Imimobile Share Discussion Threads

[rivaldo] 10/8/2020 09:12

Impressive share price performance whilst I've been away on hols - the excellent (and very detailed) presentation seems to have been very well received.

Helped of course by the large management share buying announced on 4th August.

[mauricemonkey] 09/8/2020 11:00

I found the PI world presentation on Stocko, never paid any attention to this until this morning.
According to Stocko, forward PE of 26 with a PEG of 0.7.
With a whole host of household names using the services, digital transformations accelerating and recent US expansion via acquisition this looks to be in a good place for further growth and that forward PE may well turn out to be too low.
Paul Scott was worried about the balance sheet last year but the recent placing should've rectified those concerns.
Seems like a no brainer to get some of these to me.

[chasbas] 07/8/2020 14:44

thanks for presentation link...good solid presentation.
Big holding for me with loads of upside

[epicsurf] 07/8/2020 14:27

Excellent presentation, looks like it has put some wind in the sails

[someuwin] 07/8/2020 14:03

Good presentation - cheers.

[flagon] 07/8/2020 13:23

Thanks for posting PIWorld link. A core holding for me ... right product, right time etc.

[tomps2] 07/8/2020 11:42

IMImobile PLC (IMO) FY20 results presentation by Jay Patel, CEO & Mike Jefferies, CFO

Video:
Podcast:

[epicsurf] 07/8/2020 11:38

It's on there now.hxxps://www.piworld.co.uk/2020/08/07/imimobile-plc-imo-full-year-results-2020/

[chasbas] 07/8/2020 10:21

Anybody else waiting for the webinar to appear on Piworld from 5th?

[epicsurf] 04/8/2020 07:08

IMImobile announces that it received notification on 3 August 2020 that Aseem Sadana, Executive Vice President, bought 49,387 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at an average price of 340.65 pence per share. Following the purchase Aseem Sadana and persons closely associated with him are interested in a total of 245,617 Ordinary Shares representing 0.3% of Company's issued share capital.

[rivaldo] 29/7/2020 12:39

...and another 1.32m shares just bought at 345p....

[rivaldo] 29/7/2020 09:35

Nice - 1m shares just bought at 340p in a 500k and five 100k lots.

[rivaldo] 29/7/2020 08:22

Cheers re the IC Buy tip epicsurf. Good to read about the 90% recurring revenues and the rest of the positives here.

I suspect the forecasts for the current year to March '21 are conservative given the beneficial effects from COVID-19 and the global transition to cloud. The forecasts would also include the dilutive effect of the shares issued for the 3C Interactive acquisition plus the more recent fundraising.

But it's worth remembering that 3C Intervactive was forecast to be only "marginally" earnings-accretive to March'20, whilst for this current year there would be much better "low double-digit earnings accretion".

[tomps2] 29/7/2020 08:21

IMO FY20 results webinar. Jay Patel, CEO & Mike Jefferies, CFO will present followed by Q&A. Wednesday 5th August, 10.30am.

Register here:

[epicsurf] 28/7/2020 15:58

Communications software provider IMImobile (IMO) saw its gross profit increase by more than a quarter in the year to 31 March, to £79.1m, boosted by 7 per cent organic growth. This comes as the group successfully renewed all of its major contracts and secured new customer wins. Enabling digital interactions with consumers – such as automated text messages – it now has 46 clients providing more than £0.5m in annual revenue, up from 40 in 2019.

IMO:LSE

IMImobile PLC

1mth

Today change
8.71%

Price (GBP)
337.00

Cloud communications accounted for more than four-fifths of IMI’s total gross profit last year and climbed by 38 per cent. Momentum was particularly strong in North America. The acquisition of mobile marketing company 3Cinteractive (3C) last August contributed to a 152 per cent surge in the region’s cloud communications gross profit, to £18.4m. Further growth is expected to come as IMI cross-sells its own products to 3C’s customer base and rolls out its ‘communications platform as a service’ (CPaaS) offering to “one of the world’s largest retailers”.

The brunt of the Covid-19 pandemic hit after the year-end and IMI hasn’t been left unscathed. While cloud communications gross profit in the three months to 30 June was up 30 per cent versus a year earlier, this reflects the benefit of the 3C acquisition and a flat performance elsewhere. Higher volumes from banking, mobile operators and logistics served to offset weaker demand across healthcare and retail.

Those more heavily impacted sectors are said to be showing signs of a recovery and the group expects to grow its full year gross profits – although this could be undermined by a ‘second wave’ of infections. Analyst consensus compiled by FactSet currently anticipates £85m of gross profit in 2021.

