The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
That looks like a trade between Market Makers to me. The key being a trade at exactly the mid-point. All the same, heavy trading yesterday
There's often little in the way of reason why an individual share price falls: today the whole market is falling, it may be that coupled with people selling ALS on a stop-loss basis. Lemmings come to mind. Those folks who bought at 85p+ must be feeling a bit sick right now. I bought at an average of 33p, so still happy with my paper gain and not upset at crystalising a profit when I could have sold at 85p. As @Scoobydoo321 points out, deep pockets are generaly good at due diligence.
Good news indeed. I managed to buy a parcel of 12,000 shares while the Market Maker's Margin was only 7.3%: it's back out to 22.7% again. The bid price has been unchanged for days: that may improve if the buying continues, but at MMM=22.7% that's liable to dampen enthusiasm. I'm in for the long run on my holding rather than expecting a quick profit.
Adammark's analysis is flawed: a 10% threshold is a moving target. In Imaginatik's 2003-2004 year a new deal of £58k annualised value would have triggered his suggested 10% action point. Using 10% of current revenues, a new £335k deal would be needed to trigger an RNS: £58k is presumably just 'business as usual'. A £335 deal in 2003-2004 would have been an extra 57% revenue. It is perhaps reasonable to expect less contract win RNSs as the company grows, and total absence can be explained by all new contracts being below the 10% trigger point.
@ Ruga ... it might have cost a lot more when those 1,000 shares were bought. It could be somebody bailing out, or it could be an executor winding up a deceased relative's estate. Sad either way.
Hi Spikeyj: There is always a basic performance criteria on all stock options: the share price needs to be above the exercise price to have any value. It may also be as well to consider that all existing stock options are probably 'underwater', and that the all the previous stock options issued to staff from the floatation onwards have not had any value by the time the intitial two year wait period has elapsed. As a staff incentive and retention vehicle it's probably not done a great job, and those of us who do hold IMTK shares should want these options to have that effect: that's what is in our interest.
@tylidan: Hargreave Hale is what I think is referred to as a 'proxy account'. The increase holdings are going to be private clients (such as myself) and I think funds like Marlborough UK Micro Cap Growth.
Let's say RT/QPE *has* stopped trading, meaning neither buying nor selling. I agree with that, as I'm not seeing what I think are his typical trades, but more importantly no RNS. hope4thebest asks 'why?'. Let's speculate that benjaminvh1 is exactly wrong: that IMTK *have* briefed him on the fund raise. That would make him an insider, and my understanding is he would be *prohibited* from trading. In the absence of sanctions, an insider might sell at 3.5p and buy back at 2.5p. This seems to me to be a fairly rational explanation for the (apparent) inaction by RT. While I cannot think of any other right now, please take into account this is RT, and his game plan could be otherwise than any of us could guess at. Consequently, if RT has been briefed as I'm exploring here, then my speculation is that he may be intending to pick up a parcel of shares at the discount. The answer to our questions and speculations will perhaps be a series of RNS releases if existing larger holders of IMTK move across a reporting percentage threshold because of dilution, or taking up the new shares above pro rata. The absence of an RNS regarding RT/QPE, Matt Cooper or others will mean they did buy into the fund raise at close to pro rata.
Looking at yesterday's trades, and recognising what I think is RT's style, upto 950,000 could be buys by him. Assuming he / QPE didn't retain anything from the off-load, then that puts RT just over 1%. Today's trades so far are people jumping on the band wagon. I cannot get a price on even a small buy, but could sell 90,000 @ 2.35p: so it looks like the MMs are suddenly short.
So QPE transfers IMTK holding to QPT @ 7.7p when the market price was ~5.2p. That means the QPE has booked a nice profit, but now has any further sp movement off its books. Speculation: has RT lost interest in IMTK? A number of RT's statements on his plans in respect of IMTK had multiple caveats. Without saying which, is RT perhaps flagging that at least one of those caveats were not met? People with a short term interest in IMTK will be disappointed that RT is no longer buying IMTK shares, driving the sp up the the giddy heights mentioned in postings. People with a longer term interest may think that IMTK is already heading towards profilitability and does not need, nor want, ongoing interest from RT. Spikeyj: thanks for posting the youtube link.
Checking the RNS reports and extracting the gross revenues for the last 3½ years, it's been trending upwards over the last two years. DYOR on what the projections might mean if 2015-16 H2 income increases over 2014-15 H2 at the same rate as H1 for the two years. 2012-13 H1 £1,500K; 2012-13 H2 £1,509K; 2013-14 H1 £1,512K; 2013-14 H2 £1,387K; 2014-15 H1 £1,472K; 2014-15 H2 £1,864K; 2015-16 H1 £1,960K.
Is that real?
http://www.pressreader.com/uk/daily-mail/20150925/283107067823535/TextView also http://www.independent.co.uk/news/business/news/quindell-bosss-stake-building-leaves-tech-minnow-in-the-dark-10515044.html Notes: Matt Cooper is not a founder of Imaginatik. I'm not sure what the relevance of "on the fringe of a golf course" is either.
I've just bought another parcel @ 6.68p ... will show up shortly.
Hi rylidan: I just got a quote at 6.9999p for buying 14,500 shares. Try again perhaps?
Those two late in the day trades on Friday, each of 125,000 shares look odd. The price is not the mid-point, so I don't think that they're inter-MM transfers. Given the large amounts and below the ask, could these be records of sales by two large holders direct to QPE?
I thought that the "Market Size" figure (10,000) was the number of shares that the MMs were obliged to trade at. If not, what does it mean?
For the time being at least, RT seems content for the SP to trade in the range 6~9p: RT has stated that he is aiming at a 100% profit on his holding, and has set a target price of 20p. To acheive that (100% profit at 20p) he has apparently placed an upper limit of 10p on himself. His strategy seems to be to soak up any slack until 9p, then let it drift down to 6p again, then repeat the cycle. At some point RT will decide all the slack is taken up then switch strategies, and push for at least 20p. That is predicated on either a neutral or positive response from the IMTK board to RTs proposals: by mid September we could see the SP either at 26~27p or back to 2.6~2.7p. Caveat emptor: DYOR.
Some factors to consider with the meandering of the IMTK SP: 1 there is more than one MM and while they are competing with us, they may also be competing with each other. 2: there is more than one market, and in this forum we are seeing only one market: there may be massive contra-trades in another market not visible here that influence the SP. 3: perhaps the large end of day at par 'trades' are the MMs gentlemans agreement to make up a short in their position. 4: IMO this forum is incorrectly reporting RT/QPE trades in director holdings section.