www.goindustry.com/de/salelistclosed.asp
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Da ist wieder enomres Leben in der Bude
Beiträge:
28
Zugriffe: 2.761 / Heute: 1
Zugriffe: 2.761 / Heute: 1
und zu den 30% bis 50% Kursgewinnen seit meinen ersten Empfehlungen noch einen draufsetzen. Denn GoIndustry ist im Vergleich mit anderen entsprechenden Internetwert gigantisch unbewertet - mit etwas mehr als dem Jahresumsatz. Vergleichbare Unternehmen werden mit dem Fünf- bis Zehnfachen ihrer Jahresumsätze bewertet. Wenn sich z.B. die Entwicklung des ersten Halbjahres 2006 im zweiten Halbjahr fortgesetzt hat, werden die Kurse kein Halten kennen - auch wenn das gegen den Willen des Managements ist, das die Papiere selbst einsammelt.
Aber warum sollen die allein die Kohle machen und wir nicht auch?
Regulatory Announcement
Go to market news section
Company GoIndustry PLC
TIDM GOI
Headline Interim Results
Released 07:00 18-Sep-06
Number 0626J
GoIndustry plc / Market: AIM / Epic: GOI
18 September 2006
GoIndustry plc (‘GoIndustry’ or ‘the Group’)
Interim Results
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, announces its results for the six months ended 30 June 2006.
Highlights
· More than 50% of auctions conducted Online for the first time
· Turnover up 29% to £16.1 million (2005: £12.5 million)
· Gross margins up by 1% to 59%
· Operating profit before interest recorded for the first time in the Group’s history at £0.2 million (2005: loss of £1.5 million)
· Loss before taxation reduced by £1.6 million to £0.2 million
· Net assets up 59% to £20.5 million (2005: £12.9 million)
· Positive net current assets recorded for the first time since 2001 at £3.2 million (2005: net current liabilities £1.6 million)
Commenting on the results, GoIndustry CEO John Allbrook said: “The Group has made excellent progress since its admission to AIM in January, as reflected in these results, which show an inaugural operating profit and robust revenue growth. GoIndustry is well placed to benefit from the vast opportunities in the global industrial machinery and equipment market through the increasing use of Online auctions. I believe that following an extensive restructuring period we are beginning to turn the corner and that the Group will continue to strengthen its position both financially and operationally.”
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Group combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.
CHIEF EXECUTIVE’S REVIEW
I am pleased to report the results for the first six months of 2006, which show a strong operating performance that has resulted in the Group posting its first ever Operating Profit (before interest) since it was founded in 1999.
Revenues improved by 29% in comparison with the first half of 2005, and growth was witnessed in each of the Group’s four geographic business units (UK, Continental Europe, North America and Asia). Improved revenue performance was matched by an increase in Gross Margins and the Group is now starting to yield the benefits of its key strategic actions taken over the last eighteen months:
· Sales alignment with the most significant and profitable opportunities
· Increased Online auction penetration
· Expanding the global buyer database
· Improving operating margins
In the first half of 2006 the Group held 387 sales events, generating more than £48 million of Gross Asset Sales. Online penetration exceeded 50% of the number of sales events conducted for the first time in the Group’s history and these Online auctions generated £19.1 million (39% share) of Gross Asset Sales. In addition, the average Online auction realisation was £94,000 for the first six months of 2006, a 106% increase when compared to the same period in 2005. These improvements indicate how strongly the Group has driven the adoption of its Online auction methodology, and how warmly our customers have received it.
The Group continues to take advantage of the accelerating trend of the movement of industrial manufacturing from North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts attract a global audience to all our sales events and the Group enjoys an enviable reputation for conducting auctions in a fair and ethical manner.
All four Business Units reported strong revenue growth compared to the same period in 2005 and each was profitable on an operating basis before interest expense and corporate allocations:
· United Kingdom – revenues up 32%
· Continental Europe – revenues up 24%
· North America – revenues up 24%
· Asia – revenues up 59%
Our Balance Sheet shows positive net current assets, which it has not done since before the acquisitions that were made in 2001.
Key Developments in 2006
Highlights for the first six months of 2006 included:
· 5th January – GoIndustry plc lists on AIM via the reverse takeover of Grasshopper Investments plc
· 9th May - £5 million raised for working capital purposes via placing 12 million new Ordinary shares and a convertible, redeemable debt instrument
· 22nd May – Rollout of new internal Customer Relationship Management system commences
· 1st June – Dana Corporation signs long term global agreement for the provision of asset management services
· 15th June – First major auction conducted in Kolkata, India realises more than £200,000 of gross profit
With a solid business pipeline, a strengthened Balance Sheet and sufficient working capital, our Group is well positioned for the second half of 2006 and beyond.
John Allbrook
Chief Executive Officer
Aber warum sollen die allein die Kohle machen und wir nicht auch?
Regulatory Announcement
Go to market news section
Company GoIndustry PLC
TIDM GOI
Headline Interim Results
Released 07:00 18-Sep-06
Number 0626J
GoIndustry plc / Market: AIM / Epic: GOI
18 September 2006
GoIndustry plc (‘GoIndustry’ or ‘the Group’)
Interim Results
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, announces its results for the six months ended 30 June 2006.
Highlights
· More than 50% of auctions conducted Online for the first time
· Turnover up 29% to £16.1 million (2005: £12.5 million)
· Gross margins up by 1% to 59%
· Operating profit before interest recorded for the first time in the Group’s history at £0.2 million (2005: loss of £1.5 million)
· Loss before taxation reduced by £1.6 million to £0.2 million
· Net assets up 59% to £20.5 million (2005: £12.9 million)
· Positive net current assets recorded for the first time since 2001 at £3.2 million (2005: net current liabilities £1.6 million)
Commenting on the results, GoIndustry CEO John Allbrook said: “The Group has made excellent progress since its admission to AIM in January, as reflected in these results, which show an inaugural operating profit and robust revenue growth. GoIndustry is well placed to benefit from the vast opportunities in the global industrial machinery and equipment market through the increasing use of Online auctions. I believe that following an extensive restructuring period we are beginning to turn the corner and that the Group will continue to strengthen its position both financially and operationally.”
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Group combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.
CHIEF EXECUTIVE’S REVIEW
I am pleased to report the results for the first six months of 2006, which show a strong operating performance that has resulted in the Group posting its first ever Operating Profit (before interest) since it was founded in 1999.
Revenues improved by 29% in comparison with the first half of 2005, and growth was witnessed in each of the Group’s four geographic business units (UK, Continental Europe, North America and Asia). Improved revenue performance was matched by an increase in Gross Margins and the Group is now starting to yield the benefits of its key strategic actions taken over the last eighteen months:
· Sales alignment with the most significant and profitable opportunities
· Increased Online auction penetration
· Expanding the global buyer database
· Improving operating margins
In the first half of 2006 the Group held 387 sales events, generating more than £48 million of Gross Asset Sales. Online penetration exceeded 50% of the number of sales events conducted for the first time in the Group’s history and these Online auctions generated £19.1 million (39% share) of Gross Asset Sales. In addition, the average Online auction realisation was £94,000 for the first six months of 2006, a 106% increase when compared to the same period in 2005. These improvements indicate how strongly the Group has driven the adoption of its Online auction methodology, and how warmly our customers have received it.
The Group continues to take advantage of the accelerating trend of the movement of industrial manufacturing from North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts attract a global audience to all our sales events and the Group enjoys an enviable reputation for conducting auctions in a fair and ethical manner.
All four Business Units reported strong revenue growth compared to the same period in 2005 and each was profitable on an operating basis before interest expense and corporate allocations:
· United Kingdom – revenues up 32%
· Continental Europe – revenues up 24%
· North America – revenues up 24%
· Asia – revenues up 59%
Our Balance Sheet shows positive net current assets, which it has not done since before the acquisitions that were made in 2001.
Key Developments in 2006
Highlights for the first six months of 2006 included:
· 5th January – GoIndustry plc lists on AIM via the reverse takeover of Grasshopper Investments plc
· 9th May - £5 million raised for working capital purposes via placing 12 million new Ordinary shares and a convertible, redeemable debt instrument
· 22nd May – Rollout of new internal Customer Relationship Management system commences
· 1st June – Dana Corporation signs long term global agreement for the provision of asset management services
· 15th June – First major auction conducted in Kolkata, India realises more than £200,000 of gross profit
With a solid business pipeline, a strengthened Balance Sheet and sufficient working capital, our Group is well positioned for the second half of 2006 and beyond.
John Allbrook
Chief Executive Officer
www.goindustry.com/us/about/clientsalelist.asp
Klickt ruhig einmal Branche für Branche am linken Rand durch. Und dann überlegt einmal, ob dieses Unternehmen, das knapp 50 Millionen umsetzt mit 50 Millionen richtig bewertet ist. Das Betriebsergebnis ist positiv und im zweiten Halbjahr dürfte man auch beim Gewinn im Plus sein, nachdem man im ersten Halbjahr 2006 ziemlich exakt an der Gewinnschwelle war.
Vergleicht das einmal mit den hohen Bewertungen einer ganze Reihe deutscher Internetklitschen, wo die Umsätze zehnmal so hoch bewertet werden wie bei GoIndustrie, obwohl die Umsatzqualität schlechter ist.
Klickt ruhig einmal Branche für Branche am linken Rand durch. Und dann überlegt einmal, ob dieses Unternehmen, das knapp 50 Millionen umsetzt mit 50 Millionen richtig bewertet ist. Das Betriebsergebnis ist positiv und im zweiten Halbjahr dürfte man auch beim Gewinn im Plus sein, nachdem man im ersten Halbjahr 2006 ziemlich exakt an der Gewinnschwelle war.
Vergleicht das einmal mit den hohen Bewertungen einer ganze Reihe deutscher Internetklitschen, wo die Umsätze zehnmal so hoch bewertet werden wie bei GoIndustrie, obwohl die Umsatzqualität schlechter ist.
www.goindustry.com/de/salelistclosed.asp
www.goindustry.com/en/about/references.asp
und anderen Börsenboards von einer kriminellen Mafia geputscht werden und nach einem Stand von fast 5 Euro jetzt wieder über 2 Euro liegen, was von den Manipulateuren abgefeiert wird, um dem Dummvolk das Scheissteil nach bei 5 Euro jetz auch noch einmal bei 2 Euro unterzujubeln.
Beides sind Versteigerer, GoIndustry ein etablierter mit ca. 60 Millionen Umsatz und einer Börsenbewertung von 60 Millionen, einem positiven Betriebsergebnis und an der Gewinnschwelle im ersten Halbjahr 2006 und mit großer Wahrscheinlichkeit in der Gewinnzone im zweiten Halbjahr.
Abácho wird 2006 vieleicht 4 Millionen Umsatz erreichen, das Ebitda und der Gewinn werden negativ sein - und trotzdem ist das Scheissteil mit 30 Millionen bewertet - also in etwa siebenmal so hoch wie GoIndustry. Dass da etwas faul ist, ist offensichtlich. Selbst wenn sich GoIndustry verdoppelt und Abacho halbiert, ist GoIndustry noch immer unterbewertet.
Beides sind Versteigerer, GoIndustry ein etablierter mit ca. 60 Millionen Umsatz und einer Börsenbewertung von 60 Millionen, einem positiven Betriebsergebnis und an der Gewinnschwelle im ersten Halbjahr 2006 und mit großer Wahrscheinlichkeit in der Gewinnzone im zweiten Halbjahr.
