Groupe Gorge SA (EU:GOE) (GGRGF)

[Schris]

New post on 3DPrintingStocks.com


Groupe Gorge (GOE) Now Trading in US During Regular Market Hours. Symbol: GGRGF
by Gary Anderson

I received confirmation from my online broker that shares of Groupe Gorge have begun trading in the US market during regular trading hours under symbol "GGRGF" on the pink sheet quotation system.

My understanding is that this symbol should be recognized by all online brokers within the next few days, and should trade in close relation to GOE on the Euronext exchange. Benefits are that those with online brokers who don't offer foreign exchange trading will be able to trade shares of the Gorge Group, and won't encounter foreign currency exchange transaction fees.
Those who haven't met Groupe Gorge as an investment opportunity can read more about the company in my recent articles:
The Best 3D Printing Stock to Buy Now is One You Haven't Met (12/9/13)
Interview With Groupe Gorge CEO, Raphael Gorge (11/29/13)
Groupe Gorge: The Newest 3D Printing Stock (11/29/13)

Disclosure: I am long shares of the Gorge Group. I received no compensation from Gorge Group or any third party for this article.
Disclaimer: See site disclaimer on left of page.
Gary Anderson........Follow me on Twitter: @3DPrintingStock
Gary Anderson | December 10, 2013 at 12:12 pm | URL: http://3dprintingstocks.com/?p=5888

[Schris]

If Groupe Gorge owns 88% of Prodways, who owns the other 12%.

Did the founder keep 12%?

Just wanting to know who owns the 12%.

I believe the founder was one of the original guys from 3D (DDD).

[BiotechValues]

TCT magazine out this morning with:

"Newcomers Prodways were removed somewhat from the hub of the hall because, as Raphael Gorgé, CEO explained, it booked the stand late and had to settle for the top of the hall. The pull of the new company and its intriguing tech was sufficient for its stand to be packed for the duration of the even however, with visitors queing three- and four-deep to get a glimpse at the large-scale DLP based production system."



http://www.tctmagazine.com/blogs/jwblog/euromold-roundup-2013/

[downtrade]

Groupe Gorge SA's Prodways receives order for 3D printer

http://www.reuters.com/finance/stocks/GOEG.PA/key-developments/article/2883984

[BiotechValues]

https://europeanequities.nyx.com/sites/europeanequities.nyx.com/files/cpr05_actus_34322_FR0000062671.pdf

[BiotechValues]

pdb2- If you think you're going to come here and act like you do on Yahoo, you're sadly mistaken.

This isn't Yahoo.

[uksausage]

I think the lack of PR just shows they are a French company focused on business.
Suggesting Gary was pumping whilst sharing and quoting another site link is ridiculous.
You can have your opinion on the company and it's 3D offerings but saying no PR means he was pumping is an incredible jump in logic.

[BiotechValues]

It's going to be nice when management either gets and ADR quoted with a few market makers, or (possibly) moves the stock to a US exchange.

In time, I'm confident one or the other will happen. That's partly why I think it's a great opportunity here for those willing to put in the extra work to get shares now. Once they're as easy to buy as AMAVF or DDD, then the stock will really start getting more traction IMO.

Think Groupe Gorge is ready to compete in the US?

I do. Raphael Gorge is a competitor- came in second in the global Ironman triathlon 2013 XC (Executive Challenge)


http://www.ironman.com/triathlon/organizations/ironman-xc/results/2013/ironman-world-championship.aspx#axzz2mmlxndFB

[toabb]

FINU is correct

[uksausage]

Has anyone bought through Interactive Broklers? I keepo seeing a symbol FINU when ever I search for Group Gorge in their TWS system.

[abrooklyn]

Ditto

[Schris]

Here is a good article by Gary on Groupe Gorge.


http://3dprintingstocks.com/best-3d-printing-stock/


I share his positive sentiment to the tune 2,500 shares.

[BiotechValues]

More press on the Gorge Group and Prodways machines

http://3dprintingindustry.com/2013/12/08/overview-prodways-technology/



http://3dprinting.com/news/euromold-2013-interview-prodways/

[beach_trades]

Going to get some next week

Early bird catches something

[downtrade]

Thanks for the links!

[sttone]

Thank you Gary.......your tireless efforts are much appreciated here and elsewhere.
I particularly like the mention of the patent acquired from 3D and GOE management recognizing the value of the neglected patent and obtaining permission to use it. AND SUCCESSFULLY.

[BiotechValues]

Nice coverage of Prodways in TCT Magazine

http://www.tctmagazine.com/euromold-news/getting-to-know-prodways-better-at-euromold-2013/

[BiotechValues]

Found this on twitter- 1st sale at Euromold?

I think GOE got a contract at Euromold with a dental company- original article in French....


http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.usinenouvelle.com%2Farticle%2Fprodways-sur-les-bons-rails.N223931

"A large company in the dental industry has signed a contract EuroMold. As is often impossible to find out more. Nor, indeed, on sales targets, obviously far superior to twenty machines sold in three years by Phidias"

[downtrade]

Good to know!

I also like this part a lot ;) CEO surely is ambitious.

[BiotechValues]

I like! I like!

