We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Viridas | LSE:VIR | London | Ordinary Share | GB0001636918 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.275 | GBX |
Viridas (VIR) Share Charts1 Year Viridas Chart |
|
1 Month Viridas Chart |
Intraday Viridas Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/2/2019 | 20:48 | Stanley Wootliff Supporters | 117 |
| 31/1/2014 | 04:07 | Virus Allert | 12 |
| 13/7/2012 | 14:39 | Viridas - the Russians are coming!! | 1,323 |
| 24/2/2012 | 12:30 | VIRIDAS : The basic essentials of VIR at present | 633 |
| 26/9/2011 | 13:37 | Charts etc.... | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
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 12/5/2012 12:53 by marab xcap - lot of us are like Bronislav, we are invested and we are quietly waiting for the next bit of news. I like the fact that the directors haven't just rushed out to spend the cash, but are taking there time to decide their next investment. I look at it from the point of view that some AIM companies have recently had deeply discounted placings of up to a 50% discount to the share price at the time . Now while that sucks if you hold the shares, it's a lot better if you are involved in the placing and know where the company is heading, and that is why it makes more sense to be in VIR than the target companies. We are seeing cheaper and cheaper SPs on most AIM stocks, often on good sound companies that have just been caught up in the general flight to safety (a bank account paying nothing pence in interest and inflation running about 5% per year). Those good companies are watching their share price fall and some of them need money to upscale or otherwise move forward. Banks don't want to lend, even to each other, so where is the money coming from? VIR have £3m in the bank and can make cash available as soon as needed as xcap mentioned earlier. I hold a lot of stocks that worry me because at any moment they might issue the dreaded placing RNS, but I hold this one because it's on the flip side - the one taking part in the placings. And its trading at a large discount to its largest asset - cash. I'm looking at a few stocks that have dropped way below fair value for their assets (and own many of them ;( ) and am toying with buying more. The directors of VIR must be doing the same but looking at buying in at prices far below those that I will get on AIM. Barring unforeseen circumstances I would expect AIM generally to drift down over the next few months as it usually does, so I am holding back a bit of cash for better bargains at that time, so I am quite happy for the directors here to be doing the same. The above was a bit wordy but the summary is basically that this company has cash as its main asset with a history of doing well with its investments, and the price of buying into that cash is going down every week. The share price is going down but the cash asset remains the same, logically is that a reason to sell VIR? |
Posted at 11/5/2012 11:54 by marab xcap - at the end of the day if more people want to sell than buy the share price goes down. Those that make the money buy when no-one else wants to buy then waits. As you said 'provided you have not bought a real dog in the first place', and here we have a stock valued at roughly 2/3 cash alone. Good example with BRDY, people are paying extra in the hope of a good deal, here the management has already done a couple of excellent deals and will hopefully do the same in the future, and we are trading at a large discount.Funny thing about stocks, most people happy to pay twice the current share price 3 months ago won't be buying at this price ie. 50% off, yet the only thing that has really changed is the share price Look at yearly graphs for most stocks on the markets and see where the highs and lows tend to be. Difficult to see the possibility of a placing here at the moment, and even if all the investments dropped to zero value we would still be left with about £1.50 in cash for every £1's worth of shares. I wouldn't advise anyone to buy or sell this stock, but I would advise them to have a look at what they would be buying here and then compare that to other AIM stocks, then work out the best place to put your cash. |
Posted at 13/3/2012 15:52 by skiboy10 Full articleViridas takes big stake in Pan Pacific Aggregates - Update 2:04 pm by Philip Whiterow Viridas taken a 16.5 per cent stake in Pan Pacific. Viridas taken a 16.5 per cent stake in Pan Pacific. Viridas (LON:VIR) has emerged as a major backer of Canadian-focused aggregates group Pan Pacific's (LON:PPA) recovery plan. The Aim-listed investment firm has taken a 16.5 per cent stake through a £300,000 subscription for 12 million shares in a placing that raised £780,000 net for Pan Pacific. As well as the new shares, which accounted for 36 per cent of the placing, Viridas will receive six million warrants exercisable over the next twelve months at 5p per share. Pan Pacific rose sharply on the news of Viridas' stake to 4.18p compared to a placing price of 2.5p. Its chairman Lynda Chase-Gardener and executive director Euan McAlpine will take 600,000 and 1.6 million shares respectively in the placing in lieu of salary. That will take Chase-Gardener's stake up to 0.83 per cent with a further 300,000 warrants, while McAlpine will have a 4.54 per cent stake and 800,000 warrants. The fund raising follows a £2 million equity drawdown agreement with Yorkville Advisors signed earlier this month. Pan Pacific, which has a quarry and other interests in British Columbia, said the net proceeds of the placing will be sufficient to fund the organic growth of the business into 2013. The company also proposes to make a further payment out of the net proceeds of the placing as part of the terms of the creditors' voluntary arrangement announced last May. Chase-Gardener said: "The company is steadily improving its cash flow and this placing will assist significantly in the further development of our attractive Canadian assets. It is also a clear demonstration of the confidence in the future of the business from a combination of both existing and new shareholders". Nicholas Lee, Viridas' chairman, added that Pan Pacific represented an attractive opportunity to invest in a business operating within the Canadian aggregates sector with scope for expansion and development. "This recent placing will better position the company to take advantage of opportunities that may arise," he added. Pan Pacific's aggregates business operating in the Fraser Valley close to Vancouver in Canada. Fraser Valley is currently one of the fastest growing areas in the region, with the local government committed to infrastructure development. Pan Pacific currently operates the Quadling quarry producing processed hard rock for the local market. "Having commenced operations 18 months ago, all the necessary infrastructure is now in place and all capital expenditure has been completed so the company is moving ahead to full production," Viridas said. |
