Any ideas why price has decreased so dramatically recently?

Oi panto we miss your input on the BLNX thread , hit 80.27p yesterday

xxx



panto - 25 Mar 2014 15:52 - 5836 of 5900

re - 80p

I've heard some claptrap from the 'Welsh' gurus in my time, but that takes the biscuit

Stil holding short.

Dont blame you , you could throw a dart at stocks today and short almost anything , mostly mine :))

187.28 position closed.

Final Results http://www.moneyam.com/action/news/showArticle?id=4834723

Any ideas why price has decreased so dramatically today?
what's happening???
maybe is the bottom as is bouncing back

Market Makers shake yesterday, is the most likely scenario up 10p today

Trading update

Licensing activity in the period has been good with encouraging levels of activity across all three main IP product areas and across the broad customer base.

Royalty revenue for the quarter ended 30 June 2014 has been in line with our expectations, reflecting both growth from a number of partners as well as the short term impact from known product transitions with other partners this year. We are pleased that the average royalty rate for the quarter remained strong and marginally higher than last year, which we expected given the change in product mix.

The active licensing pipeline across our IP and customer base is building the foundation for significant future unit growth.

Both licensing and royalty revenue have been affected by the strength of sterling in the period, leading to adverse comparisons with the prior year. Given the recent volatility of sterling, it is difficult to predict the likely impact of this factor for the financial year to April 2015. However, we continue to be active in hedging some of our exposure to currency movements.

The Pure business is trading in line with expectations following the renewed focus and organisational changes implemented at the end of FY14. We are expecting further progress with the latest product releases.

Despite the Group continuing to invest in a number of key areas, tight operational control has been maintained and underlying operating costs are growing at a lower rate and in line with expectations.

Interims http://www.moneyam.com/action/news/showArticle?id=5004284

StockMarketWire.com
Imagination Technologies warns of a first half loss a with revenues lower than previously forecast.

The company says the semiconductor sector in general had a weak June quarter but the industry expectation is for this to improve in the second half of the year.

It says part of this has been driven by the sharp slowdown in the rate of growth of the emerging economies, and in particular the Chinese market. Imagination says the combination of general market softness in H1 and the short-term timing impact of the replacement chip ramp up, lead it to expect lower H1 revenues than it had previously forecast, which is likely to lead to a loss for H1. Based on the strength of the licensing pipeline and customers' product launches Imagination now expects a stronger H2 than previously forecast. But it says that at this early stage of the year, it cannot be certain that it will recover all of the H1 shortfall. Given the strong licensing activities in the last couple of years and the growing design wins in various markets, it expects the medium-term volume to gain significant momentum despite these short-term industry and specific factors.

Chief executive Hossein Yassaie said: "Following the strong licensing during the second half of last financial year, the pipeline of opportunities has encouragingly built-up to healthy levels during the first quarter of the year. "For both our PowerVR GPUs and MIPS cores we are seeing growing interest and engagements from several high volume partners. We expect these engagements to lead to licenses during this financial year and, combined with tier-one deals closed during the second half of last year, will help to build significant volume growth in the medium-term. "The Ensigma IP families continue to strengthen as we build up all the elements towards complete solutions. The level of customer engagement is increasing strongly, helping to grow this developing business. "There are some indications of general softness across the semiconductor industry for the short-term. However, given the relevance of our technologies to the key markets and design-wins we have already secured and expect to secure, we remain confident of a growing momentum in our business in the medium-term."

http://www.moneyam.com/action/news/showArticle?id=5134052

Notice of results http://www.moneyam.com/action/news/showArticle?id=5155867

Half yearly Report http://www.moneyam.com/action/news/showArticle?id=5174845

SP down nearly 7% at the mo.

Imagination CEO steps down; forecasts EBIT loss

Imagination Technologies Group chief executive Sir Hossein Yassaie has stepped down with immediate effect. Andrew Heath, one of the non-executive directors, has been appointed interim CEO The group also published a trading update as the board now expects to report an EBIT loss for the financial year to 30 April 2016. Imagination is also announcing details on restructuring initiatives. These include the sale of Pure, its consumer electronics business, and the expectation at this stage that Imagination will reduce total operating costs of its on-going businesses by GBP15 million in the next financial year, ending April 2017.

The group says that since it published its half year results in December, market conditions have not improved and the slow-down in the overall semiconductor sector has continued, reinforced by global uncertainty about future trading prospects with China. Royalty returns from some key customers have fallen short of previous expectations for the last calendar quarter of 2015 with lower forecasts for the first calendar quarter of 2016. While the licence pipeline remains strong, and licences and related revenues already secured this year amount to �24 million, the pace of deal closure is falling short of prior expectations. The royalty reduction coupled with continuing uncertainty over licence revenue timing is likely to result in a material reduction in expected FY16 revenues and resulting profitability. The Group now expects to report an EBIT loss for the financial year to 30 April 2016. The group continues to have sufficient cash resources to meet its obligations going forward.

Story provided by StockMarketWire.com

Watch this one dive now.

So that's a buy then mitzy???!!!! ;o)

Lol Harry.

Baillie Gifford & Co go above 12% http://www.moneyam.com/action/news/showArticle?id=5213530

Possible takeover talk:

http://arstechnica.co.uk/gadgets/2016/03/apple-acquire-imagination-powervr-gpu/

Interesting, I wondered why they were up with no RNS.

StockMarketWire.com
Imagination Technologies Group has noted the announcement from Apple Inc that it does not intend to make an offer for the company. Imagination says the board values Apple very highly as an important ongoing partner of the company.