Good morning, it’s Paul here. I have a lunchtime meeting in London, so will only be able to rattle out a few sections early. I’m hoping that Graham might then be able to add a bit more this afternoon.
I added more sections to yesterday’s report last night, so here’s the link to that.
Let’s start with a profit warning;
Image Scan Holdings (LON:IGE)
Share price: 4.25p (down 38.2% today, at 08:21)No. shares: 136.0mMarket cap: £5.8m
(at the time of writing, I hold a long position in this share)
Trading update (profit warning)
Image Scan (AIM:IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets provides a trading update for the year to 30 September 2018 (“FY18”).
This is a tiny company, below our usual market cap size. However, 2 readers have already mentioned it this morning, and I hold personally (more’s the pity), so I naturally want to look at it, and see what’s gone wrong.
The company made a series of positive updates over the summer, which drove the share price up substantially. This also allowed a big holder to exit, via a discounted secondary placing…
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