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VSH Venue Sol

0.525
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Venue Sol LSE:VSH London Ordinary Share GB00B0T4GP95 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.525 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.525 GBX

Venue Solutions (VSH) Latest News

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Venue Solutions (VSH) Discussions and Chat

Venue Solutions Forums and Chat

Date Time Title Posts
19/12/201213:59VSH743
24/12/200811:02VSH With Charts & News18

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Venue Solutions (VSH) Top Chat Posts

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Posted at 22/9/2009 14:34 by backmarker
I guess I'm the last idiot left holding this cr*p.

At least they are managing to pay some of their debts in shares and at 2p per share that's not too dilutive. But will they have to raise cash in the near future.

They are hoping to get YourDay going again at Alton Towers. But with just a few weeks left of this year you wonder how much good that will do. On the other hand, since everything is already in place, the restart costs should be minimal.

Here's hoping.
Posted at 22/9/2009 14:30 by backmarker
RNS Number : 3901Z
Venue Solutions Holdings PLC
21 September 2009

?
21 September 2009


Venue Solutions Holdings Plc
("Venue Solutions" or the "Company")


Further re: Issue of Equity
Resignation Of Director
Change of Registered Address




Issue of Equity


The Company announces that further to the announcement made on 12 August
2009, concerning the issue, to directors and certain other parties, of
45,866,350 ordinary shares, it has today issued a further 12,000,000 new
ordinary shares at 2 pence per share.


10,000,000 of the new shares are being issued to The Roeder Settlement in order
to satisfy the repayment of loans amounting to GBP200,000 provided to the
Company and the balance to a consultant in lieu of outstanding consultancy fees.


The shareholdings of the directors and other certain significant shareholders
following the above share issues will be as follows:


+-----------------------------------------+---------------+---------------+
| Director | Total | Percentage of |
| | Shareholding | issued share |
| | | capital |
+-----------------------------------------+---------------+---------------+
| Oliver Iny | 15,000,000 | 11.76% |
+-----------------------------------------+---------------+---------------+
| Oliver Iny interest in Trust^ | 5,962,001 | 4.67% |
+-----------------------------------------+---------------+---------------+
| Stephen Thomson | 5,089,000 | 3.98% |
+-----------------------------------------+---------------+---------------+
| Jacqueline Dunphy | 1,300,000 | 1.01% |
+-----------------------------------------+---------------+---------------+
| | | |
+-----------------------------------------+---------------+---------------+
| Shareholders with 3% or more of the | | |
| issued share capital | | |
+-----------------------------------------+---------------+---------------+
| | | |
+-----------------------------------------+---------------+---------------+
| Lowell Hanson | 10,400,000 | 8.15% |
+-----------------------------------------+---------------+---------------+
| The Roeder Settlement Trust | 10,000,000 | 7.84% |
+-----------------------------------------+---------------+---------------+

^ - Shares are held by Starlake Limited, which is owned and controlled by the
Teak Trust of which Oliver Iny is a potential beneficiary. In addition,
Starlake Limited holds 997,603 non-voting Preference Shares of GBP1 each.


The Company has applied for the 57,866,350 new ordinary shares to be admitted to
trading on AIM and Admission is expected to commence on 25 September 2009.


Following the issue of the above shares the Company will have 127,576,349
ordinary shares in issue.


The Company has also agreed to issue a further 1,000,000 new Ordinary Shares, to
satisfy unpaid employee expenses.


The Company currently does not have the necessary authorities to issue these
shares and as a consequence will be required to convene a general meeting of its
shareholders to approve resolutions to grant new authorities to the directors to
allot shares generally. The Company intends to convene such a meeting shortly
and a further announcement will be made at that time.


Issue of Warrants


The Company announces that as part of the fundraising arrangements discussed
above it has also issued to The Roeder Settlement Trust 4,000,000 warrants to
subscribe for new ordinary shares at 2 pence per share which are capable of
being exercised on or before 31 December 2019.


