Goindustry Share Discussion Threads

[sheik yerbouti] 15/11/2006 14:03

Anyone got any forecasts or price target? Not sure how to value a company like this.

[andrbea] 15/11/2006 10:44

Board true to its Aim
PERRY GOURLEY

COMPARISONS with eBay may be a little premature but Goindustry is making a growing name for itself in the online auction business.

The firm specialises in auctions of surplus industrial machinery and equipment and recently announced that more than 50% of its sales were now being staged online.

Last week the company announced it had just staged its first auction in China with 150 lots sold on behalf of a water heater manufacturer.

The company said that although getting to grips with Chinese legislation governing auctions and tax had been "challenging", the sale was a success and it expects to hold more there in the future.

Shares in Goindustry have fallen since the firm joined Aim earlier this year but directors have been regularly upping their holding and last week four of them spent £125,000 on 1.14m shares at 11p.

Non-executive David Macnamara has now bought on three separate occasions in the last six months, including 400,000 shares at 11p in May and 500,000 shares at the same price the next month.

• John Urwin, operations director at Edinburgh-based technology group Wolfson Microelectronics, has sold 200,000 shares at £2.90 despite the recent plunge in value, cutting his stake to 295,124 shares.

• Martyn Ratcliffe, chairman of technology group Microgen, has increased his stake after being re-appointed to the board.

Ratcliffe bought 250,000 shares at 51p each, pushing his holding to above 4.8m shares.

• Noam Lanir, chief executive of Empire Online, has bought

30 million shares at 41p per share from Awen International. The £12.3m purchase takes his holding up to just under a third of the company.

• David Whelan, the former professional footballer who founded JJB Sports, has sold £1.96m worth of shares. He still holds a stake of 8.38m shares.

• Mark Wells, a non-executive director at data capture group Dicom, has bought 10,000 of the firm's shares at £2.40.

This article:

Last updated: 12-Nov-06 01:05 GMT

[sheik yerbouti] 14/11/2006 16:46

... and a 100k 'O' trade at 16p.

[andrbea] 14/11/2006 16:34

here they are:

14/11/06 15:57 14.5 50,000 T
14/11/06 16:26 15.0 100,000 T

[andrbea] 14/11/2006 12:46

just 'O' trades so far today

sometimes other kinds turn up later in the day (which explain the rise)

eg on Nov 7 one 'L' of 164 k reported ca 13.26h
and on Nov 8 one 'T' of 141k reported 16.27h

[mctmct] 14/11/2006 11:51

Director buying just ahead of the announcement about China ......

Hmmmmmm

[dibbs] 14/11/2006 11:16

Yes, looking very strong now. After a drift down on low volume, it is not taking much to move now.

Dibbs

[sheik yerbouti] 14/11/2006 10:57

Nice, up 11% now. That rns on the 9th about moving into China wasn't showing before.

[dibbs] 14/11/2006 09:26

Another little move up today. With the large director buys and results that showed a great improvement, I think that GOI look strong going forward.

It will be nice if the price can breakout of this years downtrend today.

Dibbs

[mctmct] 09/11/2006 09:02

Why the "A" flag today? There's no news showing.

mct

[britishbear] 08/11/2006 20:40

A cynic would argue that the house broker dropped the price to allow the directors to fill their boots - looks awafully like a spike downwards to allow a large buy by shaking out some weak holders.

Looking interesting again now and the director buys really are excellent news - who else would have a better idea of future prospects and results.

Holding but was looking to buy on the dip but missed it.

[gonnabuildmeahouse] 08/11/2006 18:11

Brokers hope for profits of around £300,000 on sales of £30m.

Is about all I can offer at the mo.

G..

[dibbs] 07/11/2006 23:57

Anyone have info on broker forecasts for GOI?

