Supercart Plc Share Discussion Threads

[andrew james] 14/5/2009 06:27

Times online today



Just the beginning of some very good years to come

[glennborthwick] 13/5/2009 17:50

like this company.

[8trade] 13/5/2009 16:54

I think the price increase tells it's own story Andrew.

Not only was the price up over 100%, not one person sold any shares,
when do you see that in a stock that doubles, hit a brick wall at
10.5-12.5p, mm's seemed to find some stock from somewhere, up till
then it moved on every trade, bit deceptive that "109%" up aint it,
even the first person to buy is only around 40% up given the spread.

Still the potential looks good after that news.

[andrew james] 13/5/2009 16:16

Found this information at m and deals, posted yesterday before this annoucement and when you look at what they get with the aquistion then it looks as if there is still a lot more to come, as always DYOR



Carting counter goes cherry picking
Another counter to have struck a deal in the US is Supercart, the bombed-out designer and distributor of all-plastic shopping trolleys.

Disappointing from an investment point of view – its shares have fallen from a 2004 AIM issue price of 50p to a recent 5p – Supercart nevertheless is a pretty interesting business behind "revolutionary" all-plastic shopping trolleys that are easier to use, more hygienic and more durable than their metal counterparts. Fully recyclable, they have virtually no "wheel wobble" and will not jam.

In a deal fans say could prove a steal, the company has cherry picked assets from a failed venture, Rehrig, in a deal capped at US$1.45 million (£980,000) in cash.

Now, Rehrig was formerly one of the biggest plastic shopping trolley makers in the US, until it entered Chapter 7 liquidation last December. Acquired assets include the plastic trolley moulds of Rehrig's main eight models as well as certain stock, work in progress and the IP rights to certain Rehrig brands.

Supercart's 37.2 per cent shareholder Venture clearly spies value, having helped the company finance the deal and support its US expansion by way of a loan repayable over two years. Considering that sales for the brands acquired in 2007 were some $27 million, this deal could prove very significant with fair winds behind it.

Investors hope so, since Supercart's latest reported numbers, for the six months to June 2008, showed a widening of operating losses from £578,000 to £725,000.

Though turnover grew 26 per cent to more than £1 million, driven by strong growth in the South African market, the P&L incurred increased marketing and selling costs in North America and Europe in readiness for the launch of new products.

[andrew james] 13/5/2009 14:07

Check the RNS for November last year when they issued more equity, the share price at the time was 10p yet the investment company paid 20p per share, that was 5,000,000 shares totally £1,000,000 investment.

They must have known about these deals that were due so get in now while you can, DYOR

[andrew james] 13/5/2009 13:30

Supercart Trading Update





TIDMSC.

RNS Number : 1748S
Supercart PLC
13 May 2009

?
13 May 2009
Supercart plc
("Supercart" or the "Company")


Trading update




Supercart is pleased to announce that the Company has received its first
significant order from a major Western European grocery retailer. The customer
is one of Europe's top six* grocery retailers and is ranked in the top 15*
globally. The customer has also confirmed that it intends to place orders for a
number of further stores in 2009.



Commenting on the order, Mike Wolfe, Chief Executive stated "We are delighted to
announce this, our first important order to supply a major European retailer. We
have seen a significant level of interest from a number of supermarket groups in
recent months and Supercart is trialling its products with several companies in
the UK and in Europe. We will update shareholders with further details as soon
as possible."



* ranking by 2007 gross sales - (source: Planet Retail)




Enquiries:


Supercart plc 01732 459898
Mike Wolfe, Chief Executive
Stephen Wright, Finance Director


Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook / Carl Holmes





This information is provided by RNS
The company news service from the London Stock Exchange
END

NRAKGGMKGFMGLZM

[8trade] 13/5/2009 13:03

I suppose it's buyers beware, i got 5k, £400, not much but what
can you do, 2 mm's 2p spread and 5k nms, buy more or sell more
than 5k and it's lap of the gods, again it's a shame as that rns
looks really good especially the expression of interest from other
supermarkets, if one orders then others usually follow, reasonable
chance of a good return even on a tiny outlay as market cap is very
small but again keep your bets small if you are interested, spread
and illiquidity are definately against you.

[8trade] 13/5/2009 12:14

What a shame there's only 2 mm's quoting a silly spread and just 5000
shares otherwise this would have been a great buy on that update.

Maybe it will attract more mm's as it certainly needs them !

