i-mate is a developer and supplier of high-end wireless integrated pocket pcs and smartphones, specialising in the Microsoft(R) Windows MobileTM operating system

Forecasts
Year Ending Sales (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-06 263.00 31.37 13.19p 17.2 n/a n/a n/a 0.0%
31-Mar-07 408.85 50.60 20.54p 11.1 n/a n/a n/a 0.0%

Summary financial information

Year ended Year ended
31 March 2004 31 March 2005
$000 $000

Turnover 37,916 136,151
Gross Profit 8,158 35,057
Gross profit margin 21.5% 25.7%
Operating profit 1,851 14,350
Operating profit margin 4.9% 10.5%
Net cash inflow from operating activities 4,115 12,175

moneyplus: Well done. Hope you managed to get in at a good price. Friday showed a strong rise. Next target level is 260 to 270. Good luck!

Companies with i-mates record of growth and prospects are rare. They've already shown that they can grow markets and improve profits at the same time. Their current price presents a good buying opportunity. That blip seems to have been short lived as Friday showed a jump of nearly 9%. Incidentally that's close to the rise also seen in the shares of Cambridge Silicon radio(CSR), another tech stock that I hold, which jumped 11%. Both are producing products that are in high demand. Long may their success continue to drive their stock higher. Good luck!

I've taken this information from their last reported accounts (RNS 9 November 2005). It paints a very impressive picture!

Geographical Information

The group has one primary class of business which is the design and development
of wireless handheld devices and carrier based services for the world mobile
market. An analysis of turnover by destination, operating profit and profit
before taxation of the group by geographical segment is set out below:

(a) Turnover by destination Six months Six months Year
ended ended ended
30 September September 31 March
2005 2004 2005
(reviewed) (reviewed) (audited)
$000 $000 $000

Middle East 39,576 20,772 67,666
Australasia 14,143 8,738 21,278
Africa 6,505 2,868 8,542
Europe 30,935 6,289 35,567
North America 2,214 - 1,029
Asia 1,705 1,335 2,069

95,078 40,002 136,151


(b) Profit Six months ended Six months ended Year ended
30 September 2005 30 September 2004 31 March 2005
(reviewed) (reviewed) (audited)
Profit/ Profit/
Profit Operating (loss) Operating (loss)
Operating before profit/ before profit/ before
profit taxation (loss) taxation (loss) taxation
$000 $000 $000 $000 $000 $000


Middle East 11,544 11,558 3,320 3,320 13,491 13,491
Australasia 424 451 592 604 905 933
Europe 335 341 (117) (117) 230 230
North America 67 67 - - (269) (269)


12,370 12,417 3,795 3,807 14,357 14,385

UP nicely again this morning. Plus 9% and an MM buy has just gone through

Maximum online buy is currently 750 shares at 2.77p!

Had these on my watchlist, could be on the way back.Mentioned in the Independent on tuesday.

All quiet for some time now. Sp has taken a dive and I'm wondering if anyone is actually usiing these gadgets? Are they competition for Blackberry, or camera-phones? - I don't see what all the excitement is about....
Those that bought a year ago 2+ are looking a a severe loss with sp today abt. 50p . . . they have cash in Bank it seems, what is that "per share" I wonder....not a lot I suspect.....
Anyone?

Anyone watching this one? Interims due soon. Think if no negative surprises since pre-close announcement last month then it looks like it's near the bottom. But then again.... !!

I've just looked at the chart...Have you been drinking?...pull yourself together -):

No. My charts are giving indication possible uptrend starting..... (but will require good interims to get it going)..... They (the company) had techno foresight .... (well Jim lad the original owner did - and he's still the major shareholder) .... but had problems with third party manufacturer in Taiwan..... now have brought more things in house and reorganised product range ..... as usual, time will tell.....

The words "Risky" and "To" come to mind on this one I'm afraid, but as you say time will tell.

Well someone was busy twanging in a stream of buys in 2.5k parcels during the last half hour of trading.... Good news anticipated from Dubai HQ next week? Time will tell but await next week with interest.....

yeah ..... bloody awful graph ..... but if the latest revised product range suceeds then ..... I'm a sucker for recovery plays .... :-) No danger of going bust quite yet ..... Pre-close statement (2nd Oct) says "cash position stands at a healthy US$54 Million."

It'll be Thursday 20 December 2007 that this lot will announce their interim results for the half year ending 30 September 2007. So, await to see what they turn up ....

Well..... Interim results were expected to be dire ...... but turned out even worse than expected. Not nice for digestion at breakfast time. But on the positive side:
a) Bid price is presently only 1.75p down since yesterday. Somewhat better than might have been expected at 08.00 this morning.
b).Whoever was continuously unloading in tranches of 2,500 shares at a time recently seems to have started buying back in the 2,500 tranches today.
c).Jim M appears to have not unloaded any of his substantial holdings since it floated -even when SP was well over 5 times present level.
d).Recent technical and supplier problems are behind them for now. Future is effectively in their own hands now. So medium term it's al down to the calibre of their sales / marketing departments.

Well, the RNS just recently is dire IMHO - the suggestion that their chip-maker dispute is stopping their US-sales is a Huge Blow - and it's surprising the sp has only moved this amount - but then it's already down almost 90% from a year ago.

Survived87 - Do you use this gadget?
(ie in preference to other such products) - your input, please.

hangon .... no, don't use it ..... but knew a lot of people in the middle east who had them and found them very useful (and were happy to spend lots of $$$ on them).
seems that last RNS possibly signals the end of the company in its present form.... no integrated product line, no immediate solution, financial write-offs, dwindling cash pile. perhaps MBO to follow? followed by Dubai listing (once turmoil there subsides..... your guess is as good as mine.... perhaps the exiting management can still make money out of it.

PS: perhaps I should have also mentioned the C word ...

as in credability.....
even if latest circumstances were outside of IMTE's control, I'm surprised that they were not aware of situation when Interims came out just before Xmas....
they didn't seem to mention any such anticipated problems in the Interims....

as I said before , time will tell with this company .....
it now seems to have done so

In fairness if they've said there is a legal wrangle I guess until there is "new" evidence/solution they should keep quiet; otherwise it just rakes over old news ( and causes sp to fall futrther!)
+I agree there is an issue with competance; it looks like they've been in the sun rather too long........Psion was a similar case, I recall - always trying to catch-up the big players even though it appeared their product was superior, etc.
Pace was similar IMHO - a small player is always at a disadvantage, unless they have that "something" - which is difficult to maintain, even if they ever find it.

The common thread here is they are hi-tech and constrained by UK finances - where Banks will lend you money when you don't need it - unless it's some dodgy scam, like buying packs of sub-prime, etc. etc. where even the Best Banks never knew if they'd be repaid ( it seems!), . . . . . wash my mouth, - etc.

Hope you didn't lose on Imate.