Supercart Plc Share Discussion Threads

[pro_better] 22/6/2010 14:57

you will need it...

[mike_f] 22/6/2010 12:31

23k Buy on PLUS @ 4.3p. Should see this bounce back up this afternoon IMHO. GLA

[mike_f] 22/6/2010 11:24

This fall is way overdone now IMHO. I have taken a few at 4.3p today, the company has said that it needs to raise capital but only a small amount! I feel that if there is an issue of equity that it will be minimal and with a current market cap of under £3m this is a steal at current price... GLA

[pro_better] 11/6/2010 08:45

Tom called it wrong big time...
once again....

[double6] 11/6/2010 08:34

Looks like the mugs have sold out cheap, the MM's moving the share price back towards sensible levels!

[masurenguy] 11/6/2010 08:20

Todays fall is due to an RHPS update advising their subscribers to Sell last night.

[fo77y] 08/6/2010 09:35

Couldn't have been much closer masurenguy in your prediction/calculations...well done on that.

It's always good to see a valid, constructive review of the company by someone on these bb's instead of the usual dribble. I do not hold here but always check in from time to time, hope it works out for everyone invested, sure it will.

[swiftnick] 08/6/2010 08:09

This is the worrying bit:

As a result of the on-going losses the board anticipates that the auditors' report will emphasise that the Company has prepared internal trading forecasts, projected cash flows and other relevant information, which indicate (based upon a continuing improvement in forecast sales during the second half of 2010) that the Company will have a short term cash requirement over the coming months, and that the directors are currently considering a number of alternatives including further equity or debt funding arrangements. Whilst the directors are confident that additional funding will be obtained, and that the improvement in forecast sales will be met, they have concluded that the combination of the above circumstances represents a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern. Nevertheless, based upon the director's expectations that additional funding will be successfully obtained, in addition to achieving the Company's current trading forecasts, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

The share price likely to be depressed until funding is in place. Then expect dilution.

[masurenguy] 08/6/2010 08:05

Masurenguy - 16 Dec'09 - 444: Three years ago I posted that a 16% gross margin was far too low and that they would have to treble sales just to achieve break even. Since then the overhead has more than doubled to at least £2.3m and while the gross margin has marginally improved to 18%, virtually the same equation remains. They will still need to increase sales to circa £12.5m just to reach breakeven. If they make an H2 profit this year that'll be a first but they will need to sustain a substantial sales increase of more than 100% next year just to breakeven............The placing earlier this year raised £1.5m at 10p but two-thirds of that has already been spent on acquiring the Rehrig assets and they only have circa £400K left. This follows a prior placing of 8m shares at 20p to raise just over £1.5m only 18 months earlier. Since they will have to at least double sales, on existing margins, just to break even (assuming that they can make £6m in revenues this year) it is quite likely another placing will be required just to fund future working capital so yet a further dilution could be on the cards within the next 12/18 months..........The Rehrig products should help to significantly boost sales in North America but a fair proportion of the incremental income is likely to be swallowed up in additional operating coats.

I'm afraid that I did flag this up 6 monthe ago ! Losses for the year have almost doubled, the gross margin has now fallen to 11.5% and the operating expenses have increased by 34% due to the increase in US operations !
_________________________________________________________________________

RNS Number : 2099N
Supercart PLC
08 June 2010

Preliminary announcement of results for the 12 months ended 31 December 2009

Highlights

· Turnover of £7,354,000 (2008: £4,809,000), up by 53% to last year

· Administrative expenses are up by 34% due largely to increase in North America operations

· Trolley unit sales are up 40% to 95,205 units (2008: 68,217 units).

· Higher manufacturing costs in North America have resulted in a reduction of gross profit margin to 11.5% (2008: 18%).

· Net cash balances at 31 December 2009 were £501k (2008: £1,025k)

· Acquisition of Rehrig assets in March 2009 has transformed the operations in North America with many major retailers on-board.

Mike Wolfe, Chief Executive, commenting on the results said: "The investment made in 2009 through the purchase of six new moulds in North America did not generate the level of sales we had anticipated, due to delays in fully commissioning these moulds. However, since the start of 2010 Supercart has generated a significantly higher level sales activity with new and existing clients including Target, Toys R Us and several other national US retail chains. The Company has, for the first time in its history, a full range of products available in each of our major markets which, since the start of the year, enables us to now compete directly and effectively with our major competitors. The progress we have made in the first five months of the year has given the Company strong momentum for the remainder of 2010."

[andrew james] 05/6/2010 09:16

Results Tuesday 8th June I believe, should give a very interesting update on this years sales to date now that trading in the US has been given an excellent start to 2010 and Europe has also come up trumps, which is a bonus.

[andrew james] 11/5/2010 23:12

Taken from iii

Unlike last year where the Final results for 2008 were delayed in order to announce the Issue Of Equity at the same time expect the Final results for 2009 to be announced before the end of May.

