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IMTE I-Mate

0.12
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
I-mate Investors - IMTE

I-mate Investors - IMTE

Share Name Share Symbol Market Stock Type
I-Mate IMTE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.12 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.12
more quote information »

Top Investor Posts

Top Posts
Posted at 10/11/2008 19:29 by dreamsurfer141
Relations with Shareholders

The Company encourages dialogue with both its institutional and private investors and responds promptly to all questions verbally or in writing. The Chief Executive Officer and the Chief Financial Officer are the principal spokesmen for the Company and attend meetings with analysts and institutional shareholders throughout the year. The Annual General Meeting is used as an opportunity to communicate with private investors, as is the Company's website (www.imate.com) which includes Company announcements, information on the Group's activities and products and details of the Company's share price. All shareholders have at least 21 days' notice of the Annual General Meeting.
Posted at 29/10/2008 13:47 by andrbea
the text (below) is taken from the PSG thread

maybe something similar will happen to imte-shareholders?



JayDeee - 11 Oct'08 - 19:33 - 691 of 694


Hi All
re the delisitng from AIM, I just emailed the company and they said the following. They are going to try and make an announcement on this as well, so hold tight and don't sell.

"Briefly, members are able to continue to trade their securities in the UK up to 31 October and after normal settlement of those trades the DI and Certificated Registers will be closed and the securities cancelled.
From the Company's principal Register of Members shares will be allotted to the members together with the personal Holder Identification Number
("HIN") which is the key to being able to trade the securities on the Australian Stock Exchange ("ASX").

The UK members may of their own volition transfer their securities to the principal Register of Members ahead of the 31 October close simply by obtaining from Computershare Investor Services PLC in Bristol a 'removal form'. "

There will be no cost to the shareholder for doing this
Posted at 06/10/2008 19:18 by jotoha1
Trader , theres only one man that I will follow on this stock, and thats our man Jim, when he offloads some of his shares to new investors then that will be the time to buy!!!
Posted at 02/10/2008 18:42 by dreamsurfer141
Have been doing some reading on delisting from AIM:

From,

-------------------
Jamie Brooks, a fund manager for Gartmore, says he has actively supported companies in their efforts to delist. 'The market, when it's a bull market, is great for a buy and build strategy. But if the market dries up and the shares are so undervalued you can't use them to make acquisitions because nobody wants the shares, or it's not easy to issue shares to raise money, then I think you have to consider whether the market is right for you. From our side, we are encouraging people to look at the right strategy.'
-------------------

From the AIM rules (AIM Rule 41: Cancellation):

-------------------
Cancellation
41. An AIM company which wishes the Exchange to cancel admission of its AIM securities must notify such intended cancellation and must separately inform the Exchange of its preferred cancellation date at least twenty business days prior to such date and save where the Exchange otherwise agrees, the cancellation shall be conditional upon the consent of not less than 75% of votes cast by its shareholders given in a general meeting.

The Exchange will cancel the admission of AIM securities where these have been
suspended from trading for six months.
-------------------

Does that mean 75% of shareholders or 75% of total shares or 75% of shares traded on AIM? If 75% of shares then doesn't Jim own this amount already?

If they do propose to delist then I would have to consider the offer. For example Gartland Walley & Barker delisted in 2000 (

-------------------
The buy-back is not a bad deal for those who bought into GWB since the shares fell below 100p on 20 August 1999. However, in 1998 the shares were trading at over 160p for a short time. Any original investors will merely get their money back and have lost the opportunity to make better use of their money over the past four years.

GWB shares closed at 64p yesterday - an all time low. The 100p buy-back offer represents a 56.3% premium on this. The directors hold a large chunk of the shares.
-------------------

Although this is unlikely it would be interesting to know how much will be offered for our shares in the delisting. I certainly wouldn't sell mine to Jim at the current market price but he can have them for what I paid for them!

$2 million a year for listing on AIM seems very steep especially as most amounts I've seen for staying listed on AIM is in the region of £250,000 - £500,000 but if its the difference between staying afloat and going under in these testing times then so be it. I'd rather try selling illiquid shares in a company that is still a going concern than I would in a company thats gone bankrupt; this brings me onto my next point...

One other major concern is liquidity, ImageSound delisted from AIM in April this year:

-------------------
In addition, like other recently delisted firms, Imagesound has pledged to put in place an off-market, matched-bargain dealing facility.
-------------------

So perhaps when it comes to selling my shares, will i-mate put something similar in place or will I have to advertise them in Trade-It!
Posted at 08/7/2008 13:48 by james 2
MM rarely get roasted imo, they just get drunk & high on profits made from retail investors.
Posted at 13/11/2007 15:30 by dreamsurfer141
I beleive there are too many reasons Space.. This stock can move in either direction quickly, on small amounts of buying or selling. This latest announcement is good news, but I would imagine most investors will be waiting for some hard figures. I'm in at a horrible 77.5p! So i'm hoping the figures will be positive...
Posted at 15/6/2007 10:27 by mali7
Me as well. Although I am not day-trading this one or any shares anyway. I am long-term investor in this one. As I said once management delivers on the promises this will be well above of 150p! (But depends on management!)

