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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vigilant | VGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.54 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.54 |
| Top Posts |
|---|
Posted at 08/7/2008 08:33 by gogoneko I suppose 1.3p - 1.6p looks good when the shares are at 0.54p, that'll make it a good investment for 0.001% of VGT shareholders.Noted was the absence of management showing humility or acknowledgement of their abject failure to deliver any value whatsoever to shareholders since 2005 and drive the company to the very edge of existence for it to be rescued in a charitable act (as BATM don't do CCTV as far as I'm aware) from another Israeli company. How very embarrassing! I see BATM shareholders have rightly dumped shares at the arrival of their new lossmaking acquisition. What a farce. As expected they managed to have 52% in favour from Vigilant shareholders. Wasn't it lucky that they managed to get those recent placings away which gave the company worthless capital injections!?!? Anyway. Cheerio all. Better luck elsewhere. |
Posted at 20/6/2008 11:40 by gogoneko No results announced and no events planned beyond the end of next week. Urgh!I've changed my mind and decided that I'd rather have a couple of quid (almost literally! :) ) to invest in some other dodgy stock than risk losing it all here. I'll stay watching, and if VGT do pull a rabbit out of the hat then I may return. |
Posted at 04/6/2008 12:16 by gogoneko I think that it's time for the company to do something right and suspend the shares.The MMs can drop the price all they want but who at this point is going buy VGT? You'd have to be bonkers! :) |
Posted at 03/6/2008 11:46 by gogoneko I agree, very disappointing, particularly so given what the chairman said barely a month ago about growing market share and making great progress whilst asking for a couple of '000. That amount raised certainly wasn't to tide them over as I'd hoped. It really appears that this lot are not suitable for the job as they don't have their eyes on the tasks in hand - the primary one being to operate profitability in the short term. I was supportive of their focus on sales and marketing but not to the point of losing sight of the dwindling cash reserves in the expectation that they'll be able to tap investors for more.I've thrown back (with difficulty, because unsurprisingly the MMs don't want them!) the shares I picked up yesterday because I see very little progress and have little hope, although the company has effectively put the "For Sale" sign up as far as I'm concerned. If an external single entity were to come in with an offer which is effectively more than the current market cap then they're going to lose control of the company - and it'll be very interesting to see how that develops. I would be very disappointed (and suspicious) to see the current management not coming in with new equity as part of the refinancing as that would indicate that they expect others to bail them out. Someone would need to fall on their sword because of what's happened. At this point I'm very much hoping that a third party will make an offer in shares or cash for whole of the company at somewhere near the current level as I expect the business without the overheads would be very valuable. I wouldn't like to see VGT try to stay afloat by attempting to downsize if no money comes forward. |
Posted at 06/5/2008 08:45 by gogoneko Did anybody notice the Quadnetics Group (QDG) profits warning last Friday? QDG own Quadrant Video Systems who Vigilant have an operational relationship with.It seems that QDG have had some order slippage and problems with some of their technology but they're saying that trading is strong. Interestingly they've got £7m cash.... they should buy VGT for 7p a share with that and still have a couple of million spare! :) Actually I was doing some calculations at the weekend and reckon that VGT need half-yearly $6m revenues at 60% margin for breakeven. They only got $3m in H1 and would have run out of money by year-end if they'd only got $4-$4.5m in H2. The company is still going, so perhaps they got back the $1.5m from the insurance to tide them over for perhaps 4 months, i.e. until end-Apr, as I can't imagine the US contract was $4m upfront. I expect the $400k will pay for the May events. If they didn't get the insurance/full US contract money they're perhaps close to operating at break-even - but they really need to increase revenue, bring down costs by more than $100k a month, and increase margins to more than 60%. The forthcoming results will be interesting! |
Posted at 03/2/2008 01:54 by paulypilot Hey Moosie,Good to see there's one other VGT shareholder out there ! I'm still sitting tight here with about 4% of the company in the dusty depths of my portfolio. One thing to point out about their new UK HQ was that it's not that big - only 4,000 sq.ft. , so I doubt they've paid that much for it. But they were particularly good at winning contracts in the UK, so I guess having a proper office here is important. Will be interesting to see the next set of numbers. I'd imagine some more funding will be required, unless they've managed to break into profit already. Fingers crossed. Regards, paul. |
Posted at 06/11/2007 08:10 by paulypilot Hi Moosie,I looked at Visual Defence a while ago, yes, but couldn't get excited about it. Can't remember why. Excellent contract win from Vigilant today, $4m deal with US Casinos group; I agree that cash position at VGT must be precarious, but £4m mkt cap is far too low. It's gotta be worth more than that on a trade sale. Caompanies can raise fresh cash you know, that's one of the reasons for being Listed on AIM. Regards, Paul. |
Posted at 20/6/2007 16:13 by paulypilot Hi,Must admit I am still pretty stunned from these figures, especially how on earth they have managed to burn through a large cash pile so quickly. That said, we know that trading in 2007 has improved, but it needs to ! £5m mkt cap is one twelfth of IndigoVision mind you, so there's a lot of upside here if VGT can get some momentum going with sales. Regards, Paul. |
Posted at 25/2/2007 16:44 by mo123 From last weeks asmag Today, IP-based systems have proved to be more reliable than their analog counterparts. Analysts from J.P. Freeman and Co. have forecast that network cameras are the fastest-growing segment in surveillance, and sales will surpass those of analog cameras in 2008. A market report done by Frost & Sullivan on video-surveillance software also suggests that sales of intelligent security software and solutions will continue to grow at a "healthy compound annual growth rate" for at least the next five years. It shows the potential VGT have in turning this growth into rising profits over next 5 years. Lets hope mgmt are on the ball. |
Posted at 23/2/2007 14:10 by rafas_reds Gets a mention in shares mag talks about various contracts, says the cctv cameras in bluewater used to try and identify people wearing hoodies to crack down on antisocial behaviour belong to vgt....Shares says Showing good growth potential, but needs to ensure it can produce solid results... |
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