Legendary Inv. Share Discussion Threads

[babbler] 22/12/2017 07:04

Or is that what they want you to believe....you see it as collapsed...others as opportunities...Expect falia here again today on that RNs.

[chinese investor] 22/12/2017 05:53

Cryptocurrencies Collapsing !

The Party's Over !

[professor numbskull] 22/12/2017 03:26

bitcoin collapsing.

[glenkaz] 21/12/2017 23:30

Heading for.4 v soon imo! 🤡✌A039;

[professor pettigrew] 21/12/2017 22:56

News items re ToysrUS on both the BBC and ITV tonight, gave the comment from retail experts:-

"The reason for this is that the future is online retailing, and nothing will stop it's exponential advance".

How many retailers will VS snare next year?

The 1p party will have been and gone this time next year.

Then we'll be talking about the "2p party".

Onwards and upwards.

[professor pettigrew] 21/12/2017 20:40

They do indeed ps6 - wait until we are counting LEG's share price in them.

[petersmith6] 21/12/2017 20:13

A penny here..a penny there...all these penny's add up

[professor pettigrew] 21/12/2017 19:50

sam - it's a billion US$ company, not £sterling.

If they reach that, and I have a sneaky feeling they will because Zaf reiterated that earlier this week, it equates to roughly 1.5p here.

Don't underestimate IBS though, I reckon that's another stonking winner.

A veritable cash cow!

[sam the man1] 21/12/2017 19:41

Ivor

Have a look at Soupdragon55 yesterday’s post number – 10787 it should help you.

Read some of the RNS’ on LEG but understand the VS valuations in there are speculative.

Here’s a clip of recent valuations: -

October 2015 Nick Jenkins invested in VS valuing them at £58m

July 2017 Notion invested in VS valuing them at £66m

In the past Beaufort’s have valued VS at £178m and LEG shares at 0.7p. At the moment, in my opinion, LEG is a one-trick pony so if the 0.7p were to be reached then VS would be worth over £300m.

Finally, Zaf thinks VS could become a £1,000m company which would make LEG shares worth over 2.0p.

Good luck in whatever you do 🎅

[bionicdog] 21/12/2017 19:03

I predict that the weather will be diluted tomorrow.

[ivor hunch] 21/12/2017 18:39

Very good post Nocky - many thanks for helping me understand VS's business a bit better.
I have been trying to put some figures onto VS and finding it impossible - nothing at Companies House. Can you give some sort of estimate of turnover and profit? What percentage do they charge Tesco's etc for their services?

[maxk] 21/12/2017 18:24

And so ends another triumphant day for the legendary guru.

His detractors smashed under the wheel of the mighty ramp.


The fun will now be had when the bottle opens later :-) Even tho it's very dark, but dry.

[professor pettigrew] 21/12/2017 17:57

Cheers Phil. If I'd had time to rejiggle the portfolio, I could have bought that 621,108 to round off the day!

[philmiboots] 21/12/2017 17:49

Not bad Prof, only 621,108 (0.2% or roughly £1k) off your 300 mill target for today!
Let's hope the target of 1p (or is it now 1.5p?) is similarly accurate!

[nocky44] 21/12/2017 17:26

#LEG have 7% of this Six of the top 12 online UK retailers, including Sainsbury’s, Argos, Tesco and John Lewis, use Virtualstock’s internal marketplace. The platform used within the NHS is a repurposed version of The Edge, appropriately named The Edge for Health.

[professor pettigrew] 21/12/2017 17:26

We will with another positive RNS glenkaz.

Otherwise I'd settle for consolidation before the next move up.

[glenkaz] 21/12/2017 17:22

Should blast through into the 20’s tomorrow game on now gla! 🤡✌A039;

[professor pettigrew] 21/12/2017 17:17

Good article Nocky44. Many thanks.

