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Hey IGEers, I've made a post on my page Content for Investors summarising last weeks' interim results - I thought they were excellent and are the first signs of a turnaround happening under new management.
I aim to help get exciting AIM announcements like these noticed by a wider range of Private Investors. If you think this is useful then please drop a like and repost, it would be greatly appreciated.
Link is: https://www.linkedin.com/feed/update/urn:li:activity:7059856963009945601
Lovely to see people buying this up to 2.5p
In their interims they talked about R&D on high end portable products, I'd be very interested to know a bit more about the direction they're taking with this.
both IGE and PMG (worth a look ) doing well today
Early days, but results today indicate the possibility of better times going forward. I have traded this share profitably over the years in addition to long term holding and feel this company now is on the up. There have been added share purchases by by people connected with the company in the past who obviously saw beyond short term issues or had hopes it would get beyond them. I also believe this company might attract interest from others or it could go for acquisition again once continued profitability is confirmed, which in itself should stimulate a rally in the share price.
There was a buy order filled at 2.1p today, the highest in eleven months. If the new management are any good (which I've heard whispers they are) and they steer the good ship IGE back into profitability then this uptick might be the start of some fun.
Braveheart and especially Rise Step's involvement makes things even more interesting - after having a quiet word about the direction of the company and getting one of their men (Sunil Vadgama, someone with great x-ray commercialisation experience) on the board this will be a test of whether they've read the room correctly.
Does anyone know when results are due? The website says H1 prelim results are due April 2023 so hopefully we'll know a bit more in the next few weeks.
Evening Folks,
Have we got any idea what each unit sells for?
SG
3DX-Ray (a wholly owned subsidiary of IGE) have announced that they've sold 'a quantity' of their THREAT SCAN-LSC systems to the Brazilian State Military Police. Whilst not clear how many units, it's now being used by six different state teams (Bahia, Pará, Paraíba, Rondônia, Santa Catarina and São Paulo). Brazil's a big country and these states are geographically dispersed so we can assume it's AT LEAST six units.
Great news and following on from their recent sales in Africa it demonstrates that these Threatscan systems have a global appeal.
https://www.3dx-ray.com/3dx-ray-announce-the-sale-of-a-quantity-of-threat-scan-lsc-systems-to-the-brazilian-state-military-police-eod-team/
Not sure what is "looking good". Fairly lacklustre Annual Report with limited optimism for medium term recovery? Not sure I share your outlook on the company...
Looking good and not long before it going to take off.
Price up on Friday and down today - why? Its the lack of news that I don't understand. Is there really nothing worth reporting, or are they simply not sharing any news with share holders (a bit odd for a plc)?
Interesting burst of activity today and 20% rise. No news as I can see. Been buying for a long time and did so again recently keeping the faith that this company will plod on through thick and thin and eventually come right. Is that about to happen? I wonder , and watch for news.
Trading Update
Image Scan (AIM: IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets provides a pre-close trading update of its unaudited results for the year ended 30 September 2022.
Further to our revised guidance issued on 22 February 2022, we confirm that revenues and profit for the year will be below market expectations principally due to the slippage of contracts into next year that had been expected to complete before the year end. The second half has been challenging due to government contract delays and component supply issues which have had an impact across our product range and will continue to do so for the foreseeable future.
There is an uplift in market activity particularly around government opportunities which have been suppressed or delayed over the past two years. The levels of demonstration activity are improving along with attendance at trade shows - this is encouraging for the coming year.
Although the prospects for the global economy in the months ahead are uncertain and the exchange rate will provide opportunities and risks to the business, we believe that we are well placed to deliver an improvement on this year's suppressed results. This is based on the continued opening of the global market place post pandemic which has allowed our new products greater exposure both at trade shows and through customer demonstrations. Although our opening order book is stronger than last year, our expectations for the coming year are now lower than they were previously expected due to a prudent assessment of the continuing challenges.
Image Scan's Chief Executive, Vince Deery, commented: "Despite the challenges of the uncertain economic outlook, contract delays, supply side challenges and exchange rate concerns we retain our optimistic outlook for the future and an improved 2023. We continue to invest in new products and product developments to maintain and grow our market share."
Troajan
what is happening
specialists in the field of X-ray imaging for the security and industrial inspection markets, announces the award of a contract to supply a portable X-ray scanning system to a Federal Agency in the USA. The contract is the first part of a framework order that could lead to the purchase of a further twelve systems.!!!!
Portable XRay sales to US federal govt and RNS on global distribution. Yet no volume arrived. Unnoticed by market as yet
Nice !!! Got some on that news
Nearly every time I buy this share it shows as a sale. Who is trying to manipulate the value of this volatile share?
Share price clearly lower than indicated here. I have made 3 small buys over last fortnight and all show here as sales. I suggest most of these sales are in fact buys.
Not bad for a humble penny stock
Yes, agreed, Monty, this is more than just a tip...! Let's see what transpires but, like you, I hope it is something other than a takeover
It is beginning to look like more than a tip in Master Investor two weeks ago. It is illiquid, but for decades a move of over 15% after a rise in prior sessions has often resulted in a takeover bid or very positive RNS. Sadly in the current climate I suspect the former.
Looks as though the Master Investor article has breathed life into IGE
https://masterinvestor.co.uk/equities/image-scan-holdings-a-real-penny-stock-gamble/
Great Opp to buy in......Investors flooding in...
https://www.youtube.com/watch?v=nXQuw7g1e7s&feature=youtu.be