Imimobile Share Discussion Threads

[shroder] 21/11/2017 21:53

Big hit in SA which no one seems to have mention, no divi also ?

[mfhmfh] 21/11/2017 18:35

also tipped as a buy in IC's 'Tip Updates' section.

[mfhmfh] 21/11/2017 18:06

tipped as a buy in today's IC in 'market overview' column.

[rivaldo] 21/11/2017 11:58

Whitman Howard retain their Buy and 260p target after today's results.

[ewanwhose] 21/11/2017 08:07

Those 203.2 trades are buys, not sells.

[rivaldo] 21/11/2017 08:02

Good, solid H1 results, and a confident outlook for H2 of meeting recently upgraded expectations.

Big increases in revenues and gross profit, with net profit masked somewhat by big increases in investment and resources going forward.

The growth potential is huge in AI and automation capability, GDPR etc, and also geographically with the first steps forward now advancing in the USA.

And there's a nice £15.4m cash pile.

The outlook statement remains very confident:

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

"The Group has continued to perform well, both financially and operationally, and delivered another period of profitable, cash generative growth. We have consolidated our leading position in the UK, achieved very strong organic gross profit growth in India and South East Asia, and despite known headwinds in Middle East and Africa, achieved 12% organic revenue growth across all regions. Post period, IMImobile also completed the acquisition of Sumotext, providing a platform to launch IMImobile's product offering to the enterprise market in the US.

"This growth has been driven by the continued global demand for cloud-based solutions that can help deliver digital transformation, automation and cost-cutting. IMImobile has created a market leading product suite that focuses on real time, interactive customer communications and service automation and we are excited about the benefits that new emerging technologies can deliver.

"We remain confident about the Group's prospects for the remainder of the year. We expect revenue and gross profit to be in line with market expectations that were recently upgraded following the trading update given on 1 November and underlying EBITDA to be in line with expectations."

[rivaldo] 13/11/2017 07:34

Great to see Giles Hargreave more than doubling his holding in IMO:



"IMImobile

Citywire AA-rated small cap supremo Giles Hargreave has more than doubled his holding in cloud communication and software provider IMImobile (IMOI) as it drifts lower from last month’s record high.

Hargreave upped his stake in the business from 2.4% to 5.7% of the shares worth £7 million at a price of 200p, down from an all-time high of 221p in early October.

The shares are primarily held by clients of his eponymous broker and fund manager Hargreave Hale which was this summer purchase by Canadian banking group Canaccord.

Leading UK hedge fund manager Toscafund’s small cap mandates have recently banked some profits on the tightly-held stock, reducing their stake from above 18% to 13.4%.

Investec reiterated its buy guidance last week, on a 250p price target. That followed a trading update saying full year profit was likely to beat earlier expectation, despite upping its investment in sales and distribution."

[rivaldo] 02/11/2017 22:47

A tip update in the IC - hopefully this will appear in tomorrow's print edition and bring in some interest:

[rivaldo] 02/11/2017 12:22

Positive stuff:



"News / 31st October 2017

A message from Ross Venter, CEO of IMImobile South Africa, on the rename of Archer Digital SA.

After the successful IMImobile acquisition of South African based Archer Digital in October of 2015, the team in South Africa have been laying the groundwork for supplementing the solutions they offer to blue-chip clients with the IMImobile product suite. Negotiations with two of South Africa’s premier banking institutions began in 2016 around installing elements of the IMIconnect digital customer engagement platform into those banks. A combined effort, utilising multiple IMImobile resources from around the world, has resulted in the first full installation of IMIconnect into the fastest growing and most innovative bank in Africa.

As this first of many successes nears completion, and the interest shown in the IMImobile software and solution suite grows, it is an opportune time to present a more unified corporate image to the South African and African markets by changing the name of Archer Digital to IMImobile South Africa. With effect from 1 November 2017 our South African operation now bears the IMImobile name. The reaction from clients has been extremely positive and supportive and will enable our South African business to grow with customers knowing that the world-class digital communications technology solutions available to them are tried and tested on an international stage, and yet customized for the African market with a local IMImobile company on hand to provide ongoing support and relationship management."

[shroder] 01/11/2017 11:30

Don't get me wrong, I think they have done really well, will look to re-enter at some point too.

[rivaldo] 01/11/2017 09:44

IMO stated today that trading for H1 was in line with expectations, and that H2 is similarly expected to be in line subject to today's announced additional expenditure re the acquisition. So one has to assume that the naira/rand hasn't been an issue, at least not in terms of being material.

[shroder] 01/11/2017 09:20

I think management would have been better off saying something about SA situation, it's a bit of an elephant in the room thing now, at least in my mind.

[rivaldo] 01/11/2017 09:16

WJ, it clearly states in the RNS's 3rd paragraph that the additional investment in the USA is specifically as a result of the new acquisition.

Bonkers short-term reaction to today's news imo, but that's the market for you. Could simply be that there's a seller out there.

[shroder] 01/11/2017 08:43

No mention of currency headwinds or capital return from SA, both naira and rand are trading much higher than at start of year.

Given the above together with additional investment looks unlikely for a divi to be paid imo.

[wjccghcc] 01/11/2017 07:56

It's not clear in the trading statement whether the EBITDA investment is just for the acquisition - I wish they'd clarified it a bit.

[rivaldo] 01/11/2017 07:20

Excellent news this morning:



- this acquisition provides a pathway for launch into the USA
- it's "complementary to IMImobile's product set, providing mobile solutions that enable businesses to manage digital interactions with their customers"
- earnings-enhancing in the year to March'19
- current year revenue and gross profit expected to be above market expectations

The small caveat is that the acquisition requires £0.5m of additional marketing costs this year which will reduce EBITDA, but this is necessary for the additional return next year and should be welcomed.

Very good news.

[rivaldo] 26/10/2017 08:29

RNS out, with interims to be released on Tuesday 21st November and analyst meetings and presentations to follow.

Given the bullish outlook in the 28th June prelims, and with no problems mentioned in today's RNS - plus a Tuesday release augurs well - I'd expect the numbers to be nicely in line at the least:

"Outlook

The 2018 financial year has started well with trading in line with expectations. We have good earnings visibility thanks to our long-standing client relationships, pipeline of new deployments and high mix of recurring, repeating and transactional revenues.

We believe that, as managing mobile and digital touchpoints become critical for all organisations, we can continue to grow our client base across all regions and increase the size of each relationship. We intend to accelerate growth through our partnership strategy, including seeking out international partners, and are increasingly confident after the early wins we have had this year."

[rivaldo] 09/10/2017 13:12

Thanks again Clanger - hopefully more buying to come as subscribers catch up with the tip over the next week.

[clanger66] 09/10/2017 09:40

Think it will be difficult to buy in as i couldn't get a quote this morning. Generally i find that after the initial reaction it should settle back and then if you believe the story that's when you buy in. I don't there's anything new, but here's the headline. The company's name is IMImobile (AIM: IMO). It's a great little business – steady growth, big margins, generating lots of cash. And best of all, it's nice and cheap.

[rivaldo] 09/10/2017 09:25

Cheers Clanger66, good to see IMO getting some press attention. Perhaps you or someone else could give some snippets - or at least the conclusion - at some stage after subscribers have had a day or two to buy in.

[clanger66] 09/10/2017 08:55

Been tipped in the penny share newsletter. Fyi

[shroder] 09/10/2017 08:22

Nice one, could be share buy back although volume pretty high, Tosca perhaps?