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CEO - C@ Limited

Discussion in 'Stocks 0-H' started by son of baglimit, Dec 20, 2005.

  1. surelle

    surelle

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    are they exhibiting, or just attending. If they are just attending, sorry son, it doesn't mean much yet
    Not cynical, just putting it into perspective :2twocents
     
  2. son of baglimit

    son of baglimit

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    hi surelle - confirmed, they are exhibiting....nice.
     
  3. surelle

    surelle

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    "they are exhibiting....nice."

    if thats the case then they are certainly ready to become a player in the market, they are obviously targeting the UK and Eurpoe markets..that is good news..
     
  4. son of baglimit

    son of baglimit

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    wasnt todays moves nice to see - and thats after just the 1st roadshow to prospective optoms - the east coast begins soon.

    my spies tell me CEO are well above forecast outlets by July 1 - had planned 25 - a good % above i am told.

    keep those opinions coming.
     
  5. Bobby

    Bobby

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    Well son of baglimit, looking back on your posts about this stock = dead dog stuff for months , whats happening REAL
    now ? :confused:
    Bob.
     
  6. son of baglimit

    son of baglimit

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    dead dog stuff ? - yes its the real deal now - next friday sees completion of the next round of roadshows - by then we will know.
     
  7. son of baglimit

    son of baglimit

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    officially past forecasts with more to come prior to july 1 - completed roadshows yesterday - for the moment - when the calls start coming thru asking 'hey can you run that by me again ?', it'll be too late.
     
  8. son of baglimit

    son of baglimit

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    a journo friend says buy thursdays australian
     
  9. chennyleeeee

    chennyleeeee

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    I'll like to see some better cash flows before I venture into this company. Yes they are expanding like crazy but you cant just go on a spending spree. Its on my watchlist for now. Consolidation needs to be managed very effectively or else they'll crash and burn, other firms like CAJ and ONT are also consolidating independent practices around the country (in dentistry) and at least they are doing it slow with postive cash flows every year and dividends. Personally I would rather invest in them than this one.

    CHEN
     
  10. son of baglimit

    son of baglimit

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    who is going on a spending spree chen ? not this mob - the optoms coming on board are not purchased, the are more like franchises, but a lot better for the shop owner. the beauty of this mob is they dont need to spend anymore - its just cover the daily costs and watch the cash roll in.
     
  11. son of baglimit

    son of baglimit

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    for those who missed it, here todays article :

    C@ (CEO) 18c

    PSST. Wanna buy some glasses. We've got DKNY, Gucci, Versace, Mikli - we've got all the latest fashions.

    In fact, just for you, we'll knock down the price to $400 a pair.

    That's cheap, and everyone will see how cool you are.

    Or will they?

    Everyone can see the brand of shoes you're wearing, but can they spot the tiny Dolce & Gabbana label on the specs?

    If it's got a brand name, it appeals to consumers.

    The national optometry market is dominated by OPSM, with the rest a mishmash of independent and co-operatives trying to get purchasing and marketing power.

    Perth-based C@ (pronounced see-at) reckons there is a dollar to be made by cutting out a few links in the process from factory to face, namely the brand owners and the distributors.

    Not that its glasses will be cheap imitations. They will simply add their own 11 brands to the 1000 that are already out there.

    A national roadshow saw 26 stores sign on to start receiving the group's frames and lenses, with a rollout expected to start on Saturday. The group will not charge them for stocking its product, rather leaving the optometrists to determine their own price and then invoicing them monthly for all stock sold.

    The spectacle game is one of high margins. While costs are a closely guarded secret, you can get some idea from the fact that the group raised $2.5 million and has at least 48,000 frames in its inventory.

    Even if it spent it all buying the 48,000 frames, that equates to only about $52 a frame - a fraction of the usual retail value.

    A more educated guess would suggest the frames cost much less. The key for C@, however, is not selling the frames, but getting a marketing foothold.

    OPSM is easily the biggest advertiser, and a national branding campaign should not be too far away for C@.

    About 90 per cent of independent practices spend less than $1000 a year promoting their stores, while OPSM spent $4.6 million in 2005.

    If C@ can market its brand through the independent businesses, it will give it a louder voice in the retail market.

    In fact, if C@ can avoid the usual pitfalls for a fledgling company - poor management decisions, heavy debt obligations, ugly product - then the only downside could be corrective laser surgery or others hitting on the same idea.

    But chief executive Andrew Gay said even corrective surgery would not totally eliminate the need for reading glasses in many cases.

    The group has given itself a goal of signing up 300 optometrists within five years. Management is on a deal whereby they can only pick up options if the share price hits a set VWAP. For next year, the stock price has to average 50c for 10 days by June 30 for both Mr Gay and director Kevin Holland to help themselves to 3 million 20c options.

    We rate C@ a SPECULATIVE BUY, given the conditions placed on management and the idea that it should be cash flow positive from August.
     
  12. Bobby

    Bobby

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    Hey Bag do you hold this stock ?

    Bob .
     
  13. surelle

    surelle

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    great article, but then why is it falling???? :confused:
     
  14. son of baglimit

    son of baglimit

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    of course i own bobby - since day 1 - grabbed those oppies that were dumped @ 3c . hehehe.

    surelle - its just lack of coverage - have to await sep qtr report probably for market to start to understand who they really are.

    and by then..........
     
  15. surelle

    surelle

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    i'm waiting, waiting waiting, hanging in there son... :)
     
  16. son of baglimit

    son of baglimit

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    hoping for announcement today to advise of number of shops that come on board - the 26 quoted didnt have time to include any recruited by the eastern states roadshows - and probably some others from wa too.

    be patient.
     
  17. surelle

    surelle

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    oh, i'm a veeery patient person :D hope its a good one
     
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