Legendary Inv. Share Discussion Threads

[mrphiljones] 26/7/2017 13:15

lol....;-))

[carefreesid] 26/7/2017 13:05

No chance with the OAP in charge.

[professor pettigrew] 26/7/2017 13:02

Lol! I'm not even that keen on football!

[carefreesid] 26/7/2017 12:55

I'm quite disappointed. As a Gooner, I would have felt morally obliged to have shorted it.

[kemorkid] 26/7/2017 12:37

Well done Prof,
Takes a man to admit a mistake.

[professor pettigrew] 26/7/2017 12:31

Thanks for that sid. I thought it a bit odd. I was watching CNBC but the sound was down as I was on the phone. Put 2 and 2 together and came up with 5!

All the more room for VS now then.

[carefreesid] 26/7/2017 11:56

I think you got your wires crossed, Prof.

[professor pettigrew] 26/7/2017 11:37

Many thanks for that article sam. It does indeed point to the Trustees selling off enough LEG stock to satisfy the creditors.

Mind, it does other people a favour if they want to add to their holdings at this ridiculously low price.

[sam the man1] 26/7/2017 11:33

Nothing important but I found this and some 226,000,000 of these shares would have been in LEG so maybe Philmiboots could be correct when thinking the Trustees are the ones doing the selling?

In this case the debtor transferred shares in various companies to a family member and also through that family member to other family members in the period between presentation of the petition and the Bankruptcy Order. On the eve of trial all the Respondents restored the shares and the Trustees sought recovery of the difference in value between the date of transfer and the date of restoration. It was determined that the court needed to restore the fund preserving its value for the benefit of creditors as it was at transfer. The Judge had expressed a preference for the Trustees’ expert evidence as to value in the sum of £2,216,000 and the recovery would be net of the value of the shares at the date they were returned.
Re Eatisham Ahmed (2016) EWHC 1536( CH)
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[professor pettigrew] 26/7/2017 11:08

Well, their banners were all over the nasdaq yesterday, and they rang the bell to start trading, it was also mentioned on CNBC.

What on earth the connection is between a north London football team and primarily a tech index is beyond me.

[carefreesid] 26/7/2017 11:00

Really? Spurs on the Nasdaq? Wow.

They have no US interests, so perhaps I heard wrongly about that.

[professor pettigrew] 26/7/2017 10:53

sid - points taken.

However, we don't know what is planned for VS going forward. They may be very near securing more contracts.

Also I don't think Mills would have even mentioned a float to the Wall St Journal if they weren't 100% sure it would be successful. They may already have made preliminary overtures in the USA and are confident it will all work out.

As regards Zaf increasing our stake yesterday (I think we originally had 7.1% now it's 7.2% so we have (just) increased it), I see that as a vote of confidence. Because of Zaf's shareholding in VS and his pro-active relationship with the board, he obviously thought it well worth spending that to keep us on the pace. Don't forget he will be well aware of what is happening, and will be informed about how contract talks are going. Obviously he won't be able to impart that information via an RNS until officially told by VS themselves.

Yes, it does look as though someone is still selling, but that will turn eventually when VS starts to re-rate.

It would be interesting to have some more script from Beaufort on their valuation of VS. They have it down at 4 times what was quoted in the RNS, and think we should be trading around 0.7p, so there are quite a few disparities appearing. We need to give VS time to get it all together, I have every faith that they are, and Zaf made the correct decision yesterday.

On a lighter note, I noticed Tottenham Hotspur floated on the Nasdaq yesterday - bizarre in my view - so if a football team can do it, I'm sure VS can!

[gbenson1] 26/7/2017 10:36

I think the sentiment on the stock is negative, given the 2 recent RNS read in conjunction with each other, we've had to pay 200k+ to get back to our original 7.2% holding which makes no business sense, it's only a % or a number. Secondly Zaf didn't have the business acumen to find the 4m+ himself to increase our stake, and Notion jumped in ahead of us!! VS is now playing with the slightly bigger boys. There is still plenty of value in VS for LEG but patience is the game.

[carefreesid] 26/7/2017 10:32

Sorry to pour cold water here, but I dont see why there has been so much recent excitement.

VS have raised funds, which is a two edged sword, at a level below what most thought it was worth.

LEG have spent a big percentage of their remaining cash in keeping their percentage of VS stable.

It has been known for a while that VS would try and IPO at some point, and though the nasdaq listing is a new dynamic, its not easy to float there. Hundreds of documents need to filed, new companies often have to go to the pink sheets market first, and there has to be evidence of years of rising revenues. Furthermore, unless or until VS gains traction in the USA, it will be tough for them to be accepted onto Nasdaq.

So as far as I'm concerned, nothing has really changed.

VS has great potential, the cash injection should help, but its a long way from nasdaq atm imo.

[mickluv1] 26/7/2017 10:17

Looks like someone is still dumping stock!

[professor pettigrew] 26/7/2017 08:33

Obviously there was a reason for the late RNS yesterday, but it's laughable that it's been missed by the market.

The coming news will all be positive, then watch the share price

[professor pettigrew] 26/7/2017 08:29

Afraid not Mickluv1 - although I'm sure when there is anything to report it will come through.

For now though, the interest is firmly on VS.

Exciting times ahead here.

[mickluv1] 26/7/2017 07:57

Good morning all, given yesterday's news which was surprisingly late in the day I'd expect some action given our market cap should be £4,752,000 without our other investments! Does anyone have any news on these as it's been pretty quiet on all but VS?GLA

[professor pettigrew] 26/7/2017 07:14

Morning all.

Here's to a good day today after yesterday's late RNS. Things appear to be moving on quickly now at VS, I'm expecting some more positive news pretty soon.

GL to all genuine holders.

[professor pettigrew] 25/7/2017 19:10

Nice one Gotto. I get the feeling there will be a few of us adding tomorrow.

Don't rule out another positive RNS to follow in short order either.

[gottopickapocketortwo] 25/7/2017 18:17

This is good news all round - as I said before the valuation will have been minimised by notions assessment team.This would allow notion to get as big a chunk for as little as possible knowing that instantly their stake is undervalued giving them security from the outset with great prospects for the near term.This investment is well placed - I look on it as an investment of around the cost of a modest house (circa 310k south England not included) for 7% of a stoater of a company which has all the hallmarks of becoming a behemoth of a tech company.Gla and glad I hold >1% leg

[sam the man1] 25/7/2017 18:16

Hargreaves Lansdown Ltd 10.3%
Alcazar 1 Pte Ltd 9.8%
Investor Nominees Limited 8.5%
Trustees in bankruptcy of Eatisham Ahmed 8.1%
Ronald Bruce Rowan 8.1%
Barclayshare Nominees Limited 5.9%
TD Direct Investing Nominees Ltd 5.7%
HSDL Nominees Limited 5.6%
HSBC Client Holdings Nominee Ltd 4.8%
Beaufort Nominees Limited 4.4%
Brewin Nominees Limited 3.6%
Wealth Nominees Limited 3.1%
A N Other 22.1%
Shares issued 16/9/16 100.0%
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