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That was a conversation stopper mate!
If the company do get sold that their intellectual property/developers ( img or whomever bought the company) would become even more important as a tool especially if it is something apple don't want in the wrong hands ( as they see it.) That is provided the property is there.
No, staying put lost too much now, might as well go all the way, just so frustrating watching it go lower Most of the time.
It's always the same it will grind down as the days go by without news - hopefully no further than 128 or so until there is an offer or even just a credible rumour and then BOOM in the meantime PIs lose bottle and sell out. Its the law!
FALLING
When is this share going to stop falling.
Plenty of meat on the IMG bone.... https://globenewswire.com/news-release/2017/07/31/1065020/0/en/Sierraware-makes-Global-Platform-compliant-Trusted-Execution-Environment-TEE-available-for-MIPS-based-devices.html https://seekingalpha.com/article/4091366-imagination-technologies-might-perfect-acquisition-nvidia Thanks to TF on iii. I think there is probably more to this than huge american company uses small british companys' hardware quite happily for years and then suddenly changes it's mind (causing big court battle and whilst still owning some shares). We will see....
Don't look good for rest of day, already down
When the takeover interest was announced, it appeared that several companies could compete which therefore would provide a significant premium offer. The sentiment on this board appears to ebb and flow with the share price. Here are my (speculative) thoughts: -ves: - Most companies are only interested in IMG due to sniffing a bargain, which would entail a limited bid premium - Very likely there's a lot of Chinese interest, but most such companies are backed by the Chinese government and therefore may be discouraged from bidding against each other. - Outside of China, several companies could benefit from the IP but not without significant risk. Developing a GPU which for years was mostly designed to meet the needs of Apple, to now complement their existing technologies would require significant strategic realignment and investment. Ultimately it might land the company in difficulty if it backfires. For instance I don't believe Mediatek are the kind of company to take this risk, their recent trading update sounded pretty risk averse +ves - Building a new GPU architecture without infringing patents is next to impossible. However Apples approach to in house development is clearly giving them a competitive edge in performance and finances and other companies who want to compete may have to follow a similar route. In particular Google and Samsung who are heavily invested in mobile may find this is a rare, if not one off opportunity to break free of perpetual licensing and optimise their own hardware. Lord knows they need to. - Court cases regarding IP it seems are usually settled with a compromise, and it is likely the dispute with Apple, if it drags on long enough, will eventually end the same with more favourable terms to IMG than is the case now - IMG is in is highly lucrative and growing industry, and with the advent of AR it's likely GPU IP will only increase in value - IMG still has a range of strategic options, all it's divisions are growing and evidently they have made efforts to diversify with MIPS and Ensigma starting to bear fruit. Selling MIPS alone could clear their debt and keep the company safe for years. It is nothing like the case of Sepura which was in a far poorer financial situation, a stagnant market and at risk of imminently breaking debt covenants. Even with no sale the company will be in no such position RE the bid process I feel the due diligence is done and there have been offers suggested to the board already, but they were not entertained. I think the board would rather sell parts of the company rather than all of it for cheap. I don't think anybody should be surprised this is dragging on, and it is by no means a sign of disinterest. Bidders are in no rush and would be very wary of triggering a bidding war, and perhaps first movers, especially ones with deeper pockets, would be put at a relative disadvantage in such a scenario. Of course this is all my subjective judgement, I would welcome your thoughts o
Well the view below shouts the negative:Believe,worse, probably sub historic.The only positive point in this opinion is the pool of buyers now v limited.Interesting.It does tho' beg the question, how do you know? for all anybody knows the potential buyers are assessing whats on offer:The board will be examine the offers and the alternatives this way and that and of course legally they must accept the best deal,whatver that may that is in the interest of their shareholders. there maybe a bidder who believes that a lot of value undetected in IMG not yet realised but there, that with investment and effort can transform its prospects;Of course i know no more that anyone else and i may be whistling in the dark because lets not forget this is an opinion page and we can all indulge our opinions;Someones view will turn out to be near the truth.Take your pick.
Well the view below shouts the negative:Believe,worse, probably sub historic.The only positive point in this opinion is the pool of buyers now v limited.Interesting.It does tho' beg the question, how do you know? for all anybody knows the potential buyers are assessing whats on offer:The board will be examine the offers and the alternatives this way and that and of course legally they must accept the best deal,whatver that may that is in the interest of their shareholders. there maybe a bidder who believes that a lot of value undetected in IMG not yet realised but there, that with investment and effort can transform its prospects;Of course i know no more that anyone else and i may be whistling in the dark because lets not forget this is an opinion page and we can all indulge our opinions;Someones view will turn out to be near the truth.Take your pick.
The intraday chart doesan't look very appealing, same as yesterday. Oh dear we are Doooooooooomed.
ndmLSE Please press the sell button, because if you do that will be good news for me, because then the sp will rise, as it is at the moment its heading south to quickly IMHO, Good luck what ever you decide to do.
