nail in RBS’s coffin. Another acquisition stock that came to grief was Marconi (formerly GEC), the electronics company. Once among the largest companies in the FTSE 100 index, it destroyed a large amount of shareholder value through a series of acquisitions that turned out to be disastrous. Watch out for new entrants Guy Foster of Brewin Dolphin, the wealth manager, says: “An industry can go from being very profitable to loss-making very quickly. Tesco and other big UK supermarkets had what seemed like a comfortable and profitable set-up, until the arrival of discounters such as Aldi and Lidl. This eroded their juicy margins and meant that their expansion plans were no longer sustainable.” An excessive focus on growth, especially earnings per share Growth is generally regarded as a good thing, but it’s a case of growth of what. If it is growth in earnings per share, caution needs to be exercised, says Mr Mould. This is because the numbers can be easily manipulated by taking short-term measures, such as slashing research or marketing budgets. He says: “There are three areas in which growth is a real sign of long-term success: free cash flow, shareholders’ funds, and the dividend. Everything else is noise.” Management bonuses that are triggered too easily Bonuses and long-term incentive programmes triggered by short-term earnings should sound alarm bells. The figures can easily be manipulated and achieved by acquisitions, which grow earnings in the short term, but can destroy value and leave a company overburdened with debt in the long term. Bovis Homes, which is to pay homeowners £7 million compensation for poorly built homes, is a good example of where performance incentives led to a poor outcome for shareholders and customers Dividend cover below two Earnings per share should be twice the dividend per share, so that companies can pay their dividend with a nice safety margin should something go wrong. One company that had an attractive yield, but a dividend that was covered less than two times by earnings was Pearson, the publishing conglomerate. After a string of profit warnings the company was obliged to announce that it would cut its dividend for 2017. Weak cash flow Connaught, the property services stock, was very profitable until it collapsed in 2010. However, there was one tell-tale sign that all was not well. Revenues and profits were growing, but cash flow was not. Mr Foster says: “A warning sign for companies is a divergence of earnings and cash flow.” Interest cover below two When operating profits cover interest payments by two times or more it means a company has some breathing room and can afford an unexpected slip in profits and still be able to meet its interest payments. When cover falls below the two times figure it can leave a company struggling to pay its bills. This is what happened to Imagination Technologies. In 2015 it made operating profits of £5.6 million plus interest income of £100,000, but this covered its interest payments of £3.6 million by a modest 1.6 times. It fell into loss in 2016 and lost half its revenues after Apple’s decision to develop its own graphic chip processors, leaving it battling to repay a substantial £18 million debt that is due in June 2018. The cost of capital exceeds the return on capital Shareholder value is created when a company’s return on invested capital (ROIC) is greater than its weighted cost of capital. When the reverse is true the company is in trouble. This measure of how a company is performing is ultimately more important than rises in its share price, earnings per share or even dividend. Mr Mould says: “The companies that pack Terry Smith’s Fundsmith portfolios are all stocks with high ROIC and are therefore consistently profitable and able to pay decent dividends.” A mixture of high operational and financial gearing Operational gearing means profits can move dramatically for a modest change in revenues. Mr Foster says: “This tends to occur in industries with high fixed costs, such as airlines, mines or oil exploration, where profits can rise sharply once you get above the break-even point — or fall sharply if the opposite occurs.” Financial gearing means having lots of debt, which will mean high interest payments. So you can have a perfect financial storm if profits collapse at a highly operationally geared company, which then finds itself struggling to pay its interest bill. A classic example of this is the way Glencore’s share price collapsed in 2014-15 and then recovered in 2016-17. -End-
13/5/2017
09:13
bloomer2: Anyone else think it odd that within one year of holding take over talks with IMG, Apple will shortly no longer be dependent on IMG. What they would have done with the 1700 staff I have no idea, but clearly, they felt that there was some benefit of an IMG takeover!! I assume IMG management thought it was an opportunistic bid with the share price at about the £1 level and that there was better value in turning round the business. I wonder how many other opportunities they had to sell the business to Apple under HY rein when the share price was very much higher, but HY would not consider this. There is also the question as to how Apple have built up their GPU expertise. Again, I assume that this has been by working with IMG staff in their offices. No wonder IMG are feeling so aggrieved!
