Image Scan Share Discussion Threads

[daniel] 10/10/2013 08:43

Why are you wasting your time in a company you are not invested in, and don't want to be invested.

Why are you counting 2011 orders as part of 2012?
There is no reason why the 2013 order book will not be achieved, or why 2014 would not surpass 2013.

Follow your instinct, put your money where your mouth is: this is a company with life saving products, future exponential growth rate and good management.

Curly, the mark down in price was predetermined before the market opened, it not a function of dd & ss. Only fools should be justifying it by selling at the price.

[malhashemi] 10/10/2013 08:28

That was my whole point : those numbers you quoted were for the order book, not SALES for 2013 vs 2012, as you had stated earlier. Order book and sales are not the same thing. Sales are money in the bag, order books can change , up or down, depending on new orders or cancellations. Even IGE itself makes the comment in this statement that some of the order book has been delayed into 2014, and hence didn't translate to sales, which is why their sales for the year are down.My motivation is to state facts. Can't stand careless comments that confuse P&L or balance sheet items. End of.

[daniel] 10/10/2013 08:16

That is your opinion.


The fact: "secured new orders of GBP3.3m (2012: GBP2.5m)" an increase of 32%.

What are you doing here; if you are not invested?
Your motive is to deramp the company, so that you can get in on the cheap. - Move on

[malhashemi] 10/10/2013 08:14

You are the one who is talking utter rubbish to mislead others so that you can dump your shares on them and exit. If you want to be positive at least be so for the right reasons (and I gave you a hint on where you might find a sliver lining, but you obviously don't want facts to stand in the way of your made up comments).Why don't you prove me wrong by quoting from these results where you read, word for word and number for number, that the the full year sales are up 32pct ? To get you started, here are the words from the report "The Board anticipates revenue for the year ended 30 September 2013 at GBP2.5 million (2012: GBP4.3 million)"Your move Daniel

[curlly] 10/10/2013 08:09

daniel
Sorry but why are we down 16%
I have read the report and imo you are wrong.

[daniel] 10/10/2013 08:03

That is nonsense, Malhas - Read the report.
If you want to invest, pay for it; and stop misleading people by deramping the company.

[malhashemi] 10/10/2013 07:50

Daniel: sales are down from GBP 4.3mn in 2012 to GBP 2.5mn this year. How on earth did u calculate that as an increase in sales ?Be positive on this stock if you will.. That's your prerogative.. But don't mislead others by quotes like "sales are up 30%" when the are infact down.If you want a positive, look at the order book.

[philjeans] 10/10/2013 07:45

Sales are lumpy; I look forward to another large order - which could come sooner than we think.

;-)

[daniel] 10/10/2013 07:40

Good result:
32% increase in sales.
Reduced & streamlined overhead.
No cash call.
Excellent prospect.
The company must not yield to the vultures who wants to invest on the cheap.
With excellent management and reduced overhead, the future is beautiful.

[amt] 10/10/2013 07:19

So no cash required which is the worry I had.

[malhashemi] 10/10/2013 07:08

Results out. Disappointing. Mjcrockett you were spot on.

[rosco40] 09/10/2013 16:25

It'll be out tomorrow or Friday at the very latest.

[jmf69] 09/10/2013 15:34

Still waiting for the trading update

[assagai] 09/10/2013 15:04

Down we go again on pitiful volume - very demoralising...

[curlly] 09/10/2013 14:43

Looks like a cash call coming?

[philjeans] 04/10/2013 07:48

Pre-close trading update due next week - should be encouraging.

M/C still tiny whilst prospects are enormous!

[dan de lion] 20/9/2013 09:55

L2:- 3 v 1

[mjcrockett] 19/9/2013 17:46

Assagai, I hope you did not feel I was being negative about Image Scan. I find the increase in orders in recent months most encouraging and am hopeful this will lead to better times ahead. However, my expectations for the current financial year ending 30th September 2013 are that revenues will be lower than the £4.3 million achieved in 2012.

In the first half of this year IGE reported revenue of £1.072m. The chairman's statement at the interims (20th June) gave this guidance regarding the delivery of their existing order book:

"The Company has total confirmed orders of £2.7m having started the year with an opening order book of £0.4m (2012: £2.3m) and secured new orders in the year to date of £2.3m (2012: £2.1m). Of this £1.1m was recognised as revenue in the first half and of the remaining £1.6m, £1.2m should be deliverable prior to the financial year end. This rate of order intake is 14% ahead compared to the same period last year and comprises over 70% security sales."

It is great to get this sort of guidance from a company but it does suggest that revenues will be lower this year.

[assagai] 19/9/2013 12:38

Blimey what a load of negativity! The facts remain that the company has traded successfully over the last couple of years without raising new cash. I think the last was the new major holder risestep. The interpretation that the co only had t/o of 2.3million or was expecting that is simply not correct and what about the orders since then. I would be very surprised indeed if they went for a placing and I'm sure a rights issue is a non starter. Anyway we will get an update shortly so clarity will prevail, until then....

[dan de lion] 19/9/2013 11:10

Now 1 x 1.

[tomboyb] 19/9/2013 09:27

There seems to be momentum behind this rise and MMs supporting that -

L2 is 2v1 -