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IMImobile - 90% of revenue is repeatable, says Patel

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IMO
  • Price:
  • 181.5p
IMImobile was one of the few shares to actually hit a high during the Brexit turmoil and has since reported a good set of 2016 results with sales up 26% to £61.6m (11% organic excluding the acquisitions of TextLocal in the prior year and Archer during the year).  Adjusted profit was up 21% to £6.8m with eps up 13% to 10.4p. Net cash at the period end was £15m.For those who haven’t looked at it, IMImobile provides a cloud based communication platform that enables corporates to manage mobile messaging campaigns across SMS, MMS and email. Its system (IMIcampaign, previously known as DaVinci) will, for instance, allow O2 to send texts to upsell services to its customer base by creating and delivering messag ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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