Especially:

"This technology will revolutionize the field of 3D printing because it is the only one in the world that answers simultaneously the two major market’s key expectations: on the one side, very high quality of the parts produced in terms of resolution, precision and premium materials, even on large parts, – an unparalleled perfection level in the market to date- on the other side production profitability in terms of speed, productivity and reductions in production costs. These two major advantages bring a major competitive advantage to our industrial clients, including the biomedical field.”

And the stock has a forward PE under 30 and pays a dividend. I called my broker (Fidelity) and asked about the dividend- should they decide to continue paying it, you do get the income or can reinvest in more shares, even as an American.

Sweet.

[downtrade]

Interview with CEO

http://3dprinting.com/news/euromold-2013-interview-prodways/

[downtrade]

If support at 10.61/10.62 doesn't hold, we could see ~10USD again.

I agree that we will see higher prices if US discovers Prodways/Groupe Gorge. However, although Prodways is a pure 3D play it belongs to Groupe Gorge, which means that it's not a pure 3D stock. IMO this is not something to worry about but it can have advantages as well as disadvantages for PPS development.

[BiotechValues]

I added a little more this morning. You can still buy it on the bid- a lot of long term shareholders looking to take their profits with stock at a 5 year high. I think it could drift lower a bit more on light volume (?). But if you know what you own here and the market/products they have, then you are happy to buy at this level.

Arcam didn't have any following in the US, traded much the same at first. Give it time and this will be moving like all the others IMO.

[enterspacecapsule]

You're lucky. I'm in Australia, so my entire 3D portfolio is in currencies other than mine! Plus the huge international brokerage fees... and the horrendous trading hours on the US market!

With a long timeframe, I take the view that each individual 3D stock is likely to end-up either enormously higher in a number of years, or worthless. Currency fluctuations don't stand-out as a critical factor for me when I'm looking at stocks that will go up 100%+ or to $0. This whole sector is such a rare opportunity.

I've got over 10% of my portfolio in GOE.

[Schris]

Gary - Great article.

Happy to see Prodways talked about in a good way.

I did not read anything about MDDD or CAMT.

[BiotechValues]

Nice recap of EuroMold Day 1 by 3DPrintingIndustry.com

GOE got noticed...

http://3dprintingindustry.com/2013/12/04/euromold-2013-day-1-report/

[Schris]

Anyone with news on how the show is going in Europe please let us on the other side of the pond know.

I hope the new printers are well received.

[downtrade]

Difficult to compare both, but concerning PPS development in the next months you could be right.

[sttone]

As a followup to my previuos post, it is my understanding that each technology is totally different with each separately improving reliabilty and throughput many fold. In this case, the blending of the two would be a really significant improvement.

[sttone]

Thank you for your continued education process with respect to 3D printing. With that,

I was wondering if GOE's MOVINGLight technology with UVA LED and moving DLP is a competitor or a complement to SGLB's PRINTRITE3D/IPQA. Can you provide the answers and if they are complementary do the CEO's of each know about each other? And if not how about an introduction?

As GOE is not a pure 3D printing company, will this affect the leverage of the share price?

CAMT is also not a pure 3D printer company but their experience of the PCB industry sure just raised their market cap today with just a hint that they were. I would guess that the stock was purchased under that misconception. But so what, happy are the people that got in this AM.

Thank you in advance.

[BiotechValues]

Prodways expanded their web site today

Lots of great info in here:

http://www.prodways.com/en/

This is without a doubt my favorite 3D printing stock at current pps.

I think it's the next to move like Arcam did as people discover it, and may move faster because the CEO is clearly reaching out to English-speaking audiences early on (far more than Arcam has), and is not opposed to moving shares to US exchanges if share price doesn't trade up to level of peers.

[mstrike]

I agree with all your posts and your thoughts.Thank you for your insights!
I was trying to find out if I did the right thing buying the first time in the monday morning, European time...:). Is not the currency that disturbs me for now, but the float and the interest for 3d industry in Europe. I only hope this great company will attract as many investors as possible worldwide. I am aware that only time will tell...Yet, I also hope they will list on US exchange and I will jump on that boat, too...

[downtrade]

Depends. Obviously, 1USD = 0.738EUR can be an argument against investing in this one at the moment, if USD appreciates after buying the stock. But USD could also continue to depreciate or the stock could make +10% before you decide to buy, whereas your currency related loss might be only 5%..

Regardless of the currency issue, without having the stock in US, volume remains under its potential IMO.

[mstrike]

So maybe is better to wait for listing in US?

[BiotechValues]

Agreed on both points. What I like about GOE right now is that it's NOT trading on a US exchange.

The extra step or two involved in buying shares on the NYSE Euronext will discourage some US investors from bothering to buy it, regardless of the deep value (IMO) it represents here compared to peers.

But the beauty of it is, the CEO has a background in both engineering and finance. He's also the majority shareholder.

And he said yesterday that if the shares don't perform on the NYSE Euronext..."If this was to last for long, we could envisage any financial strategy that enables us to reach the huge financial leverage our competitors have."

So it looks like he wants to wait and see how the stock does trading there first.

