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Exploiting a pricing anomaly

Exploiting a pricing anomaly
June 27, 2016
Exploiting a pricing anomaly

The company concerned is Aim-traded technology company IMImobile (IMO:170p), a business that helps companies engage with their customers across all mobile devices by offering smart software products based on proprietary technology. The technology is proving incredibly popular and is being driven by the rapid take-up of smartphones and tablets, and improvements in network speeds. Indeed, IMImobile's pre-close trading update at the end of March highlighted double-digit growth in both revenue and gross profit in the 12-month period, and "a strong pipeline of opportunities", according to chief executive Jay Patel.

Subsequent to that trading update the company has just announced that it has added support for Facebook Messenger on IMIconnect, a cloud communications platform that enables the rapid creation, delivery and orchestration of proactive and interactive messaging services. This bolsters IMImobile's growing blue-chip client base that already includes household names Vodafone, O2, Telefonica, EE, AT&T, France Telecom, Centrica, Coca-Cola, the AA, the BBC and major financial institutions.

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