Imagination Technologies Group Share Chat (IMG)

Going down the pan, look at the Solds compared to the buys

Every day a down day, soon back to £1.00

http://www.telegraph.co.uk/technology/2017/07/08/apple-sets-new-uk-office-imaginations-doorstep-amid-chip-row/

Anybody got any News, very quiet on here.

Waiting for the DOW to open with anticipation.

The company, which put itself up for sale last month, said it returned to profitability in the year to end-April, with reported operating profit of 7.8 million pounds ($10.1 million) against a loss of 26.8 million pounds a year earlier.

I see, I guess it's knowing exactly what is inside the new iPhone which I don't. Exactly and with AR/VR moving slowly but steadily, potential new application areas could fill void Apple has left.

I don't know, I think it is worth the risk. Today was a good set of results and I'm personally happy to lose all if nothing pans out on the risk that if a sale is made between £2 - £3, things will look good for me.

IMG.L has been showing support at 124.88 and resistance at 173.50. This stock is BULLISH in short-term; and NEUTRAL in mid-long term.

What a set of results to hang your for sale sign on! Carry on like this and in 3 years filled the Apple gap anyway! Large new contract on the horizon. Andrew and Guy convinced that the bids will be for between £2-3 (and they know!) - market will realise this over the next week - BUY

It seems the iPhone 8 will be radically different from previous generations and will have AR as a standout feature, and so it's conceivable that Apple decided on using a newly designed GPU based on IP licensed from one of the other major GPU suppliers. Then again, the new PowerVR architecture can also be used for AR/VR apparently. Apple are no doubt keenly following developments with the sale, but I am no longer so sure they need or even want IMGs technology anymore. It will really boil down to how strong this IP is and how valuable it is to other major tech players.

Their chips are in the iPhone 8 right? Scheduled for release towards the end if the stories are true. IMG receive a royalty for every iPhone with their chip inside sold. The iPhone 8 is going to sell alot of phones. This has to have some raises left if not only for the earnings off of the back of iPhone 8 sales?

What often happens in these situations is the bidders buy up the shares then one 'bottles it' and decides they would make more by selling and letting the other bidders fight it out. There was a rush from 105 to 170. Now there is a seller but I bet you this is going up. Maybe not today, maybe not tomorrow but soon.

Some F8.3's submitted by several large investors show their buying continues, perhaps to get a bigger say in future events and/ or they expect a decent return?

Does the latest RNS Apple form 8.3 mean anything? 8.11%

The sector is down but it seems the City possibly has a whiff of some bad results here! Which won't help the sale price!

Checking before 'sale' announced, RNS 35641 dated 16 June, is a notification by Tsinghua Unigroup Int Ltd, that on the 14 June it sold 680,282 shares taking its holding below 3%, to 2.88% or 8.199,426 shares. SP on that date was +/- 120, days vol was 3.5m shares. No subsequent declaration's by them noted, please add to earlier list.

https://woodfordfunds.com/investing/terms-glossary/forms-8-3-8-5/ Disclosure of interested parties above threshold

Could someone tell me why all those brokers have put in Form 8.3s?

One explanation could be that it's all a cunning plan by Apple to takeover IMG on the cheap, but that has a lot of pitfalls, not least because it effectively relies heavily on the premise that IMG shareholders are sufficiently panicked by Apples (therefore false) claim to be able to develop a better graphics solution...

Apples continuing stake in IMG is certainly a conundrum, because i can't understand why they didn't they sell it before they knew it was going to plummet on news that they have developed a better graphics solution? On the other hand, if continuing to hold 8% is part of a plan to upset a IMG fire sale, why are they bothered where the inferior IMG tech ends given that they can apparently do better, and have therefore walked away from their winning and long standing collaboration? All very strange..

Does anyone have info regarding Apple's rights to block/facilitate a buyout with their 8% stake? My view is that regardless of whether or not Apple is one of those interested in the group buyout (I personally think they are), they will attempt to leverage their stake to make it as difficult as possible for other parties to carry out a takeover.

Well put Blah... Indeed Apples' strategy is difficult to fathom at this point, they don't seem to want to buy IMG, but all they seem to have achieved to date is to risk their impending David and Goliath battle over IMG graphics IP becoming more in doubt if IMG gets bought out by a competitor with deeper pockets.. They must be very sure that their GPU replacement plan is superior (and does not infringe), which is why IMG is worth so much less now, but Goliath may have underestimated David in which case people who bought in after the drop will be £'s in! It'll be interesting to see how this ends because as you say, the end game is not currently obvious....

What are the chances of Apple really taking this up actually? Apple won't say what (if anything) they have invented to completely replace the function of Imagination's patents. If they have genuinely innovated, tested and proved a completely new type of GPU in secret, that is truly remarkable. Seems more likely they haven't, in which case it's difficult to understand their strategy and even harder to guess what their end game is.

What are the chances of Apple really taking this up actually?