So either:

1. The stock appreciates a great deal from here on the NYSE Euronext

or

2. he'll simply move trading to the NYSE or Nasdaq. They meet requirements for listing here and any vote to do so would be approved if he wants it to as the majority owner.


Raphael Gorge is no dummy.

[downtrade]

The only real thing you have to keep an eye on when trading with different currencies is the exchange rate as changes can increase/decrease the effect of changes in share price.

BTW: If Groupe Gorge will be traded in US, then this will probably affect the PPS in Europe as it almost always does.. If US market sees the price at 15USD, then the price in Europe will follow with current exchange rate as volume will be higher in US IMO

[BiotechValues]

Love the GOE chart - breakout starting.

[BiotechValues]

Prodways machines getting press now. This out today:

http://www.b3dgeable.com/2013/11/29/prodways-new-gen-3d-printers-ready-to-compete-against-market-leaders/?utm_source=rss&utm_medium=rss&utm_campaign=prodways-new-gen-3d-printers-ready-to-compete-against-market-leaders

[BiotechValues]

If they were to decide to move to a US exchange, nothing really happens with the shares now trading on the NYSE Euronext.

It only means that the shares would be bought and sold via the Nasdaq or NYSE in the U.S. There is no change of share count- the exact same shares/number of shares would be bought/sold thru a different exchange.

This CEO has a background in finance and he also owns 65% of the shares, so I think that's why he seems very open to the possibility of having the shares trade on a US exchange.

That's why he said: "The potential of 3D printing is almost unknown on European stock market. If this was to last for long, we could envisage any financial strategy that enables us to reach the huge financial leverage our competitors have."

So I take that as if the shares don't appreciate in value to where he believes they should as compared to US listed stocks like SSYS, DDD, XONE that he'll move over to a US exchange.

[mstrike]

From your knowledge, if they list on US exchange, what will happen w/ the Euronext shares? Will they follow the US share price trend? I am asking this because I think that in Europe 3d industry is as popular as it is in US, so the share price will be higher in States...It will be some kind of a simetry, or what? As a disclosure, I am already in....:) Thx!

[downtrade]

I like the whole picture of the company and I'm looking forward to the next months. Having André-Luc Allanic in the team who actually left 3DSystems to realize his own project and now being part of Groupe Gorge looks very promising to me.

[Schris]

Looks like one of the 3 different accounts that I have was able to get in today. I did not think they could make this happen. Here is what they did for me:

"Turns out that we can. We bought 2500 shares for you at 11.4 euros. That comes out to around $39k in dollars. The trade was in euros, but it will settle in dollars."

I made the mistake of not jumping quickly on some of Gary's earlier finds. I did not want to miss out on this one. I feel it will fly for the following reasons:

1. Low valuation for a 3D company
2. Great ties back to 3D (DDD)
3. Big show in Europe next week where they will be displaying their printers
4. Since they are currently trading on the NYSE Euronext they are more difficult for the average American Investor to acquire. Once they are more popular others will figure out how to buy in. I believe the price will be much higher.
5. I feel they will soon either turn into an ADR or ADS (prefer ADS)
6. They have an EPS (I prefer a company that is making $$)
7. Like all new 3D printing companies, they are always subject to being acquired by one of the big boys.

GLTA!

[Oscaro]

I tried and it won't let me :/ I have to do a currency exchange first (and e-trade is going to take a bite out of that too).

I was just placed on a 90 day restriction for a stupid selling mistake I did 2 days ago. So looks like I'll be sitting on the sidelines on this one.

[BiotechValues]

See if you can trade in USD and then they'll settle it in euros a minute or two later- at least that's how it worked for my account.

[Oscaro]

Etrade: Set up trading

I had to go into global markets, and active a global trading account. Haven't been able to trade yet, as it appears I now have to exchange US into Euros and then buy.

Any other way to do this that you guys know of?


Also, try this symbol instead: B06BGH5: PAR

[BiotechValues]

And parent company Groupe Gorge has a PE of about 30 plus a history of paying dividends to shareholders.

With the combination of strong fundamentals and what looks like very impressive technology (to me anyway), I suspect it will be the best performer going into eoy.

When Prodways was a basic one man operation by the inventor/founder (a former top scientist from 3D Systems), they managed to sell 17 machines in 3 years- mostly to a demanding German customer base.

I expect those numbers to ramp significantly with the engineering and marketing capabilities of Groupe Gorge.

[downtrade]

Promising.

http://prodways.com/en/pdf/prodways-press-en.pdf

[mstrike]

I am in! Good luck!

[mstrike]

Sorry! Wrong appellation....may i have an answer anyway? Thank you!

[BiotechValues]

Good question- I think 5 years ago it wasn't as easy as it is today. For me all it took was a 2 minute phone call to add international trading to my Fidelity account. Otherwise trading was identical.

If investors in the US want a 3D printing stock that doesn't carry a PE of 150, then they'll take the time to research Groupe Gorge and discover what a great value the company is here by comparison, and they'll take the time to get up earlier in the morning and invest in it (I think).

As this company gets more coverage, it's going to keep going higher to trade a multiples closer to peers like SSYS and DDD.