Image Scan Share Discussion Threads

[buywell3] 16/10/2020 20:34

if the AMEX IGE chart in the header ---- this one



was removed then this thread might gain some credibility

[knownowt] 16/10/2020 20:24

McG is filtered as far as I am concerned so I know not what he has written; I really am not interested. I am, however, very interested in the potential of this company and, therefore,am totally supportive of Bill Mawer who left Smiths Industries and invested his hard-earned savings in IGE. To me all the rest is irrelevant. If we look back to the aborted fundraise I have to blame the institutions who were too greedy in the discount that they demanded, not thinking one jot about the problem it could cause the majority shareholder if it were not all taken up. An underwritten rights issue would have avoided all that, albeit more expensive, but much more equitable for all shareholders.
I would like to point out also that Boundary, having a director on IGE's board, would have been uder the authority's microscope. That there have been no charges of any illegality (insider trading, etc)in all this time is clear evidence that the price is too low. This company is worth more than #4.1m stg.

[mr macgregor] 16/10/2020 17:42

Apologies monty68, I was confusing you with somebody else. I can see that back in the day you concurred.


Mr MacGregor7 Feb '18 - 14:03 - 5514 of 6386

They might be back to Boundary Capital for more soon then : )
There was a cash outflow again last year despite the decent reported profit. Thinking about it, how good was that profit?
On October 4th the directors pulled a rabbit out of the hat which gave a big boost to the share price. On 29th August they had anticipated a full year profit of £250k. Then a multi-unit portable X-ray order was placed earlier than expected and the Company accelerated the completion of units intended for delivery later in the year for another customer to satisfy this new order. Expected profit nearly doubled to £450k.
Now, were they robbing Peter to pay Paul ie. using legal though aggressive accountancy to boost H2 2017 profit at the expense of H1 2018? And was there any connection with the shaky £1m Asian export order? We know they take up front payments.
It's possible to envisage a scenario where profits were boosted to increase the share price to the advantage of Boulder Capital who timed their exit remarkably well and according to Paul Scott in his Stockopedia report on 31st January "they tried first to sell at 10p, then reduced the price to 8p, when the market price had been around 11-12p." They seemed keen to get out. How many investors were aware of that secondary placing or were they just puzzling over the share price collapse? Paul took part in the placing and says "It's difficult to shake off the feeling that those of us who took part in the 8p secondary placing were stitched up!"
As for Boundary Capital boasting about their investment strategy, with the benefit of hindsight it looks they were just using the bigger fool method but did they have an advantage through their connections with the company?

monty68 7 Feb '18 - 16:16 - 5515 of 6386

Yes quite

[columbarius] 16/10/2020 16:16

I've bought back in. After thorough research I'm certain Image Scan retains the licence from Ibex Innovations for their superior mapping technology which gives 4x better resolution and clearer discrimination of materials. I've been in touch with Ibex and they were unable to talk about it as it is considered price sensitive. There is every chance the new AXIS-CXi machine makes use of it which would give us a material competitive advantage. I've been through the formal company reports in detail and there is no mention of a termination of the Ibex licence, no mention of withdrawal from sale of products using the Ibex technology and no write-down of any costs associated with Threatscan 2 (precision linescan detector). I'm therefore confident the superior Ibex tech is still in play and will give Image Scan a competitive advantage worldwide. GLA.

[peterblok] 14/10/2020 15:21

Well thank you for that Mr M.

You may be right about Boundary Capital (I'm not clever enough to know), but I do trust Assegai (and his trained monkey whoever he is), so assuming you are no longer a shareholder, don't you think it would be better all round if you stopped posting?

Peter

[assagai] 12/10/2020 18:24

Why don't we all just wait for the update?

[assagai] 12/10/2020 17:54

Because it was launched today.....

[clocktower] 12/10/2020 17:36

On 01.09.2020 they said:"
"The Company will provide a pre-close statement on its results for the year to 30 September 2020 in October 2020."


So why not provide this at the same time as todays RNS?

So is the profit nearer breakeven that £100k?

Also from the previous RNS:

"a profit performance between breakeven and £100k."

[columbarius] 12/10/2020 15:42

It's all well and good announcing new products but what happened to sales of the last one, Threatscan2? That joint initiative with Ibex Innovations was launched on the same trajectory as Challenger.

[laugher] 12/10/2020 14:31

Looks interesting.More detail on their website, if of interest and not already viewed. https://www.3dx-ray.com/products/security/cxi-cabinet-system/

[monty68] 12/10/2020 12:54

This ought to tickle the shares up

[assagai] 12/10/2020 08:34

Ha ha, well what's the answer to having your deal to buy a mailroom scanner company blocked?.....
Build your own. Nice one Bill!

[volsung] 01/10/2020 09:48

Not often you’re bullish buywell

[buywell3] 01/10/2020 09:43

Does anyone see a bullish chart here ??



Brut Winky
30 Aug '20 - 21:44 - 6346 of 6346
0 0 0
Just noticed this company, fundamentals look good appear well run, charts look bullish

[monty68] 02/9/2020 18:15

Waggle-Hear Hear- and STFU to non shareholders.

Trident Seeing is believeing. never mind objectivity. See what is going on, talk to the people, then make your mind up as to whether the problem was dealt with as well as it could have been. What was the old saying-dont listen to fools, no names!!.

[trident5] 02/9/2020 17:35

Waggle - No I haven't spoken to management nor visited the site.

I avoid both when researching companies as I think getting that close blurs an objective approach to decision making.

Your satisfaction is no reason for people having to STFU.

[waggle] 02/9/2020 17:20

if anyone has reason to be disgruntled it is Assagai and self. venting fury and making libellous remarks serves no purpose. did any of you whingers visit the factory and havd a direct conversation about the Boundary ferrago?
I did,and i saw the stock from the cancelled order being re-badged etc; whilst immensely frustrated and many many 100's of thousands of pounds poorer i am nevertheless satisfied with what Bill is striving to achieve. in short STFU.

[trident5] 02/9/2020 17:11

Ass - Mr Mac is no relation.
I would have thought disgruntled shareholders are more common than the gruntled variety here.

[monty68] 02/9/2020 17:07

Trident/Mr Mac??. if you are a shareholder, welcome to stay even if we disagree, just dont see the point of non shareholders carrying on on a company BB.

[assagai] 02/9/2020 17:02

Trident, I'm a bit confused here. You just responded to Monty's comments addressed to Mr M, in the first person. Are you one and the same? You do always seem to appear together. For what it's worth and I'm no Lawyer i agree with prudent and I reckon Mr M has libelled the company. If I was them I would take it up through ADVFN.