Image Scan Share Discussion Threads

[daniel] 18/7/2013 00:06

Good news today,
I notice some desperate vultures talking company down and seeking to invest on the cheap. The company has moved on & exceeded expectations ... buy in the market or forget it...

[mjcrockett] 17/7/2013 17:27

Further to my post earlier today, I have spoken to Louise George and she has confirmed that Image Scan usually get paid the majority of cash prior to delivery for security order. This is the case in respect of the orders announced today which are most definitely not negative for the company's cash position.

[philjeans] 17/7/2013 16:09

Where can you find another UK hi-tec business, with patents all in place, with no debt; picking up new contracts regularly, profitable and with the major R & D spend over, VALUED AT THE AVERAGE PRICE OF A DETACHED HOUSE IN WEST LONDON ?

£1.6 M buys the whole jolly lot!

BARGAIN.

[philjeans] 17/7/2013 15:14

5p written all over it.

The diamond contract is just the start of a series of sales to that mining congomlerate.

[monty68] 17/7/2013 11:56

Think positively, folks.

Great news, hope they can keep this momentum up

[dan de lion] 17/7/2013 11:36

Plenty of orders coming in, debt free, I see no reason why they can`t raise conventional finance!

[nidgeyr] 17/7/2013 11:25

Buywell2,
Sorry to say but it seems that way.....

[buywell2] 17/7/2013 10:58

Cash raising on the back of the news soon then

[assagai] 17/7/2013 10:42

That is true , I was there. What is more important and at the risk of repeating myself, going forward they only need about 2.5/ 2.75 mil in sales to achieve a profit, since greatly reducing overhead costs and streamlining production. I think that if they need cash they can now probably seek short term bank funding. I don't see an argument for needing cash for more R&D as they have said they have moved into the sales phase. This industry is very "tight" and I see expansion in these areas growing organically but aided by baby bio!

Oh ,no comment from buywell today I see.....

[mjcrockett] 17/7/2013 10:12

The point in my earlier post about cash flow for substantial orders was given by directors in response to questions at the AGM this year.

[cliffpeat] 17/7/2013 10:00

mjcrockett:

It's possible that they match receivables with supplier costs - that would be good for cash flow.

However, the interim 6 months to 31 March 2013 showed t/o £1.1m and closing stocks of £650k and trade debtors £240k. Difficult to draw conclusions but it feels as if they may need additional funding if they are to grow.

The increased share price may help raise new equity but will existing holders be invited to subscribe or will they be diluted?

Maybe no one will mind if they finish up with a stake in a profitable company.

Many uncertainties and challenges I think.

[philjeans] 17/7/2013 09:57

This is from their website;



3DX-RAY to supply powerful x-ray inspection system to diamond processing operation in Africa

Loughborough, UK - 8 July 2013 - 3DX-RAY, the x-ray inspection specialists, has announced today that it has signed a new contract with a major new diamond processing facility in Africa. The deal means 3DX-RAY will supply its fully integrated and high quality AXIS-64 system to help prevent losses from the site.

The AXIS-64 system will be installed at the new facility, currently being built for more than 200 staff, to screen employees as they enter and leave the processing facilities to ensure that diamonds are not removed from the site unlawfully. By providing this additional layer of security the 3DX-RAY system will enable more processing to be undertaken in Africa, rather than at other facilities in Europe.

3DX-RAY's system underwent an extensive validation-testing program with the customer to ensure that it could deliver very high reliability at very fine resolutions to ensure that even the smallest stones cannot be taken out of the facility.

Initially one AXIS-64 system is being installed as part of a long term development program with more equipment to be installed over time as the processing operation ramps in scale across the region.

Vincent Deery of 3DX-RAY, said: "This is another significant contract win for the company and it demonstrates the investment we have made in developing our x-ray technology beyond the industry norms. Our system was tested among a number of competitors and it was the most appropriate performing system of all the solutions for this particular application.
"In particular the AXIS-64 system offers exceptionally high resolutions to ensure that security operatives can see even the finest details in smaller packages and bags that is just not be possible with other equipment."

3DX-RAY's AXIS-64 system is a fully integrated stand-alone x-ray inspection system, ideally suited to small package inspection. The system provides excellent image quality, materials discrimination, powerful image enhancement and processing functions for rapid and accurate interpretation of images - increasing throughput and decreasing the incidence of false alarms.



News category: About Us, Security Solutions, Stadia & Events, Secure Buildings & Facilities, Security Products, Conveyor Systems, AXIS Systems

Released at:
14:00 15/07/2013

Go back

[nidgeyr] 17/7/2013 09:18

Payment in advance - really mjcrockett?, in these days of holding onto cash for as long as possible I doubt it very much..
Have you any proof of they way they "usually structure" their orders?
And if so what is "substantial" ?

Thanks,

[mjcrockett] 17/7/2013 09:07

Image Scan usually structure orders so that a substantial part of the monies due are paid early on. So, I would not expect that the new orders will put a strain on cash.

[nidgeyr] 17/7/2013 08:30

From their half yearly report

"However, the loss in the period coupled with the need to build for stock has made cash flow management challenging. The Board is actively looking at ways to provide further working capital to properly develop the business and to fund new product development"

They may have won £850,000 or new orders but these will not realise quick cashflow

They need cash!!!

[curlly] 17/7/2013 08:19

Long time since i had a 100% gain

[mirabeau] 17/7/2013 08:13

Hasn't some of their equipment been installed in African diamond mines with more to come over the coming months? Best equipment so far to catch diamond thieves

[philjeans] 17/7/2013 08:09

Their margins are very good - check back at the results.

This is the critical mass they need.

BUY for me again.

[jmf69] 17/7/2013 07:43

How many other contract win rns's give profit margins ?? They have stated the value of the contract wins

[cliffpeat] 17/7/2013 07:37

Does this really give investors any relevant information as to the profitability of their company?

No timing of delivery - no profit margin % - continued suggestion that investment funds will be needed to extend product range.

I suspect the shares will go up on this vague statement of "orders" - a metric that does not actually appear in the financial reporting requirements of listed companies.

It's possible that IGE may have great product and potential but the information flow to investors is, IMO, still poor and potentially misleading.

Not invested nor likely to. As ever, just opinion and dyor.

[jmf69] 17/7/2013 07:29

It appears they have kept the contract win momentum going... Hoping for more new contracts and repeat business

[buywell2] 16/7/2013 11:16

Totally untrue daniel as my CRX and SBS threads clearly show

Please appologise forthwith





daniel
12 Jul'13 - 23:20 - 4260 of 4267 0 0

buywell, your posts on every bb are always negative. I think you may have an Anxiety Disorder and need to seek medical advice imho.~ Encarter





PS






Note the drop since I last posted here .... confirms my views methinks






dyor