Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Excellent year end trading update ahead of expectations.....EBITDA is over 30% ahead of last year:
Https://uk.advfn.com/stock-market/london/imimobile-IMO/share-news/IMImobile-PLC-Trading-Update/79627498
Great cash conversion at 90%. And the outlook couldn't be better:
"We enter the new trading year with strong momentum and are confident in delivering continued organic growth across all parts of the business."
Thanks for the update Rivaldo, always appreciated. Will you be posting your thoughts on the IQE results? Good luck with all your investments.
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/imiconnect-available-on-salesforce-appexchange/201903200700113586T/
"IMImobile announces availability of its enterprise communications platform IMIconnect on Salesforce AppExchange
IMIconnect's AppExchange app enables Salesforce users to automate two-way customer interactions across 10+ communication channels
IMImobile (AIM: IMO), the global cloud communications software and solutions provider today announced the availability of its enterprise cloud communications platform IMIconnect on Salesforce AppExchange. This can enable businesses utilising the Salesforce Platform to rapidly launch and orchestrate two-way, trigger-based customer communications, across 10+ communication channels including SMS, WhatsApp, Apple Business Chat, In App and Push, amongst others.
The IMIconnect for Salesforce App will augment the existing customer interaction capabilities of Salesforce Service Cloud, Sales Cloud, Commerce Cloud and Field Service Lightning to enable proactive customer engagement and reduce the cost of serving customers across touchpoints. Enterprises will be able to automate communications, such as order and delivery notifications for retailers, engineer appointment bookings for utility providers and customer welcome journeys for mobile operators, among many others, with ease of integration into Salesforce.
etc"
SCSW updated on IMO in their March'19 issue, and enough time has now passed to paste it here:
"IMImobile
(Sharewatch) A long standing overhang in IMImobile’s shares finally went with Gresham House picking up the slack and taking its interest from 6.1% to 9.9%. Well played to them - they were the ones who knocked the shares off their highs by reducing their holding from 14.5% last year.
Broker Panmure notes all geographies are performing well with healthy double digit organic growth with the exception of the Middle East & Africa (c.15% gross profit) where now that IMImobile has zeroed its Nigerian exposure, organic growth should pick up in the year starting April (Panmure expects >7%). At the same time, a new CEO has been appointed in the US market to consolidate the three mobile communication platform providers acquired in the past 18 months. Buy."
Been away on hols, but not at all surprised to see IMO recovering nicely.
I think that, as well as the recent market volatility, a few institutional and other investors were spooked by GHT's sell-down in autumn'18.
Which makes GHT's 22nd February RNS that they've increased their stake back to almost 10% (from just 6.1%) all the more interesting.
Very good news - £6m deferred consideration due on the high-performing Healthcare acquisition has been reduced to £2.5m payable immediately.....
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/early-settlement-agreement/201902110700055637P/
Excellent - Canaccord initiate coverage - they say Buy with a 310p target:
Http://investing.thisismoney.co.uk/broker-views/
The NED has just bought £182,000 of shares at 213.88p....
https://www.investegate.co.uk/imimobile-plc--imo-/rns/pdmr-dealings/201901250847011230O/
And also Liontrust are continuing to buy - they now have 21.39%, or 13.98m shares, so they've bought another 640,000 shares or so since their last recent disclosure:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201811221510012535I//201811221510012535I/' target='window'>https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201811221510012535I/</a>
Nice tip for IMO in yesterday's Times as a UK tech stock to buy:
Https://www.thetimes.co.uk/article/try-a-taste-of-uk-tech-stocks-as-faangs-lose-their-bite-xdpmtwmht
"Imimobile
This cloud software company based in London creates products that enable companies such as BT, Pizza Hut and banks to communicate more effectively with their customers through mobile and digital channels. Victoria Stevens, a co-manager on Liontrust’s UK Micro Cap fund, says: “Despite its relatively small size — £200 million market capitalisation — Imimobile is truly global, stretching from the Americas to Europe, the Middle East and Asia. As well as robust organic growth, the company is also growing by acquisition.”