Abácho wird 2006 vieleicht 4 Millionen Umsatz erreichen, das Ebitda und der Gewinn werden negativ sein - und trotzdem ist das Scheissteil mit 30 Millionen bewertet - also in etwa siebenmal so hoch wie GoIndustry. Dass da etwas faul ist, ist offensichtlich. Selbst wenn sich GoIndustry verdoppelt und Abacho halbiert, ist GoIndustry noch immer unterbewertet.
dessen Geschäftsmodell funktionert (50% konventionell, 50% Internet) und bei dem - unglaublich billig - die Provisionserlöse der Marktkapitalisierung entsprechen. Und dazu kommt, dass sie nach dem Fast-Erreichen der Gewinnschwelle im ersten Halbjahr 2006 im zweiten Halbjahr in der Gewinnzone angekommen sein dürften.
Und das ist keine Pippifirma mit 4 Millionen Jahresumsätzen wie die im vorigen Posting zitierte Abacho, sondern ein Unternehmen mit um die 50 Millionen Provisionserlösen.
Und das ist keine Pippifirma mit 4 Millionen Jahresumsätzen wie die im vorigen Posting zitierte Abacho, sondern ein Unternehmen mit um die 50 Millionen Provisionserlösen.
aus dem ersten Halbjahr auch im zweiten Halbjahr so fortsetzt. Denn das Kurs-Umsatz-Verhältnis liegt kaum höher als 1 - für einen Wert dieser Branche sensationell niedrig:
GoIndustry plc / Market: AIM / Epic: GOI
18 September 2006
GoIndustry plc (‘GoIndustry’ or ‘the Group’)
Interim Results
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, announces its results for the six months ended 30 June 2006.
Highlights
· More than 50% of auctions conducted Online for the first time
· Turnover up 29% to £16.1 million (2005: £12.5 million)
· Gross margins up by 1% to 59%
· Operating profit before interest recorded for the first time in the Group’s history at £0.2 million (2005: loss of £1.5 million)
· Loss before taxation reduced by £1.6 million to £0.2 million
· Net assets up 59% to £20.5 million (2005: £12.9 million)
· Positive net current assets recorded for the first time since 2001 at £3.2 million (2005: net current liabilities £1.6 million)
Commenting on the results, GoIndustry CEO John Allbrook said: “The Group has made excellent progress since its admission to AIM in January, as reflected in these results, which show an inaugural operating profit and robust revenue growth. GoIndustry is well placed to benefit from the vast opportunities in the global industrial machinery and equipment market through the increasing use of Online auctions. I believe that following an extensive restructuring period we are beginning to turn the corner and that the Group will continue to strengthen its position both financially and operationally.”
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Group combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.
CHIEF EXECUTIVE’S REVIEW
I am pleased to report the results for the first six months of 2006, which show a strong operating performance that has resulted in the Group posting its first ever Operating Profit (before interest) since it was founded in 1999.
Revenues improved by 29% in comparison with the first half of 2005, and growth was witnessed in each of the Group’s four geographic business units (UK, Continental Europe, North America and Asia). Improved revenue performance was matched by an increase in Gross Margins and the Group is now starting to yield the benefits of its key strategic actions taken over the last eighteen months:
· Sales alignment with the most significant and profitable opportunities
· Increased Online auction penetration
· Expanding the global buyer database
· Improving operating margins
In the first half of 2006 the Group held 387 sales events, generating more than £48 million of Gross Asset Sales. Online penetration exceeded 50% of the number of sales events conducted for the first time in the Group’s history and these Online auctions generated £19.1 million (39% share) of Gross Asset Sales. In addition, the average Online auction realisation was £94,000 for the first six months of 2006, a 106% increase when compared to the same period in 2005. These improvements indicate how strongly the Group has driven the adoption of its Online auction methodology, and how warmly our customers have received it.
The Group continues to take advantage of the accelerating trend of the movement of industrial manufacturing from North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts attract a global audience to all our sales events and the Group enjoys an enviable reputation for conducting auctions in a fair and ethical manner.
All four Business Units reported strong revenue growth compared to the same period in 2005 and each was profitable on an operating basis before interest expense and corporate allocations:
· United Kingdom – revenues up 32%
· Continental Europe – revenues up 24%
· North America – revenues up 24%
· Asia – revenues up 59%
Our Balance Sheet shows positive net current assets, which it has not done since before the acquisitions that were made in 2001.
Key Developments in 2006
Highlights for the first six months of 2006 included:
· 5th January – GoIndustry plc lists on AIM via the reverse takeover of Grasshopper Investments plc
· 9th May - £5 million raised for working capital purposes via placing 12 million new Ordinary shares and a convertible, redeemable debt instrument
· 22nd May – Rollout of new internal Customer Relationship Management system commences
· 1st June – Dana Corporation signs long term global agreement for the provision of asset management services
· 15th June – First major auction conducted in Kolkata, India realises more than £200,000 of gross profit
With a solid business pipeline, a strengthened Balance Sheet and sufficient working capital, our Group is well positioned for the second half of 2006 and beyond.
John Allbrook
Chief Executive Officer
Consolidated Income Statement
for the half year ended 30 June 2006
In thousands of pounds sterling
Notes
Half year ended
30 June 2006
(unaudited)
Half year ended
30 June 2005
(unaudited)
Period ended
5 January 2006
(audited)
Revenue
2
16,191
12,509
30,540
Cost of sales
(6,689)
(5,293)
(14,622)
Gross profit
9,502
7,216
15,918
Administrative expenses
(9,168)
(8,520)
(15,795)
Share based payments
(171)
(157)
(503)
Exceptional items
-
-
(4,030)
Total administrative expenses
(9,339)
(8,677)
(20,328)
Profit/(loss) from operating activities
163
(1,461)
(4,410)
Net finance costs
(389)
(377)
(980)
Exceptional items
-
-
(1,892)
Total net finance costs
(389)
(377)
(2,872)
Loss before income tax
(226)
(1,838)
(7,282)
Income tax expense
(10)
(10)
(127)
Loss for the period
(236)
(1,848)
(7,409)
Attributable to:
Equity holders of the Group
(415)
(1,848)
(7,425)
Minority interest
179
-
16
(236)
(1,848)
(7,409)
Loss per share attributable to equity holders of the Group
Basic
3
(0.2p)
(1.6p)
(6.9p)
Fully diluted
3
(0.2p)
(1.6p)
(6.9p)
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Balance Sheet
as at 30 June 2006
In thousands of pounds sterling
Notes
As at
30 June 2006
(unaudited)
As at
30 June 2005
(unaudited)
As at
31 December 2005
(audited)
Non-current assets
Intangible assets
24,859
22,156
24,861
Property, plant and equipment
980
1,075
992
Total non-current assets
25,839
23,231
25,853
Current assets
Inventories
3,524
4,358
2,399
Accounts receivable
8,077
9,427
6,090
Cash and cash equivalents
5,985
3,713
5,164
Total current assets
17,586
17,498
13,653
Total assets
43,425
40,729
39,506
Current liabilities
Accounts payable
8,114
12,261
8,042
Current tax liabilities
-
70
109
Provisions
731
447
731
Bank loans and overdrafts
5,528
6,360
6,256
Total current liabilities
14,373
19,138
15,138
Non-current liabilities
Loans and borrowings
130
212
290
Provision for pension liabilities
5,436
5,053
5,324
Convertible Ioan notes
4
2,990
3,297
-
Other non-current payables
-
97
-
Total non-current liabilities
8,556
8,659
5,614
Total liabilities
22,929
27,797
20,752
Net assets
20,496
12,932
18,754
Capital and reserves
Called-up equity share capital
5
9,957
7,014
9,357
Share premium
5
4,311
157
2,717
Shares to be issued
3,951
2,844
3,951
Treasury shares
(315)
-
(372)
Acquisition reserve
44,871
39,025
44,871
Foreign currency translation
(364)
(8)
(79)
Accumulated losses
(42,228)
(36,223)
(41,813)
Equity shareholders’ funds
20,183
12,809
18,632
Minority interests
313
123
122
Total equity
20,496
12,932
18,754
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Statement of Cash Flows
for the half year ended 30 June 2006
In thousands of pounds sterling
Half year ended
30 June 2006
Half year
ended
30 June 2005
Period ended
5 January 2006
Cash flows from operating activities
Loss before income tax
(226)
(1,838)
(7,282)
Depreciation and amortisation
142
185
354
Net interest expense
389
377
980
Share based payments
171
157
503
Write down of inventory
-
-
2,766
Bad debt provision
-
-
541
Actuarial losses on defined benefit scheme
-
-
457
Premium on loan note conversion
-
-
1,891
Cash inflow /(outflow) before working capital changes
476
(1,119)
212
Increase in inventories
(1,125)
(1,863)
(2,681)
Increase in accounts receivable
(2,006)
(3,365)
(572)
Increase/(decrease) in accounts payable
71
2,304
(201)
Decrease in provisions
-
(149)
(123)
Cash used in operations
(2,584)
(4,192)
(3,365)
Interest paid
(509)
(430)
(1,096)
Income and corporation taxes paid
(134)
(10)
(5)
Interest received
120
53
115
Net cash used in operating activities
(3,107)
(4,579)
(4,351)
Cash flow from investing activities
Purchase of property, plant and equipment
(12)
(149)
(216)
Proceeds from disposals of property, plant and equipment
-
6
-
Purchase of intangible assets
-
(5)
(18)
Net cash used in investing activities
(12)
(148)
(234)
Cash flow from financing activities
Proceeds from issue of share capital
2,100
-
1,729
Proceeds from loan notes
2,990
-
2,642
(Decrease)/ increase in bank loans and overdrafts
(728)
3,399
3,285
Repayment of loans and borrowings
(158)
3,083
(88)
Net cash from financing activities
4,204
6,482
7,568
Net increase in cash and cash equivalents
1,085
1,755
2,983
Cash and cash equivalents at beginning of period / year
5,164
2,200
2,175
Foreign exchange differences
(264)
(242)
6
Cash and cash equivalents at end of period / year
5,985
3,713
5,164
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Statement of Changes in Equity
for the half year ended 30 June 2006
In thousands of
pounds sterling
Issued share capital
Share premium
Shares to be issued
Acquisition reserve
Treasury shares
Foreign currency translation
Accumulated losses
Equity shareholders’ funds
Equity as at
5 January 2006
9,357
2,717
3,951
44,871
(372)
(79)
(41,813)
18,632
Exchange difference on foreign currency translation
-
-
-
-
-
(285)
-
(285)
Loss for period
-
-
-
-
-
-
(415)
(415)
Share based payments
-
114
-
-
57
-
-
171
Shares issued
600
1,500
-
-
-
-
-
2,100
Cost of issuing shares
-
(20)
-
-
-
-
-
(20)
At 30 June 2006
9,957
4,311
3,951
44,871
(315)
(364)
(42,228)
20,183
Consolidated Statement of Changes in Equity
for the period ended 5 January 2006
In thousands of
pounds sterling
Issued share capital
Share premium
Shares to be issued
Acquisition reserve
Treasury shares
Foreign currency translation
Accumulated losses
Equity shareholders’ funds
Equity as at
1 January 2005
5,128
1,428
2,845
38.909
-
(85)
(34,388)
13,837
Exchange difference on foreign currency translation
-
-
-
-
-
6
-
6
Loss for period
-
-
-
-
-
-
(7,425)
(7,425)
Shares issued
2,713
1,289
-
1,289
(372)
-
-
4,919
Shares to be issued
-
-
1,106
-
-
-
-
1,106
Shares issued for acquisition
1,516
-
-
4,673
-
-
-
6,189
At 5 January 2006
9,357
2,717
3,951
44,871
(372)
(79)
(41,813)
18,632
The accompanying notes form an integral part of these consolidated financial statements.
