|Image Scan Holdings
||EPS - Basic
||Market Cap (m)
|Electronic & Electrical Equipment
Image Scan Share Discussion Threads
Showing 5151 to 5174 of 5175 messages
|Yes the expensive slant has been put on it by looking back instead of forwards. Nothing is guaranteed when investing in a potential multibagger but at least at this level the downside should be very limited and the upside is multiples of existing SP|
|Well I suppose everyone's idea of a fair valuation is bound to be subjective and linked to personal outcome desires. Personally I don't believe the valuation is necessarily over blown at all. Firstly we are an emerging tech company ( 20 years in the infant stage!) and forward PE's in this environment can often range in the 20-50 X earnings range. Secondly we are clearly making strong progress on all fronts and likely to expand further reading the reports. Granted the profit was only £100k but it WAS a profit and that stands us apart from a considerable portion of the AIM tech market. I believe we made one years ago on a smaller turnover but not significant.
Just about all of the major earnings came in the last quarter by the looks of it so one quarter supporting the whole year, yet a profit. I would expect to see ( assuming we do actually move forward and into new markets) that this momentum will be maintained. An share price in a year or two in the 15 to 20p range would be a reasonable outcome in that case, not forgetting that IGE remains a tasty snack for a larger player . I hope that does'nt happen until we are matured if it happens at all. All IMHO
Interesting that the expensive slant has been applied after results are known and not before when we were testing 8.5p....|
|Well done gnnmartin. As you say a little caution at this time looks a good course of action.|
|Looks expensive to me.
£8 mil cap..£100k profits on £3.3 mil of sales but the order book is GBP1.7m so unless
they make up a load of new orders where is the profit coming from.
Not that I know this stock well but even if it made your 1 million profits it seems
to be priced in after a strong run.|
|I surprised that I am the first to comment on the results, not that have much to say. The prospects depend on whether the big orders in the second half are exceptional, or an indication of what we can expect. If the latter, then a profit of £1m looks achievable, with growth thereafter. But caution is perhaps advisable.
I look forward to the AGM.
PS. Ah! I see a long dormant IGE thread has woken up, and there are posts there today.|
|Yes very bullish both short and longer. I have pencilled in 6m sales for this year as a base. So profit of about 1m. Pe of 15 and target share price of 12p. Guesswork but still shows the potential.|
|bullish comments from the first half report about future sales should see this climbing back to 10p - not much stock about.|
|Will re-read the results again later but first read is quite impressive, this is a transformed company with a profitable future. Outlook statements are very positive.|
|Detection Technologies - http://www.deetee.com/products/ published their unaudited results a month ago - http://www.deetee.com/files/uploads/2016/10/Detection-Technology-Plc-Business-Review-January-September-2016.pdf
They clearly had a very good 2016, particularly in China, and from IGE's earlier trading statement a good performance is also expected. However, Detection's comments re 2017 saying that sales will level off and competition tighten are interesting.
So what will be IGE's outlook for 2017?|
|Hi Sarah, not sure we will learn much more before results unless fine tuning has helped the profit a bit further. Anyway we are on the way it seems.|
|Where's your gang gone? Tied up with HMRC? Another bad week for tax dodgers.
|Anyone reckon worth buying pre results Dec?|
|So...that was the kiss of death then :-(|
|Youve got to wonder whether theres a bid in the offing? Great to see this..|
|Wow look at the share price go. Not sure how big this company can get. Are we talking 10m sales or potentially tens of millions. Anyone got a handle?|
|good to see the share price advancing|
|Glad you appreciated it owenski. I placed the link at the end but ADVFN removed it. Charles occasionally writes a Smartco column for proactive investors.|
|Thanks for the post Columbarius|
|And so say all of us|
|Here's a copy of the Charles Breese IGE article from August for anyone who missed it. The market cap is out of date but otherwise it is all relevant and scans well in my opinion.
Wikipedia defines impact investing as being the making of investments into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return. There seems to be a widely held belief that investors face the choice of investing either in businesses which bring such benefits but generate low returns for shareholders, or into businesses which bring no such benefits but which provide big investor returns - an example of the latter has been billing systems for the internet gaming industry.
