Company Interview / Intelligent Monitoring Group's next move

Dennison Hambling MD of Intelligent Monitoring Group (ASX:IMB) shares insights into the company's recent developments. A new debt facility with National Australia Bank replaces older, high-interest debt, now with rates under 7% per annum. This move saves $6.5 million annually, a significant step for Intelligent Monitoring Group (ASX:IMB).

Dennison discusses their business strategy, highlighting the goal of achieving national coverage of security technicians and advancing video monitoring in Australia. The acquisition of ADT supports this mission, bringing scale and innovation to their operations. Dennison discussed disrupting the security industry and delivering a level of service expected by customers.

Financially, Dennison notes a strong performance in the last quarter, with $6.5 million in cash generated, reflecting a $38 million EBITDA target for the year. This financial strength further solidifies their position, reinforcing confidence in their growth.