VOX markets11 Aug 2016 09:57
oday’s stock is suggested by:
Draft
What’s the name AND ticker symbol (include both please) of the company?
Immedia (IME)
What does the company do?
Creates brand fans by using audio for corporates, fans, workforce and education. Provides wide range of digital content to big brands.
How many shares does the company have in issue?
Only 14.57million , tightly held, hardly any free float
What’s current price AND market capitalisation (it has to be less than £100m) of the company?
37p, 40p on the ask
Mcap £5.3million
What revenue and profit /loss does the company generate?
£2.4million, break even profits
How much cash or debt does the company have?
Debt free. About 350k in cash. £175k in audioboom shares up for sale
List three reasons why you think this company has potential.
1. New and longer 5 year contracts just won. Was already supplying bmw, TOPSHOP, hair salons, ikea. New wide reaching tech also won contract with BT just now. Hsbc in store music extended to five year contract. Just won subway deal to supply not only audio but also the equipment to support subway franchisee. The contract could be worth at least £400k a year.
2. Now debt free and book shares for sale valued at £175k. Can easily swing into profits now due to subway deal and sale of these boom shares.
3. Iconic owner Bruno Brookes, last RNS said ” news to come soon about further contracts”, already gained a connection to a new retail global contract via subway deal. This is due to be announced. A new NED is being sought who can hopefully add value. Bruno says he wants to create substantial value for all shareholders. Very much under the radar this share and may start to attract institutional investor interest. Also no risk of exposure to commodity prices in this stock so would diversify portfolio.