Notes to the Financial Statements
for the half year ended 30 June 2006
1. Basis of preparation
GoIndustry plc (“the Company”) is a public limited company incorporated in England under the Companies Act 1985. The financial information in this Interim Financial Report consolidates the Company and its subsidiaries (together referred to as “the Group”). The Group’s consolidated financial statements for the period ended 5 January 2006 are included in the Group’s 2005 Annual Report and Accounts available on the Group’s website www.goindustry.com.
The unaudited consolidated interim financial statements for the six months to 30 June 2006 and 30 June 2005 do not constitute statutory accounts. The financial information for the period ended 5 January 2006 does not constitute statutory accounts for the purposes of s240 of the Companies Act 1985. The statutory accounts for the period ended 5 January 2006 have been delivered to the Registrar of Companies and received an unqualified auditor’s report and did not contain a statement under s237(2) or (3) of the Companies Act 1985. The interim financial statements are unaudited and have not been reviewed by the auditors.
The information in this document does not include all of the disclosures required by IFRS in full annual financial statements, and it should be read in conjunction with the consolidated financial statements of the Group for the period ended 5 January 2006. This interim financial information has been prepared applying the accounting policies and presentation that were applied in the preparation of the Group’s published 2005 Annual Report and Accounts. As indicated in the 2005 Annual Report and Accounts, the interim financial statements have now been prepared using sterling as the functional currency. Previously reported figures in Euros have been converted into sterling in accordance with IAS21 “The Effects of Changes in Foreign Exchange Rates”.
2. Segment information
Primary reporting format – Geographic segments
In thousands of pounds sterling
Revenue
Loss before income tax
Half year ended
30 June 2006
Half year ended
30 June 2005
Period ended
5 January 2006
Half year ended
30 June 2006
Half year ended
30 June 2005
Period ended
5 January 2006
UK
6,878
5,207
15,021
274
108
(1,716)
Continental Europe
3,899
3,145
6,869
(273)
(388)
(2,997)
North America
4,220
3,406
6,691
(489)
(1361)
(2,843)
Asia
1,194
751
1,959
262
(40)
274
Group
16,191
12,509
30,540
(226)
(1,681)
(7,282)
3. Loss per Share
The loss per share is calculated on loss of £0.4 million (2005: £1.7 million) and on 190,363,803 shares (2005: 105,037,114 shares) being the weighted average number of shares in issue during the period. Loss per share for the period ended 5th January 2006 is calculated on a loss of £7.4 million and on 107,694,936 shares, being the weighted average number of shares in issue during that year.
4. Convertible loan note
On 9 May 2006, the Company issued £2,990,000 in redeemable, convertible loan notes. The loan notes mature on 5 May 2009 and bear interest at 8% per annum, payable quarterly in arrears. They may be redeemed by the Company at par at any time after 5 May 2008. They may also be converted into 5p Ordinary shares at a conversion price of 21p per share. The convertible loan notes shown as at 30 June 2005 were converted into equity of GoIndustry AG prior to the reverse takeover of Grasshopper Investments plc, as disclosed in note 22 of the 2005 Annual Report and Accounts.
5. Share capital
On 9 May 2006, the company issued 12 million new 5p Ordinary shares at 17.5p per share, which raised £2.1 million. In addition, as disclosed in note 24 of the 2005 Annual Report, the company entered into an agreement to pay a bonus to three senior managers of its subsidiary, Michael Fox International, Inc., subject to continual employment. The liability under this arrangement for the period ended 30 June 2006 was satisfied by the allocation of 1,141,422 5p Ordinary shares at a value of 15p per share ("FRR Shares"), which were held in Treasury. The unvested shares are reported as Treasury shares, and upon vesting a charge is made to the Income Statement with a credit to Treasury shares for the 5p nominal value; the balance is credited to Share premium. The following table sets out the movement in share capital and share premium:
Group
In thousands of pounds sterling
5p GoIndustry plc issued Ordinary shares (number)
Nominal value
Group Share Premium
At 5 January 2006
187,133,034
9,357
2,717
Shares issued
12,000,000
600
1,500
FRR shares
-
-
114
Less cost of issuing shares
-
-
(20)
At 30 June 2006
199,133,034
9,957
4,311
END
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
GoIndustry plc / Market: AIM / Epic: GOI
18 September 2006
GoIndustry plc (‘GoIndustry’ or ‘the Group’)
Interim Results
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, announces its results for the six months ended 30 June 2006.
Highlights
· More than 50% of auctions conducted Online for the first time
· Turnover up 29% to £16.1 million (2005: £12.5 million)
· Gross margins up by 1% to 59%
· Operating profit before interest recorded for the first time in the Group’s history at £0.2 million (2005: loss of £1.5 million)
· Loss before taxation reduced by £1.6 million to £0.2 million
· Net assets up 59% to £20.5 million (2005: £12.9 million)
· Positive net current assets recorded for the first time since 2001 at £3.2 million (2005: net current liabilities £1.6 million)
Commenting on the results, GoIndustry CEO John Allbrook said: “The Group has made excellent progress since its admission to AIM in January, as reflected in these results, which show an inaugural operating profit and robust revenue growth. GoIndustry is well placed to benefit from the vast opportunities in the global industrial machinery and equipment market through the increasing use of Online auctions. I believe that following an extensive restructuring period we are beginning to turn the corner and that the Group will continue to strengthen its position both financially and operationally.”
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Group combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.
CHIEF EXECUTIVE’S REVIEW
I am pleased to report the results for the first six months of 2006, which show a strong operating performance that has resulted in the Group posting its first ever Operating Profit (before interest) since it was founded in 1999.
Revenues improved by 29% in comparison with the first half of 2005, and growth was witnessed in each of the Group’s four geographic business units (UK, Continental Europe, North America and Asia). Improved revenue performance was matched by an increase in Gross Margins and the Group is now starting to yield the benefits of its key strategic actions taken over the last eighteen months:
· Sales alignment with the most significant and profitable opportunities
· Increased Online auction penetration
· Expanding the global buyer database
· Improving operating margins
In the first half of 2006 the Group held 387 sales events, generating more than £48 million of Gross Asset Sales. Online penetration exceeded 50% of the number of sales events conducted for the first time in the Group’s history and these Online auctions generated £19.1 million (39% share) of Gross Asset Sales. In addition, the average Online auction realisation was £94,000 for the first six months of 2006, a 106% increase when compared to the same period in 2005. These improvements indicate how strongly the Group has driven the adoption of its Online auction methodology, and how warmly our customers have received it.
The Group continues to take advantage of the accelerating trend of the movement of industrial manufacturing from North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts attract a global audience to all our sales events and the Group enjoys an enviable reputation for conducting auctions in a fair and ethical manner.
All four Business Units reported strong revenue growth compared to the same period in 2005 and each was profitable on an operating basis before interest expense and corporate allocations:
· United Kingdom – revenues up 32%
· Continental Europe – revenues up 24%
· North America – revenues up 24%
· Asia – revenues up 59%
Our Balance Sheet shows positive net current assets, which it has not done since before the acquisitions that were made in 2001.
Key Developments in 2006
Highlights for the first six months of 2006 included:
· 5th January – GoIndustry plc lists on AIM via the reverse takeover of Grasshopper Investments plc
· 9th May - £5 million raised for working capital purposes via placing 12 million new Ordinary shares and a convertible, redeemable debt instrument
· 22nd May – Rollout of new internal Customer Relationship Management system commences
· 1st June – Dana Corporation signs long term global agreement for the provision of asset management services
· 15th June – First major auction conducted in Kolkata, India realises more than £200,000 of gross profit
With a solid business pipeline, a strengthened Balance Sheet and sufficient working capital, our Group is well positioned for the second half of 2006 and beyond.
John Allbrook
Chief Executive Officer
Consolidated Income Statement
for the half year ended 30 June 2006
In thousands of pounds sterling
Notes
Half year ended
30 June 2006
(unaudited)
Half year ended
30 June 2005
(unaudited)
Period ended
5 January 2006
(audited)
Revenue
2
16,191
12,509
30,540
Cost of sales
(6,689)
(5,293)
(14,622)
Gross profit
9,502
7,216
15,918
Administrative expenses
(9,168)
(8,520)
(15,795)
Share based payments
(171)
(157)
(503)
Exceptional items
-
-
(4,030)
Total administrative expenses
(9,339)
(8,677)
(20,328)
Profit/(loss) from operating activities
163
(1,461)
(4,410)
Net finance costs
(389)
(377)
(980)
Exceptional items
-
-
(1,892)
Total net finance costs
(389)
(377)
(2,872)
Loss before income tax
(226)
(1,838)
(7,282)
Income tax expense
(10)
(10)
(127)
Loss for the period
(236)
(1,848)
(7,409)
Attributable to:
Equity holders of the Group
(415)
(1,848)
(7,425)
Minority interest
179
-
16
(236)
(1,848)
(7,409)
Loss per share attributable to equity holders of the Group
Basic
3
(0.2p)
(1.6p)
(6.9p)
Fully diluted
3
(0.2p)
(1.6p)
(6.9p)
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Balance Sheet
as at 30 June 2006
In thousands of pounds sterling
Notes
As at
30 June 2006
(unaudited)
As at
30 June 2005
(unaudited)
As at
31 December 2005
(audited)
Non-current assets
Intangible assets
24,859
22,156
24,861
Property, plant and equipment
980
1,075
992
Total non-current assets
25,839
23,231
25,853
Current assets
Inventories
3,524
4,358
2,399
Accounts receivable
8,077
9,427
6,090
Cash and cash equivalents
5,985
3,713
5,164
Total current assets
17,586
17,498
13,653
Total assets
43,425
40,729
39,506
Current liabilities
Accounts payable
8,114
12,261
8,042
Current tax liabilities
-
70
109
Provisions
731
447
731
Bank loans and overdrafts
5,528
6,360
6,256
Total current liabilities
14,373
19,138
15,138
Non-current liabilities
Loans and borrowings
130
212
290
Provision for pension liabilities
5,436
5,053
5,324
Convertible Ioan notes
4
2,990
3,297
-
Other non-current payables
-
97
-
Total non-current liabilities
8,556
8,659
5,614
Total liabilities
22,929
27,797
20,752
Net assets
20,496
12,932
18,754
Capital and reserves
Called-up equity share capital
5
9,957
7,014
9,357
Share premium
5
4,311
157
2,717
Shares to be issued
3,951
2,844
3,951
Treasury shares
(315)
-
(372)
Acquisition reserve
44,871
39,025
44,871
Foreign currency translation
(364)
(8)
(79)
Accumulated losses
(42,228)
(36,223)
(41,813)
Equity shareholders’ funds
20,183
12,809
18,632
Minority interests
313
123
122
Total equity
20,496
12,932
18,754
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Statement of Cash Flows
for the half year ended 30 June 2006
In thousands of pounds sterling
Half year ended
30 June 2006
Half year
ended
30 June 2005
Period ended
5 January 2006
Cash flows from operating activities
Loss before income tax
(226)
(1,838)
(7,282)
Depreciation and amortisation
142
185
354
Net interest expense
389
377
980
Share based payments
171
157
503
Write down of inventory
-
-
2,766
Bad debt provision
-
-
541
Actuarial losses on defined benefit scheme
-
-
457
Premium on loan note conversion
-
-
1,891
Cash inflow /(outflow) before working capital changes
476
(1,119)
212
Increase in inventories
(1,125)
(1,863)
(2,681)
Increase in accounts receivable
(2,006)
(3,365)
(572)
Increase/(decrease) in accounts payable
71
2,304
(201)
Decrease in provisions
-
(149)
(123)
Cash used in operations
(2,584)
(4,192)
(3,365)
Interest paid
(509)
(430)
(1,096)
Income and corporation taxes paid
(134)
(10)
(5)
Interest received
120
53
115
Net cash used in operating activities
(3,107)
(4,579)
(4,351)
Cash flow from investing activities
Purchase of property, plant and equipment
(12)
(149)
(216)
Proceeds from disposals of property, plant and equipment
-
6
-
Purchase of intangible assets
-
(5)
(18)
Net cash used in investing activities
(12)
(148)
(234)
Cash flow from financing activities
Proceeds from issue of share capital
2,100
-
1,729
Proceeds from loan notes
2,990
-
2,642
(Decrease)/ increase in bank loans and overdrafts
(728)
3,399
3,285
Repayment of loans and borrowings
(158)
3,083
(88)
Net cash from financing activities
4,204
6,482
7,568
Net increase in cash and cash equivalents
1,085
1,755
2,983
Cash and cash equivalents at beginning of period / year
5,164
2,200
2,175
Foreign exchange differences
(264)
(242)
6
Cash and cash equivalents at end of period / year
5,985
3,713
5,164
The accompanying notes form an integral part to these consolidated financial statements.