IC View

IMI’s shares jumped by more than a tenth following the release of these numbers and are currently trading at 26 times forecast 2021 EPS. While the group finished the reporting period with £24.5m of net debt, it has since swung to a £2m net cash position thanks to a share placing in April. With around 90 per cent of its revenues recurring on a monthly basis, the group has a high degree of visibility over its earnings and a stable client base also adds to the predictability – its top ten customers accounted for just under a third of gross profit last year with an average tenure of 9.9 years. In the long-term, businesses’ digital communications with customers are only likely to increase. Buy at 336p.  

Last IC View: Hold, 314p, 29 Nov 2019

[epicsurf] 28/7/2020 15:43

Thanks Rivaldo, checked the results this morning before heading out, nice uplift today expect more to come :)

[rivaldo] 28/7/2020 08:06

Online is crazy - the maximum shares you can buy are just 150 shares at 329p. Whereas you can sell at least 10,000 at the 320p mid-price.

The share price is only going one way based on that demand and supply :o))

[someuwin] 28/7/2020 08:06

Excellent results.

[rivaldo] 28/7/2020 07:19

Excellent results to 31st March given the pandemic - and most importantly, the outlook is as strong as hoped following the very good Q1'20 trading to 30th June.

With 17p historic adjusted basic EPS, and 20% gross profit growth in this Q1, one could hope for say at worst 20p EPS this year (given some dilution from the placing), and perhaps 23p-24p EPS given a relatively fixed cost base. This would be pretty cheap for a company in IMO's space and with global prospects.

The current trading and outlook is well worth a read:



"Current trading and Outlook

As previously reported in our announcement on 9 July, the Group has delivered a resilient performance in Q1 FY21 despite the operational challenges presented by the COVID-19 pandemic. Notwithstanding the impact to businesses globally, we strongly believe that current trends will benefit IMImobile, evidenced by Group gross profit being up approximately 20% year-on-year for the quarter, with the cloud communications product set showing year-on-year gross profit growth of over 30%.

Following period end, the Group has seen clear positive momentum across its regions. Alongside seeing a steady recovery of client activity in the worst-impacted industry sectors since late May 2020, the Group has been focused on strategic deployments, as existing and new blue-chip clients look to accelerate their adoption of digital communication strategies, that will help drive future revenues. Performance in North America, the largest addressable and growth market for the Group's product set, continues to be encouraging, with new strategic deployments for large US retailers having continued during the first quarter.

As previously disclosed, the results for Q1 FY21, together with a good and growing visibility of earnings, underpins the Company's confidence in achieving good year-on-year gross profit growth, subject to the impact of any second wave of the pandemic, including further organic growth in the cloud communications products business, in the full year to 31 March 2021.

With an established leading position in a number of our markets, and substantial opportunities for further growth, we are at an exciting juncture for the business as companies increasingly focus on digital transformation for customer engagement. Our execution of strategy is proven, and we look forward to delivering yet another year of growth ahead.

Jay Patel, Chief Executive Officer of IMImobile PLC, commented:

"We have delivered another year of strong progress, with double digit revenue growth across all sectors and regions for our core cloud communications product set.

We had many significant achievements in the year, including the winning of one of the world's largest retailers as a new client through to the acquisition and integration of 3Cinteractive Corp and the renewal of all major contracts falling due during the period. We have received continued recognition from leading customers and analysts that we have a globally leading and relevant set of customer engagement products.

The arrival of the pandemic in the final months of the year saw us take decisive action. Through prudent cost management and our teams' ability to identify opportunities for future revenue generation amongst the rapidly changing environment, we have managed to limit the short-term impact on our business whilst positioning ourselves for continued strong growth in the medium and longer term.

Many exciting and substantial opportunities are available to us, not least the potential for expansion in North America where our sales pipeline continues to expand. As one of the established leaders in our industry, with a high proportion of recurring revenues, we are confident of gathering further momentum."

[rivaldo] 27/7/2020 14:58

Good to see the share price start to move up prior to tomorrow's results. Given the strong H1 trading update the outlook will hopefully be promising.

[epicsurf] 27/7/2020 08:33

Forthcoming webinars:
Wednesday 5th August, 10.30am: Imimobile (LON:IMO) FY20 results presentation by Jay Patel, CEO & Mike Jefferies, CFO, followed by Q&A. 

[rivaldo] 24/7/2020 16:06

Thanks epicsurf, more good news.

[rivaldo] 14/7/2020 22:53

Cheers epicsurf, good news. Here's a link: