Member Info for MikeF

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

http://eurologixmedical.com/products/Eurologix%20TPXi%20-%20DS.pdf

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."

Watched this for a little while but not able to buy... Halifax won't let me trade it!

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

NAV is £1.25Mill and market cap is 700k!

http://www.passengerterminaltoday.com/audio.php?GroupID=178

'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.'

Can buy below mid @ 1.2p. GLA

Sp has fallen too far IMHO, market cap of only 700k... i'm in for a punt at this price... GLA

recommendation... http://www.hemscott.com/companies/company-summary.do?companyId=4359 GLA

Huge potential here, stick it on your watchlist for when the next results are released. GLA

that KED has more to offer than this i have had a little money in this for a long time and have pulled the remainder out this morning... GLA