Intelligent Ultrasound Share Price (IUG)

Finally had time to watch the update. They are a good team operating in a developing opportunity.

If costs held and sales grow as suggested then off £14m they become profitable. They expect that this year. If growth maintained in the following year FY25 then we can get some true measurables currently SP looks right. With labour spending heavily on NHS (if you believe what they say) then this should benefit IUG. This will either get taken out or SP will start to move upwards when and if they get to PBT. Trading update in July will show whether SP will move this year or next.

The £2m credit facility with HSBC puts cash raise noise down. They are a good company but it may be another year before SP really moves.

Exactly as I expected. Market does not like but what did it expect?

Likely to be bolted on to larger co in similar business once it hits target this year.

One day off its wednesday

Last Trading Update

If costs held Clinical AI sales doubling as forecast and Simulation is growing then starts to look better value, if and only if cash is good. Can they deliver a H1 tiny Operating profit? We will know more tomorrow.

Outlook:

We remain positive about the outlook for the Group in 2024:

The Group therefore expects revenue in 2024 to be between £14m to £17m and continues to anticipate reaching profitability with its current cash.

Very good news indeed.

This should have a very positive impact on revenue which hopefully will remove fears of an imminent cash raise.

I do feel very positive now about this stock.