|Visual Defence Inc.
||COM SHS NPV
||EPS - Basic
||Market Cap (m)
Real-Time news about Visual Defence (London Stock Exchange): 0 recent articles
|moneyman18: De list == 7p Non De list could be BIG; Someone has to offer the guy who has supported the share price at least 18p a share for half his holding
I will be watching with interest, Next Monday ? is the the date|
|dasein: a nice blue website riv..just like the share price today :-))|
|rivaldo: Nicely put Carlos, good to have a sensible post here worth responding to for a change.
Obviously VDI's H1 results were disappointing, but the current share price makes VDI a bargain imo at a £4.4m m/cap given tangible NAV at well over twice that figure and prospects going forward. The illiquidity/lack of interest affecting both AIM and this stock in particular exacerbates price falls on any selling at all until good news comes along or until there's a little buying interest from those with a longer investing timeframe than a couple of months.
So does that mean you've slashed and burned here or is this one of those with "the greatest potential"?!!|
|rivaldo: The market is inefficient - which gives those of us with an eye for small cap stocks a chance to make hay before others catch on :o))
I'm hoping one or other of the share mags or tipsheets will notice this one. Once the share price is seen to be climbing there's often a snowball effect, with others getting the confidence to come aboard. With recent RNS's and the price starting to recover you'd have thought it'll only be a matter of time.|
Good thinking about the Scandinavian link Dasein. I do like the fact that for a £9m m/cap company VDI have such a global reach. It means that the potential for growth - and share price outperformance - is huge given the worldwide demand for security and surveillance services.
Especially from such a standing start given that the m/cap is barely above net cash.|
|rivaldo: Happy to hear that PAR12 - certainly with over 10p per share in cash and operating profitably VDI are worth a hell of a lot more than the current share price imho.
But why May 1st? Am I missing something, or are you being cryptic again?!!
We should have an AGM statement to look forwrad to soon as well - last year's was 31st May.|
|rivaldo: Tiswas, last year's finals were out on 25th April so hopefully not long now.
I do have a copy of a Peel Hunt update from last September after the interims. This was produced when the share price was 16.5p with an £11.6m m/cap - now the m/cap is £8.4m, VDI has £7.5m of cash and we know it's produced an operating profit in H2'07...
Here's what the note said:
"Visual Defence (VDI) Interim results. EST: unchanged REC: CORPORATE#
Good interims with sales up 32% and PBIT improved with losses shortening from just under CAD$5m to CAD$3.5m. The cash performance is better with the neutral cash flow for the half and a maintained cash position of CAD$14.6m. The order book is strong and pipeline healthy with new orders coming from a more diverse base of customers and generally showing customers to be taking fuller advantage
of the capabilities of IP video surveillance. This confirms that the transition from analogue to digital surveillance is gaining traction and gives us confidence that the group is capable of pushing through to profitability for the full year at the EBITDA level.
There has been disappointment with this stock before but new management has delivered on its growth promises at the top line, on containment of costs and management of cash. As the IP security market proves out and the returns from VDI become positive, we think that it is time to start taking notice of this business again.
Cash balances represent half the current share price (8.8p) so the trading business, which should be capable of making CAD$2.5m or £1.06m in 2008, is looking lowly valued. The enterprise value is now £5.3m so EV/EBITDA for 2008 is now just 5x. Trust may not yet be fully restored but we believe another six months of strong trading should make the restoration possible and on a 12-month view the shares are beginning the look increasingly undervalued."|
|rivaldo: Hi Dasein, a name I respect from the past. Good to see you here.
Nice article - I've seen other reports about the situation in Ivory Coast settling down steadily (though there's also the occasional food riot!). Hopefully some of that $220m of aid will make its way to the airport as well as into senior officials' back pockets.
If the 2007 results are anything like as stated there's no way imho the current share price - trading at net cash - will stay where it is.|
|rivaldo: I'd assume since the price has moved up it was a buy - unless there's a buy trade which hasn't yet been reported.
Interesting that online I can both sell 25k and buy 25k at maximum, and the buying can only be done at 12.5p, i.e reasonably close to the full offer. Encouraging?
Ponty, I really hope you're right! If so we could be looking at a 400p share price. Which would be nice :o))
100p would do me fine though.|
|hugepants: Balance sheet is still extremely strong.
Cash = 10.5p
Net liquid assets = 14.7p
NAV = 23.5p
Just amazed the price has dropped this low. As rivaldo says profitable in H2 and the directors were buying in large quantities at 16p-17p last year.
Its almost as though no-one believes the mega airport contract (£70M - £125M over 25 years) is for real. Its just too big! There would prob have been a more +ve effect on the share price if they had announced some contract worth £5M over 3 years or whatever.|
Visual Defence share price data is direct from the London Stock Exchange