They should cut out the verbage and deliver some good wins to announce.
Most recent recent resuots were 3 steps forward, 4 backwards imho.
Would like to feel confident enough to invest here but it doesn't look ready yet.
Am I wrong?
Know idea what you're smoking Sorcerer, but it's pretty strong stuff. The track here is diabolical. As to why this bunch of 'spending investors' cash board should be a target to the likes of Oracle or Microsoft is to set upon an idea that sits in the theatre of dreams....I work very closely with both. More chance of this joke of a company surviving than that.
Remember Gartner and Forrester - the influence of cash from the companies they review is fact. The more you pay the better the profile.
My view is that the company should be on the brink of breaking even - if you look at the forward revenues in the half year results and then add in the new contracts, we can't be far away. Importantly, they seem to be retaining most of their clients too (97% of available revenues in the first half), which means that each new contract will have a disproportionate impact on overall profitability, which I think is a dynamic that could make things interesting here in the coming months.
On a purely mathematical basis, using a 15 times multiple, the current sp would suggest that this business might make £175k profit this year. Of course, that's unlikely to be the case, as the market will be looking further forward than that, but that outcome would fully support the current sp, without pricing in any future potential.
So, we know that:
They are retaining most of their clients
They secured six new clients in the first half
They secured at least six new clients in the second half
I think I deduced from the accounts that they have about thirty clients in total, which would make each client worth about £100k. If we assume that they continue to add 12 clients a year, then with a bit of attrition of existing clients, that's gross revenue growth of about £1m per year. So, if they're just about to break even and can achieve revenue growth of £1m per year (most of which should got straight to profit, as cost of sales is quite low), it's not unreasonable to assume that, in the foreseeable future, the company could be making multiples of the £175k earnings that underpin the current sp on 15 times earnings.
Add to the above the recent Director buys and the comprehensive exercising of options at close to the current sp before Christmas, then I think those working for the Company see a bright future ahead.
We had the bad news on full year results being below forecast last year in February, so I think it's not unreasonable to assume that things are on track or better this year. Assuming a closed period of 60 days for the Director buys, the earliest we might hear any news about preliminary full year results would be the end of this month.
It was also interesting to note that the new options included a clause that the options will vest immediately in the event of a takeover. That may be a standard clause, but my understanding is that Imaginatik is highly rated by Gartner / Forrester, so if one of the big boys like Microsoft or Oracle sets their sights on them and want to add them to their portfolio, then that would certainly add some spice to things.
Busted flush. No value assigned to the contract wins. They will have real difficulty raising yet more cash given their history. Weak board, weak sales, weak organisation. What do they actually do? No one seems to know.
With Matt Cooper taking advantage of the cash raising exercise to increase his personal holding in Imaginatik by a further 5% AND WITH OPTIONS OVER !0% of the equity re-based down to 1.0pence it looks to me that IMTK is ready to announce that the corner has been turned.Imo the company needs to increase revenues by around 25% to achieve break even.In fact we know that revenues are showing a current increase of 10%,whilst visibility for the coming period is said to be up 33% compared to 12 months ago.Octopus may shortly announce that they too have increased their % holding.
Certainly we are seeing higher than normal volumes of activity in the shares on the stock market.
Any one else here feel that there might be a glimmer of hope for the future?
Imaginatik has one law suit - available in the public domain. There is a second one involving the company that may have been listed in the Daily Star recap of the top 50 super-injunctions - that would be a great irony. Hundreds of thousands of pounds of shareholders money - precious given the precarious financial situation of the firm - given to lawyers for... what? Can't tell. Now, I have left the United Kingdom as a resident so we shall see what happens next.
Fingers crossed that something can be salvaged if you are a poor shareholder who bought into the vision, and got left in today's fog. I can genuinely and completely say - not my fault. Look at the performance of the company and its stock - present management to past. Share price dropped from a high of 9p when present Executive Chairman joined, to a steadfast 1.5p. Congratulations!! Yeah! Go Octopus Investments for giving Imaginatik its chairman. Nice move - and I hope your own investors are happy with the outcome.