Whitman Howard have issued a new Buy note, with a 343p target - here's a summary:
"Interim Results in line
IMImobile interim results were in line. Revenues were up 26% to £67.2m (2017: £53.1m), this is 15% organic growth. Gross profit was up 18% to £29.2m (2017: £24.7m), 3% organic or 10% organic excluding impact of MTN. Adjusted EBITDA up 35% to £7.7m (2017: £5.7m). Adjusted cash generated from operating activities of £6.1m representing operating cash conversion of 80% (2017: 100%). Net debt at 30 September 2018 was £9.3m (31 March 2018: net cash £4.3m). IMO expect full year results to be in line with management expectations. We retain our Buy rating and PT343p.
IMO is the leading player in Enterpise CPaaS (Communication Platform as a Service) in the UK and this is demonstrated by numerous multi-year new contract wins with large enterprise clients in the banking, utilities, retail and logistics sectors
Gross profit for Europe and Americas was £20.3m (2017: £13.8m), which is 70% of gross profit half year, growth of 48% YoY. Organic growth was 21% with additional growth from the acquisitions of Impact Mobile in July 2018 and Sumotext and Healthcare Communications in the previous year. H1 was a good period for blue chip UK client wins. This list includes Npower, and logistics provider, Hermes. This exemplifies IMO strong position in the Enterprise space. The acquisition in July of Impact Mobile expanded the business in North America. There are many revenue synergies between the businesses.....
....Gartner has recently defined the IMIconnect platform as CPaaS (Communications Platform as a Service), a cloud-based middleware on which you can develop, run and distribute communications software. The platform offers APIs that simplify the integration of communications capabilities into any app, service or business process. According to IDC The CPaaS market is forecast to grow from $2bn in 2017 to $10.9bn in 2022.
We are not making any material changes to forecasts."
Very satisfactory and in line numbers this morning, with IMO confirming that they expect full year results to be in line with expectations.
IMO are set for 17.3p EPS this year, rising to 21.5p EPS next year.
IMO will therefore soon be on a P/E of only 13.9 - not bad for a business showing 40% adjusted PAT growth.
I note that the 3rd July acquisition of Impact Mobile is expected to be "immediately significantly earnings enhancing".
And there's been another acquisition this week which wasn't formally announced on RNS - IMO paid $1.5m for "the trade and assets of Express Pigeon, a US-based email marketing platform provider".
A shame about the fall in revenues from MTN/Nigeria - but this makes the H1 performance even more creditable, and IMO are certainly grabbing global business elsewhere.
There's large adjustments to get to the statutory numbers, i.e £3.1m of depreciation and amortisation and acquisition costs, which are fair enough, plus large share-based payment charges, and a huge tax charge which for the moment I can't see a formal explanation for (perhaps the large dep'n/amortisation is the reason).
The outlook statement is very confident, and I'm happy to hold for continued company and sector growth:
"The Group has continued to perform well, both on a financial and operational basis. We have a strong position as market leader in the UK, Canadian and South African markets and have seen numerous, multi-year new contract wins in the UK across our core sectors. We are pleased that we have seen 18% organic growth in gross profit from monthly recurring revenues, excluding the known headwinds created by MTN. I am also pleased with the improved operating leverage from past investments made in partnerships and R&D.
The technology and consumer landscapes are evolving as anticipated and given our leading positions in certain markets and sectors, we expect to continue to benefit from these changes in the near-medium term. We have had a strong start to the second half and remain confident about the Group's prospects for the full year. We expect full year results to be in line with management expectations."
New contract with Hermes re IMIconnect:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/hermes-enhances-parcel-delivery-experience/201811140700042415H/
"Hermes digitally enhances parcel delivery experience with IMImobile
Parcel delivery provider to use IMImobile's communications platform, IMIconnect, to orchestrate digital customer engagement
Global cloud communications software and solutions provider, IMImobile PLC, has been chosen by Hermes for the implementation of its new parcel notification strategy as part of their 'Digital Futures' programme. Hermes will be using IMImobile's enterprise cloud communications platform, IMIconnect, to power millions of delivery notifications each month on behalf of their retail customers.
