Itim Share Discussion Threads

[z1co] 06/10/2024 08:44

Zak Mir forecasting 90p by the end of this quarter.

[z1co] 03/10/2024 08:22

MM's not playing, only letting you buy a max. of 100 shares @ full offer price of 56p.

[z1co] 02/10/2024 16:44

Mark Watson-Mitchell

itim Group – ‘Retail Engineers’ Report Positive Interims And Strong Cash Generation, Broker Ups Estimates

Yesterday’s Interim Results from the itim Group (LON:ITIM) were better than expected.

The group, which is a SaaS based technology company that enables store-based retailers to optimise their businesses to improve their efficiency, effectiveness and financial performance, reported revenues up 19% in the first half year to end-June.

In reaction the group’s shares put on a useful 18% advance in price, to 41.50p, valuing it at only £12.95m.

The Business

Established in 1993 by its founder, and current Chief Executive Officer, Ali Athar, was initially formed as a consulting business, helping retailers to effect operational improvement.

From 1999 the company began to expand into the provision of proprietary software solutions and by 2004 it was focused exclusively on digital technology.

Over the years it has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications, which the group has redeveloped to create a fully integrated end-to-end ‘omnichannel’ platform.

That platform enables retailers to adopt an engaging customer-centric approach to shopping in-store, online and on mobile.

Its retail software solutions support multi-channel sales and service, enterprise order management, price and stock optimisation, and supplier management.

Today the company works with over 80 retailers across 11 countries, a small range of its clients includes: Whitbread, Majestic Wine, Argos, The Entertainer, John Lewis, Sainsbury’s, The Fragrance Shop, Costa Coffee, JC Penney, Walmart, McDonalds, Quiz, Co-Op, Waitrose, WH Smith, and Travis Perkins.

It provides ‘omnichannel’ retailers with a ‘Unified Retail’ platform designed around the customer, that leads to increased sales and profitability.

The Equity

There are some 31.2m shares in issue.

Larger holders include the Athar family (38.40%), Lewis family (18.07%), Robert Frosell, Dir (7.64%), Herald Investment Management (6.37%), Curtis family (4.12%), Ian Hayes, Dir (2.72%), Michael Jackson, Dir (1.76%), Sandra da Costa Ribeiro, Dir (0.87%) and Justin King (0.74%).

Analyst Views

John Cummins and Charlie Cullen yesterday upped their estimates for the current year to end-December to look for revenues of £17.1m (£16.1m), and an adjusted pre-tax loss of £0.7m (£1.1m loss).

The analysts were previously expecting a £1.0m loss this year, so the small improvement is noteworthy.

They were also anticipating that the company would end this year with £0.5m cash in the bank, but now they have adjusted their figures to seek a useful £2.1m cash at year-end.

For 2025 they foresee £18.0m sales, and a turn around into £0.4m profits, worth 1.9p per share in earnings per share.

They note that with an encouraging pipeline of business leading into next year, they view the company as very well placed to continue to deliver into FY2025 and see substantial room for upside as new contracts are secured.

The analysts have previously stated that they consider that this group’s shares were trading on an undemanding rating compared to their ‘fair value’ of 55p a share.


In My View

Capitalised at only £12.95m, even with its shares 18% better yesterday at 41.50p, it will have £2.1m cash in the bank at the year-end.

I can see the broker’s analyst price estimates as being easily achieved in due course.

[z1co] 02/10/2024 11:09

It's NT to buy even 500 shares @ 56p.

[z1co] 02/10/2024 11:08

Paying nearly 2p over the offer price @ 57.9392p for 5,177 shares suggesting MM's are short of stock.

[z1co] 02/10/2024 09:34

Itim Group – Tiddler Turning Into Whopper With Recent Big Contract Wins, Making Shares Start To Appeal

[z1co] 01/10/2024 15:14

It's been NT to buy even 500 shares @ 56p all day,MM's don't have a great deal of stock

[z1co] 30/9/2024 21:02

Was again NT to buy even 1000 shares @ 55p just before the close.

There is just 31.2 shares in issue of which large shareholders own nearly 80% of the company leaving only a small free float.

[z1co] 30/9/2024 08:16

MM's not playing this morning , they have raised the offer to 52p but won't let you buy any shares.

[z1co] 30/9/2024 07:32

Gone to NT to buy @ 48p after that 2500 trade.

These over sold shares will rerate strongly.

[z1co] 28/9/2024 16:03

The client list is certainly very impressive:

[z1co] 28/9/2024 12:19

Reading through the news , since their IPO in June 2021 they have NOT raised further funds or issued any more shares.

Not many companies on the AIM can boast that record.

