Image Scan Share Discussion Threads

[garth] 21/10/2019 09:01

Had a teeny tiny nibble at a few more. Order book looking more encouraging. Cash still tight - but then it always has and they seem to tick over... What we need is a breakthrough though.

G.

PS - a few more than that 10k though.

[paleje] 21/10/2019 08:02

Yes PUG and loss as expected but strong start to the new FY, still a slog but not the basket case some were saying earlier in the year imo.

[pugugly] 21/10/2019 07:15

Sounding better

[clocktower] 01/10/2019 10:53

Charts change and so do fortunes Mr M. :-)

[clocktower] 24/9/2019 12:36

I expect a much stronger statement in October Mr M. I expect to see an increasing order book, and other positives that were previously one of the reasons for the slump.

DYOR.

[mr macgregor] 24/9/2019 12:09

Get the weak holders out the way? Are you blind to the chart? Anyone left holding this has the patience of a saint. I would argue they're misguided, but you can't call them weak.

[monty68] 18/9/2019 11:17

seems as iff something is rumbling in the jungle!!!

[trident5] 18/9/2019 10:07

I think the share price will be more correlated to profit delivery, clocktower.

[clocktower] 18/9/2019 09:45

Get the weak holders and small profit takers out the way and up we will go imo.

[trident5] 18/9/2019 09:15

A solid base to build on!

You're a glass full kind of guy.

[clocktower] 18/9/2019 08:59

They may get by without raising cash, as much of the loss might be just a write down of stock/goodwill and the usual, just to tidy up the books after past disasters.

A solid base to build upon imo.

[garth] 18/9/2019 08:45

Today's update:
The new contract, which is worth in excess of GBP800,000, is to provide Image Scan's ThreatScan(R) portable X-ray systems to a security organisation of a European country. ThreatScan(R) allows bomb technicians to perform rapid and accurate threat assessment in a wide range of operational scenarios. A system consists of a portable X-ray generator, a detection panel and an operator's workstation running the Company's market leading image processing software, together with a customer specific range of ancillary equipment.

The new contract is expected to be delivered in the first half of financial year ending 30 September 2020 and so will not impact the sales and profits performance for the year ending 30 September 2019. As previously reported, security sales were disappointing in the third quarter and the business will make a loss in FY 2019. The loss is the expected to be in the region of GBP400,000.

Interims:

Financial summary:

-- Order intake steady at GBP2.1m (2018: GBP2.0m)
-- Revenue declined to GBP1.4m (2018: GBP2.0m)
-- Gross profit margin increased to 47% (2018: 42%)
-- Loss before taxation of GBP178k (2018: profit of GBP39k)
-- Period end bank balance of GBP750k (2018: GBP752k)
-- Period end order book of GBP1.0m (2018: GBP1.1m)
-- Expected to meet market expectations for the financial year end

Finals:
HIGHLIGHTS

-- Sales of GBP3.5m (2017: GBP5m)
-- Gross margin increased to 47% (2017: 38%)
-- Profit before tax and exceptional costs associated with aborted acquisition of GBP96k (2017: GBP480k)

-- GBP780k of cash at the year end (2017: GBP1.3m)

Last interims:
Financial summary:

-- Order intake increased by 54% to GBP2.0m (2017: GBP1.3m)
-- Revenue flat at GBP2.0m (2017: GBP2.1m)
-- Gross profit margin increased to 40% (2017: 39%)
-- Profit before taxation of GBP39k (2017: GBP111k)
-- Period end bank balance of GBP752k (2017: GBP469k)
-- Period end order book of GBP1.1m (2017: GBP940k)

How much cash have they raised in the last year? From interims to interims the balance was little changed.

From Prelims
Net (DECREASE)/INCREASE in cash and cash equivalents (471,479)
Cash and cash equivalents at beginning of year 1,253,114

Cash and cash equivalents at end of year 781,635

It would be interesting to know what the balance of current order book is.


G.

[clocktower] 18/9/2019 08:25

Well that settles that, and with the circa £400k loss and an order for £800k we now have a spring board to recover from.

Look to the future, the past no prayer can bring again.

[walt_29] 18/9/2019 07:51

My earlier prophetic question would seem to have been true:

"Welcome although it is, why the sudden rise on no news flow? Is an announcement in the offing, and if so - who leaked it, and to who?"

How do the "Fat Cats" constantly get away with this insider dealing? Clearly the contract win was leaked and people have bough on the back of it before it was announced!

[buywell3] 18/9/2019 07:14

Contract win but 400k loss

Cash raise soon anyone ?

[clocktower] 16/9/2019 14:16

In that case Assagai, I hope your pain is short lived but surely your average is a lot lower?

[assagai] 16/9/2019 13:56

Clock tower, pardon my cynicism but I was holding at 12p, still holding,....... rather a lot!

[columbarius] 16/9/2019 12:20

I placed my faith and money on the advanced threatscan kit. I'm confident in the Ibex Innovations technology and it should differentiate them from competitors but for whatever reason IGE hasn't delivered meaningful sales yet. Hope springs eternal...

[monty68] 16/9/2019 11:45

Always the same, mug shareholders are the last to hear

[walt_29] 16/9/2019 11:36

Welcome although it is, why the sudden rise on no news flow? Is an announcement in the offing, and if so - who leaked it, and to who?

[clocktower] 16/9/2019 11:18

Not that long ago that it was 12p, so if we reach 8/10p within a year that is not unreasonable imo.

[assagai] 16/9/2019 11:07

Yes you are spot on.. . 08 to. 09 is as you say, towards 10p. But why not towards £100.or even a grand!!!

[clocktower] 16/9/2019 11:03

Upward and onward it could go towards 10p imo.

[mr macgregor] 14/9/2019 19:29

"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."

Two weeks remain then. If they announce a decent and secure order for their portable x-ray units in that time they might be worth a look but they haven't done that for over two years. Why not?