Goindustry Share Discussion Threads

[spurberry] 30/9/2007 17:28

Hi guys,

Wander if you can help, this was a big tip from rhps and it was said this was the next big thing after ebay.

What are the short/med/and long term share price prospects here?

I take it the 100% increase first mentioned by rhps will not happen this year or will it?

[bladeboy] 26/9/2007 17:48

Maiden PROFIT
GoIndustry swings to maiden H1 pretax profit, sees all units profitable in H2


LONDON (Thomson Financial) - GoIndustry PLC swung to a maiden first-half
pretax profit on increased higher margin on-line business and said it expects
all its geographic divisions to be profitable in the second half, building a
solid pipeline of new business for 2008.
The industrial machinery auctioneer reported a pretax profit of 22,000 stg
against a loss of 226,000 stg a year ago while revenue fell to 15.03 mln stg
from 16.19 mln stg last year.
GoIndustry said it grew its higher margin on-line business to 43 pct of
gross asset sales from 39 pct in the same period last year.
The company said it expects the rollout of a new CRM system, which provides
integrated real time forecasting globally, to improve revenue visibility and
stock management.
The company said while it expects its second half to be in line with its
expectations, it does not expect to make up for the shortfall incurred in the
first quarter. It expects revenues, direct profit and pretax profit for the
period to exceed the results for 2006.

bb

[trewinney] 20/9/2007 12:53

Have just purchased further 25k.not yet shown.

[dibbs] 27/6/2007 23:36

Despite liking the longterm prospects, I have sold out a few days ago. I am concerned that the markets are due a fall and prefer the security of holding a bit more cash. The mixed AGM statement has moved the timescale out a little and lessened the chance of GOI swimming against a negative market in my opinion.

I may well regret my sale, only time will tell. I will be keeping a keen eye on GOI and wish other holders the best of luck.

Dibbs

[tomp1] 12/6/2007 11:59

Goindustry AGM Statement

RNS Number:1970Y
GoIndustry PLC
12 June 2007

GoIndustry plc / Market: AIM / Epic: GOI / Sector: Support Services

12 June 2007

GoIndustry plc ("GoIndustry" or the "Company")

AGM Statement



GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer,
held its Annual General Meeting today and all resolutions were duly passed.



At the meeting, Chairman David Bailey made the following statement:



"We remain focused on expanding our global market presence and to this end are
making good progress in 2007, strengthening relationships with key corporations,
further expanding into new territories and beginning the redevelopment of our
website to improve our multi-lingual capabilities.



"Although trading in the first quarter was slower than expected following a
record fourth quarter in 2006, the second quarter has been far stronger. I
would like to stress that there are still a large number of sales events (69) to
be held in June 2007. I am pleased to report that the pipeline for the second
half of the year is building well.



"The Company is in a strong position financially, having in the first five
months of the year raised #6.6 million through a Placing of 40 million new
ordinary shares at 17p. We have also issued the deferred consideration shares
from the reverse-takeover by GoIndustry AG."



* * ENDS * *



For further information visit www.goindustry.com or contact:

John Allbrook GoIndustry plc Tel: [phone]

Isabel Crossley St Brides Media & Finance Ltd Tel: [phone]



Notes



GoIndustry plc is the global market leader in the valuation and auction of
surplus industrial assets. The Company combines traditional sales experience
with innovative eCommerce technology and advanced direct marketing to service
the needs of corporations, insolvency practitioners, dealers and asset based
lenders around the world. Since it was established in 1999, it has built a
global presence and now has offices in 15 countries across Europe, North America
and Asia.



Operating in a fragmented market estimated to be worth over $100 billion per
annum, GoIndustry has a strong market position with a combination of online and
live auctions, negotiated sales and valuation services.

[dibbs] 07/6/2007 22:30

Leadfinger, welcome aboard.

Hopefully for all of us GOI will prove a rewarding investment.

I was watching a load of items being sold by GOI auction today, all sold at good prices, more than I was prepared to pay for sure! Although today I would have prefered less buying competition, the number of bids and subsequent commission on sales all bode very well for future profits. My experience is of course a very small sample of a few UK sales. I just hope that foreign auctions sell through at similar levels.

Dibbs

[leadfinger] 07/6/2007 11:41

Just wanted to say Hi guys. Im now on board... not a fortune but on board just the same :0)

[masurenguy] 06/6/2007 20:14

RHPS tipping this once again !

[dibbs] 31/5/2007 21:27

Turbulence being left behind for blue skies ?

[yump] 01/5/2007 13:09

Seems to have really hit turbulence !

[dibbs] 28/4/2007 22:29

Yump,

I agree it's always a hard call timing a purchase after a spike. I was becoming tempted for a few more after the fall on Thursday, but then Friday happened! I will watch also for now. Fridays rise would seem to be indicate someone building stake with some chunky T trades.

With tipsters being alike London buses I would not be surprised to see a few more words written suggesting a medium/ long term buy could be well rewarded.

