3535 days ago
A belated happy St Patrick's day and in this podcast I look at Synety - what a horrible POS - Wandisco, Hunter Resources, Imagination Technologies, Gate Ventures and LGO Energy
If you like bearcast then you will love the bears presentation and my own two slots at UK Investor on April 18. There are now fewer than 250 tickets available and to ensure you get one of them book HERE
4258 days ago
I do not actually have anything new to say about Imagination Technologies (IMG). I just wanted to ensure that when Kay Larsen does a google search on another of her clients, her after lunch outburst from today on what she deemed pornography and sheep shagging comes back to haunt her as this prudish PR bird sees another of her clients next to the sort of picture a serious journalist would never run. This time it is Miss Albania.
If you really would like to see some serious analysis on Imagination do not bother reading arse-licking journalists on the “serious financial press” as they know that it is Kay who decides how articles are written with what language and where they appear and with what image. The 4th Estate would not want to annoy the PR firms as one day they too might a well-paid job on the dark side. And you would not want to miss out on those spoon fed scoops would you?
On the other hand you can read my thoughts from a couple of months ago here.
4267 days ago
I have always believed that Imagination Technologies (LSE:IMG) is a good company. And you have to pay for quality. But you can overpay for quality and right now that is what investors in this stock are being asked to do. The company issued a detailed trading statement on 12 March which should not have provided ammunition for the bulls but the shares are now trading higher than a few weeks ago at 552p. Shorting a FTSE 250 stock right now is a risky business. Money is flowing into the second liners (from bonds) and this pushes valuations to ever more “generous” levels. And so I fully admit to calling this tech stock wrong (short term) as a sell on February 5th at 523p.
4272 days ago
Steve Moore and I worked together at t1ps.com from the day he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty website but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you his analysis of tech stock Imagination Technologies. Steve writes...
Imagination Technologies (IMG), the FTSE 250 technology chip designer, has updated on trading since its 31st October 2012 half year-end. At a current 550p, the shares are massively ahead of their 33.25p November 2008 lows but down on the in excess of 700p they reached in March and April of 2012. The following reviews the company’s trading update and whether the current share price represents value…
4307 days ago
Imagination Technologies (LSE:IMG) is clearly a good company. It is profitable, it is growing its sales rapidly, there is operational gearing and it generates cash and has a net cash position. It ticks all the boxes and is thus loved by investors retail and institutional. But at 523p the company is capitalised at £1.37 billion and on the basis of what is known that share price looks overheated. The shares are a sell.
