Share tip of the week, 4 February
Category: Investments, News, Shares
Helal Miah, investment research analyst at The Share Centre, picks global leader in multimedia and communication technologies, Imagination Technologies, as his share of the week. Here’s why;
While the economic environment has had a negative impact on the sales of digital radios, sales of smart phones and tablets computers are proving very resilient. Imagination Technologies’ processors are currently used in a wide range of products and over one million devices with its intellectual property are being shipped each day.
Imagination Technologies has set an ambitious sales target of one billion graphics processing units per year within five years, however at its current growth rate it is quite possible. We believe the company is well positioned to benefit from the further adoption of gadgets and technologies by consumers.
We recommend Imagination Technologies as a ‘buy’ for growth seeking investors willing to accept a high degree of risk. Investors should also be aware that the company pays no yield available and there is unlikely to be any for some time.
All information given including prices, yields and our opinion is correct at the time of publication. Our opinions on investments can change at any time and for our latest view please go to www.share.com. To understand how our Advice team arrive at their views please read our Investment Research Policy.