The Directors wish to thank all the parties that have agreed to convert their
loans or outstanding debts into shares for their patience, support and
forebearance during a difficult time.


Related Party Transaction


As part of the issue of 45,866,350 new ordinary shares, which was announced on
12 August 2009, Oliver Iny, Stephen Thomson and Jacqueline Dunphy subscribed for
15,000,000, 5,000,000 and 1,300,000 ordinary shares, respectively. The shares
were issued in satisfaction of loans provided to the Company.


Owing to their participation in this share issue the directors of the Company
are considered to be related parties for the purposes of the AIM Rules. In the
event of such transactions, the Independent Directors of the Company are
required to confirm, following consultation with the Company's Nominated
Adviser, that the transactions are fair and reasonable insofar as the Company's
shareholders are concerned.


As all the directors of the Company were participating in the share issue there
was no Independent Director able to provide this confirmation. Ordinarily the
requirement for such a confirmation would then be passed onto the Company's
Nominated Adviser. However, the Company's Nominated Adviser resigned on the same
day and the Company was therefore unable to comply with the AIM Rules at that
time.


Following the announcement of its appointment as the Company's Nominated
Adviser, John East & Partners Limited ("JEP") has reviewed the background and
terms of the share issue to the Directors of the Company and consider them to be
fair and reasonable insofar as the Company's shareholders are concerned.


In giving this confirmation, JEP has taken into account the fact that the
conversion terms were consistent with those that were applied to other providers
of loan finance and to those parties receiving shares in lieu of outstanding
liabilities.


Update re Company Voluntary Arrangement ("CVA") and Financial Position


The Company announces that further to the announcements made on 8 July 2009 and
23 June 2009, the Board continues to pursue discussions with potential investors
to raise not less than GBP200,000 to satisfy the obligations under the CVA.


It is anticipated that the above funding will be provided as part of a placing
of new ordinary shares. It is envisaged that shareholders will be required to
approve, at a general meeting, the necessary authorities to issue new shares as
part of any fundraising.


The Company is also seeking to raise additional funding to provide the necessary
working capital to re-commence operations at the Alton Towers theme park before
the park closes for its annual twelve week maintenance period on 8 November
2009.


A further announcement will be made once the Company has finalised these funding
arrangements.


Publication of Results


As shareholders will be aware the Company has not yet published its audited
financial results for the year ended 30 November 2008 and unaudited interim
results for the six month period ended 31 May 2009. The Company is currently in
the process of preparing these results and expects to announce them on or before
8 November 2009.


In the event that the Company is unable to publish its results by 8 November
2009 trading in the Company's ordinary shares on AIM will be cancelled.


Resignation of Director


The Company announces that Ray Harding resigned as a non-executive director of
the Company on 5 November 2008. The Company is currently seeking to strengthen
its Board through the appointment of additional directors including an
additional independent non-executive director and a finance director. Further
announcements will be made once these appointments are made.


Change of Registered Address


The Company also announces that its registered address has changed to 38 Upper
Brook Street, London, W1K 7QN.
Posted at 16/4/2009 19:21 by backmarker
it will be interesting to find out just what rights VSH has over the Yourday patents.
certainly VSH's shareholding in Yourday is worth zilch.
Posted at 03/4/2009 08:44 by treacle28
' If it materialises, it is to be hoped that it will be at or above the value of the investment approaches received by the Board in the Summer. At that time, Mr Iny rejected a proposed investment of 4 pence per share as too low and dilutive. With the share price now moving between 0.5 pence and 1.5 pence, it is to be hoped that the terms he secures will be better and that the Venue Board will make full disclosure of the identity of any new investor and the terms on which such investor makes its investment. It is also to be hoped that the Board of Venue will soon make a clear announcement of its future strategy, long term funding arrangements and management structure'.
Posted at 03/4/2009 07:54 by treacle28
dell314 - 3 Apr'09 - 07:51 - 636 of 636 (Filtered)

There was money on the table at 4p which was considered too low...early start for you...you off to the LSE site now having already been on iii?