I'm lucky enough to be sitting on a reasonable gain after having bought in pretty shortly after the cluster of director buys, which always makes it easier to take a relaxed view. I reckon that the downside here is pretty limited 19p ish? at that level I would certainly feel happy to buy.

Have to wait and see as ever.

Dibbs

[yump] 28/4/2007 09:56

Dibbs
Thanks for that. I was being a bit lazy - couldn't find the details - staring me in the face in the header ! Being a kind of clearing house for liquidated assets on top of the used equipment side does make it a pretty big overall market. I can remember travelling around trying to get some used or liquidated ovens years ago and in the real world, tracking them down was a real problem. One of those things you know is out there, but no easy way to find it.

I've been pretty close to buying in - will probably wait until the summer lull or interims although by the look of recent price action that might be a bit late - will have to see.

The excess stock question was because apart from equipment I imagine all sorts of industrial projects and processes end up with excess materials at the end of the job that could be auctioned off in a job lot. Don't know how big a problem it is though.

[britishbear] 28/4/2007 09:40

Impressive bounce back.

This is consistent with small retailers selling on the day of results to bank some profits and then GOI doing the rounds of the institutions with analysts meetings and a delay of a day or two before they begin to buy in which is what we are seeing now with the large trades.

Could hit 30p very quickly. The fact they have reached profitability is an excellent signal - no more dilution (bar more expansion), 20% profit growth easily possible given they are only just getting traction.

Once they begin to get a little more exposure the deals could come in thick and fast. The big boys may even look to take them out to get the technology.

[dibbs] 27/4/2007 22:07

Yump,

They have a market place, which allows companies to place all manor of equipment, stock etc on offer at a fixed price or a "make an offer basis" As well as the auctions. The market place is really pretty much all hardware and equipment. Trucks, trains, plant and machinery, office equipment factory equipment etc etc

They do not have a B2B goods trading option, although this is arguably a whole new field. seems to do that sort of thing. GOI are probably better to stay focused on their niche, which with the internet and the spreading GOI footprint around the globe is really a pretty large niche indeed!

A good number of the auctions are asset sales of companies in administration. In a few days time the sale of the assets of Widney Cabs, which was placed into administration is closing. Maybe I should post this on the WDNY board, a few holders might want to buy a momento!

I reckon that GOI are a very interesting play, short term not going to multi bag, but what price in 3-5 years? I know of no forecasts for EPS going forwards so find it hard to know what may lie in the future. The previous years figures saw EPS of 1.4p (from memory) but big exceptionals giving a big overall loss. It remains to be seen how the enlarging reach of GOI will push growth forward and how much the EPS will rise off the back of this.

A profitable growth internet stock opperating in a global niche on a current PE of 40ish I can live with, although I would still love to see some research published to guide on future EPS.

Mr/Sir Raymond had his hand in his pocket again today I see at RCG. It's all go in RCG world at the moment eh! The joys of investing!

Sorry for OT

Dibbs

[samuri19] 27/4/2007 15:41

We have some big volumes today. Another 300k buy just gone through.

[samuri19] 27/4/2007 15:03

Thanks for the info tomp. So we only have 30% in free float.

Todays price movement indicates that we could be getting a write up or tip in the press soon.

[tomp1] 27/4/2007 13:24

Shares in issue:236.6m Amount % Holding

Internet Capital Group Inc 69,177,300 29.23
Atlas Venture Fund III LP 36,686,193 15.50
Ashford Capital Management Inc 20,558,234 8.69
AXA SA 16,571,429 7.00
Fidelity International Ltd 15,178,982 6.41


David Macnamara marker 1,689,520 0.714
David John Bailey marker 885,000 0.374
John Allbrook marker 697,705 0.295
David Bowen Horne marker 440,000 0.186

marker = Director

[samuri19] 27/4/2007 13:15

300k large delayed (protected) buy just went through.

Over 67% of stock is held by institutions and a hefty chunk is held by directors. Very little stock in free float. Sustained buying should see the price move up quickly.

[yump] 27/4/2007 12:10

As well as used equipment, does GOI also allow trade in liquidated equipment ?

Or taking it another step, excess stock ?

[samuri19] 27/4/2007 10:56

Purchased GOI yesterday after reading the results. PE of 40 may seem high, but this company has very little competition and barriers to entry in the international markets, hence potential for growh is massive.

The management seem focused and this could be the start of something real big.

[robsy2] 26/4/2007 12:25

True it's not on a per of 40 but the profits could / will drop down spectacularly once this beast is fully into it's stride.It's already moving forward quickly, turning heavy losses into profits and thats the hard part.Now they have the internet platform and the on the ground presence doing more business should become inevitable( I hope).

[jwe] 25/4/2007 14:02

Have had this on my watchlist and glad i did not buy in.EPS of 0.5p puts them on a p/e of 40 with 20% growth-looks too high,although with obvious potential