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Real-Time news about Vebnet (Hldgs) (London Stock Exchange): 0 recent articles
|tuffbet: Agreed WJCCGHCC re small number of share sales needed to move the price but now that earnings are growing, income from renewals is on upward path,and cash position is quite stable a 10-20% fall would not bother me.
As a shareholder all I ever want is to be enlightened as to the true position of the company's trading and cash situation. If I know that I can make my own judgements about other factors which might affect the price short to medium term and what others think about the company as reflected in the share price fluctuations doesn't bother me.
I sold out earlier not because I was worried about VBT's progress as a business but simply because I could see it was dead money up until the next announcement - only the prospect of a bid coming in when I was temporarily out of the stock worried me.
Liquidity and often enormous spread in the price are the only two things that need sorted out and hopefully management realise that and can do something about it in the near future.|
|tuffbet: As expected strong set of results - tempting fate I know but I do suspect we have seen the bottom for the share price (barring a general bear market) and with a bit of good coverage from the financial heavies in the media might enjoy a strong run up in the price.|
sorry for my last post which I have just looked at - for some reason it's all missing apart from the last sentence.
I agree with WJCCGHCC's arithmetic .Technically the secondary placing shouldn't affect the price but the level it is done at and the perceived reason does of course have an unquantifiable effect. In this case because it was the CEO who was selling some at approx 13% under the market price it is more negative than positive so it's not surprising the shares slipped back a bit.
Am a bit surprised the share price has not done better in 2004 in relative terms but I know the Sector they are in fairly well and can't see why there should be any cause for unease- I fully expect the progress to continue and eventually the share price should reflect that growth.
Warren Buffett ,who is not bad at this game ignores the day to day share price movements and only looks at the market to see if someone has done something silly he can then take advantage of. I try very hard to follow that dictum and my very personal view is that the recent slide in the price is getting close to the level where I am beginning to think I might take advantage of the lower price but I might be greedy and wait just a bit longer yet|
|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|
|tuffbet: only real difficulty with VBT making progress in share price trems ie the price keeping up with events at the company is the lack of free float in the shares ie they are not easy to get in any size so it won't be easy for any of the institutions who want to get on board .
The only way I can see that happening is for some of the existing directors to relaese some of their stock or for the MM to try shaking out private share holders - problem is I don't think there are that many so the latter route probably wouldn't achieve the desired result .
Will be interesting to see how this problem is solved although I think one of the early VC shareholders may be willing to pass on their share to the institutional market thereby opening things up.
Anyone got any different ideas?|
Nice and quiet on here isn't it?
Its a bit like switching from Radio 1 to Classic FM when you leave some of the busy BBs and come on here . I like the fact that there is very little action in the share price so you get the chance to buy some shares on the occassional bad day.
The Pensions market is about to be revolutionized in April when A-Day arrives (been described as the biggest change in the pension rules in more than 50 years ,which I think is an understatement) and I think Vebnet with their emphasis on technology are going to be major beneficiaries of these changes .
The papers are going to be full of pensions chat between now and A-Day so its going to be great exposure for the sector and perhaps some media platform work for Vebnet
If you don't know anything about A-Day type it into Google -maybe add the word Pension and see what you get|
|tuffbet: Over the past 2 weeks the share price of VBT has performed very well ,so doubtless there will be those who are tempted to sell and take a profit .
Years ago ,largely because of inexperience and an inability to separate share price movement from corporate performance I was not good at making the buy/hold decision so I cast around ie read widely to benefit from the wisdom of others ,cleverer,more experienced ,or both . In this respect someone whose words almost always impress me is Martin Barnes of "The Bank Credit Analyst" .
He once warned that an increased focus on the short term had become one of the scourges of modern life ( you see it nowadays even in sport once seen as a way of relaxing ) and he cautioned investors to keep a look out for companies who are obsessed with propping up near term earnings as opposed to making the best long term strategic decisions .
