Any ideas why price has decreased so dramatically recently?

PE is 60+ - Nuf said.

PE is 80.71 - ARM PE is 67.80!

Not quite hangon, Haven't you heard of stop lose settings?

Market like's todays Man. Statement, up 7% so far.
http://www.moneyam.com/action/news/showArticle?id=4324819

Imagination Technologies' full-year profits rise 53%

Imagination Technologies, the British company behind the graphics for the iPad and iPhone, has posted a 53% rise in full-year profits.

Imagination made £36.8m ($57.7m) in adjusted pre-tax profits on revenues up 30% to £127.5m for the year to 30 April, the company said.

The number of graphics and video technology computer chips shipped rose by a third to 325 million.

Imagination also makes the "Pure" brand of digital radios.

You long of IMG Skinny?.

GF - unfortunately not! I have been watching it, but didn't act.

Imagination Technologies was another big gainer after yesterday having announced that it saw notable increases in both royalty and licensing revenues last year, which led to better than anticipated profits. At least four brokers have raised their price target on its shares, including JP Morgan Cazenove and Goldman Sachs . In fact, analysts at these two banks have practically doubled their price targets. Liberum Capital was the exception, it has decided to reiterate its sell recommendation on the firm´s shares

Broker Updates this morning.

21 Jun Imagination... IMG Exane BNP Paribas Outperform 478.20 750.00 750.00 Reiterates 750p SP target.

21 Jun Imagination... IMG Numis Buy 478.20 550.00 590.00 Upgrades

590p SP Target.

Yes - to use a technical term - bugger!

http://www.moneyam.com/action/news/showArticle?id=4444058 Down nearly 9% at the moment.

Brokers with Buy recos looks
encouraging......

Imagination Technologies Group PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Exane BNP Paribas
19-09-12 BUY 36.00 10.46 63.00 17.61
Singer Capital Markets Ltd
14-09-12 BUY 39.20 11.10 56.20 15.60
Canaccord Genuity Ltd
13-09-12 HOLD 14.40 17.00
Peel Hunt
11-09-12 BUY 46.13 12.52 58.90 16.20
Westhouse Securities
23-08-12 BUY
Numis Securities Ltd
21-06-12 BUY 14.60 21.10
Seymour Pierce [R]
01-05-12 UREV 38.40 11.00 54.00 15.40

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 41.81 12.41 58.88 16.83
1 Month Change -1.45 0.13 -0.83 -0.04
3 Month Change -1.45 -0.39 0.65 -0.39


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 1.10% 65.88% 35.62%
DPS % % %

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £33.50m £46.39m £64.69m
EBIT £27.69m £41.06m £62.96m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER 68.37x 41.22x 30.39x
PEG 62.04f 0.63f 0.85f
Net Asset Value PS 47.40p 80.84p 101.16p

IMAGINATION TECHNOLOGIES IMG

Lets put some prices to them
Brokers with Buy notes.

SP targets range from 695p to 750p.

Date Company Name Broker Rec. Price Old target price New target price Notes

14 Sep Imagination... Peel Hunt Buy 524.00 730.00 730.00 Reiterates
14 Sep Imagination... Jefferies International Buy 524.00 724.00 724.00 Retains
13 Sep Imagination... Exane BNP Paribas Outperform 524.00 750.00 750.00 Reiterates
13 Sep Imagination... Investec Buy 524.00 695.00 695.00 Retains

NORWICH & PETERBOROUGH BUILDING SOCIETY

Added another chunk. The lauch of that metal thingy today should boost sentiment for this stock.

http://www.independent.co.uk/news/people/profiles/hossein-yassaie-meet-the-man-with-the-big-imagination-8160782.html

Few FTSE 100 bosses will be keener than Hossein Yassaie to follow today's launch of Apple's iPhone5 as it goes on sale in stores in America, Britain and seven other countries. As chief executive of Imagination Technologies, Mr Yassaie has played an integral role in the development of the iPhone, as his company designs the graphic-processor units that help to drive the dynamic display on the screen. And if iPhone5 turns out to be a record-breaker, as expected, Imagination will benefit in royalty revenues.