[fo77y] 20/3/2009 14:09

They seem pretty positive in the acquisition news, allows them to add more products to the crucial american market. However, i wouldn't be able to hazard a guess as to how sales have gone this year. They were a ittle dissappointed in the May'08 results regards the delays, but seem confident with the 6 trolleys available across 4 continents.

I had some of these a couple of years ago, but sold on the sudden increase in april 2007, for a tidy profit, am tempted at this level to get back in, but something is putting me off, can't quite put my finger on why though!!!

Any ideas anyone, on 2008 performance? Comments etc

[jackandflash] 31/1/2009 12:15

That will be a no then.

[jackandflash] 25/1/2009 13:06

Anyone know were this company is going?.

[run12] 01/5/2008 13:47

Production seems a little on the slow side

"it enters 2008 with six trolleys across four continents"

I've been watching this now for some 2 years and I'm starting to think this will always be a jam tomorrow company. That transforming deal is always round the next corner.
Possibly end up like TRK or PDX - promises much but never quite seems to deliver. Pity - so much potential.

good luck to all holders.

[rbcrbc] 01/5/2008 09:34

Looks as if next year could be good.

Ah well, bottom drawer for these for another 12 months....

[smiler 0] 01/5/2008 08:09

Supercart PLC
01 May 2008

1 May 2008

Supercart plc
('Supercart' or the 'Company')

Preliminary results for the 12 months to 31 December 2007


Chairman's statement

I am pleased to present our results for 2007, which has been a year of some
disappointment but also one of solid progress.

In South Africa pre tax profits, prior to intra group adjustments, showed an
increase of approximately 10% over 2006.

In North America, we had modest successes in sales of our Classic trolley but
were hampered by delays in the completion of our new Max 200 trolley. As
reported in the Company's statement on 22 November 2007, the anticipated sales
from the new trolley have effectively been pushed forward into 2008.

In Europe a number of our 225 litre Hyper trolleys were delivered for test
purposes to a selection of French retailers just prior to the end of 2007. These
tests are still active and continue. We will have our first UK retailer test of
the 135 litre Nexus trolley in the second quarter of 2008.

Our Australian trolley mould was completed in 2007 and we have been trialling
this product in a retail environment.

Although our performance during 2007 did not match our expectations, we enter
2008 with the availability of six trolleys across four continents compared with
two trolleys on two continents this time last year.

Results

The Company's accounts have been prepared in accordance with IFRS for the first
time. This has resulted in certain adjustments to the 2006 results which are
restated on a consistent basis.

For the year ended 31 December 2007, Supercart generated turnover of £3,342,000
(2006 - £2,893,000) an increase of 15.5%. Margin retention improved by nearly 1%
to 19.2% (2006: 18.4%)

Operating expenses increased by 7.5% during the period. The loss after tax is
£929,000 (2006 (restated): £914,000). The loss per shares is 2.59p (2006
(restated) loss of 4.20p).

Following the Placing of new shares in December 2007 which raised net proceeds
of £1.56 million, Supercart had net cash balances of £1.75 million (2006: £1.15
million) at the year end.

The Directors are not recommending the payment of a dividend in respect of the
year ended 31 December 2007.

South Africa

We had a satisfactory year in this market, with a small increase in turnover and
profits, despite a negative impact in the important fourth quarter of production
delays resulting from industrial action at our Durban manufacturer.

In October we launched a new trolley, the 135 litre 'Nexus'. We successfully
concluded our retailer trials of this trolley and had our first sale prior to
the end of 2007. Sales are continuing in the current year.

The success of our recycled trolley project continues with like for like unit
sales increases of 6% in 2007 along with strong retailer written references
which have helped us in our European sales activity.

Our 30 litre hand basket continued its early success with a year on year
doubling of unit sales achieved. As with the 'Nexus' trolley, we look to
replicate this success in the European market with this product.

North America

The Company's new Max 200 trolley was originally due to be launched in June
2007. However, unforeseen delays in finalising the moulds for production meant
that the launch date slipped and we therefore missed the significant sales
opportunities in the key fourth quarter, traditionally our busiest period.
Without the originally planned introduction of this trolley into North America
in 2007, our losses in the USA continued at close to 2006 levels.

We had a very successful series of presentations at the 'Storepoint' retail
convention in Texas during January 2008. A gratifying level of interest was
shown in the Max 200 by several major retailers from across the USA.

The Max 200 trolley is now ready for delivery and live retailer trials are
starting with a major nationwide retailer. In addition, we are in the process of
delivering sample trolleys to a further 18 retailers. Accordingly, we are
looking for some important sales during the course of the year.