Posted at 17/2/2012 21:10 by howdlep A few points guys if I may:-1) I take the RNS today to mean they have sold their BRDY shares, so I would expect both BRDY and VIR to issue zero holding RNS' 2) VIR do not own LDP warrants. They have the right to exercise the warrants at a price of 0.15p up to a certain date (which I would need to check the RNS for expiry date). By exercising that right and then selling the shares in the open market, they then realise the financial gain, which they pay tax on. However, why exercise now when they can just sit there and await LDP developments? If the share price of LDP goes down in the future then they will not exercise until such time as LDP's price recovers. If the LDP share price goes up, then VIR can exercise when they judge it is the best time to do so. Remember they need a buyer for the 166m shares when exercised. At the moment there is a big buyer for LDP shares, so I am a little surprised they havent exercised and sold. 3) If VIR do not do anything within one year they will return the cash that remains to shareholders, less closure fees. Otherwise VIR will be suspended. 4) An AIM cash shell is probably worth approx 300k to a buyer so add that to the shell value. 5) My money is on a big investment being made by VIR and I wouldn't be surprised if they are not already working on it. I hope that adds to the debate. I hold VIR and ZOL |
Posted at 15/2/2012 11:23 by howdlep Remember we hold 166.66m (@ 0.15p) LDP warrants which will be exercised and sold in due course. At the moment LDP is very strong so management may not be in any hurry to realise the gains just yet. We also have that BRDY investment which is already in profit from 1.15p. Exciting times are ahead. Time for VIR share price to play catch up imo. |
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.' |
Posted at 27/1/2012 15:56 by pamelling Come on Mr Lee, buy the warrants in LDP and let's get some true value in VIR share price .. |
Posted at 24/1/2012 23:17 by steddieddie Fantastic business decisions in "new" VIR's very short life, so new that some people haven't caught up with the change of business, UK-Analyst in its Stockmarket Reporter this evening referring to VIR as a "waste management firm". As it happens, it also said it had sold only three quarters of its 22% stake, clearly not correct, and that it had retained a "small stake". Obviously, that will be the tiny matter of 167m warrants already in the money to the tune of £500k and capable of enabling them to retake a 6% stake idc. Oh dear!Just goes to bring home how little VIR is understood and probably explains why the market is lagging behind with its valuation following recent events. The LDP success goes without saying but what a brilliant 4-week gain, now locked in and ready to go elsewhere. Today their other investment, Brady, held for only 3 months, went up 50%+, making an overall gain of 130%+ since acquisition. LDP warrants still held, already "in the money" by around £500k. What a month! Surely VIR is now well ahead of its business plan and has the spoils to do virtually anything it wants. That said, progress has been seemingly too quick for the market and a catch up looks well justified. A month ago VIR had a £2m market cap comprising c. £1m cash and a single investment in Brady worth c. £340k. So, roughly speaking, at .35p, it was trading at a premium of c. 50% to its assets i.e. 50% of "hope value". Not untypical for this type of investment co, I would say, where respected new management has arrived and near-term action is anticipated. Anyway, only one month later, VIR's market cap has increased by around 85% whereas its assets have increased by a staggering 320%, importantly mostly capitalised and therefore freely available for more of the same. In numbers, VIR now has a £3.75m market cap against presumed cash of £3.37m, plus warrants currently worth c, £500k, plus Brady has moved on today to c. £435k, a total of £4.3m. This represents a trading DISCOUNT to NAV of c.12.5%. Any level of fairness should see it move back to align with the 50% premium in respect of "hope value". This alone would justify a share price today of 1.12p which, of course, would merely represent a "fair comparative point" in anticipation of the next value accretive deal. Should such a deal then duly arrive and be anything like we've seen these last 3 months, then on we go again. I'd say LM's forecast of 3p is looking less and less stretched! Meanwhile, on Brady, doesn't VIR already hold 29.4%? Surely not much scope to increase this without triggering a full bid? Personally, I can't see any sense in that because I'm sure both Companies can prosper much better with their separate identities and listings. |
Posted at 24/1/2012 15:31 by liquid millionaire Leed Petroleum stumbles as Viridas sellsInvestment company Viridas (VIR) saw its shares jump more than 12% on Tuesday after it announced that it has sold 592,666,667 ordinary shares in AIM favourite Leed Petroleum (LDP) at an average price per share of 0.48p or for an aggregate consideration of £2,869,200. Following this sale, Viridas will continue to hold 166,666,667 warrants to subscribe for new ordinary shares at a subscription price of 0.15p per share. "Given the increase in the valuation of Leed, and the strong interest in the company being shown by a range of investors, Viridas has decided to sell the majority of its holding in order to make funds available for other investment opportunities," explained Viridas chairman Nicholas Lee. He added: "I continue to believe that Leed represents an exciting investment opportunity and so Viridas has decided to retain both a financial interest in Leed and I will also continue as a director of the company." Leed Petroleum shares have ruled the oil and gas producers sector for more than six months, adding 414% in the last three months alone. But Tuesday's announcement from Viridas saw Leed stock tumble more than 19%. Lee said that he firmly believes that Viridas's strategy is capable of creating significant value for shareholders, as demonstrated by the substantial return made from its investment in Leed. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
