IMImobile (IMO)

IMImobile IMI Logo

A cloud communications software and solutions provider.

24-Apr-2018 – 279.4p – £173.5m – PER 20.4

Trading Update For The 12 Months To End March 2018 – Revenue up 45% ahead of market expectations, PAT in-line.

This looks pretty good, could be tempted to buy the break-out – Else it will go on my Watchlist, 250p.

Subsequent note: More research confirmed a decent 1 year upside here but a negative 2 year downside – So I will go Neutral here and keep an eye out for updates, in particular 2 year forecasts.

20-Nov-2018 – 293p – £191.4m – PER 19.2

Unaudited Interim Results For The 6 Months To End September 2018 – Revenue up 26%, a slight Loss of -£0.1m (£1m Profit last time), Diluted Adjusted EPS is up 35% – Net Debt is £9.3m versus Net Cash of £4.3m last time. FY to be in-line.

I remain Neutral here with no real conviction either way at present.

4-Apr-2019 – 287p – £191.5m – PER 17.8

Trading Update For The 12 Months To End March 2019 – Revenue to be ahead of market expectations, up 28% on last year (18% organic).  Gross Profit to be up 20% on last year and EBITDA 30%. Net Debt at £7.9m (Cash of £4.3m last time (acquired Impact Mobile for £16m).

Looks quite reasonable – I still have no conviction either way here at present but will be keeping an eye out for those FY actuals.

Research Tree Banner