Also If I remember right there is a long-term incentive for stafff if the share price reaches £10 by next 5 year or so!
Posted at 13/6/2007 08:06 by hamidahamida
LISTEN GUYS PLEASE POST ON THE CASH RICH THREAD
SO THE NEW INVESTORS GET A TRUE PICTURE
Posted at 30/12/2006 04:06 by don muang
Cautious optimism for stock markets By Gaurav Ghose, Staff Reporter

2006 - a year which the investors of the region will be glad to erase from their memories as soon as possible.

While Tadawul, Saudi Arabia's stock market, has been the worst performer in the world in 2006, according to Bloomberg Global Survey of capital markets, losing more than 50 per cent of its value, the Dubai and Abu Dhabi stock exchanges have together fallen over 40 per cent.
Posted at 29/9/2006 11:44 by spaceparallax
Thought this might provoke a few chuckles:-

Buy i-mate at 295p
Says Rob Cullum of Trendwatch.co.uk
In September last year, i-mate floated on AIM. Most people in the UK won't have heard of it. But if you live in the Middle East, Australasia or South Africa, chances are you'll recognise the name immediately.

I-mate makes combined phones and personal digital assistants (PDAs) that run Windows Mobile software. These devices are sold in volume in the regions mentioned above and have just started to appear in Europe. Its product range currently consists of 7 pocket PC devices and 4 smartphones, up from 6 devices in the previous year.

Jim Morrison founded the company in 2001. Not the iconic lead singer of The Doors, but the former head of mobile products at BT Cellnet, who helped create the product that eventually became the impressive O2 xda - a product I just happen to be familiar with, as I own one!

These devices are designed and developed in collaboration with its manufacturing partner High Tech Computer Corporation. Based in Taiwan, High Tech has grown rapidly of the past few years to become the world's biggest manufacturer of PDAs.

The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. UK-Analyst.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 49 Rivington St, London EC2A 3QB or on 0207 033 9389

Let's turn our attention to the financial side of i-mate. Just because the company only recently floated on AIM, don't be mislead into thinking that this is some kind of start-up. This is a very substantial and well-established operation. For the six months ended 30 September 2005, i-mate reported turnover up from $40m to $95.1m. Its interim profit was up from $3.7m to $12m. Because the majority of transactions are passed through its Dubai office, it expects to pay an overall rate of corporate tax of between 4% and 5%

Sales growth is phenomenal. Sales to the Middle East over the six-month period soared by 91% compared to the corresponding period last year, to $39.6m. Here, it was helped by the introduction of a second mobile operator in the kingdom, Mobily, which conspicuously featured i-mate's products in its new retail outlets. Sales to Australasia increased by 62% to $14.1m.

The company has only recently launched its products into a number of Western European countries including Italy, Spain, Portugal, UK, Netherlands and the Nordic countries. As a result, the most significant growth during the first half came from Europe, where sales quintupled to $30.9m, admittedly from a low base of $6.3m. It also commenced shipments to the US, with initial sales of $2.2m.




Here in the UK, sales are growing strongly, thanks to distribution by Dixons plus over 100 other retail sales partners in the UK, plus 47 corporate and system integrator partners, including Dell and Computacenter.

Just because everything looks set for rapid growth doesn't mean that i-mate is devoid of risk. No share is devoid of risk. I-mate should be inherently less risky than many relatively new companies, given that it is already a sizeable, well-established company. Even so, i-mate has already experienced one technological glitch, related to the latest version of Microsoft's ActiveSync, the program that synchronises data between mobiles and PCs. New security features in versions 4.0 and 4.1 of ActiveSync blocked the transfer of data from PCs to i-mate's products. A software patch from Microsoft cleared the problem but led to a slowdown in product shipments. I-mate says it does not expect this to have a material effect on its results.

Another risk factor is that it operates in a highly competitive market, with powerful and longer established players such as Nokia, Motorola, Sony Ericsson, Samsung and the rest.

Nevertheless, stockbroker Bell Lawrie White expects profits to surge from $14.4m last year to $31.4m this year and on to $48.7m in 2007. This quite exceptional rate of growth gives a PEG of about 0.2 for this year and 0.25 for 2007. These PEGs are among the lowest on the whole stockmarket, indicating that the shares appear to be sharply undervalued, given the exceptional high rate of earnings growth.

Why do the shares appear to be so undervalued? It's not because there's a catch. In our experience, undervalued shares often sit around on the market for a long time; glaring anomalies that give the lie to the 'perfect markets hypothesis'. Indeed, it's the very existence of such anomalies that makes it possible for TrendWatch to outperform the market so consistently.

In our view, i-mate is undervalued for no better reason than the fact that most investors haven't discovered it yet. Given that this is a company capitalised at over 355 million pounds and growing very fast, the ignorance shouldn't last long. BUY.

Key Data

EPIC: IMTE
Price: 290 - 310p



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Market : AIM

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