Vebnet Share Discussion Threads

[wole] 12/2/2004 10:53

My God! The 11K buyer was made to pay top dollar (10% premium). They must be really short of stock. I guess they don't want to create a silly commotion before the results are published which may deflect from the real news.

[wole] 12/2/2004 10:10

Was just quoted 141p (mid price) to sell 400 of the 800 shares I hold!

[wole] 12/2/2004 09:46

Interesting volumes with increasing numbers of transactions. My guess is that we will more more buys and sells as the day progresses.

[toyminator12] 12/2/2004 08:53

MM's being a bit stingy with the stock this morning, cant even buy 1k on line. Bought a block for a premium over the phone. Best they get some in for tomorrow !.

[wole] 11/2/2004 18:24

SUBSTANTIAL SHAREHOLDERS
In addition to the directors, at 30 June 2003 the following had notified the company of a disclosable interest in 3% or more of the nominal value of any class of the company’s shares carrying voting rights.
Cross Atlantic Technology Fund LP - 2,434,475 (32.6%)
Response Systems International - 229,825 (3.1%)
Cardiff & Provincial Properties Limited - 226,782 (3.0%)

[toyminator12] 11/2/2004 18:18

An extract from the times article is on the investors chronicle site from the weekend too.



We can expect some interest from those quarters as well pre-results on Friday

[wole] 11/2/2004 18:12

That last trade was what sent the price crazy! 23.8K @ 135p, that's a cool £32K!

[wole] 11/2/2004 18:07

Directors (and ex-dir) are holding about 35% between them. Wonder which institutions hold the rest. Less than 7.7 mill in issue.

I suspect the company will confidently beat Ian McNally's forecasts. He thinks they will lose about £950K pre-tax (FY) this year, and £500K for FY05, but the comments in he last FY results suggests to me they may be close to next years forecast this year!

[toyminator12] 11/2/2004 18:02

There has been a lot of coverage in the Scottish press over the last few weeks, 4 of the directors have increased their stakes just prior to xmas and the volumes are increasing almost daily.

[tuffbet] 11/2/2004 17:52

toyminator12

I hadn't sen the Times article so thanks for the information . I didn't learn anything new from it however and I think they have missed out on one of the key reasons why investors can have more confidence that this company will be better managed than most. I have to go out right now but hope to post some more later tonight.

We could be in for some excitement between now and Fridays results

[wole] 11/2/2004 16:44

Too right Mike. Interestingly, tho I got the Times last Sunday I did not actually notice that story!

[toyminator12] 11/2/2004 16:41

This is the article anyways.

February 08, 2004

Sharewatch: Software pays off



VEBNET: THE fledgling payroll software developer is capitalising on the growing trend for blue chip employees to "mix and match" their own online package of benefits such as childcare vouchers, travel and medical insurance, and pensions, life cover and cars. Gerry O'Neill, the chief executive and a former manager at Royal Bank of Scotland and Tesco Personal Finance, expects to break even this year after cutting losses and hiking maiden sales as a quoted company from £25,000 to £668,000 last year. The Edinburgh-based company, which posts half-year results next Friday, has outperformed the FTSE All-Share by more than 18% in the last three months and has seen its shares soar 40% in recent weeks after a buy recommendation from house broker Bell Lawrie White (BLW). Ian McInally, the BLW analyst, said Vebnet had early mover advantage in a potentially huge marketplace and regular licence income from clients including KPMG and Scottish Life. Crucially, the world's second biggest business software supplier, PeopleSoft, is integrating Vebnet's package into its own product. The deal will help O'Neill fulfil his ambition of building a company spanning Europe, Africa, Australia and Canada. McInally is predicting sales of £2m and reduced pre-tax losses of £500,000 by 2005

Good luck all
Mike

[toyminator12] 11/2/2004 16:37

Had these in my monitor all week, they had a cracking right up in the Sunday Times, still scope for some gains on the results ?

[wole] 11/2/2004 16:12

Bet someone's just helped themselves to a bit of the cake!

[wole] 11/2/2004 16:11

Wahey!

:¬)

[tuffbet] 11/2/2004 15:35

This company is little known at the moment but I believe that will all change on Friday after the results.

Unfortunately as the spread indicates no one who holds thes wants to sell so its very difficult to pick up shares . HoweverI think Vebnet is a long term story which is just leaving the launch pad so in years to come a few pence on todays price will seem insignificant IMHO .

The company is operating in a growth sector ie financial outsourcing and with a classy board of directors not only content to hold shares but in some cases to build on what they have they are clearly committed .

I see this as a seldom available ground floor opportunity to take a stake in a business which could grow exponentially . In the last Chairmans statement for the year ended 30th June 2003the year end cash balance was up from £216k to £1,265k and his view even at such an early stage was that the Group was on track to reach cash break even ,at the operating, level during calendar year 2004 .

The Chairman also reported that they anticipated closing several "significant new sales " in this financial year so there is always the possibility of an announcement in this respect on Friday.

[wole] 11/2/2004 11:02

Wahey! Another name on the BB! Welcome!
Pity I did not find out about these at 60p. There wasn't even a thread!

[currypasty] 11/2/2004 10:48

pity you didnt tell me about these at 60...lol

[wole] 11/2/2004 10:37

Almost every buy over a grand takes the price up!

[wole] 11/2/2004 10:25

Much better pre results buying, price firming up. One should expect a few sells as well...

[wole] 10/2/2004 21:23

Rated strong buy, and ranked leader in sector by Bell Lawrie White.

[wole] 10/2/2004 16:37

Good closing prices again. Wonder if this will keep moving till results.

[wole] 10/2/2004 12:57

Results out on Fri 13th, hope you're not too superstitious.

[wole] 07/2/2004 14:41

Recent news flow from VBT looks extremely positive IMO. I was surprised to note that though 3 ADVFN users rated it a buy there was no discussion forum ongoing.
The last JV with Scottish Life indicated the company was plugging a major demand in the SME market for Employee Relationship Management tools of which it is also a leading player. Looks good it me.







Currently highlighted on

SUBSTANTIAL SHAREHOLDERS
Cross Atlantic Technology Fund LP - (32.6%)
Response Systems International - (3.1%)
Cardiff & Provincial Properties Limited - (3.0%)
D Scott - (1.1%)
Dr AGM Nairn - (12.32%)
Dr GJ O'Neill - (14.3%)
SD Thurlow - (3.4%)
Shaun Clarkin (ex dir) - (3.49% )

Highlights of 2004 H1 results
* Revenues for the 6 months ended 31 December 2003 more than doubled to
#380,000 (#174,000).
* The number of employees using FIX&FLEX(R), the group's core product, as
at 31 December 2003 was 14,187, an increase of 60% during the period.
* New clients include British American Tobacco and Parsons Brinkerhoff.
* Two 3-year licence agreements signed with Watson Wyatt, the global
consulting firm, and KPMG People Services, part of the global professional
services firm. Two client implementations already completed under these
licence deals and a clear pipeline of clients established.
* Strategic partnership agreement with PeopleSoft, the world's second
largest provider of enterprise application software, to provide a fully
integrated flexible benefits capability within the PeopleSoft HRMS product,
including online TotalRemuneration Statements.
* Trading since the half year end has been very encouraging: Scottish Life
has launched its works4you product based on FIX&FLEX(R) and Vebnet has been
appointed to provide advice to Nationwide Building Society on their online
Total Rewards platform.
* Cash placing to raise #787,500 (before expenses) provides additional
financial flexibility. [edit: 10% placing with 2 institutions to satisfy market demand.]
* Vebnet remains on track to reach cash breakeven at the operating level
during calendar year 2004.