Imaginatik Share Discussion Threads

[p1nkfish] 20/5/2018 21:51

End of May was suggested for sale news. 7 working days allowing for the Bank Holiday.

[strange1] 11/5/2018 12:12

"It may become necessary to seek additional funding in order to successfully progress the ongoing formal sale process.".........well what a great investment opportunity......."we will take your cash and use it to fund a business that doesn't generate cash, while we try to get somebody to buy our non cash generating company. we've been unsuccessful in selling it to date but............"

[p1nkfish] 05/5/2018 08:59

At least the Book to Bill improved and more of the revenue is multi year. That's the problem when revenue mix changes, Immediate revenue dips in exchange for some more predictable base revenue going forward. Needs very careful handling when cash is already low and being burnt at too high a rate for the business to carry and sharebprixe and market cap too low to easily come to market for more.

I hope any cash raise is sized appropriately (very small) and no shenanigans allowing insiders a better exit then would otherwise be the case. That would be wrong and go down badly on reputation of those involved.

[p1nkfish] 05/5/2018 08:40

Given they thought a sale would be done and dusted by end of May they are running on fumes if they need to raise cash before then. Will it just be a few weeks standard operational costs or a one off related to sales process or a little of both?

"The directors continue to carefully monitor the Company's cash position and it may become necessary to seek additional funding in order to successfully progress the ongoing formal sale process."

[p1nkfish] 20/4/2018 01:09

IMAGINATIK PLC (IMTK) RATING SETD BY FINNCAP

April 19, 2018 Ivanka Thompson

"Imaginatik Plc (LON:IMTK)‘s stock had its “corporate” rating reissued by investment analysts at FinnCap in a report issued on Tuesday. They currently have a GBX 4 ($0.05) price target on the stock."

Meanwhile UST are pushing their Innovation Garage and Infinity service & Carlyle (UST investment, PA owner) have released innovation video a few days ago.

Welborn due to release Topple with UST CEO - I find it hard to see them allowing IMTK to go into competitors hands.

6 weeks and should be some movement.

[p1nkfish] 26/3/2018 20:21

Carlyle bought PA Consulting. They invested heavily in UST last year. In the middle is IMTK as a common element.

[adammark] 26/3/2018 17:25

Doblin was bought for not a lot - several innovation and strategy consulting companies were dying... and got bought for salaries pretty much. I used to know the CEO of most of the big ones - the company was sold and he got nothing, after 10+ years... Innovation Factory was likely bought for peanuts too.

All the consulting firms have launched at least one competing product in the innovation management software space. None did very well (consulting is a very different business to software).

Imaginatik never pivoted to consulting, despite the claims. The revenue from consulting is stuck around 20% - but consultants are very expensive to retain, and do not scale well even when the business is working (unlike software).

It will be interesting to see if they are able to sell this within the industry... or whether it is worth more for the tax losses....

[p1nkfish] 25/3/2018 00:29

No idea how to value this. Statement below was from March 31st 2017 results, released round August 2017. If get chance will try to find how much these transactions went through at. Anyone know?

"In response to the growing value of this market, large, broad-based consulting firms are starting to enter the space in a meaningful way and we see this as further validation of the opportunity available. Examples of this activity includes Deloitte’s purchase of Doblin, an innovation consultancy, adding it to their services portfolio; KPMG Netherlands acquired Innovation Factory to strengthen its innovation technology capabilities, E&Y Belgium acquired Cognistreamer in January 2017; and IBM is expanding its innovation focus with a series of technology-specific innovation services. While there are new participants emerging in the market, Imaginatik’s established offering, which has been developed and refined over years of industry practice and experience, is recognised as the leading solution. In a report by Forrester (The Forrester WaveTM: Innovation Management Solutions, Q2 2016) Imaginatik was named as having “the most comprehensive innovation management solution." The report also ranked Imaginatik above all other market competitors in terms of its current suite of offerings as well
as its strategy.