IMIconnect enables customer experience automation for millions of deliveries that are processed every year by Hermes. Customer journeys built in IMIconnect currently include returns management; geo fencing, which provides customers with the ability to track their driver as well as 'SafePlace' photo. This provides consumers with the added confidence that their parcel has arrived even if they are not at home.
etc"
Catching up after hols - Liontrust have increased to 20.41% (13.33m shares) from 12.72m shares per their last disclosure, so that's another 600,000 shares in their kitty:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201810260902353087F/
And the interims notice of results notes announcement on 20th November, with no problems mentioned - the outlook from the last prelims was rather bullish:
"The 2019 financial year has started well with trading in line with expectations. We continue to have good earnings visibility due to our established client relationships, healthy pipeline of new deployments and high proportion of recurring customer revenues."
Positive stuff yesterday on Techmarketview re the Apple tie-up:
Http://www.techmarketview.com/ukhotviews/archive/2018/10/16/imimobile-makes-smart-move-with-apple-business-chat
"Tuesday 16 October 2018
IMIMobile makes smart move with Apple Business Chat
While TechMarketView has long been a critic of the Government’s initiative to roll out smart electricity meters, see Smart Meter Madness (10) and work back, it is good to see that suppliers are doing what they can to improve the customer experience for those who are looking to switch to a smart meter.
One of the largest energy providers in the UK, npower, has become IMIMobile’s first client on Apple Business Chat, a new service for consumers to connect directly with businesses using the Messages app on Apple devices. Customers will be able to access rich media messages informing them of the benefits of a smart meter and how to switch. npower will also be able to elicit feedback via surveys to improve its service to customers.
The addition of Apple Business Chat is another string to IMIMobile’s bow as it enables a wide range of utilities and financial services companies to transform customer journeys. It can also short-circuit the legacy and organisational problems of established companies as they move to deliver joined-up and end-to-end processes over multiple contact channels. IMIMobile has been making rapid progress, with strong results for the year to March, further acquisitions and consistent investment in its cloud software platform. The addition of Apple Business Chat should provide further momentum."
Good to see a bounce starting....
And IMO have another large institutional investor - Merion Global Investors have just gone above 5% with 3.38m shares:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201810091445044613D/
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/apple-business-chat-offered-to-customers/201810020700135940C/
"IMImobile offers Apple Business Chat to help clients connect with customers wherever they are
IMImobile (AIM: IMO) today announced its customers are now able to use Apple Business Chat, a new way for users to communicate directly with businesses using the Messages app on iPhone and iPad.....
..... Businesses that use IMImobile can easily sign up to try Apple Business Chat beta." said Jay Patel, Chief Executive of IMImobile...
....Apple Business Chat is now available to users and businesses in Australia, Canada, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, UK and US, and is built into iOS 11.3 and higher
great run
SLIP X
Https://imimobile.com/capitec-bank-selects-imimobile/
"5th September 2018
Capitec, South Africa’s fastest growing bank, selects IMImobile to deliver all automatically generated client communications
London, 5th September 2018 – IMImobile, a cloud communications software and solutions provider, has been chosen by Capitec Bank – South Africa’s fastest growing bank – to deliver a centralised client communications hub in order to deliver a more personalised digital banking experience across its base of more than 10 million clients.
IMImobile delivers marketing communications across SMS, email, app push notifications, telemarketing, and direct mail. Using IMIcampaign – IMImobile’s market-leading integrated campaign management solution – Capitec can create, manage and deploy interactive mobile-first client communications. IMImobile will deliver critical communications to Capitec’s clients when opening new accounts, share digital bank statements and amend account details.
