New stock on the shelves; lets see how Supercart rolls - straight to the tills or prone to wobbling uncontrollably... Updates / comments from me, most-recent at the top:

Update 14apr05: Finals so-so, but negatives largely already known about, and enough cash for two years at 2004-rate, with fair chance of a better 2005+ as the negatives largely get resolved and the broader product-base sees customer keen-ness turned into increased revenues. Patience still needed. Update 20dec04: Further 2,000-trolley order from Caddie; that's another one in the bag, then, or iron in the fire, I suppose ;-) Update 16&17nov04: Director bought 24,000 worth at 12p, triggering one of the quick moves I mentioned above; up 37% today. Then Philip Richards, CEO of RAB Capital, bought 7%. He was not on the list of major shareholders beforehand. This may reduce the free float to about 14%, unless his holding arose from the shuffle on 7oct04 (see RNS), whence the free float would be 21%. Up another 6% today, after The Times' mention of yesterday's director buying. Update 16sep04: Interim results: pluses and minuses, giving reasonable grounds to expect bottoming of the share price hereabouts (~20p). Small trades can move this stock, though, so I'm expecting to have to tolerate say 50% downside in the volatility the next 6 months. But news of a good deal or two, and there could be some quick moves up, bringing the stock onto traders' radar, despite the spread. Any such moves could well fade out, though, until some confidence or popularity creeps into the stock - might need to give it a year or so. All IMO. Update 26jul04: Supercart received its first commercial order from its exclusive European sales and distribution agreement with Ateliers Reunis Caddie SA ("Caddie"). That certainly rejuvinated interest again, and with CEO Mike Wolfe saying "I look forward to announcing further progress in due course, maybe, just maybe we have seen the bottom? But we're not out from under the falling resistance line yet... [I bought some more today, BTW.] Update 7jun04: Libertas Capital Limited disposed of its entire holding of 600,000 ordinary shares; that must have been one of the factors depressing the share price. Fingers crossed, there are no other overhangs still to clear. But one must remember this stock is tightly held, so some offloading cannot be ruled out; one would hope, however, that any divestments would be done in an orderly way so as not to adversely affect the share price too much (ever hopeful!) Update 1jun04: SC. top of the percentage gainers list today, but no real explanation for the recent rise nor the preceding fall; have to put it down to trading pressure and MM activities; perhaps a large sale being worked off-book. Update 1may04: Well, it's been downhill most of the time so far :( Maybe some of this has been due to it being listed on, and maybe subject to shortling on, the Berlin stock exchange? Of course, conversely, more-bullish trading there can/would have a positive effect on the price in London...

Links: - Web site - http://www.supercart.com - AIM admission RNS - Fashion Windows article - Supercart: A New Alternative for Shoppers - Shopping carts - why you should change - They also do baskets... - Press releases

April08 =- 20% fall on almost zero-value.

-yet no news. . . . . . anyone?

Supercart PLC
01 May 2008

1 May 2008

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

Preliminary results for the 12 months to 31 December 2007


Chairman's statement

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

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

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

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

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

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

Results

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

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

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

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

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

South Africa

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

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

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

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

North America

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

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

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

Europe

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

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

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

Australia

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

Product Development

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

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

Outlook

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

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

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

Victor Segal
Chairman


Consolidated income statement for the year ended 31 December

Been in this one for a while nice to see movement in the right direction, onwards and upwards.

Once the North American market is cracked this could well be a super share, what do you think ajcc?

This is another stock that appears to require postings of "Co. RNS" and similar.

It worries me that today's RNS (DYOR) includes the comment "...significant further order.." which surely implies that the earlier Order has been supressed; for it is unlikley that a follow-up order would be received just minutes later.

Nice for investors to know the company is still alive, although I suspect it should be listed in USA and hasn't proved itself in the UK where wire-trolleys seems to be the norm, other than as hand-baskets where low-weight is important to encourage shoppers to use one. It's not for me, however, just look at the graph.

EDIT (2May2012):- up 25% 1.25p Huh! -on possible Buy of £6k-worth with a definate Sell of £800 - so presumably a rise to catch the unwary?

This is just a crap trolley... 4.5p a piece.