Share Name Share Symbol Market Type Share ISIN Share Description
Image Scan Holdings LSE:IGE London Ordinary Share GB0031410581 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -1.75% 7.00p 6.75p 7.25p 7.125p 7.00p 7.125p 18,932 11:48:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 3.3 0.1 0.1 87.5 9.49

Image Scan Share Discussion Threads

Showing 5276 to 5300 of 5300 messages
Chat Pages: 212  211  210  209  208  207  206  205  204  203  202  201  Older
DateSubjectAuthorDiscuss
07/8/2017
22:38
Classic attempt to get shares today by dropping the price and causing panic. No way Hosay are they getting mine.
amt
07/8/2017
18:27
Yes outrageous comments. True of many other AIM stocks but not IGE. Good to see Directors backing the company with shares and having an interest.
amt
07/8/2017
13:32
I think "Nose in trough" comments are completely misplaced.
monty68
07/8/2017
13:14
Gotta buy those dips
owenski
07/8/2017
12:51
As regards the options Mawer, the chairman, also took part in the placing buying 500000 shares and the total options outstanding is just over 8% of the share capital hardly excessive for a new management team that's come in and is turning the business around wc
woodcutter
07/8/2017
12:36
are you looking at IGE or some other co's accounts? I'll try an help you. https://www.investegate.co.uk/image-scan-holdings--ige-/rns/preliminary-results/201612060700060180R/ From the balance sheet At the last prelims the non current assets were £16.8k which suggests to me they're leasing their property, nothing odd there. Indeed it's quite shrewd as the business expands they'll not be tied to an asset they can no longer work with that being the case if they owned it outright. It's a £4m turnover business why would you tie up working capital in a large fixed asset? From the cash flow statement The operating profits were £104782 And the cash generated from operations was £603401 How can you state they're not generating any cash They spent nearly £19K on property plant and equipment. Cash at the beginning of the year £469K Cash at the end of the year £1054K As stated in both the cash flow statement and balance sheet Your question regarding the cost of contract staff was answered in detail You're rapidly losing credibility here with me mr mac. I'll make allowances, perhaps you're spending too much time in your vegetable patch chasing Peter Rabbit woody
woodcutter
07/8/2017
12:06
I don’t see how anyone could say I’ve been bearish. Cynical, perhaps, such as the point I made about management’s nose in the trough options. I feel cynicism is a useful quality when investing in AIM companies though perhaps I overdo it at times. I appreciate you guys are emphasising the points that support your position and I'm doing the same. All the same, my main points went unanswered: Why are non-current assets only £31k? It makes me think the company owns nothing original and is overly reliant on the sales team and some screwer togetherers. In other words there is no protective moat to their business. During a historically good twelve months to 31st March 2017 (combined H2 and H1 to encompass the two big orders), why did they fail to make any cash?
mr macgregor
07/8/2017
11:43
if you go back and read the last few year reports this co has been dogged by the large nuclear contract it accepted which was ultimately loss making. That is now long completed and handed over to the client. They are now at the forefront of the security market and also well positioned in the industiral sector too. In the last few years they've recuited an experienced production manager and restructured their supply chain and manufacturing processes to mass produce their product base. They've also reinforced their sales capacity and seen exceptional growth in the numbers of units being ordered. Historically the revenue growth has been very poor going back years but i believe this is about to take off and they've the added advantage of the recurring revenue streams that come with support contracts for existing systems sold. Stale holders who've been here a long time are capitulating and short term profit takers are selling at present but that's hopefully to the advantage of those buyers who are now coming on board. aimho dyor etc etc. woody
woodcutter
07/8/2017
11:35
22richy profit
edjge2
07/8/2017
11:34
picked up a few more on the drop wc
woodcutter
07/8/2017
11:15
Ukog???What relevance has a speculative oil penny share to compare to this?
