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Shows somw very positive moves by the directors to motivate the staff. No pay increases, share options at +80% on the current sp, and date limited as well. Good stuff imho.
Mixed bag on trades, buys and sells... feel the sp has fallen too far and is due a bounce back up! GLA
I agree, there has been some significant changes of late... new Chairman which is highly respected and will hopefully bring some very good knowledge to the table... Also they have recently employed a new salesman to seek work in the far east... Cash burn has been reduced and hopefully the company with a couple more contract wins can start turning a good profit... GL
Morning Had a look last night,will keep my eye on this one seems to had a hard time but might be turning corner gl
of 1.19p or higher have been buys, the 300k sell which prompted the fall on the 17th has been counteracted now and minimal volume should strat to push us north again. GLA
Hopefully a few more tomorrow will start to move this north again, closer to NAV. GLA
Brian Simpson Emslie BMet (Hons) ‘Mr Emslie acts in an advisory or non executive director capacity for a number of high tech companies, providing input on strategic review and business development. He spent 30 years working for BOC Group plc, his last role being Business Development Director of BOC Edwards. Mr Emslie has key strengths in strategic planning, analysis of customer and markets needs, contract negotiations, and communications. His main responsibility is providing the lead in the sales and marketing strategy. Brian is the chairman of the Audit, Remuneration and Nominations Committees.’
and buy price is now 1.3p...
Spread is non existant... can buy @ 1.2p and sell for 1.2p! Could move up on very little volume... GL
Summary: The company has recently re-arranged the management structure and hired a new highly respectable chairman, Brian Simpson Emslie BMet (Hons). Cash burn has been reduced significantly and savings have been made. New pipelines are being opened, i.e moving over to India and the far east to seek more work. Current market cap is only £700k and NAV at the last results was £1.25Mill. From recent trading statement: 'The Board anticipates turnover for the year ended 30 September 2009 at GBP1.4 million (2008: GBP2.0 million). The year end cash balance is expected to be GBP850,000 (2008: GBP1.5 million) and the current order book is GBP293,000. Whilst security sales are comparable to the prior year, industrial sales reflect the difficult economic conditions. As a result of the bias towards the security sector, the Company has taken action to increase the potential to capitalise on these opportunities, whilst continuing to respond to industrial enquiries.' I feel that the company has turned a corner and if they can start winning some good contracts over here and the far east this could be an extremely good recovery play! Currently at it’s 52week low and fallen on no news… feel the sp should have a correction back to around the 2p level and when the next results are out and things start picking up the sp should move with it! All IMHO and DYOR. GLA
Image Scan's CEO, Louise George, commented, "During the year the Company has focused on refining its strategy and developing the routes to market for its security products, particularly in India and the Middle East, where there has been considerable interest shown in the FlatScan-TPXi portable system. The challenge for 2010 will be to convert that interest into sales in a period when Governments are having to balance economic reality against their security needs."
Buys coming through at 1.19p currently... GLA
'The Board anticipates turnover for the year ended 30 September 2009 at GBP1.4 million (2008: GBP2.0 million). The year end cash balance is expected to be GBP850,000 (2008: GBP1.5 million) and the current order book is GBP293,000. Whilst security sales are comparable to the prior year, industrial sales reflect the difficult economic conditions. As a result of the bias towards the security sector, the Company has taken action to increase the potential to capitalise on these opportunities, whilst continuing to respond to industrial enquiries.' 850k is cash as well as £1.25M NAV and a 700k market cap... surely this has to be seen as undervalued!
A good bounce here today, drop has been overdone IMHO. GLA
76k buy on PLUS @ 1.29p...
would be nice to see a little jump back up tomorrow, too cheap at current sp! GLA
24k buy on PLUS just came through, would be nice to see a little bounce from this level. GLA
Should tick back up a touch with just a couple more. GLA
'To maintain its competitive edge the Company continues to develop new products and technologies to meet its customers’ needs. In recent months the Company has introduced an entry level conventional baggage screening system, the AXIS-2D, which uniquely provides a field-upgradable path for the customer to the Company’s premium AXIS-3D® system. The introduction of the AXIS-2D product has already resulted in the first sale of the system scheduled for delivery in August 2009. The Company is in the process of selecting a trading partner in India, involving several months of market research and due diligence. It is believed that this will offer the opportunity to capitalise on the recent sales into India and respond to the significant demand for security equipment in that territory. As of 1 June 2009, the Company appointed an additional sales executive who brings extensive experience of security sales, particularly in the Middle East. Sales and confirmed orders for delivery in the second half of the year currently total £564,000.'