TIA

Dibbs

[camposhenrique] 07/11/2006 17:55

GOI still has work to do in improving the revenue it receives from professional services... Just had a quick scan through jan 2006 balance sheet etc... In Jan they seemed to post a 7m loss, considering the interim was released in June (I would assume the 7m loss came from heavy investing) this means they shredded 6.8m loss (i.e. made 6.8m profit) in 6 months... I did look through this in a rush, but if that is the case, then I will definitely stock up on them... Please correct me if I am wrong (I have literally spent 5 minutes looking at this, will do further research when I get more time)

cheers

[sheik yerbouti] 07/11/2006 11:02

Quite a lot of stock cleared yesterday, I guess that's what had been the cause of the fall.

[highcommissiondelhi] 07/11/2006 09:14

Yes,- seems to be heading in the right direction with losses narraowed.
Should see profitability soon.

[mctmct] 07/11/2006 09:13

I'm topping up - just bought another 40,000. There seems to be some boot-filling going on - and the fundamentals look OK too.

mct

[sheik yerbouti] 07/11/2006 08:09

Looks interesting - cluster buying by the directors:

GoIndustry PLC
07 November 2006

GoIndustry plc ('GoIndustry' or the 'Company')

DIRECTORS' DEALINGS

The Company was informed on 6 November 2006 that John Allbrook, a director of
the Company, purchased 340,000 ordinary shares of GoIndustry (the 'Shares') at
an average price of 11.0 pence per Share on 6 November 2006. Subsequent to this
purchase, Mr Allbrook holds a total of 697,705 Shares, representing 0.35% of the
issued share capital of the Company.

The Company was also informed on 6 November 2006 that David Horne, a director of
the Company, purchased 440,000 ordinary shares of GoIndustry (the 'Shares') at
an average price of 11.0 pence per Share on 6 November 2006. Subsequent to this
purchase, Mr Horne holds a total of 440,000 Shares, representing 0.22% of the
issued share capital of the Company.

The Company was also informed on 6 November 2006 that David Bailey, a director
of the Company, purchased 135,000 ordinary shares of GoIndustry (the 'Shares')
at an average price of 11.0 pence per Share on 6 November 2006. Subsequent to
this purchase, Mr Bailey holds a total of 885,000 Shares, representing 0.45% of
the issued share capital of the Company.

The Company was also informed on 6 November 2006 that David Macnamara, a
director of the Company, purchased 225,000 ordinary shares of GoIndustry (the
'Shares') at an average price of 11.0 pence per Share on 6 November 2006.
Subsequent to this purchase, Mr Macnamara and his family hold a total of
1,689,520 Shares (including those owned by his wife), representing 0.86% of the
issued share capital of the Company.

[sikhthetech] 03/11/2006 00:25

I'm still not bought since I looked at these last Feb....had a few financial things to sort out and my qxl shares haven't shot up yet!!!! I suppose I've been lucky....
I still think goi remind me of qxl 2/3 yrs ago, when they were near to profitability but investors were reluctant to move in. They also had pr problems, ie a lack of it...needs press coverage....
I'm positive about goi prospects and am looking to buy in soon.....

Good Luck all

[seconduser] 02/11/2006 16:44

Don't be too quick, it dropped for the sell nothing worse, no fund raising, no profit warning. Let's see what tomorrow brings.

[gonnabuildmeahouse] 02/11/2006 15:32

LOL , another IC tip my club followed goes down the tubes.

G..

[seconduser] 02/11/2006 13:39

Can't find any reason for drop... seems a good business, revenues increasing, management team seem to be OK...anyone?

[cityfarmer] 02/11/2006 11:36

Any views on today's collapse in share price? I can only presume a fund raising is going on behind the scenes but that is only a guess.

[mctmct] 04/10/2006 14:19

I have bought several things through their auctions (including wine & spirits!) , and they are well-run and often very good value. I recommend their UK auctions as a way of buying cheap factory or office equipment, so long as you are happy to collect.

I regard the results as encouraging, and today's fall as a buying opportunity. I just bought 50,000. I'll buy more if they drop further.

mct

[gonnabuildmeahouse] 29/9/2006 16:32

Sorry T , don't know the name , just had a look at this yesterday for the first time.

It was the ebay comparison that caught my eye tbh , only a punt for our club though so nothing to heavy.
Still least it must do better than YOO surely :0)

Right better go and have a look at their site.

G..