Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I previously commented on Image Scan Holdings (IGE) in April – noting that strong, quick sales of new kit look to need to be delivered or financial trouble again doesn’t look far away (see HERE). The shares were then 1.875p. I now update with them currently at 1.375p following results for the six months ended 31st March 2015 announced today…
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Comments
wildrides
I disagree ………..its an investment as a recovery punt . They have the new products good to go .They have the new sales set up good to go . If they are ever to turn this unpolished turd around it is now . Give em six months to show some uptake of the product , for which there should undeniably be a market ,if the product is any good and is priced correctly .
The next six months is key . The sales team need to show they can close deals . This may mean changing some sales staff at the pointy end and fast . Attitude of pointy end order takers and deal closers is key . If they are bad attitude “broken arrows” types from the old regime it will never work . Clear them out and get fresh young guns on point .