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Share Name Share Symbol Market Type Share ISIN Share Description
Image Scan Holdings LSE:IGE London Ordinary Share GB0031410581 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.85p 21,609 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.70p 2.00p 1.85p 1.85p 1.85p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 3.46 -0.15 -0.16 3.1

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Date Time Title Posts
24/12/201810:41Image Scan: ADVANCED IMAGING TECHNOLOGY for security and NDT5,922
06/12/201715:13IGE - WORLD leader in REAL-TIME X-RAY technology32
17/6/201408:45Image Scan Holdings CEO Interview on Tip TV-
30/11/201117:03International Gold / Bjorkdal4
23/12/200310:51Image Scan105

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Image Scan Daily Update: Image Scan Holdings is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker IGE. The last closing price for Image Scan was 1.85p.
Image Scan Holdings has a 4 week average price of 1.73p and a 12 week average price of 1.73p.
The 1 year high share price is 7.63p while the 1 year low share price is currently 1.73p.
There are currently 167,604,577 shares in issue and the average daily traded volume is 530,526 shares. The market capitalisation of Image Scan Holdings is £3,100,684.67.
trident5: They're now pursuing organic growth in the short term, but still want to buy companies should the share price recover. Hopefully it can get back to a decent exit price before they go empire building.
owenski: "Prophet of doom". How Shakespearian. How about a tiny M.cap company that just about made a profit suddenly decides it's got the clout to start raising funds to buy an address book from an unprofitable entity and dilute the share price into the bargain. It wasn't even earnings enhancing. They don't have the room or financial firepower to cope with any trading issues, yet they already had one in respects to the cancelled order. This isn't the next hi-tech giant starting out on it's journey. They operate in a small niche market place, the total addressable market is probably circa 50m. They should concentrate on doing what they do, they're not out of the woods yet with a burgeoning cash position, so spending money they don't earn is a bit too early yet. The share price is a disaster, because it reflects a disaster. No prophets of doom here, just sensible commentary on what has actually taken place.
trident5: Paleje - you are quite right in that the share price is not directly related to the company's day to day operations. And we've had some turmoil in the markets lately, particularly AIM. But I do think the share price action reflects recent appalling blunders by the management here. Hopefully, they are no concentrating on selling kit, and nothing else.
erogenous jones: Having invested in IGE a long time ago and averaged down, many might recall that I sold my holding a few years ago. I have, since then continued to follow this share and the shenanagans of those runnng this caper. Sadly, I do not place much value on the managers, which, no matter how compelling an argument to invest on the qualities of the product, does not motivate me to dip into my pocket at the moment. Of course, it is a different company now from then, but I fear that a return to plumb previous lows is inevitable. Few companies survive after a share price collapse of 90% and IGE has all the hallmarks of a gradual, strangled death.
mr macgregor: I haven't got time to look up your old posts imprudent but glad you're finding the time to read mine. I suppose my posts do make unpleasant reading for eager company disciples who see their management as whiter than white. In this case, you can blame Rise Step for the company's woes if you want but the impressive share price rise had no substance or else it wouldn't be returning to base. The skids were put under the price when Boundary Capital sold out. Remember, according to the IGE website at the time, one director of IGE was a partner in Boundary Capital and another was an investor. Was it sensible for the directors to be involved in a venture capital company that bragged about it's gain? How does that look now? "Boundary Capital exits Image Scan to realise gain for investors. Boundary Capital has announced its exit for the bulk of its holdings in AIM listed Image Scan Holdings Plc. The exit has returned four times the original investment for investors, after only three years. Boundary Capital has invested in a number of assets in technology and life sciences covering big data analytics, left science therapeutics and diagnostics, advanced manufacturing and security software. Image Scan Holdings plc has been a successful growth story. It has a range of different X-Ray products in the security and industrial market, notably portable X-Ray scanners for security in public places. Dan Somers, Managing Partner of Boundary Capital says: “We are delighted to return fourfold to our investors for this asset within three years. We are also pleased to have our investment thesis validated in this regard.”
