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Imaginatik proposes fundraising to strengthen balance sheet

Wed, 25th May 2016 17:18

(ShareCast News) - Imaginatik shares fell on Wednesday after the software company proposed a £2.1m fundraising to boost its balance sheet.The group will raise the funds by placing 63,263,520 new ordinary shares worth £1.6m and an open offer of up to 21,277,896 new ordinary shares worth £0.53m.The company said the proceeds will be used to strengthen the balance sheet and fund business development investment costs."These funds will enable Imaginatik to capitalise on the growth achieved in the last financial year and the underlying progress within the business," said chairman Matt Cooper.Shares closed down 8.33% to 2.75p.
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28 Apr 2010 11:24

Small caps round-up: OMG, Oakley, Noble...

Oxford Metrics Group (OMG) rallied Wednesday after the image technology company flagged half-year revenue of £14.4m and predicted a pre-tax profit ahead of the market's current forecast for the full year. The firm says it is in "robust financial health", which pleases Daniel Stewart. The broker poi

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10 Mar 2010 16:52

Experian non-exec improves his finances

Experian non-executive director Roger Davis has raised just over £700,000 from the sale of shares in the credit checking firm. Davis sold 110,199 shares at 638.5p each. This leaves him with 110,000 shares in Experian. Davis joined the Experian board at the beginning of 2007. He has an army backg

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4 Mar 2010 15:03

Imaginatik slumps on revenue warning

Software firm Imaginatik has lost a quarter of its value after warning full-year revenue will be "significantly" lower then expected due to the timing of certain contracts. The company said turnover for the year ending 31 March 2010 should still be marginally ahead of last year's £4.58m. It lost £6

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22 Feb 2010 11:21

Small caps round-up: GoIndustry-DoveBid, Sky High, Stadium...

Shares in GoIndusty-DoveBid, a company that helps industrial firms to sell their assets, jumped after it said results for the year to 31 December should be in line with expectations. 'After a difficult first half of the year, in the second half of 2009 the business traded profitably (adjusted pre-t

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11 Dec 2009 16:55

London close: Modest gains for FTSE 100

Footsie finished the week with modest gains as miners rallied following strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK economic news, factory ga

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11 Dec 2009 14:30

London afternoon: China data lifts miners

Mining stocks are more than offsetting losses on banks, as metal prices pick up following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK eco

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11 Dec 2009 07:37

Small caps round-up: Inland, Imaginatik, Judges Scientific ...

Brown land developer Inland has completed the sale of its site in Horsham, West Sussex for about £900,000, an existing property in Watford and a small brownfield plot in Mill Hill for a total sum of approximately £900,000. These disposals achieved free cash of £1m after repayment of the associated

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9 Oct 2009 09:19

Small caps round-up: Quintain Eastates, Daisy, Vyke...

Property developer Quintain and its joint venture partner Lend Lease Europe have sold the 999 year lease of the Millennium Dome, for £24m to Trinity College, Cambridge. As a 49% shareholder in the Dome, which is now known as the O2 Centre, Quintain will get £11.8m which, together with other trans

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28 Jul 2009 10:41

Slow start to year for Imaginatik

Software firm Imaginatik fell back after it predicted a half-year loss following a slow start to the new financial year. "As with last year, the new financial year has started slowly with prospective clients continuing to be cautious in their commitment to spend," chairman Howard Marshall said in h

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17 Jun 2009 08:25

Imaginatik trims FY pre-tax losses

Software firm Imaginatik said it narrowed full year pre-tax losses, increased sales and is confident of a strong performance in the current fiscal year. The group posted a pre-tax loss of £102,000 for the year ended 31 March 2009 from a loss of £139,674 the year earlier. Revenue increased to £4.6m

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