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CTGP Cartucho

3.75
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cartucho LSE:CTGP London Ordinary Share GB00B0R2GC21 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.75 GBX

Cartucho (CTGP) Latest News

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Cartucho (CTGP) Discussions and Chat

Cartucho Forums and Chat

Date Time Title Posts
19/7/200721:59Cartucho with Charts & News117
20/11/200620:33CARTUCHO....making replacement cartridges history?101

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Cartucho (CTGP) Most Recent Trades

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Cartucho (CTGP) Top Chat Posts

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Posted at 22/2/2007 09:58 by rafas_reds
I've bought and sold shares in this company mainly on the premise of the officemax contract and their capability to strike partnerships with major retailers however this is worth a look at the company below are listed on cartucho.com as the company cartucho choose to sell their kiosks to



I wonder what ctgp involvement is, it would tie in with the introduction of the compact, if they are selling any of their kiosks....
Posted at 18/11/2006 20:38 by illiquid investor
at least they can start getting a return on the kiosks that have been sat in inventory............malkie they are not out of the woods if they were the share price would alrwady be pushing above 10 pence

they are valued at 5 million with little debt and can now complete the roll out from existing inventory....they had nearly 500 made at end of july and only 379 installed when they froze further installs...they can now complete the roll out from inventory and SHOULD i think be around breakeven........but i dont know exactly what the cost of increased support etc is....will try and find out

volumes are improving in existing kiosks and margins improved....lets wait and see management reshuffled and an old hand taking up the challenge

i know where my money is going
Posted at 18/11/2006 14:29 by rafas_reds
There was something in the oct 12th trading statement

Despite the reduction in income the Company continues to trade within its combined cash reserves and bank facility limits. There will be further cost reductions in indirect cost lines before the end of 2006 and based on the current levels of income the Company will become cash positive in December 2006.

I understand if you look at his co from a pure financial angle it's not the most attractive however aim shares in development stages tend to differ with the valuations put upon them.

Malkie your track record of calling this one isn't brilliant you didn't give this co a hope at 2p mid price when i bought in...
Posted at 17/11/2006 19:32 by knowing
It's been a jittery time for Cartucho (CTGP), a developer and manufacturer of ink refill kiosks. The shares recently collapsed after the group said it had suspended roll-out of its kiosks with a major US customer due to service and support issues. Thankfully, the company said that the roll out had restarted and its shares jumped 2p to 5.625p. The remaining installations will take place during 2007. David Scanlan, one of the original founders who developed the concept of retail kiosk refilling, has been appointed as chief executive of the company's US subsidiary.
Posted at 17/11/2006 12:18 by malkie
jackdaw1on1 - I don't hold at this point but may consider buying if there was some visibility on financials.
I don't share your optimism regarding financing. Dilution is a price you may have to pay and sometimes it's unavoidable.
The restructuring costs are going to have to come from somewhere, as are the costs of the extra service levels.
The fact that the company makes mention of this element in today's trading statement is evidence enough that they are not out of the wood.

All very well to try to pump them now, so when fund raising does come it wont be at such a distressed level. But I prefer to wait 'n see.
Posted at 08/11/2006 09:58 by rafas_reds
Simplistic maybe!! However why over complicate things the market that ctgp are in fundamentally has not changed ie competitors with more advanced equipment or OEM suppliers altering this market hasn't happened. Since ctgp floated the same risks still apply the ones that you mention that were highlighted in the prospectus ipo.

What has changed as you rightly point out is the markets confidence in ctgp to deliver. This is primarily based upon service issues i.e engineers getting out within a prompt period and first point of call interaction with the callcentre also there would of been teething problems with any new hardware that only time could put right.

Correct who knows what ultimatum officemax have delivered, however that the kiosks are still in place in nearly 400 outlets is surely testament to the working relationship that they have. If it was a total ballsup I'm sure officemax could of pulled the plug stating incompetence on ctgp part and that would of been it.

