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SC. Supercart

0.30
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Supercart LSE:SC. London Ordinary Share GB0034211036 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Supercart Plc Share Discussion Threads

Showing 626 to 648 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
16/8/2011
15:47
It's a nice thought, but don't go buying Supercart on the strength of it.
utterberk
24/7/2011
12:00
When are results due, anybody know. cheers
beeezzz
11/7/2011
16:25
Little bit of buying today, I would expect there is a lot of stock available thou.
beeezzz
30/6/2011
09:46
Directors' Shareholdings (now don't go mad and spend to much of your salaries)

Supercart Plc (the "Company") has been informed that Mr Mike Wolfe and Mr Stephen Wright, both directors of the Company, have today acquired ordinary shares in the Company.

Mr Wolfe purchased 30,000 ordinary shares at a price of 2.25 pence per share and a further 70,000 ordinary shares at a price of 2.375 pence per share. Following this purchase, Mr Wolfe holds 9,468,928 ordinary shares representing approximately 6.38 per cent. of the total voting rights of the Company.

Mr Wright purchased 50,000 ordinary shares at a price of 2.18 pence per share. Following this purchase, Mr. Wright holds 2,785,236 ordinary shares representing approximately 1.88 per cent. of the total voting rights of the Company.

beeezzz
29/6/2011
20:56
An order for nearly 50% of the value of the company is quite something.

I admit to being tempted to take a punt, based on an all or nothing outcome. Will watch for the moment though.

the drewster
29/6/2011
16:43
TD re #572 - I think that the balance is largely accounted for in cash and receivables - circa £3m - and £1m spent in acquiring the Rehrig assets from the administrator.

I see that they received an order this week worth circa £625K from an existing US customer, to ship in the next fiscal year."The order is from an existing major US customer, with stores across North America and throughout Europe. The order is worth over $1.0m and is for delivery in the third and fourth quarters of 2011. This order will be recognised in the next financial year and will have no impact on the current trading period for the eighteen months to 30 June 2011. The Company confirms that trading in the first five months of 2011 has been broadly in line with management forecasts and that the outlook for the remainder of 2011 and beyond remains encouraging."

Following this, something seems to have stirred in Sevenoaks, with two directors putting their hands into their pockets to spend just under £3,500 between them in order to buy 150,000 shares at an average price of just under 2.3p ! "Mr Wolfe purchased 30,000 ordinary shares at a price of 2.25 pence per share and a further 70,000 ordinary shares at a price of 2.375 pence per share. Mr Wright purchased 50,000 ordinary shares at a price of 2.18 pence per share."

masurenguy
07/6/2011
14:02
I had Romag. The blood has still to return to my face from that experience.
utterberk
02/6/2011
13:16
Masureguy - on the premise that cash can't lie, and that they have raised, cumulatively, 10.9m, the cumulative losses of 6.4m and market cap of a measly 1.2m leave room for what must have been (generalising quite a lot here) capital investment, which presumably has a resale value? Is there a high net asset value figure I am missing, otherwise where has the money all gone?

The company is a very good example of a fundamentally good idea not necessarily making for a sound business. I'm sure most of our portfolios have contained at least one such company at some point in the past (hopefully none in the present of course).

the drewster
23/5/2011
14:05
You only have to look at the rewards management have awarded themselves, and compare that to the sharehoder return over the same period.

That in itself might point you in the direction of whether or not it is the sort of company you would like to invest your hard earned cash in with any confidence.

the drewster
23/5/2011
13:36
Personally, I would not invest here - see my comments in post #561.
However everybody should do their own research and ultimately make their own judgement calls !

masurenguy
23/5/2011
13:26
Masurenguy, Is there any hope for this company IYO.
beeezzz
23/5/2011
13:07
Thanks, I new I was dreaming.
beeezzz
20/5/2011
18:24
They are not up - there was no trading at all in their shares today.
The MM has just narrowed the spread from 1.0p to 0.5p, hence the midprice has increased by 0.25p.

masurenguy
15/4/2011
19:15
Oh yeah. That's exactly what I meant.
utterberk
14/4/2011
11:29
News of more management excesses I guess you mean, at which point they will drift lower?

News of proper, profitable contracts, growing markets in europe, reduction in overheads (particularly director remuneration I say) and then perhaps there might be some hope for the shareholders.

the drewster
08/4/2011
17:36
This was always gonna be a tuppeny share, coz the institutions who copped a load of shares for tuppence, were simply gonna drizzle 'em back to the open market till the MMs were tired of handing them easy profit. This is where we'll sit until news, I reckon
utterberk
08/4/2011
16:37
Masurenguy : Thanks for that, it's good see the management are not having to suffer hardship due to there poor performance, unlike the shareholders, well financially, they certainly are very very poor at creating any money out of this business.

I just wonder how much longer they going to string us along, I take my hat of to them for convincing institutions and others to part with there money, I award them a gold star for that.

beeezzz
07/4/2011
16:47
LOL - the management here have raised £10.9m in various placings over the past 7 years and produced cumulative losses of £6.4m (never having made a profit in any year since the company listed on AIM in 2004 either). The market cap is now just £1.27m and they have also presided over a 96% decline in the share price during that period.

Following this outstanding performance, they have now surrendered 3.85m existing options, which were obviously well out of the money and probably considered to be well out of reach too, for 11.86m new options at 3p instead. This has diluted existing long suffering shareholders by a further 8% !
"the Company has granted options over 11,857,500 ordinary shares, representing approximately 7.98% of the current issued share capital."

Management are are making a good living working for this loss making company.
The Drewster - 1 Dec'10 - 512: From the 2008 report and accounts you can see the highest paid director recieved £312,000 ... up from a measly 212,000 in 2007. I would argue (as would many I would wager) that was slightly out of line with the rewards being received by shareholders

These new options also come on top of a one-off bouns of £240K paid to the CEO two years ago.
"During 2009 an exceptional one off bonus of £240,480 was paid to the CEO Mike Wolfe for his success in acquiring the Rehrig business out of administration. It is recorded that Mike Wolfe used this bonus to subscribe for 1,410,000 shares in Supercart at 10p. This is not a recurring bonus and any future bonus remains at the discretion of the remuneration committee.

Oops - the £141k of his £240K bonus that he invested in Supercart shares at that time is now worth only £28.2k two years later but I suppose that the 4m options that he got at 3p today gives him a shot at attempting to recover some of that loss over the next 10 to 13 years ! "The New Options, being issued as replacement for the Surrendered Options, are exercisable at a price of 3.0 pence per share. 3,852,500 New Options are exercisable at any time between 7 April 2011 and 7 April 2021 and the remaining 8,005,000 New Options are exercisable at any time between 7 April 2014 and 7 April 2024.

masurenguy
07/4/2011
15:34
More options today for doing diddly squat. Exercisable at 3p for petes sake.
batertribe
05/4/2011
11:43
In just about every half yearly or annual report you care to dig out, you see they have made a loss, but next half/year looks more promising!

Logically, it seems a very sensible business, but turning a good idea into a good business seems to have been well beyond the capabilities of this management team.

Cash raised since floatation Vs current market capitalisation must be a contender for the Guinness book of records?

the drewster
05/4/2011
10:38
245,100 shares @2.04p is only £5,000. It's less than 0.2% of the issued shares so don't get too excited!
masurenguy
05/4/2011
10:04
OK, who's buying over 250k shares then, what's up Doc, somebody know something, or just a gamble.
beeezzz
31/3/2011
15:56
Going to hell and back in a hand cart, I have zero hope of these getting out from this price.
beeezzz
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older

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