Consolidated Statement of Changes in Equity
for the half year ended 30 June 2006
In thousands of
pounds sterling
Issued share capital
Share premium
Shares to be issued
Acquisition reserve
Treasury shares
Foreign currency translation
Accumulated losses
Equity shareholders’ funds
Equity as at
5 January 2006
9,357
2,717
3,951
44,871
(372)
(79)
(41,813)
18,632
Exchange difference on foreign currency translation
-
-
-
-
-
(285)
-
(285)
Loss for period
-
-
-
-
-
-
(415)
(415)
Share based payments
-
114
-
-
57
-
-
171
Shares issued
600
1,500
-
-
-
-
-
2,100
Cost of issuing shares
-
(20)
-
-
-
-
-
(20)
At 30 June 2006
9,957
4,311
3,951
44,871
(315)
(364)
(42,228)
20,183
Consolidated Statement of Changes in Equity
for the period ended 5 January 2006
In thousands of
pounds sterling
Issued share capital
Share premium
Shares to be issued
Acquisition reserve
Treasury shares
Foreign currency translation
Accumulated losses
Equity shareholders’ funds
Equity as at
1 January 2005
5,128
1,428
2,845
38.909
-
(85)
(34,388)
13,837
Exchange difference on foreign currency translation
-
-
-
-
-
6
-
6
Loss for period
-
-
-
-
-
-
(7,425)
(7,425)
Shares issued
2,713
1,289
-
1,289
(372)
-
-
4,919
Shares to be issued
-
-
1,106
-
-
-
-
1,106
Shares issued for acquisition
1,516
-
-
4,673
-
-
-
6,189
At 5 January 2006
9,357
2,717
3,951
44,871
(372)
(79)
(41,813)
18,632
The accompanying notes form an integral part of these consolidated financial statements.
Notes to the Financial Statements
for the half year ended 30 June 2006
1. Basis of preparation
GoIndustry plc (“the Company”) is a public limited company incorporated in England under the Companies Act 1985. The financial information in this Interim Financial Report consolidates the Company and its subsidiaries (together referred to as “the Group”). The Group’s consolidated financial statements for the period ended 5 January 2006 are included in the Group’s 2005 Annual Report and Accounts available on the Group’s website www.goindustry.com.
The unaudited consolidated interim financial statements for the six months to 30 June 2006 and 30 June 2005 do not constitute statutory accounts. The financial information for the period ended 5 January 2006 does not constitute statutory accounts for the purposes of s240 of the Companies Act 1985. The statutory accounts for the period ended 5 January 2006 have been delivered to the Registrar of Companies and received an unqualified auditor’s report and did not contain a statement under s237(2) or (3) of the Companies Act 1985. The interim financial statements are unaudited and have not been reviewed by the auditors.
The information in this document does not include all of the disclosures required by IFRS in full annual financial statements, and it should be read in conjunction with the consolidated financial statements of the Group for the period ended 5 January 2006. This interim financial information has been prepared applying the accounting policies and presentation that were applied in the preparation of the Group’s published 2005 Annual Report and Accounts. As indicated in the 2005 Annual Report and Accounts, the interim financial statements have now been prepared using sterling as the functional currency. Previously reported figures in Euros have been converted into sterling in accordance with IAS21 “The Effects of Changes in Foreign Exchange Rates”.
2. Segment information
Primary reporting format – Geographic segments
In thousands of pounds sterling
Revenue
Loss before income tax
Half year ended
30 June 2006
Half year ended
30 June 2005
Period ended
5 January 2006
Half year ended
30 June 2006
Half year ended
30 June 2005
Period ended
5 January 2006
UK
6,878
5,207
15,021
274
108
(1,716)
Continental Europe
3,899
3,145
6,869
(273)
(388)
(2,997)
North America
4,220
3,406
6,691
(489)
(1361)
(2,843)
Asia
1,194
751
1,959
262
(40)
274
Group
16,191
12,509
30,540
(226)
(1,681)
(7,282)
3. Loss per Share
The loss per share is calculated on loss of £0.4 million (2005: £1.7 million) and on 190,363,803 shares (2005: 105,037,114 shares) being the weighted average number of shares in issue during the period. Loss per share for the period ended 5th January 2006 is calculated on a loss of £7.4 million and on 107,694,936 shares, being the weighted average number of shares in issue during that year.
4. Convertible loan note
On 9 May 2006, the Company issued £2,990,000 in redeemable, convertible loan notes. The loan notes mature on 5 May 2009 and bear interest at 8% per annum, payable quarterly in arrears. They may be redeemed by the Company at par at any time after 5 May 2008. They may also be converted into 5p Ordinary shares at a conversion price of 21p per share. The convertible loan notes shown as at 30 June 2005 were converted into equity of GoIndustry AG prior to the reverse takeover of Grasshopper Investments plc, as disclosed in note 22 of the 2005 Annual Report and Accounts.
5. Share capital
On 9 May 2006, the company issued 12 million new 5p Ordinary shares at 17.5p per share, which raised £2.1 million. In addition, as disclosed in note 24 of the 2005 Annual Report, the company entered into an agreement to pay a bonus to three senior managers of its subsidiary, Michael Fox International, Inc., subject to continual employment. The liability under this arrangement for the period ended 30 June 2006 was satisfied by the allocation of 1,141,422 5p Ordinary shares at a value of 15p per share ("FRR Shares"), which were held in Treasury. The unvested shares are reported as Treasury shares, and upon vesting a charge is made to the Income Statement with a credit to Treasury shares for the 5p nominal value; the balance is credited to Share premium. The following table sets out the movement in share capital and share premium:
Group
In thousands of pounds sterling
5p GoIndustry plc issued Ordinary shares (number)
Nominal value
Group Share Premium
At 5 January 2006
187,133,034
9,357
2,717
Shares issued
12,000,000
600
1,500
FRR shares
-
-
114
Less cost of issuing shares
-
-
(20)
At 30 June 2006
199,133,034
9,957
4,311
END
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
www.goindustry.com/data/2006_Interim_Report.pdf
das Zehnfache der sonstigen Umsätze - man deckt sich ein bevor die Rakete abgeht:
Börse
London Inland
Aktuell
17,50 BPC
Zeit
01.02.07 17:31
Diff. Vortag
+6,06 %
Tages-Vol.
--
Gehandelte Stück
2,2 Mio.
Geld
16,75
Brief
18,25
Zeit
01.02.07 17:45
Spread
8,22%
Geld Stk.
0
Brief Stk.
0
Schluss Vortag
16,50
Eröffnung
16,50
Hoch
17,70
Tief
16,50
52W Hoch
19,75
52W Tief
11,00
Split
--
Börse
London Inland
Aktuell
17,50 BPC
Zeit
01.02.07 17:31
Diff. Vortag
+6,06 %
Tages-Vol.
--
Gehandelte Stück
2,2 Mio.
Geld
16,75
Brief
18,25
Zeit
01.02.07 17:45
Spread
8,22%
Geld Stk.
0
Brief Stk.
0
Schluss Vortag
16,50
Eröffnung
16,50
Hoch
17,70
Tief
16,50
52W Hoch
19,75
52W Tief
11,00
Split
--
denn man war das letzte Mal an der Gewinngrenze, das Betriebsergebnis war schon positiv. Auch nach dem Kursanstieg von 11 auf 17 sollte noch eine weitere Kursverdoppelung in 2007 möglich sein.
v.a. eine interessante Geschäftsidee. Die Homepage gefällt, macht einen sehr soliden - und vor allem business-like edlen, bzw. seriösen Eindruck. Könnte mir vorstellen, dass GoIndustry sich in dieser Auktionsnische gut behaupten wird! Wäre es vorstellbar, dass ein größerer Auktionator sich diese AG bei Erfolg einverleibt?
Ich bin definitiv interessiert, allerdings noch nicht eingestiegen. Geld 16,75, Brief 18? Und die T/S von heute sind schon 'ne Schau... Kommentare? Mir sieht das nicht gerade nach Privatanleger aus :)
Ich bin definitiv interessiert, allerdings noch nicht eingestiegen. Geld 16,75, Brief 18? Und die T/S von heute sind schon 'ne Schau... Kommentare? Mir sieht das nicht gerade nach Privatanleger aus :)
sondern ist eigentlich deutschen Ursprungs und war, wenn auch damals nicht börsennotiert, ein Darling der New Economy, dem eine enorme Zukunft vorausgesagt wurde. Um 2002 war man auch schon einmal in der Gewinnzone, kam dann aber mit einem Teil seines Geschäftes in die Mühlsteine von Ebay und hatte sich offensichtlich zudem mit zu schnellen Zukäufen verhoben. Die Zukäufe waren der altehrwürdige englische Versteigerer Henry Butcher in England und der US-Versteigerer Michael Fox, dazu noch der östereichische Herbert Karner und den belgischen Versteigerer Appelboom oder so ähnlich. Außerdem hielt man ein zu dichtes Netz von weltweit fast 50 Niederlassungen, was einfach zu groß gestrickt und zu teuer war.
Inzwischen hat seine Struktur, den Umsatzmöglichkeiten angepasst, steigert den wieder ganz erheblich und erreichte im ersten Halbjahr 2006 nach den Zukäufen um 2002 herum erstmals wieder ein positives Betriebsergebnis und machte kaum noch Verlust, fast Null. Im zweiten Halbjahr wird vermutlich nicht nur Betriebsergebnis positiv sein, sondern auch ein Gewinn da sein. Teilweise ist man ein konventioneller Versteigerer, aber inzwischen macht man die Hälfte der Umsätze über das Internet. Daher ist es absurd, dass ein Unternehmen mit einem Jahresumsatz von 60 Millionen nur mit etwa auch 60 Millionen bewertet wird. Wenn man das z.B. mit deutschen Internetklitschen, die 3 oder 5 Millionen Umsatz machen vergleicht und die mit dem Zehnfachen dieser Beträge bewertet werden, ist das schlicht und einfach absurd. Damit will ich nicht unbedingt behaupten, dass sich GoIndustry verzehnfacht, denn überwiegend sind die deutschen Klitschen überbewertet, aber eine Verdoppelung ist für mich bis 2007 drin. Aber ein Risiko hat man auch, denn man ist schließlich an der AIM in London und die laufende Berichterstattung lässt zu wünschen übrig, auch wenn der letzte Halbjahresbericht sehr übersichtlich und sehr aussagekärftig war.
Fazit: Als Beimischung mit kleinem bzw. sehr kleinem Depotanteil wegen der enormen Chancen gut geeignet.
