TRADERS' TIPS: City insiders say buy Imagination Technologies but sell CityFibre
BUY THIS: Imagination Technologies
Imagination announced last week that it was offloading its unprofitable digital radio business Pure for £2.6million to Austrian outfit AVenture AT.
The firm has been having a tough time recently, revealing a £63million loss in June, the biggest in its 30-year history.
Its shares are down about 67 per cent since their 2012 high of 712.5p. Yet Liberum remains positive and believes it will reduce its debt over the next year and that revenues from licensing are likely to be above expectations.
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