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IFM - Infomedia Limited

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Reasonably rare to find a stock that is moving nicely away from a reasonable base pattern at the moment

IFM fits the bill
 

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Re: IFM - Info Media

Hi Dutchy,

The FA looks reasonably good too. I get my data from Aspect Huntleys via Etrade and it seems to suggest that the latest NPAT is $5.5m, however the latest announcements tell a different story?

Looks like a high margin business with no debt, good ROE and perhaps the business is turning around? The chart certainly looks positive. Obviously the Aussie auto industry is very tough and looking to get worse. If manufacturing were to cease in Aust how much do you think this would impact IFM?

cheers
Coopers
 
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Re: IFM - Info Media

Hi Coopers

This one coming out a period of pain and stripped down.

Contract renewals with non Aust based autos is positive.

Indeed software has wider aplications. Manufacturing ceasing in Aust would play out over years in any case and while our vehicles need parts identified, specified etc this organisation is well placed to provide a mature product that has been paid back with little debt. Nice little cash earner.

I'd expect this position to play out in a time frame expressed 18 - 36 months ...ish. That's if it doesn't reverse from here.
 
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Re: IFM - Info Media

Still doing the right thing accumulating in the background ... one of the workhorses in my portfolio .... not flash, depenable
 

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ROE

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Re: IFM - Info Media

Can this stock get back to 86 cents this year before the big drop?
 
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Re: IFM - Info Media

Infomedia has been plugged in this months APril MONEY magazine by Greg Hoffman advising Buy at $0.715 (I am pleased I only bought this magazine today as it has saved me money already!)
 

ROE

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Re: IFM - Info Media

I think this is a decent stock with high rate of ROE and Margin
but this is a long term buy stock as I don't see they increase earning for maybe another 2 years :)

at 70 cents I think there is value for it.

do your number and check it out don't reply on some mug analyst to gamble with your $$$ :)
 
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Re: IFM - Info Media

Anyone out there has some connections with this industry or a strong view on IFM.......I've held it for years now and have been impressed by its ability to withstand shocks, grow without much capital and return precious dividends and franking credits..........I think there is an outstanding long term buy here cause the business appears to be doing great and diversifying its income steams and client base BUT for its exposure to the dreaded Aussie dollar.........at this low point brought about by currency, I'm tempted to build a heavy stake......my view is that Aussie dollar will return again to 70cents once China cools off and the dust will leave a great Aussie success story in Informedia firing on all cylinders...........its not only growing subscriptions but there appear some exciting new products on board which the market seems to care little for...
 
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Re: IFM - Info Media

I am very interested to know what people think of IFM in light of it's recent SP performance. I bought some for .80 a few years back then averaged down at .60. I keep looking at it to sell, but every time I review the fundamentals it looks like such good value that I decide to keep it.
 
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Re: IFM - Info Media

Mate, granted share price performance has been remarkably poor.........for my 2 cents.......anyone selling this puppy at these prices would be bordering on psychotic.......

Why.......

The company is much the same as it was say, 4 years ago...........so that's no great compliment......but it has increased revenues and subscriptions while unfortunely lowering its massive margins.......but the big minus has been currency which is out of their control bar hedging.........

In my view, however, I think its still a better business than it ever has been.......subscription growth, R & D'd new products starting to incubate, a more 'diversified' business model and client base, net cash on the balance sheet currently soaking up shares in buy back.........and the Aussie dollar set to return to banana republic status............

Yes indeed, this baby continues to the churn out the divies, soak up shares.....I sure hope people keep selling at these prices so IFM can soak up the shares
 
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Re: IFM - Info Media

How are they placed regarding access to info from the various car companies?
I remember reading some time ago that one of the big car makers - was it Ford? - were developing their own competitive product. Has this trend continued?
There was also some suggestion that the owners of the info might start charging IFM for it.

Disc: Not holding.
 
