Imagination Technologies Share Discussion Threads

[orkney] 25/10/2017 16:02

Mips sale is good news. Now all we want is a special dividend!

[mmc71] 25/10/2017 15:51

MIPS sale confirmed. Yippee!

[freddie ferret] 24/10/2017 17:29

Good point.

[fishman13] 24/10/2017 16:52

Yes agreed, but why would you want to splash out every 2 years to buy another almost identical one when the last one you paid £700 for still works fine?

[freddie ferret] 24/10/2017 16:23

I phones do work unlike others.

[jacko07] 23/10/2017 17:21

hxxps://earlebusinessunion.com/shares-seesawing-on-volume-imagination-technologies-group-plc-img-l/341909/

[fishman13] 22/10/2017 14:31

No, but they don’t change their expensive phone if the new one is only marginally better. Sluggish iPhone 8 sales seem to prove the point.

[greygoo] 21/10/2017 14:26

Hmm. Do people buy iPhones based on their 3D Benchmark scores?

[borromini1] 21/10/2017 09:28

Apple start to pay the price for re-using an out of date IMG PowerVR 7XT chip from 2015 in new iPhone 8 and X.

Nokia 8 smartphone (yes, back from the dead) has graphics performance 30% HIGHER than iPhone 8 plus.

iPhone 8 and 8 plus enter the Futuremark benchmark charts at position number ... wait for it .... 19 and 20.

Oh dear. What a shame. Apple must be so disappointed that a loser feature phone maker has just trashed their new flagship smartphones on graphics performance. I wonder what superlatives they are ladling on to the people who made that decision?

[borromini1] 20/10/2017 18:00

Anybody else find the new in text ad plague totally irritating?

[borromini1] 20/10/2017 17:15

milesy - go to the messaging system of your nominee account, they should have a mechanism for you to allocate your share holding to abstain/vote yes/vote no for the court and general meeting. They may have a deadline date of say 24 Oct in order for them to meet the 27 Oct official deadline. You could also request a letter, sooner the better, to allow you to attend the AGM next Thursday to ask questions and vote on the reappointment of the board. If you flog all or some of your shares before the meetings, then your votes may be voided.

Adding to H2 - the Court also requires a convincing percentage of votes to be cast out of the total possible in order to approve the outcome otherwise they dismiss the vote as unrepresentative.

[hammerd2] 20/10/2017 16:17

You can vote for or against the bid. 75% of votes cast must be in favour. Note "votes cast", so f you hold 10m shares and don't vote then your 10m shares are simply ignored.

James the TD site is not working at the moment - I just had to manually secure message my votes for the AGM resolutions via the 'Accounts' 'Secure messages' option. But you have to register for the "voting and information mailbox" online option (also under "Accounts") by phone (their online option to do this wasn't working either yesterday !). I kid you not.......

I haven't yet worked out how to vote for the bid online but will try phoning again Monday if it's not working online by then. I keep getting an Error 500 message when I try.

milesy you'll have to speak to someone at your nominees - presumably whoever you deal with then they will send in your votes on your behalf.

[jamesrowe] 20/10/2017 15:01

Had a letter from TD today saying that if the sale went to schedule we might get the money in our accounts around 20th Nov. That is a big IF!!

[milesy] 20/10/2017 14:51

Is anyone au fait with next steps regarding the bid for anyone holding IMG shares in a nominee account? Not heard anything from broker thus far....and company website currently offline

[twatcher] 20/10/2017 14:30

Even in a sale that should boost the price, IMG seems intent on whimpering across the line.

[sweenoid] 20/10/2017 12:28

I am out of here ....for the final time

Best of luck you guys holding on for the 182p, but this punt has been profitable and its banked.

Typical IMG to the end
S

[hammerd2] 19/10/2017 08:30

If I'd had 400k shares like you had borromini I'd have probably sold a bunch too.

My spreadbets are getting closed by close of play tomorrow. My experience of IMG missing deadlines, self imposed or otherwise, is rarely a positive one and, for me, mid October has come and gone for when the MIPS sale should have concluded. My shares may well follow next week. As expected the share price has slowly drifted up so gains are getting marginal now for my 0.04% of voting shares.

Without the MIPS sale the IMG sale can't happen. It is ridiculous that documents and voting packs have been issued when no one is in a position to make a proper informed decision.

[borromini1] 18/10/2017 22:54

Back to calculations ... Profit x 15 years - Net Debt all divided by Number of Shares to give a Share Price.

Prior to the sale possibly unwinding, pick your resultant share price level ...

26.5m profit x 15yrs - 24m / 288m = 1.30 GBP

21m profit x 15yrs - 24m / 288m = 1.01 GBP

Now reduce your holding if the losses look too large and can't be brought back up by more take up at the lower price. Contrast by considering the gains if the sale completes at 1.82 GBP. Consider the potential gains from using the funds short term elsewhere.

Jacko has rebalanced his holding in one hit, I have also gradually sold over 50% of my holding in the last three weeks.

[jacko07] 18/10/2017 18:05

Nerves got the better of me. Sold 50% my holding for 174p.

[jamesrowe] 18/10/2017 12:41

The Blackrock entry is in "Number of voting rights that may be acquired if the instrument is exercised/converted." and since it was labelled as "securities lending" I wasn't sure if that meant that it related to voting rights associated with shares that they owned but had loaned out (surely they wouldn't acquire any new rights from this) or from shares that they had borrowed (but how would they acquire new rights from that??).

[bukko] 18/10/2017 10:27

JR
The voting rights status of those shares should settle your question.

I see Richard Griffiths has closed a long spread bet at £1.72 on 16th RNS.
Will the "real men" tough it out or follow suit to-day? :-).

[borromini1] 18/10/2017 10:07

JR - Pop along to Farnborough Air Show and visit BAE systems where they will happily let you experience their augmented reality headset for fighter pilots. If that doesn't change your mind about the potential of graphics IP for military purposes I don't know what will.

[jamesrowe] 18/10/2017 09:50

So Blackrock has 5.5 million IMG shares in the category of "securities lending". Does that mean that they have leant them to shorters to sell or that they have borrowed them? I assume the former??

[jamesrowe] 18/10/2017 09:30

B1 it looks like the splitting and sale of MIPS from the rest of the business might actually help in the UK as well as US! I think that the UK Government would have to be clutching at straws to block the sale to CB on the basis of graphics chip design.