Does anyone have a market forecast for the company for the year finished in March 2011, and for the upcoming year. The coded RNS with a statement that the revenue will be lower, and that there will be a loss for the second half are undecipherable.
the executive chairman putting his own money into the company. I know it's not a fortune, but when it's coming out of your personal bank account then it spells confidence to me. Suspect a need for interim working capital while receipts come in. Maybe a little something from 'QinetiQ'. That particular tie-up could prove to be quite a good move!
A number of years back, when I was just a 'lad' I was carrying out some contract work for British Gas. I received a call on this particular wet and windy November day, asking if I could spare a man who was good with a hammer and nails. Odd thought I, and asked for what reason? It turned out that a bunch of hooligans had removed the safety barriers from around an excavation involving the renewal of an old gas pipe and to make things worse had built a bonfire in the pit!. Now as you may know, new gas pipes are plastic!! Fortunately someone called the emergency services and the situation was brought under control.
OK, says I, so what do you want my man to do? Nail the hooligans to the nearest fence?
No, It turned out that an individual within the company had struck on a bright idea. This guy had worked out that safety barriers were being vandalised at such a rate that in certain areas a totally different approach was required.
His idea gave birth to the ground cover plate which can be attached through various locking methods to either pipe or groundworkings. Our job was to fabricate a prototype from planks of timber.
After several months of trials and improvements the eventual plastic cover, now used by all utility companies was born.
BG were lucky that they had someone to press this idea forward and not let it go. There were many times when without leadership this simple idea could have been lost. Makes you wonder just how many more are lost!
I would guess that many millions of pounds have been saved here. And many million more earned through its marketing.
So the next time you see a pedestrian cover over an excavation...it was me who put that very first nail into the original board!
Lost a few hundred quid on my last foray here, but now picked up 5 times as many shares from what I received, so look forward to an interesting 2001.
From my point of view, the new management team have spelt out the companies aims in a much more comprehensive way. They are attracting some really impressive clients, and now that these time-wasting wranglings are getting sorted out, I feel we can make some real progress.
Imaginatik plc (AIM: IMTK.L), a leading provider of innovation management software and consultancy, is pleased to announce the signing of two new contracts. No financial details of the contracts have been disclosed.
Deutsche Telekom, one of the world's leading telecommunications companies, has signed a contract for the delivery of Innovation as a Service, outsourcing two multi-territory innovation projects to Imaginatik.
QinetiQ, one of the world's leading defence and security technology companies has selected Imaginatik to deliver internal innovation services in its North America operations. This builds on the contract signed earlier this year with QinetiQ to jointly deliver innovation services to the United States General Services Administration.
Matt Cooper, Executive Chairman of Imaginatik, commented: "These two contracts are evidence of the growing sales momentum at Imaginatik and indications that our strategy to deliver Innovation as a Service is being well received by the marketplace. We are delighted to have been selected to provide innovation services to two such high quality organisations and look forward to working with them to provide successful innovation programmes within their businesses."
Imaginatik provides Innovation and Idea management solutions comprised of consultancy, software (Idea Central) and program management to deliver innovation outcomes to companies such as The Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. This is Imaginatik's area of expertise.
Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and a World Economic Forum Technology Pioneer with offices in Boston, MA, and London. In 2009, Imaginatik was named as one of the 500 fastest growing technology companies in the EMEA region by Deloitte. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
Now this is what I call something out of the ordinary. Shall have to do a bit of research on this to see what, if anything, this will achieve. Upward movement of the share price would be nice as I am showing a hefty loss on this. Still see what the response is and if he is successful. MC1
Thanks for the tip - it looks like a company with potential. What I am trying to work out is whether this one is likely to recover. They have some big clients and contracts but there appears to have been turmoil in the boardroom. Could be v.good value if its all been resolved!
Been holding this a while waiting for a glimmer of hope. It doesn't seem to be getting any better though, am hoping that someone out there knows something positive about this one... otherwise its last one out turn the lights off!!
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