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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Viridas | VIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 |
| Top Posts |
|---|
Posted at 27/6/2012 16:11 by skiboy10 8. THAT the investment policy set out below be adopted by the Company as its Investment Policy going forward:"The Investing Policy of the Company The Company will seek to invest in opportunities within the natural resources sector that the Directors believe either are of strategic value or represent a significant value opportunity. The Company is prepared to take an active role in its investments where it is deemed to be appropriate. The Directors plan to adopt a flexible approach, both to the form of the Company's investments and the subject of its investments. This includes making investments in other listed investment companies focused on the natural resources sector, including those with no significant assets other than cash. The Directors believe that investing in other natural resources focused investing companies will provide the Company with greater scope to make and support investments in the natural resources sector. The Company's investments may take the form of: Equity Debt Convertible instruments Licence rights Possible investments could include direct or indirect investments in: Permits and licences Exploration, mining and production operations Processing and development projects The Company may make indirect investments via: Quoted companies Unquoted companies seeking a public quotation Candidates for reverse transactions into quoted investment companies The Company may invest in these types of opportunities through: Acquisitions Partnerships Joint venture arrangements As finance for management buy-outs or buy-ins As finance for pre-IPO, seed and underwriting positions Such investments may result in the Company acquiring the whole or part of a company or project. The Company will consider opportunities anywhere in the world, with a particular focus on Africa, the Americas, Australasia, Central and Eastern Europe and Russia and the former Soviet Union republics. The Company expects to be an active investor in situations where the Company can make a clear contribution to the progress and development of the investment. In respect of other, principally more substantial opportunities, the Company expects to be a passive investor. The Company intends to invest for the medium to long-term. However, should an opportunity arise to realise its investments, the Company will consider these on a case-by-case basis and seek to maximise value for shareholders. The Directors intend to hold all investments for a minimum of 30 days. Other than set out above, there are no restrictions on the Company's investment policy. The Company intends to utilise industry experts in the analysis of proposed investments, and it is intended that the decision making process will be a collegiate, team-based approach, driven by intrinsic value or informed opinion. The returns to Shareholders are expected to be by way of dividends and growth in the value of the Company's shares." |
Posted at 15/6/2012 08:47 by marab And lo a prophet did foretell that which was to come, preaching of dark days and ominous omens.xcap - 17 May'12 - 21:26 - 1205 of 1248 marab, don't you believe it, those who are holding from .25p will be thinking, seriously thinking of stop loss, and exiting before it hits .25p and those , of course who are serious investors and regret not selling higher (having bought at .25p) will simply stick through thick and thin. Those who start selling (and i think its already happening - sells @ .28p for example - want to get out before it hits .25p imo. And imo .25p is very possible. And after that support level is breached, while I think (hope) it is unlikely, if the market continues its volatility .20p may be tested. When I bought at .34p I knew there was going to be far greater downward pressure then upward momentum but that's what sentiment does. Anyway, if it does go down I will have to (use the rationale side of my brain) and average down. On the upside, if it hits .25p I believe it will be short lived and there will be a swift bounce back up to the .30p support level. All imho. |
Posted at 17/5/2012 21:26 by xcap marab, don't you believe it, those who are holding from .25p will be thinking, seriously thinking of stop loss, and exiting before it hits .25p and those , of course who are serious investors and regret not selling higher (having bought at .25p) will simply stick through thick and thin. Those who start selling (and i think its already happening - sells @ .28p for example - want to get out before it hits .25p imo. And imo .25p is very possible. And after that support level is breached, while I think (hope) it is unlikely, if the market continues its volatility .20p may be tested. When I bought at .34p I knew there was going to be far greater downward pressure then upward momentum but that's what sentiment does. Anyway, if it does go down I will have to (use the rationale side of my brain) and average down. On the upside, if it hits .25p I believe it will be short lived and there will be a swift bounce back up to the .30p support level. All imho. |
Posted at 17/5/2012 20:21 by marab worlds lrgest undies - The first funding was for about £1 million at 0.25p, and the second was for £0.5 million at 0.40p, so yes some of the first lot might be being sold off now. Bearing in mind the investors involved I am not sure whether they would be selling a great deal at these prices being at such a large discount just to the cash the company has. Those guys tend to do it the other way round. |
