RE: possible placing around 2.5p18 May 2016 17:45
well, the RNS re speculation
leaves it open how much it's
about growth, and how much
keeping the wheels turning.
i.e. the phrase used was: "... Board of Imaginatik confirms it is
considering raising equity capital for working capital and expansion..."
.... so at present there is no clarity what % is for
expansion, vs what % is just for working capital.
(obv., BoDs prefer not to just say 'working capital'
if they can avoid that wording, nomad permitting)
yes, order book will be interesting to see, agreed,
as also will be a good look at recent cost control.
but i suspect the flippers who will end up funding
much of this will simply care about the discount
they are offered rather than more fundamental
prospects, simply 'cos that's the sad current AIM
market in general, rather than specific to IMTK.
certainly looks like potential funders weren't persuaded
that the recent mid/upper four prices were a safe and
sound base from which to calculate their discount prices.