Image Scan Share Discussion Threads

[assagai] 06/3/2013 22:07

well that was the briefest of flashes in the pan!
We need a clear message of support.

[philjeans] 05/3/2013 16:02

me too - after I saw the presentation; VERY interesting!

[assagai] 05/3/2013 15:48

Well done drw1, must admit I also bought a few more the day after AGM.

[drw1] 05/3/2013 15:23

Glad I bought a few more.

[assagai] 05/3/2013 15:18

Well something brewing here, can't say I'm surprised . Prospects better than ever and so so cheap.

[monty68] 01/3/2013 11:58

Graham Storey from Transense was at the Image Scan AGM. Results by end March

[assagai] 01/3/2013 09:26

Hi Ken , I'm guessing that silence is golden..

[peterblok] 28/2/2013 18:55

Thanks Guys

[kenone] 28/2/2013 14:27

Not seen you on tht TRT thread recently Assagai - any comments on progress there ?

[monty68] 28/2/2013 11:39

I was also there and I agree with Assegai. If all goes well should be a good profit this year. The management are very cautious rather than being unduly optimistic. Financial PR guys should have an efect on the diappointing share price.

[mjcrockett] 28/2/2013 11:36

The presentation from the AGM is on Image Scan's website -

[peterblok] 28/2/2013 09:30

Thanks Assegai. Sorry I couldn't make it this time.

Anyone else who attended got anything to add?

[philjeans] 28/2/2013 09:13

assagai - thanks for your post.

Any news on the chinese investor/contacts/business?

Your feedback is reassuring and confirms my own views - looking a lot better.

[drw1] 28/2/2013 08:25

Thanks for taking the trouble to post your view Assagai.
Agree,it would be nice to see Director's showing some faith in the future by increasing their own stakes.

[assagai] 28/2/2013 08:06

Yes I did attend. I have to say there was a feeling of steady as she goes, but she does go. The Board adopt a conservative style tempered with realism. I have to say ( and this is my interpretation only ) that their approach to giving the business a new direction based on consolidating their position and focussing on sales has already begun to pay off. Let's not forget they have made a maiden profit based on sales doubling last year. The potential for their new vehicle inspection equipment is very good. They have also updated the offerings on other security areas as well as industrial ( with the introduction of medical). Looking forward ( once again my opinion only) is that they may very well match last years sales ( they are already up 39% on the same period) If they do match or better it will be without a significant comparative element of one off costs booked last year. This could result in a doubled or trebled bottom line which would make the PE look very low for a growing and profitable tech company.
I would just like to see the board show their confidence even a small way by increasing their holdings a little. Overall I am much more confident going forward.

[drw1] 28/2/2013 07:20

Presume you attended Assagai.
Any vibes on the likelyhood of them securing the couple of extra orders they indicated were needed to stay profitable?
Tempted to add to my small holding at what appears (if more orders is a realistic prospect) a low valuation for the company.

[assagai] 27/2/2013 22:25

Interesting - all today's posts before the AGM, guess you had to be there!

[cliffpeat] 27/2/2013 10:59

Philjeans:

Isn't IP valued on the basis of potential future gain that arises from it? Why would it be worth more to a competitor? If the advantage a competitor has is its sales and marketing "reach" or customer channels and relationships,then are you really convinced that IGE has the resources to exploit the IP.

£166k at the bank is about half the balance at the September 2012 year end and coupled with the clear "warning" at the end of the RNS, does not suggest that there are funds for any greater sales effort than hitherto. The "warning" also suggests that they are currently trading at a loss.

A substantial share issue and possibly strengthening of the Board if there are properly evaluated future opportunities that cannot currently be exploited - or a sale to a larger company seem to me to be the two logical routes to enhance shareholder value.

I have considered this share for some time but am not a holder.

[philjeans] 27/2/2013 10:28

Co IP alone will be worth multiples of current M/C to a competitor; who are hoping to pick it up from the liquidators for a song, of course.

Won't happen though - business is stronger now than at any time in it's history with cash in the bank and no debt. Good orders and strong management.

Time to buy.

[gnnmartin] 27/2/2013 09:38

A very nice surprise. I won't be at the AGM though.
Nigel Martin

[cliffpeat] 27/2/2013 08:32

I see no hard numbers to support an investment decision to buy shares in this company.

Order numbers without achieved sales and margin figures, mean little.

Product development without indication of committed future sales - or, at least, expectations - do not help evaluate the business.

I think the present CEO has done a good job of tidying up the company and I still think it would do better if absorbed into a larger player.

For me the "punt" would be on the basis of a possible take-over at a premium and I am not inclined to properly research that possibility.

[puffintickler] 27/2/2013 08:18

Looks good, enough to put the share price back in a sensible range, but tempered by background risk becasue still a long way to go. Bit of a binary punt but I trust the management to do their best and keep shareholders informed without the froth.

2p could look very cheap in a year's time.

[philjeans] 27/2/2013 07:54

STEADY AS SHE GOES;


Image Scan Holdings PLC Trading Update
Date : 27/02/2013 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : Image Scan Hldg (IGE)
Quote : 1.625 0.0 (0.00%) @ 07:30
HOME » LSE » I » Image Scan share price

Image Scan Holdings PLC Trading Update
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TIDMIGE

RNS Number : 7325Y

Image Scan Holdings PLC

27 February 2013

27 February 2013

Image Scan Holdings plc

("Image Scan" or "the Company")

TRADING UPDATE

The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the Security and Industrial Inspection markets, today provides shareholders with a trading update to coincide with the AGM being held at the offices of Seymour Pierce, 20 Old Bailey, London EC4M 7EN at 11am today.

In recent years, the Company's strategy has been focused on broadening the product range in response to market demand. On the back of increased revenue in 2012, the Company was able to invest almost GBP400,000 into product development. Within the Security range, this gave rise to a small vehicle screening system, and extensions to the baggage screening range. On the Industrial side, the product range was extended to include a smaller system suited to the inspection of petrol catalytic converters, and another for the inspection of medical devices, thus extending the Company's reach to address new applications. These developments are regarded as a significant step towards delivering the platform from which to grow the business.

The Company has GBP1.1m of cumulative orders in the current financial year having started the year with an order book of GBP417,000 and booked a further GBP728,000 of new orders in the first 5 months. Year to date order intake exceeds that of the same period last year by 39%. Sales of the FlatScan portable security system continue to reach new customers and into new territories. Meanwhile, important repeat sales of the MDXi industrial inspection systems are providing the basis for greater opportunities.

The current bank balance stands at GBP166,000 and the Company remains debt-free. The Company continues to manage costs tightly and, where possible, secures stage and advance payments in order to manage ongoing working capital requirements. Image Scan maintains an overdraft facility of GBP100,000 with the Royal Bank of Scotland.

Image Scan's Chairman, Brian Emslie, commented, "Whilst there has been an improvement in new order intake in the year to date across both sectors, the Board is mindful that the Company is still dependent on securing one or two significant contracts to achieve profitability in the current financial year. The Board would like to thank shareholders for their continued support."

-ENDS-

For further information, please contact:

Image Scan Holdings plc Tel: [phone]
Brian Emslie, Chairman

Louise George, CEO

[e-mail]

[monty68] 21/2/2013 17:14

yes. I will be there

[assagai] 21/2/2013 16:43

Anyone going to the AGM? (apart from Nigel)