Image Scan Share Discussion Threads

[lfc4ever] 30/1/2014 09:44

the trouble seems to be that they have a clever bit of kit that no-one really needs or wants to buy.

not a recipe for success I'm afraid.

[assagai] 29/1/2014 22:11

That's a very fair summary!

[ballachar] 29/1/2014 15:14

Assagai. I read you as a serious investor. Sometimes we put faith in companies but the fruits take a long time to mature. This may be a good company and I am only a relatively recent shareholder. It is great that they can announce some significant new contracts every now and then but it is really profits that are important too and if we don't win enough good contracts the margins become too small and the cash flow generated becomes insufficient to win further sales.
I don't know anything about the management but I guess this is a quite fast changing technology world in which one can become left behind. Do they need to focus more on the areas in which they might have a technical lead and better margins. To look on the bright side maybe their new PR people have told them not to keep exciting us about new contract wins and focus on announcing better profitability when they can.

[assagai] 16/1/2014 11:36

The fact remains the share price is back to 1.75p. No news, no orders, no sales?
I have supported this company through thick and thin including £100k @15p years ago and a lot more besides. Always based on the prospect of improvement in trading. There was a bit of a flurry of positive PR when the new consultants were employed but like everything else - now all gone quiet.

[paleje] 15/1/2014 23:58

Amt, you're right but they also said they need to break out of the incremental increases from within mode and the board were considering options. I suspect that might need more capital which I for one wouldn't mind as long as the plan makes sense, but I'd prefer a chance to participate rather than a discounted placing, a bit like SEE recently did.

From what little I've heard from management they seem genuine, which you certainly couldn't accuse a lot of Aimers of:)

[amt] 15/1/2014 20:36

They made clear they didn't need any fund raising

[boonkoh] 15/1/2014 20:23

Fundraising soon? Its been in the cards given low levels of working capital and barely cash flow positive.

[amt] 15/1/2014 18:55

Next Event 29/01/2014.
Next annual report due

[mjcrockett] 15/1/2014 17:45

Assagai, What do you know is wrong? All I can see is that someone has sold a few shares in an illiquid AIM share causing the price to drop. As far as I know the Company is trading profitably in H1 2014 - this is what was stated in the results issued in December. So the Company is performing much better than it was when the shares were nearly 5 pence last September - it's just that the shares are having a dip. Unless you know something I don't know. Do you?

[assagai] 15/1/2014 16:21

monty - you know me, I know you.. I really think we all need to get together and do something ......

[monty68] 15/1/2014 15:52

what on earth is going on?

[assagai] 15/1/2014 15:04

This is too bad and has gone on for long enough. Changes need to be made within this company and soon while there is something worth saving...

[peterblok] 22/12/2013 12:54

4am this morning on Radio 4, heard all about a brilliant new handheld scanner using millimeter radar waves which can detect bombs, guns and knives on people from a range of up to 25 meters.

Got all excited, but it turned out to be Manchester Metropolitan University who are commercialising the product with a company called Radio Physics Solutions at an estimated £31k a pop. Shame it isn't us.

hxxp://www.mmu.ac.uk/news/news-items/2211/

Compliments of the season to you all and wishing all of us a prosperous New Year.

PB

[peterblok] 16/12/2013 13:29

Not sure I agree daniel as a BB isn't just to attract new investors - it also serves to allow existing investors to communicate their views with each other. I concur that we should be 'courageous and sensible' even if we don't necessarily agree.

But enough said methinks . . .

[daniel] 16/12/2013 09:31

Peter, I have been invested here as long as anyone, but I still dont agree with GM 's position. This is not about having a balanced BB, it about courage, sensibility, and not knocking off potential investors.

[peterblok] 12/12/2013 20:13

daniel - please don't accuse Nigel Martin of deramping. He says it as he thinks and is a genuine investor both here and on other bulletin boards where we share a mutual interest. A balanced BB needs honesty from its investors and sometimes it may not be all roses.

I have held over 1/2 million shares for some considerable time, but still have confidence in the long term viability of the company.

PB

[bozzy_s] 11/12/2013 20:49

Reasonable results and outlook. I note that they also reported the 'current cash balance' with FY results last year. It was £343,000 a year ago, which dwindled away to £138,000 by 31-3-13 and £11,000 by 30-9-13.

An important indicator of their progress will be the balance sheet on 31-3-14. If the cash balance remains above £400,000 without any equity or debt fundraising (cash currently £428,000) and they achieve break-even for the first half, they're doing well.

[daniel] 11/12/2013 14:58

GM, sell everything if you want, but don't deramp please. It sounds like you want the share price to go down further so as to buy back; but we are all waiting.

The result was better than expected and the caution in Oct was over pessimistic. - Positive Thinking.

[gnnmartin] 11/12/2013 14:45

If I read the report correctly, they won £0.2m of new orders in the first 2.3 months of the new financial year, which does not look very encouraging. I've sold a few, but still mostly hold and hope.
Nigel Martin

[amt] 11/12/2013 14:26

Mega_Trader

They don't need cash and are breakeven and generating cash for at least the next 6 months so unless something goes wrong no fundraising.

How do you know they lost a major shareholder ?

[amt] 11/12/2013 12:26

good chance to top up then.