Immedia (#IME) – proposed disposal of operating business, to become a cash shell
- 2022-04-21 07:49:39
UK 10:04 Sunday, 11 October 2026
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In January this year audio visual communications provider to organisations, Immedia Group (IME) announced an equity raise for “a targeted buy and build strategy focusing on compatible businesses in the content creation/distribution and data analytics spaces” and in March it was “incredibly excited to be working with Sprift towards an RTO which we believe will be transformational for Immedia's shareholders”. Today a “Termination of talks” announcement.
Audio visual communications provider to organisations, Immedia (IME) has announced that it “is raising funds to provide capital to facilitate the growth of the group through a selective acquisition strategy”. Hmmm – I last year questioned it stating it “has cash reserves, and plans in place to manage these resources”. So what is the financial situation?...
A June update from audio visual communication services group Immedia (IME) included that it “has cash reserves, and plans in place to manage these resources, although the directors are considering raising extra funding from a variety of sources”. On the discounted placing that followed, I noted it will be interesting to see what cash reserves there were in following balance sheets. Now half-year results...
Provider of audio visual content and services Immedia Group (IME) “announces that it has conditionally raised gross proceeds of £1.1 million… at £0.10 per share”. This following a June update including “we have seen more UK retail businesses re-open, and this will allow Immedia to rebuild contracted revenues from its retail customers as its services are taken up again” and a prior update in April I previously updated on...
A 11:58am “COVID-19 and Business Update” from self-styled “supplier of multi-media content and digital solutions for leading brands and global businesses” Immedia (IME) – and, as tends to be the result of intra-day updates, the shares materially lower; currently heading towards 10p, down more than 25%...
An “AVC Immedia establishes itself in the USA” announcement from Immedia Group (IME) – the AVC division of the group becoming an established player in the massive US market? Er…
Previously writing on supplier of audio and visual content to organisations Immedia Group (IME), in May with the shares at 22.5p I concluded certainly it’s the cash flow to be monitored here currently – and I’d listen to the market and currently avoid. Today an intra-day (10:27am) “Trading Update”. Uh oh…
“Multi-media content and digital solutions provider”, Immedia (IME) “is pleased to announce it has secured a major AV contract with a blue-chip integrated energy company with headquarters based in Aberdeen”. Its shares have currently responded to 22.5p – er, down more than 6%! Hmmm…
Immedia (IME), which describes itself as “a supplier of multi-media content and digital audience engagement solutions for leading brands and global businesses” (i.e. it supplies audio visuals and data analytics) emphasises in results for the first half of 2017 that “the board remains confident that the outlook for the group is positive”. However, the shares are currently down 16% on the day to 21p…