Posted at 13/5/2012 11:41 by marab xcap - the PPA investment came as a total surprise as many here posted at the time. The size of the investment could be for a number of reasons. It might be that VIR took up the balance of the amount being raised and couldn't invest any more. It could be that there was enough downside risk that VIR limited its amount of investment accordingly. There is a third reason that has nothing to do with money. Bruce Rowan, Nicholas Lee and a few others, invest in small AIM companies and we have seen stocks in the past jump simply because a certain investor got involved. I would think that is a fairly exclusive club to get into, and once in it may be necessary to help out fellow members when required. It could be that the investment in PPA was tactical in order to be able to invest in future joint projects. Stake size and spreading risk might be factors as well. The bigger the stake in a company the harder to get rid of at a good price (we were pretty lucky with LDP - or well informed). Putting all your cash in one stock is always dangerous so how many companies is a reasonable spread 5, 10 ? Put all your money into one stock that doubles and life is wonderful, put it all in a company that flies like a brick and then gets suspended for years not so good. Also there is the simple fact that if you invest all your cash you can't invest in anything new without selling some of your investments or raising more cash (and I would not want to see a placing at these levels as us small PIs would more than likely not be includ4ed). A 50% return on £150,000 could go a long way toward covering VIR's running costs for a year so perhaps not a total waste of time. Personally I would be delighted if I averaged 50% per investment, or at the moment, 5%. The PPA investment has yet to prove itself one way or the other, although various posts on the PPA thread give an impression of a company about to move up a gear. Certainly we know that VIR would have had a lot more information made available to them than we will ever see. I personally don't invest in Oil and Gas companies ( except TXO which has other assets), but the best time to invest in any company imo is when they are about to produce revenue after a period of time that has seen the share price slump far below NAV. The risk is greatly reduced at that point yet the companies need for capital often means a heavily discounted placing. Look at the STGR investment in Graphmada as an example. I believe that our Mr Lee has the contacts to find such companies and that's what I am betting on here. The placing that started everything off here was at 0.25p followed by another at 0.4p (from memory - might be wrong), so that means at the current share price we are getting in pretty cheaply compared to the normal vehicles for our investors here. Which is no guarantee that the share price won't drop further of course. I also note that the share holders list on the company website is out of date and in breach of AIM regs and I will take steps to get that updated. |
Posted at 11/5/2012 21:30 by marab xcap - touche! A lot of good investors split the amount they want to invest into a stock and buy in 4 or 5 lots, but I lack the patience for it though I am trying. Lack of news here might give a good opportunity to average down, although to be fair, it's not a bad price now anyway.I'd love to know what projects they are looking at now and, having cash in the bank, I would guess that opportunities are coming to them on a regular basis. Timing the top and bottom has never been my strong point, but if I can get in lower than I sell that's close enough for me. Like STGR, this could be a good investment given time and happy enough to wait and see what happens next. |
Posted at 11/5/2012 14:34 by xcap your post 1156 about sums it up Marab, particularly para 2.ZOL, BRDY & VIR are all linked with some from of cross holding and Directorships. I bought VIR because I think in these turbulent markets, when banks are not interested in lending, cash is going to king. With a keen eye for a deal and an astute board and even more astute significant shareholder(s) (ZOL/Rowen) I think we will be able to strike a excellent price when the right deal comes along or by pulling the rug from another party due to our ability to act bloody quickly because (1) we will be cash buyers/investors and (2) shareholder approval will be fast because the there are only 2/3 significant holders whose nod will be required (who are also very experienced as investors in the resource sector). Another thought: ZOL I gather have RAbromobvich's son involved? I wonder if we should be restricting our reach only to the resource sector and why we shouldn't extend to oil. Plenty of inside expertise and knowledge to tap into via ZOL (and LDP where we still hold warrants?). There may be a conflict with ZOL if they are actively pursuing the same commercial strategy, as I say just a thought. |
Posted at 01/5/2012 13:59 by jojo_jo I guess they still see some value in LDP, so thought they'd hold on to them. Investors do seem to prefer investing directly rather than through investment houses like VIR. However as long as they keep investing wisely and cashing out opportunely they should soon build a cash pile with which they can buy a controlling/operatin We could use an official, complete, current holdings/investments summary from them, just for clarity. IMPO/DYOR. |
Posted at 05/2/2012 16:03 by marab Apologies for o/t but I have started a new thread to help investors decide which online broker to use and I would be grateful for any advice posters might have in that respect. Some of you have been trading shares for years and have probably tried most of the available sites, so I hope you will share your opinions and help other investors find the best online broker. I will be posting this on a few threads, because if no-one knows about it it ain't going to achieve much, so if it annoys you please say so on the HAM thread.BOB Best Online Brokers - |
Posted at 28/1/2012 13:49 by marab steddieddie - truly excellent post. It doesn't matter whether people agree or disagree because you have put in so much detail that they can make up their own minds. No way I am trying to follow a quality post like that except to pick up a point on share prices and NAV, (I own a few VIR so may be biased). Normally with shell companies big investors buy quintillians of shares for an average price of nothingpence each. PIs hear the news and think they will buy in, normally at multiples of the price of the big investors, and the share price goes to a sky high premium to NAV. Here we have the same sort of thing (ask the old VIR share holders how they felt when the low placings were announced) EXCEPT we now have the opportunity to buy in at a 30% discount to NAV, or 5% discount to the cash held by the company. If the deals keep coming anything like the LDP one, the future could be very bright indeed.From an earlier RNS last year - 'Viridas, the AIM listed investing company (AIM:VIR), announces that the Company has raised an additional £500,000 before expenses, by way of a subscription for 125 million new ordinary shares of 0.1 pence each in the share capital of the Company (the "New Ordinary Shares") at a price of 0.4 pence per share (the "Subscription Price"). The Subscription Price represents a discount of 3.6 per cent. to the closing mid market share price on 11 July 2011 and a premium of 60 per cent. to the conversion price of 0.25 pence for each new ordinary shares issued on 18 May 2011.' |
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