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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vebnet (Hldgs) | VBT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 253.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 253.50 | 253.50 |
| Top Posts |
|---|
Posted at 22/4/2008 21:32 by wjccghcc I took profits on half of my stake which has caused some of the fall. No reflection on VBT, whose progress I'm very happy with. It's just that there's good upside in some of the bombed out smallcaps and I wanted to redeploy some funds. |
Posted at 18/9/2007 14:10 by wjccghcc the thing is that with the recent share price fall, the emergence of VBT from overdependence on one client (the Pru), high recurring revenues with good visibility of new clients for the next few years, the structural shift to online benefits and director buying, it's hard to see where the MMs are going to get any stock at least until it's recovered to the 170p area. |
Posted at 13/9/2007 17:55 by wjccghcc True tuffbet although even VBT will be hit if that happens, mainly because of its low liquidity. A few spooked PIs sell a few 000 shares and the share price will be down 10% in no time. Still it works both ways as evidenced by today's move. |
Posted at 13/9/2007 14:11 by tuffbet WJCCGHCCI think this s one of the best examples I have seen of markets not being as efficient as some of the academics would have us believe. Shares in companies which don't have a sound and sustainable business model negative cash flow and no sign of making a profit in the foreseeable future have sometimes rocketed up on the back of a rumour or a tip sheet mention. In contrast VBT has, as the graph clearly illustrates, been ignored completely by the stockmarket despite making very steady progress and being ahead of their own financial targets. Like you I decided some time ago there was little sense watching value waste away while gains could be made elsewhere so I sold and am now back in again. I may be wrong but I don't think the market can ignore the potential here for much longer. My guess is that on the balance of probabilities we are heading into a recession and possibly a bear market but I am not confident enough about that to bet on that outcome. What I do think makes sense however is to load up with stocks which have not, in the past few years enjoyed unjustified rises and where shareholders would be quick to sell to preserve gains in the event of a market slide. The fundamentals also have to be good of course and in VBT's case I think they are. So it looks to me like quite a good way of staying in equities just in case the markets keep on climbing the wall of worry but in relative terms probably significantly outperforming if we do hit the economic and financial skids. Should we get through this period without a bear market correction I will be very surprised if VBT is not very substantially higher than it's current l;evel even after today's good move. |
Posted at 27/6/2006 10:55 by tuffbet WJCCGHCCNo argument with what you say about market overvaluing potential and undervaluing cashflow agree entirely. Like you I sold a chunk of my VBT last year above 200p but kept the rest as a core holding -. I sold for a different reason- I simply anticipated the shares would underperform in relative terms until the newsflow improved and the opportunity cost was therefore too high . That decision turned out to be correct but I wasn't going to be out of VBT in full because its difficult to acquire and a number of factors could cause the price to rise quickly. Know what you mean about sometimes missing the boat - the market has a habit of making one feel foolish. |
Posted at 24/6/2006 11:50 by wjccghcc tuffbet,I'm no short-term trader. The transition from jam tomorrow potential to real cashflow valuation is a blurred area, but I tend to find the market overvalues potential and undervalues cashflow in many circumstances. I sold most of my VBT at around 230p last year because the operating leverage was not as large as I thought leading to profits taking a lot longer to come through. So far it's been the right decision. I would attach a higher than market rating to VBT because of the potential but not one over 50. It's not as if they have completely unique technology or huge operating leverage although growing recurring revenues are a big plus. Also their move into the consulting area may eventually threaten some of the actuaries who provide them with a large chunk of their business - something that needs to be carefully managed. As I said, I still hold a few and am happy to keep an eye on them. At some point I will ramp up my holding again, but not yet. Maybe I'll miss the boat - it's happened several times before :-) |
Posted at 23/6/2006 22:55 by tuffbet WJCCGHCCWould normally agree with you on valuation but I think VBT deserves a premium rating for a number of reasons some of which I have referred to before. Personally I think we are in a Bear market and I want to be largely in cash with a few stocks which will see me throught that because their earnings will continue to grow even if we hit recessionary conditions . VBT stock is quite tightly held - thats bad if you are a short term trader but good if you buy on dips and hold very long term - you may have noticed apart from a mark down yesterday on one small deal the price never moved during the recent mini collapse and because its not traded every day or a hot stock chased after by the punters it won't be sold off in huge amounts when the next wave of selling hits the market. I was happy to buy and hold when they weren't making profits because I could plainly see the potential -I am even happier now that earnings are coming through and cash is being maintained during the early growth phase. I respect your opinion but you may just hold off too long and find they have suddenly gone away from you on the back of some institutional interest - we shall see. |
Posted at 08/5/2006 13:14 by tuffbet This link is worth reading. There is little doubt that the Revenue are closing down what were previously seen as tax planning rather than tax avoidance schemes and Trusts came in for a battering in the latest Budget as a aresult of which the wealthy will have to look for other legitimate Tax planning tools . AIM shares have both CGT and Inheritance Tax advantages and the likelyhood id that lots more of the type of funds mentioned in this article will be coming along . On the surface good neews for the AIM market but I suspect it won't be broadly based so I don't expect to see the money going into the hot sectors like mining, exploration, etc . They funds are going to be looking for the solid earners, the dividend payers and of course quality growth companies . I think VBT is very likely to be a major beneficiary of this new money both from the point of view of the wealthy AIM investor who wants the tax advantages but prefers to pick his own stocks and via the Funds which have been set uo to maximise on the AIM tax advantages. Only time will tell but there is almost certain to be a reaction soon in the super hot sectors and rotation into the best of the underperformers (in share terms ) and it will surprise me if VBT are not on that list. Below is a graph showing the performance of VBT over the last 6 months relative to the FTSE 350 Index which I feel is more representative of the UK market than the FTSE100. |
Posted at 09/2/2006 15:09 by tuffbet I believe VBT have enough irons in the fire and capability to grow their business organically without relying on any specific tie in - they have been careful to diversify their avenues to the end user |
Posted at 22/12/2005 14:14 by serotine Hello All, I am fairly new to investing and have a query on the effect of a share placing on the share price. The share in question is Vebnet Holding (VBT) (apologies in advance to NT as it is AIM and < 25 million..). The placing comes into effect on 3rd January and will the share price fall as the shares become available on the 3rd or does the present share price reflect this? I presume that if the share stock is increased by 10% then the share price should fall by 10% so that the market capitilisation remains the same....Any advice would be appreciated. Thanks....C |
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