Imagination Technologies Group Share Chat (IMG)

Bought some more at 165p

Thanks to Apple crashing the share price, it looks like some Chinese mobile manufacturers like Huawei is probably going to use IMG technology along with their own technology to enhance their model. Smart move and got the business on the cheap. They will be sending Christmas cards to Tim Cook for years to come if Apple suddenly sees their Chinese market share decline.

6% shorts to close by my reckoning... only way is up! And currently still at 169.50! This is a no brainer for an easy "minimum" 5% gain by mid November. Considering the risks buying and selling on the AIM market... I think this is as close to a bargain as I've ever seen!

The MIPS sale is separate to the Canyon Bridge offer of 182p?? Liberum Notes that it may be in Apple’s interests to conclude a settlement with Imagination rather than a Chinese govt-owned entity; this could mean additional return of 50% of the settlement value for Imagination shareholders beyond the sum Canyon Bridge has factored in its valuation process. What does this all mean?

Hoping for counter offer - wishful thinking!?

Yes and Yes

Also, the whole Iphone is built in China, what is to worry about there?

Tim Cook couldn't care less. He has much bigger things to worry about. He could have bought out IMG for £550m, its peanuts for him. Its good to see shorter burn here though! IMG still has a future in consumer electronics!

;-(

No!!

Will the shares suspend or will they still trade? If so will be able to buy any below 182?

British firm Imagination Technologiessaid on Friday CBFI Investment will buy the company for a price of 182 pence per share, valuing it at about 550 million pounds ($742.5 million). CBFI currently has no intentions of cutting any jobs after the proposed merger, the companies said.

What img had for Apple was obviously obsolete for the new products they now have. Apple 8 and X are already designed and being sold. X is in pre order stage.

I really wonder how Tim Cook is viewing all this. Is this the outcome he anticipated? The concern is not whether the GPU IP at IMG fits in with Apples technological roadmap (which is the reason they gave for dropping IMG) but the value it will have to Apples competitors who may use it to make products that eat at Apples market share. It really is a no brainer for Apple to have hoovered this company up, at least to deprive their competition of it if not to use it themselves. A settlement does not solve this issue. IMG going to the Chinese is a strategic disaster for Apple...surely they cant be this short sighted?

Patents or patience that is the question.... May need to be a patient if this all goes wrong! Do you have any other input on next weeks events? Good luck Monday evening arsenal58 - another tough game! 😃

run hospitals now Starman ??🤔😂

IMO this will not be blocked by government. Apple must be thinking long and hard over the weekend over agreed bid /patient issue. Canyon Bridge have the financial muscle....... Wonder if they are now thinking why they just didn't pay up some time ago with such vast sums of money in the bank. GLA

They say its short by about 7.5% See below LOL fellow investors Disclosed positions in IMAGINATION TECH GROUP PLC (IMG) Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero. Fund % short change Date changed Algert Global LLC 0.89% -0.02% 12 Sep 2017 GSA Capital Partners LLP 1.42% 0.09% 31 Aug 2017 Lombard Odier Asset Management (Europe) Limited 0.62% 0.10% 23 Aug 2017 Marshall Wace LLP 1.21% 0.09% 13 Sep 2017 Numeric Investors LLC 1.82% 0.05% 18 Sep 2017 Total 5.96%

Wonder if the short position panick Monday onwards. Investors still out of pocket but at least we now have the opportunity of recovering some losses..... Anyone think a hostile bid could come into the equation?

For excellent advice, go to short interest tracker: https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=IMG.L LOL! ;-)

Based on the ft coverage 550M from canyon bridge, plus a further 65M from tall wood would equate to roughly £2.15 per share, ( issued share capital consisted of, 286,143,781 ordinary shares)?

it will open at 175-180p on Monday, would be surprised if anyone got the chance to buy cheaper on Monday morning. not a bad return for anyone who invested after Aprils drop. A few will want more £ as always but its another UK PLC as good as sold.

1. Why was this announced soon after markets closed for the weekend? 2. How long will it take for the share price to go to 182p/the takeover to be completed(weeks or couple months)? 3. Could the deal still fall through(Could Theresa still block it)?

Whilst I suppose recent shareholders will be pleased with this takeover, it is a shame that another decent British company is being bought out, and the price is hardly great by historic standards. Unfortunately, it looks like the same fate is likely to befall Stanley Gibbons [SGI]. They are touting the sale of this old British company to the Chinese / Far Eastern buyers, and it will be a shame if SGI is sold out too cheaply. And this company holds a Royal Warrant.........

http://www.telegraph.co.uk/business/2017/09/22/beijing-backed-fund-buy-imagination-technologies-550m-deal/