Image Scan Holdings

IGE: 4.40 -0.05 (▼1.14%)

Delayed:2018-02-16 16:57:06
Bid Price 4.20 High Price 4.48
Ask Price 4.50 Low Price 4.40
Open Price 4.48 Spread 6.90%
Prev Close 4.35 Volume 17,747.00

Image Scan Holdings Share Price Chart


Historic - 1 year

Image Scan Holdings Share Price Information

Name Image Scan Holdings Epic IGE
Sector Electronic & Electrical Equipment ISIN GB0031410581
Activites Image Scan Holdings plc is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets. The Company's Security portfolio includes the ThreatScan® range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system. The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines. The Company was founded in 1996 and joined AIM in 2002. Security Type Equity

Key numbers

Latest Share Price (p) 4.35 Net Gearing (%) 23.82
Market Cap (£m) 5.92 Gross Gearing (%) 54.87
Shares in issue (m) 136.00 Debt Ratio 0.00
P/E Ratio 9.67 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 2.22
Dividend Yield (%) 0.00 Price to book value 3.25
Dividend Cover 0.00 SROCE (%) 26.23
Earning per share (p) 0.45 EPS Growth (%) 462.50
52-week high / low (p) 13.25 / 3.50 DPS Growth (%)

Image Scan Holdings Broker Views

Date Broker Rec. Price Old target price New target price Notes
11 May Cantor Fitzgerald Buy 4.40 7.60 7.60 Reiterates
26 Apr Cantor Fitzgerald Buy 4.40 7.60 7.60 Reiterates
21 Feb Cantor Fitzgerald Buy 4.40 7.60 7.60 Reiterates
06 Dec Cantor Fitzgerald Buy 4.40 7.60 7.60 Reiterates
17 Oct Cantor Fitzgerald Buy 4.40 5.20 7.60 Upgrades

Image Scan Holdings Director Deals

Image Scan Holdings Company News

Image Scan sales up 50%

Image Scan's total order intake increased by 25% to £5.4m in the year to the end of September.

Sales increased 50% to £5.0m at a gross margin of 38% (2016: 42%) and pre-tax trading profits jumped by 350% to £477k.

The group had a closing order book of £2.1m (2016: £1.7m) and cash of £1.3m (2016 £1.1m).

Chairman and chief executive Bill Mawer said: 'For a second consecutive year, sales of our range of portable X-ray systems to both current customers and first-time users increased considerably.

'We launched important new products and opened up promising new markets, a real team effort.

'I am also pleased with the continued progress in our supply chain and manufacturing processes, and with the growing library of positive feedback from users.

'We started the new year with a record order book but have yet to finalise extended delivery dates on a portion of those orders.

'We continue to target large, multi-unit orders across our markets and this remains our primary short-term focus.

'In growing our order intake, we are focused on diversifying our customer base, as in both our security and industrial businesses, a significant portion of the revenue is currently dependent on a small group of customers.

'In order to maximise the revenue from our well-developed route to market, we also plan to work towards adding new product lines to our portfolio during the coming year, beyond our current portable and industrial X-ray systems.

'This will be achieved through internal development, through partnerships or by acquisition and we can see opportunities in each of these areas.'

At 9:09am: (LON:IGE) Image Scan Holdings PLC share price was -1.5p at 7.88p

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Image Scan increases FY profit forecast

Image Scan expects pre-tax profits to be higher than previous forecasts following an exceptionally busy September.

An update issued on 29 Aug pointed to sales of approximately £4.5m and pre-tax profits of £250k.

But it said 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.

Also, factory acceptance on two industrial x-ray inspection machines was completed earlier than expected.

It said the combined effect of these changes meant that the company generated sales of approximately £5.0m and subject to any audit adjustments, expected to report profit before tax of approximately £450k in FY17.

The order book at 30 Sep was £2.1m.

It said delivery times on some orders were still subject to negotiation and could exceed 12 months in some cases.

Chairman and chief executive Bill Mawer said: 'September has been an exceptionally busy month for the company and the response of our staff to new opportunities has been very impressive.

' I am also particularly pleased by the strength of the orderbook with which we start the new financial year.

'Demand for our new systems remains strong.'

At 8:00am: (LON:IGE) Image Scan Holdings PLC share price was +0.75p at 9.75p

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Image Scan refines year-end guidance

Image Scan has refined its year-end guidance following the rapid growth in order intake across a broad range of the company's products, which was announced on 17 July.

Based on its current plans the company anticipates that sales for the year to 30 September will be approximately £4.5m and that profit before tax will be approximately £250k.

It said year-end sales at this level would leave the company with an orderbook in excess of £2m at the start of FY 2018. Chairman and chief executive Bill Mawer said: "I have been delighted by the response of our staff and our supply chain partners to the rapid increase in our order book. The manufacturing facility in Loughborough is busier than at any time since I joined the business.

"While we still have some work to do to finalise delivery schedules with our customers, I am confident we should achieve at least this level of performance and will start the new year with a very healthy order book."

At 8:13am: (LON:IGE) Image Scan Holdings PLC share price was +0.75p at 7.75p

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FLASH: Image Scan refines year end guidance

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Image Scan sees rapid growth in order book

Image Scan has announced a rapid growth in its order book for its full range of security and industrial products.

It said recent order intake had exceeded £2.5m and included new orders for industrial X-ray products from the automotive industry and for cabinet, conveyor and portable X-ray products from security customers.

It said customers for these new systems were in Europe, the Middle East and Asia and included several first-time users of Image Scan X-ray inspection systems.

Chairman and chief executive Bill Mawer said: "I am delighted with this growth in our order book and in the fact that all our major product categories are included.

"It is also exciting to welcome new users to the Image Scan community.

"As was the case last year, we now have to work with our supply chain to increase our pre year-end deliveries from this order book.

"This process is well underway and we already have contract labour supporting the permanent staff in our manufacturing team."

At 9:05am: (LON:IGE) Image Scan Holdings PLC share price was +0.88p at 5.5p

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