Vianet Share Discussion Threads

[markinthepark] 21/6/2007 10:20

Try not to worry about the news boxes above as we seem to have been linked with Viacom in the US...hence all the other news items.....

[markinthepark] 21/6/2007 10:19

New Thread link:

[markinthepark] 21/6/2007 10:18

Vianet sees better times ahead as losses reduce

MARK WILLIAMSON May 31 2007

Vianet, the vending machine technology specialist, said that losses had narrowed in the latest year and renewed claims that better times lay ahead.

The Fife-based firm said there was a "real prospect" that it would achieve break even on a monthly basis in the fourth quarter of 2007.

Shareholders in the Alternative Investment Market-listed firm have heard claims in previous announcements that it has been making progress, without seeing the company manage to make a move into high volume sales.

However, Ian Orrock, chairman and chief executive, said Vianet was confident that a "strategic repositioning" had put the firm on the cusp of a big improvement in its fortunes.

Vianet has focused its efforts on selling systems which allow companies to monitor vending machines via a website operated by the firm.

In the year ended December 31, Vianet won increased business from significant operators such as GSK Healthcare.

However, Orrock said the company continued to grapple with the consequences of the fact many firms on the continent exhausted their vending machine budgets in 2001 preparing for the adaptation of the euro.

In September, Vianet said with the vending machine market remaining tough it was running around 12 months behind plan.

Orrock's confidence is based on the prospect of developing a significant income stream from selling technology which allows machines to communicate with other machines without the use of expensive landlines, or M2M services.

This could be a huge market for Vianet, whose products might one day allow taxi drivers to use chip-and-pin terminals mounted in their cabs to allow customers to pay with cards.

Vianet has already won M2M accounts from operations including Tesco and the Saudi Prison service.

"Currently we are stretched to process sales enquiries and have a wide range and scale of proposals as work and progress," said Orrock.

He said after raising £1.8m through share placings in the last year Vianet currently has £600,000 cash. Directors expect this should be sufficient to take the group to cash break even "assuming few delays in sales growth".

Orrock said staff had shown their faith in Vianet by having pay rises deferred for part of last year. That helped the firm cut pre-tax losses from £2,315,125 to £1,726,849.

Sales slipped from £679,746 to £576,984. However, Orrock said the 2005 figure included £307,000 fees from discontinued hosting activity.

Vianet is one of the few survivors of the clutch of Scottish technology firms which listed before the dot.com bubble burst.

[markinthepark] 21/6/2007 10:13

I think I might open new thread for Vianet...this one is out of date

[markinthepark] 21/6/2007 10:12

Vianet sees better times ahead as losses reduce

MARK WILLIAMSON May 31 2007

CommentVianet, the vending machine technology specialist, said that losses had narrowed in the latest year and renewed claims that better times lay ahead.

The Fife-based firm said there was a "real prospect" that it would achieve break even on a monthly basis in the fourth quarter of 2007.

Shareholders in the Alternative Investment Market-listed firm have heard claims in previous announcements that it has been making progress, without seeing the company manage to make a move into high volume sales.

However, Ian Orrock, chairman and chief executive, said Vianet was confident that a "strategic repositioning" had put the firm on the cusp of a big improvement in its fortunes.

Vianet has focused its efforts on selling systems which allow companies to monitor vending machines via a website operated by the firm.

In the year ended December 31, Vianet won increased business from significant operators such as GSK Healthcare.

However, Orrock said the company continued to grapple with the consequences of the fact many firms on the continent exhausted their vending machine budgets in 2001 preparing for the adaptation of the euro.

In September, Vianet said with the vending machine market remaining tough it was running around 12 months behind plan.

Orrock's confidence is based on the prospect of developing a significant income stream from selling technology which allows machines to communicate with other machines without the use of expensive landlines, or M2M services.

This could be a huge market for Vianet, whose products might one day allow taxi drivers to use chip-and-pin terminals mounted in their cabs to allow customers to pay with cards.

Vianet has already won M2M accounts from operations including Tesco and the Saudi Prison service.

"Currently we are stretched to process sales enquiries and have a wide range and scale of proposals as work and progress," said Orrock.

He said after raising £1.8m through share placings in the last year Vianet currently has £600,000 cash. Directors expect this should be sufficient to take the group to cash break even "assuming few delays in sales growth".

Orrock said staff had shown their faith in Vianet by having pay rises deferred for part of last year. That helped the firm cut pre-tax losses from £2,315,125 to £1,726,849.

Sales slipped from £679,746 to £576,984. However, Orrock said the 2005 figure included £307,000 fees from discontinued hosting activity.

Vianet is one of the few survivors of the clutch of Scottish technology firms which listed before the dot.com bubble burst.

The firm was valued at £24m when it listed on AIM in March 2000.

Yesterday shares closed up 0.5p at 4.25p, giving the firm a capitalisation of around £9m.

[markinthepark] 30/5/2007 12:16

Looks like today's results have been well received so far......just hope it lasts.....

[devbod] 30/5/2007 09:17

A lack of optimism is something the chairman could never be accused of but things do look a lot better. Does seem touch and go if they can make it to year end without another fund raising but prospects seem to be the best I've seen them.

[markinthepark] 30/5/2007 07:23

Certainly looks very positive and Chairman is very upbeat...fingers xxxd

[cwilliamham] 17/4/2007 21:51

Well spotted fortunatus, the new HQ is as shown, although we now have two telephone lines . It is good to know that the box outside is there for backup. As you can see I am looking fit and refreshed after my hols and there will be no holding us back this quarter. Stephen and Marion will soon be back from the farm so we will be a full team shortly.
Onwards and upwards!

[frogkid] 26/3/2007 12:56

good spot fortunatus,
frog

[fortunatus] 26/3/2007 12:10

The incessant chatter on this BB finally drew my attention.

By the by found this -



Mentions sales and profit forecasts (only hope the picture at the top is not Vianet HQ).

[frogkid] 26/3/2007 09:00

I SAID I'LL SWITCH OFF THE LIGHTS ON ME WAY OUT !!!!!!!!!!

[frogkid] 26/3/2007 07:18

i'll switch off the lights on me way out !

[frogkid] 23/3/2007 08:19

hello ....?

[frogkid] 22/3/2007 13:22

I MIGHT POST THAT AGIN IT SEEMED TO MAKE THE LINE MOVE UP !

[frogkid] 22/3/2007 08:03

this is flatlining !! not sure if that's a good thing

frog

[tedg41] 09/3/2007 11:27

And what about VIA? Is it ever going anywhere?

[christh] 05/3/2007 10:47

hello, Bada.

[christh] 05/3/2007 10:47

hello, Bada.
where are you invested now?
I am on APF,BT,BP and Paro.

[tedg41] 18/1/2007 12:03

Is anyone out there still into this?

[tedg41] 22/12/2006 12:05

The placing at 5p is good news- the price is above current share price, VIA will have funds for working capital without a heavily discounted cash call which would be diluting. Prospects for 2007 sound better too- although there is no specific news.