[nocky44] 21/12/2017 17:08

Yesterday, we described the early days of supply chain technology provider Virtualstock (VS), and explained how their product started to get traction as the concept of “dropshipping” took off in the retail sector. Dropshipping describes the situation whereby a website offers products for sale that do not physically come through that retailer or website owner’s own supply chain

Now dropshipping sounds simple in theory, but when you consider it more carefully, it comes with a range of challenges. Let’s take Tesco as an example. If you order something from the Tesco website that is a dropship item, that order needs to go to the firm who actually hold stock of the product and will carry out the order. So the Tesco website needs to know who that is, that the item is in stock and that the order can be accepted.

The website has to have the correct product information; retailers need to be able to induct products rapidly in order to have new and relevant ranges online. Tesco then need to know the product has been delivered successfully, and that there are processes in place and successfully executed if there are returns, complaints or other issues. So not as easy as it first sounds. As Bradley says, “the only way dropship works in a retail environment is if it is totally frictionless”. Otherwise the retailer ends up with plenty of “wismo” calls and emails (that stands for “where is my order”), which leads to increased cost for the retailer and a poorer customer experience.

And remember that Tesco might have thousands, tens of thousands even of these drop-shipping suppliers, who will themselves use hundreds of different distribution firms and mechanisms. So the beauty of the current core VS product (“The Edge” as they call it) is that it enables Tesco to see everything across their supply base, inventory, orders, product information …

When VS started pitching The Edge as a solution to these issues, drop-shipping only represented a few percent (if that) of most retailers’ business. But VS were ahead of the curve here; for some retailers, drop-shipping can be 40% or even more of their on-line business now, which itself is a more significant and ever-growing proportion of total sales. So the focus is still growing, and VS has been well-placed to gain from that, picking up major customers like Tesco, Maplin, John Lewis, Sainsbury’s Argos, Office Depot and many more.

In terms of their fast-developing NHS business, work is going on with quite a range of Trusts now as well as NHS Business Services. The retail experience translates across well in terms of handling huge number of suppliers, monitoring stock and enabling effective catalogue presentation to the order placers. The VS price-comparison background also comes in useful here, and the system will prompt an order-placer if they order from a more expensive supplier than is available.

What is it that sets VS apart from the players in the general purchase-to-pay market who also offer marketplaces, catalogues for user ordering, and supplier networks? (That includes Basware / ProcServe, SAP Ariba, Coupa, BravoSolution etc).

It may be the elements that come from the retail background of the firm, which is why their history is worth knowing. So that element of stock reporting is vital, and something we don’t always see in P2P. The ability to take unstructured data from many thousands of different suppliers and convert it into multiple different customer formats for on-line catalogues and indeed feed into other customer systems is also important, and not commonplace.

As a private firm, VS does not release full financial information, but Bradley talked about recent (profitable) growth rates that are very impressive, and the firm is also growing in headcount rapidly. Their growth has come largely from internal funding, but we can’t help wondering this. If the product is as good as it seems to be, would it be worth going for even more rapid growth, perhaps including overseas expansion, before someone with deep pockets catches up from a technology point of view?

The client list is already very impressive (Tesco, Argos / Sainsbury’s, B&Q and now the NHS of course). That could be leveraged more widely perhaps from a sector and geographical point of view. Nothing against Coupa, but it would be nice to see a UK tech company in our sector reaching the “unicorn”; status that firm achieved last year!

[professor pettigrew] 21/12/2017 16:32

300m traded and up over 20%.

A very satisfactory day all round for genuine LEG holders.

Let's see what tomorrow brings, maybe another RNS, interims or VS news.

Have a nice evening all.

[professor numbskull] 21/12/2017 16:32

Once the 3.5 billion share overhang is clear, they can issue more shares

[professor pettigrew] 21/12/2017 16:20

Good points sam - but I think this time is different given what's happened with VS, IBS and now the crypto thing.

Get the strong feeling VS are going to announce something massive in the near future.