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ITIM Itim Group Plc

40.50
0.00 (0.00%)
Last Updated: 07:45:49
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itim Group Plc LSE:ITIM London Ordinary Share GB00BMD2H500 ORD GBP0.05
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 40.50 0.00 07:45:49
Bid Price Offer Price High Price Low Price Open Price
38.00 43.00 40.50 40.50 40.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 16.13M -892k -0.0286 -14.16 12.64M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 40.50 GBX

Itim (ITIM) Latest News

Itim (ITIM) Discussions and Chat

Itim Forums and Chat

Date Time Title Posts
06/10/202408:44ITIM gaining significant traction27
26/9/202412:45ITIM Dump that garbage4
29/2/202407:25ITIM Group 13

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Itim (ITIM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 14:05:1239.50174,75069,026.25O

Itim (ITIM) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Itim Daily Update
Itim Group Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker ITIM. The last closing price for Itim was 40.50p.
Itim currently has 31,210,607 shares in issue. The market capitalisation of Itim is £12,640,296.
Itim has a price to earnings ratio (PE ratio) of -14.16.
This morning ITIM shares opened at 40.50p
Posted at 02/10/2024 16:44 by z1co
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.
Posted at 02/10/2024 09:34 by z1co
Itim Group – Tiddler Turning Into Whopper With Recent Big Contract Wins, Making Shares Start To Appeal
Posted at 28/9/2024 12:19 by z1co
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.
Posted at 28/9/2024 07:47 by z1co
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.
Posted at 26/9/2024 14:39 by z1co
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.
Posted at 25/9/2024 21:33 by z1co
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.
Posted at 25/9/2024 08:48 by z1co
In July the company also won a a five-year multi-million-pound contract with Assaí Atacadista ("Assaí"), the largest Brazilian wholesaler, with more than 300 stores.

In 2023, Assaí reported turnover of approximately $13 billion and currently has a market capitalisation of $2.5 billion.

Itim's UNIFY Price and Promotions Optimisation platform powered by Profimetrics AI is now being used by 20 retailers globally and by 6 of the top 10 Brazilian retailers, underlying its capability of adding retail value.
Posted at 25/9/2024 08:39 by z1co
STOCK WATCH article:

Retail software provider Itim raised its outlook following a strong first half.

The company, which won a contract with the fashion firm Quiz in February, now expects to beat the £17million of revenue and £1million profit analysts had forecast. The improved outlook came after sales rose 19 per cent to £8.8million in the first half of 2024.

Itim also swung back into a £1.2million profit having made a £200,000 loss the year before.

Shares soared 18.6 per cent, or 6.5p, to 41.5p.
Posted at 24/9/2024 15:24 by z1co
Alliance News 24 September 2024 | 9:36AM

Itim Group PLC, up 19% at 41.5p, 12-month range 18p-46p. Says revenue improves 19% to GBP8.8 million in the first half of 2024, from GBP7.4 million the year before. This was "driven by both new contract wins and higher levels of service revenue". Pretax loss narrows to GBP73,000 from a GBP1.1 million loss. Earnings before interest, tax, depreciation & amortisation total GBP1.2 million, swinging from a GBP197,000 loss. CEO Ali Athar says results "demonstrate measurable progress across key metrics". Company says it expects full-year results ahead of current market expectations; Athar says this is "a consequence of the positive momentum, including new contract wins, in addition to encouraging trading since the beginning of H2".
Posted at 24/9/2024 07:47 by z1co
!FOLLOWFEED


+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Admission document:



+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

24/09/2024:

Ali Athar, CEO of itim, commented: "I am pleased to report that itim is gaining significant traction in the market. Our half-year results demonstrate measurable progress across key metrics and we are delighted to report a significant increase in revenue, a positive EBITDA return and a strong cash position.

"As a consequence of the positive momentum, including new contract wins, in addition to encouraging trading since the beginning of H2, the Board anticipates delivering full year results ahead of current market expectations."



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Itim share price data is direct from the London Stock Exchange

Itim Frequently Asked Questions (FAQ)

What is the current Itim share price?
The current share price of Itim is 40.5p.
How many Itim shares are in issue?
Itim has 31,210,607 shares in issue.
What is the market cap of Itim?
The market capitalisation of Itim is GBP 12.64 M.
What is the 1 year trading range for Itim share price?
Itim has traded in the range of 20.00p to 53.00p during the past year.
What is the PE ratio of Itim?
The price to earnings ratio of Itim is -14.16.
What is the cash to sales ratio of Itim?
The cash to sales ratio of Itim is 0.78.
What is the reporting currency for Itim?
Itim reports financial results in GBP.
What is the latest annual turnover for Itim?
The latest annual turnover of Itim is GBP 16.13M.
What is the latest annual profit for Itim?
The latest annual profit of Itim is GBP -892k.
What is the registered address of Itim?
The registered address for Itim is 2ND FLOOR, ATLAS HOUSE, 173 VICTORIA STREET, LONDON, SW1E 5NH.
What is the Itim website address?
The website address for Itim is www.itim.com.
Which industry sector does Itim operate in?
Itim operates in the COMPUTER RELATED SVCS, NEC sector.

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