Updates

IMImobile

December 2018

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.

I met CEO Jay Patel post interims. With Impact Mobile contributing for three months, revenues were up 26% to £67.2m (15% organic) with pretax profit up 18% to £29.2m and eps (on a low tax charge due to the Dubai/India structure) up 35% to 6.6p.Overall gross profit was +18% to £29.2m (3% organic) and a key metric measured is the adjusted operating profit expressed as a percentage of gross profit, which is up to 26.4% from 23.1%These results would have been better but for the impact of renewing a contract last year on re-based terms with MTN in the Middle East and Africa region, where gross profit was down 31% to £4.6m. Patel notes MTN had grown for seven years until 2016 but has thrown in the towel on i ...

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Future

Scapa

IMImobile (January 2021)

IMImobile (November 2020)

IMImobile (August 2019)

IMImobile (March 2019)

IMImobile - Acquisition drives 10% eps upgrade (August 2018)

IMImobile (June 2017)

IMImobile (December 2016)

IMImobile - 90% of revenue is repeatable, says Patel (August 2016)

IMImobile (July 2015)

IMImobile - Soon-to-be-prospective PE of 14.4 (January 2015)

IMImobile - 85% of income repeat in nature (November 2014)

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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