Sunday 20 January 2019 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
VAST – having promised no more death spirals and then done one with no conversion notice within 30 days…….. WTF, Nomad Fatty?
Software business Imaginatik (IMTK) announced this morning that it had disposed of all of its assets and has sold its business, and pre-market open I saw a lot of people saying what great news it was.
AIM-listed former Rob Terry favouorite busted flush Imaginatik (IMTK) yesterday announced another placing, following hard on the heels of the last bailout and oversubscribed open offer of last month. I was very critical of the previous fundraise because is still, as far as I could see, left the company on the edge of insolvency. But with anther £250,000 in the kitty – and a contract also announced yesterday, is it time to change my stance of keep well away?
AIM-listed former Rob Terry favourite Imaginatek (IMTK) published its half year results to the end of September this morning – what a dog’s breakfast! Of course, the majority of the period was under the old management so as much as I would like to point the finger at new CEO Angus Forrest, that would be grossly unfair. Indeed, judging by the balance sheet he’s done very well to have kept the grim reaper at bay – and he nearly pulled off a dream proposal to bring the very saintly Vin Murria in….but that fell apart. The shares as I write are up just 10% at 1.375p in the middle, having peaked earlier in the day at 2.25p in an initial burst of enthusiasm. It looks to me like the market has taken fright at the balance sheet.
AIM-listed Imaginatik (IMTK) has beaten the odds and signed up a new Nomad to replace FinnCap which slipped out of the back door a month ago. Good news – and on deadline day too. And so WH Ireland steps up to the plate. We also learnt that the company got a placing away – at just 1.1p, plans an Open Offer and has signed up for a death spiral toboot. Great stuff – but I won’t be interested for now and here is why.
AIM-listed Vin Murria-reject and currently suspended (it hasn’t got a Nomad) Imaginatik (IMTK) has updated the market this morning on how things are going as it searches for a new Nomad and a new business.
Saintly Vin Murria having walked from a potential controlling equity investment and nominated adviser finnCap having resigned seeing the shares suspended, today a “Company Update” from Imaginatik (IMTK) commencing; “Since the company's announcement on 4 June 2018, the company's financial performance has improved”. Hmmm…
As avid readers of ShareProphets will know, we have been bearish on Imaginatik (IMTK) for ever – firstly for being a duff business, secondly for being a Rob Terry of Quindell infamy stock market darling and more recently because it was going to run out of cash. Despite all that, we almost tipped it as a short term play when the saintly Vin Murria was announced to be considering getting involved but were scared off big time by the share price reaction (the stock shot through the roof) and advised many times that readers give it a wide berth, partly because they would be over-paying and partly because Vin Murria could walk.
AIM-listed former rob Terry darling Imaginatik (IMTK) has announced that the deal to bring in Vin Murria is all off. The Nomad, finnCap, is – as it promised it would – resigning as from the end of today and the shares have collapsed by (so far) 76%. What’s not to like?
Shares in Imaginatik (IMTK ) are off by 10% today at 7.625p on news that Vin Murria will, if she goes ahead, invest in new shares to take a majority stake but at 2p, not at 2.5p. Still the price is nonsensical.
AIM-listed former Rob Terry stockmarket darling Imaginatek (IMTK) has been on a glorious run since it first emerged that Vin Murria might take the helm and use it as her new vehicle. Of course, that is really good news for Vin Murria walks on water, but 10p to buy? Surely you’re ‘avin’ a giraffe!
A “Result of strategic review and new funding” announcement from Imaginatik (IMTK). The shares have responded currently more than 40% lower, towards 0.60p. Uh oh…
Having on 1st February announced “Strategic review including formal sale process”, Imaginatik (IMTK) now updates…
Innovation technology and consultancy company, Imaginatik (IMTK) has announced results for its half-year ended 30th September 2017 – and, despite the inclusion of the likes of “the momentum seen towards the end of the period has continued through to the start of the second half of the year” and “the market opportunity for Imaginatik remains large and increasingly mainstream”, the shares are 18% lower towards 1p…
Innovation technology and consulting company Imaginatik (IMTK) has announced results for its year ended 31st March 2017, arguing “a year of good progress as we continue to position the business to capitalise on the growing market opportunity available”. The shares though are at a depressed 2p, so what’s the story?...
Previously writing on Imaginatik (IMTK) in April, I questioned the progress being made and attempted discounted fundraising ahoy? Last month there was a “Placing and Open Offer to raise up to £1.9 million” announcement and this week a “Result of Open Offer” announcement...
Having questioned at the weekend what’s with the radio silence, Tuesday saw Imaginatik (IMTK) provide “an update on trading for the year ended 31 March 2017”...
I previously updated on Imaginatik (IMTK) following results for its half year ended 30th September 2016. Those showed further underlying cash burn seeing cash to a low level, though noted recent improvement. However, I noted the company also stating it was now further “investing in our sales and marketing resources and technology suite”. Having released trading updates on 9th March 2016, 11th February 2015 and 14th April 2014, what about this year?...
