Member Info for Midas3316

No Unless there is a huge drop again I don't think it is worth a gamble...too risky

Its done on spreads not buying actual shares.

I always get out too early....took 3% drop for £3k its down 4.5% now....typical

I'm too nervous for this one....out at 3%

I'm playing on spread.....£1k per p drop

Thanks its 112 now I will get my short

There are too many rampers telling people nonsense that this company has hope....

On the simplest view, Apple has indeed built a workable alternative to IMG's IP and so the Hertfordshire company's receipt of royalties from Cupertino, California will rapidly dwindle from the second quarter of 2019 at the earliest, Jefferies said, looking at the worst case where "survival, let alone value, is in question". This would imply losses of up to £65m as profit is deducted and while "IMG may be able to fight on patents", Jefferies suggested it may be a bargaining move, moving to a 'hold' rating and a price target of 95p after the shares collapsed from almost 270p to as below 86p at one point on Monday."In fact, we think it virtually impossible to build a model for the company without Apple revenue," the bank said in a short note.

WELL...It is dropping back now....down a couple % maybe I could

I think the takeover panel would have something to say. Making a share crash with the view to buying it cheaper wouldn't go down well. Apple have held the shares for over 10 years now. By holding a large amount that gave them the power to be involved in decisions by IMG. Which when working together was useful but now ?

Even before this huge bombshell the company wasn't doing that well. It was once a BILLION pound company in the FTSE 100. It had already lost more than half its value over the last couple of years after huge falls in revenues and huge losses each year. Then this happens. What's to like LOL. It is still good for day trading on the spikes.

I've given my views. What do you see happening with this in your opinion

I'm never abusive on here. Only when I receive abuse first. Check all my posts and you will find that. I've no position on this at the moment but I day trade shares in this sort of situation. All the ramping on here or on the bigger bbs wouldn't move this. It's still a £300m company.

Been busy for a while. So I take it they have the contract sorted now. Who was the big deal and how much ?

That's quite a drop....How many are you in for ?

Like I've said.... Myself included I've made money from the share tanking...IMO I don't see much of a future for IMG ...just good for maybe a short term gamble on a bounce

Some of my posts said exactly that yesterday. I read 7 reports from analysts---- that's professionals unlike myself. They all said the same.....Apple will get around it....if they cant...do you think IMG could battle like Samsung with $400million in costs ...Its a shame if Apple do get away with it....I'm pretty sure they wouldn't have dropped this bombshell without covering all their bases before making the announcement would they ?

Apple had previously changed its processor manufacturer from a joint venture with Samsung and TSCM to just TSCM to save on production costs. Which are currently $5 per iPhone to $4.60 per phone. This also caused controversy as they were using Samsung designs, but yet again got off with it after another quote of yes they are 90% similar but not exactly the same. The judge ruled in Apples favour again....A year after Samsung had already lost $400m fighting Apple...Apple was wanting to produce an iPhone for $150 that they retail for $650...they currently cost Apple $200 to produce.....The greedy...Bs

I'm no expert in IMG,,,,Maybe you are yourself.....Well no you mustn't be as you said £40million is not that big of a deal as Apple is covering it for the next year or two....Even with Apples £60millon a year they are losing millions....EACH year....Their debt is growing with Apples £60million a year....Take away that £60million a year and how much greater are their debts.....That's on top of the fact their revenues have decreased over 30% over the last couple of years even before this started....I can read a balance sheet...I'm not so sure you can x

I'm just replying to peoples questions. Which are often like you say repeated over and over. I have made a profit but still like to follow shares in case there is some news or things change, it then maybe worth buying or shorting depending on the situation.