IMAGINATION TECHNOLOGIES GROUP PLC #LON:IMG 20% Up With Potential Sale

 

IMAGINATION TECHNOLOGIES GROUP PLC
IMG 181,25 -0,25 -0,14%

Market Cap: £446.30M
Price: 157 GBX

 

Imagination Technologies Group (LONIMG)  Is a stock that I brought into in April 2017  – Apple had just announced   that they will  cease to use their Chips in their iPhones and the  share price plummeted by near 40% I got this at a good price of 109GBX during which time it appeared to be more bearish than move up.

 

This changed a couple of days ago on the 25th June with the company announcing it had received interest from a number of parties for a potential acquisition of the company this cause the share price to jump 20% and then 30% the day after. This, for now looks to have plateaued  out for the time being but I am currently having an internal debate with myself as to  if I should quit while I am ahead or wait for a potential sale, so watch this space for further updates





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