Image Scan Share Discussion Threads

[monty68] 07/8/2019 16:29

Mr MacGregor/Owenski Rubbish

[owenski] 07/8/2019 08:59

This operates out of a fairly small unit on a trading estate, it doesn't have the facility, size or finances to cope with sustained large order intake anyway.

When it announced it's first and only original set of large orders a couple of years back - the ones that eventually propelled the share price that Boundary wisely dumped into - it struggled to cope with that order volume on it's premises.

Since then the wheels have come off as well. This aint cheap, it's a disaster.

[mr macgregor] 07/8/2019 08:50

That issue may have gone but it raised questions about corporate governance that are ongoing in my opinion. I think the non-exec and certain shareholders have been patsies.

[walt_29] 06/8/2019 11:40

The past Boundary Capital issue, no matter how galling it may be, has gone. I'm more interested in the future of ISH. For a relatively small investment (£4k) the BoD members could acquire 500k shares each, not a massive percentage of the company, but at least it would show that the BoD and in particular the sales guy who has a ridiculously small investment in the company, have some faith in the future of ISH.

[mr macgregor] 06/8/2019 11:15

More to the point, have the directors given up their financial interest in Boundary Capital? That's the company that made a very good profit selling out after a flurry of positive trading updates before the good news turned to dust.
Hope all those regular attendees at the AGMs have also made a killing.

[buywell3] 02/8/2019 13:04

Seems that way ?

what do others think

[walt_29] 19/7/2019 14:12

Now below 0.8p! If they believe in the company, why aren't the directors jumping in at this low price - particularly the Sales guy Deery? Have the BoD also given up on the company?

[buywell3] 17/7/2019 16:23

Surely a coven is applicable to witches

ie females ... which trolls are those ?

[diver999] 17/7/2019 15:12

diver999 19 May '19 - 09:08 - 6077

I think we need to forget all about the Todd acquisition - it is history and Todd has already been bundled off to a related party. It always was a dodgy deal, as I have posted in the past - a dormant company with business injected at the last moment. It took me less than 10 minutes on Companies House to trace the seller's roots back to offshore (British Virgin Islands). Maybe Phoebe did this as part of her due diligence.

IMO, this company needs to be taken private. The listing costs are ridiculous in relation to its size. The management had it's chance, and blew it through carelessness, twice. It is now impossible to raise funds.

[clocktower] 17/7/2019 14:06

And a busy bee one director be!

Interesting valuation:

[trident5] 16/7/2019 17:07

It's all there on Companies House - no-one I know.
Clearly the previous owners were very keen to sell.

[monty68] 16/7/2019 16:46

Lost oportunity. I hope IGE are still able to work with theme.
Who bought Todd Research

[trident5] 16/7/2019 14:10

Looks like someone else bought Todd Research a couple of months ago

[gnnmartin] 01/7/2019 16:17

Gosh, what an extraordinary share.

[buywell3] 01/7/2019 14:24

So now we are back where we were


And are the BOD members buying their paper at these historical lows ?

[buywell3] 27/6/2019 09:16

second sentence is the killer in the update extract


it implies IMO several projects are toast and monies spent will have been wasted



"Historically, our second half sales have been substantially stronger than those in the first half, and in announcing our FY 2019 first half results, we could see a strong enough pipeline to support our year-end expectations.
That a number of those projects have not materialised is disappointing and has led to this revised view of the year end.''



MM's have marked it up 20% though on 4 trades = 220K shares total = 2.2K spent

[monty68] 26/6/2019 17:17

Buywell, you have been reading the Harvard School of Business "How to success in Business"
Would that it is so easy!

[buywell3] 26/6/2019 17:11

A) There is a need to shed all loss making bits ... sell if at all possible

B) Keep whatever bit is making any money

C) Get rid of all staff apart from in B)

D) All BOD to take a 20% pay cut and freeze for 3 years

[owenski] 26/6/2019 15:11

Do wonder if they'll raise some more WC at some point.

It'll be priced at disaster levels if so, sub 0.5p????

[monty68] 26/6/2019 10:53

what "Successful business"? Selective memory

Disappointing though, but times are tough

[owenski] 26/6/2019 09:43

Yep, the wise folk have already stated the problems here.... Only the fools and the blind still remain.

[clocktower] 26/6/2019 08:22

I suggested the BoD should be removed, as their actions have driven a successful business into the ground and all they have done is blame the largest stakeholder in the past.

Their expectations once again have been shown to be nothing more than pipe dreams.

[escapetohome] 26/6/2019 08:08

Trading update

Image Scan (AIM:IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets provides this trading update for the financial year to 30 September 2019.

Security orders and sales have been disappointing in the third quarter and the Company is now unlikely to meet market expectations for sales and profit at the end of the financial year. Several overseas Government projects for portable X-ray systems, that had been expected to contribute to on-target earnings, have been delayed or postponed and are now unlikely to be realised in this year's results.

The industrial X-ray inspection sales are performing in line with management expectations.

In light of this, the business is now expected to make a loss in FY 2019, though the quantum of the loss at the year-end will depend on orders due to be received in the next few months.

Image Scan's Chairman and Chief Executive, Bill Mawer, commented: "Historically, our second half sales have been substantially stronger than those in the first half, and in announcing our FY 2019 first half results, we could see a strong enough pipeline to support our year-end expectations. That a number of those projects have not materialised is disappointing and has led to this revised view of the year end. Looking to the future, our internal product development programme is moving ahead rapidly, and we are working on partnerships to further expand our product range."

The Company will provide a pre-close statement on its results for the year to 30 September 2019 in October 2019.

-ENDS-