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Image Scan Holdings – cash burn continues, ‘jam tomorrow’ now needing to be delivered today?

By Steve Moore | Monday 13 April 2015


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.


Shares in Image Scan Holdings (IGE) currently trade more than 20% lower today, at 1.875p, on the back of an announcement which includes that for the six months ended 31st March “a pre-tax trading loss of around £380k is expected” and that “order intake so far this year has been slow”. Having previously warned HERE and HERE, the following updates…

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