Image Scan Holdings rises on improved sales news

By
1 mins. to read
Image Scan Holdings rises on improved sales news
Master Investor Magazine

Master Investor Magazine 59Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in AIM-listed security equipment supplier Image Scan Holdings (LON:IGE) has risen by 21.79% to 2.38p (as of 14:15 GMT) as it announced strong order intake at the end of 2019. The company also outlined plans to expand their US sales efforts.

Chairman and CEO Bill Mawer commented: “Our organic growth strategy is focussed on expansion of both our product range and our market reach, so it is pleasing to be able to report on progress in both these areas. I am particularly delighted to welcome our new sales consultant, as he comes with considerable experience and expertise, and gives us, for the first time, a footprint in the USA.

As I said in the annual report, the portable X-ray market is competitive, but our offer is a strong one and we are working hard to differentiate our product range and expand into adjacent sectors. Image Scan has made a promising start to the year and is trading in line with market expectations. I am optimistic for a good first half and hope we can continue our current momentum through the rest of the year“.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *