Legendary Inv. Share Discussion Threads

[mudbath] 30/1/2018 18:27

The reason behind my query was that in the case of TERN,a very similar investment company with a HUGELY exciting portfolio of investee companies,the BOD are committed to returning 50% of any exit proceeds to investors.
TERN,3 pence to buy today,generating a M/C of just £5 million,are the most exciting investment proposition I have encountered in over 50 years (by far).
Still Waiting's thread then is well worth a look.
Good luck with LEG.

[professor pettigrew] 30/1/2018 18:25

Excellent interview with Zak.

Note how Zaf likes to be "backward looking". A great attribute actually, not boasting or telling everyone this and that is highly valued, but being conservative.

Note how he initially put a VS float at between 12-18 months, then said it could be "3 years or so".

But then, he had to admit that VS is growing rapidly, and signing up "bigger and bigger clients".

The IBS story is also very positive, and they are "scoping deals currently in the hundreds of millions of dollars already".

We could easily get to 1p this year on some big IBS deals alone, a VS float crystallising the proper value of VS could tack on another penny.

LEG could easily be the biggest multi-bagger of 2018 AND 2019,

Do the homework, accumulate LEG stock and hold on for the ride.

[soupdragon55] 30/1/2018 18:20

It was today.

[kemorkid] 30/1/2018 18:19

What date was that you tube interview please

[professor pettigrew] 30/1/2018 18:02

0.50p will be but a first step here paul.

gb1 - I was going to say as well earlier, you are of course correct about the share price "floundering" for some time, but that is exactly the perfect scenario.

I love situations like this. Tons going on, plenty of action, loads of promise, news in abundance to come, an eventual unicorn status for VS, a massive multi-bagger, and YET........................you can still fill your boots at around 0.14p.

Those not continually accumulating at these levels will eventually be kicking themselves big time.

[gottopickapocketortwo] 30/1/2018 17:33

Legendary Investments: Banking On A VirtualStock Unicorn? youtu.be/glaZ9pDOqfs via @YouTubeLeg tweet

[philmiboots] 30/1/2018 17:29

Zaf looks to have put some weight on, too many "lunches on expenses"?

[professor pettigrew] 30/1/2018 17:20

Thanks lucky - thanks Soup.

We need a Directors Talk interview next.

[luckyjohn71] 30/1/2018 17:05

Interview Zak Mir with Zaf Karim on ZakTradersCafe very good with Virtualstock as well as NZ banking

[professor pettigrew] 30/1/2018 17:03

Er no! I think that well running before walking. Ideally, VS will float this year, expand exponentially, and by 2020 some dividends may start to flow.

If LEG are still holding by then, and I sincerely hope they are, it would be nice to think that any payments that flow from VS are sent out to LEG shareholders.

LEG could be a nice little income stock within a few years.

[mudbath] 30/1/2018 16:20

Have Leg specified what proportion of any VS exit proceeds WILL be allocated to share holders ?

[professor pettigrew] 30/1/2018 15:48

I'm very positive you will get it gb1.

See you in New York!

[gbenson1] 30/1/2018 15:35

Professor if you look at the Sp over the last 2 years or so, the potential of VS back then from those lucrative contracts is now baked into the pie and the share price still flounders. Zafs responsibility is to his shareholders, because of Zafs mismanagement of the company ie "dilution" were no further forward. VS is currently our only saving grace, Ive been invested here for decades and will remain to do so, but for the company to move forward I honestly believe we need someone capable at the helm who is making decisions in the best interest of shareholders and not themselves. I think part of the Sp problem is the markets perception of Zaf. Rant over, like you I only want the best for LEG and a financial return for loyal shareholders.

[professor pettigrew] 30/1/2018 15:18

gb1 - not often I disagree with you, but on this I must.

The last lot of accounts from VS were up to Mar 17. It was after that they secured the John Lewis contract (mega), and Notion's input. Add to that the extension to Currys PC World (not RNS'd), the impening roll-out of Edge4Health and the recent tie-up with Wincanton.

I think adding all that together was probably the spur for the comments on today's podcast viz a viz the £240m valuation.

As far as Zaf is concerned, I have no problem with his 37% stake in IBS, if he enriches himself he enriches LEG at the same time. Don't forget he has a sizeable personal stake in VS also.

I'm quite content with things as they are. I just have to laugh at some of the nonsense posted here when the price slips down a bit.

Eventually ALL of them will not only be proved WRONG, but WE will have been proved CORRECT - and made a pile on the way to the 1p party.

[gbenson1] 30/1/2018 15:09

I don't doubt that VS will be a £1 Billion Company one day, unless their taken out by one of their clients, but their accounts at Companies House make them far from that, I know the accounts are 9 months out of date when published, that's the way private companies work, it's Zafs responsibility to keep his shareholders informed of how THEIR company's investments are progressing!! Zaf is treading on thin ice as far as his dual investments with LEG are concerned, their is a conflict of interests?

[professor pettigrew] 30/1/2018 15:02

Superb podcast, exceedingly bullish.

This should squash any doubts anybody has.

Perhaps the silly juvenile's will now become shareholders?

[chinese investor] 30/1/2018 14:56

Placing Soon !

[professor pettigrew] 30/1/2018 14:51

It's been obvious for some time now, that there is far more going behind the scenes at VS than most of us know.

By monitoring the tweets and looking at some other websites, and knowing about the Notion input, the increase in staffing alone should tell us something.

£240m could well be the current figure, I'm sure it's all going to come out in the wash.

Zaf is adamant VS will be a "unicorn" in due course, a quarter of the way there already?

[professor pettigrew] 30/1/2018 14:47

Just back from a swift lunch. Excellent stuff - going to listen to the podcast.

Need to get the buying boots on today.

Funny how all the dross disappear up their own fundaments when bullish news comes out.

That being the case, they'll disappear altogether this year.

Onwards and upwards.

[pre] 30/1/2018 14:35

Thanks gbenson1, just found your earlier post...VS part looks most interesting now..potential nasdaq listing...

[soupdragon55] 30/1/2018 14:34

Pre, even disregarding the VS $240m figure (currently valued at $66m) LEG has a NAV of 0.184p.

[gbenson1] 30/1/2018 14:32

Hi pre yes that correct see my earlier post, LEG is grossly undervalued but show me an aim stock that wouldnt, say the same!

[pre] 30/1/2018 14:26

Did i hear that correctly on the vox link for LEG at post 11869 above....7% in a company with a market value in VS approaching $240M , equates to $16.8M!!!! LEG current mkt cap around £3.9M, so worth multiples of current mkt cap even before any potential nasdaq listing for VS, dyor etc:-)

[soupdragon55] 30/1/2018 14:22

That said, he probably went on the LEG website which is out of date.