Imagination Technologies Share Discussion Threads

[jamesrowe] 11/10/2017 17:26

What we need now is a good rumour to scare the shorters into all buying back at once....

[hammerd2] 11/10/2017 17:22

Gesundheit

[hammerd2] 11/10/2017 16:41

For anyone keeping track, Marshall Waste popped back under the 0.5% threshold again yesterday and Algert reduced their short by the same number of shares that Majedie bought yesterday !

[hammerd2] 11/10/2017 14:35

Still 10p in this until MIPS goes then it's time for the fat lady to clear her throat.

[hammerd2] 11/10/2017 14:01

It's only momentum if they're actually selling anything. Remember, despite Apple knowing all about the neural net IP and Furian they still decided to "pursue their own route" (I still think the A11 GPU is basically a Series 7 BTW) and that the IMG IP wasn't for them for the future. Is anyone any more interested than they were in Caustic IP ?

It's comfortable to say 1.82 undervalues IMG but it's what anyone would have been happy with in April and before the bid was announced. There's now a bird in the hand and it's pretty much what I expected a bid to come in at

[jamesrowe] 11/10/2017 13:21

Hey at this rate we might make it to 175p by the time that the business is sold....

[jamesrowe] 11/10/2017 12:03

IMG is finally getting very bullish with its publicity material. What a pity that it has taken them so long. The company appearrs to be starting to get some momentum again.... just when it is about to be sold at what appears increasingly to be a very good price (for the purchaser rather than the shareholders). :-(

[hammerd2] 11/10/2017 11:55

I think you're misunderstanding me exlogical. I don't want any advice from you or anyone else I was simply asking a chartist to run their numbers as an academic exercise to see if they could plot the price movements as this is a great pétri dish experiment. We know what is or should be about to happen, but is there chart analysis that could predict it ? Or indeed the various gyrations over the next 4 weeks. Chart 'experts' seem very good at predicting the past and posting their analysis when it's already happened, but often less keen to do it in advance. If nothing else they could use this to fine tune their own methods. It could be interesting.

As to your concerns about my position please don't worry yourself further. I've bet large that the deal will go through and increased my bet recently. If it doesn't I'll take the hit and won't be blaming anyone else.

[blueteam] 11/10/2017 11:24

10 p a share plus chance of special div on the cards, must still be a buy. I expect as others a gradual rise from now. Shorters still waiting but they may run out of time.

[mediabul] 11/10/2017 11:22

Mind games with Apple ?


hxxps://www.imgtec.com/blog/powervr-and-neural-network-acceleration-way-ahead-of-the-game/

[exlogicalad] 11/10/2017 10:56

hammer..You seem to be in a state of anxiety neurosis on the buyout being unsuccessful. You know what they say about 'when in doubt, get out!' could be your answer to the dilemma. You could maybe sell 50% of your IMG holding and gamble with the rest.

As with your requesting a chartist's advice, you don't need a analyst, anyone can see that IMG shares are being offered at 172p against the buyout price of 182p. A chartist knows the same as you.

I would reckon from past experience that market makers are making a nice turn from the bid/ask on some of the nervous shorts closing. However, there are not that many shares for sale at 172p, so it is clear that the next move will be up to tempt few more sellers to come out.

The 10p difference of today's bid/ask and the buyout bid is IMG is down to some large shorters praying the deal is blocked by HMG. That is nice position for the market makers to get a nice little profit.

A statement from HMG that this deal will definitely go through would guarantee market makers marking the price upward.

[hammerd2] 10/10/2017 18:22

I'm guessing the remaining shorts are expecting the bid to fail rather than be usurped by a rival.

If the bid fails IMG get £13.7m which should by rights go to us in the form of a 4.5p dividend. We'd then be left with a debt free much smaller and nimble company with, hopefully, license and royalty free forever MIPS agreements.

One has to assume that the major shareholders were consulted about this deal prior to the board agreeing it.

What could possibly go wrong ? 😱

[hammerd2] 10/10/2017 16:34

Looks like the large holders may be supplying the shares to help close the short positions. Certainly the trades matched last week with one of the BG sales. V odd.

If there were doubts surrounding acceptance of the bid you'd think rumours would have started doing the rounds but there's nothing so far and no one is stakebuilding. Maybe just the market viewing this as IMG being more than normally 'IMG' and expecting them to balls it up in some gloriously imaginative fashion.

I'm up to a serious number of shares now so I bloody well hope they don't.

GSA just reduced another 0.09% to 0.88% and Marshall Waste back up to 0.5%. Coincidentally the GSA reduction pretty much matches the Société; General short position reduction in the amended RNS from 9 October above. They're closing their own short positions with their own holdings !

[jamesrowe] 10/10/2017 15:12

Exactly... but why is it held back?? You would have thought that the hedge short positions would cause the price to rise significantly as they are forced to close out.

[adventurous] 10/10/2017 14:54

Whilst the share price is held back, the hedge short positions are reducing.

[hammerd2] 10/10/2017 11:45

Exactly - isn't this precisely when a chart analyst should be able to come forward and highlight the situation and give an indication that something is up or if it's all chugging along as expected ?

I think once the MIPS sale is done then we'll get to around £1.78 in pretty short order. Unless there's trouble getting to 75%. The's no shortage of sale paperwork at peaking on the website, but that would be there regardless.

[jamesrowe] 10/10/2017 11:32

Looking at the chart you would think that there were runours that the sale is in trouble. Seems odd to me why there is continual selling.

[hammerd2] 10/10/2017 10:46

Are there really no chartists out there keen to show their analysis would foretell a 10-12p share price rise in the next 4 weeks ?

[hammerd2] 09/10/2017 15:07

Chartists ? Anyone ? Come on, let's see how the analysis stacks up against what should happen. I'm not asking so I can take the p!55, I'm genuinely interested to see what the reading of the runes would say so as to have a real life comparison of what "will" happen shortly.

As an aside, once/if MIPS gets sold IMG will have £0 debt and a fair old bit of "right time, right place" IP. That's not a bad starting place for any fledgling business.

It's very much the British disease, but if IMG had had any commercial sales guys worth the name - the American sort (full of bull and bravado) - it's hard to see how they wouldn't have made a better fist of things

[exlogicalad] 09/10/2017 13:06

It is a done deal, is there a remote chance the Govt could block it, I doubt it!
the reason being as someone already posted, the UK Govt don't need to upset the chinese.

There was last week talk of ARM having interest but not wanting to get into a bidding war but were prepared to be a white knight if the CB deal got blocked. Looking at the volumes, it is strange that market makers are not making better offers where the profit is almost guaranteed.

Looking at trades, there seem to be a lot of closed market transactions, when they run dry the share price will go nearer to the bid price, it is still early days and you can be sure the share price will creep up this week.

[stickyvicky] 09/10/2017 11:29

Well unless they are waiting for MIPS to go ....

[theyak] 09/10/2017 11:18

stunger, it's recommended by the board so the institutions normally back it. I think as each day passes any other bid becomes less and less likely, they've had more than long enough to think over their options.
THEYAK

[stunger] 09/10/2017 10:40

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?