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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| IN Cup | ICU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.10 | 0.10 |
| Top Posts |
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Posted at 01/5/2008 20:30 by mjcrockett I guess it is the end. Although, you would think if it were the end of listing for ICU, they could announce it right away. There's not a lot to say. I suppose there is a remote possibility of some last minute discussions. I would think we will hear something tomorrow, whatever.MJ |
Posted at 29/9/2007 23:34 by cerrito In isolation the results are OK although they do seem to be hit by rising material costs.However they started the year with an unfulfilled contract for 62 machines so they appear to have run out of steam and are rather coy about current trading.No doubt purchasers are unwilling to committ until their financial position is more secure especially as they rely on ICU for the consumables for the machines..the Pac Con incident in this sense is very damaging to them. I wonder if Mr Marks is there still with his £250k even if the shares he gets are priced lower than 2.25p?? |
Posted at 21/4/2007 22:32 by mjcrockett JakNife, you are labouring the point somewhat. You do not know nor do I whether ICU will turn the corner or not. In my book, they are either a complete basket case or a 10 bagger. Personally, with sales growth running at 100%, I think they are worth a punt. Cerrito and I met the board at the AGM and neither of us are selling - that must say something.MJ |
Posted at 20/4/2007 21:40 by mjcrockett 59David, thanks for the info re City Equities. ICU may or may not have a good future - I don't know, but it most certainly is NOT in big trouble today.MJ |
Posted at 19/4/2007 16:27 by chaweewan As most young hospital doctors know, ICU stands for 'intensive care unit'.No trading today. |
Posted at 19/4/2007 09:53 by mjcrockett Cerrito, Thanks for the above. Good to meet you at the AGM yesterday. I also came away feeling that ICU are moving forward. They do seem to have a good product which seems to be gaining acceptance in the market place. However, there must be a risk that the big boys will copy the ICU product if it is very successful.I agree with you that there is the danger that the share price will drift for the next few months. But, with the prospect of strong growth here, there must be a fair chance that someone will tip this before September which would have a big impact on the share price. Difficult call - but an exciting long term prospect. MJ |
Posted at 30/3/2007 15:37 by mjcrockett Cerrito,I may go to the AGM, but will not decide finally until that week. From Corpora's statement this morning, I think I would favour ICU as a prospect. Like you I am tempted to buy some more. The potential is huge, but the risk of total failure is not small either. MJ |
Posted at 29/11/2005 10:53 by jonwig Looking at published data, they had £1.2m cash at the interim stage, and loads of goodwill and stocks.Valuing just the cash, down to under £1m now, with 97.4m shares in issue, that's 1p/sh. On the positive side, share options were granted with tough conditions attached to an exercise price of 6.95p from 2008. Hootster: thanks for your detail. if the machine is any good, I can see the company being taken out for a bit more than their cash pile - but how much of that will be left when the day dawns...? All figures here: |
Posted at 02/9/2005 10:17 by chay01 Buy In Cup Plus at 9.75pSays Rob Cullum of Trendwatch.co.uk BRITISH PLUMBING HAS a reputation for being the worst in the developed world. Every morning and evening, millions of us clean our teeth using water from an open or unsealed tank in the loft. On the surface of the water is an interesting scum of house dust, pollen, lead and soot from vehicular pollution, glass fibre shards, lime-scale, dead spiders and other creepy-crawlies, perhaps a sprinkling of mouse excrement and, if we're really unlucky, the decomposition products of a dead bird. During the summer, the water heats up to a nice, tepid temperature, ideal for brewing up a bacterial soup. When you look it in that way, it's almost a relief to leave home in favour of the regularly cleaned and serviced office environment - except, of course, that it isn't. Apart from the fact that a recent survey found that a computer keyboard in an FT office was many times more contaminated than a toilet seat, the office drinks vending machine could almost have been designed to deliver refreshment one hundred times more contaminated than your teeth-cleaning water at home. The design of today's vending machines dates back to the 1950s. With their water reservoirs and spaghetti of plastic pipes, they're almost impossible to clean and disinfect properly - about the only thing that tastes worse than vending machine coffee is disinfectant-flavour Enter In Cup Plus, which floated on AIM in March 2005. Chief executive Barry Marks has gone back to the drawing board and designed a vending machine that seems to have everything going for it. Hygienically sealed cartridges containing about 500 drinks deliver dry ingredients straight to the cup. Water is fed straight from the tap to the cup, doing away with the spaghetti. The machine costs about 3,000 pounds, around half the cost of competitors' designs. Servicing costs are all but eliminated. If the machine does break down, in-built telemetry can call for service automatically. The business model proposes two income streams. First, the machine is