Just like the half year results don't expect the company to have made any profit but read into the forward statements and year to date sales as i would expect them to hint that this could be the turning point for the company following the disappointment of the Final Quarter in 2009, as always do your own research but a great time to buy in my opinion.

WiseHub

[andrew james] 23/4/2010 06:34

This is a company now set to turn the corner, last years results when published will not be fantastic but we already know this and the share price has suffered accordingly.

Sales for the first half of 2009 were around £1,000,000, we are already aware of orders that are over £1,000,000 for the first 4 months of 2010 then there are the orders we don't know about + sales in South Africa & Austrailia, just bide your time if your already holding and if your looking right now then i don't think you can far wrong with this one, but DYOR

[pre] 08/4/2010 08:43

nice significant order win as per the rns this am...should recover well from here as company winning some good business, dyor etc...

[pre] 08/4/2010 08:16

Further European sales orders


TIDMSC.

RNS Number : 8587J
Supercart PLC
08 April 2010

?


08 April 2010

SUPERCART PLC
("Supercart" of the "Company")

Further European sales orders


Supercart (AIM:SC.), the UK company involved in the design, marketing and
distribution of plastic shopping trolleys, is pleased to announce that it has
received further substantial orders through its European distribution partner,
Caddie SA. ("Caddie"). In December, the Company announced that, following a
restructuring of its European sales operations, it had secured a significant
order from one of the largest French retailing groups, through a joint project
with Caddie.

Supercart has now received a further two orders for immediate delivery, through
Caddie, with an aggregate value of over GBP600,000

Mike Wolfe, Chief Executive of Supercart, said: "As we continue to focus much of
our energies on the North American market, it is nevertheless encouraging to
report that the European market is also showing signs of strengthening. I
believe that we will be well placed to benefit from this through our strategic
alliance with Caddie."




+------------------------------------------------+-----------------+
| Enquiries: | |
| | |
+------------------------------------------------+-----------------+
| Supercartplc | 01732 459898 |
| | |
| Chief Executive | |
| Mike Wolfe | |
| | |
+------------------------------------------------+-----------------+
| CharlesStanleySecurities | 020 7149 6000 |
| | |
| Nominated Adviser and Broker | |
| Russell Cook/Ben Johnston/Carl Holmes | |
| | |
+------------------------------------------------+-----------------+
| TavistockCommunications | 020 7920 3150 |
| | |
| Jeremy Carey | |
| | |
+------------------------------------------------+-----------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END

[fo77y] 23/3/2010 12:13

It tends to drop every year around this time usually without any reason, or has done for last few years. I suppose there may well be an issue on the cards but nothing stating so.

I usually check in around this time of year, and may look to get in if it drops to circa 8p, if not then won't bother.

[robert_ainsworth] 23/3/2010 11:22

Drewster, i completely agree with you. I can't seem to find the reason for the recent price drop - and i would love to as i have a very keen interest in this company.

Report on here if you find anything please.

[the drewster] 23/3/2010 10:22

Presumably the price dip is on rumours of a cash call? Can't find anything anywhere, and these remain interesting for the potential.

[pugugly] 16/2/2010 11:26

Do not like the last 2 line of this rns:- Reads like a profit warning for fy 09. As we all know the interims were terrible

Turnover of GBP947,000 (2008 - GBP1,032,000)
* Operating loss of GBP991,000 (2008 - loss of GBP725,000)

At this rate there is likely to be a very significant cash shortfall in the final accounts and a need for further funding.

Anyone like to put a figure on the potential 2nd half cash burn and loss ??

(imo dyor etc)

Shares now trading at 12p

[rivaldo] 03/2/2010 15:19

Today's RNS reads very well to me - pretty important for an £8.7m m/cap company, particularly if Toys'R'Us place follow-up orders.

The CEO's closing comment about the excellent start to 2010 gives a nice cosy feeling:

Mike Wolfe, Chief Executive of Supercart, said: "I am extremely pleased that
this significant order from Toys "R" Us, together with a healthy level of
activity in our US operations, has given us an excellent start to 2010. The
market was slower than anticipated in the final quarter of 2009 but orders are, as predicted, now coming through."

[masurenguy] 03/2/2010 11:00

I wouldn't get too carried away here. It's a small order and this mornings 17% rise in the share price is largely due to the MMs marking it up at the open. In the 3 hours since then the total value of the share volume traded is only circa £16,000.

[jonnyno1] 03/2/2010 10:07

contract good, bad news about lack of orders, however probably through no fault of the management, just general market conditions. Next set of figures aint going to be good.

j.

[bhindi123] 03/2/2010 09:57

Hyper,

I believe you're correct in your assertion: LSE only (AIM and PLUS).

[hyper al] 03/2/2010 09:44

Is this just listed on AIM?