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

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.

>The common thread here is they are hi-tech and constrained by UK finances

But IMTE had plenty of cash in the bank from float .... and even after write-offs from latest cock-up then they'll still have some cash in bank. They're HQ'd in Dubai and at one time were thinking of listing in Dubai. They've had bad luck - but seems credability and product line is now shot to pieces. Lost a bit but nothing to lose sleep over as bought in as a recovery play after it had already fallen a lot..... that's life. Great potential originally and also the devices were selling like hot cakes in Gulf region when they were a private company......

Massive fall today - Yikes, this may be it!

IMHO, It is "best" to List where your factory/office is, and where your customers are.

-that way everyone knows what you are saying and customer feedback . . . . .means you match the product/service -to- customer need.

Maybe this should never have been on AIM....?
Anyone?

Anyone know why the price has dropped recently to 5p a share?? It's hard to believe when a while back the shares were widely recommended as a good buy. Are they going to go under? Sales still seem ok.

From 200p to 2p...


I-mate Plc sank further into full year loss as sales came in significantly below plan, with the company saying it has adequate capital for at least 12 months.

In a statement, i-mate, which makes Microsoft Windows-compatible mobile devices, however said the next 12 months are looking a lot better and that it will focus on cutting costs.

For the year to Mar. 31, the company's operating loss widened to 62.9 million pounds from 5.4 million pounds last year as revenues fell to 61.0 million pounds from 195.5 million pounds.

The company is also considering the merits of maintaining its listing on AIM.

SORRY FOR THE WRONG CHART ABOVE.

Today's rise 98% represents a few trades, totaling abt 4k - DYOR - but this looks like a "wild swing"....er, IMHO.
Also, there is a risk the listing could fall from AIM, as they are whinging it costs $200,000 ( yes accounts are in dollars) and they may need a new NOMAD at 100,000USD. - check the late Sept08-lengthy RNS; this is reasonably clear.

The Graph tells it all - stay away, other than if you fancy something to frame. 3 in 2006, today about a penny, or two.

They have taken investors' money under wild promises and put it in the shreader - whatever else does this fall represent?, oh deary and it looked so good.

So they are delisting later this month. Huh
Some here may point to obvious woes as the sp fell from early expectations...