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IMImobile

March 2019

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:
  • 227p
A long standing overhang in IMImobile’s shares finally went with Gresham House picking up the slack and taking its interest from 6.1% to 9.9%.  Well played to them - they were the ones who knocked the shares off their highs by reducing their holding from 14.5% last year.Broker Panmure notes all geographies are performing well with healthy double digit organic growth with the exception of the Middle East & Africa (c.15% gross profit) where now that IMImobile has zeroed its Nigerian exposure, organic growth should pick up in the year starting April (Panmure expects >7%). At the same time, a new CEO has been appointed in the US market to consolidate the three mobile communication platform providers acquired in the pa ...

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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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