Vivomedica Share Discussion Threads

[oneillshaun] 23/4/2009 17:57

Peter no longer works for the company

[rupert096] 21/4/2009 09:41

AIM mass exodus as firms raise just £3m
Geoff Foster, Daily Mail
19 April 2009, 10:23pm

AIM, the London Stock Exchange's premier junior market, is dying on its feet.

Struggling: LSE junior market AIM isn't doing too well

It hardly raised a bean in the first quarter of 2009, says the latest quarterly analysis by Deloitte, the business advisory firm.
A paltry £13m of new money was raised on the market in the final quarter of 2008 - the lowest for a decade - but in the first three months of this year that shrunk to an embarrassing £3m.

More than £300m was raised in the first quarter of 2008.

Over the past 12 months there have been just 87 listings on AIM, compared with 2005's record number of 519.

Instead, companies have been leaving AIM in their droves.

After 258 delisted in 2008, a further 77 companies have delisted in the first quarter of 2009.

Delistings have been driven by financial stress, the costs of being listed on AIM and by advisers resigning.

AIM rules require firms to have a nominated adviser at all times. If they say cheerio, then companies are forced to quit the market.

Richard Thornhill, capital markets director at Deloitte, warned there is no end in sight to the woe.

'We expect the coming months will see a continued exodus from the market of those companies which do not see value in maintaining their AIM listed status', he said.

[oneillshaun] 17/4/2009 19:03

yeah i think we can no reason not to.

[haff1] 17/4/2009 18:45

I hope we can keep this going after the de-listing.... if only to keep all in touch as PIs...

[oneillshaun] 14/4/2009 17:34

Anybody know if Peter still has a job?

[ariane] 14/4/2009 17:23

off to choir practice tonight

[wild bill] 14/4/2009 15:03

Hoy, lend me that planer of yours!

[pc4900074200] 14/4/2009 12:25

dig, you never know we may meet in the future at a meeting when we might just
turn the tables on VVM if there are a group of PI's left holding more than 20m?

pc

:-]

[digger27] 14/4/2009 12:17

pc - from one fool to another you fool!!!

Trouble is none of us can value what the company actually has and can only go by what the market thinks. I think its worth a darn sight more than the current £200k ffs. I think a good deal of progress has been made on the product fronts but time was not on our side and the costs of keeping it listed were prohibitive.
The private investors willing to inject funds obviously want their money back and more...I just hope they don't dilute us existing holders to oblivion.

I have kept my entire holding even though it has cost me very dear.

Good luck to all.

[pc4900074200] 14/4/2009 11:21

Call me a fool, but I have bought and had to place the order?
Will now be holding a third of a M. for future use.

Have been told that I will have the contract order on paper but
may not get the cert to go with it.

pc

Edit: Did not get what I wanted. Only 150,000. max. they would do.
Still, hold over a 1/4 m.

[wallabybob] 26/3/2009 12:05

yeah great if you've got some cash left!!

[malctim70] 24/3/2009 21:07

Thanks for that Rupert096

[rupert096] 24/3/2009 16:26

From my inbox today:
Groucho Marx once said that he 'would not join any club that would have someone like me for a member'. It's a sentiment some companies might wish they had heeded before they joined the London Stock Exchange's club for small companies, AIM.

Now, members of the AIM 'club' are heading out of the door. The number of AIM-listed companies has fallen from 1694 at the start of 2008 to 1514 today. That's a consequence not only of companies exiting the market, but also the reluctance of any new companies to join.

The City hates this. It's a valuable source of advisory fees drying up in front of its eyes. But private investors should cheer. I'll explain why in a moment. But first, let's find out what has gone wrong.

Here's what's really gone wrong with AIM

Many times people have said to me 'the trouble with AIM is that there is too much rubbish on the market'. In other words, there are too many low quality companies with little realistic chance of rewarding investors.

I don't see it that way. You just can't generalize like that because there are all sorts of companies on the market. There are companies that have been around for years and those that have little trading history; companies that need money to pursue speculative mining projects or find medical cures; companies that want to pursue an acquisition-based strategy, and companies that are happy to just plod on. But for most, the common denominator is that in order to pursue their strategy they need to raise equity finance – not only when they first come to AIM but also at intervals thereafter.

