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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
  -1.00p -0.68% 146.00p 145.75p 146.00p 150.00p 144.50p 147.75p 1,264,809 15:36:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 145.2 2.4 -10.1 - 414.99

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Trade Time Trade Price Trade Size Trade Value Trade Type
14:36:25146.00440642.40AT
14:36:25145.752,1603,148.20AT
14:36:25145.75236343.97AT
14:36:25145.75192279.84AT
14:36:25145.759321,358.39AT
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Imagination Technologies (IMG) Top Chat Posts

DateSubject
26/7/2017
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 147p.
Imagination Technologies Group has a 4 week average price of 132p and a 12 week average price of 95p.
The 1 year high share price is 297.50p while the 1 year low share price is currently 76p.
There are currently 284,240,992 shares in issue and the average daily traded volume is 2,074,542 shares. The market capitalisation of Imagination Technologies Group is £414,991,848.32.
07/7/2017
11:10
jamesrowe: Just spotted this on iii posted by "Sarahs husband": www.bloomberg.com/news/articles/2017-07-07/apple-fires-back-at-supplier-imagination-in-contract-dispute Probably explains the drop although I don't see anything that should really affect the share price other than Apple's confidence that it won't infringe IMG IP and teh suggestion that it won't bid for IMG.
04/7/2017
09:48
jamesrowe: A couple of quotes from the IMG results statement: "To be clear Apple made an unsubstantiated claim, which obliged us to inform the markets, leading to a significant decrease in our share price. The claim has led us to invoke a contractual dispute resolution procedure and has created significant uncertainty with respect to our business, including our employees. We do not believe this to be acceptable business practice nor in line with Apple's own ethics statements regarding suppliers." - In the past the business didn't even mention Apple by name. That is about as strong a statemnent as you could imagine IMG making in a formal report. They are clearly fairly unhappy with their major customer. "Nevertheless, based on the Group's assessment of the Plan, the Directors' believe that the Group will continue to have acceptable financial resources to meet obligations as they fall due and comply with its financial covenants and accordingly have formed a judgement that is appropriate to prepare the financial statements on a going concern basis. Therefore, these financial statements do not include any adjustments that would result if the going concern basis of preparation is inappropriate." - So the directors don't believe that they will breach any banking covenants.
03/7/2017
18:11
rob_evans: Orkney > "The other scenario is that img reject all offers!?" And the share price does what? I agree with Sheep Herder, there may well be some tyre kicking, but a sober look at the assets and financials will probably kill any interest. I'm expecting the results to be awful - there must have been some reason for IMG to change their minds about going it alone with PowerVR, and I suspect we'll see that reason tomorrow.
22/6/2017
12:41
0penallhours: Mallorca @ 11:43 "Apple will be holding onto their stake just to ensure that they can block any sale that endangers them" Mallorca @ 12:02 "At what point will Apple dump their shares ?" Seriously? IMG have multiple parties "showing an interest", which means they want to buy the group as a whole. They could see the share price when they expressed an interest and know that any announcement would pump the share price somewhat. This means that they will be well prepared to pay over todays share price. I'd be surprised if any offer is under £1.60 when they become public. ATB
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?
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.
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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