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Immedia – ‘raising funds for an acquisition strategy’. Just for that?...

By Steve Moore | Friday 8 January 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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?…

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