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Re: IFM - Info Media

Yeah, Old Blue, like every business has a somewhat different risk profile........the fact that Informedia does not own the information for its programs is a risk for them to manage......

Informedia charges less than $1000 for a dealer to use software which apparently adds great productivity.........I understand Ford is peddling its own software and IFM's most important contract in Europe was re-signed with a massive hit to margins and losing subscribers.....

The last time I looked its a free market, so people can steal customers off IFM just like IFM keeps increasing subscribers, although not currently at break neck rates.........they have diversified away their reliance on Ford Europe which will help next negotiations......good luck to Ford making software, I hope they do better than their cars.....if they remain solvent...

Like Flight Centre in travel, IFM is probably the only type of company still making good money in the auto sector.......GM and Ford are practically bankrupt in the US but no matter what, there will will be an auto sector to service.........and when you want software, you normally go to a software company......
 
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Re: IFM - Info Media

It will be good to see 1H results release on the 16th of Feb, I noticed the hedging program for USD risk was capped at 65% in the 2008 FY results slides at a rate of 0.865 for 2009, if they have continued as per presentation or even dropped more of the hedging there should be a strong result.

Exposure to the Automotive is higher than I would like due to the state of it at the moment, but IFM have got a very large share of the market and could not see why any of the manufacturers would prefer to buy a product of their major competitor Ford.

Do you know much about the new products that getting released this year and leading into 2010? I have looked at there website but not familiar on new and old products.

Just my :2twocents I don't hold IFM at the moment, but like the overall fundamentals of this company especially the nil debt and dividend yield over around 10%.
 
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Re: IFM - Info Media

I would not say it's a stupendous growth story........but it's not hapless either....unfortunately, the aenimic growth of recent years has been more than offset with the increasing dollar.....

The company does have some pedigree however.......the main one product (mirocat) pretty much generates all revenues....but in recent years, the 'smart service menus' or whatever has entered the 'sales' phase and has grown stongly off a base of zero....

While it's sales are not yet company making, it has actually been increasing subscriptions at a quicker rate than the original product did......and IFM has an existing customer relationship to work from...

My understanding is that they are developing other products......not sure how significant....but last year IFM 'headhunted' a key employee of their competitor who is now some titlte like "Cheif Technical Officer".......this guy was at NASA as well:cool:, so without a science background, I was duly impressed.....
 
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Re: IFM - Info Media

Hi surfingman.

The risk to IFM as I see it is not that other mfrs will use Ford's product but that they will follow the Ford example and produce their own versions. After all, they control the "raw product".
Having said that, the car mfrs probably have enough on their plates at the moment without taking on the cost and distraction such a project would entail.
 
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Re: IFM - Info Media

Any new developments on this stock? I like the yields and balance sheet, but still wondering about its long term prospects in selling as a competitive product.
 
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any news on this stock?
the balance sheet looks good,
past 5 years roe: 43, 46, 40, 29, 33
divident is 10%
P/E Ratio is only 6.56
no Long Term Debt.

looks good, but on intellegent investor, they give it 4.5/5 on risk.
 
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This stock has done well in the past year. Good to see good performance in a tough year. Read the report and was pleased they have talked to their customers and looked to the future for further innovation. I wonder what other services could use the same system.

I hold.
 
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This stock has done well in the past year. Good to see good performance in a tough year. Read the report and was pleased they have talked to their customers and looked to the future for further innovation. I wonder what other services could use the same system.

I hold.

Are you concerned about the turnaround-initiating founder's retirement?
I have been following this one for a while but this recent update definitely turned me off a bit..
 
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Are you concerned about the turnaround-initiating founder's retirement?
I have been following this one for a while but this recent update definitely turned me off a bit..

Yes I was initially, then thought people have to retire some time, and that the reigns have been handed over to a senior executive who has been there 25 years. Richard Graham still acts as a non executive chairmen to the board.
Time will tell.
 
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