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Real-Time news about Central Euro (London Stock Exchange): 0 recent articles
|wannabee rich: Could you all give me an idea on what sort of level you are invested in this co??
Do people really invest 500 quid? what is the point, the share price increases 1000% wow 5,500 to spend. Life changing.
Is it really worth the hassle, it has propably cost more to stay online......|
|aghumra: As we don't see an RNS for all these contract wins, are they not big enough to make a material affect on the share price?|
|rangers99: Heres the citywire article
TripleArc's maiden results show a year of development costs but Joanne Wallen thinks the online print buying company needs to start justifying its valuation, which dwarfs the competition.
Shares today were down 2.75p at 29.5p, valuing the start-up, loss-making business at £19.2 million. Conversely, AIM-listed Controlp (CTL), which claims to do the same thing as TripleArc (TPA) and has turnover of £12 million with 100 employees, is today valued at just £2.7 million.
TripleArc, which floated on AIM in December raising £3.1 million, was set up two and a half years ago by chief executive Conor O'Brien to fill the gap he'd found when he was working for London-listed medical technology company Medisys and attempting to buy printed materials of a consistent quality.
TripleArc's chairman and major shareholder Dr David Wong is chief executive of Medisys. Wong holds 34.3% of TripleArc, and between them directors hold 54.51% of the company, which could be one reason the share price has stayed as high as it is.
TripleArc's first product, the TripleArc Print Catalogue, enables companies to fill out a template online for a range of products from business cards to corporate brochures. They can then produce a ready-to-print file in PDF format and deliver it online to their preferred printer.
Last year TripleArc got together with print management company gl2 to develop a complete print management collaborative workflow system that would enable print buyers to specify their requirements, send them automatically to a group of designated printers, receive a quotation online and order the print run.
In October, TripleArc acquired gl2. The new Workflow system was launched only three weeks ago at the IPEX European print show, and O'Brien told Citywire that the company came away with 18 printers signed up.
Turnover for last year to December therefore was made up mainly of gl2's turnover. Revenues were £1.44 million, with gross profit of £250,000. Operating losses after goodwill amortisation of £700,000 and a £250,000 non-cash share option compensation charge were £1.6 million.
TripleArc aims to get most of its money from the printers, since it charges 3% of the value of their contract for the catalogue product and 1.5% on the collaborative workflow product.
The system is aimed at either corporate print buying departments that spend more than £8 million a year on print buying, or at print management companies that buy on behalf of corporate customers. Print management companies will also be charged a fee based on their turnover.
O'Brien reckons the system saves around 50% to 60% of the time taken using the traditionally manual methods for print specification, quotation and ordering.
O'Brien also claims that TripleArc is the first company to use the newly defined Job Definition Format (JDF), which has been agreed by a print industry consortium of more than 120 companies. This format enables printers to easily import information from TripleArc into their own systems.
Warren Tayler, chairman of Controlp, told Citywire that Controlp does all the things TripleArc's systems claims to do. It has large corporate customers as well as small business customers, and recently bought some businesses off the receiver that Taylor said 'we are very pleased with'. Controlp is in its closed period prior to announcing year end results next month, but Tayler said he was 'pleased with progress to date'.
If TripleArc's idea were totally original, this would make up for the fact that it does not currently have any business to speak of in the technology, as opposed to the print management, business.
However, private companies such as elateral and Paspartoo, both featured on Citywire in the past, not to mention Controlp, have created similar systems.
The idea of automating and simplifying the purchasing of large or even small corporate print runs seems to make a huge amount of sense and there is no reason why there should not be space for several players. But if TripleArc is fairly valued, Controlp must be a screaming buy. Somewhere in the middle is more likely the case.|
|dmhzx: To the guys asking about 'nominated advisers'. Companies on AIM must have one of these, it's a condition of having a listing. As far as I can tell, the only thing that 'nominated advisers' actually do is submit a hefty bill.
As to the share price, no idea what's going on at all. If someone sells £200 worth the price drops. If they issue news either good or bad the price goes down.
If we get two days of virtually all buys the price goes down.
I find it hard to believe that dropping the bid by nearly 20%, while leaving the offer at 7 is going to achieve much on the treeshaking philosophy, and certainly so far today nobody has shown any interest in being separated from their shares for 5 p.
The ways of MMs are indeed dark and mysterious.|
I agree that if something looks too good to be true, then it usually is.
A market cap of £2.6m versus house broker's forecast of £2m profit, dated 22.1.2002, for current year looks unreal.
If it was remotely real I would have expected director buying and the lack of director buying is my greatest concern.
However the shares have good asset backing and the current share price does not factor in any half decent news.
But like you I fear a trading statement so the longer we go without one is good news.|
|ghhghh: Bt another 350K at 6.5p.
Yesterday Winterfloods had little stock.
I bought 150K off CS this morning and left them 250K to work (hence my 150K pretty much cleared them out).
The share price weakness because CS, the shop, clearly had sellers to try.
Winterfloods has taken out the large seller (690K) and CS has taken out three lots of 100K.
If that's the sellers cleared there should be around 150K resting with the mm's.|
Thanks, it was me.
I'll be nervous until next results give a clearer picture of what's going on but on the face of it the shares look very cheap and worth a flutter at the current price.
With luck no profit warning implies business currently atleast break even and the cash/property should therefore cover the current share price. A £10m turnover would not require much of a profit margin to galvanise the share price which values CTL at only £2.6m. Collins Stewart are forecasting £2m profit for 2003 for an eps of 3.6. Assuming PE of 15 would give share price over 50p.
Am trying to buy a few more at 6.5p but see three protected trades at around 100K each just gone through - assume this is covering my earlier purchase.
|minuteman: True, but if when they do "play the game" and are in great shape, the share price should take care of itself|
|minuteman: Emailed Mr Tayler and recived a very amiable reply.
He said he was very dissapointed to see the share price slide after Cannon announcement.
Sees Documdedia as an excellent syngergistic purchase to complement CTL
Says, they are being very careful with cash using it to give "value adding" investments,
Also he says as far he is concerened, nothing they have said about becoming profitable next year March 2002-Feb 2003 has changed and is on track.
He also said of the dot com bubble that to fight the institutions and how they feel about .coms is pointless until they have enough newstock holders at the new prices, to gain stability.
He invited me to call him, for which I will do. If any of you have questions lets me know.|
|reetus: Where did you come to the conclusion of this one rising 1000%?
There share price has fallen from 60p when it first floated, so I can't see it returned anywhere near that in the short-term from where the share price stands now.|
Central Euro share price data is direct from the London Stock Exchange