Image Scan Share Discussion Threads

[clocktower] 23/12/2022 08:49

Another new profile of a clown that is clueless but you can see that from the posts - OVER SOLD - it clearly was!!
I copied it below - before its amended or deleted.

"Letsdothis22 Dec '22 - 21:42 - 6826 of 6826
0 0 3
WAY WAY OVET SOLD
LOOK AT THAT RSI it’s BOILING"

[letsdothis] 22/12/2022 21:42

WAY WAY OVET SOLDLOOK AT THAT RSI it's BOILING

[letsdothis] 22/12/2022 21:35

PURE GARBAGE easy short lmao DONT join the hype train and be left holding HEAVY bags my brothers

[letsdothis] 22/12/2022 21:34

Earnings have declined by 21.1% per year over past 5 yearsHighly volatile share price over the past 3 monthsDoes not have a meaningful market cap (£2M)Does not have meaningful revenue (£2M)Why buy JUNK ?

[letsdothis] 22/12/2022 21:34

CARFUL OF THIS JUNK THEY ARE TRYING TO DRAW IN MUG RETAIL PUNTERS TO SELL THERE SHARES TO (of load & make gains meanwhile you loose as share price dips ) wakey wakey boys

[letsdothis] 22/12/2022 21:33

Earnings have declined by 21.1% per year over past 5 yearsHighly volatile share price over the past 3 monthsDoes not have a meaningful market cap (£2M)Does not have meaningful revenue (£2M)

[halfpenny] 22/12/2022 16:13

Nice moves today and plenty of scope with a strong 2023.
Keep on smiling 2p soon then 3p …enjoy

[assagai] 22/12/2022 15:51

Dunno, what message should it give?
Braveheart are currently below 3%...
So not listed.

[ali47fish] 22/12/2022 14:38

this is the only intitutional investor listed by the ft- if this is so what message does this give?


Holder Shares % Held
Quilter Cheviot Ltd.
AS OF 28 JUL 2022
6.64m 4.85%

[clocktower] 19/12/2022 09:56

Braveheart Investment Group (AIM: BRH), is pleased to announce that it has purchased 3,250,000 ordinary shares of one pence each in Image Scan Holdings plc ("ISH") at an average price of 1 pence per share for a total consideration of £32,500. Upon completion of the transaction, Braveheart will own 2.37 per cent. of the issued share capital of ISH.

 

ISH, the specialist supplier of X-ray screening systems to the security and industrial inspection markets, is an operating company whose ordinary shares are admitted to trading on AIM (AIM: IGE). In the year ended 30 September 2022, ISH incurred a loss before taxation of £349,523 and as at that date had audited net assets of £1,387,7

[clocktower] 16/12/2022 09:31

Maybe the order will just keep the company ticking over, and the profit will not justify the issue of a RNS Pru Dent.

You have to accept you are powerless and now there is a new director that will be calling to tune and no doubt for the better.

[pru dent] 15/12/2022 18:42

Walt, this is just another example of the arrogant attitude this Board has towards shareholders. They do absolutely nothing proactive for us which is a very foolish position. Have they forgotten that it is we who own the company and maybe they do enjoy picking up their monthly paycheck, but if enough of us get together, that comfort blanket can be removed. Okay, so maybe Rise Step seem happy with their investment value halving in how many years is it? 10? But I bet some of the other larger shareholders aren't. I would dearly love to find a way to get in touch with a few of them
(quilter should be easy enough) and see if we can have enough support to get a movement going to replace this board who do not support shareholder interests. They don't even have any shareholdings to speak of. Frankly, what have we got to lose at these levels?
Suppose we could just google the other names and maybe get lucky with contacting the right people.

[walt_29] 15/12/2022 16:02

Pru - I see from IGE's website they did announce the new order for 16 units that you mention, however I don't see any RNS?
I do not know what is the cost for one of these units, but if we guess its around £25k that is £400k order - surely that warrants an RNS announcement?
If the don't tell the investment community about these good news stories, how can you expect share price to respond?

[pru dent] 15/12/2022 15:30

Well Nick, totally accept your explanation and although not specifically naming you, you can understand my suspicions Though isn't it strange that he should only appear twice in 4 years and only to have a go at our company.
And if you do know him, why not have a word on the QT?

