In Cup Plus Share Discussion Threads

[cerrito] 30/3/2007 14:31

I will be thinking over the weekend as to whether to buy more as a result of the recent softening.
I have been waiting as the Pac Con option arrangements will give us choppy waters as we have just seen.
I also want to meet management but I see that their AGM clashes with that of Corpora so will need to make a decision.
In theorey they are on the cusp of something exciting...but all depends on how good management is.
Anyone with plans to go to the AGM??

[alter ego] 27/3/2007 11:11

Prelims out today. Slow progress, but at least it's progress.

[unionhall] 13/2/2007 14:45

Ian - the problem is you misread the announcement.....

The 1.5m includes the installed base......


Based on current ingredient usage patterns it is estimated that the ingredient revenue generated from these contracts together with the current total installed machine base will be in the order of #1,500,000 over the next three years.

The installed base is perhaps 240 includng these contracts so 1,500,00/3/240 gives £2.10 approx per machine......

[iandippie] 13/2/2007 13:04

What am I missing here? They have forecast sales of 200 machines in 2007, and have already bagged 65 of those in January alone? I can't imagine sales are seasonal with this, so surely 200 will be beaten by a country mile?

Also, they said recently of the two big contracts that they are worth 1.5mill over 3 years. That's 500k a year from 82 machines. Roughly 8k per machines.

They had about 150 machines at the end of 2006 and expect to add 200 (surely that will be beat, given that 65 are already ordered in Jan alone) in 2007. That's 350. 350 X 6k is 2.1 million in turnover. And that's without beating the 200 sales target for 2007.

One more big announcement, and we could start to see a re-rating. I'm not a holder, but am keeping an eye. Has anyone done any more research than my back of a postage stamp figures above?

[alter ego] 07/2/2007 16:32

yes, late spring obviously

[richtea120] 07/2/2007 16:05

looks like they have started to sprout..

[alter ego] 01/2/2007 14:24

great oaks from small acorns? I hope so.

[bobbyjim] 31/1/2007 07:10

News at last!

[markralph] 08/9/2006 11:32

worth a punt at 3.88p anyone?? Really like the product and the experience of the chief executive but can anyone actually see the share price getting back up to double figures? I guess its just a question of sales sales sales. I also understand it to be an institutionaly held stock but how will that benefit the private/retail client such as myself?? ta in advance....

[cerrito] 30/8/2006 21:45

Have a small holding in this do not follow all that closely 9% increase in 2 dats says something I know not what

[lourakee] 18/8/2006 18:57

Just the info I was looking for:

[cerrito] 18/8/2006 18:21

anyone know why the price has been moving up?

[nigelsom] 25/7/2006 20:15

Placing (and options)news and trading update:



Can't say I'm impressed: £840k to be raised by placing and a further £800k on options to a director and the institution doing the placing. Just the placing alone dilutes us down to 72%. And the discount is massive: issue price of 2.25p against market mid price of 3p. That is about 25%. Except that the statement says it is just 10% down on the bid price - that is, shall we say, a slightly misleading statement: we don't get quoted the bid price when we want to buy shares! Can't say I'm impressed.

Trading statement: sales below forecast - third time in a year we've heard that - but this time it is different because they are confident full year will meet target. Hmm.

I really hate companies that don't play it straight with bad news. I suppose that at least this came out during market hours and not late on a Fri evening. But the 10% bit is a disgraceful misrepresentation: if you were selling shares you would assume that you could deal inside the spread - especially one which is 30% of the share price!

Now if they had simply said that 'having taken soundings we have been told that if we try to get more that 2.25p a share we are having a laugh' then that would have been OK (ish). After all the really small companies are having a bad time on the market at the moment, so it is hardly surprising that trying to do a placing right now is not going to be easy. But to try and make out that the discount is only 10% is bad form in my book.

Oh, and they then have a rather threatening bit along the lines of 'if shareholders do not approve this then...' And they want to do this because of time constraints and cost. But they knew at the results announcement in march they were going to need to raise funds - why the urgency now? Or did they just sit on their hands for four months before finally getting round to it.

End of rant.

I'll hold because this product just might work, and management may learn. But not a happy bunny right now.

[mrpig] 02/4/2006 11:47

Woodcutter,
I have had this company on my watch list for over 6 months and it has not quite convinced me to put my toe in! I agree totally with you, good idea, good product but sales of 23 machine in first quarter not good enough but it is a start.

