Image Scan Share Discussion Threads

[owenski] 17/5/2019 17:02

It was awful

[assagai] 17/5/2019 16:37

The dilution WAS NOT awful. Most of the purchase was to be funded by term debt.
At least READ the terms before YOU AGAIN bang your out of tune drum.

[peterblok] 17/5/2019 16:18

So I assume that you're a currently ininvested but still interested Party owenski?

[owenski] 17/5/2019 16:01

Yes, that's why the market loves it..... the intended dilution was awful, same old message from me, sort the basic business out and dont run before you can walk.

The share price has hit new lows since the interims, so it doesn't matter what I say, the market isn't buying this.

[paleje] 17/5/2019 15:02

Got to agree Assagai, what's done is done and we should be looking forward. Only a few weeks ago in the interims we learned that mgmt expect to end the year in line with expectations. The year ends September.

The outlook statement was particularly interesting I thought, confident and indicating that new projects would be kicking in which would add to new year numbers which already carry an eps forecast of 0.21p. We don't know how much they will add but we might get more information in the coming months. At the current share price we could be looking at forward eps of 6 or less. If you take cash out of the equation it's even better.

Outlook

The Company continues to see strong demand in both its significant product ranges. In security, there is a good pipeline of opportunities and the team is working hard to convert these into orders. We continue to expand the market footprint and frequently add new partners to our network. In industrial, our major customers are selectively building capacity in regions where tighter emissions control legislation, particularly for diesel engines, is driving demand, and this should continue to yield orders for our inspections systems. The addition of new industrial systems to our service scheme will provide additional recurring income.

In order to drive short to medium growth for the business we are now developing new X-ray inspection systems and have a pipeline of such projects. We expect to start seeing revenue from the first of these projects in the next financial year.

The staff at Image Scan continue to be enthusiastic, dedicated and creative and on behalf of my fellow Board members, I would like to formally thank our staff for their contribution during this period.

The Board and staff of Image Scan look forward to the future with confidence.

Bill Mawer

[assagai] 17/5/2019 13:36

Owenski you just can't help yourself banging on about how bad that deal was. It was a good deal and one major shareholder went against it without realising the damage that would do... Prophecy. Why don't you just park that worn out old drum you keep banging.

[clocktower] 17/5/2019 13:10

The MM will lock everyone in that is buying today, so very unlikely to see the bid increased by more than a few pips imo.

[owenski] 17/5/2019 12:52

Sure, read the recent results, they weren't good...... exactly

[assagai] 17/5/2019 12:48

Bego was on the bid at 1.2p this morning but took on 500k and retired to .9 that stock has all been bought so it just needs another mm to step up to 1.2 to create a market.

[clocktower] 17/5/2019 12:15

L2 still weak - so I think there must still be a seller in the background because there have been more buys than sells but we are where we are, with just two MM on bid at 1p but with a spread of 28% though you can trade well withing both spreads.

[waggle] 17/5/2019 11:21

care to share on your inside track for how the underlying busines is performing owenski??

[owenski] 17/5/2019 10:26

Dreadful stock, management screwed up with that ridiculous acquisition attempt..Plus the underlying business aint doing so good.

[clocktower] 17/5/2019 09:37

Looks like it might go sub 1p very soon once again.

[trident5] 02/5/2019 21:43

It's still there then?

[monty68] 25/4/2019 17:35

Tiswas-buy a few shares, come to the next meeting, and learn all about them!!!

[tiswas] 25/4/2019 11:43

Thanks Assagai.

Must be value at these levels but I probably need to understand their IP and how good the kit is better first.

[assagai] 25/4/2019 09:52

Rise Step bought in on a placing quite a few years ago at 2p. Basically a HNW individual via a previously connected third party. My understanding is this was simply an investment opportunity and do not believe harbours any long term ambitions to acquire. The other two you mention are long term holders and occasionally contribute to this board....
Certainly keep in contact with the company.

[tiswas] 25/4/2019 09:37

Do any long term holders here know when and why Rise Step bought in to IGE, what their main activities are and what sort of financial clout they have. Not much coming up when I google them. Just wondering whether they would be interested in buying the company?

Charles Cozens and David Allenby seem to have 15% between them and must be sitting on big losses. Any ideas if they are active shareholders?

Cheers.

[assagai] 25/4/2019 09:29

Blimey, Cantors confirmed target of 5.5p, that's quite a gap from here!

[paleje] 25/4/2019 09:19

Well the current year ends in 5 months and we know the reasons for the poor performance, agree 15 doesn't sound cheap. But new year with the co back on growth track, 8 sounds cheap to me with as yet unknown additional income from new projects to be factored in. Touch wood the story gets better again from here.

[amt] 25/4/2019 08:57

So even at these prices not particularly cheap.

[paleje] 25/4/2019 08:32

I was thinking the same garth, current year to Sept P/E 15 dropping to P/E 8 next year based on forecast, but Mawer said new projects expected to bolster revenues in new financial year so that could be conservative.

[garth] 25/4/2019 08:13

They did. Added a few more. Looks like they should be OK and might even surprise on the upside going forward.

G.