Imimobile Investors - IMO

Imimobile Investors - IMO

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Stock Name Stock Symbol Market Stock Type
Imimobile Plc IMO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 594.00 00:00:00
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rivaldo: Completely agreed. Almost no impact to date from COVID-19 - which will likely increase the demand for IMO's services - and additional funding from keen institutional investors to enable further growth. Plus a rosy outlook from the CEO: "Jay Patel, Group Chief Executive of IMImobile, commented: "We are pleased to report that the positive trading momentum from the first half continued through the remainder of the year, and that we have delivered another year of good growth. Our enhanced foundations in the US and consolidation of operations are now delivering results, and the recent strategic client wins in that market represents a significant step forward for the Group."
ali47fish: thanks Dav- i have attended an investor presentation and read the last report and it's very positive
maddox: Hi rivaldo, Thanks for the coverage and write-ups - looking very well positioned in the market with all the key growing messaging channels covered. Jay Patel CEO comes across very well and articulates the business proposition in a very concise easy to understand way. Looks set for further growth particularly in the US with their recent excellent acquisition of 3C. IMO are yet to catch investors attention, if they keep delivering the goods it won't be very long. Regards, Maddox
rivaldo: IMO were featured in the Telegraph's Questor column recently as they're one of the investments in its IHT portfolio: Https:// "IHT Portfolio update: IMImobile IMImobile, one of our most successful tips, has recently announced full-year results and a new acquisition. The results read well: sales rose by 28pc to £143m, adjusted pre-tax profits rose by 36pc to £13.7m and cash generation was strong. Meanwhile the acquisition of 3CInteractive, an American firm, has been well received by investors. Tony Dalwood of Gresham House, which has a large stake in IMImobile, said the deal took it “a big step forward into an important new market”. He added: “It gives the firm a platform to grow there; it’s the last piece of the jigsaw globally. Over the past two years it has become a materially larger business.” Mr Dalwood acknowledged that takeovers involved “execution risk” but said the firm had a record of success. “The US can have a different business culture but in our view there is little reason to worry at this point. The deal was struck at an attractive price for IMImobile.” He pointed out that there had been a lot of acquisition activity in the sector recently and IMImobile could start to attract attention, although it was “doing very well as a standalone entity”."
rivaldo: N+1 Singer initiate coverage this morning with a 420p valuation: "Transforming the customer journey IMImobile is a leading end-to-end Communications Platform as a Service (CPaaS) provider targeted at Enterprises globally. The group focuses on the automation and improvement of end-user engagement, improving customer experience (CX) and reducing costs. The group is well positioned to benefit from structural growth trends in CPaaS, offering a differentiated and intuitive interactions management platform, and we initiate coverage forecasting 10% gross profit and 9% EPS growth for FY’20E. FY’19 results confirmed strong organic gross profit growth in core markets (16% y/y), and with well flagged headwinds now clearing, we see high potential for group underlying growth acceleration. An intrinsic value of 420p/share offers strong upside potential for investors."
chasbas: Thanks Rivaldo! We all invest according to our personalities. Sometimes I wish I was a value investor when investments go wrong. But when you find a sound growth stock the PE becomes far less is all about earnings growth, as proven by the great William O'Neil. I think IMO is one of those unusual companies that could do really well.
chasbas: IMO it is a mystery why this company has such a low investor profile. It is a global technology company with a great record and proven management team. Anybody who is interested just needs to read the Trading Update of 4th April for the year to March 2019. 18% organic revenue growth! Entered new trading year "with strong momentum" and increasing focus on North America after acquisitions, senior management hires and investment. Results at end June will be strong with a very upbeat statement. IMO the share price should be over 350p soon. This is my biggest holding...what am I missing?
rivaldo: Been away on hols, but not at all surprised to see IMO recovering nicely. I think that, as well as the recent market volatility, a few institutional and other investors were spooked by GHT's sell-down in autumn'18. Which makes GHT's 22nd February RNS that they've increased their stake back to almost 10% (from just 6.1%) all the more interesting.
rivaldo: Good to see a bounce starting.... And IMO have another large institutional investor - Merion Global Investors have just gone above 5% with 3.38m shares: Https://
rivaldo: Gresham House are of course big investors in IMO, and in today's results they have loads of good things to say.... Http:// "The Board has strong confidence in IMImobile and believes that "backing winners" is the right strategy. We therefore remain strong supporters of what is presently the best performing asset in the portfolio whilst cognisant of the portfolio construction aspects of this substantial weighting." "One of our more progressed investment theses, IMImobile, was the top performer on a monetary (+£6.6m) and share price basis (+50%) and was the clear primary driver of this year's performance, contributing +16.7% to NAV performance in the year. We have been actively engaged with IMImobile over the past two years, focusing on simplifying the investment story and helping broaden awareness and coverage within the investor community. It is pleasing to see that this is now paying off, backed by strong performance and clear strategic direction." "IMImobile It has been a pleasing year for our major holding both operationally and on the market as the company continued to execute its strategy of organic and acquisitive growth in the digital services sector, which was confirmed with a bullish trading statement post period-end in April 2018. Operationally, the year started strongly with a trading update at the end of April highlighting continued double digit organic growth and performance slightly ahead of expectations, driven by some major contract wins with Telenor and BT as well as a renewal of the MTN partnership in Africa. Importantly the company flagged the strengthening market position of the IMI Connect product following the Infracast acquisition in April 2017. EBITDA cash conversion was >100% for the sixth year in a row, illustrating the strong cash generation capability of the group. The subsequent strong momentum in the shares from those results as well as the conclusion of certain strategic initiatives within the company in the previous year (share capital restructure, governance improvements, repositioning of the product suite and simplification of the investment story) at the start of the financial year for GHS represented key milestones and provided an opportunity for the crystallisation of some profit on the investment as we facilitated some liquidity to help broaden the shareholder register in August 2017. The latter half of 2017 saw IMImobile (IMI) post another set of strong interim results, continuing the good progress of FY17 with cash generation and organic growth maintained - driven by growth in Europe, India and South-East Asia and particularly strong integration of the Infracast acquisition. Two further acquisitions were announced, Sumotext in the USA and Healthcare Communications in the UK, the former of which provides an entry point to the US market and the latter of which cements IMI as the UK leader in its field in the health sector. The interims provided a catalyst for some of the market awareness work we had been working on over the medium-term, and this had a positive impact. Shortly after the results, an interview with Tony Dalwood on IMI published in the Telegraph 'Questor' column, along with the placing out of a large stake held by Tosca (a perceived overhang on the share price) to a new set of investors that Gresham House and its advisory network had helped the company to engage, drove the share price to the new highs of around 250p. 2018 has seen the company continue its positive momentum and growth trajectory. The acquisition strategy is contributing meaningfully to this momentum. We have met the Healthcare Communications team and the market opportunity in the more defensive healthcare sector is clear, providing a complementary revenue stream to IMI's existing offering and giving the company leadership in another key consumer vertical. All three acquisitions made in FY18 have performed well and management's track record of M&A to date has been excellent. We see further opportunity through this channel. The year ended as it started for the business - strongly. In the run up to their FY18 results we engaged Gresham House's PR advisers with an initiative to support where we can with market awareness and coverage of the company as its major shareholder. These efforts gained traction with Gresham House facilitating coverage in a number of high-profile financial publications, which contributed to the share price performance which reached its highest level since IPO. Post period-end the company published a trading statement ahead of its preliminary results citing revenue ahead of expectations with significant new business success across the portfolio, notably for IMI Connect. We believe this has set up a solid foundation for FY19."
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