Image Scan Holdings (IGE)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 2.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.40
  • 52 Week Low: 0.78
  • Currency: UK Pounds
  • Shares Issued: 167.60m
  • Volume: 74,430
  • Market Cap: £3.85m
  • RiskGrade: 414

Image Scan warns of losses following delayed government contracts

By Iain Gilbert

Date: Wednesday 26 Jun 2019

LONDON (ShareCast) - (Sharecast News) - X-ray screening systems supplier Image Scan told investors on Wednesday that security orders and sales had been "disappointing" during its third trading quarter and warned that it was now unlikely to meet market expectations for full-year sales and profits.
Image Scan said that several overseas government projects for portable X-ray systems, which had been expected to contribute to on-target earnings, had been delayed or postponed and were now "unlikely to be realised in this year's results".

In light of this, the AIM-listed business revealed it was now expected to record a loss for 2019, although the amount of red ink at year-end would still depend on orders due to be received in coming months.

Chairman and chief executive Bill Mawer said: "Historically, our second half sales have been substantially stronger than those in the first half, and in announcing our FY 2019 first-half results, we could see a strong enough pipeline to support our year-end expectations.

"That a number of those projects have not materialised is disappointing and has led to this revised view of the year-end."

As of 0945 BST, Image Scan shares had slumped 33.33% to 0.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IGE Market Data

Currency UK Pounds
Share Price 2.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.40
52 Week Low 0.78
Volume 74,430
Shares Issued 167.60m
Market Cap £3.85m
RiskGrade 414

IGE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.39% below the market average42.39% below the market average42.39% below the market average42.39% below the market average42.39% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average
Price Trend
9.52% above the market average9.52% above the market average9.52% above the market average9.52% above the market average9.52% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income Not Available
Growth
24.31% below the market average24.31% below the market average24.31% below the market average24.31% below the market average24.31% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGE Dividends

No dividends found

Trades for 17-Feb-2020

Time Volume / Share Price
08:44 72,801 @ 2.10p
08:44 828 @ 2.11p
08:08 801 @ 2.37p

IGE Key Personnel

Finance Director Sarah Atwell-King

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