I'm invested here, and I'm considering dumping this now. I don't believe at all in Government opposition to T/O. The UK is not in the position of being picky, with the ongoing Brexit mess. Last thing they want is to see a company filing for bankruptcy. They will not interfere with any buyer, from any geography, there are no risk from a competitive landscape perspective nor from a security perspective in a T/O of IMG. What worries me is the late trend of the SP. The very recent 52 weeks low of 76 I'm afraid will be adopted as a reference for premium calculation by bidders. And the fact we have seen the SP almost doubling on T/O speculation and then settle around 140 may mean the market does see this as a fair offer value. Hence why I feel most of the gain is now factored in and considering selling now. The fact is I can't find substantial reasons to dismantle this view. With Apple dumping IMG loads of revenues have gone. What's left is not really much, and focused on Eastern (Chinese) smartphones. How much margin and profit is in there? Patents wise: Apple is going to fight in courts. They do not need to acquire IMG to kill them. All they need is keep taking away their talents (as they have already abundantly done and will do more aggressively now they have an office just across the street). Fees settling in courts will sort the patents issue (Apple has got enough cash to settle any fee). ARM has got their own technology and patents. No need to absorb IMG. This leaves China. And China snatches things cheap. Look at recent SEPU T/O by Hytera. Happy to hear others' views.
"I haven't done anything but state the facts." Could you also clear up the other part of your "learn" where you mentioned a " fierce takeover battle". Do you have named sources confirming competing bidders?
Yes I see. So the point of the analogy was not the one you made, but is in fact to do with unlikeliness. Yes I agree that a bid from Apple is unlikely.
"Learn = do not believe unnamed sources especially when in fierce takeover battle" You've drawn an analogy between two scenarios in order to highlight their common point of being "unlikely", but then "learn" something quite different which only applies to one scenario, and does not derive from the analogy. Presumably your point is "unlikely things sometimes happen", rather than "don't trust unnamed sources", otherwise why use the analogy? In any case, this isn't akin to the cricket match. England wanted the unlikely event to occur. Apple have a large cash pile and could have bought uncontested if they wanted to. They decided not to last year. They have deliberately created this situation of where they can only bid competitively, and where they'd have to justify their contrary behaviour to their own shareholders and to regulators. If England didn't turn up for the match and said they'd rather play by themselves, I'd question their desire to win.
Imagination Technologies stormed ahead Yesterday after Liberum gave credence to weekend rumours that the troubled chip-maker was being eyed by a Chinese private equity outfit. Shares rose 5.6 per cent, or 7.75p, to 146p. Keep the good news coming. good luck all.
It's sent the price up but pretty ambiguous news - we were already expecting interest from China, albeit not necessarily this specific source. ARM have ruled themselves out as a bidder now, along with Apple, and Chinese bids may hit some resistance from the UK "government" (as they have in The United States, Germany, and Australia according to this article: http://fortune.com/2016/11/28/chinese-government-canyon-bridge-chip-maker/) Can't fathom what speculation of £2+ is based on - the article doesn't even know which part(s) of the business is being discussed, let alone the price. If the Chinese government is backing Canyon Bridge Capital Partners, won't that intimidate any other potential Chinese bidders? Isn't it rather 'interesting' that Tsinghua Unigroup, who took a 3% stake in May 2016, are also backed by the Chinese state?
That's big news. Once the bidding starts we will surely see £2+ here v quickly.
. . . is being labelled, 'the Iphone killer' . . . and suggesting that in the not too far distant future all Iphones will be destined for the recycle bin! The talk is of a small company supplying the bits[ie chips, as ARM and others do] to the actual makers! 'The Iphone Killer' . . . seems to be an enhanced personal AV 3D device, enable everything 'Iphone do'able' in 2D, do'able in 3D that only you view - is my best description ie today someone walks behind you talking not to you, but on the Iphone! This AV device [possibly enabled spectacles/ sunglasses] would enable you to manipulate various devices in a personal 3D world visible only to you ! Thus not only will people talk behind your back, they will also wildly gesticulate without rhyme nor reason there as well! Question: Is this a 'chip' that IMG have in their CV or are developing I wonder, and/ or may partially explain Apple's panic 'disinheritance' of IMG if not! PS. The chip developers were not named in the intro I part watched!
Whoever was about to flush seems to have fished it out and polished it. Imagine that.
Well it may be going down the pan....but if it is, it's going the prettier route first.
Does anyone ever read these forms? They can tell a story. They show who's been buying and who's been selling. In fact they show where the big boys are at. If you read them and study them you might see that someone opened a big short from 1.50 down to 1.35. Another of these forms might show that there was another player opening a long position from 1.45 to 1.35. So someone will be closing their shorts over the next few days weeks and someone might sell into that rise. Has the shorter stopped shorting? Well that depends on how big his short is doesn't it. My money is on a rise unless there's bad news. Read them...