With regard to requiring more cash I have lifted this from their final results

"The directors have assessed the position going forward. Barry Marks, Chief
Executive and the largest shareholder of In Cup Plus, has confirmed to the other
directors that he intends to support the Group if required during 2006. The
directors however anticipate that it is probable that the Group will need
additional financing in the future and will take steps to deal with this
requirement as required".

My understanding is that the costs of the machines are less than competitors.

I will keep the company on my watch list.

mr.pig

[woodcutter] 02/4/2006 11:15

looking at last years results they turned over 174K with cost of approx 1163K. From Uk Analyst
After a profits warning last Autumn knocked its share price for six, it was encouraging to see In Cup Plus back on the road to share-price recovery. The drinks vending machine group released an upbeat AGM statement, confirming that trading in the current year was in line with market expectations. Its shares rose 0.75p to 4.125p. A total 23 vending machines machines were sold in the first quarter compared with 41 machines sold during the whole of 2005. In Cup said it now had a total of 64 machines in operation and ingredients sales were progressively increasing.

If this is correct the sales cost of a machine is about £4.25K. They need to be selling selling about 70/qtr to break even. This assumes no extra cost on sales or admin, but doesn't take account of any revenue from material and maintenance sales nevertheless i think they will need to come back for more cash.

I like the product but would like to see more evidence of a rising trend in sales before buying in, the risk reward is too high at present.

How do they measure up in terms of cost of machines compared to competitors? i suspect they are more expensive, are they worth a premium?

Anyone know the output capacity of their manufacturing facility? It might give us some idea of how big they think their immediate sales targets could be.

[bobbyjim] 30/3/2006 20:36

I have been tracking this company for a while, and watching the share price decline without the worry of holding any shares. I have been waiting in the hope of buying in at the 'bottom'.
I could have bought in yesterday at 3.62p, but I didn't know then that the news announced today with the AGM would be good.
I managed to buy in at 4p, although for some reason my buy showed up in the trades as a sell.
I don't expect to double my money overnight, but if the sales team
can sell enough machines, then the ensuing ingredient sales could soon turn a loss to profit. Time and patience will probably be required, but long term I do expect to double or even treble my investment.
Good luck to all who hold!

[cambium] 03/3/2006 23:04

Drinks vending machine group In Cup, lower by 0.37p at 4p, fell following a downgrade to 'hold' from 'buy' by Daniel Stewart on news it might need additional financing and on disappointing full-year numbers.

Daniel Stewart said the figures were broadly in line, with revenues of £174,000 versus its estimates of £190,000.

The broker said the downgrade was prompted by potentially value-dilutive news that the group is likely to require a further fund raising in the future as its cash at the year end had fallen to £691,000.

[seangwhite] 24/1/2006 11:35

Heading towards PEERS target of 1p,cash reserves going down fast,soon only the shell will be left. Even a Director buying at 4.22p (£3.2K in total) only sends it down,awaiting the next trading update,more missed earnings I suspect.

[jlabrey] 30/12/2005 20:05

Who is peers??

[seangwhite] 30/12/2005 17:59

PEERS has this one in his sights as a future cashshell,when it gets to 1p of course.

[blueliner] 29/11/2005 12:45

So its 2 pence, we're looking at. Seeing it only came to market this summer add it to the list of this years crock AIM flotations.

[jonwig] 29/11/2005 10:53

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:

[hootster] 28/11/2005 22:56

Know the Industry had a multi million pound turnover vending co and know the management if they cant sell this to the Industry then this is a dead duck IMHO.....
I would not have thought Sales people are that hard to get if the product is right and the comission structure is.

The Main players like Kilx(Mars 4 Square) are the main players in this Industry and it is hard to break their hold, also it is hard to convince the regional Operators that this is the system and will be the indusrty norm or give them better margins than what they are achieving.

I don't know what the profit margin are on the machines but I would be surprised if it was more than £1500 per machine and on the current mkt cap I would not be a Buyer.
I would have also thought that the web site would have been fully up and running now, does'nt help when you try and click links to buy on-line and interactive demo and it does'nt work
REGARDS THE HOOT.......

[vogue99] 28/11/2005 22:20

lets face it this is a very tough business expect more falls this year, 2p is fair value on todays statement long term who knows ill buy next year when it drops towards this figure.