Image Scan Share Discussion Threads

[puffintickler] 04/7/2014 12:34

Back in now, might be a bit early but don't want to miss the next rise.

[monty68] 18/6/2014 14:31

They are certainly getting some good PR

[peterblok] 18/6/2014 14:10

Interesting interview with Bill Mawer on TIP-tv on Monday -

hxxp://www.tiptv.co.uk/archives/tip-tv-highlight-bill-mawer-16-06-2014

[tip tv] 17/6/2014 09:45

Bill Mawer, Chairman and Chief Executive at Image Scan Holdings PLC interviewed at Tip TV:

[puffintickler] 16/6/2014 11:44

amt

I agree with your worries about sales in the second half, there seems to have been a drop off in the rate of confirmed orders. Together with the need to replace the supply of a unit, increase R&D and increase the sales force it looks like IGE are going to get squeezed in the next few months. A fundraising is on the cards, always a danger when the top person changes.

I was going to buy in sub 3p but I have lowered my target in the absence of positive news.

[buywell2] 13/6/2014 06:43

This needs a cash injection of £1m to stay alive

£2m if it is going to have any chance of growth

[paleje] 12/6/2014 23:50

I'd second that, Nigel, the usual excuse is cost but other small caps have done it this year, I've been involved on one, and pi's are generally appreciative and supportive. Sooner the better too.

[gnnmartin] 12/6/2014 21:35

Today's RNS (and previous IIRC) imply they would like to raise more money if they can do so on reasonable terms. At least, that is how I read "however, there is a need to accelerate product development in order to drive the business forward".

I expect they would like to find someone willing to take a chunk of new shares: if they do, I hope they will also have a decent open offer alongside the placing.
Nigel Martin

[paleje] 12/6/2014 16:19

Are they going to want additional funding to accelerate R&D and increase the product range? It wasn't mentioned in that media clip or the RNS but I seem to remember previous management saying that although they were just about self sufficient they were restricted financially from progressing the business and wanted to explore options to accelerate it.

[sammy_smith] 12/6/2014 14:09

Listen:Bill Mawer, CEO, Image Scan Holdings - Half yearly report

Click the link to listen

[amt] 12/6/2014 08:49

yes but sales for the first half were determined by the orders taken in the 6 months to September 2013. There is about a 6 month lead time so you will only see the impact of new management coming through in real sales in the second half. Currently that doesn't look promising, unless my calculation is wrong it stands at 0.6m, I would like to be proved wrong on that calculation but that's my interpretation.

[assagai] 12/6/2014 08:43

Or perhaps the market knows better!
Bill Mawer was involved in the first half - as a consultant.

[amt] 12/6/2014 08:29

The Company has total confirmed orders in the year to date of GBP2.3m, having started the year with an opening order book of GBP1.2m and secured new orders of GBP1.1m. All outstanding orders are deliverable in the current financial year

Orders release 1.7m so closing order book must be 0.6m or am I misunderstanding. So second half revenue will be at least 0.6m.


and from annual results "Annual order intake up 32% to GBP3.3m" so that's a run rate of 1.65m vs 1.1m in this first half.
The order book was already 1.4m and they only delivered 1.67m so results announced today are not great and could be considered as showing a significant slowdown.

Strange share price reaction perhaps it will evaporate when people read the detail.

[philjeans] 12/6/2014 08:17

Bargain rating!

What's not to like?

Give me a comparator on AIM with these assets.

[philjeans] 12/6/2014 08:15

Strong finances; new management; break-even P/L; Fresh strategy for profitable growth; hi-tec business; niche area;

And all for £1.5m!

[amt] 12/6/2014 08:14

These results are to 31 March so new management cannot take credit for the first half. Its the second half that will tell us how good they are.

[puffintickler] 12/6/2014 08:06

No surprises, a bit better here a bit worse there. I sold out of these a few months back, I still think the share price is very fully valued for where they are at.

[assagai] 12/6/2014 07:34

well i've re read the report and really can't see any reason to be negative at this early stage of the new regime.

[amt] 12/6/2014 07:20

Superficially ok but run rate of 2.2 m annualised orders is not great. Still lost money in first half so overall nothing to encourage me here.

[assagai] 12/6/2014 07:09

Yes I rather like the Mawer effect and quite quickly too!