Image Scan - final results
Image Scan Holdings - final results commentary
A classic penny share
By Michael Crockett
Image Scan is the archetype of a penny share in that the company is very small, its shares are high risk and priced at just 2 pence…....BUT there is a chance (one day) that the Company could make good profits and its shares increase many fold. It was with this latter possibility in mind that AimZine published a “Ten Bagger Quest” article on Image Scan in September 2014. In today’s article I provide an update on recent news from the Company.
Image Scan published its results for the year to 30 September on Tuesday 8th December, reporting mixed fortunes. I spoke to CEO, Bill Mawer about the results and the Company’s future prospects.
Image Scan Holdings (IGE) http://www.3dx-ray.com Company Summary Image Scan supplies a range of X-Ray solutions through its main trading subsidiary, 3D-XRAY. Originally formed in 1996 to develop specialist 3D Xray systems, the Company now markets a wide range of X-ray solutions with its main markets being Security and Industrial. Image Scan has been successful in recent years in building up a range of portable X-ray systems which are used by the police, military, security services and bomb disposal teams. The Company’s products are used by the automobile industry to detect faults and cracks in complex parts such as catalytic converters.…