Growth Company Investor – 01 Oct 2008 – Directors’ Dealings

Directors’ Dealings – Kathleen Hall

 

Turrell tucks into Imaginatik

Directors operating in the IT sector are also taking advantage of low share prices, as Mark Turrell, chief executive of software provider Imaginatik, has increased his stake in the company to 59.34 per cent (including the shares owned by his wife, Dr Yvonne Lindow). This through the purchase of 47,674 shares at 4.20p, just below the current market price of 4.25p, down from a 52-week peak of 6.38p  

RNS Announcement – Imaginatik plc – Trading Update – 14 Oct 2008

RNS Number : 7209F Imaginatik PLC 14 October 2008

14 October 2008

Imaginatik Plc

(“Imaginatik” or the “Company”)

Trading update

Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and processes, is pleased to announce that it has seen a strong sales performance in the six months to 30 September 2008, with revenues in line with expectations.

The Company has very limited exposure to the financial services industry and we have yet to see any impact from the financial crisis on the level of demand for our software and services. Whilst we cannot forecast the effects of the situation in the financial markets, based on a strong pipeline of opportunities, the directors remain cautiously confident that this level of trading will continue into the second half of the financial year. We will also continue to keep a tight rein on our cost base.

The Company expects to release its Interim results for the six months ended 30 September 2008 in November 2008.

For further information please contact:
Imaginatik plc Tel: 020 7917 2975

Mark Turrell, CEO / Shawn Taylor, CFO 
WH Ireland Limited Tel: 0121 265 6330

Tim Cofman / Katy Birkin 
ICIS Tel: 020 7651 8688

Caroline Evans-Jones / Mike Smith

About Imaginatik

Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world’s leading companies. More than 100 clients rely on Imaginatik’s software, consulting and research to enable their best-of-breed innovation activities.

Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution category, Imaginatik’s software and consulting services have helped clients discover significant sources of additional revenue, as well as tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London, as well as leading practitioners of corporate innovation.

For further information please visit www.imaginatik.com

This information is provided by RNS The company news service from the London Stock Exchange

 

END

 

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Daily Mail – Imaginatik Top Mover – 7 October 2008

Main Changes

Imaginatik 4.75 up 0.25

 

Source: Daily Mail, 7 Oct 2008

The Times – Imaginatik signs first non-project based contract with IBM

Imaginatik gained 0.38p to 4.25p after the collaborative software company signed its first non-project-based contract, secured through its global reselling agreement with IBM. Mark Turrell, chief executive, said he was confident it would be the first of many.

Source: The Times – online edition - http://business.timesonline.co.uk/tol/business/markets/article4870832.ece

Techinvest – 01 October 2008 – contract win

Imaginatik 4.25p

(IMTK; AIM, Tech Software & Services) 

The Company has signed a three-year contract to provide its core software. Idea Central, to Reed Elsevier. An annual licence contract with Bombardier was also concluded. Imaginatik also said it raised £0.22m before expenses through a conditional placing of 5.5 million shares at 4p to institutions. The proceeds will be invested in the sales operation in Britain and the United States to increase follow-through sales to major clients.

The deals underline the significant growth potential with this stock. Continue to buy. 

Source: Techinvest magazine, 01 Oct 2008, page 2