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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Supercart | SC. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.30 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.30 | 0.30 |
| Top Posts |
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Posted at 11/12/2012 13:59 by davidosh So new money was raised at 2.5p just five months ago and the company has already lost 90% of its perceived value !?Where are the final results to June ? They are more important than scaring investors into selling up due to a delisting. Venture effectively own the company and the minorities look like being shafted here. The only fair way of doing this would have been to offer a cash exit for those who do not wish to remain in a private entity with a 70% shareholder IMO but this route makes everyone run for the exit hence the 60% collapse ! Thankfully I am not a shareholder but feel sorry for any who have held through all this especially when looking at the remuneration of the CEO over the last four years.. |
Posted at 04/4/2012 09:37 by the drewster I observe, but not an investor - still not proved there is a viable business model here, and every announcement seems to end with a "but we're confident next year will be better..." |
Posted at 23/11/2011 16:49 by the drewster It is also littered with life changing investment opportunities. The prowess of the investor to sift through and find the good from the bad is what sorts the winners from the losers.I always take into account the rewards the management offer themselves, and you can probably find countless posts by me on BBs where the rewards appear to be out of line. This is one of the few I had on watch (RFID is one of my specialities!), so feel qualified to pass comment having witnessed the lack of progress of the business, and the ever present "things are looking good..." sign off to any RNS. I'm not saying these will not come good, investing is a personal thing which one must weigh up the risks and potential rewards, but this will not see any of my hard earned in its current state, that is for sure. |
Posted at 14/12/2010 16:04 by rkhl Unfortunately, the Cadbury Report in my opinion requires enforced regulation. At the moment companies rely on the pressure from shareholders to enforce good governance. Without a good Chairman and business knowledgeable NED's a BOD will often do what they perceive they can get away with, human nature, most of us would do the same. In this company for example the rewards are out of line with company performance. Shareholders need to get more pro-active, lobby your MP, attend general meetings, try and get one of your own onto the BOD, in reality we know that most shareholders are in it for short term gain which is why shareholders are not an effective counter balance to the BOD. Corporate Governance is another one to be lumped in with the Dead Bodies Syndrome. Work with the system don't moan about it. Leave companies like this behind if you are an investor and be more ruthless in your stock selection. |
Posted at 04/11/2010 07:19 by masurenguy Placing at 2p, which represents a 47% discount to yesterdays closing price, and a new fundraising and loan capitalisation which dilutes existing shareholders by a further 57% ! RNS Number : 5870V Supercart PLC 04 November 2010 Placing and Subscription of 70,000,000 New Ordinary Shares at 2.0 pence per share and issue of 15,000,000 New Ordinary Shares by Capitalisation of Loan at 2.0 pence per share. Supercart is pleased to announce that it proposes to raise £1,400,000 (before expenses) by way of the Placing of 35,500,000 New Ordinary Shares with certain institutional and other investors at a price of 2.0 pence per share and a Subscription for 34,500,000 New Ordinary Shares by Venture Holdings also at 2.0 pence per share. Venture Holdings is the Company's largest shareholder and long term manufacturing partner. In addition, it is proposed that Venture Holdings, will capitalise £300,000 of the Loan upon the terms of the Loan Capitalisation Agreement, details of which are set out in paragraph 6.3 of Part V of the Circular being posted to Shareholders today. Following the Subscription and the Loan Capitalisation, Venture Holdings' interest in the share capital of the Company will increase from 35.73 to 48.61 per cent. of the Enlarged Share Capital. The Subscription and Loan Capitalisation are therefore conditional upon the Whitewash Resolution being duly passed by the Independent Shareholders. Under the rules of the Code, Venture Holdings would be required to make a general offer to Shareholders for the whole of the issued share capital of Supercart not already held by it, unless a waiver of that obligation is approved by Independent Shareholders by passing the Whitewash Resolution at the General Meeting. A General Meeting has been convened for 11.00 a.m. on 22 November 2010 to approve the Resolutions relating to the Proposals and the Waiver. If the Resolutions are duly passed, it is expected that the New Ordinary Shares will be admitted to trading on AIM on 23 November 2010. The Company is proposing to raise £1.4 million (before expenses) by way of the Placing and Subscription of 70,000,000 New Ordinary Shares at 2.0 pence per New Ordinary Share and further to strengthen its balance sheet by £300,000 by way of the Loan Capitalisation of 15,000,000 New Ordinary Shares, also at 2.0 pence per New Ordinary Share, by Venture Holdings. The New Ordinary Shares, to be issued pursuant to the Proposals, will represent approximately 57.24 per cent. of the Enlarged Issued Share Capital. The Issue Price of 2.0 pence per share represents a discount of 46.67 per cent. to the closing mid market price of 3.75 pence per Ordinary Share, as derived from the London Stock Exchange Daily Official List, as at 3 November 2010, being the latest practicable date prior to the posting of the Circular. Venture Holdings will hold 48.61 per cent. of the Enlarged Issued Share Capital following the completion of the proposed Proposals. |