leased for about 20 pounds a week, or just over 1,000 pounds a year. Second, In Cup proposes to charge the client 10p per drink, including the cup. Realistically, each machine might dispense, say 16,000 drinks a year, or 1,600 pounds. In Cup says that 75% of this, or 1,200 pounds is clear profit. So one machine can generate revenue of 1,000 pounds + 1,200 pounds = 2,200 pounds a year. Even if the company only wins contracts for 1,000 machines, that represents revenue of 2.2 million pounds a year. It should manage to do hugely better than that. There is an estimated 0.2m drinks vending machines in the UK alone. About 40,000 come up for contract renewal every year. House broker Daniel Stewart has pencilled in sales of 1.3 million pounds this year, 3.6 million next year and 5.3 million pounds in 2007. After initial start-up losses, it should make 0.6 million profit next year and 1.2 million pounds in 2007. There is downside risk to this share. It's effectively a start-up. As with any new business, there's always the possibility that something will go badly wrong. Problems in ramping up production, perhaps; or unexpected problems with the machines; lower sales than anticipated or a new competitor springing up. The business model looks robust enough, but you just never know. Nevertheless, I think the business proposition of this company is compelling, and certainly worth the risk. BUY Key Data EPIC: ICU NMS 10,000 Spread 9.5p - 10p Market Cap - 9.5 million pounds |
Posted at 12/8/2005 10:16 by amg72 Siskinbird, here's the article:-In Cup Plus makes and distributes vending machines, the sort you generally find in offices,hospitals and train stations throughout Britain, Europe and the US. While there are dozens of vending machine types in operation in the UK, most of them are made to 1950s specs and have inner workings to turn the stomach. These old-fashioned machines were mentioned in a government environmental health paper. Its findings showed that 80% of oldstyle vending machines were not properly cleaned and disinfected and, worse still, a staggering 23% were infected with E.coli. In Cup Plus does things differently. Its founder and chief exec Barry Marks has designed a vending system that is not a health hazard. It is based on hygienically-sealed cartridges that deliver ingredients straight to the cup, rather than along a series of manky old tubes. When they empty, the operator simply pulls the old one out and replaces it with a new one. It takes seconds. The water too goes directly from the tap inside the machine to the cup. The business model is straight-forward. In Cup makes the vending machine and leases it for about £20 a week next to nothing for big corporate clients that may order several per office. The company then sells the client ingredient refills: coffee, tea, chocolate, powdered milk and even cold drinks such as orange. All are contained in the same safe, disposable cartridges. This means that as In Cup leases more and more machines, so it will sell an increasing number of refills. In Cup has had to start from scratch but is expected to unveil a series of contracts soon. One high-profile, but unnamed, corporate has said, 'make it work for two weeks and we'll buy 100 machines.' If we supposed each machine is supplied with three 500-cup cartridges a month, that's 3,600 cartridges, or 1.8 million drinks a year. Average it at 10p per drink, including the cup cost, that's £180,000. In Cup reckons for every £1 of sales, it makes 75p clear profit. So that's £135,000, plus the £104,000-a-year on lease income that's just £239,000 in revenue a year on 100 machines. A stock of 500 machines would earn £1.2 million a year; 1,000 £2.39 million. This is just the tip of the iceberg. There are thought to be around 200,000 vending machines in the UK and Marks reckons 20% of them come up for contract renewal every year. House broker Daniel Stewart reckons In Cup will have sales of £1.3 million this year, rising to £3.6 million and £5.3 million in 2006 and 2007. Manufacturing and sales start-up costs will mean losses this year but the company should see close to £600,000 pretax profit next year and double that the year after. Beyond the short-term, In Cup looks likely to be bought out. Marks has fielded several enquiries already, and while a £2 million bid a year ago would have been good enough, not now. In Cup's float was so well received it ended up raising more than double the £1 million it was after, and now has a market value of £8 million. It'd probably take £12 million to £15 million to strike a deal now. On the downside, the shares are a tightly-held stock. Some 44% remain in the hands of Marks, while another 9% are owned by a single institution. This means the spread is fairly chunky just over 11%. However, small company market-maker Winterflood took a larger than normal stake on flotation so there should be a half-decent free-float. by: Steven Frazer LAYS OF THE WEEK In Cup has a great opportunity before it but the company is likely to be bought out, possibly sooner rather than later. The stock is tightly-held but should command a lofty premium to current levels within a year. BUSINESS: Vending machines designer, manufacturer and ingredients supplier. VITAL STATS: Market value: £8 million Historic PE 2004: n/a Prospective PE for 2005: n/a Prospective PE for 2006: 16.5 Sector PE (Next 12 months): 13.2 1-month relative strength: -1.1% 1-year relative strength: n/a Dividend yield 05: n/a NMS: 10,000 Spread: 11.429% |
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