IMImobile has reported another strong year of financial and strategic progress across the entire Group. 2015/16 results are in-line with our forecasts. Critically, the company’s operations have started to gain traction in the Americas. Africa and the Middle East continue to benefit from Smartphone penetration and the business in India has stabilised. We remain Buyers with an increased Target Price of 210p.
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Financial and strategic progress
- Published:
05 Jul 2016 -
Author:
Christopher Furness -
Pages:
5
IMImobile has reported another strong year of financial and strategic progress across the entire Group. 2015/16 results are in-line with our forecasts. Critically, the company’s operations have started to gain traction in the Americas. Africa and the Middle East continue to benefit from Smartphone penetration and the business in India has stabilised. We remain Buyers with an increased Target Price of 210p.