VLG are barely making a profit, struggling to break even. |
I bought in today as APH for me is now derisked. 2x leverage, clean results now and a solid platform to build from. Dbay will almost certainly bid and whilst we wait 1x revenues and low teens rating is historically very cheap. Risk to the upside. I hold VLG too. |
Well, after all I was not too far away! Seems that impairment calculation was the main issue.The company has a record of impairment that I understand comes from overoptimistic investing decisions from previous years.Time to tidy, clean and start looking for real value products to offer. |
Delays x3 were not justified based on these results. Balance sheet solid. |
Go to your new gnc baby and make fresh sandwiches and salads safe to eat ;)) |
New ceo with the backing of Dbay ..future is up towards 100p+ |
Analyst targets of £1.30 a share seems reasonable here £30 million PBT and mkt cap £190million, with business growing, impairment charge covered. |
Like I thought BH untimely left and now turned negative trying to get back in lower ..fat chance ;)) |
Impairments of £79.3m burn more cash in the stroke of a pen than the KLF ever got through, worsening losses deserve a positive percentage measure - Divi paused |
And the Dutchman has also left coldsweating ;)) |
I think BH untimely left yesterday coldsweating ;) |
Dividend needs to be reinstated.
H1 almost over. |
So the P/E is <8
Historical 15x |
That looks to be the case |
Interesting that one large investor is bailing out and another piling in. If you owned 25 percent + of the shares would that give you access to the management to find out what the issue was with the auditing before buying another 5 percent |
Well, I will be the first one to make a risky bet.*Impairment calculation - the auditor considers that scars are beautiful and for hence Kelo - Cote sales projections are way too high. There is an ongoing dispute about the Impairment which will settle down in a shouting contest. |
Few new posters cropping up.
In case there's a bid you have to be in it to win it! |
Any bets on why the results have been delayed?I would like to hear a good story behind it to be honest. |
5M buy puts DBay at 29%. |
Thumbs down from a few shorties, having to buy back.;) |
They'll need to hurry up the bidding process before they publish results in a just few days, which imho will be pleasantly good. |
If one assumes the last two large deals involved Dbay, that would bring their holding to just below 29.9%. With their track record, it is most likely that they will mount a takeover bid |
Is there going to be a mandatory takeover bid from Dbay?? |
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