This requires two things. It requires a real commitment on behalf of investors to properly understand these companies and allow for the fact that the corporate journey of small companies is never smooth. Secondly, it requires that when new shares are issued, the price strikes the proper balance between risk and reward.

Let me deal with the first point. It's all too apparent from my regular conversations with small company executives that their City investors make only the most cursory attempt to understand their business. They are all too ready to abandon ship at the first sign of trouble.

The bigger problem, though, is the unrealistic valuations put on AIM shares in the first place...

I met one savvy fund manager who says that he never buys into new issues because they rarely deliver against the forecasts made at the time. Once a company admits it is falling short of expectations, a vicious circle can quickly develop. The share price falls, it becomes impossible for the company to raise further funds, analysts conclude that it is not worthwhile to write research notes and everybody just wants out. Of course, the share price plummets.

Why the AIM exodus is good for small cap investors

Here's what needs to happen. All parties need to realize that the forecasts need to be set with extreme caution. This caution then needs to be reflected in the valuation put on companies when they first come to AIM. Fund managers need to drive a much harder bargain, and the companies and their advisers need to accept a lower price for newly issued shares than they would like.

To put it another way, there is a price for everything. The pricing of AIM shares, especially when they first come to market, has been too high. A painful adjustment must be made and it is the companies themselves that are taking the lead...

Only yesterday Bateman Engineering (ticker: BATE) decided to quit AIM. It blamed its low share price, its inability to raise equity capital, the low turnover of its shares, and the costs and responsibilities of a quotation on London stock market.

Institutional shareholders are now getting annoyed. They are unhappy both at the prospect of companies going back into the private sector at a low price and at the difficulty of trading shares in a private entity. But they only have themselves to blame for failing to give these companies proper attention and support in the first place.

For private investors, the good news is that the market is becoming cheaper. The hype that has at times surrounded AIM is gone and as disillusion sets in, smart investors can pick up bargain shares. The club is becoming more select – and as we all know, the most exclusive clubs are always the best.

The hype indicator has stopped flashing. This is a great time to be buying good quality shares while they're cheap.

[oneillshaun] 24/3/2009 14:03

Baracuda2 - I am not selling mine, i would rather hold on and see what happens.....

[baracuda2] 24/3/2009 09:56

Why are people selling, there shares are worthless now, must be crazy, dealing costs must be more!!

[baracuda2] 23/3/2009 11:46

I have 100,000 of these, not worth selling so I will be holding these for the a while.

[haff1] 20/3/2009 14:12

.. appreciated pc.... trouble is what is ther to say?...

[pc4900074200] 20/3/2009 14:08

From the total lack of posts from any of the regulars and the absence of
any other PI's posts I take it that VVM is 'dead on the ground'.

So far today has seen 2% of the ten that if retained would have allowed
PI's some future leverage.

I will be retaining my shares and have already sent the proxy form back
with a rejection mark in place. Though, it will be of little effect to the pending result.

The Management will be pleased with the slow but steady flow of sells
as another company slowly slips out of AIM. and another group of investors
are fleeced of their money.

On de-list day I will tidy the header removing the charts etc. leaving just the
details of Company and a link to the website for any remaining shareholders
to use.

pc

[malctim70] 18/3/2009 08:55

My sympathies to the guy who was robbed in 40 min the other day....
I take no comfort from any shares being traded on aim.....like many, I am sick of the outrageous spreads (especially this one) the manipulation, the corruption and the downright criminal (I was one of the poor sods in lgb).
Leaving aim does'nt bother me at all....It is like taking a step back in time to how the stockmarket used to be run....
My concern is whether VVM has what it takes to survive and prosper and what do the new financial backers want in return for their money.....questions we may have to wait a while for the answers......

[malctim70] 17/3/2009 08:31

Just put in a limit order for 500k @ 0.03p......50% profit is enough ......

[malctim70] 17/3/2009 07:56

I see the mm's mugged some poor sod of £400 yesterday......