Versatile Systems Share Discussion Threads

[mali7] 25/3/2008 14:19

FYI: Cornhill Asset management was involved in the placing and advicing clients to buy at 29p. What a good track record - for you all out there who might be thinking to deal with them.

[roodboy] 13/2/2008 10:10

interesting - maybe there is life here after all ...

need to digest the info

[trusty] 13/2/2008 08:57

Time to pitch in, up 50% in Canada, only 20% here? - after good results

[mali7] 10/12/2007 15:02

Price looks quite bad, over 50% loss since placing - what is happening?

[roodboy] 02/7/2007 15:29

greetings!

yes i am still in here (unfortunately) - wish i had waited and then filled my boots at the current price rather than buying into the AIM placing

i realised pretty quickly that the AIM price here is irrelevant as this stock is driven entirely by Canada - seems to be decent support at 0.40 so i dont see the point in selling at the moment

[therivetman] 29/6/2007 03:51

Still the chart resembles a cliff...lol

[therivetman] 21/6/2007 17:50

CORRECTION! They were rated NUMBER ONE!!!

[therivetman] 21/6/2007 17:48

Versatile has been chosen as one of the top 10 picks on the TSX Venture exchange in it's group! This will certainly lead to an improved share price eventually. Think I'll hang on to what I have and try to pick up more. You still in ROO?

[versatiletrader] 06/6/2007 09:29

Versatile Announces record sales orders of US$18m/New SyncSeer website launched
Versatile announced this morning that it has received record contracted sales orders of US$18m for the current quarter for software, hardware solutions, support, professional services and maintenance. The Company expects that the majority of the revenue derived from these sales orders will be recognized in Q4 FY2007.

These orders are from both existing and new customers and cover a broad range of industries and customers including: manufacturing (Tyco Electronics, Motorola and Cadbury), major universities (Penn State, Harvard and Ohio State), healthcare (Thermo Fisher Scientific, Fisher Scientific and Respironics), retail (Albertsons, Toys "R" Us and Sheetz) and others such as Comcast, Mine Safety Appliances, Paychex and Iron Mountain. The orders highlight the depth of the Company's blue chip customer base and its wide vertical exposure.

Versatile also announced that in conjunction with Tyco Electronics it has launched a new SyncSeer website: www.syncseer.com. It features three industry sectors for this solution: healthcare (to improve patient service and safety by tracking the location, utilization and accessibility of key mobile assets), education (to increase campus safety and operational efficiency by providing an improved level of personal and asset security while integrating with existing identity and access management systems) and entertainment, gaming and retail (to drive revenue through improved experience). We expect increased sales and marketing focus by Tyco Electronics on SyncSeer following the former's spin off later this quarter.

Following an announcement from Versatile on May 25th we understand that its kiosk solution is to be imminently rolled out nationwide in the US by one of America's largest consumer credit providers. We expect that this initiative is with GE Money's Sales Finance unit, which nominated Versatile as its vendor of choice for the service in January 2007.

We expect the launch of a full kiosk marketing campaign by GE Money coupled with increased sales and marketing focus by Tyco Electronics on SyncSeer to leave the Group well placed to meet our FY2008 and FY2009 forecasts. We are forecasting adjusted earnings growth of 312% and 43.5% in FY2008 and FY2009 respectively. We expect specific newsflow in relation to its new initiatives to provide the catalyst for significant share price upside.

Today's announcement leaves Versatile well placed to meet our Q4 FY2007 revenue forecast of US$20m. Versatile trades on a P/E of just 6.7x in FY2008. We remain comfortable with its pipeline and prospects and re-iterate our Buy rating and 60p target price.



Regards,



Tricia

Tricia McEvoy

Equity Research

Direct Tel: [phone]

[versatiletrader] 05/6/2007 14:13

Trusty, the NCB report already suggests that there is a tie up with GE finance & that the kiosks are being rolled out iminently. GE choose Versatiles kiosk technology in Jan of this year. However Versatile have not officially announced this yet. Im wondering how you know however the date of the announcement in June as NCB as of last Friday did not know ?

Thanks

Roodboy, was your broker Cornhill ?

[discofingers] 05/6/2007 11:59

Link to latest broker update:

[discofingers] 05/6/2007 10:55

There is already a tie-up with GE. They are marketing Versatile's kiosks across N.America. GE have in excess of 60,000 clients. The market is huge. VV need only sell 10% of this and the cash rolls in with margins at 40%.

[trusty] 02/6/2007 08:12

The news is due end of June re a tie up with GE finance.

[roodboy] 01/6/2007 16:34

well i said i was out as i had left a message for my broker on Wed to sell and assumed it had gone throo but he rang me back later in the day and advised me to hang on as there may be some news due - so im still here !

time will tell if it was the right decision ...

[therivetman] 30/5/2007 15:19

one things for sure...a big contract and buyers now will win big...i still think it's oversold

[roodboy] 30/5/2007 09:31

well i am also out and watching now - sentiment is bad and i dont see anything happening in the short term to change that

only news of a big contract win could reverse the trend

[therivetman] 30/5/2007 03:28

It should be a real bargain soon....if it keeps dropping....but i don't have a crystal ball to know just when it becomes a buy....fair value should be at .45 cents canadian....but it's below that now....I almost bought some but now it's even lower than what was asked....man it gets creepy when it gets below what some consider fair value....I'm sure it's oversold....but i'll just watch for now

[roodboy] 29/5/2007 10:54

thats fair enough Rivet - results were not good so I do not blame you for selling - also seems from the Stockhouse forum that management have been a bit poor in general over time - i do not know the history as well as the long term holders so have to take their word for it

its clear that these guys have some decent products (which is why i took a punt in the first place) but whether their management is strong enough to make the most of these products is yet to be proven

[therivetman] 26/5/2007 01:05

Looks ominous....I had bought back in just before the results then decided to dump on my brothers advice...lost 3 cents a share but i could have lost nearly half my money....whew....good luck...this is just too hairy of a ride for me....i've had enough....i'll wait till they stop printing shares and start earning money...cya roo

[roodboy] 25/5/2007 10:47

Results out today - I am reading and digesting them before deciding whether to hang on or bail out ...

[roodboy] 24/5/2007 10:43

its all about the financials - news better be good - i had expected to see them already by now ...