Posted at 05/8/2010 08:23 by masurenguy Interims announced.Some progress here certainly during H1 with a considerable improvement in the gross margin to 23.4% on an increased sales volume being the most significant factor to emerge. However, if they can maintain this margin improvement for the year and continue to hold operating costs at the same levels as last year then they will still have to achieve sales of circa £12.75m just to reach break-even. That equates to a 360% increase in H2 sales over H1 this year or a 55% increase in sales over H2 last year. Quite a tall order but not a completely impossible one ! There are also two other issues that would bother me if I was an existing investor here. 1. They have still not raised the additional working capital that they confirmed they would need some two months ago in order to continue operating for the rest of this year. I suspect that they probably will be able to raise the funds but at what price ? The dilution could be as much as 50% 2. Their major shareholder (Venture Holdings BV) is also the owner of their outsourced trolley manufacturer in Michigan ("We have an excellent working relationship with our principal plastic manufacturer, Mayco Inc., the Detroit, Michigan subsidiary of our single largest shareholder, Venture Holdings B.V."). This could potentially create a conflict of interest with privately owned Mayco making good profits on the trolleys manufactured and sold to Supercart with the latter continuing to make losses on the sales and distribution of these products to their customers. Not saying that this is necessarily the case but it is a possible scenario. The other issue here is the longer term economics of manufacturing a product like this in the USA rather than in a lower cost area such as Asia or Africa. |
Posted at 15/7/2010 22:28 by masurenguy Supercart first listed on AIM in February 2004 placing 8m shares @50p to raise £4m. At the time of their IPO there were 20.5m shares in issue and the market cap was 10.25m03 Nov 2006: Raised £1.2m by placing of 15,000,000 new Ordinary Shares at 8p per share. 22 Nov 2007: Raised £1.6m by placing of 8,000,000 Placing Shares at 20 pence per share. 23 Nov 2008: Raised £1.0m by placing of 5,000,000 Shares at 20p per share. 26 June 2009: Raised £1.4m by Placing of 15,000,000 Shares at 10 pence per share. The four post IPO placing raised a further £5.2m. A further placing will be necessary before the end of this year to provide more working capital (see June Trading Update) Their cumulative losses in 6 fiscal years since the IPO total £6.4m. Today, some 6 1/2 years later, there are 63.5m shares in issue. At the current share price of 4p the market cap is £2.6m. In that 6 year timeframe their sales have grown from £2.4m to £7.3m but the latter figure includes acquired Rehrig orders so like for like sales have effectively just slightly more than doubled during that period. Operating costs increased from £1.1m in 2004 to £2.8m in 2009. Gross margins were 16% in 2004. They increased to 18% by 2008 but fell to an all time low of 11% last year. Operating losses of £800K increased to a record loss of £2.2m last year. The above summarises some of the key financial metrics since the IPO. All existing or prospective investors should do their own research and make their own judgement calls ! As they say in financial circles "Past performance may not be indicative of future returns" |
Posted at 17/12/2009 18:54 by rivaldo Thx Mas. I'll keep my small holding at present - like you I can see the potential and will monitor for opportunities to increase as and when better signals appear. I think the Hoodless conclusion sums it up pretty well:"Investors should look through the slightly disappointing short term trading update and recognise the long term contract with one of the US' largest retailers is more important to the share price. We maintain the group as a SPECULATIVE BUY." |
Posted at 17/12/2009 11:11 by rivaldo "Supercart (SC., 16.5p, £10.48m) The group has extended its initial business with US based Target Corporation to encompass the supply of a range of shopping trolleys, hand baskets and related repair and replacement parts for a period of 4 years to December 2013. While the short term has seen an upturn in activity and market outlook, it has occurred too late to benefit Q4 of this year. The US market has reacted well to the US re-launch of the Rehrig range and the group will enter 2010 with a strong pipeline. South Africa has continued ahead of budget and will report a strong performance. In addition the group announced its first order in Australia. European sales have been disappointing but a reorganisation in H2 has led to the first order with one of the largest French retailing groups, won jointly with French distributor Caddie. We continue to believe the Rehrig acquisition was a positive move by the group and the group is well place to take advantage of the retail markets as and when they recover. Investors should look through the slightly disappointing short term trading update and recognise the long term contract with one of the US' largest retailers is more important to the share price. We maintain the group as a SPECULATIVE BUY." |
Posted at 06/10/2009 11:20 by investinggarden Speculative Buy rating from Growth Company Investor |
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