Gatekeeper Share Discussion Threads

[amla] 19/3/2007 12:44

Thanks Masurenguy...good to know that an intelligent poster,like yourself is looking in today!
Will the share price move up when American investors wake up today?

[masurenguy] 19/3/2007 12:03

There was a 100K transaction at 9.29 at 53p. Could have been a Buy or Sell at that price but since there was a tick up I have to assume that it was a Buy !

Problem with this stock is that it is very niche and under most peoples radar.

[amla] 19/3/2007 12:00

Have you got level 2 to find out what the big trade was?It has'nt altered the share price but was maybe a late reported trade?
LOL to us,Planet!!!

[planetgong] 19/3/2007 11:05

Hi AMLA, i think the non supermarket stuff was installation at several(?) Italian railway stations or somesuch.

I reckon that 75p would be a reasonable target - the long wait for the interims starts now! :~)

[amla] 19/3/2007 10:50

Wondered where you were,Planet.Thanks for your interest.
Seems to be no reaction whatsoever from peeps to what are a good,solid set of results IMO.Only problem maybe the mention of lower margins as they are having to outsource some installations.This means that they will need to increase their own labour force as more work comes in.However,the market hates talk about lower margins!
This is certainly off the radar for investors.It is such an illiquid share and financials are in dollars as it is an American company,after all.If GKR was British IMO the share price would be around 70p which is where I have set my target.But we could see 59p and then down she goes again if this is'nt mentioned in the press soon.
What was the non supermarket application they mentioned?It was'nt the cart being trialed for immobile people was it?
I suppose I shall hold on a bit then. I have to sell at 61p to get my cash back.The lack of peeps' interest has put me off buying more,unfortunately.

[planetgong] 19/3/2007 10:14

mkt cap = 45m x 96cents = 43m usd
profits = 2.4m
PE = 18 hist for 2006

EV = 43.2m - 7.9m cash = 35.3 gives EV/earnings of 14.7

optimism for 2007 and strong first 2 months means I'll hold.

[planetgong] 19/3/2007 09:56

Preliminary results for the year ended 31 December 2006

Gatekeeper Systems, Inc. ("Gatekeeper" or "the Group"), the leading global
provider of intelligent shopping cart solutions, is pleased to announce
another year of record results.


Financial Highlights:

* Turnover up 46% to $29.6m (2005: $20.3m)
* Profit before tax increased 27% to $3.3m (2005: $2.6m)
* Net profit increased 30% to $2.4m (2005: $1.9m)
* EBITDA increased 35% to $3.5m (2005: $2.6m)
* Operating cash flow increased to $1.2m (2005: $1.9m cash outflow)



Sales and Operational Highlights

* Completed single largest customer rollout in our history
* Executed long term supplier agreements with two major customers
* Procured first major CartManager contract
* Procured our first major contract outside of retail industry
* Established CartManager assembly and distribution facility in Texas
* Relocated Head Office in California
* Established sales offices in Latin America and Asia





Commenting on the results, President and CEO, Michael Lawler said, "Our
results represent the third consecutive year of record achievement. We have
grown sales 59% on a compounded basis over that period of time, which
coincides with our listing on AIM. We are singularly focused on maintaining
our position as the leading global provider of intelligent shopping cart
solutions for retailers to prevent cart loss and merchandise theft, while
maintaining high customer service and environmental standards. The continued
growth in demand for our trolley containment and theft prevention product
offerings, continued progress in our research and development initiatives,
expansion into the new verticals and expansion of new product offerings
through acquisition are all very exciting. We are gaining significant
momentum in executing on our mission of delivering technology solutions to
retailers throughout the world."

Chairman's statement

I am pleased to report year end results of the Group for the year ended 31
December 2006. Our successful operating performance is a reflection of the
organic growth in our major markets and improved synergies gained through
acquisitions in 2005. Product acceptance continued to grow in North America
which recorded a record number of GS2 System installations with all of our
major customers. Europe also experienced strong growth and recorded its best
year ever. Our expanded infrastructure has enabled us to offer and deliver
additional product offerings and high quality customer support to top
European retailers.



