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GOI Goindustry

71.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Goindustry LSE:GOI London Ordinary Share GB00B5V5DB07 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 71.50 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 71.50 GBX

Goindustry (GOI) Latest News

Real-Time news about Goindustry (London Stock Exchange): 0 recent articles

Goindustry (GOI) Discussions and Chat

Goindustry Forums and Chat

Date Time Title Posts
21/3/201219:42Recovery @ GOI ( A niche Ebay! )124
04/1/201109:19Going, Going UP - GoIndustries Ebay for companies314
21/1/200712:52QXL & GOI1

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Goindustry (GOI) Most Recent Trades

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Goindustry (GOI) Top Chat Posts

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Posted at 26/8/2011 21:40 by hazl
it looks very cheap at this price imo
but then Im biased! 8-)
Posted at 04/5/2011 07:25 by aim_trader
from above:

"We believe the market opportunity to be significant, a revised company strategy leveraging GoIndustry's global strengths into the targeting of higher margin, corporate-led, business.

"We believe the company has the capability to generate significant levels of earnings and cash, thus we reiterate our 'Buy' recommendation and 195p price target."

He continued: "Results for FY2010 evidence the turnaround of the business, a better than expected adjusted profit before tax reflecting a change in revenue mix in the year and success of new strategies laid down by the new CEO.

"A measured cost reduction plan (reducing the relatively high fixed cost base to an annualised £27mln) combined with greater focus on higher margin trading activities, has resulted in both revenue growth and margin expansion leading to a profitable trading performance over three consecutive half year periods".

The broker set a cautious estimate for full-year 2011 at an adjusted profit of £0.7million. Davis expects that the firm's new corporate-led strategy will inject growth into what has proved to be a fairly resilient and diversified business.
Posted at 03/5/2011 13:58 by hazl
Basic earnings per share showed a loss of 3.7p (2009: loss of 78.2p after adjusting for the share consolidation). Adjusted basic earnings per share for the year was 9.6p (2009: loss 26.9p),

some trades on plus I see
Posted at 07/1/2011 07:52 by outsider
Apparently Hardman & Co now covering GOI too:


Hardman & Co Monthly - December 2010

We have added two new companies to our coverage in The Monthly for December. These are GoIndustry DoveBid, a global provider of industrial asset management services, and William Sinclair, a leading seller of 'growing media' for the retail market. We believe that there is considerable upside potential for the shares of both companies.
Posted at 06/1/2011 08:27 by outsider
Just found this from WH Ireland.....will add to header





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.
Posted at 05/1/2011 00:15 by outsider
Hi Dibbs, Yes I think I remember your name reading the old thread.


I actively look for recovery stocks now, usually with new management (CEO or MD) and a lot of potential

I think GOI ticks those boxes and you say your looking for the green shoots, well the interims were the start for me & indeed they say "We anticipate continuing improvement in the Group's performance in the second half of 2010."


I think that will be double effect....not only a recovery in their market, but the effect on new management too.




Hazl, yes remember QXL ad the stellar shae price growth, just think if GOI get a decent amout of just Office furniture sales, they could make their mkt cap on profit of that alone, not just about cutting costs, but getting to be a 'household name' in the business world......then progress could be stellar & the CEO certainly has the track record to do it.



Another good sign is check the flag counter, how little this stock is known .....no one hardly visiting this thread......off many radars......usually a very good sign.
Posted at 05/1/2011 00:08 by dibbs
Outsider,

Nice to see a new thread and increasing interest in GOI. I've held GOI a couple of times over the years but not for a few years.

As usual making money in this game is all about holding the right stocks at the right time. If the new CEO can string together more than one set of good results then you could be in for a profitable ride. Certainly I shall continue to observe and would buy in again if further green shoots are seen. Lets hope GOI can finally deliver, the spread narrows and the NMS increases!

Dibbs
Posted at 04/1/2011 09:06 by outsider
WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH






!




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
Posted at 19/12/2010 15:22 by masurenguy
"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 !
Posted at 16/4/2010 07:15 by dealy
I read in the FT today that Lloyds have been selling all of their small caps due to a policy change. This comment was made in reference to Blnx whose shares rose yesterday after lloyds finally got out. They seem to have been responsible for the drop in the GOI share price from 2.5p in November to 0.7p now. They also seem to be more less gone now with their holdings having fallen from 8% to less than 1% in recent months.
Goindustry share price data is direct from the London Stock Exchange

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