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% 321.00 4,527 08:00:00
Bid Price Offer Price High Price Low Price Open Price
318.00 324.00 321.00 321.00 321.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 142.73 0.71 -1.90 238
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:03 O 1,612 319.50 GBX

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Date Time Title Posts
11/10/201908:37IMImobile PLC446
12/5/201116:11Imperial Oil of Canada1

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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 321p.
Imimobile Plc has a 4 week average price of 317.50p and a 12 week average price of 309p.
The 1 year high share price is 341p while the 1 year low share price is currently 203p.
There are currently 74,010,849 shares in issue and the average daily traded volume is 24,127 shares. The market capitalisation of Imimobile Plc is £237,574,825.29.
rivaldo: Good to see (1) the 3CInteractive Corp acquisition completing satisfactorily: Https:// and (2) the AGM is coming soon, on 25th September - IMO don't usually issue a trading update at the AGM, but perhaps this might change as they grow.
maddox: Hi Aishah, The fact that the placing was priced above the prevailing share price is a very bullish signal. It indicates that there is strong institutional demand and if they didn't get the allocation they wanted they'll be looking for it in the market. Looking forward to see some holding RNS reports. Regards Maddox
johnwise: IMImobile PLC Trading Update - Revenue for the full year is expected to be c. GBP142m (2018: GBP111.4m) an increase of 28% of which c. 18% is organic. -- Gross profit is expected to be c. GBP62m (2018: GBP50.7m) an increase of over 20%, up from 18% reported at the half year.
rivaldo: Excellent year end trading update ahead of expectations.....EBITDA is over 30% ahead of last year: Https:// Great cash conversion at 90%. And the outlook couldn't be better: "We enter the new trading year with strong momentum and are confident in delivering continued organic growth across all parts of the business."
rivaldo: Yep, good to see the large director buy. Large trades going through - almost 2.1m shares traded already today. Perhaps the clearance of an overhang responsible for the recent share price fall.
chasbas: Hilarious! Apple's profit warning has probably hit the share price because it has "mobile" in its name!? H1 results on 20th Nov reported "strong momentum" and a "strong start to the second half and remain confident about the Group's prospects for the full year." SP down 7%. Managed to top up at 213p. IMO this is crazy
mrnumpty: Surprising that no-one has posted yet about today's release of full-year figures . Looks good to me , but I'm only Mr. Numpty . A slight increase in share price so far ( 5p ) also gives cause for hope given that , so often recently , the slightest weakness or doubt concerning companies has inflicted a disproportionately large drop in their share price . Rivaldo is a regular commentator here and , given that his/her name appears so often on shareholder bulletin boards , I assume that they are a full-time private investor , so any comments by them would be welcome .
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: Moving up to further new highs today. I've just found this long article about IMO on Sharetalk from only 3 weeks ago - excellent stuff and well worth reading: Https:// Conclusion: "The journey is by no means complete for IMI. Following the successes above the IMI share price has re-rated from c.6x to c.11x EBITDA but remains at a significant discount to its international peer group which averages 15x.[1] Furthermore, the prospect for accelerating growth is promising, with strategic partnerships and recent acquisitions all providing potential for meaningful earnings enhancements. Recent investment into the US market opens another possibility. IMI’s exposure to many of the key trends in digital; automation, digitisation, Artificial Intelligence and cloud based software offer a growing list of potential growth opportunities. We believe the business could use its cash on the balance sheet and ongoing cash generation to make further opportunistic, value adding acquisitions as well as demonstrating its financial discipline and shareholder focused approach to provide shareholders a modest, but growing dividend. We expect the company to continue investing into organic growth opportunities, including targeting the US market through partnerships. Both Gresham House and IMI believe this leaves the company well placed to continue its share price growth and to reach a midcap size over the next 2.5 years as per our 5-year investment thesis. IMI Mobile remains the largest holding in the Gresham House Strategic plc portfolio and is a statement of our conviction in the growth story going forward."
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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