Now they are in very good position going in to 2025 when the company will become cash flow positive and the cash will start to increase.

The issue price was £1.54 valuing the company at £48.1 million.

The company's been gaining significant traction in 2024 and the CEO is very confident that this will continue in Q4 and 2025.

That issue price of £1.54 will be breached at some point over the next 6 months , making the shares a very STRONG BUY.

[z1co] 28/9/2024 07:47

Excellent article in the UK INVESTOR:



Itim Group – ‘Retail Engineers’ Report Positive Interims And Strong Cash Generation, Broker Ups Estimates

By Mark Watson-Mitchell 25/09/2024

The group, which is a SaaS based technology company that enables store-based retailers to optimise their businesses to improve their efficiency, effectiveness and financial performance, reported revenues up 19% in the first half year to end-June.

In reaction the group’s shares put on a useful 18% advance in price, to 41.50p, valuing it at only £12.95m.

The Business

Established in 1993 by its founder, and current Chief Executive Officer, Ali Athar, was initially formed as a consulting business, helping retailers to effect operational improvement.

From 1999 the company began to expand into the provision of proprietary software solutions and by 2004 it was focused exclusively on digital technology.

Over the years it has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications, which the group has redeveloped to create a fully integrated end-to-end ‘omnichannel’ platform.

That platform enables retailers to adopt an engaging customer-centric approach to shopping in-store, online and on mobile.

Its retail software solutions support multi-channel sales and service, enterprise order management, price and stock optimisation, and supplier management.

Today the company works with over 80 retailers across 11 countries, a small range of its clients includes: Whitbread, Majestic Wine, Argos, The Entertainer, John Lewis, Sainsbury’s, The Fragrance Shop, Costa Coffee, JC Penney, Walmart, McDonalds, Quiz, Co-Op, Waitrose, WH Smith, and Travis Perkins.

It provides ‘omnichannel’ retailers with a ‘Unified Retail’ platform designed around the customer, that leads to increased sales and profitability.

The Equity

There are some 31.2m shares in issue.

Larger holders include the Athar family (38.40%), Lewis family (18.07%), Robert Frosell, Dir (7.64%), Herald Investment Management (6.37%), Curtis family (4.12%), Ian Hayes, Dir (2.72%), Michael Jackson, Dir (1.76%), Sandra da Costa Ribeiro, Dir (0.87%) and Justin King (0.74%).

Analyst Views

John Cummins and Charlie Cullen yesterday upped their estimates for the current year to end-December to look for revenues of £17.1m (£16.1m), and an adjusted pre-tax loss of £0.7m (£1.1m loss).

The analysts were previously expecting a £1.0m loss this year, so the small improvement is noteworthy.

They were also anticipating that the company would end this year with £0.5m cash in the bank, but now they have adjusted their figures to seek a useful £2.1m cash at year-end.

For 2025 they foresee £18.0m sales, and a turn around into £0.4m profits, worth 1.9p per share in earnings per share.

They note that with an encouraging pipeline of business leading into next year, they view the company as very well placed to continue to deliver into FY2025 and see substantial room for upside as new contracts are secured.

The analysts have previously stated that they consider that this group’s shares were trading on an undemanding rating compared to their ‘fair value’ of 55p a share.

In My View

Capitalised at only £12.95m, even with its shares 18% better yesterday at 41.50p, it will have £2.1m cash in the bank at the year-end.

I can see the broker’s analyst price estimates as being easily achieved in due course.

[z1co] 27/9/2024 11:52

The list of clients is very impressive and include John Lewis , Waitrose , Sainsbury's

The company has won 4 major contracts in 2024 including Assai based in Brazil which has a market cap of $2.5 billion.

Other contracts secured this year are Majestic Wine, The Entertainer and Quiz Clothing

[z1co] 26/9/2024 14:39

September 25, 2024 10:25 am

Itim Group Chief Financial Officer Ian Hayes joins DirectorsTalk Interviews to discuss interim results for the six months ended 30 June 2024.

[hawkman_always_returns] 26/9/2024 12:45

Going down.


spike

[z1co] 25/9/2024 21:33

Looks like 2024 will be the best year of trading since the company was admitted on the AIM in 2021 at £1.54.

Share price will be very strong over the final months of 2024 now that the CEO has said that trading will be AHEAD OF EXPECTATIONS.

[z1co] 25/9/2024 21:25

Delayed BUY of 15,000 @ 46.99p reported after the close.

[hawkman_always_returns] 25/9/2024 15:48

Buy on rumour, sell on new.

profit taking will happen back to sub 30p

[hawkman_always_returns] 25/9/2024 15:47

Careful a bunch of lowlife losers following each other