I developed SMARTCO investing as a form of impact investing, with the objective of improving the economic landscape for future generations in terms of a) increasing the number of higher quality jobs in terms of both interest and pay, and b) generating exports. With SMARTCOs, investors do not have to make the above choice, since the essence of SMARTCO investing is finding businesses which can both benefit society as a whole whilst delivering very attractive returns to investors. They are able to achieve this because they combine exceptional and valuable knowledge, which they package in a way which a) makes the business scalable and b) improves the productivity of their direct and indirect customers - a key element of their marketing material is being able to articulate the economic benefit which they bring to their direct and/or indirect customers.
Image Scan Holdings (ISH - www.3dx-ray.com - I am an investor in the company)
Founded in 1996, ISH [www.proactiveinvestors.co.uk/LON:IGE/Image-Scan-Holdings-Plc/] deploys x-ray technology in the security industry and in industrial systems - in the security market, the focus is on portable, rapid deployment systems eg for dealing with unattended items found on the Underground, mail room screening etc. - the focus of the industrial systems is on non-destructive testing systems for manufacturers of catalytic converters and diesel particulate filters.
I first met ISH in 2006, when I thought that the company’s technology and targeted markets seemed very interesting but felt that management’s approach to commercialisation was unlikely to be successful. In 2013, a friend of mine contacted me to say that he was a shareholder in ISH and that the technology was excellent, but the incumbent management lacked the skills to build a successful business based on the technology - my informant had had a senior position in charge of commercialising IP at a multinational supplier to the automotive industry, and also had introduced me to a very attractive engineering business listing on AIM, so I took his comments seriously.
In the light of the above information, I recalled that Smiths Industries had a Detection Division and via an ex-Smiths Medical contact, I was put in touch with Bill Mawer - he worked at Smiths for 13 years up to 2013, including roles within Smiths Detection as President North America and Director of Strategy & Technology - in May 2014 Bill was appointed Executive Chairman of ISH.
Key issues which Bill had to address included organising a new key supplier, a development programme to refresh the product porfolio, strengthening the distribution network and closing out a significant underperformong industrial contract. Whilst ISH is still tiny in terms of sales (the broker note projects £2.3 million for 2015/16) and market cap (£3.9 million), I believe that the foundations are in place for building a business worth at least £100 million through a combination of organic growth and strategic acquisitions. This confidence is supported by two order announcements in June and July 2016 worth a total of c.£1.5 million for ISH’s ThreatScan portable x-ray product for use in Asia, with delivery scheduled for December 2016.
ISH is a good example of the impact which can be made on an underperforming microcap by a person with senior industry relevant experience within a large corporate and who (vitally!) combines that experience with the ability to operate successfully within a microcap.
|The interims were out within three weeks of the period end and the pre close trading updates are timely. Management clearly on top of the finances. I have to say I was expecting a placing some time ago but the way the larger than normal orders have been managed is exemplary.|
|Great to see that the company is delivering on its promises plus the financials at this stage of the turnaround look quite healthy. I particularly like the fact that efficiencies have increased the GM by four percentage points as it demonstrates that management is very much on the ball as regards production and supply chain controls in handling large orders.
As regards future growth potential, this is where I see the focus will start to shift over the next year or so :-
'The ThreatScan(R)-LS1 portable X-ray system was widely demonstrated and trialled during the period, notably at international Explosive Ordnance Disposal (EOD) gatherings in Asia and North America. The system performed well in these high pressure scenarios which will provide access to extensive new opportunities. A wide range of accessories have been developed and delivered to customers. The development of the next generation of Image Scan portable X-ray systems, under an award from Innovate UK, a UK Government body, is well advanced. The new technology licensed from Ibex innovations specifically for this project is performing well in the first prototype.'
A little press exposure at some point wouldn't do any harm - especially as Cantor have now upgraded back to a 'Buy' rating - though I agree with columbarius that the target price of 7.6p is 'conservative' bearing in mind the current SP,trading update and future growth potential driven by current offerings and near term 'new technology' innovations.|
|In an analyst rating update on Monday shares of Image Scan Holdings PLC (LON:IGE) had their rating upgraded by analysts at Cantor Fitzgerald. The broker said it has now set a ‘Buy’ rating on shares of Image Scan Holdings PLC with a price target of 7.6.
Not surprising after a good trading statement. Cantor have been taking a conservative view.|
|Hydrus Sorry I screwed up. I picked up the 387k loss from 2015 by mistake. You are correct. Still cash went up 500k so I suppose some consolation.|