In terms of betting against the market thats more of a generalisation stating that the markets always right.

Eggs all in one basket no disputing that fact they need to keep officemax for the business to exist in it's present format. However if the company sole wish is to take a pot of money spend it then delist and purchase the equipment and ip rights for a nominal fee then that applies to most companies listed on aim without any institutional support unless you have a bunch of shareholders doing a cfe...

OEM cartridges not expensive you are having a laugh, relative to disposable income maybe but in terms of what it costs for the actual ink thats some mark up and as the consumer becomes more aware of this is looking to seek better value.

I can go out and buy bulk ink for next to nothing and any firm manufacturing/buying wholesale is in a position to offer seriously good value to the end user. That in itself allows the enduser to perhaps print more that in turn can drive the market.

You seem to be taking the view that the hp/cannon/epson will squash the idea of kiosks and similar hardware. This is where i will have to agree to disagree with you looking at the market i feel that refill kiosks will be around for sometime although oem sales for the immediate future will have a sizable chunk of the market. It's just weather ctgp can put themselves in the best possible position to profit from this time will tell.

The last rns stated an update in the near future this should pretty much give a boost to the share price if positive or if negative the price heads south.

R.R
Posted at 07/11/2006 22:24 by rafas_reds
This is how i see things at the moment company floats stating that they are going to have xyz sales predominately from one customer via revenue sharing basis and look to pursue new business. Ctgp have problems with hardware mainly due to service/maintenance issues share price collapses.

So if ctgp put out an update stating after a review of their service procedures officemax are happy to continue their partnership blah blah... The price moves upwards. Taken into account that this is an aim stock at an early stage it is going to be news driven and the market generally looks 12-18 months ahead.

A friend of mine used to be involved with a couple of franchise c/worlds that he used to run and in terms of innovation things haven't changed much and as you rightly point out the consumer will always need to purchase oem equipment. My view is for the percentage of the market that ctgp have to gain for the company to be valued higher than it is at present is minuscule.

Agree that the big boys can call the shots and epson are well renown for this type of thing and hp have made some noises as I'm sure you are aware. However i don't think it's that clear cut what type of outlets sell their consumables/hardware.


Cartridge no 338

One more question for you how much do you think a recon ce22 kiosk is worth trade?
Posted at 06/11/2006 07:19 by rafas_reds
They drill a hole for some cartridges not all though, from what i understand ctgp and officemax have a profit sharing agreement i.e the cost of the hardware is absorbed by ctgp and the revenue generated is split how I'm not sure but the word partnership leads me to believe that it is much more than a franchise return would be, they also sell kiosks outright.

The company guarantees the quality of the product if customers are not satisfied they can have a full no quibbles refund.

I have actually seen how the machine works they have six in sainsburys I got a cartridge fiiled up at loughborough in under five minutes.

I agree there are problems thats why the co is valued at 1.8 mill and has allowed me to invest at this price. However I feel that the biggest problem is not refilling but the maintenance and servicing of the equipment also the training of employees, this is where the company will fail or succeed in my view.

You are assuming that this kiosks cannot be upgraded to implement any new advances in the market as they arise.

I hold at present whats your postion in this? malkie ps. (i do welcome your input)

R.R
Posted at 12/10/2006 12:05 by matches
I have it on fairly good authority that the previous owners are going to try and buy back the company. Not sure how much if any this will lift the share price but may be worth a small punt.
Posted at 28/3/2006 20:26 by dibbs
Bullbearlady,

As ever an update will come when you least expect it! Possibly a little selling after a 50% increase in a short timescale is to be expected, some early investors being prudent and booking a profit. End of tax year possibly a factor also.
One positive announcement and write ups in the IC and or Shares mag etc will see another 10p on the share price IMO.
I also remain happy to hold, though always happier holding when the share price is rising!

Dibbs
Cartucho share price data is direct from the London Stock Exchange

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