Apologies for the misleading supposition

[nickdfox] 15/12/2022 13:50

Pru Dent, an ex-colleague of mine pointed me to your recent post concerning Reynard4 and I felt I need to respond in person to your accusation. Having read the post in question I immediately registered with ADVFN this morning so that I could have the opportunity to respond publicly and directly.

I can most assuredly state that Reynard4 is not me nor do they represent my views and sentiments in respect of IGE. As the Founder, previous CEO and Technical Director of IGE, I have always felt, having left the company to build my new business, it would be totally inappropriate for me to comment on any of the company’s current actions, personnel or management and until today have strictly avoided getting involved in any related public discussions concerning IGE or its shareholders.

I note from reading some of the recent back history of comments on ADVFN that this BB seems to involve very little real analysis of the company and more interested in squabbles between current and past shareholders. Although I have my suspicions with respect to who Reaynard4 may be, again I do not wish to get involved in any personal battles with people, particularly if their motivation would seem to be to stir trouble for IGE for their own gains or simple harmful mischief through unsubstantiated claims and comments.

I cannot, and will not, comment on any of the statements made on this BB but hope this “outburst̶1; will at least set the record straight with respect Pru Dent’s false supposition concerning me and any relationship I may have with Reynard4.

[mjcrockett] 15/12/2022 12:25

It is particularly significant that the new director was put forward by Rise Step. They will clearly be looking to turn the Company around and must think that the new man will help. Perhaps Rise Step or Mr Allenby have further ambitions for Image Scan?

[pru dent] 15/12/2022 12:05

Well a major holder increased stake, a new apparently highly suitable director appointed and a very significant new order for threat scan ( 16 units) and all gone completely unnoticed

Interesting. Reynard, that's your second whole post in 4 years both about image scan both negative....
Reynard.....FOX, if so, not very subtle!

[reynard4] 13/12/2022 12:42

Or a couple of florists shops... So, a year or so ago, they started capitalising development costs (NEVER a good sign) and as of the interims, this had got up to 425k. How much has been capitalised this time ? It seems that claims of great new products sounds like an excuse to bump up intangibles - to what ? - we have to wait to see that. If you knock that off the balance sheet, it's all looking a bit marginal.

[clocktower] 13/12/2022 12:20

Not a pretty picture at all.

With trade and other payables at around £150k more than those receivable and inventories up by over £200k - the £690k cash does not look like a strong platform.

Surely there would be good savings if it were to de-list now that it's turnover is not that different to that of a few ice cream vans.

[mr macgregor] 13/12/2022 11:29

"which is the sum of the cash and the Inventory"

You ought to have added as at 30th September 2022. Cash is likely to have declined since then - note that they're not confident in the short term -
"Whilst there are still macroeconomic uncertainties and challenges and the domestic economic outlook looks weak, the Board of Directors is confident in the Group's prospects in the medium to long term."
That's another of their thinly veiled H1 profit warnings.

Yes it looks cheap valued around net assets of £1.4m but if you live in the south-east your house is likely worth more than that. It's not cheap because it's been unfairly overlooked. It's cheap because it's a dog that's been wandering in circles for years. In 2008 their net assets were higher at £1.6m!
It's not just the decline in value over the years that has cost investors. It's the opportunity cost. Just think where you might have been invested instead.
It beats me why they're even listed.


"Our balance sheet provides us with a strong operational and financial platform from which to deliver growth."

Really? 690k is a strong financial platform? Utter nonsense.

[walt_29] 13/12/2022 08:50

I love your confidence - keep positive! However, I was just hoping for more and felt 12 months was a reasonable time frame particulalrly given that he's not new to the company and been on the managment team for several years.

[mjcrockett] 13/12/2022 08:28

Give Vince Deery a chance. He has got a few challenges which are not of the Company's making.

I thought the results were as expected given comments from earlier trading updates. They broke even in the second half after a loss making first half. The order book is improving and say they have made an encouraging start to the year. At the current level the Company is only valued at £1.3 million which is the sum of the cash and the Inventory - so the business has no value. If they do have a better year this will seem very cheap.

[walt_29] 13/12/2022 07:48

Just read the RNS this morning - very disappointing. It would seem that the lack of news flow does genuinely reflect the company's status - nothing of any note is happening.

After nearly 12 months have to ask is Deery up to the job? The evidence would say no.

[mr macgregor] 29/11/2022 20:46

Well named then…

[knownowt] 18/11/2022 20:57

Hear, hear - or is it Here, here? My faith remains ....