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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| IN Cup | ICU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.10 | 0.10 |
| Top Posts |
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Posted at 30/1/2010 19:01 by mjcrockett Yes, I have had that letter too. The new investor seems to be buying around half the company for £50,000! |
Posted at 28/9/2005 21:56 by siskinbird Sorry - Interims were today, not Thursday. No surprises as far as I can see, but I'd comment as follows:-- the statement about 25 machines per month in 2006 is a little disappointing given the original targets - I'd like to know more about the size of these "high profile" customers - I'm encouraged by the statement about their confidence in the business model. Any other views?? IN CUP PLUS PLC ('IN CUP PLUS') INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2005 Highlights: Significant progress made since admission to AIM in March 2005 Sales completed to high profile customers with prospects of multiple future orders Strengthened board through appointment of Kevin Mills as managing director of E Break Limited Careful management of costs Cash balances of £1.2m at 30 June 2005 Focus on converting the significant interest in machines into sales and to continue to generate new leads Martin Colenutt, Chairman of In Cup Plus PLC comments: 'The directors believe that the first half of 2005 has been a period of significant progress for In Cup Plus and its trading subsidiary E Break Limited. Whilst the sales position so far this year has been frustrating, the directors are encouraged by the progress of the group in many other areas and the market reception we have received. We are optimistic that good progress will be made in the final quarter of 2005 and look forward with confidence to the future.' CHAIRMAN'S STATEMENT The directors believe that the first half of 2005 has been a period of significant progress for In Cup Plus and its trading subsidiary E Break Limited. The admission of the shares of In Cup Plus to AIM and the associated fund raising in March was an essential step in the establishment of an infrastructure, which will support the operations of the group, until it becomes profitable. I am pleased to report that based on market reaction to date we have reason to be confident that the business model presented to investors in March will be successful. Our core machine, the In Cup Plus Xen-1550, is being manufactured to a very high standard. Sales (which represents machines installed in customers' premises) for the six months to June were 18 machines. Since June, we have sold 18 machines and as at 9th September had received orders for another 21 Xen machines. On 14 September, we announced that sales of machines for the first half had been lower than expected and that revenues for the year to December 2005 would be significantly below market expectations. As explained in that announcement, the principal reason for the underperformance is that it has taken more time than anticipated to build the sales force required. This is primarily due to difficulties in finding suitable candidates. The shortfall in machine sales has also impacted upon ingredient sales. The board acknowledges that the trading position is behind target but remains optimistic of the sales prospects for the future. The significant losses made in the first half year are due to slower than anticipated revenue generation. However, we have invested heavily in people, stock and infrastructure and great care is being taken to ensure that future spending directly relates to revenue generating activity. We do not expect the slow start in revenue generation to affect the company's medium to long term prospects or its ability to make progress in the immediate future. The key challenge for the remainder of 2005 and 2006 will be to convert the significant interest in our machine into sales and to continue to generate new leads. We are selling to high profile customers. Many of the customers to whom we have already sold machines offer the prospect of multiple future orders. We are selling into large organisations in the public and private sectors as well as smaller independent companies. The directors believe that we have now established a capable and motivated sales force and the most experienced members of the sales team are exceeding their personal monthly targets. The current sales force will target monthly sales of 25 machines during 2006 and the board will seek to grow selectively the sales force next year. The delay in building the sales force, whilst not welcome, has enabled management to focus on developing an appropriate operational and technical infrastructure to support the increasing momentum being enjoyed by our business. We are delivering consistently well-built machines, which are easily and quickly installed and have required minimal post-installation maintenance from the group. Ingredient logistics have been enhanced and customer satisfaction levels are very encouraging. Our forecasts for selling prices and ingredients consumption per machine are in line with previous expectations. Costs have been carefully managed and available cash balances at 30 June 2005 were £1.2m. On the basis of current projections the board is confident that the company has sufficient cash for its needs. At the beginning of September, we welcomed Kevin Mills as Managing Director of E Break Limited. Kevin brings a diverse range of skills and experience to the business. His recruitment will enable Barry Marks to make further technical developments to our machine offering, assist in key account development and explore opportunities for expanding into new geographical markets. Whilst the sales position so far this year has been frustrating, the directors are encouraged by the progress of the group in many other areas and the market reception we have received. We are optimistic that good progress will be made in the final quarter of 2005 and look forward with confidence to the future. M Colenutt Chairman |
Posted at 01/4/2005 15:31 by alter ego Siskinbird, Prior to admission to AIM, approximately 30.77m shares were placed at 6.5p each. When I spoke to the broker, they were looking for investors with at least £100k to participate. That equates to over 1.5m shares so anyone who took part in the placing and for whatever reason has decided to sell some shares has a large number at their disposal. This looks an interesting company to me. A novel version of a familiar product which appears technically superior and cheaper than the competition. It also ties in the operator to supplies of prepackaged ingredients which is where the long term revenue is to be found. I'm holding on to my small number of shares in the expectation that sales will blossom once they get the sales team in place. AE |
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