2nd DECEMBER UPDATE

Venue has announced the insolvent winding up of VSL. The Board states that VSL was a non-operating company but it has produced most of the revenue ever generated by the Venue Group. With Alton Towers shut for the winter, Venue currently has no source of revenue. Shareholders will be aware that, now it has been ejected from its offices and sacked most of its staff, Venue's major ongoing cost is that of its Board. The announcement of new capital, though welcome, provides only partial information. We believe that the £210,000 subscription may have taken place some time ago and may already have been used to meet existing debts and obligations. The remainder of the investment is not yet firm. If it materialises, it is to be hoped that it will be at or above the value of the investment approaches received by the Board in the Summer. At that time, Mr Iny rejected a proposed investment of 4 pence per share as too low and dilutive. With the share price now moving between 0.5 pence and 1.5 pence, it is to be hoped that the terms he secures will be better and that the Venue Board will make full disclosure of the identity of any new investor and the terms on which such investor makes its investment. It is also to be hoped that the Board of Venue will soon make a clear announcement of its future strategy, long term funding arrangements and management structure.
Posted at 02/4/2009 19:43 by treacle28
No matter how much the bashers get wound up, only one fact here:-

Excellent find imo. The board rejected an investment at 4p last summer.

2nd DECEMBER UPDATE

Venue has announced the insolvent winding up of VSL. The Board states that VSL was a non-operating company but it has produced most of the revenue ever generated by the Venue Group. With Alton Towers shut for the winter, Venue currently has no source of revenue. Shareholders will be aware that, now it has been ejected from its offices and sacked most of its staff, Venue's major ongoing cost is that of its Board. The announcement of new capital, though welcome, provides only partial information. We believe that the £210,000 subscription may have taken place some time ago and may already have been used to meet existing debts and obligations. The remainder of the investment is not yet firm. If it materialises, it is to be hoped that it will be at or above the value of the investment approaches received by the Board in the Summer. At that time, Mr Iny rejected a proposed investment of 4 pence per share as too low and dilutive. With the share price now moving between 0.5 pence and 1.5 pence, it is to be hoped that the terms he secures will be better and that the Venue Board will make full disclosure of the identity of any new investor and the terms on which such investor makes its investment. It is also to be hoped that the Board of Venue will soon make a clear announcement of its future strategy, long term funding arrangements and management structure.
Posted at 02/4/2009 18:33 by treacle28
Excellent find imo. The board rejected an investment at 4p last summer as too LOW.

2nd DECEMBER UPDATE

Venue has announced the insolvent winding up of VSL. The Board states that VSL was a non-operating company but it has produced most of the revenue ever generated by the Venue Group. With Alton Towers shut for the winter, Venue currently has no source of revenue. Shareholders will be aware that, now it has been ejected from its offices and sacked most of its staff, Venue's major ongoing cost is that of its Board. The announcement of new capital, though welcome, provides only partial information. We believe that the £210,000 subscription may have taken place some time ago and may already have been used to meet existing debts and obligations. The remainder of the investment is not yet firm. If it materialises, it is to be hoped that it will be at or above the value of the investment approaches received by the Board in the Summer. At that time, Mr Iny rejected a proposed investment of 4 pence per share as too low and dilutive. With the share price now moving between 0.5 pence and 1.5 pence, it is to be hoped that the terms he secures will be better and that the Venue Board will make full disclosure of the identity of any new investor and the terms on which such investor makes its investment. It is also to be hoped that the Board of Venue will soon make a clear announcement of its future strategy, long term funding arrangements and management structure.
Posted at 23/3/2009 12:27 by flyingswan
Venture Solutions Holdings (VSH) is up 16% on here but showing up 25% on other boards.

