Goindustry Share Discussion Threads

[masurenguy] 01/4/2009 16:13

Good illustration here why director buys can be a very misleading indicator. Back in October 2008 four of the directors bought shares:

Bailey bought 100,000 @ 6.25p
Allbrook bought 79,250 @ 6.00p
Horne bought 79,250 @ 6.00p
McNamara bought 360,000 @ 6.25p

They're all roughly 70% down on just those share buys in circa 4 months. Prior to that, McNamara and Horne also bought 340,000 shares and 400,000 shares respectively @ 11p in the autumn of 2006.

[masurenguy] 01/4/2009 15:55

Still heading south with a market cap now beloe £9m and roughly half what they paid for Dovebid just 15 months ago. Another 150,000 shares dumped at under 2p today.
Can they survive ?

[masurenguy] 30/3/2009 06:37

How much of a cost saving will be achieved by the resignation of an NXD ? Hardly a very credible explanation for his departure - wonder what the real story is !
.............................................................................

RNS Number : 6577P
GoIndustry-DoveBid PLC
30 March 2009

GoIndustry-DoveBid plc, the AIM quoted global provider of asset advisory,
disposition and valuations services, announces today that, in support of its
overall cost reduction programme, David Macnamara has resigned as a
non-executive director from the Board of the Company with effect from 31st March 2009. Mr Macnamara joined the Board in January 2006, at the time the Company completed its reverse takeover of Grasshopper Investments plc and listed on AIM.

GoIndustry-DoveBid would like to express its sincere thanks to Mr Macnamara for his contribution over the last 3 years and wish him well for the future.

[masurenguy] 14/1/2009 16:40

Somebody dumped 200,000 shares @2.4p today - market cap now below £11m !

[doowle] 16/12/2008 22:03

They probably won't even lend you the stock, they'll just give it to you to get it off their books!

[masurenguy] 16/12/2008 17:42

I doubt that anyone is able to short GOI at this price level !

[mryesyes] 16/12/2008 17:20

Balance Sheet
Stop shortingGOI, it is too near delisting to take the risk. MOR HMV & KESA are safe. I know about today but why not close out tommorrow? If yous read the threads yu shorts. Croydon, Coulsdon or Farringdon?

[mryesyes] 16/12/2008 17:20

Balance Sheet
Stop shortingGOI, it is too near delisting to take the risk. MOR HMV & KESA are safe. I know about today but why not close out tommorrow? If yous read the threads yu shorts. Croydon, Coulsdon or Farringdon?

[pugugly] 16/12/2008 08:56

I think post 226 (copied below again) says it all. the business does not seem fit for purpose. Nice idea but .....



trewinney - 10 Nov'08 - 09:40 - 226 of 230

Another disappointment!As a registered buyer,and a shareholder, one reason for
lack of sales is that reserve prices are set too high.Have E mailed CEO today,
will advise if any reply.Also they have the worst telephone answering system,
that i have ever encountered

[doowle] 16/12/2008 08:07

Nail and coffin.

[masurenguy] 11/12/2008 19:12

Not looking good. Current market cap is just £12.4m which is 28% below the price that they paid for Dovebid at the begining of this year and only 40% of the total funds raised since they listed on AIM just under 3 years ago.

Shares have fallen 90% over 18 months and 60% over the past 15 weeks. Series of profit warnings has created a credibility problem here which won't be easy to overcome !

[doowle] 10/12/2008 20:33

Porter's 5 Forces:
GoIndustry has a strong position in none of them.
Classic sign of a failing business.

[aim_trader] 10/11/2008 16:36

GoIndustry-DoveBid PLC said it does not expect to meet market expectations for 2008 as buying demand was hit by the recent turbulence in global financial markets and the consequent impact on business confidence.


Buying demand was particularly hit in October, but the flow of business assets to sell was strong in the same month and is continuing to increase, the company said in a trading statement. Further, in the early days of November the level of buyer demand has shown encouraging signs of a return to more normal levels.


The provider of valuation services and seller of used industrial machinery and equipment said the management is confident that the prospects for the company remain strong, and that once market conditions stabilise, GoIndustry-DoveBid will be well positioned to make significant advances in 2009.
The current adverse global economic climate is likely to drive an increasing flow of surplus assets towards the company, which it is well equipped to sell through its online exchanges and auctions, it said.


Additionally, the company's Valuations division continues to operate at full capacity, as the need for accurate, evidenced-based appraisals are increasingly in demand.


GoIndustry-DoveBid added it will provide a further update in due course.

[trewinney] 10/11/2008 09:40

Another disappointment!As a registered buyer,and a shareholder, one reason for
lack of sales is that reserve prices are set too high.Have E mailed CEO today,
will advise if any reply.Also they have the worst telephone answering system,
that i have ever encountered.

[dibbs] 10/11/2008 09:21

Now there's a surprise!

[masurenguy] 10/11/2008 07:50

RNS Number : 7713H
GoIndustry-DoveBid PLC
10 November 2008
Trading Update

GoIndustry-DoveBid plc announces that the recent turbulence in global financial markets and the consequent impact on business confidence adversely impacted buying demand in October. The flow of business assets to sell was strong in October and is continuing to increase. Further, in the early days of November the level of buyer demand has shown encouraging signs of a return to more normal levels. However the Directors believe that this recovery will be insufficient for the Company to meet market expectations for 2008.

The Directors are confident that the prospects for the Company remain strong,
and that once market conditions stabilise, the Company will be well positioned
to make significant advances in 2009. The current adverse global economic climate is likely to drive an increasing flow of surplus assets towards the Company, which it is well equipped to sell through its online exchanges and auctions. Additionally, the Company's Valuations division continues to operate at full capacity, as the need for accurate, evidenced-based appraisals are increasingly in demand.

The Directors will provide a further update in due course.

[philjeans] 09/10/2008 11:46

100k and now 250k I would guess.

This is gonna pop soon.

[bladeboy] 09/10/2008 09:39

Director just purchased a few more
bb

[philjeans] 03/10/2008 06:58

First internet property auction in the US evidently went very well; augers well for 2009 and beyond.

Very good bet for a doubler here.

[philjeans] 29/9/2008 10:51

Nice buy there for 100k - somebody else clearly sees value here.

Always good to buy on a down day. Many bargains out there now.

[philjeans] 29/9/2008 08:37

Time to get in - this business will be very busy for the next few years!

[masurenguy] 29/9/2008 08:03

A couple of buys providing a rare flash of blue on such a red day !

[masurenguy] 24/9/2008 06:09

I agree. Still like the business model and believe that considerable potential remains here. However management have a lot of history to live down and a credibility problem to overcome before I could be tempted here again. Therefore still watching !

[dibbs] 23/9/2008 23:07

This has always looked to have plenty to offer, results thus far have always disappointed. Can the management finally deliver, that remains the biggest question for me?

One minute an RNS is talking of good trading and profits around the corner, a few months later they take a negative turn.

I've been in GOI before and have nearly been tempted in recently, finding it hard to believe that they have really made a sustainable turn around, even though everything says that they should have. This really should be GOI's moment...

Dibbs

[philjeans] 23/9/2008 07:21

Encouraging news - a lot more to come from this one in these troubled times!