Financial results

In 2007, AIM listed companies will be required to report using International
Financial Reporting Standards ("IFRS"). For the period ended 31 December
2006, the Group has elected to adopt these standards one year early. While
there were no material differences, prior period results have been adjusted
to reflect this.


This year we reported our third consecutive year of increased profitability.
Turnover, income from operations and net profitability all exceeded prior
financial periods. Turnover increased to $29.6 million from $20.3 million
in 2005. Profit before tax increased to $3.3 million from $2.6 million in
2005. Profit before tax net of intangible amortization increased to $3.5
million (2005: $2.6 million). Net profit after tax increased to $2.4 million
(2005: $1.9 million).


With the increased acceptance of our GS2 system, turnover exceeded
expectations. While the Group met this increase in customer demand, a larger
mix of installation revenue and use of independent installation partners
lowered overall margins more than anticipated. Product sales totalled $21.9
million up from $15.4 million in 2005. Installation turnover increased to
$7.2 million up from $4.5 million in 2005. Service turnover increased to
$0.6 million (2005: $0.4 million).


The Company's turnover was generated primarily in North America and Europe.
North America turnover increased to $21.5 million up from $15.7 million in
2005. European turnover increased to $8.1 million up from $4.6 million in
2005.


The net cash position at 31 December 2006 remained strong at $7.9 million
($7.9 million at 31 December 2005). Cash flow from operations was $1.2
million inflow compared to an outflow of $1.9 million in 2005.



Product initiatives


In 2006, we continued to experience increased acceptance of our trolley
containment system in both North America and Europe. Today, our customer
base includes 17 of the top 20 global retailers. A major European retailer
increased adoption of our Purchek solution and Gatekeeper also began Purchek
trials with a major North American retailer. In addition, we continued to
invest in research and development with a focus on a long-term aim of using
the Company's patented GS wheel technology to provide real time data to
retailers on trolley fleet management, queue management and location based
marketing statistics.


We are making good progress with our mobility cart initiative. Mobility
carts are used by people with limited mobility to shop in a store.
Retailers, for a variety of reasons, want to restrict the capability of the
cart from being taken outside of the store. Our 2006 product initiatives
focused on working on a solution to resolve this issue for retailers and in
early 2007, we started an initial trial with a major US retailer
demonstrating a prototype solution.



Operations


We continued to expand our servicing capability in both North America and
across Europe. In North America, we opened an assembly and distribution
facility in Dallas, Texas which enabled us to support the CartManager product
line and improve customer support services and expanded trolley containment
distribution capabilities. We also added field service staff and increased
the number of third party installation and service partners which enabled us
to easily meet our growing North American installation opportunity.


Through our European headquarters in France, Europe delivered another year of
strong performance in 2006. We continued to expand our distribution
partnerships across Europe and increase our field service staff in the UK and
France to support our rapidly increasing installation base. Today, over 500
trolley containment systems are installed across 12 European countries.



Post balance sheet event


On 2 March 2007, the Group finalised the renegotiation of the acquisition
purchase price of our Canadian distribution rights for a lump sum payment of
$2.75 million. This payment replaced the contingent consideration set out in
the previous agreement entered into in August 2005 which required payments in
2006 and 2007 based upon a formula of 1.75 times the annual pre-tax profits
of Gatekeeper Systems Canada, Ltd.



Outlook


We are optimistic about 2007, and the strong order volume during the first
two months of the year provides encouragement that the Company will deliver
on expectations for the financial year.


We continue to execute on our product road map and our research and
development team continues to work on a number of new products, some of which
we expect will begin generating turnover in late 2007 or early 2008.

[amla] 12/3/2007 17:23

Got my week wrong,Planet.Yes,the big day is next Monday not today.
Gives us a few days for optimistic BUYING before results,then!

[planetgong] 12/3/2007 10:33

Hi Amla, for some reason I have them marked on my calendar for mon 19th march.

[amla] 12/3/2007 10:25

SO,where are the results?According to their website we should have them today.
LOL to all long serving,bored holders like me!!!!

[planetgong] 11/3/2007 15:27

I hope this sort of thing doesn't catch on....



"...Book Description
A must-have for anyone with a passion for shopping carts and a love of the great outdoors.