Inzwischen hat seine Struktur, den Umsatzmöglichkeiten angepasst, steigert den wieder ganz erheblich und erreichte im ersten Halbjahr 2006 nach den Zukäufen um 2002 herum erstmals wieder ein positives Betriebsergebnis und machte kaum noch Verlust, fast Null. Im zweiten Halbjahr wird vermutlich nicht nur Betriebsergebnis positiv sein, sondern auch ein Gewinn da sein. Teilweise ist man ein konventioneller Versteigerer, aber inzwischen macht man die Hälfte der Umsätze über das Internet. Daher ist es absurd, dass ein Unternehmen mit einem Jahresumsatz von 60 Millionen nur mit etwa auch 60 Millionen bewertet wird. Wenn man das z.B. mit deutschen Internetklitschen, die 3 oder 5 Millionen Umsatz machen vergleicht und die mit dem Zehnfachen dieser Beträge bewertet werden, ist das schlicht und einfach absurd. Damit will ich nicht unbedingt behaupten, dass sich GoIndustry verzehnfacht, denn überwiegend sind die deutschen Klitschen überbewertet, aber eine Verdoppelung ist für mich bis 2007 drin. Aber ein Risiko hat man auch, denn man ist schließlich an der AIM in London und die laufende Berichterstattung lässt zu wünschen übrig, auch wenn der letzte Halbjahresbericht sehr übersichtlich und sehr aussagekärftig war.
Fazit: Als Beimischung mit kleinem bzw. sehr kleinem Depotanteil wegen der enormen Chancen gut geeignet.
wie ein Beispiel aus der FAZ von heute zeigt. Immobilienscout und GoIndustry haben in etwa die gleichen Umsätze in 2006, während aber GoIndustry mit 50 Millionen Euro oder weniger bewertet wird, soll sich die Bewertung von Immobilien-Scout zwischen 400 und 700 oder sogar 900 Millionen bewegen. Dabei ist die Marktdurchdringung von Immo-Scout schon hoch, während sich bei GoIndustry wegen der sehr niedrigen Marktpenetration noch enorme Wachstumsmöglichkeiten ergeben.
Oder um es kurz und bündig zu machen: GoIndustry ist für mich auch nach den letzten Kursgewinnen bis Ende 2007 mindestens ein Verdoppler.
Immobilienscout 24 steigert den Umsatz um 45 Prozent
Arndt Kwiatkowski, der Immobilientycoon im Internet
19. Februar 2007
Das Immobilienportal Immobilienscout 24 hat seinen Umsatz im vergangenen Jahr um 45 Prozent auf 53 Millionen Euro und das Vorsteuerergebnis um 38 Prozent auf 21 Millionen Euro gesteigert. "Auf der Plattform wird inzwischen die Hälfte aller deutschen Wohnimmobilien angeboten und rund 20 Prozent aller Abschlüsse initiiert", sagte der Geschäftsführer Arndt Kwiatkowski dieser Zeitung. Das Unternehmen erwirtschaftet rund 90 Prozent seines Umsatzes mit Anzeigenerlösen, die von 21000 professionellen und rund 50000 privaten Inserenten stammen. Kwiatkowski erwartet auch in diesem Jahr wieder ein "deutlich zweistelliges Wachstum".
„Wir reden mit potentiellen Käufern“
Text zur Anzeige gekürzt. Gesamtes Posting anzeigen...
Wem das Unternehmen künftig gehört, ist aber offen. Die drei Anteilseigner Aareal Bank, Morgan Stanley und J.H. Whitney haben die Investmentbank Viscardi beauftragt, Käufer für ihre Anteile zu finden. "Die Aareal Bank, Morgan Stanley und J.H. Whitney testen zurzeit den Markt, um ihre Anteile zu verkaufen. Wir reden jetzt mit potentiellen Käufern", sagt Kwiatkowski. Die Deutsche Telekom, die mit 33 Prozent noch den größten Anteil hält, will nach eigenen Angaben nicht aussteigen. "Mich würde es aber nicht überraschen, wenn die Telekom ihre Anteile in Zukunft doch verkauft", sagt Kwiatkowski. Nach seinen Angaben sind sowohl strategische Investoren als auch Finanzinvestoren an Immobilienscout interessiert. "Darunter ist aber kein Unternehmen aus der Immobilienbranche", sagt Kwiatkowski.
Ebay und die Verlage
Es wird vermutet, dass der Internetmarktplatz Ebay, dessen eigenes Immobiliengeschäft in Deutschland nicht gut läuft, mitbietet. Auch Verlage, deren Geschäft mit Immobilienanzeigen zunehmend ins Internet abwandert, dürften am Marktführer interessiert sein, dessen Seite jeden Monat von zwei Millionen Internetnutzern besucht wird. Der zweitgrößte Anbieter Immonet des Axel-Springer-Verlags hat bereits deutlichen Rückstand auf Immobilienscout. Nach einer Studie des Marktforschungsunternehmens W3B nutzen 83 Prozent der Immobiliensucher die Seite von Immobilienscout, während Immonet nur auf 39 Prozent kommt.
Kwiatkowski kann sich unter dem neuen Eigentümer auch einen Gang an die Börse vorstellen: "Ein Börsengang ist eine Variante." Ebenso sei der Gang ins Ausland vorstellbar. "Die Internationalisierung ist sicher eine Frage, die wir mit dem neuen Anteilseigner diskutieren werden." Die Gefahr, dass der neue Eigentümer Mittel aus dem Unternehmen abzieht, sieht er nicht.
Unternehmenswert zwischen 400 und 900 Millionen Euro
Die Schätzungen über den Unternehmenswert schwanken zwischen 400 und 700 Millionen Euro. "Wir sind als Wachstumsunternehmen aufgestellt, und der Preis wird sich danach richten", sagt Kwiatkowski. Er verweist dabei auf die Bewertung des britischen Marktführers: "Das Unternehmen Rightmove wird dort an der Börse mit 900 Millionen Euro bewertet."
In diesem Jahr stehen für das Unternehmen hohe Investitionen in ein zweites Rechenzentrum und den Ausbau des Kundendienstes an. "Unsere Marge könnte dadurch auch sinken", sagt Kwiatkowski. Außerdem sollen die Anzeigenpreise stufenweise um rund 90 Prozent erhöht werden. "Das klingt viel, sind aber nur 4 bis 8 Euro mehr im Monat je Objekt", sagt Kwiatkowski.
Text: ht./ F.A.Z., 19.02.2007, Nr. 42 / Seite 12
Bildmaterial: Immobilienscout24
Oder um es kurz und bündig zu machen: GoIndustry ist für mich auch nach den letzten Kursgewinnen bis Ende 2007 mindestens ein Verdoppler.
Immobilienscout 24 steigert den Umsatz um 45 Prozent
Arndt Kwiatkowski, der Immobilientycoon im Internet
19. Februar 2007
Das Immobilienportal Immobilienscout 24 hat seinen Umsatz im vergangenen Jahr um 45 Prozent auf 53 Millionen Euro und das Vorsteuerergebnis um 38 Prozent auf 21 Millionen Euro gesteigert. "Auf der Plattform wird inzwischen die Hälfte aller deutschen Wohnimmobilien angeboten und rund 20 Prozent aller Abschlüsse initiiert", sagte der Geschäftsführer Arndt Kwiatkowski dieser Zeitung. Das Unternehmen erwirtschaftet rund 90 Prozent seines Umsatzes mit Anzeigenerlösen, die von 21000 professionellen und rund 50000 privaten Inserenten stammen. Kwiatkowski erwartet auch in diesem Jahr wieder ein "deutlich zweistelliges Wachstum".
„Wir reden mit potentiellen Käufern“
Text zur Anzeige gekürzt. Gesamtes Posting anzeigen...
Wem das Unternehmen künftig gehört, ist aber offen. Die drei Anteilseigner Aareal Bank, Morgan Stanley und J.H. Whitney haben die Investmentbank Viscardi beauftragt, Käufer für ihre Anteile zu finden. "Die Aareal Bank, Morgan Stanley und J.H. Whitney testen zurzeit den Markt, um ihre Anteile zu verkaufen. Wir reden jetzt mit potentiellen Käufern", sagt Kwiatkowski. Die Deutsche Telekom, die mit 33 Prozent noch den größten Anteil hält, will nach eigenen Angaben nicht aussteigen. "Mich würde es aber nicht überraschen, wenn die Telekom ihre Anteile in Zukunft doch verkauft", sagt Kwiatkowski. Nach seinen Angaben sind sowohl strategische Investoren als auch Finanzinvestoren an Immobilienscout interessiert. "Darunter ist aber kein Unternehmen aus der Immobilienbranche", sagt Kwiatkowski.
Ebay und die Verlage
Es wird vermutet, dass der Internetmarktplatz Ebay, dessen eigenes Immobiliengeschäft in Deutschland nicht gut läuft, mitbietet. Auch Verlage, deren Geschäft mit Immobilienanzeigen zunehmend ins Internet abwandert, dürften am Marktführer interessiert sein, dessen Seite jeden Monat von zwei Millionen Internetnutzern besucht wird. Der zweitgrößte Anbieter Immonet des Axel-Springer-Verlags hat bereits deutlichen Rückstand auf Immobilienscout. Nach einer Studie des Marktforschungsunternehmens W3B nutzen 83 Prozent der Immobiliensucher die Seite von Immobilienscout, während Immonet nur auf 39 Prozent kommt.
Kwiatkowski kann sich unter dem neuen Eigentümer auch einen Gang an die Börse vorstellen: "Ein Börsengang ist eine Variante." Ebenso sei der Gang ins Ausland vorstellbar. "Die Internationalisierung ist sicher eine Frage, die wir mit dem neuen Anteilseigner diskutieren werden." Die Gefahr, dass der neue Eigentümer Mittel aus dem Unternehmen abzieht, sieht er nicht.
Unternehmenswert zwischen 400 und 900 Millionen Euro
Die Schätzungen über den Unternehmenswert schwanken zwischen 400 und 700 Millionen Euro. "Wir sind als Wachstumsunternehmen aufgestellt, und der Preis wird sich danach richten", sagt Kwiatkowski. Er verweist dabei auf die Bewertung des britischen Marktführers: "Das Unternehmen Rightmove wird dort an der Börse mit 900 Millionen Euro bewertet."
In diesem Jahr stehen für das Unternehmen hohe Investitionen in ein zweites Rechenzentrum und den Ausbau des Kundendienstes an. "Unsere Marge könnte dadurch auch sinken", sagt Kwiatkowski. Außerdem sollen die Anzeigenpreise stufenweise um rund 90 Prozent erhöht werden. "Das klingt viel, sind aber nur 4 bis 8 Euro mehr im Monat je Objekt", sagt Kwiatkowski.
Text: ht./ F.A.Z., 19.02.2007, Nr. 42 / Seite 12
Bildmaterial: Immobilienscout24
wenn man GoIndustry mit hochgejubelten deutschen Internetklitschen vergleicht, z.B. Abacho, deren Umsatz ca. 10% des Umsatzes von GoIndustry beträgt, aber mit 40 Millionen fast an die Börsenbewertung von GoIndustry heranreichen.
6 Monatszahlen
Meldung vom 11.08.2006
Die Abacho Aktiengesellschaft, Neuss, (WKN 568 030) hat im Konzern in den ersten sechs Monaten des Geschäftsjahres 2006 (01.01.2006 - 30.06.2006) den Umsatz um 12% auf 1,9 Mio. Euro steigern können.
