Vero Software Share Discussion Threads

[daytraders] 24/4/2010 14:25

Well i bought last year at 18p, so at 13.50p or under will be a good time to average down for me.

[varies] 24/4/2010 14:05

Daytraders
Thank you for posting this news of The Queen's Award which is very welcome and I hope very much that the purchase you intend proves profitable.
Curiously enough DLC has recently won this award too.

[daytraders] 24/4/2010 12:59

Im surprised we did not get a rns for the following great news just published on there website, maybe monday, im buying more shares first thing monday.

Vero Software Plc wins Queen's Award 21-04-2010

Vero wins The Queen's Award for Enterprise 2010, the UK's most prestigious business award.

[dealit] 24/4/2010 12:23

Thanks for that VARIES I feel they have held for some time "INTEREST ONLY" announcement, what I find interesting is why now under rule 8 so long down the line.

[dealit] 23/4/2010 23:12

VARIES - what is this RNS, is it a buy or sell? - may be why results are held up.

KEY INFORMATION
(a) Identity of the person whose positions/dealings are being disclosed:
Artemis Investment Management Limited
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
Vero Software plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:
19th April 2010
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?
No
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
Ordinary 0.5p
Interests
Short positions

Number
%
Number
%

(1) Relevant securities owned and/or controlled:
2,325,582
6.24

(2) Derivatives (other than options):

(3) Options and agreements to purchase/sell:

TOTAL:
2,325,582
6.24

[varies] 23/4/2010 12:25

VERO are usually quite prompt with their annual results, if I remember rightly, and produce them at much the same time as Delcam which is, more or less, in the same business; I hold shares in both cos and have for many years.
DLC's results for 2009 are quite good, considering the market, but well down on those for 2008. DLC's statement was encouraging and their shares have gone up.
It is now 7 months, of course, since the "preliminary approach" was disclosed and it seems unlikely after so long that the approach will come to anything even though VERO is still in an Offer Period under AIM rules.Let us hope for the best !
The delay in producing the 2009 reults, insofar as there is one, may result from the extra paperwork connected with the new financing of which we have yet to be given full details. Since this financing came from the Dept of Industry, we can be sure that considerable paperwork was required.
The financing provides considerable comfort for shareholders but I do not think we can hope for great joy from the 2009 figures when they come. I hope, however, that they will be accompanied by encouraging remarks about trading in 2010.

[dealit] 14/4/2010 20:15

I cannot see why I should not buy these so I did today at 1295 here is hoping for results the only worry is no new contract of late.

[dealit] 12/4/2010 18:09

Vero are still on the Takeover disclosures had a look yesterday. There as been no announcements other than Directors selling and buying shares and an announcement about a loan facility which maybe shut the door on a takeover. As I posted earlier the financials are strong and reading results from last September seem very promising - "Recurring revenue is stronger than ever, and our product range's ability to
reduce customers' costs and production timescales stands us in good stead. The
current economic climate undoubtedly represents a new challenge in its global
reach but the Company is well placed to take advantage of any early rise in
demand as the larger manufacturing based economies recover."

[daytraders] 12/4/2010 16:36

so what happend about the bid approach when we went from 12p to 25p ?, and back down to where we started, we have had no rns saying what happend, thought they had to let us know.

[dealit] 12/4/2010 12:43

Any opinions on a buy situation with results out Thurs/Fri this week. The CASH PS is only 4 times less than the SHARE PRICE which would normally signal a good investment IMHO

[varies] 04/12/2009 19:16

phew !
The loan terms look much gentler than I feared. More details may follow but the Redemption Premiums rising to 35% seem to have been dropped.
If this is indeed the case, we have much to thank Capital for Enterprise for. Little did I think I would ever harbour a kind thought about the present government.

[varies] 19/10/2009 20:11

valhamas
Many thanks. I hope you are proved right.

[varies] 19/10/2009 15:38

Valhamos
Thanks.
My impression is the same but I do not see how we can judge whether these arrangements are beneficial to minority shareholders without knowing if the loan can be repaid without a premium. If we cannot, then how can we reasonably be expected to vote for it ?
The point may seem academic since about 70% of the capital is held by less than a dozen shareholders but I have written to the directors and hope to learn more.

[valhamos] 19/10/2009 12:45

My impression is that the loan term along with the interest rate are not disclosed because they are part of normal commercial negotiations. We are only being involved on those aspects of the financing that might be deemed to frustrate the intentions of the financial institution that is said to be interested in making an offer.

[varies] 19/10/2009 09:48

What do any of you make of the proposed mezzanine loan ?
I cannot find any indication in the circular of a date when the loan could be repaid without a premium.

[varies] 09/10/2009 11:57

What a long wait this seems.
I had shares in ARK, a thoroughly unsatisfactory company that ate masses of cash and never showed any signs of making a profit.
There an approach was disclosed on 29 July and details of an agreed takeover (at a rotten price) announced on 18 August, ie 21 days later.
Here the approach was disclosed on 16 Sept and 23 days have passed. So, although one case always differs from the next, we should hear something soon.
My guess is that Mr.Gyllenhammer would be a willing seller at 25p but that this price may prove too high for the purchasers. Just a guess and totally uninformed !

[valhamos] 29/9/2009 13:12

At a first look they don't seem too bad and better than I expected considering the poor macroeconomic situation - probably need to compare with Delcam's recent interims to put into context. Volatile exchange rates makes comparison with the prior period difficult, but it looks like the company is well placed to resume profit growth when conditions improve.

[varies] 29/9/2009 12:49

I find these results and the commentary re-assuring although, leaving the possibility of a bid aside, we seem to be no nearer a dividend than before. This remains a Jam Tomorrow investment and I would be quite relieved to see a bid over 20p; it would have been pleasant to read of alternative approaches.

Considering how thin the market must be,I do not read anything into today's rise. In the absence of further news I would expect the price to ease slowly back to 15p in the next week or two.

No-one seems to value tech shares on multiples of EBITDA any more but VERO is generating a good cashflow and I think that 15-20p is a plausible price range even without a bid.

[pugugly] 29/9/2009 10:31

Interims now out. Bottom line looks poor but still profitable. Need to do a full analysis as seems to be a lot of development costs included (and written off against revenue - good clean accounting imo) but makes lookvery expensive on a net basis.

Other views ?

[valhamos] 19/9/2009 20:25

An interesting development. Any offer needs to be north of 25p to be sensible even in the current economic climate. Share price reaction so far suggests market is not convinced that a serious offer will be forthcoming.

Could do with the interims being released.

[mike_f] 16/9/2009 15:08

Great plan... news soon fingers crossed.

[thearcticfox] 16/9/2009 15:04

Looking to make 100 percent profit on here and then get it all into NPH before the news Mike.