One of the reasons I believe investors will find that VBT turns out to be a much better investment than average can be found in it's shareholder list . The big players in VBT at this point in time are not the large aggressive institutions ,interested only in making a quick buck ,nor as far as I am aware do they have the likes of the large Merchant Bank Corporate departments urging them to make expensive earnings reducing acquisitions . The shares are tightly held and the pace of progress appears to be firmly under the control of the management and the directors - thats a big positive but not one you can quantify in accountancy terms so its not priced into a share value as it should be.(good news for current investors)
A look at VBT's share price graph will demonstrate that marking the share price down from time to time has shaken out some of the more price sensitive holders and as I said above years ago I would probably have been one of those looking back with reget . As it might just be of benefit to others in the same way as it has been so often for me I have quoted below what Martin had to say about investing for the long term - it might not be new but I have found it worth rereading whenever the urge to sell good quality shares takes hold
" Patience is a virtue when investing because even the best ideas sometimes take a while to play out . By all means abandon ship when fundamental conditions deteriorate . However if you are confident that you have purchased a good company then don't despair just because the price does not rise right away - as long as the fundamentals remain positive "|
I go on holiday - when the share price is around 165p -stick to my resolve to relax which means no British newspapers or TV and what does Vebnet do - takes the opportunity to sneak in some of the good news I have been expecting - back this morning to find the shares standing at 245 offer !
Will now take some time to re read the news items but won't get too excited because as far as I am concerned (and you will see I have been consistent on this ) VBT still languishes as an undiscovered gem . The Pru link is nice to see but what has always attracted me as a shareholder is still there in great abundance ie the huge potential market they are growing into .
My view is that the stockmarket isn't the perfect pricing machine some believe it to be especially for stocks of this type ie misunderstood or simply overlooked companies. Its pretty well perfect for pricing the larger and well known companies but you can't price anything you know little about . Today's price simply reflects the range achieved between the few individual investors and smallish institutions who know something about this company and therefore want to buy the shares and the founders who know what they are on to and have never been in any hurry to sell.
Because the company is just starting to grow and not yet reached its main growth phase the supply /demand balance is likely ,IMHO to make it difficult to pick up stock so there might be some pressure on directors to release some more .
This company has the potential to be huge in the financial market place I wouldn't be silly enough to make any price predictions but I believe we are only at ground floor level at this point .|
|kircatflorho: The upward share price movement is my only thought :-))|
|tuffbet: This mornings action in the share price suggests to me that a recommendation from IC or one of the tip sheets is imminent . I am old enough and cynical enough not to believe in the existence of Chinese walls so I think thre might just be some "knowledgeable " buying in advance - only my humble opinion no more .
Whatever the reason its not half knackered my carefully planned strategy to buy a day or so after the results when I had hoped the short term speculators would have sold and increased the free float of shares thereby reducing the share price . So its back on with the thinking cap.
I know the theory ie if you are lucky enough to identify a real long term growth story at an early stage ,which is what I really believe we have here you should be happy to average up as more evidence appears that you are right and as I said in earlier posts a few pence at the front reallly doesn't matter further down the line . However I have to admit its not so easy to do the right thing - thats why of course so few investors win in the long term .
I am off for an hour or two to see what the great investors of the past would and did do in the same situation - I suspect its what I said above ie average up the long term winners but I just need some confirmation, some reassurance.
I guess we are already all sitting there this morning saying "why didn't I top up below 100p when I had the chance ,how many of us will be saying just the same thing as it passes through 200p - my guess is too many .
At least Liontrust will be pleased with their placing -they don't make too many mistakes but their problem now is how do they get more stock I don't think the placing itself is meaningfull enough - my guess is one of the big holders possibly Cross Atlantic Technology Fund will be "encouraged " to sell some of their stake in order to allow other institutions on board . The managemnt of Vebnet will want a wider more diversified list of shareholders and it might even be suggested to them that "we would be happier to give you the contract if we had a financial interest in your company" - you know how business works. Its futile to guess how Vebnet will make it easier for institutional shareholders especially potential clients to get shares but watch out for some action in this respect.
The fact that the stock is in the Financial sector and DR Nairn is so well known in that world will mean that this is not a small AIM company which will me missed on their radars because of its size - they will be watching and wondering how do we get the stock so expect to see a big change in the list of institutional shareholders by the time the next set of results come round .
I am beginning to feel like an institutional shareholder myself ie "how do I get a bigger stake ? " I know I am just going to have to bite the bullet and go with the wisdom of the sages but a wee read at the pearls of wisdom and a few whiskies will probably help.
If my next post is more garbled than usual you will I hope forgive me - I am sure it was Burns who said "a wee nip clears the heed"|
Vebnet share price data is direct from the London Stock Exchange