Having fallen towards 1p after being above 5p as recently as May, shares in Imaginatik (IMTK) are currently recovering to around 2p on the back of results for the company’s half year ended 30th September 2016…
A trading update for the six months ended 30th September sees innovation software and consultancy company, Imaginatik (IMTK) “confident we have the foundations in place for future success”. Investors though don’t seem as confident – the shares currently remaining slumped at around 1.6p...
Provider of innovation software and related professional services to large and medium-sized enterprises, Imaginatik (IMTK) has announced results for its year ended 31st March 2016 and states it is “pleased with the growth achieved in the year and the underlying progress within the business”. The shares are though currently a further more than 6.5% lower, at 1.75p. Hmmm…
Rob Terry darling, AIM-listed Imaginatik (IMTK) has seen its shares slide by 32% (last seen) this morning, yet there has been no news issued by the company since 28 June when it was announced that Rob Terry’s Quob Park Estate had seen its holding reduced to almost 5%. Surely a statement is needed to explain the share price movement.
Having on 25th May announced a placing and open offer at 2.5p per share to raise expected gross proceeds of “approximately £2.11 million” and earlier this month the as-expected completion of the placing (for a gross £1.58 million), Imaginatik (IMTK) has now announced the result of the open offer…
Innovation-focused consultancy and software company, Imaginatik (IMTK) has announced completion of a placing it believes, together with an accompanying open offer, “will be sufficient to take the company to the stage where it is generating net positive cashflow”. Hmmm...
Having fallen back towards 3p following a couple of RNS announcements earlier this week, shares in Imaginatik (IMTK) are currently on the rise again. With this coming after the shares had slumped to sub 2p by the start of April before soaring beyond 5p by the commencement of May, the following reviews the goings-on here…
AIM-listed Imaginatek (IMTK) has just responded to Press Speculation - one assumes the Daily Mail story Rob Terry is planning a takeover - but pointedly failed to deny the story. Is Rob Terry about to launch a bid and return to the Casino? I though April Fool's day was last Friday....
Imaginatik plc (IMTK), the ‘innovation software and consultancy provider’, “is pleased to announce trading in the third quarter of the year was positive”, with Chairman Matt Cooper emphasising “this is another strong quarter of trading, marking a clear turning point in our revitalisation of Imaginatik… leading to a more secure financial footing and exciting prospects for the future”. Hmmm…
Imaginatik plc (IMTK) has made a “Director Loan” announcement – including that a remaining $60,000 of a $110,000 loan “has been repaid by the company in full together with all accrued interest”. However, there is more…
Shares in Imaginatik plc (IMTK) currently trade approaching 7% lower, at 5.25p, on the back of results for the company’s half year ended 30th September 2015. This is despite it being “pleased” to announce the results and “pleased with the progress Imaginatik is making”. Hmmm…
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Falkland Oil & Gas, Imaginatik, Madagascar Oil and setting share price targets for all three stocks
Since I first commented on Imaginatik plc (IMTK) as its shares soared to 8p and beyond in June, I have been bearish. However, does Chairman Matt Cooper deserve a smidgeon of credit now?...
Rob Terry will, I am sure, soon be arrested by the SFO over the Quindell (QPP) fraud but the crook is not finished in his criminal ways. Via his new Ponzi, Quob (Knob) Park Estates he is clearly guilty of market abuse concerning AIM listed Imaginatik (IMTK) and I have asked the FCA to investigate. Perhaps worried about this Terry has been deleting tweets.
On 10th September Rob Terry and his Quob Park Estate vehicle took their shareholding in Imaginatik plc (IMTK) up to more than 14% and, based on his track record, it is not a surprise to see the shares currently on biggest fallers lists – down approaching 13% presently today to 6.75p. This follows the company’s announcement of a “Director Loan”…
Tom Winnifrith earlier highlighted the latest mad missive from Rob Terry (‘The latest mad missive from Quindell fraudster Rob Terry of Quob Park – questions questions’) HERE and I now take a look at its ‘analysis’ of Imaginatik plc (IMTK)…
Tom Winnifrith commented last week on the latest views from the ludicrous Rob Terry HERE. The following updates on Terry’s delusional view in relation to another AIM company he is trying to ramp shares in; Imaginatik plc (IMTK). Does he really expet to push the share price up?
On results last week from Imaginatik plc (IMTK) I noted that the financial position in conjunction with the recent share price ramparoonie looked to mean conditions for another fundraising ahoy (see HERE). Today we have an announcement of a “Subscription and Director Dealings”…
Results for its year ended 31st March 2015 from Imaginatik plc (IMTK) have seen the ludicrous Rob Terry attempt to continue his ramping of the shares – see HERE. Is there really cause to be “very happy” with the results?…
Imaginatik plc (IMTK) finds itself in the headlights today – for reasons detailed by Tom Winnifrith HERE. What is the view from a financial fundamentals standpoint?
In the disgusting and sordid depths of the AIM Cesspit, the Kingdom of fraudster Rob Terry of Quindell (QPP) infamy the lastest minnow in the headlights is Casino listed Imaginatik (IMTK) - shares in which are up 41% at 8.125p, valuing it at £5.7 million. To see the true Terry stench check out twitter.
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