Share Name Share Symbol Market Type Share ISIN Share Description
Imimobile Plc LSE:IMO London Ordinary Share GB00BLBP4Y22 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 347.50 6,228 08:00:00
Bid Price Offer Price High Price Low Price Open Price
335.00 360.00 347.50 347.50 347.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 171.19 3.13 2.70 128.7 286
Last Trade Time Trade Type Trade Size Trade Price Currency
14:13:06 O 1,160 350.125 GBX

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Imimobile Daily Update: Imimobile Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker IMO. The last closing price for Imimobile was 347.50p.
Imimobile Plc has a 4 week average price of 292.50p and a 12 week average price of 290p.
The 1 year high share price is 422.50p while the 1 year low share price is currently 235p.
There are currently 82,217,304 shares in issue and the average daily traded volume is 630,277 shares. The market capitalisation of Imimobile Plc is £285,705,131.40.
rivaldo: 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))
rivaldo: 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: Https:// "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: 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.
rivaldo: Agreed. Gresham have made huge profits on their early entry into the stock, so no surprise to see them go, and their exit has weighed down on the share price, even with Octopus Investments buying heavily. Buyers now can pay slightly less than the 300p the institutions paid in the placing. Results will be out soon, and we already know they'll be good from the trading update. I'd be surprised if any short-term COVID disruption - which IMO said was minimal to date - wasn't heavily offset to the good by greater demand for messaging and mobile services from all around the globe.
rivaldo: I'd have thought IMO would be one of the least affected companies from the virus, and indeed may be a beneficiary given the increased reliance on mobile phones for communication. And this morning we learn that Octopus Investments continue to increase their stake in IMO - they now own over 8% with 6.04m shares: Https://
johnwise: 26/11/2019 7:01am RNS Number : 6121U IMImobile PLC Interim Results Performance in line with Board expectations, with on-going positive "We have made strong organic progress throughout the first half of the year and expect the positive momentum to continue through to the year end and beyond. The acquisition of 3Cinteractive provides a solid foundation in the US and we are very confident of success in this market. The outlook for the year is positive and we are trading in line with Board expectations."
rivaldo: Interims are out November 26th: Https:// There's been some institutional selling RNS's - Brown Shipley, Canaccord etc - so perhaps there's been some more. IMO's been on a good run (it's almost doubled for me), so top-slicing would be on the cards for some. I'm quite relaxed. Many would have missed the trading update in the late July acquisition RNS which confirmed continued strong trading and in-line outlook. EDIT - beat me to it johnwise!
johnwise: Notice of Results IMImobile PLC, a cloud communications software and solutions provider, will release its interim results for the six months ended 30 September 2019 on Tuesday, 26 November 2019.
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."
rivaldo: Managed to get the full Questor tip - 300p here we come :o)) Http:// "Questor: three things can make a share price rise – and this stock has them all 29 November 2017 • 6:18am When a fast-growing company with a loyal customer base and no debt is cheaply valued, there’s usually a good reason. In the case of IMImobile, the Aim-listed software firm, the reason is likely to be the presence of a large and persistent seller on the shareholder register in the shape of Toscafund Asset Management. Tosca has been gradually reducing its stake in IMImobile. Its motivation seems to be more a matter of the management of its portfolios than any negative view of the stock itself, but the effect has been to put downward pressure on the share price. This, of course, presents an opportunity for other investors, as long as they are prepared to wait until Tosca’s selling is no longer perceived as a major drag on the price. Certainly the fundamentals of IMImobile seem strong. In the words of Tony Dalwood of Gresham House, the asset manager, which owns about 14pc of the company, it “embeds” its products in its customers’ operations. “IMImobile software carries out tasks such as sending the text messages that greet you when you land in a foreign country or the messages from banks that ask you to confirm that you have made a particular transaction,” Dalwood said. “Once you have signed a contract to use this kind of software you are unlikely to switch to another product and IMImobile has a good record of keeping its customers once it has won them.” He said it was growing strongly and generating plenty of cash. “Earnings growth is coming from a growing customer base – it is forming a good beachhead in America, for example. This growth is both organic and from acquisitions,” he said. Recent interim results showed revenue and gross profit both increasing by double-digit percentages. Normally such a good performance would result in the shares being highly valued but the perception that Tosca could continue to sell large numbers of IMImobile shares has prevented this from happening, some brokers have suggested. Many professional investors prefer the “Ebitda” measure of earnings when they value shares, as opposed to the after-tax profits used for the conventional price-to-earnings ratio. Ebitda stands for earnings before interest, tax, depreciation and amortisation, and because of those disregarded costs it will normally be higher than the after-tax figure. This means that the ratio of the share price to Ebitda will be lower than the normal p/e ratio for a given company – typically about 40pc lower, Dalwood said. But if we compare IMImobile’s price-to-Ebitda ratio with the valuations of other companies we get a sense of how cheap it is. It is currently trading at a ratio of between eight and nine. Link Mobility, a comparable peer, trades at more than 20, while private equity deals in this area are being done at Ebitda multiples of between 10 and 14. Earnings growth and the potential for the valuation to come into line with similar companies provide two routes for IMImobile’s shares to rise but there is a third potential reason, Dalwood said. “Share price growth has one of three causes: rising profits, higher valuations and balance sheet developments,” he said. If, for example, a business is funded equally by debt and equity and uses its cash flows to pay off half the debt, the value of the shareholders’ portion will increase significantly, all else being equal. This is a standard private equity approach to an investment. IMImobile has already paid off all its debt and amassed some cash, so in its case the way to make the balance sheet work better for shareholders would be to start to pay a dividend. This could also help the shares to be given a higher valuation. “At a time when interest rates are rock bottom, dividends are highly prized,” Dalwood said. “Any company that pays a dividend stands to be looked at more favourably by investors.” He added: “This stock has all three of the drivers for share price growth. We think the price could go from the current 200p or so to nearer 300p.” Reassuringly, several board members have significant stakes. Jay Patel, the chief executive, owns 5pc of the shares, worth about £6.2m, and “he’s not selling as far as I know”, Dalwood said, Questor says: buy"
Imimobile share price data is direct from the London Stock Exchange
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