Umsatzrückgänge im Bereich Premium-Handy-Dienste konnten durch den weiterhin sehr dynamischen Umsatzanstieg in dem schnell wachsenden Segment Internet-Auktionen mit My-Hammer.de mehr als ausgeglichen werden. My-Hammer vermittelte in den ersten sechs Monaten des Geschäftsjahres Aufträge für über 15 Mio. Euro und erzielte dabei einen Umsatz von 500.000 Euro. Das Wachstum wird hier dynamisch erwartet.
Das EBITDA im Konzern beträgt ca. –386.000 Euro, i. W. hervorgerufen durch Markteintritts- und Werbekosten im Tochterunternehmen MY-HAMMER Aktiengesellschaft in Höhe von ca. 480.000 Euro. Die Bilanzsumme beträgt 10,3 Mio. Euro bei einer Eigenkapitalquote von ca. 65%.
Halbjahreszahlen 2006 (PDF)
6 Monatszahlen
Meldung vom 11.08.2006
Die Abacho Aktiengesellschaft, Neuss, (WKN 568 030) hat im Konzern in den ersten sechs Monaten des Geschäftsjahres 2006 (01.01.2006 - 30.06.2006) den Umsatz um 12% auf 1,9 Mio. Euro steigern können.
Umsatzrückgänge im Bereich Premium-Handy-Dienste konnten durch den weiterhin sehr dynamischen Umsatzanstieg in dem schnell wachsenden Segment Internet-Auktionen mit My-Hammer.de mehr als ausgeglichen werden. My-Hammer vermittelte in den ersten sechs Monaten des Geschäftsjahres Aufträge für über 15 Mio. Euro und erzielte dabei einen Umsatz von 500.000 Euro. Das Wachstum wird hier dynamisch erwartet.
Das EBITDA im Konzern beträgt ca. –386.000 Euro, i. W. hervorgerufen durch Markteintritts- und Werbekosten im Tochterunternehmen MY-HAMMER Aktiengesellschaft in Höhe von ca. 480.000 Euro. Die Bilanzsumme beträgt 10,3 Mio. Euro bei einer Eigenkapitalquote von ca. 65%.
Halbjahreszahlen 2006 (PDF)
Company GoIndustry PLC
TIDM GOI
Headline Placing & Trading Update
Released 07:01 12-Mar-07
Number 7311S
RNS Number:7311S
GoIndustry PLC
12 March 2007
It may be unlawful to distribute this announcement in certain jurisdictions.
This announcement is not for distribution in the US, Canada, Japan or Australia.
The information in this announcement does not constitute an offer of securities
for sale in the US, Canada, Japan or Australia.
12 March 2007
GoIndustry plc / Market: AIM / Epic: GOI
GoIndustry plc ("GoIndustry" or the "Company")
Placing & Trading Update
Overview
• Raised £6.6 million (net of expenses) through the placing of 40,000,000
new ordinary shares at 17p per share
• Focused on expanding business organically through increased adoption of
online auction methodology
• Expanding global reach - plans to increase revenues in North America and
open offices in Italy and France
• Further development of website planned including increasing multi-lingual
capability
• Reported results, expected at the end of April, are anticipated to be in
excess of market expectations because of an exceptional gain relating to the
UK final salary pension scheme
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, is
pleased to announce it has conditionally raised £6.6 million (net of expenses)
through the placing of 40,000,000 new ordinary shares at 17p per share and
provided an update on trading performance. The placing is conditional on, inter
alia, the passing of resolutions at an EGM to be held on 2 April 2007 to
authorise the directors to allot the placing shares and to disapply statutory
pre-emption rights. The money raised will be used to strengthen the Company's
balance sheet and to accelerate the Company's organic growth strategy.
The Company is focused on expanding its business organically through increased
adoption of its online auction methodology. Online sales penetration grew
significantly again in 2006 and the Company is confident this trend will
continue.
GoIndustry is also seeking to expand its global reach in 2007. The Company
already has established operations in 15 countries in Europe, North America and
Asia. Although its business in North America has been established for more than
60 years, there is still significant potential for expansion. North America is
the single largest market in the world and has a 25% share of global
manufacturing output. The Company therefore plans to increase its revenues in
this region via an increased investment in its business generation capabilities.
In addition, the Company intends to open offices in Italy and France, which are
significant centres of industrial production, with few barriers to entry and
fragmented competition.
The key enabler of revenue growth is the Company website. The Company plans to
develop the website significantly in 2007 by increasing its multi-lingual
capability, improving the level of information it provides to its customers and
enhancing overall functionality.
The Company will use the remaining proceeds from the placing to further
strengthen its balance sheet.
GoIndustry anticipates results for 2006 that are broadly in line with market
expectations (excluding share-based payments and exceptional items, which
include the positive impact of the triennial actuarial valuation of its UK final
salary pension scheme, which was closed to new members in 2003). Reported
results are anticipated to be in excess of market expectations because of the
net exceptional gain. The preliminary announcement of results will be made
around 25 April 2007.
GoIndustry's CEO John Allbrook said, "We are pleased with the progress the
Company has made in 2006 and are delighted that we have been able to attract
significant new funds, which will help us to build a low risk/high return global
growth company. We have enormous worldwide market potential and are looking
forward to the future with confidence."
Application has been made for the admission of the new ordinary shares to
trading on the AIM market. The new ordinary shares will rank pari passu with the
existing ordinary shares of 5p each in the Company and dealings in the new
ordinary shares are expected to commence on 5 April 2007.
The total number of Ordinary Shares in issue immediately following the placing
will be 236,637,483.
This announcement is not an offer to sell or a solicitation of any offer to buy
the securities of the Company in the United States (the "US") or in any other
jurisdiction. Securities may not be offered or sold in the US unless they are
registered or are exempt from registration. The Company does not intend to
register its securities or any portion of this offering in the US or to conduct
a public offering in the US. Any public offering of securities to be made in the
US would be made by means of a prospectus that would contain detailed
information about the Company and its management, as well as financial
statements. Copies of this announcement are not being, and should not be,
distributed in or sent into the US.
* * ENDS * *
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is the global market leader in the valuation and auction of
surplus industrial assets. The Company combines traditional sales experience
with innovative eCommerce technology and advanced direct marketing to service
the needs of corporations, insolvency practitioners, dealers and asset based
lenders around the world. Since it was established in 1999, it has built a
global presence and now has offices in 15 countries across Europe, North America
and Asia.
Operating in a fragmented market estimated to be worth over $100 billion per
annum, GoIndustry has a strong market position with a combination of online and
live auctions, negotiated sales and valuation services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TIDM GOI
Headline Placing & Trading Update
Released 07:01 12-Mar-07
Number 7311S
RNS Number:7311S
GoIndustry PLC
12 March 2007
It may be unlawful to distribute this announcement in certain jurisdictions.
This announcement is not for distribution in the US, Canada, Japan or Australia.
The information in this announcement does not constitute an offer of securities
for sale in the US, Canada, Japan or Australia.
12 March 2007
GoIndustry plc / Market: AIM / Epic: GOI
GoIndustry plc ("GoIndustry" or the "Company")
Placing & Trading Update
Overview
• Raised £6.6 million (net of expenses) through the placing of 40,000,000
new ordinary shares at 17p per share
• Focused on expanding business organically through increased adoption of
online auction methodology
• Expanding global reach - plans to increase revenues in North America and
open offices in Italy and France
• Further development of website planned including increasing multi-lingual
capability
• Reported results, expected at the end of April, are anticipated to be in
excess of market expectations because of an exceptional gain relating to the
UK final salary pension scheme
GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, is
pleased to announce it has conditionally raised £6.6 million (net of expenses)
through the placing of 40,000,000 new ordinary shares at 17p per share and
provided an update on trading performance. The placing is conditional on, inter
alia, the passing of resolutions at an EGM to be held on 2 April 2007 to
authorise the directors to allot the placing shares and to disapply statutory
pre-emption rights. The money raised will be used to strengthen the Company's
balance sheet and to accelerate the Company's organic growth strategy.
The Company is focused on expanding its business organically through increased
adoption of its online auction methodology. Online sales penetration grew
significantly again in 2006 and the Company is confident this trend will
continue.
GoIndustry is also seeking to expand its global reach in 2007. The Company
already has established operations in 15 countries in Europe, North America and
Asia. Although its business in North America has been established for more than
60 years, there is still significant potential for expansion. North America is
the single largest market in the world and has a 25% share of global
manufacturing output. The Company therefore plans to increase its revenues in
this region via an increased investment in its business generation capabilities.
In addition, the Company intends to open offices in Italy and France, which are
significant centres of industrial production, with few barriers to entry and
fragmented competition.
The key enabler of revenue growth is the Company website. The Company plans to
develop the website significantly in 2007 by increasing its multi-lingual
capability, improving the level of information it provides to its customers and
enhancing overall functionality.
The Company will use the remaining proceeds from the placing to further
strengthen its balance sheet.
GoIndustry anticipates results for 2006 that are broadly in line with market
expectations (excluding share-based payments and exceptional items, which
include the positive impact of the triennial actuarial valuation of its UK final
salary pension scheme, which was closed to new members in 2003). Reported
results are anticipated to be in excess of market expectations because of the
net exceptional gain. The preliminary announcement of results will be made
around 25 April 2007.
GoIndustry's CEO John Allbrook said, "We are pleased with the progress the
Company has made in 2006 and are delighted that we have been able to attract
significant new funds, which will help us to build a low risk/high return global
growth company. We have enormous worldwide market potential and are looking
forward to the future with confidence."
Application has been made for the admission of the new ordinary shares to
trading on the AIM market. The new ordinary shares will rank pari passu with the
existing ordinary shares of 5p each in the Company and dealings in the new
ordinary shares are expected to commence on 5 April 2007.
The total number of Ordinary Shares in issue immediately following the placing
will be 236,637,483.
This announcement is not an offer to sell or a solicitation of any offer to buy
the securities of the Company in the United States (the "US") or in any other
jurisdiction. Securities may not be offered or sold in the US unless they are
registered or are exempt from registration. The Company does not intend to
register its securities or any portion of this offering in the US or to conduct
a public offering in the US. Any public offering of securities to be made in the
US would be made by means of a prospectus that would contain detailed
information about the Company and its management, as well as financial
statements. Copies of this announcement are not being, and should not be,
distributed in or sent into the US.
* * ENDS * *
For further information visit www.goindustry.com or contact:
John Allbrook GoIndustry plc Tel: 020 7098 3700
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
GoIndustry plc is the global market leader in the valuation and auction of
surplus industrial assets. The Company combines traditional sales experience
with innovative eCommerce technology and advanced direct marketing to service
the needs of corporations, insolvency practitioners, dealers and asset based
lenders around the world. Since it was established in 1999, it has built a
global presence and now has offices in 15 countries across Europe, North America
and Asia.
Operating in a fragmented market estimated to be worth over $100 billion per
annum, GoIndustry has a strong market position with a combination of online and
live auctions, negotiated sales and valuation services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
denn im Vorfeld des zu erwartenden ersten Jahresgewinnes geht es weiter aufwärts. Seht halt einfach mal rein:
www.goindustry.com/us/
Und vergleicht das einmal mit deutschen Internetklitschen wie z.B. Abacho, die momentan von der deutschen Börsenjournalie in Zusammenarbeit mit Kulmbacher Vortänzern und Bäckerburschen hochgejubelt wird. Bei einem 10-malen höheren Umsatz als die obskuren deutschen Werte hat GoIndustry (die eigentlich auch einen deutschen Ursprung hat, inzwischen aber ein englisches Unternehmen ist) nur die gleiche Börsenbewertung. Während sich also GoIndustry verzweifach- oder verdreifachen wird, kauft man bei dem deutschen Tand eine Drittelungs- oder Viertelungschance.
www.goindustry.com/us/
Und vergleicht das einmal mit deutschen Internetklitschen wie z.B. Abacho, die momentan von der deutschen Börsenjournalie in Zusammenarbeit mit Kulmbacher Vortänzern und Bäckerburschen hochgejubelt wird. Bei einem 10-malen höheren Umsatz als die obskuren deutschen Werte hat GoIndustry (die eigentlich auch einen deutschen Ursprung hat, inzwischen aber ein englisches Unternehmen ist) nur die gleiche Börsenbewertung. Während sich also GoIndustry verzweifach- oder verdreifachen wird, kauft man bei dem deutschen Tand eine Drittelungs- oder Viertelungschance.
deutschen Internet-Klitsche vergleichen:
Aus Kulmbach hochgezockte Internetbuden kann man den deutschen Anlegern anscheinend immer noch unterjubeln, wie das Beispiel Abacho zeigt. Spätestens wenn dann Zahlen kommen kracht das aber zusammen. Bei GoIndustrie bekommt man den 15-fachen Umsatz für eine nur 1,5-fache Bewertung, obwohl die Qualität der Umsätze von GoIndustry besser ist.