10/4/2017
16:12
ebomber: Maybe Apple have adopted this tactic (APPLE is of the view...........) approach as a simple negotiating position to get licence cost down. It has worked on the IMG share price?
06/4/2017
13:27
mister md: If IMG were taken over by another party, e.g Samsung or Softbank there would be the odd situation where Apple would temporarily be paying royalties to one of its main competitors ? Whilst there are legal implications of Apple launching a takeover approach after that announcement (and 64% crash in share price), could it work the other way round, ie IMG admits defeat and seeks to be taken over by Apple (or offer itself up for sale to any other party too in order to get best price). Management have to do something to restore some shareholder value surely ?
04/4/2017
16:05
andrewbaker: Further to my earlier post today, and after further consideration, the best hope may well be a sale of the company, either by takeover or the IP. I agree, IMG staff have been happy to move to Apple of late, and the new replacement Apple are talking about maybe can avoid using any of the patents or IP of IMG, so if not Apple, someone else may want to buy on the basis that there is existing technical prowess there to be used that can be got hold of for less than the cost of developing it themselves. Bottom line, IMG is almost certainly worth more than today's share price, so buying now has a far greater possibility of a decent gain than a loss.
04/4/2017
11:16
andrewbaker: My humble view: IMG wasted lots on PURE, and eventually sold for a pittance lat year. It has so many eggs in the one Apple basket. Apple didn't buy IMG, when it should have, so I'm left thinking IMG tried to play hard ball and lost, and Apple will have big problems and costs in ditching everything IMG and replacing it with new technology that doesn't use ANY IMG IP/patents. So ... My thought is that this is a softening up exercise so that Apple can get IMG graphics etc. tech at what they believe is a decent cost: not an inflated amount that may (or may not, of course) have been mooted by IMG, whose imagination may have been too far from reality when discussing with Apple last year about a bid. I'm holding what I have - which is substantial - on the above basis, plus my belief that even broken up, IMG is worth more than today's share price. Buying more: not right now, as it will unbalance my portfolio, make it too 'risky' (according to my view of investment risk); and there's always a chance to pick up more later when some direction eventually shows up on this one. If I miss out either way due to holding off, so be it. If you're not in now, or have a small holding, maybe a bite at the apple will pay off. There must be greater chance of gain than loss as it stands right now. All IMHO. DYOR.
16/3/2017
09:07
borromini1: 285p share price x 278.6 million issued shares / 15 years = 52.934 million GBP profit. What will the March interim report say for FY 2017 and project for FY 2018? Last December statement stated H1 2017 equity losses 10.6 million, equity assets 131 million and ongoing operations profit 2.855 million GBP. How about FY 2017 ongoing profit 10 million GBP and FY 2018 25 million GBP, would that be enough progress to support the share price?
09/2/2016
15:22
arrash: FWIW my views in a few lines: I keep reading in a number of posts since yesterday “The King is dead long live the King” as if it is a new beginning. One should remember that the assigned CEO was on the board for over three years and in part is responsible for the current state of affair of IMG. I listened to yesterday’s presentation & I am not at all positive like some of the poster here. The S-M PI who now back the Intuitional Investor agenda (if one believe the ST story) which have asked for this drastic change would regret it at the end, when IMG is sold in its bits & pieces such as Pure, MIPS to city chums, Private Equity Fund and their backers etc. I only see that II & ARM would benefit from the breakup of IMG. Furthermore it is almost impossible to find £15M of saving, except by magic (if you believe in that) anyway most this was identified since the December results anyway. It strange that these guys suddenly managed to find that kind of saving on the back of a sofa in IMG HQ! over the last weekend. Yesterday the CEO and Chairman both mentioned the slowdown in China & Semi etc. I do not see any change in IMG share price until the pickup in royalty volume which is already signaled for late 2016 & early 2017. Wishing SHY all the very best for future & the IMG shareholders the very best of Luck.
02/9/2015
13:47
jamesrowe: I notice that on Short Interest Tracker acompany called Marshall Wace LLP increased its short position in IMG by 0.46% on 27th Aug. That was a BIG sale of shares (approx. 12 million!)that it didn't own.... It must really believe that IMG share price is going to head south.
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