IMImobile (AIM:IMO) - decent results with cash flowing and plenty of opportunities
The provider of mobile and digital customer engagement solutions delivered decent interim results demonstrating material growth. This one appears to be bringing in the cash, unlike a more controversial AIM peer, but the business, in what is a very rapidly evolving arena, needs a little understanding.
IMImobile’s claimed offering is “to harness the potential of mobile technologies to improve customer engagement” and accelerate client’s digital and mobile strategy.
The Group has a decent customer roster including Vodafone, O2, Aircel, Airtel, AT&T, France Telecom, Centrica, Coca-Cola, to name a few.
While the headquarters is in London we assume most of the people operate from elsewhere.
For the 6 months ending 30th Sept 2015 revenue was up 29% to £27.8m,…
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