DGAP-News: Abacho Aktiengesellschaft (deutsch)
Abacho Aktiengesellschaft: Dynamisches Wachstum
Abacho Aktiengesellschaft / Jahresergebnis
30.03.2007
Veröffentlichung einer Corporate-News, übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
--------------------------------------------------
Die Abacho Aktiengesellschaft konnte im abgelaufenen Geschäftsjahr zum 31.12.2006 den Umsatz im Konzern nach IFRS im Vergleich zum Vorjahr um 35% auf Euro 4,4 Mio. steigern.
Das Geschäftsjahr wurde mit einem Jahresfehlbetrag von Euro 1,2 Mio. abgeschlossen. Dieser beruht im Wesentlichen auf Investitionen in das nachhaltige Wachstum des Tochterunternehmens MY-HAMMER Aktiengesellschaft, hier insbesondere in die Bereiche Personalausbau und Werbung.
Die Bilanzsumme zum 31.12.2006 beträgt Euro 10,1 Mio. Die Eigenkapitalquote beläuft sich auf 65 Prozent.
Insbesondere im Segment der unter www.My-Hammer.de betriebenen Auktionen für Handwerksaufträge und Dienstleistungen wird für den Marktführer mit weiterem, sehr dynamischen Wachstum gerechnet.
Kontakt: Abacho Aktiengesellschaft Gerhard-Hoehme-Allee 1 41466 Neuss Deutschland
DGAP 30.03.2007
Aus Kulmbach hochgezockte Internetbuden kann man den deutschen Anlegern anscheinend immer noch unterjubeln, wie das Beispiel Abacho zeigt. Spätestens wenn dann Zahlen kommen kracht das aber zusammen. Bei GoIndustrie bekommt man den 15-fachen Umsatz für eine nur 1,5-fache Bewertung, obwohl die Qualität der Umsätze von GoIndustry besser ist.
DGAP-News: Abacho Aktiengesellschaft (deutsch)
Abacho Aktiengesellschaft: Dynamisches Wachstum
Abacho Aktiengesellschaft / Jahresergebnis
30.03.2007
Veröffentlichung einer Corporate-News, übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
--------------------------------------------------
Die Abacho Aktiengesellschaft konnte im abgelaufenen Geschäftsjahr zum 31.12.2006 den Umsatz im Konzern nach IFRS im Vergleich zum Vorjahr um 35% auf Euro 4,4 Mio. steigern.
Das Geschäftsjahr wurde mit einem Jahresfehlbetrag von Euro 1,2 Mio. abgeschlossen. Dieser beruht im Wesentlichen auf Investitionen in das nachhaltige Wachstum des Tochterunternehmens MY-HAMMER Aktiengesellschaft, hier insbesondere in die Bereiche Personalausbau und Werbung.
Die Bilanzsumme zum 31.12.2006 beträgt Euro 10,1 Mio. Die Eigenkapitalquote beläuft sich auf 65 Prozent.
Insbesondere im Segment der unter www.My-Hammer.de betriebenen Auktionen für Handwerksaufträge und Dienstleistungen wird für den Marktführer mit weiterem, sehr dynamischen Wachstum gerechnet.
Kontakt: Abacho Aktiengesellschaft Gerhard-Hoehme-Allee 1 41466 Neuss Deutschland
DGAP 30.03.2007
Auf der einen Seite GoIndustry, ein seit Jahren funktionierender Versteigerer, der an der Gewinnschwelle steht, etwas mehr als 50 Millionen Euro Provsisionserlöse pro Jahr hat und nur mit etwas mehr als 50 Millilen Euro bewertet wird.
Auf der anderen Seite die Bruchbude Abacho, deren Umsätze von 4 Millionen mit über 40 Millionen bewertet werden und die Verluste in Höhe von 25% der Umsätze macht.
Auf der anderen Seite die Bruchbude Abacho, deren Umsätze von 4 Millionen mit über 40 Millionen bewertet werden und die Verluste in Höhe von 25% der Umsätze macht.
wird, wie im ersten Halbjahresbericht schon angedeutet, noch besser. Und das erste war schon exzellent und hat sich auch noch nicht andeutungsweise im wenn auch nicht unerheblich gestiegenen Kurs niedergeschlagen.
www.goindustry.com/data/2006_Interim_Report.pdf
Über den Daumen gepeilt werden im Kurs gerade einmal die Umsatz bezahlt. Für deutsche Internetklitschen bezahlt man das Zehnfache des Umsatzes und mehr - und das bei wesentlich schlechterer Qualität.
Wenn man kleinen Stückzahlen reingeht, kommt man vielleicht sogar in den Genuss der niedrigen Preise, die von jemand herbeigeführt werden, der am Kurs dreht. Man gewünschten größeren Stückzahlen sollte man allerdings mit dem Limit nicht allzu geizig sein, denn an größere Stückzahlen geht der Manipulateur nicht dran, da ihm das anscheinend zu teuer wird.
www.goindustry.com/data/2006_Interim_Report.pdf
Über den Daumen gepeilt werden im Kurs gerade einmal die Umsatz bezahlt. Für deutsche Internetklitschen bezahlt man das Zehnfache des Umsatzes und mehr - und das bei wesentlich schlechterer Qualität.
Wenn man kleinen Stückzahlen reingeht, kommt man vielleicht sogar in den Genuss der niedrigen Preise, die von jemand herbeigeführt werden, der am Kurs dreht. Man gewünschten größeren Stückzahlen sollte man allerdings mit dem Limit nicht allzu geizig sein, denn an größere Stückzahlen geht der Manipulateur nicht dran, da ihm das anscheinend zu teuer wird.
Nicht zu große Auftrage wählen, da der Kursmanipulateur vermutlich nur kleine Kaufaufträge mit entsprechenden Verkaufsaufträgen zur Ausführung bringt.
denn auch den letzten Kursanstiegen wird GoIndustry nur mit Jahresumsatz bewertet. Deutsche Internetbruchbuden wie z.B. Abacho werden den mit dem 10-fachen ihrer Jahresumsätze bewertet.
Börse
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20.04.07 13:28
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--
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402.777
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21,50
Brief
22,50
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20.04.07 12:45
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4,4%
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Brief Stk.
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19,00
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11,00
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--
Börse
London Inland
Aktuell
21,50 BPC
Zeit
20.04.07 13:28
Diff. Vortag
+8,86 %
Tages-Vol.
--
Gehandelte Stück
402.777
Geld
21,50
Brief
22,50
Zeit
20.04.07 12:45
Spread
4,4%
Geld Stk.
0
Brief Stk.
0
Schluss Vortag
19,75
Eröffnung
19,75
Hoch
22,50
Tief
19,75
52W Hoch
19,00
52W Tief
11,00
Split
--
www.goindustry.com/data/GoIndustry_prelim_statement_240407.pdf
Statt über 7,409 Millionen britischer Pund Verlust in 2005 lag in 2006 ein Gewinn in Höhe 902.000 brititschen Pfund vor. Zu Dollarwerten kommt man durch die Multiplikation mit 2 und zu Eurowerten mit 1,5. Der Umsatz stieg von 30,54 Millionen britischen Pfund auf 34,141 Millionen britischen Pund, das sind immerhin knapp 70 Millionen US-Dollar oder etwa 52 Millionen Euro. Dafür ist auch den letzten Kursanstiegen die Bewertung mit ca. 100 Million Dollar oder etwa 75 Millionen Euro noch immer absurd niedrig. Inbesondere wenn man das mit deutschen Internetbruchbuden vergleicht, die tief in den roten Zahlen stecken. Einen Vergleich mit der Bruchbude Abacho, die mit dem 13,4-fachen ihres Gewinnes bewertet wird, habe ich ja schon vorgenommen.
In thousands of Pounds Notes Year ended
31 December 2006
Year ended
5 January 2006
Revenue 2 34,141 30,540
Cost of Sales (14,889) (14,622)
Direct profit 19,252 15,918
Administrative expenses (18,213) (15,795)
Share based payments (517) (503)
Exceptional items:-
Actuarial gain / (loss) on defined benefit pension scheme 3 1,545 (457)
Exceptional operating charges 3 (349) (3,573)
Total administrative expenses (17,534) (20,328)
Profit/ (loss) from operating activities 1,718 (4,410)
Net finance costs (760) (980)
Exceptional finance costs 3 - (1,892)
Total net finance costs (760) (2,872)
Profit/ (loss) before income tax 958 (7,282)
Income tax expense 4 (56) (127)
Profit/ (loss) for the year 902 (7,409)
Die Bruchbude Abacho ist nicht mit 13,4-fachen Gewinn bewertet, die machen ja 27% vom Umsatz Verlust, sondern mit dem 13,4-fachen des Umsatzes.
Daher müsste das letzte Posting lauten:
Toller Turnaround Libuda 29.04.07 10:39
Statt über 7,409 Millionen britischer Pund Verlust in 2005 lag in 2006 ein Gewinn in Höhe 902.000 brititschen Pfund vor. Zu Dollarwerten kommt man durch die Multiplikation mit 2 und zu Eurowerten mit 1,5. Der Umsatz stieg von 30,54 Millionen britischen Pfund auf 34,141 Millionen britischen Pund, das sind immerhin knapp 70 Millionen US-Dollar oder etwa 52 Millionen Euro. Dafür ist auch den letzten Kursanstiegen die Bewertung mit ca. 100 Million Dollar oder etwa 75 Millionen Euro noch immer absurd niedrig. Inbesondere wenn man das mit deutschen Internetbruchbuden vergleicht, die tief in den roten Zahlen stecken. Einen Vergleich mit der Bruchbude Abacho, die mit dem 13,4-fachen ihres Umsatzes bewertet wird, habe ich ja schon vorgenommen.
In thousands of Pounds Notes Year ended
31 December 2006
Year ended
5 January 2006
Revenue 2 34,141 30,540
Cost of Sales (14,889) (14,622)
Direct profit 19,252 15,918
Administrative expenses (18,213) (15,795)
Share based payments (517) (503)
Exceptional items:-
Actuarial gain / (loss) on defined benefit pension scheme 3 1,545 (457)
Exceptional operating charges 3 (349) (3,573)
Total administrative expenses (17,534) (20,328)
Profit/ (loss) from operating activities 1,718 (4,410)
Net finance costs (760) (980)
Exceptional finance costs 3 - (1,892)
Total net finance costs (760) (2,872)
Profit/ (loss) before income tax 958 (7,282)
Income tax expense 4 (56) (127)
Profit/ (loss) for the year 902 (7,409)
Daher müsste das letzte Posting lauten:
Toller Turnaround Libuda 29.04.07 10:39
Statt über 7,409 Millionen britischer Pund Verlust in 2005 lag in 2006 ein Gewinn in Höhe 902.000 brititschen Pfund vor. Zu Dollarwerten kommt man durch die Multiplikation mit 2 und zu Eurowerten mit 1,5. Der Umsatz stieg von 30,54 Millionen britischen Pfund auf 34,141 Millionen britischen Pund, das sind immerhin knapp 70 Millionen US-Dollar oder etwa 52 Millionen Euro. Dafür ist auch den letzten Kursanstiegen die Bewertung mit ca. 100 Million Dollar oder etwa 75 Millionen Euro noch immer absurd niedrig. Inbesondere wenn man das mit deutschen Internetbruchbuden vergleicht, die tief in den roten Zahlen stecken. Einen Vergleich mit der Bruchbude Abacho, die mit dem 13,4-fachen ihres Umsatzes bewertet wird, habe ich ja schon vorgenommen.
