SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Delisted >

Groupe Gorge ADR (fka GGRGY)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 11/20/2017 4:11:28 PM - Followers: 4 - Board type: Free - Posts Today: 0

http://www.groupe-gorge.com/

French Engineering firm Groupe Gorge, who launched their new 3D printing division at Euromold 2013 last month, announced projections for their 3D printing revenues today. The company's shares will also begin trading as a level 1 sponsored ADR through the Bank of New York Mellon under ticker GGRGY as of today.

 

Groupe Gorge

Revenue Growth

In two years, Groupe Gorge is targeting to "attain and then exceed" €5 million in monthly revenues from 3D printing, or 81.7M  $US annually. This is approximately equal to the trailing twelve months of all revenue from both voxeljet (VJET) and Arcam AB (AMAVF)...combined. Time will tell if this aggressive target is achieved, but I believe it's well within the realm of possibility due to the proprietary technology of their Prodways lineup of industrial 3D printers.  According to CEO Raphael Gorge in a previous interview, the Prodways machines have the following competitive advantages:

"Two major competitive advantages are brought to industrial users: unparalleled perfection of the parts produced and distinctly improved profitability. Prodways technology provides a world record in resolution and precision even on large parts, and permits the use and development of premium material."

Prodways machines provide:

 

Sponsored American Depository Receipt (ADR) ticker GGRGY

Due to U.S. investor demand for shares, the stock will now trade as a Bank of New York Mellon sponsored level 1 ADR under ticker GGRGY.  The company will also release financials in English going forward.  I believe analyst coverage of Groupe Gorge will soon follow.

Big Win From Subsidiary Announced Yesterday

In other positive news, just yesterday Groupe Gorge announced a major international order for land-based defence driving simulators.  and the order "considered as a significant amount, will be booked over several financial years".  This additional revenue will from Groupe Gorge flight and driving simulator subsidiary, ECA Faros.

 

High Revenue Growth with Comparative Value

A quick look at market caps and trailing twelve month PE ratios of closest rivals in size indicates comparative value.

Company

Market Cap

Trailing PE

Dividend History

voxeljet

$407M

NA

No

Arcam

$603M

163

No

Groupe Gorge

$335M

83

1.5% indicated gross yield

 

The Bottom Line

3D printing investors may want to research Groupe Gorge in greater detail. They may find what I did- a high growth company running on all cylinders that's now entering 3D printing with a comparatively modest PE ratio.  Moreover, the company's innovative Prodways 3D printer technology may very well be the driver of a big (and fast) jump in revenue.

 

For more articles on Groupe Gorge see:

SureTrader
Interactive Brokers Advertisement
PostSubject
#20   GGRGY: ADR program terminated. FINRA deleted symbol: Renee 11/20/17 04:11:28 PM
#19   Taking off today! Harv22 01/05/15 09:20:48 AM
#18   Annual stockholder meeting is tomorrow. Harv22 06/17/14 02:58:09 PM
#17   How can GGRGY be down 5% today and Harv22 06/17/14 11:50:19 AM
#16   GGRGY will need patience. pkdaddy64 04/05/14 07:17:04 PM
#15   Nice, This is one of the Top 3-D pkdaddy64 02/20/14 05:10:41 AM
#14   http://www.groupe-gorge.com/ftp/article/275/CP_GG_orderK20_Prodways_ENG.pdf Mr3Deeprint 02/14/14 11:38:32 AM
#13   Thank you. That's very nice of you. chef911 02/13/14 09:24:19 AM
#12   I will check with the Company. I will pkdaddy64 02/12/14 12:29:33 PM
#11   Something is wacky with the quotes. Past few chef911 02/12/14 12:21:37 PM
#10   Something is wacky with the quotes. Past few chef911 02/12/14 12:21:37 PM
#9   Well we did get another 60 shares bought pkdaddy64 02/06/14 04:48:32 PM
#8   Wow! 1 share has traded Today. pkdaddy64 01/22/14 03:55:51 PM
#7   NICE MOVE FRIDAY. The Big Wheel 01/19/14 09:45:19 AM
#6   ATS wuz here :) AnG5640 01/18/14 02:33:42 PM
#5   Is this strictly a European company? cakesgood 01/17/14 11:57:39 AM
#4   I put my order in at the ask, Blazerpounds 01/17/14 11:48:50 AM
#3   Thanks pkdaddy64 01/17/14 08:31:12 AM
#2   GGRGY sweet find daddy [SMART MONEY] 01/17/14 08:29:49 AM
#1   New 3-D ticker, Going to be one of pkdaddy64 01/17/14 05:15:14 AM
PostSubject