In The Stray Shopping Carts of Eastern North America author Julian Montague has created an elaborate classification system of abandoned shopping carts, accompanied by photographic documentation of actual stray cart sightings. These sightings include bucolically littered locations such as the Niagara River Gorge (where many a cart has been pushed to its untimely death) and mundane settings that look suspiciously like a suburb near you.

Working in the naturalist's tradition, the photographs depict the diversity of the phenomenon and carry a surprising emotional charge; readers inevitably begin to see these carts as human, at times poignant in their abandoned, decrepit state, hilariously incapacitated, or ingeniously co-opted. The result is at once rigorous and absurd, enabling the layperson to identify and classify their own cart spottings based on the situation in which they were found.

About the Author
Julian Montague is an artist and graphic designer whose various art projects address issues of scientific classification as they relate to our perceptions of the natural and man-made worlds. A graduate of Hampshire College, he lives in Buffalo, New York."

[its the oxman] 28/2/2007 13:15

sold out here to take advantage of other opportunites given the market setback

[amla] 19/2/2007 11:32

Stuck for months......boring and frustrating.
Roll on results...19 March.They'd BETTER be GOOOOOOOOD.

[scburbs] 17/2/2007 20:59

An indication that Councils intend to impose the new laws regarding shopping trolleys in the UK. Expensive for retailers who face the loss of shopping trolleys + a £100 penalty (or cost of recovery). Should lead to increase sales for GKR in the UK.

[scburbs] 30/1/2007 11:27

AMLA, GKR's largest business is in the US where I believe they may be fining supermarkets. They are also growing rapidly in Europe and I believe there is talk of similar legislation here. With a presence in US and Europe and a market leading product they certainly have a large enough market to sustain decent growth over the next few years.

I am also waiting on new product news which I believe is due.

[amla] 30/1/2007 10:24

Seems silly that we are still at IPO price after two years.Learnt my lesson here...only buy shares in companies that have been in profit for a minimum of four years.That way you see momentum in the share price movement and more investor confidence instead of the slow dance in circles that is going on here.
There is competition in the supermarket trolley business and many supermarkets don't have the cash for more expensive trolleys and continue to buy cheap.If local councils were to fine supermarkets for trolley "litter" then GKR would be more successful in its sales campaign.

[unionhall] 29/1/2007 14:23

sounds likely planetgong - good sign for holders....

[masurenguy] 29/1/2007 13:41

Go on, push the boat out - have a Schnapps chaser too !

[planetgong] 29/1/2007 13:37

I'd concur with Amla. The results will give a better idea of prospects. I'm especially keen to see how the European office is progressing. Considering that Unionhall and Arthurly were responsible for 70,000 out of the the 75,000 shares traded today then I'd suspect that that German(?) small cap fund is probably still happily accumulating in the background. It is all a bit exciting though - better go and have a nice cup of tea and a little lie down.

[amla] 29/1/2007 11:09

Definitely a medium term hold.I'm staying in for results,when we will have a better idea of new customers etc.This might impress the market more than today's rather muddled rns's.Whatever,profits are up,which is good.

[masurenguy] 29/1/2007 10:53

I also sold out a couple of weeks ago and took profits. Not much newsflow and still a difficult share to trade - impoosible to trade online - always have to phone the broker.

Back on my Watchlist again - might look to get back in later in the year.

[scburbs] 29/1/2007 10:49

Trading statement was ok. I think most people (myself included) were expecting an exceeds expectations statement based on extrapolation of H2 performance last year. Growth is respectable at 27% PBT. Last years H2 was spectacular, probably due to delays from loss making H1 last year. This year has seen more balanced growth with a less severe H1/H2 split.

No statement on pipeline is not helpful, but is in line with previous GKR trading statements which do not comment on pipeline.

Given the large spread I am holding on as GKR is a solid company with good growth prospects. However, I was expecting a large rise today on the back of a strong statement. This is clearly not going to happen and, therefore, a pull back might be expected from the exit of those like Unionhall and Arthurly who were also expecting a large rise.

[mikehardman] 29/1/2007 10:40

revised RNS - shows pretax profit expected to be up 27%

[arthurly] 29/1/2007 10:34

Sold 30k today union - just got a few left now.