Imimobile Share Price (IMO)

IMO were featured in the Telegraph's Questor column recently as they're one of the investments in its IHT portfolio:

Https://www.telegraph.co.uk/investing/shares/questor-excellent-results-shares-17pc-since-april-going-lg/

"IHT Portfolio update: IMImobile

IMImobile, one of our most successful tips, has recently announced full-year results and a new acquisition. The results read well: sales rose by 28pc to £143m, adjusted pre-tax profits rose by 36pc to £13.7m and cash generation was strong. Meanwhile the acquisition of 3CInteractive, an American firm, has been well received by investors.

Tony Dalwood of Gresham House, which has a large stake in IMImobile, said the deal took it “a big step forward into an important new market”.

He added: “It gives the firm a platform to grow there; it’s the last piece of the jigsaw globally. Over the past two years it has become a materially larger business.” Mr Dalwood acknowledged that takeovers involved “execution risk” but said the firm had a record of success.

“The US can have a different business culture but in our view there is little reason to worry at this point. The deal was struck at an attractive price for IMImobile.” He pointed out that there had been a lot of acquisition activity in the sector recently and IMImobile could start to attract attention, although it was “doing very well as a standalone entity”."

Good news whilst I've been away on hols. The acquisition looks a very smart strategic move into the USA, funded partly by a placing at a good price too.

Happy to hold and top up at the right time.

Nice review on Techmarketview:

Http://www.techmarketview.com/ukhotviews/archive/2019/07/09/imimobile-delivers-vauxhall-win

"Tuesday 09 July 2019
IMImobile delivers Vauxhall win

More good news from cloud communications software provider IMImobile with vehicle manufacturer Vauxhall choosing the firm to launch Apple Business Chat. Vauxhall will use the solution to provide customer support and book test drives for new models.

We have seen lots of positive stuff coming out of IMImobile over the last year or as the company extended its portfolio and geographic reach (see here), translating into strong growth evidenced in last week’s full year results.

One of the main drivers has been strong demand for customer experience (CX) propositions that help organisations consolidate customer communications and deploy a consistent comms strategy across channels and platforms. And it’s here that car manufacturers are increasingly competing around the quality of their CX as they look to differentiate their offer and make their brands ‘stickier’. The Vauxhall win is a good example of this and will allow customers who are Apple device users to communicate directly with the business via the Apple Messages app no longer needing to call a contact centre - all very Millennial friendly.

With products like this that address and automate comms and CX, IMImobile is operating in a growth area with an offer that customers want to buy."

Good news today, with Vauxhall Motors using IMO's platform to launch Apple Business Chat for its customers:

Https://www.investegate.co.uk/imimobile-plc--imo-/rns/vauxhall-launch-apple-business-chat-with-imimobile/201907090700108592E/

"Vauxhall launches Apple Business Chat with IMImobile

Car manufacturer to use Apple Business Chat to provide customer support and book test drives for new car models

IMImobile (AIM: IMO), the global cloud communications software and solutions provider, today announces that one of the UK's largest car manufacturers, Vauxhall Motors, is using Apple Business Chat via its enterprise communications platform to connect with their customers. Apple Business Chat provides a new way for users to communicate directly with businesses using the Messages app on iPhone, iPad, Mac and Apple Watch.

etc"

Techmarketview couldn't be much more positive:

Http://www.techmarketview.com/ukhotviews/archive/2019/07/02/imimobile-continues-upward-trajectory

"Tuesday 02 July 2019
IMImobile continues upward trajectory

Full-year results out today from cloud communications software provider IMImobile confirm the business remains on an upward trajectory.

We have seen lots of positive news coming out of the company over the last year or so (see here, here and here) which is translating into strong growth. Revenue for the year ending 31st March increased 28% to £142.7m (2018: £111.4m) of which 17% was organic, whilst EBITDA increased 35% to £18m (2018: £13.4m).

IMImobile has been making solid progress both tactically and strategically with a customer experience proposition that helps organisations consolidate their customer communications and deploy a consistent comms strategy across multiple channels and platforms. Driving the growth on the tech side of things includes new channels for WhatsApp for Business and Apple Business Chat for its cPaaS (Communications Platform-as-a-Service) product, plus commercial and technical progress with partners such as BT, KCOM, Salesforce and NICE inContact.

Also underpinning growth were at least a couple of other things – firstly, the company is getting more revenue out of its customers, increasing to 40 (33 in FY18) the number of client’s worth more than £500k p.a. and to 83 (43 in FY18) those with revenue between £100k and £500k p.a. Secondly, the business has been making good progress overseas having intensified its North American focus in particular.

With products and services enabling businesses to launch and orchestrate two-way, trigger-based customer communications, across multiple channels, for more personalised, real time interactions, we continue to see IMImobile as well placed and succeeding within a growth market."