In thousands of Pounds Notes Year ended
31 December 2006
Year ended
5 January 2006
Revenue 2 34,141 30,540
Cost of Sales (14,889) (14,622)
Direct profit 19,252 15,918
Administrative expenses (18,213) (15,795)
Share based payments (517) (503)
Exceptional items:-
Actuarial gain / (loss) on defined benefit pension scheme 3 1,545 (457)
Exceptional operating charges 3 (349) (3,573)
Total administrative expenses (17,534) (20,328)
Profit/ (loss) from operating activities 1,718 (4,410)
Net finance costs (760) (980)
Exceptional finance costs 3 - (1,892)
Total net finance costs (760) (2,872)
Profit/ (loss) before income tax 958 (7,282)
Income tax expense 4 (56) (127)
Profit/ (loss) for the year 902 (7,409)
CHIEF EXECUTIVE’S REVIEW
2006 was a great year for our Company. We grew the direct profit by 21%, increased our Online sales penetration to
36% and enhanced our position as the destination website for buyers and sellers of surplus industrial equipment.
Our results for 2006 have certainly validated the focus we have placed on several key operational initiatives:
•Sales alignment with the most significant and profitable growth opportunities:
Our salesforce is now aligned by key customer segments:
Corporates – Used Equipment Dealers – Bankruptcy & Insolvency – Asset Based Lenders
This has enabled the Company to deeply penetrate targeted verticals and focus lead generation activities more
effectively. Further we have launched an internal sales excellence development programme that is raising the
standard of client proposals and improving our win rate.
•Increased Online auction penetration:
In 2006 we conducted 465 Online auctions, an increase of 19% over 2005. Moreover our Online sales penetration
improved to 36%, up 11% on 2005. Indeed our UK business unit delivered Online sales penetration in excess of 60%,
which shows the potential to improve this position on a global basis in the years to come. In addition we beat our
record for the largest single lot sold Online during the year, as we sold a textile mill from Manila in the Philippines to a
company located in India for $3.9 million. GoIndustry has proved again that it possesses the capability to sell the
widest possible variety of equipment, at optimal prices, via its Online auction methodology.
•International marketing reach:
What began as an initiative to expand the strength and depth of our global buyer database, turned into a broader
drive to improve our marketing process. This resulted in some changes to our website architecture that drove a
dramatic increase in visitors. In 2006 the number of pageviews on our website increased by 73%. Amongst the
reasons for this increase in our web traffic was an initiative to improve our position in the natural listings of search
engines such as Google and Yahoo, together with an increased use of sponsored links from other related websites.
Furthermore we have invested in new software to make emails targeted towards our own databases more effective.
As a result during 2006 we sold equipment into 87 countries across the world (up from 75 in 2005), and we now have
more than 200 countries represented within our global buyer database.
•One global approach:
What began as six companies that were acquired in 2001, has evolved into a global business, with more than 275
employees in 15 countries across 3 continents. During 2006 we have taken major strides forward through training and
technology based initiatives that are helping us to build a learning and performance culture within the business. This
has resulted in the Company now having the confidence to retire its legacy brands (Henry Butcher International,
Karner & Co, Michael Fox International and Appelboom) during the first few months of 2007. Our employees and
customers have embraced this change in a positive fashion, and going forward we will trade exclusively under the
GoIndustry name on a global basis
2006 was a great year for our Company. We grew the direct profit by 21%, increased our Online sales penetration to
36% and enhanced our position as the destination website for buyers and sellers of surplus industrial equipment.
Our results for 2006 have certainly validated the focus we have placed on several key operational initiatives:
•Sales alignment with the most significant and profitable growth opportunities:
Our salesforce is now aligned by key customer segments:
Corporates – Used Equipment Dealers – Bankruptcy & Insolvency – Asset Based Lenders
This has enabled the Company to deeply penetrate targeted verticals and focus lead generation activities more
effectively. Further we have launched an internal sales excellence development programme that is raising the
standard of client proposals and improving our win rate.
•Increased Online auction penetration:
In 2006 we conducted 465 Online auctions, an increase of 19% over 2005. Moreover our Online sales penetration
improved to 36%, up 11% on 2005. Indeed our UK business unit delivered Online sales penetration in excess of 60%,
which shows the potential to improve this position on a global basis in the years to come. In addition we beat our
record for the largest single lot sold Online during the year, as we sold a textile mill from Manila in the Philippines to a
company located in India for $3.9 million. GoIndustry has proved again that it possesses the capability to sell the
widest possible variety of equipment, at optimal prices, via its Online auction methodology.
•International marketing reach:
What began as an initiative to expand the strength and depth of our global buyer database, turned into a broader
drive to improve our marketing process. This resulted in some changes to our website architecture that drove a
dramatic increase in visitors. In 2006 the number of pageviews on our website increased by 73%. Amongst the
reasons for this increase in our web traffic was an initiative to improve our position in the natural listings of search
engines such as Google and Yahoo, together with an increased use of sponsored links from other related websites.
Furthermore we have invested in new software to make emails targeted towards our own databases more effective.
As a result during 2006 we sold equipment into 87 countries across the world (up from 75 in 2005), and we now have
more than 200 countries represented within our global buyer database.
•One global approach:
What began as six companies that were acquired in 2001, has evolved into a global business, with more than 275
employees in 15 countries across 3 continents. During 2006 we have taken major strides forward through training and
technology based initiatives that are helping us to build a learning and performance culture within the business. This
has resulted in the Company now having the confidence to retire its legacy brands (Henry Butcher International,
Karner & Co, Michael Fox International and Appelboom) during the first few months of 2007. Our employees and
customers have embraced this change in a positive fashion, and going forward we will trade exclusively under the
GoIndustry name on a global basis
In 2007 we will continue to execute on the above initiatives, and in addition will introduce two new areas to focus on:
1.§Online Exchange Auctions
During the 4th quarter of 2006, we ran several pilot Online auctions that enabled us to build liquidity in specific asset
classes from multiple vendors in the same Online auction. This approach was developed in response to demand from
used equipment dealers seeking to move their inventory faster by leveraging our global platform. Initial results have
been encouraging and we will be looking to develop this type of Online auction sale significantly during 2007.
2. Geographic Expansion
As a result of the successful placing of 40 million new shares in April 2007, the Company has raised £6.6 million (net)
of new capital, some of which will be used to expand the business in key countries. During 2005 and 2006 we have
identified and secured a number of deals in both Italy and France that have generated significant profitable revenues.
As a consequence we have decided to build organically a business in each country, as there is a significant
accessible supply of quality surplus industrial equipment. Further, after an improved set of results in North America in
2006, we will be seeking to expand our sales team and activities in the world’s largest market.
One of the key objectives of our growth initiatives is to make the business more scalable and improve our ability to predict
revenue growth. We are doing this by increasing our focus on repeatable sources of business. The Online exchange auctions
are an example of this, as are corporate relationships like the one we signed with Dana Corporation in 2006. Until these
initiatives have reached scale, I would like to point out that our periodic growth in direct profit will remain somewhat difficult to
predict. There are two reasons for this. The first is our current dependence on large deals. During 2006 we executed more than 800 auctions and negotiated sales generating £19.3 million of direct profit. Of that figure more than 25% was attributable to our
20 largest deals. The second influencing factor is timing. Dates for auction sales are usually driven by the client’s need to be out
of a factory by a set deadline. This means that we have limited visibility of our project pipeline, typically 6-8 weeks.
In 2006 the Company continued to take advantage of the accelerating trend in the movement of industrial manufacturing from
North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts
attract a global audience to all our sales events and the Company enjoys an enviable reputation for conducting auctions in a fair
and ethical manner. Industry analysts estimate that the global market for surplus industrial equipment is in the range of $100
billion per annum. We estimate that less than 10% of this figure is sold at auction each year, while the majority of used
equipment is sold in smaller quantities by brokers and dealers, or in private direct sales facilitated via classified publications and
websites.
Although we are one of the largest organisations to operate in this sector, our market remains very fragmented. With Gross
Asset Sales in 2006 of £102 million ($199 million) GoIndustry still has negligible market share. However our strong technology
platform and experienced employee base leave us uniquely positioned to deliver significant growth in 2007 and beyond.
John Allbrook
Chief Executive Officer
25 April 2007
1.§Online Exchange Auctions
During the 4th quarter of 2006, we ran several pilot Online auctions that enabled us to build liquidity in specific asset
classes from multiple vendors in the same Online auction. This approach was developed in response to demand from
used equipment dealers seeking to move their inventory faster by leveraging our global platform. Initial results have
been encouraging and we will be looking to develop this type of Online auction sale significantly during 2007.
2. Geographic Expansion
As a result of the successful placing of 40 million new shares in April 2007, the Company has raised £6.6 million (net)
of new capital, some of which will be used to expand the business in key countries. During 2005 and 2006 we have
identified and secured a number of deals in both Italy and France that have generated significant profitable revenues.
As a consequence we have decided to build organically a business in each country, as there is a significant
accessible supply of quality surplus industrial equipment. Further, after an improved set of results in North America in
2006, we will be seeking to expand our sales team and activities in the world’s largest market.
One of the key objectives of our growth initiatives is to make the business more scalable and improve our ability to predict
revenue growth. We are doing this by increasing our focus on repeatable sources of business. The Online exchange auctions
are an example of this, as are corporate relationships like the one we signed with Dana Corporation in 2006. Until these
initiatives have reached scale, I would like to point out that our periodic growth in direct profit will remain somewhat difficult to
predict. There are two reasons for this. The first is our current dependence on large deals. During 2006 we executed more than 800 auctions and negotiated sales generating £19.3 million of direct profit. Of that figure more than 25% was attributable to our
20 largest deals. The second influencing factor is timing. Dates for auction sales are usually driven by the client’s need to be out
of a factory by a set deadline. This means that we have limited visibility of our project pipeline, typically 6-8 weeks.
In 2006 the Company continued to take advantage of the accelerating trend in the movement of industrial manufacturing from
North America and Western Europe to China, India and the emerging economies of Eastern Europe. Our marketing efforts
attract a global audience to all our sales events and the Company enjoys an enviable reputation for conducting auctions in a fair
and ethical manner. Industry analysts estimate that the global market for surplus industrial equipment is in the range of $100
billion per annum. We estimate that less than 10% of this figure is sold at auction each year, while the majority of used
equipment is sold in smaller quantities by brokers and dealers, or in private direct sales facilitated via classified publications and
websites.
Although we are one of the largest organisations to operate in this sector, our market remains very fragmented. With Gross
Asset Sales in 2006 of £102 million ($199 million) GoIndustry still has negligible market share. However our strong technology
platform and experienced employee base leave us uniquely positioned to deliver significant growth in 2007 and beyond.
John Allbrook
Chief Executive Officer
25 April 2007
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