Just don't expect the self-effacing, Iranian-born boss of Imagination to talk about it. Over a relaxed lunch in a central London hotel, he politely bats away questions about Apple, his most celebrated client. He won't even discuss whether he ever met Steve Jobs, although he concedes he enjoyed reading Walter Issacson's biography of the late Apple founder.

As Imagination's chief executive for 14 years, Mr Yassaie knows it pays to be discreet, especially when Apple is one of its biggest shareholders, with a stake of almost 9 per cent.

The fact that virtually all his clients demand discretion may be one of the reasons why Imagination isn't as well known as it should be. Yet this FTSE 250-listed company, with ambitions to join the FTSE 100 in the next few years, is a rare British technology success story.

Revenues rose 30 per cent to £127m last year as Imagination saw an increase in royalties from its chip and graphic designs, with pre-tax profits jumping 74 per cent to £28.5m.

Mr Yassaie is convinced the best is yet to come, especially as graphic-processing technology improves. "There is no limit," he says. "We still haven't got to the point where graphics look like reality."

There are so many other opportunities as "the internet of things" becomes a reality, he explains. Virtually everything in our lives – from the TV set to the car, from central heating to healthcare – is becoming "smart" and connected to the mobile web.

Imagination also owns the digital radio business Pure, which sells sets directly to consumers and gives another insight into our changing behaviour.

Mr Yassaie says his aim for Imagination to enter the FTSE 100 – it is currently about 130th in size – is achievable. Key to that is his ambitious target of one billion in annual shipments of its chip and graphic technology by 2016.

Growth depends in part on the wider macro-environment and Mr Yassaie certainly feels that Britain and, importantly, the Government, doesn't rate our tech industry as much as it should. "Not everyone gets super- excited about electronics," he says. "We want people to get involved like they are in art, music and acting. It would be good to have the same thing around technology.

"Most people wouldn't realise the huge number of companies that are shipping products with British technology – it's good to make that known," he adds, referring not only to Imagination but other companies such as FTSE 100 chip designer Arm.

For Mr Yassaie, government can help both in terms of the economy and the wider eco-system. "I'm a great believer in reducing the deficit," he says. "But I would certainly expect that once the recession is under control that there is more needed from the Government. Within the constraints that they have, they're doing quite a lot, but I'll always be asking for more." Taper tax relief for staff who hold shares in Imagination for the long term is top of his wish list.

Britain should also do much more to encourage young people to study computer science and electronics. Imagination, based in Kings Langley in Hertfordshire, looks to hire at least 100 graduate trainees a year so he wants UK universities to do more to produce world-class talent. "These guys need to be the best in the industry," says Mr Yassaie, whose company employs more than 1,200 in offices including Bristol, Cheps ...Read Full Message More View thread 1

Good link that G/F thanks, have printed it off and will read later.

IMG Imagination Technologies

Broker brief.....

21 Sep Imagination... IMG Exane BNP Paribas Outperform 533.00 511.50 750.00 750.00 Reiterates

750p SP Target.

Wonder if this is still on??.
Missed it on that date.

Imagination Technologies Ltd (IMG)Sep 08, 2012Analyst Comment by KBC Peel Hunt

Keep an eye on shares in Edinburgh based chip maker Wolfson Microelectronics this week after Peel Hunt analysts Alexandra Jarvis and Paul Morland predicted that "brutal" competition within the electronics sector could lead to further consolidation and tipped Samsung to buy Wolfson and Apple to buy Imagination Technologies. Wolfson’s shares rebounded last week following a dip when Samsung, one of its biggest customers, lost a patent battle with Apple in California.

Possibly I suppose and Apple have plenty £s in hand as we know, but my record of predicting takeovers is well, shall we say.. worst then useless -): so anything I may say on this thread about takeovers from now on must be taken with a lorry load of salt!

A bargain 350p.