Image Scan Share Discussion Threads

[high park] 06/3/2018 18:57

Hanging on, Monty.

[monty68] 06/3/2018 15:15

hang on Sloopy hang on, to use the words of the song. The recent fall has been greatly overdone, IMHO

[high park] 06/3/2018 14:45

I need a little help with this share. In the last week the share price has gone up 13% on two occasions, on ridiculously low turnover, 75K I seem to remember, and no comments on this board. Today the turnover less than 0.2% and we're up 1.85%. Spread is a whopping 10%. I'm in for 225K and 40% underwater. What should I do?

[superg1] 06/3/2018 14:41

Mr M

Just picking up on your point.

I see they did big chunk on the 28th Nov and were later reporting another chunk on 1st Dec. They only had 1.9% left by then so probably all gone now.

From the Boundary website.

Boundary Capital has seen the price of its shares in Image Scan Holdings plc grow by five and a half times since their initial investment three years ago due to the stellar development and growth of Image Scan.

Boundary Capital finds and appoints ‘VenturersR17; who both co-invest alongside Boundary and take an active role in the development to supercharge the development and reducing the risk and costs. The Venturer in Image Scan, also their Chairman and CEO, is Bill Mawer whose experience and energy has been instrumental in completely turning the fortunes of Image Scan around. Boundary Capital Partner Dr Richard Leaver is also a board director.

[superg1] 06/3/2018 14:41

Mr M

Just picking up on your point.

I see they did big chunk on the 28th Nov and were later reporting another chunk on 1st Dec. They only had 1.9% left by then so probably all gone now.

From the Boundary website.

Boundary Capital has seen the price of its shares in Image Scan Holdings plc grow by five and a half times since their initial investment three years ago due to the stellar development and growth of Image Scan.

Boundary Capital finds and appoints ‘VenturersR17; who both co-invest alongside Boundary and take an active role in the development to supercharge the development and reducing the risk and costs. The Venturer in Image Scan, also their Chairman and CEO, is Bill Mawer whose experience and energy has been instrumental in completely turning the fortunes of Image Scan around. Boundary Capital Partner Dr Richard Leaver is also a board director.

[ali47fish] 06/3/2018 13:44

is it time to add to this one from anyone with insight

[waggle] 05/3/2018 16:26

Mr MacG, the questions were answered infull at the AGM, and wilst i cannot comment on Mr Leaver's position certailny Mr Mawer left the meeting in no doubt whatsovere that he has NOT gained inasmuch as no disposals have been made on his behalf by Boundary nor indeed has he made any indirectly. he,as per posts above, is hurting just as much as the rest of us...with the notable exception of a couple of other holders!!

[mr macgregor] 05/3/2018 16:09

According to the IGE website, one of the IGE directors is a partner in Boundary Capital and another director has a holding in Boundary Capital. It follows that both directors profited from Boundary's capital gain from the sale of IGE shares that followed a flurry of positive trading updates issued by IGE directors. The updates turned negative after the Boundary Capital share sale. Anyone considering purchasing IGE shares ought to take this into account, and unpublished explanations at shareholders' meetings do nothing to assuage doubts. I'm sure seasoned AIM investors have seen all this before. In short, you haven't convinced me to buy but good luck with your investment.

[monty68] 05/3/2018 15:52

Mc McG- This is really not a fair comment. No one is "Glossing over" anything. A full and complete explantion was given to the meeting. No one felt that they had to ask any further questions.

No director profited except very indirectly, andevents were not within their control. They all have substanial shareholdings which were as badly effected as the rest of us.

[mr macgregor] 05/3/2018 15:35

If shareholders are happy, fine for them. I can understand some wanting to gloss over what happened last year until they have an opportunity to sell. Nose in the trough directors in my opinion.

[superg1] 05/3/2018 09:10

Another company were there no shares available. Can't even get a quote for £300's worth.

[monty68] 28/2/2018 18:06

Mr McG- I said "detailed and completely satisfactory explaination of the events regarding the sale of Boundarys EIS shares at the end of the three year EIS relief."
and that is exactly what it was.

If you felt so strongly that particular questions should have been asked, you should have attaended.

[paleje] 28/2/2018 17:35

You don't normally get many questions like that asked let alone answered at AGM's Mr McG, at least not in my experience of them. Thanks for the feedback Monty68.

[assagai] 28/2/2018 17:30

Well put Monty. Sadly I arrived too late to hear Bill's coverage of the "events" but having discussed this with Waggle, concur that all was fair and just bad luck in the case of the cancelled order. IGE clearly is on track for good things in the near and far and I remain committed! Nice to see you!

[mr macgregor] 28/2/2018 17:26

Were any probing questions asked given one Image Scan director is a partner in Boundary Capital and another has a financial interest in Boundary's performance? Interesting that the timing of the positive updates coincided with the end of three year EIS relief and the positive updates couldn't be maintained after Boundary's sale. Was any revenue from the cancelled order booked in H1?

[monty68] 28/2/2018 16:51

Excellent AGM with a detailed and completely satisfactory explaination of the events regarding the sale of Boundarys EIS shares at the end of the three year EIS relief.

Also the fact that the cancelled order was from an important and long standing distributor rather than a direct customer and was a result of their customers budget being cancelled.
These things happen and you dont upset a good idstributor just because he has had a problem with one of his customers, so an amicable settlement will be found. In any case the units will be resold.

[paleje] 27/2/2018 10:05

Still decent value at this level in spite of the bad taste over how things have happened.

By or before the time they announce first half (small loss) results they will probably have repackaged and sold more of the cancelled order, agreed terms with the customer and updated forward sales outlook.

They say they'll remain profitable for the full year ending September with H2 being the better half. Then it's look ahead to 2019 starting October which is what we should focus on not the short term disruption imo, annoying though it is.

Any snippets from the agm later would be appreciated.

[high park] 26/2/2018 23:49

Definitely unter wasser.

[barnetpeter] 26/2/2018 21:36

Most people bought these at 8/9p so most are way under water...so a penny rise from the lows? Big deal. Mind you, I did take out a spread bet at 4.5p so hoping to make up a bit of my paper loss on the held stock

[knownowt] 26/2/2018 20:32

Have a look at the trades; there is not one trade at the bid price which suggests that not all is as the ADVFN program would have you believe. Market-makers are not stock jobbers - a German translation of which is borsen spekulanten - and try to keep a balanced book. Tomorrow's trading update, hopefully, will be reassuring but if there is any room for doubt then those same market-makers will be shaking the tree to see what they can pick up at eye-wateringly lower prices - that's their job. If you believe in the new management, as I do, this could be a great opportunity. I have been invested now for 15 years (at times I wondered why!) and I still have faith.

[high park] 26/2/2018 19:53

Quite so trident, but today's volume is relatively high, discounting the odd 3 or 4 mills occasionally. And they're essentially all buys. I would have expected the share price to respond.

[trident5] 26/2/2018 18:22

HP - I don't think you always see all the day's activity - and the volumes you've referenced are insignificant anyway.

[high park] 26/2/2018 16:08

Very odd share this, and nobody on the BB

Friday we were up 26.37% on ridiculously low volume.

Today 15K buys against 366K sells, and the price doesn't move.

[high park] 23/2/2018 22:13

So what caused this insignificant surge?