Image Scan Share Discussion Threads

[columbarius] 13/9/2016 11:54

If you regard posting a company broker downgrade as trashing a thread you're not worth listening to. Would you rather hide facts from the punters you're trying to lure in?

[assagai] 13/9/2016 11:01

Do you know, I wasn't even going to bother to respond... but. As for trashing the thread I note your username was created on Aug 23 in order for you to post the downgrade notice from Cantors.

I have posted on this thread for about twelve years and my identity is known .

out.

[assagai] 13/9/2016 09:46

Wow , a very raw nerve there!

Facts are like me he is a long term investor in the company who i know personally and have done for fifteen years.

[columbarius] 13/9/2016 09:20

"Another great vote of confidence from a serious long term holder!" was an extraordinary comment. What facts do you have to back it up?
Cozens was involved in a bent tax avoidance scheme, so regardless of you creeping up to him, maybe his recent purchases at the prevailing high prices are more to do with his tax affairs than for the benefit of the company.

[assagai] 13/9/2016 08:59

What an extraordinary comment!
and a bit creepy...
I would have thought his motives were clear, investing in a company with a potential to multibag from here.

[columbarius] 12/9/2016 21:00

Hard to know what his motives are as he's been named as a tax avoider

[assagai] 12/9/2016 15:12

Another great vote of confidence from a serious long term holder!

[columbarius] 26/8/2016 22:00

Rather an odd post redsails. You said you had bought in with the second trade of the day which was for 81,046 shares. Three and a half hours later 81,046 shares were sold and you edited your post out. Did you change your mind?

[vasilis] 23/8/2016 13:09

I'm not surprised CF issued that note yesterday as less than a month ago they issued a 'buy' recommendation -

Bearing in mind the subsequent rise since that July note it's no surprise that CF see it as 'prudent' (sometimes seen as a market euphemism for 'we better cover our ars* here') to put IGE on a 'Hold' rating for the time being pending further news from IGE.

columbarius - Interesting point re potential share issue. If done for the right reasons then I for one am all for it as long as us existing PIs get a look in. I expect that if that happened that shares would be issued (or placed) at a discount to the current share price - say around CF's current 'target price' of 5.2p - especially if new IIs were to be targeted. On that point, I wonder if there is any 'book building' exercise going on at the moment?

[columbarius] 23/8/2016 11:56

Agreed, looks like they're putting a lid on the recent exuberance. I wonder if the company will make use of the rapid price rise to issue shares to strengthen the balance sheet and satisfy some of the demand. They're authorised for 200m with 126m issued to date.

[assagai] 23/8/2016 11:06

StockMarketWire.com - Equity research analysts at Cantor Fitzgerald have downgraded their investment rating on Image Scan [LON:IGE] to 'hold' from 'buy', which it says is "in light of the excellent run in the share price in recent months"

Well that's hardly surprising is it when the shares have nearly trebled in a few weeks.
HOLD is good for me!

[assagai] 22/8/2016 15:15

Thanks Vasilis, interesting thoughts on CYAN, which i don't hold but my thoughts on potential were aimed squarely at IGE, which i do ( quite a lot)

[vasilis] 22/8/2016 14:46

Assagai

It's always interesting to compare growing companies like IGE and CYAN to see where the stengths and weaknesses are in the business models. I don't hold in CYAN but the acquisition of Connode seems to have changed the prospects of the company, though I would be wary of the statement that the gross margin was 'modest in percentage terms', and this bit from the Financial Review just made me smile :-

'Our gross margin will also further improve due to Connode's focus on software in their business model, together with the planned evolution to providing in-country partners with the right to manufacture CyanConnode hardware locally under a license fee/royalty model (similar to ARM Holdings plc).'

Bearing in mind the 'premier league' status of ARM and its share price currently around 1688p whilst that of CYAN is around 0.2p, it's a bit like the sunday pub football team of the Dog and Duck saying that they are adopting 'similar' tactics in their game strategy as Barcelona!

[assagai] 22/8/2016 12:46

Interesting Tech comparison CYAN holdings market cap 29 mill. turnover lower than ours and losses considerably greater . Three times our M cap. Vasilis I agree ( obviously ) about the greater long term potential here!

[vasilis] 22/8/2016 09:47

As I outlined in my post 4921 this is a classic recovery situation of a very small company whose success depends much more on delivery than on promises made to customers. Just to re-iterate what I said:-

'Of course the company still has to deliver to customer expectations and move into profit on the P&L, but the risk/reward is clearly now weighted towards the positive end of the spectrum in my view.'

The business objective of moving towards profitability is on course as the company now expects to approach breakeven at the EBITD level in the current financial year. However, the most important part to achieve this is this :-

'Bill Mawer, Chairman and CEO of Image Scan, said: "For a Company the size of Image Scan, large orders can present their own challenges. However excellent progress has been made with the planning for the recent orders and we have the commitments from our supply chain.'

Anyone who has run a small technology based company knows exactly the kind of issues that Bill Mawer is referring to - especially the dependence of deliveries along the supply chain. Delivery is everything and bodes well not just for this order but for future orders. IGE will be able to show future clients that they 'delivered on a large order for customer X' and that this carries a great deal of clout in the marketplace. And I'm sure that Bill Mawer is very well aware that this order has major implications for his current prospect list.

Long way to go, and some short term traders will no doubt pop in and out and adapt their stories to buy/sell to suit their positions and 'non-positions', but that's just the way it goes. My experience is that you gain more in the long run by running your winners so long as the story remains positive - and I've been around on ADVFN a lot longer than many, many short term traders - many of whom have disappeared into the ether over the years.

[puffintickler] 22/8/2016 08:56

...yes, I could have timed it better though.

[assagai] 22/8/2016 08:46

Yes puffintickler we all know you have sold.......

[puffintickler] 22/8/2016 08:36

Be careful not to get too excited at this stage. The TS does not add anything new, it just confirms the expected improvement in results but that profitability is still not achieved:

I am delighted that as a consequence Image Scan will now approach EBIT break even in the current financial year".

Even once EBIT break-even is achieved, more is needed to actually be profitable.


No position currently

[owenski] 22/8/2016 07:19

"Accordingly, the Company anticipates to have recognized the sale of approximately half this £800k order by the end of the financial year and therefore now expects to materially exceed current market expectations."

Good to read.