Goindustry Share Discussion Threads

[outsider] 04/1/2011 09:06

WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH






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Interim Results

We are pleased to announce our results for the six months ended 30 June 2010.

We have now achieved operating profitability, before other charges, over both of the last 6 month periods. Our first half 2010 performance is a significant turnaround from 2009.

Following the major restructuring in 2009, the resultant lower cost base has significantly improved margins. This, combined with an increase in Direct Profit, our key measure of revenue, increased of 7.9% to £13.8m (2009: £12.8m). Cost control remains a key focus for the Group, and we are therefore pleased to report that we successfully reduced our cost of sales in 2009, the benefits of which can be seen from improved Direct Profit margins during the first half of this year. This has enabled the Group to report an Adjusted Operating Profit* of £0.3m significantly reversing the Adjusted Operating Loss last year of £1.1m (2009: loss £1.1m). The conversion of the £4.5m of loan notes into equity, which took place in September 2009, has reduced the Group's finance cost from £0.6m to £0.2m. As a consequence, the Group reported Adjusted Profit before Tax* of £0.2m compared to last year's Adjusted Loss before Tax* of £1.6m.

We anticipate continuing improvement in the Group's performance in the second half of 2010.








New CEO appointed May 2009

Jack Reinelt (aged 53) has a strong track record of building revenue, profitability, and enterprise value in B2B businesses. He joins with 30 years of management and executive responsibility in the Information Technology industry, including software, internet, database and services companies.


Most recently, he was Managing Director and COO, EMEA at TeleAtlas, a global leader in providing digital data to the automotive, internet, consumer electronics, wireless and enterprise markets. Under his leadership over a four year period, this business grew revenues from €78million to €217million and EBITDA from €6million to €110million.





Aimzine write up Oct 2010



GoIndustry DoveBid awarded Asset Appraiser of the Year 2010
GoIndustry DoveBid wins 'Supplier of the Year'



Broker snap: GoIndustry is recovery play.

Thu 23 Sep 2010

LONDON (SHARECAST) - The turnaround is continuing at the oddly named GOINDUSTRY-DOVEBID , the provider of asset management, auction and valuation services, but the market has yet to recognise the value of this strongly cash generative company, the house broker believes.

"Interim results underline the progress that has been made in turning what was a loss making concern into a profitable and more focused business," said WH Ireland, which has just initiated coverage of the stock.

"We believe the market opportunity to be significant with a revised company strategy leveraging GoIndustry's global strengths into the targeting of higher margin, corporate-led, business. Although the turnaround programme has yet to complete, and thus execution risk remains, we believe the company has the capability to generate significant levels of earnings and cash," said WH Ireland analyst Matthew Davis.

The broker rates the shares a "buy" and has a price target of 195p, based on a discounted cash flow valuation model.

WH Ireland thinks the company is set to make a maiden full year profit of around £0.44m after interim results that saw adjusted pre-tax profits of £0.2m.





Go Industries comes to AIM....potential listed here:





"Even as a market leader,
GoIndustry accounts for less than 0.2 per cent. of the estimated global used
industrial machinery and equipment market."


Operating in a fragmented market estimated by the Directors and Proposed
Directors to be worth more than $100 billion per annum


From S t o c k o p e d i a:

GoIndustry is now the dominant player; it is bigger than its next 7-8 competitors combined


The Procter & Gamble Company (NYSE: PG) hosted its annual supplier awards event on Wednesday 4th November recognizing the company's top performing suppliers. GoIndustry DoveBid have been granted this award in recognition of the high standard of work carried out over several years. Out of 80,000 suppliers globally only 55 have been awarded this status.


Hardman research note:






Announcements of sales

6 months jul-dec 2009 = 111
6 months jan-jun 2010 = 191
6 months jul-dec 2010 = 264

[masurenguy] 19/12/2010 15:22

"Institutional investor meetings are taking place in London on Friday and Monday and a research report should be coming out in the next few days."

Hmmm.....no sign of any positive reaction to those intstitutional meetings and no sign of any research report either. Share price has continued to drift down a further 12% over the past 3 months !

[dealy] 23/9/2010 07:47

Gross Asset Sales up 45%. Run that through the excel spread sheet for the next 10 years for an online business and you get stellar profit growth. Also the company has 80m in tax losses so the first 80m of Ebtida (or a substantial part of it) over the next 10 years will not incur tax.

Institutional investor meetings are taking place in London on Friday and Monday and a research report should be coming out in the next few days.

[philjeans] 23/9/2010 07:39

Good figures; T/O well up and they've struck a small profit.

Outlook very positive.

[philjeans] 15/9/2010 14:30

Figs must be very good; and a forward looking statement.

Or/and a T/O looming..............

[comedy] 15/9/2010 14:25

lol cant even buy 300 but can sell 500 says it all...lest see wherw e are at end of week?:)

[philjeans] 15/9/2010 13:04

You're right I'm sure - up a stunning 35% on a few thou traded!

Hold tight.

[dealy] 15/9/2010 11:23

mm's don't have a SINGLE share. Trust me. Not one single share.

[philjeans] 15/9/2010 11:16

Going very nicely thankyou.

[masurenguy] 14/9/2010 13:52

Ony 5 K shares traded today. Looks like the MMs are just marking it up a bit ahead of the results which are due at the end of next week.

[safman] 14/9/2010 13:44

dealy, almost as illiquid as the old QXL.. although agreed with your last post..

saffy..

[dealy] 14/9/2010 13:26

I have got tonnes of this stuff - been adding in dribs and drabs over the last few months. Reckon the company is worth between £50m and £100m or between 500p and 1000p per share.

So much takeover activity as well in the TMT space. Surely this will get gobbled up? They raised money last year at 250p per share. Today's share price is an anomoly due to Lloyds dumping their whole position a few months ago (because they inherited small cap manager Insight via the HBOS takeover) and a total lack of awareness of the company.

Major opportunity here - if you can get any stock.

[safman] 14/9/2010 12:58

Results soon... one to look out for..

best of luck..

saffy..

[dealy] 11/8/2010 20:15

The stock is dirt cheap. It generated £25m in commission revenue last year. It has 400 employees. The market cap is just £7m. It should be ten times higher.

[masurenguy] 04/8/2010 08:31

Despite the recent 100/1 share consolidation and subsequent director share buys in the 60p - 75p price range, the share price is still going nowhere. Be interesting to see what the pre & post exceptional profit/losses are when they report next month (23/9) !
(no position)

[bori5] 17/7/2010 11:08

O/T check out IRG. DYOR & GL

[dealy] 21/6/2010 08:45

Not that anybody reads my posts here but 900k shares have already been bought on Plus markets this morning in addition to the 115k bought here. Also 2m were bought on Friday.

I reckon the MMs are short of stock. Any positive news this week from the AGM and these shares could double.

[dealy] 21/6/2010 08:36

Hopefully we'll get a move this week with the AGM and the reverse split on Wednesday / Thursday respectively.

They still have the most useless Nomad and IR activities I have ever seen. They couldn' care less about information to shareholders. No research coverage, no news.

They really need to get their act together. Still, that's why the stock is so cheap.

[philjeans] 27/5/2010 20:39

Could be time to get in here; nice director's buys and another 2M changed hands today.

Chart beginning to look attractive.

[cgod] 29/4/2010 13:00

1-100 share con, is comming, shares only go one way after a share con, and that is down.

[goodluckpete] 29/4/2010 09:48

I can feel the pressure its getting closer now