In Cup Plus Share Discussion Threads

[alter ego] 06/9/2007 11:51

MJ, looks like you were right - new broker announced today and possibility of a placing

[mjcrockett] 08/8/2007 17:29

Where 'lots' must be less than 2p! Although, with the recent recovery in the price, I think we can safely assume that they have sorted out the short term cash problem. My guess would be a small placing at 1.5p.

MJ

[seangwhite] 08/8/2007 15:52

Lots further to fall I think

[hirschnathan] 04/6/2007 11:04

what contract win are you talking about?

[ljsquash] 04/5/2007 16:43

Tic up again today.

[n s fletcher] 02/5/2007 09:41

"material contract win" with a "blue chip" customer. get a feeling many others will join the band wagon.. so expect more orders.

[ljsquash] 02/5/2007 09:32

RNS just out another contract win, looking good for yearly total being beaten very early.

[cyberpost] 02/5/2007 09:31

IN Cup Plus Further contract win


RNS Number:9356V
In Cup Plus PLC
02 May 2007


2 May 2007

In Cup Plus Plc ("In Cup Plus" or the "Company")

Announcement of further contract win

The directors of In Cup Plus are delighted to announce a material contract win
with a major city of London based insurance company. The contract is for a total
of 18 Xen-550 beverage systems to be installed in early May 2007 across 3
offices in the city of London as well as offices in Maidenhead and Orpington.


Commenting, Barry Marks, Chief Executive of In Cup Plus said:


"We are very pleased with this latest order which is the third significant
contract gain from blue chip customers in the last six months and further
confirmation that our combination of hygiene, simplicity and low carbon foot
print is being well received by potential customers."

[mjcrockett] 22/4/2007 08:45

JakNife, I have for many years made a very good living from investing in small companies. I am very experienced at reading accounts and am very used to directors trying to pull the wool over my eyes. All I am saying is that in my view this is a very good risk/reward play - for a small stake at this stage. You may be right it may turn out to be a dog. Time alone will tell.

MJ

[mjcrockett] 21/4/2007 22:32

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

[cerrito] 21/4/2007 19:13

JakNife,You are corrct to point out that Pac Con and City Equities together is a bad sign.
I do not think that the company is in trouble now but as per my previous posting the share price will remain depressed until all these options/fund raisings have worked through the system and we have a better idea of cash conversion.
To me the company is better than its brokers...this illustrates the structural weaknesses of AIM and also calls into question whether such a small company really needs to have a listing.
ljsquash my hunch is that you have done a good deal but with the wide trading spread and the uncertainty in the next six months you will need patience.

[ljsquash] 21/4/2007 14:53

Just bought in via City Equities. I have been using them as one of my brokers for some time and am in profit on my deals overall.
So not such a panic.
One interesting point on the blurb was £1.5 million income from ingredients alone for all machines over 3 years or £500,000 per year.

[mjcrockett] 20/4/2007 21:40

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

[59david] 20/4/2007 20:52

Hate to worry you guys that are holding but CE have just offered me some shares having purchased a big tranche in the market at below bid on Wednesday (I think). Based on most of the similar situations I have seen where CE has done this, it wouldn't surpirse me if this compnay is in big trouble. Good luck (decided against buying)

[chaweewan] 19/4/2007 16:27

As most young hospital doctors know, ICU stands for 'intensive care unit'.
No trading today.

[mjcrockett] 19/4/2007 09:53

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

[cerrito] 18/4/2007 21:03

Was at the AGM this morning.
Big picture is that I got good vibrations from management that there is a sensible business here and that now that they have got some big name sign ups they have the foundation to go forward as they have clients who can give good references...ie they are establishing credibility important as they are up against companies which are much bigger than themselves.Explained that considerable electricity savings, not to mention the maintenance savings compared to the traditional type of machine. Management seem perfectly sensible and of course the CEO is the major shareholder.
The increase in overheads/decrease in COGS in H2 compared to H1 was due to a different policy in classifying cost, bought in my the new CFO.. In hindsight did not press why the loss in H2 was exactly the same as H1 despite the increase in machine sales.
We were assured that with the funding commitments they have enough cash for the foreseeable future- see below
They were encouraged to give more information on the breakdown between revenues from machine sales and from consumables..I understand there are some commercial reasons for this non disclosure.
To me this is not a sell but I do not at this time see it as a buy.
I consider that the share price will continue to be depressed until the Pac Con option agreement runs its course at the end of September; indeed as I see it September will be crucial as not only will this option agreement expire and so lift what will probably be a downer on the price but we will have interim figures, which will give us a much better indication of their success in cash conversion as we have no firm clue as to whether or not they will run out of cash.

[donaferentes] 31/3/2007 18:03

Are there any fihgures on the sale price of a machine versus the turnover of materials supplied to installed machines and the respective margins thereon? Seems essential to make sense of any projections based on a further 200 m/c's being installed.

The increase in overhead from 725k to 1200k seems to warrant some explanation.

At a burn rate of 100,000 per month overhead and share options totalling £650,000 puttable between April and December, they will need to make a gross profit of £550,000 to stay solvent. Don't see this happening on 341 m/c's total (41 in 2005, 100 in 2006 and 200 in 2007) by December.

With so little easily providable analysis missing, makes you wonder why they left it out if heir trying to convince their shareholders to maintain support.

Or have I missed other sources of this information?

[mjcrockett] 30/3/2007 15:37

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