Capitec will also employ IMIconnect, IMImobile’s enterprise-grade communications platform, to speed up the delivery of new innovative banking services. IMIconnect’s visual workflow builder allows the design and launch of omnichannel customer journeys such as credit status checks, account and transaction notifications and surveys in a low-code environment, communicating easily between existing business systems and processes.
Francois Viviers, Executive Marketing & Communications of Capitec Bank said “At Capitec, our mission is to help clients improve their financial lives. We guide and assist our clients to transact, and financially interact with the world as it evolves. Delivering personalised communication, especially across mobile and digital communication channels, is hugely important to us and our clients. We are pleased to work with IMImobile, a partner with proven experience and track record in the financial services sector and look forward to delivering greater personalisation for our clients.”
Jay Patel, Chief Executive of IMImobile commented “We are pleased to have been selected by Capitec to deliver a centralised communications solution. Using IMIconnect and IMIcampaign, we are able to deliver mobile-first marketing innovation at scale to ensure Capitec clients receive the right communications, at the right time, and with the right level of personalisation. We look forward to working in partnership to help optimise the client and customer service experience.”
IMImobile offers a scalable enterprise-grade technology as an established leader in mobile customer interactions. IMImobile was recently recognised in Gartner’s first Magic Quadrant for Mobile Marketing Platforms as a specialist vendor that provides mobile-first capabilities in the enterprise marketing technology stack for midsize or larger enterprises seeking to deploy a mobile-centric marketing strategy."
The increased liquidity and clearing of the Gresham House stake is helping things along nicely.
Good to see industry award recognition for IMO:
Https://imimobile.com/imimobile-wins-innovator-award/
"News / 29th August 2018
And the winner is… IMImobile wins ‘Innovator’ Award at NICE inContact DEVone Partner Conference
Businesses are always trying to win and retain customers. Today, customer experience is one of the highest rated criteria for consumers when buying goods or services. Contact centers, the frontline of customer engagement, have become a crucial part for enterprises to deliver and differentiate their customer experience and service strategies.
At the annual NICE inContact DEVone Partner conference in Salt Lake City, Utah, which was attended by more than 350 partners and NICE inContact employees, IMImobile was named a winner of the DEVone Partner Award in the ‘INNOVATOR’ category. IMImobile has been recognized for developing products that deliver great CX and are easy to integrate with NICE inContacts’s CXone cloud platform. Products such as IMIbot, IMIchat and IMIconnect – available via the CXexchange Marketplace – help NICE inContact customers integrate digital messaging channels, deliver omnichannel chat services and drive intelligent automation....
....How we help transform contact centers
IMImobile helps enterprise clients to accelerate the process of digitizing customer engagement, enabling them to provide instant, low-effort automated resolutions and personalized interactions on the channels their customers use every day. Leading enterprises are using IMImobile’s cloud-based software solution to:
• Lead with a messaging-based experience by integrating digital messaging channels into their customer service strategy, i.e. SMS, webchat, email, Facebook Messenger, Twitter, etc.
• Create a new frontline for contact centers using AI-chatbots to automate FAQs, enable self-service and increase proactive resolution.
• Deflect voice traffic to cheaper communication channels – some clients have seen a reduction in operational costs by 20%.
• Improve agent productivity by providing a blended omnichannel chat environment – agents can have up to six messaging-based interactions simultaneously.
• Create, manage and deploy automate customer journeys across legacy systems and business processes 10x faster.
• Improve customer satisfaction ratings (CSAT/NPS) and first contact resolution whilst enabling cross/up-sell opportunities.
etc"
Looking strong - much more to come if all goes well.
Nice move up. More new highs soon hopefully.
Liontrust are very keen indeed, as they've heavily increased their holding to 19.5% (from 13.4%), with 12.7m shares:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201808161816270882Y/
Nice - looks like Gresham House have finally taken some profits, but the 4m shares have easily been taken up by new holders via two trades at 320p reported yesterday:
Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201808161410580575Y/
It'll be interesting to see who the new holder(s) is/are. Great to see what might be perceived as an overhang cleared so easily.