[brummy_git] 26/2/2018 08:52

Yes and not just the Big 4 either - Grant Thornton, BDO and Mazaars may all be interested too.

[p1nkfish] 26/2/2018 07:51

General interest only but might be an idea for the big four to look to diversify their offerings as much as they can as quickly as they can.

A good chance they will become as vilified as the banks were if we hit a downturn where lack of due diligence becomes apparent.

[brummy_git] 17/2/2018 18:10

IMO, the company is trying very hard to commercialise its leading software organically - indeed with some success.

However in reality, scaling the business would be much faster and easier if IMTK was part of a far larger international group. Thus enabling it to leverage the technology across a far wider geographical footprint and customer base.

I guess this is exactly why the board have decided to put the business up the sale. Access to additional capital would also help R&D, promotional spend and future investment.

[p1nkfish] 17/2/2018 17:53

Yes, just probing to see what may have changed and why others raised $5.2M where IMTK struggled. Round about the same time.

[brummy_git] 17/2/2018 16:35

The other thing to consider p1nkfish, is that putting in a whizbang "user-friendly" front-end is all good and well (as Spigit have done) - however the really clever bit is having specialist algorithms working in the background that maximise user collaboration and enhance the whole innovation/discovery process.

It is here where Imaginatik's software appears to be best in class, and the main reason why Forrester rated (and still does) the company as number one back in 2016.

[p1nkfish] 17/2/2018 16:03

I hope I'm wrong but the way I read it they have internal platforms with security. Used by at least one bank. I think IMTK have pulled back the online marketing.

[brummy_git] 17/2/2018 12:30

Hi p1nkfish - One important aspect to mention is that Corporates use Imaginatik software to develop proprietary and innovative IPR/insights - ie in order to give themselves a competitive edge.

Crowdsourcing this from "Joe Public", as Qmarkets appear to do, doesn't typically provide the required level of confidentiality, security and crucially ownership of the R&D and any subsequent patents.

[p1nkfish] 17/2/2018 11:52

Google search on Imaginatik and top ad is for Qmarkets.

Read a number of reviews from good companies and Qmarkets is rated highly and responsive to requests for features. A worthy competitor. The sooner IMTK is sold the better for shareholders as I doubt they will prosper vs such a player.

[p1nkfish] 17/2/2018 09:11

Somehow I think theee people would take IMTK to the cleanrrs if they go head to head.



Sooner they find a buyer the better.

[p1nkfish] 17/2/2018 09:07

Thoughts on these? Moving very quickly and raised $5.2M summer 2017. Look problemstic.

They burn-out quickly or cause big problems to incumbents, my experience of Israeli tech.



Decent client list.

[p1nkfish] 15/2/2018 08:28

It's easy to over think things but given trading volume has collapsed I think that could support the idea HH helped the price down to enable Vin M to get on board.

Is there so little free float?

[gimmetheloot] 12/2/2018 18:32

Hill family taking more ;-))

[solarno lopez] 12/2/2018 09:10

more like an RTO

[brummy_git] 12/2/2018 09:01

Personally I'd be surprised if there's no agreed sale. Chairman Matt Cooper seems to be a shrewd/pragmatic guy, who also has plenty of other interests outside of IMTK (eg Octopus, Tandem Bank, etc).

To me, the business is worth far, far more to someone else (eg a strategic buyer), rather than existing management trying to do this all on their own, and with a shoe-string budget.

[p1nkfish] 12/2/2018 08:36

Brummy, worse case should be RSM and I don't see them aborting this so working on that basis.

Perhaps kicking the price higher via this process might allow then to fund raise again if they do abort but looking at the take up last time I doubt that's a credible option.

It a sale or nowt, RSM as the base line. Would like to know what RSM arrive at.

[p1nkfish] 12/2/2018 07:59

Vin Murria purchase - other market declarations of her name going back to 2014 are related to activities in companies she is known to be associated with already.

This does appear a first notifiable market purchase in a company she is not already known to be involved with in the public domain.