Brian Goodman, CEO of Golden Matrix Group Inc. explains how they stay one step ahead of their rivals. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksImagination Technologies Group Share News (IMG)

  • There is currently no data for IMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Imagination Technologies boosted by Numis upgrade

Wed, 07th Dec 2016 09:55

(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results.The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% in the first half. The group returned to profit with earnings before interest and tax up 65% to £12.2m as it slashed costs.Chief executive Andrew Heath said the restructuring programme, which was initiated last February, delivered £27.5m of cost savings.However, underlying royalties were down as expected, hurt by continued volume declines at Apple.Numis highlighted the company's outlook which stated the business is on course to deliver an underlying trading performance for fiscal year 2017 in line with expectations, supported by a strong US dollar.The broker upgraded its 2017 EBIT by 8% to £28m from £26m and earnings per share to 7.6p from 7.3p."We continue to value on SOTP (sum of parts analysis) which at current foreign exchange rates has moved to 310p per share from 280p and upgrade the target price accordingly."Shares rose 1.77% to 244.75p at 1016 GMT.
More News
2 Jan 2020 07:37

Apple inks licensing deal with Imagination Technologies

(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.

Read more
19 Mar 2018 15:03

Total renewables unit targets Africa's power-starved mining sector

By Joe Bavier ABIDJAN, March 19 (Reuters) - Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant in the of

Read more
12 Mar 2018 14:35

CANADA STOCKS-Toronto stocks edge up, following global markets higher

March 12 (Reuters) - Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shares and gold producers

Read more
9 Mar 2018 21:24

UPDATE 1-CANADA STOCKS-TSX ends higher alongside global stocks, oil, metals

By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index closed higher on Friday, lifted by strong gains in oil and metals

Read more
7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

Read more
6 Dec 2016 08:17

Peter Hill to chair Imagination Technologies

(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is

Read more
29 Sep 2016 11:56

Broker tips: Imagination Technologies, Babcock, Sainsbury's

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

Read more
29 Sep 2016 10:31

Numis cuts rating on Imagination Technologies to 'add' from 'buy'

(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt

Read more
29 Sep 2016 08:27

Imagination Technologies sells Pure digital radio business for £2.6m

(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also

Read more
12 Aug 2016 08:29

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Tullow Oil To Buy

Read more
10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

Read more
10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

Read more
18 Jul 2016 15:55

LONDON MARKET CLOSE: Stocks Given Helping Hand From ARM Takeover

Read more
18 Jul 2016 09:38

WINNERS & LOSERS SUMMARY: ARM Takeover Also Lifts Imagination Shares

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.