Ims Maxims Share Discussion Threads

[cheading] 22/1/2004 13:19

Johnroger

Yes, still holding! This is the ultimate, slow burning, under mattress share.

Vasilis

I was the only shareholder at the December AGM in Woburn Sands. Have been in nearly 2 years. It WILL win share of NHS awards, very astute & straight management are well positioned, but patience needed as you infer.

cheers

cheading.

[vasilis] 21/1/2004 17:34

Johnroger,

Bought in when IMX dropped down to 6p and am still holding as a pure speculative play on IMX winning NHS business.

The way the price has been moving up recently I am getting more confident that the surprise will be on the upside rather than the downside. This company is so small (market cap £16.6m)that there would almost certainly be an exponential rise in the share price on confirmation of any major deal. Ergo, risk:reward ratio extremely favourable in my opinion - and no doubt today's major share-buyers think the same way.

Mind your eye

Vasilis

[johnroger] 21/1/2004 16:56

New 18 month high, anybody still holding this?

[johnroger] 10/1/2004 15:39

IC comment
9 January 2004

IMS Maxims
Losses rose as the company increased its amortisation rate. Trading has improved compared with the same period last year, but remains sluggish.



--------------------------------------------------------------------------------
PRICE (P) 10.375 MKT CAP (£M) 16.62
HIGH (P) 10.375 LOW (P) 5.22
PE na YIELD % nil
EX-DIVnaPAYMENT DATEna



--------------------------------------------------------------------------------
half-year TURNOVER PRE-TAX EARNINGS INTERIM
to 30 Sep (£M) PROFITS (£M) (P) DIVIDEND (P)

--------------------------------------------------------------------------------

2002 1.72 -0.95 -0.73 nil
2003 1.90 -1.26 -0.86 nil
% change +10 - - -

--------------------------------------------------------------------------------

[kemorkid] 24/12/2003 09:53

Steady as she goes.I have a good feeling..........
Happy Christmas all imx ers.

KK

[cheading] 23/12/2003 14:34

Know nothing of Gowan Group, but as most funds destroy shareholder wealth by trading shares on average every 11 months would be interested how long they held. IMX is not a share for traders, but is up nearly 100% from lows this year. Long term growth dependant on speed of NHS.

cheers

cheading

[wild bill] 23/12/2003 11:29

Only a guess, but for every seller there's a buyer, so really, ownership just changed hands.

[johnroger] 22/12/2003 20:23

Why was the price not affected by a sale of this size?

LONDON (AFX) - IMS Maxims PLC said The Gowan Group has sold 2,573,333
ordinary shares in the company, representing 1.77 pct, and now holds 2,476,667
shares, representing 1.71 pct.
[e-mail]
slm/

[cheading] 21/12/2003 10:59

devidhel.

No. One is a current cost, the other previous costs in developing software which don't eat cash, but tidy up balance sheet. Pity more shareholders didn't get to the AGM two weeks back to easier understand where this company is going. This is another of those shares unseen by the masses yet has doubled this year from its lows. Capable management. Contract sizes often £1 million plus so upside when it does arrive will be dramatic. Agreed you need patience here, but then Buffett is no trader either.

cheers

cheading.

[davidhel] 20/12/2003 15:31

Kemorkid - as you may know, IMX has for a long time held a large amount of its asset value as intangibles: I don't know what these 'assets' consist of (other than that they must be non-monetary and non-physical).

They are writing off some of this asset value to bring down expenditure on 'operating expenses and investments'. I assume this is designed to bring costs down generally and conserve cash while they wait (forever? :) for the new NHS contracts to arrive. That's my take on it anyway.

It's a book-keeping technicality... they could have just said 'we're going to try and keep costs down' (IMO, WDIK).

[kemorkid] 19/12/2003 18:12

" The increased losses are wholly
attributable to an acceleration in the rate at which we amortise our intangible
assets. This reflects our aggressive depreciation policy in the face of the
planning blight, and masks a reduction in the financial commitments of the group
for operating expenses and investments to #2.6 million, down from #3.1 million
in the same period last year."


Extract from interims could someone please explain the first sentence.
KK

[ogodno] 19/12/2003 13:14

good sign..broker to broker.....g.l.a...

[kemorkid] 19/12/2003 13:12

What is a B trade 400,000@10p ?

[safman] 19/12/2003 12:47

nice steady rise... no ones complaining...

[ogodno] 19/12/2003 10:14

tick tock tick tock.............you can buy 20000 only with comdirect @10.25.........or sell 150000 @9.82......good luck all

[johnroger] 18/12/2003 13:45

Price is being marked up on almost zero volume. Have the mms an order to fill?

[kemorkid] 18/12/2003 12:42

Something brewing ?
Ready for lift off if we get a sniff of a contract.

KK

[cheading] 18/12/2003 09:39

Nice un-seen share by the masses. Starts year at 5.25p and ends near double that. Not sure vodafone has performed quite so well but it is better known. Being a contrarian has always made sense.

cheers

cheading.

[westernedge] 17/12/2003 00:04

Well make sure and not give em any cheap ones...
Just having a weekly wander through some of my long termers...
looking good... nothing too fast about this one..
Good products in a growing market place... even with NHS obstacle courses

[ogodno] 15/12/2003 13:18

one trade of 5005 shares sends the bid up 0.25........mm's have NO stock.....g.l.a....

[johnroger] 13/12/2003 16:23

IC comments on the results

12 December 2003

IMS MAXIMS (IMX)
IMS's big 2002-03 loss can be blamed on "disappointingly low" business with the NHS. Last year, UK turnover more than halved to £2.03m, and losses included exceptional costs of £1.62m as IMS dropped non-core projects. But the company is hoping to win a lot of business as a supplier to the contractors appointed as local service providers to five English strategic health authority clusters. The NHS has a budget of £2.3bn for the modernisation of its information technology. At the same time, IMS is looking at new markets, including North America. Broker Seymour Pierce forecasts a 2003-04 loss of £1.83m including similar goodwill amortisation of £1,500.



--------------------------------------------------------------------------------
Ord price: 83/4p Market value: £12.15m
Touch: 8-83/4p 12-month High: 83/4p Low: 5.22p
Dividend yield: nil PE ratio: na
Net asset value: 2.45p Net debt: 107%




--------------------------------------------------------------------------------
Year to Turnover Pre-tax Earnings Dividend
31 Mar (£m) profit (£000) per share (p) per share (p)

--------------------------------------------------------------------------------

2001 2.98 -2,274 -2.55 nil
2002 5.68 296 0.23 nil
2003 3.36 -4,386 -3.20 nil

--------------------------------------------------------------------------------

Market makers: 2 Traded on Aim

[cheading] 11/12/2003 16:53

Johnroger

No hint at AGM, not a squeak other than LONG term certainty that they'd be prominent in each of the 5 major consortia.

cheers

cheading.

[safman] 11/12/2003 14:55

still holding and looking positive....

good luck all...

[ogodno] 11/12/2003 14:55

not even a whisper.............good luck all...

[johnroger] 11/12/2003 14:44

cheading .... thanks for your comments on the AGM

Up 10% today anyone heard anything?