Europe

We made the first sales of our 225 litre trolley in late 2007 which is now
testing with a major retail group in France and Portugal. In addition, we have
recently opened a sales office in Germany and have appointed a distributor for
Spain.

In the UK we have received our first trial order from a high street retail chain
who are testing the 'Nexus' 135 in the second quarter of 2008.

We are hopeful that 2008 will see some significant sales in the European
markets.

Australia

Our 185 litre trolley has been undergoing retailer trials in the first quarter
of 2008 with good customer response.

Product Development

We have just started the production of a new mould for our next trolley which,
like the 'Nexus', will be for the South African and European markets. We are
aiming to have this product available before the end of this year.

Additionally, we are advanced in our designs for another new trolley for North
America which will complement our current offering in this market.

Outlook

As mentioned earlier, we are now in a position to offer six different trolleys
in various markets.

We anticipate capitalising on the level of interest shown in the Max 200 by
major retailers in the USA. Prospects for the new Nexus 135 and the 225 litre
Hyper trolleys in the European markets are also encouraging. We also look for
South Africa to again show sales growth over 2007.

Historically, our sales have tended to be stronger during the fourth quarter.
The Board believes that further progress will be achieved through 2008.

Victor Segal
Chairman


Consolidated income statement for the year ended 31 December

[rbcrbc] 14/4/2008 11:51

Results MUST be out soon.
Anyone know when ?

This could fly high after the statement in the interims "Large North American national retail chain order now received"

If we are lucky they will have made delivery and received payment !!

[unionhall] 20/2/2008 11:32

Header last updated : Mar 04, 2008

Capital Structure
Issued Shares
o/s Options
o/s Warrants
Convertable Loans



Funding

Production/Reserves/Assets

Timing/Next News

Pricing

Links


Associated Companies

[amla] 29/1/2008 21:27

I'm nursing heavy losses in GKR.
The market seems totally disinterested in anything to do with supermarket carts.
This is very shortsighted IMO
LOL to you holders,

[rbcrbc] 29/1/2008 21:22

I have made a fortune since I started doing the opposite of what IC suggests, which I why still subscribe !

[l.parker] 29/1/2008 14:12

Oh I forgot to mention,I allso lost a great deal of money buying shares
in Supercart,but that was my own stupid fault, pulled out Jan 07,still
licking my wounds. Keep taking the pill.

[l.parker] 29/1/2008 14:05

5/6 years years ago I used to subscribe IC .,they lost me £1000's following
their tips, they are bloody useless. they stil keep asking me to subscribe ,I'd
rather subscribe to Gordon Browns pension fund!! Do not take any advice from them.

[mattaltass] 14/1/2008 10:12

Good article in IC last week, rating this as one of the best AIM shares. We should see profits this year.

[space cowboy] 29/12/2007 00:37

Inaccurate analysis

[cyclingcat] 28/12/2007 19:12

Hi SC,

What is your reasoning behind the trade?

[space cowboy] 27/12/2007 13:18

Contemplating another position in buying sterling with dollars.

[space cowboy] 20/12/2007 11:25

Hi Cyclingcat - Apologies for not coming back that night. I struggled with internet connection at the hotel and was literally monitoring the markets through the FT, and this week back on the net. I'll still update that post in retrospect to explain my train of thought.

I've just very second just logged in to mention the fact that I closed @ 1.9902

Big loss of nearly 6 cents. On a 5% risk factor, no doubt any investor of $100 will have been wiped out, but a 3 cent stop loss would have left over $40. However, my stop losses are usually quite liberal. Now, I didn't even hedge this trade as I didn't expect the volatility to emerge so early.

Firstly, the fact that I made a loss here is I believe I modelled this out incorrectly, not expecting the UK market to transpire in being so weak. In retrospect I should have figured the dire situation would have caught up quicker in the UK. However, I think everyone can see that this particular instance was the first time it broke the bottom. In over 1 year it has never come to these (relative) values. I also didn't expect USA inflation to emerge so early. I'd have expected this post-xmas sales etc. So, these are a few of the factors which led to the loss.

I still believe that the dollar is exceptionally weak, but I now have more concern for the sterling. My focus is now moving back to the EUR and JPY. I am also on the side looking at an african nation currency to buy through my bank - but i'll update on this some other time.

I'll update both these posts over the course of the weekend, and also add a html table to record the profit/loss.

Thanks for reading.

SC