Imagination Technologies Share Discussion Threads

[dins1249] 23/5/2017 09:39

Surely this is the end game for IMG as an independent company. A bid at £1.50 will be knockout and the Chinese will be getting the company for less than £500m and who knows they will have the muscle to force Apple paying the royalties.

[mister md] 23/5/2017 09:28

from wiki:

Tsinghua Unigroup
Tsinghua Unigroup is 51% owned by Tsinghua Holdings and 49% owned by Beijing Jiankun Investment Group; this latter group is controlled by Zhao Weiguo who is also chairman and CEO of Tsinghua Unigroup. In late 2013 it made two acquisitions (Spreadtrum and RDA Microelectronics) each of which involved a payment larger than its market cap, suggesting that it is acting on behalf of a fund elsewhere. This is believed to be part of a Chinese-government attempt to consolidate the fabless semiconductor sector.[11][12] In April 2016, Tsinghua Unigroup announced it accumulated a roughly 6 percent stake in Portland, Ore.-based Lattice Semiconductor through share purchases on the open market.[13] In Nov. 30, 2016 Tsinghua Unigroup Ltd. announced an agreement to form a joint-venture with ChipMOS Taiwan.

[0penallhours] 23/5/2017 09:20

Has anyone considered what the share price may do if the outcome of any negotiations or legal case is that Apple are required to continue paying royalties after all?

[adventurous] 23/5/2017 08:40

Thanks (they should have provided the 8.3 in the TR1)

[primitive] 23/5/2017 08:36

Tsinghua had approx. 8.3M shares in May 2016, so looks like another 0.5m added

[adventurous] 23/5/2017 08:22

Number of shares held prior to trigger over 3% and after remain the same according to the RNS, what????

[orkney] 22/5/2017 23:14

No suprise, it's Tsinghua who have been topping up.

[nicandy] 22/5/2017 18:56

Chinese chip company buys shares?

[pottsey] 19/5/2017 15:55

"You could use all or part of your shares as a tax deductible loss."
Not really considering how massively in profit I am.

[orkney] 19/5/2017 15:41

A shorter obviously frustrated, re Katie Priceless!

[katie priceless] 19/5/2017 14:58

You could use all or part of your shares as a tax deductible loss.

[jukirk] 16/5/2017 14:34

I know you can never be sure one way or another! After all I was advised strongly to buy them because my stockbroker said: "Apple will almost certainly extend their deal with IMG!!!
Great advise! I see the shares have rallied very slightly after the recent news....
I can pretty much guarantee, given my previous in shares, that if I sell, they will shoot up, and if I don't they will go further down!!
Thanks anyway for your help!

[rob_evans] 16/5/2017 13:04

jukirk - I'm not sure asking strangers on a BB is much of an improvement over your stockbroker, but here goes:

IMG are in a very difficult position with their main source of income (from Apple) due to start sharply tailing off within 15 months to a couple of years.

They have substantial debt, and so are offloading divisions such as MIPS and Ensigma. Quite how much they will raise is anyone's guess, though previous sales of divisions such as Pure have brought in much less than anticipated.

So the future looks like IMG relying on their PowerVR GPU IP division. The problem here is that ARM have the dominant share in the low and mid performance market, so IMG are going to have to try and find a way to win back customers. They do have a new design, Furian, which looks good on paper, but ARM have a considerable advantage in that potential customers almost all use ARM's CPU IP, so are well placed to bundle in the GPU IP too.

So, in summary, the future for IMG whilst not bleak, does look challenging. Whether it is worth holding is very hard to say - it depends on your risk tolerance and patience really.

[pottsey] 16/5/2017 12:54

These shares have a long history of collapsing, building up, collapsing again and repeat. Personally I think given time they will build up again. I don’t see getting back to £7 in the foreseeable future but they should recover back to £2 to £3.

After the shares recover to £2 to £3 long term all it takes is one good major deal win and they should hit £4 again. I am not saying they will get a major deal but history has shown if they get a major win like Samsung or one of the consoles next round the shares explode up again. But it’s far too early to be talking about next console round.

So personally I ride out the storm as I have been through this many times with these shares and it’s been much worse than this in the past. But what ever you do, do so at your own risk. Dont relay just on my views.

[jukirk] 16/5/2017 10:24

Hi,
I will level with you chaps, I am struggling with all this technology talk as have no idea about. I bought £10,000 worth of shares in IMG a week before the crash (great work from my stock broker). For idiots like me,do I cut my losses....or ride out the storm????
Pleas advise....

[barmy22] 15/5/2017 23:29

Good find, no Press Release suggests little impact on financials ?

As a bit of fun, check out invecas....

[twatcher] 15/5/2017 22:11

Apologies if this actual IMG info has been posted, but the latest swamping of the board by non-investors with "he said,...he said" means I might have missed it. IMG have managed to offload imgworks.

[rob_evans] 15/5/2017 19:52

Sheep_Herder > "You do realise that Ashraf's article was his "opinion" though"

You really DON'T know the difference between opinion and fact do you?

The Ashraf article was FACT you numbskull - Apple really had hired GPU architects from Nvidia and Vivante.

Your posts on here - devoid as they are of any evidence - are OPINIONS, not facts.

It's a very good job you are stopping now, since you are just making yourself look completely stupid.

[sheep_herder] 15/5/2017 19:35

Rob, you're too funny but for the benefit of others I'll stop here. If you do find wherever it was that you mislaid those substantiated facts, then do feel free to post them.

You do realise that Ashraf's article was his "opinion" though. Ha. Classic.

[cotswoldsparky] 15/5/2017 18:50

Well, if you guys still work for a living, your employer hasn't had value for money today...

What's the point in arguing so much over what was said 4 years ago? Step back and you might see some trees - step back a bit further and you might see a wood. I'm sure you all sold at the time and made perfect decisions ;-)

Can we go all PC and say there are no winners or losers in this debate - just a bore-draw - and move on?

CS

[pottsey] 15/5/2017 18:19

“Was just referring to the usual nonsense that gets posted here and taken as fact by many. Your posts regarding the fact that IMG will be able to make up the short fall in Apple revenue by winning the low/mid end is a good example of one. Those sort of rumours.”
I didn’t say it was a fact IMG would be able to make up the short fall. I gave my opinion based on the general impression I was getting from the market and based on design wins I know about for PowerVR over Mali in the low to mid-range.

Sheep_Herder you still haven’t answer my question. How do you expect Apple to get around the patent GPU problems that Samsung & Intel had and couldn’t solve? Well Intel solved it by paying up over 1 billion and Samsung dropped the project as they couldn’t find a way around the patent problem.


“My facts come from within the industry, from people talking at various off site meetings or any number of other events. People like to talk and share secrets - it's human nature. Your "facts" come from an internet posting showing a LinkedIn job listing.”
Now that I understand as that’s how I got a lot of information over the years. But when I did that you called it “Those sort of rumours.”

[rob_evans] 15/5/2017 18:08

Sheep_Herder > "So as you see, there really is no difference between your "facts" and my "opinioin" other than the fact that you didn't bother to look at LinkedIn in 2013."

Neither did you.

You didn't know Apple had hired GPU architects from Nvidia and Vivante until you finally read the link I posted yesterday.

All you ever posted here was opinion, with no supporting facts provided.

And I sold at £5.24, so it probably was 2013 when I did so.