...Venue Solutions Holdings Plc
(The "Company")
YourDay at Alton Towers Update

The Company announces that following successful testing of its second generation software, it has extended the YourDay technology installations to all of its rides at Alton Towers Resort, including the water rides, with all having now gone live to the public.

With installation of the YourDay system now completed at Alton Towers, the Company has expanded its offerings and can now cater to all customers. The water rides have no height restrictions and with the improved wrist band that fits even the smallest visitor, YourDay is now able to offer a full service and create DVDs for the entire family.

The Directors are pleased to report an increase of 28% in the average number of customers purchasing the YourDay DVD compared with a year ago, and with the addition of the water rides anticipate a substantial increase in sales throughout the remainder of the season and in those to come.

Overcoming the remaining technological hurdles surrounding the water rides was key to the roll out of this product. The Company is now strongly positioned to continue negotiations with other theme parks and destination venues in the UK and abroad for its multiple services.

Stephen Thomson, Chairman, Venue Solutions, commented:

"The completion of the YourDay solution will enable us to exploit fully its world first video capture system across the extensive range of theme parks and destination venues everywhere. With over 250 million people visiting theme parks each year around the world, this presents a huge market opportunity for the Company, and our successful system will serve as a base from which to launch our complete service offerings."

15 September 2008...

With The Easter Holiday Season Starting - I think this September announcement my be the reason for the share price move, as the service will be in full use over Easter. IMHO
Posted at 18/11/2008 17:43 by gibbo205
This one is looking very promising for the next coming week.

Year end results are due and rumour is they are going to be very good, basically turnover up, profit up and possible new ventures as well.

I predict a minimum of circa 2.5p for the share price once the year-end results are made public and it could possibly reach around 4p, which based on the current share price of just 1p makes this a bargain price.

Suspect good results as you can now get these DVD's on every ride at Alton Towers wheras last year you could not and in their last news sales were 28% up and that was before the option was available for every ride, suspect good results.

Then rumours they may also be getting into places like Windsor, Disney Land and other theme parks in UK, Europe and Middle East this could really turn into quite a gem.

A sure buy whilst sub 2p, get in for a quick bit of profit from the result or hold long term for better gains, but they are certainly going places as they have a great product.
Posted at 25/8/2008 16:05 by zooper
IMO:

No large theme park is likely to contract with VSH until reliable comparative YoY figures from Alton are in. Any installation takes around 3 months (although you can argue much longer if past performance is anything to go by) and they have to make all the videos as well - the sweetspot for a deal would be between now and the end of the Sept.

In the last year picsolve have been aggressively testing on-ride video capture (not covered it seems by the YD patent) and has a well estabilished business and track record with the industry.



On the surface of it a takeover by picsolve would be a logical thing, but not in the clients best interest, I would suggest the future (and existing shareholders) would be better served by a Pepsi/CocaCola scenario. Picsolve are unlikely to pay a good price for VSH/YD as the customers seem to view on-ride videos as a better value cf 1% of yourself in an advert for Alton.

VSH is in a precarious situation and has been for a longtime; looking at the length of time it took them to get YD running at Alton and the repeatedly missed deadlines; the single biggest failure to realise the importance of having an offering for the whole 2007 season - the upper levels of management where amateurish at best and I'm surprised they are still employed, very irrate shareholders must have felt this.

Iny's track record todate is chequered, but he does have some wins under his belt and is likely to make a better job of it than Berger did, although the hunt for a decent CEO is taking a bit too long and really not an attractive job for a class act.

The Destination Media episode this year really stinks and IMO looks to have been an attempt to patch cashflow.

IMO VSH should concentrate everything on the YD side of the business and kill off or sell all other sections; as they are now contracting out installations, they really are only selling their (IMO) inept management to customers. These guys know how to use google.......

The share price will skyrocket if they can get a deal in the next 6-8 weeks, beyond that it's bleak and picsolve will probably pick up a real bargain.
Venue Solutions share price data is direct from the London Stock Exchange

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