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IMImobile

August 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IMO
  • Price:
  • 318p
IMImobile has announced the £42.8m acquisition (£34.7m cash plus 2.57m new shares) of US based 3CInteractive. This is big news for IMImobile as North America is its biggest market and it will add critical mass to the acquisition of Canada based Impact Mobile a year ago (it means a quarter of enlarged sales are now in the US). To help fund the upfront element, the company has placed up to 6.5m new shares at 310p to raise £20.3m.Like IMImobile, 3C is a communications-platform-as-a-service company and provides messaging and mobile marketing services to 25 strategic and 250 commercial enterprise customers. It comes with the necessary direct connects to the big 5 carriers (so no payaway to third party wholesale aggrega ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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