22richyrich
07/8/2017
11:13
2nd biggest faller...bit worrying
22richyrich
07/8/2017
11:12
going into deep special offer but think UKOG a better bet. Still company with prospects IMO
edjge2
07/8/2017
10:38
The risk here is whether you believe they can keep growing revenue at the current rate. The fact they're gaining traction globally with new clients suggests the product has some legs. It's not for widows and orphans but it looks very promising. Added to this the balance sheet is pretty decent too. Although they could try an improve the working capital position (cash flow) woody
woodcutter
07/8/2017
10:26
Mr Mac Do you understand operational gearing? It doesn't appear that you do. The contract staff are there as part of COS (cost of sales) their costs fall in the gross margin. The admin costs remain pretty constant. A business with high admin costs is a slave to it's sales, that's poor operational gearing. This business can grow it's sales and retain it's admin costs pretty much at the current level. For every £1 of sales 40% is gross profit that's included in the contract staff costs. They're not admin costs. Could i suggest you read my post 5131. If they keep growing revenue at 50% and the admin costs at 4% where do think the operating margins will be in the long run? Some selling off today from weak holders. woody
woodcutter
05/8/2017
08:20
Mr Mac the GM was about 40%. I can only imagine your 5% comes from net profit which is hardly relevant to a rapidly growing company. Its nonsensical to use 5% of sales to project forward because of large element of fixed costs in overheads You must be kicking yourself for selling out much too early and missing the large recent share price rise. I see you have been bearish for many months now.
amt
04/8/2017
13:25
Mr Mac, I think you are
monty68
04/8/2017
12:58
amt, you surely know as well as I do that the profit margin was 5%. People only talk up gross margin when the profit margin is small. Woodcutter, you're ignoring staff costs which also increase as revenue increases as they take on temporary staff to screw the bits together. Assagai your analogy is interesting but not particularly apt. Every car manufacturer in the world also has a fixed asset base somewhat larger than £31,000. I can match that with the contents of my garden shed. How much of that £31k do they ascribe to their software and imaging tech? I was happy to sell into the recent liquidity and at ten times book value I feel I was on the right side of the deal at this point in time. I feel it's only towards the top of a bull market that such a rating would be ascribed to a company like this. Call me overly cautious if you like.
mr macgregor
03/8/2017
18:36
Mr Mcgregor Read the financials. Margin about 40%.
amt
03/8/2017
14:24
Ok, two points, as for being assemblers of other people's products, well sure they are as are just about every automotive manufacturer on the planet! ( some products are made exclusively for them) The key is the software and imaging tech which they very much generate themselves. The margins are certainly not "low". I believe their breakeven is actually quite a bit lower than £4m, unless something has changed dramatically that i don't know about. Anyway we can speculate all we like but it won't be that long before the next results and then we won't have to will we.
assagai
03/8/2017
13:36
Whilst the margin is indeed important the real measure of performance is the potential profit. They only need to do just under £4m in revenue to break even. So given the operational gearing of the business everything after that more or less goes straight to the bottom line. It's a big "if" but if they can increase revenue by 25% to £5m then £1m of extra revenue equates to around over £600k of operating profit (no tax given years of losses) is around 0.5p eps. As they increase installations there's also the replacement and service business too. It has growth potential given the security issues we have today. There'll no doubt there'll be bigger players but the pie could be quite large so if they get a small slice then fine. In terms of my portfolio it's a very little punt. woody
woodcutter
03/8/2017
11:04
What evidence is there for it being a high margin business? There is only recent evidence of a profit to go from and margins were low. As I understand it they're assemblers of other peoples' products and such a business model tends not to be high margin.
mr macgregor
03/8/2017
07:04
Yes but once fixed costs are covered then this high margin business means sales above breakeven will have a dramatic impact on profitabilty.
amt
02/8/2017
19:13
I take your point but what they're doing doesn't seem to generate cash. Over the twelve months to March 31st, which encompassed last year's two big orders, they finished with less than they started with.
mr macgregor
02/8/2017
12:09
had a nibble today Attracted by the operational gearing. From the interims the yoy comparable reveune grew at 52% whilst the overheads barely went up by less than 4%. woody
woodcutter
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