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Image Systems AB: Redeye: Image Systems - Time for a Turn-around

Redeye retains a reasonably optimistic stance on Image Systems
although leaving estimates and valuation broadly unchanged following
full-year 2019 numbers. Admittedly, Q4'19 came in on the low side
primarily due to one-off costs in RemaSawco's X-ray business, but
Motion Analysis pummeled along and overall order backlog improved. On
balance, we see a good case for a turn-around in Image Systems in
2020 which could unlock considerable value in the rather depressed

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