mr macgregor: "no logic, just doing harm." I think that's utter tosh. You'll find people out to move a price one way or another on advfn post with a bizarre frequency that suggests they're either of unsound mind or else have sufficient financial interest to make them think it's worth spending the time. Anyway, it seems to me the company doesn't need any help in undermining it's reputation. The series of events referred to by diver999 is that the board issued a series of positive updates, the share price soared, Boundary Capital, a company in which two directors had a declared financial interest, sold out, the board issued a chain of negative updates and the share price slumped. I consider, perhaps wrongly, that my negative opinion on the chronology has logic and I'm not sure why you're so worried about opinions that differ from yours. I'm not worked up about your positive opinion. You're entitled to it.
kazoom: Not sure if you're including me on the 'suspects' list here, but honestly there is no agenda here from me. I'm a former and possibly future shareholder just telling it as I see it. I've been around on ADVFN (off and on) for a lonnnngg time and I think me record speaks for itself, I don't do ramping or deramping. And yes Assagai, I agree your correction to my point. A 22% shareholder can't for sure block a vote that only requires 50%. But if it is going to be a contentious vote anyway that is a heck of a headwind. Actually though I still stand by my view that she PROBABLY wasn't given sufficient facts before the event to give a clear ok to the proposed fund-raising. Looking back to the AGM, the two resolutions to allow the board to allot new shares were voted down, I wonder by whom? These are bog standard resolutions that almost every company passes every year on the nod. So, my take on this is that, for whatever reason, this shareholder does not want to see dilution. IMHO the board failed to address this. To be frank though, as I alluded to before, the idea that the Board made a mistake - that they can learn from - is a more positive view than to think there is a significant antagonistic shareholder with significant influence. Just my thoughts and I don't intend to say too much more on the subject. A share price of 2.9p and a market cap of less that £5m may well be a massive bargain, so I do wish all holders well. I have adapted my strategy over time and now look for clearer evidence that any 'issues' have been resolved, which probably means that I might end up paying twice the price (still below where I sold). But I do know from painful past experience that if another piece of bad news goes against the company, stupidly cheap can become insanely cheap. I sincerely hope that is not the case here - I would not buy at half the price if the story was worsening, but might buy at twice the price on clear improvements. Clearly there are rampers and de-rampers about on these boards, but there can also be honest views which might challenge your own - it's always worth reconsidering your views - I have found that hard too, but hey, it's all about learning. Best to all.
gnnmartin: I went to the last IGE GM, where the vote was not taken because RS were still opposed. I heard the inside story (not confidential, as far as I know). IGE had discussed the proposed takeover with RS before making the bid, RS had said they were supportive. However, when the bid was announced and the GM called, RS unexpectedly put in a proxy vote against. Several posters here have assumed that IGE did not sound out RS before making the bid. That assumption is incorrect. The bid was being discussed more than a year ago, before the Asian order was lost. At that the IGE share price was rising from 8p to 12p. It was very disappointing that by the time the bid was agreed in outline there were a number of companies seeking to raise money and the best price that IGE could get was 4p. They decided that it was still worth going ahead. Given the market now values IGE at around 3p, I don't see how anyone can fairly argue that 4p was too low.
pru dent: I hate clichés but I think we all need to wake up and smell the coffee! The Board is facing a situation where they must be questioning just who is running the company, who is dictating policy, who decides on future planning? Bill Mawer and his team have done a great job over the last few years. On the defecit, they have had one major order go pear-shaped and had to deal with an awkward investor sell out at a bad time. Neither of these things were as a result of poor management. On the flip side Bill Had got the share price up to 13p less than a year ago prior to these events. The purchase of Todd it seems to me was the outcome of two years of planning, to integrate an instantly positive contribution and more importantly the smooth cash contribution of maintenance contracts which are a joy to any tech company add to that the open doors to a whole bunch of new customers to approach for IGE's current offerings. This was a real opportunity to grow the company in all our interests. The share price closed at 4p on Friday. Bill really needs our support and whilst my holding is not large I will make sure it will be lodged firmly in favor (if we ever get to the Sep 4th meeting) My real concern is the worst case scenario which would be Bill questioning how much longer he should bang his head against the wall. Trying to run the company with one shareholder calling the shots. What would the company be worth without Bill? Looking back to the bad old days when we had a share price of 1p we had poor management and poor prospects. If the desire is to return to that then let's make sure we have enough ammo to shoot our feet clean off! Bill needs our support and we need him in place.
mr macgregor: 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?
Image Scan share price data is direct from the London Stock Exchange
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