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Share Name Share Symbol Market Type Share ISIN Share Description
Eight Peaks. LSE:8PG London Ordinary Share GB00BG86C059 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 8.50p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
8.00p 9.00p 8.50p 8.50p 8.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.5

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Date Time Title Posts
23/1/201922:448 PEAKS -investee company - VIRTUALSTOCK AIM IS TO LIST, POTENTIALLY ON NASDAQ 1,150
23/1/201920:53Eight Peaks Weather Only446
23/1/201912:58Eight Peaks Group832
17/1/201913:18Dave’s mother 75
06/1/201910:31The pickles charity fund2

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Eight Peaks. Daily Update: Eight Peaks. is listed in the General Financial sector of the London Stock Exchange with ticker 8PG. The last closing price for Eight Peaks. was 8.50p.
Eight Peaks. has a 4 week average price of 8.50p and a 12 week average price of 8p.
The 1 year high share price is 32p while the 1 year low share price is currently 8p.
There are currently 17,988,255 shares in issue and the average daily traded volume is 17,412 shares. The market capitalisation of Eight Peaks. is £1,529,001.68.
cpap man: Yes i did mudbath as whilst 8PG are AIMHO of course a sh*t or bust case now [a bit like TERN really] if VS really does turn it's fortunes around in 2019 then the 8PG share price should respond mega time as 8PG are seriously more than ever now leveraged to the outcome at VS Once again AIMHO 8PG will either go bust or be a 10 x BAGGER in 2019 - time to place your bets!
chinese investor: I've just returned from a splendid lunch at "Rules Of Covent Garden" with Chums and Ex Colleagues (Redvers, Bertie, Eric Clapton, Tibs, Minka, Cozy, Bellie, Bumpy, Felix, Wiz, Offy and Copperbottom) who are all MMs. Naturally we talked about 8PG. They'll all be lowering the 8PG price first thing Monday morning because some psycho is having a fire sale ! I can recommend the trout !
belt n braces: THE FAKE NEWS THAT IS SHAREPROPHETS I have copied the recent Shareprophets Article below, my comments are in bold/ brackets: 'Following on from the piece published here at ShareProphets, the long awaited [not long awaited, the results are always published in December within the 9 months required by companies house] release of Eight Peaks (8PG) principal investment Virtual Stock Holdings yesterday reiterates the point we made as to how the end game is now upon Karim and his long suffering shareholders. Check out the report at Companies House. For a business supposedly worth £70 million the accounts sure do not look to support anywhere near such a valuation to Mr Karma. Firstly, the company looks to be balance sheet insolvent with just under £4 million of near term net liabilities.[the writer here is referring to the subsidiary, Virtualstock Limited, not Virtualstock Holdings. Eight Peaks has a shareholding in Virtualstock Holdings, with Virtualstock Holdings having 100% of the share capital of Virtualstock Limited. The holding company, the one that matters has near term assets of £ 5 million, therefore is in no way balance sheet insolvent. ]. There is no P&L breakdown but given that the company is not in a position to pay a dividend then the P&L reserve movement of just under £3 million gives a pretty accurate estimate of losses incurred last year.[Agreed there will be a loss, which you can expect from a company that is in early stage growth] As I stated in the last piece here - "I rather suspect that VS is looking for fresh funds and any new investor or existing investor will cut the valuation materially. More worryingly for 8PG shareholders is that as per the conclusion below, the problem is that 8PG has no funds to hold its corner in any raise. It is a dead cert that the company will be looking for fresh funds of at least £5 million if not more in the near term and sadly for Eight Peaks shareholders Karim has run 8PG's coffers bare and so dilution on a massive scale if he tries to maintain VS exposure looks all but inevitable.[Wrong again Mr Karma, fundraise done at 10p which so far has not diluted the share price any further] The other worrying element of the accounts is the ballooning of the trade debtors figure from just under £400,000 to near £3 million.[Seriously, what do you expect in a company that is growing. The increase of debtors on that scale actually signals a massive growth levels over the financial year. Without having turnover figures, you cannot work out what debt collector days, etc are, therefore Mr Karma's assumption is actually very stupid. Also noting the type of customers VS have, eg Government NHS, and quality commercial companies, it would be unlikely VS have difficulty getting their debts paid] This implies difficulties in collecting on debtor cash and will only exacerbate the looming cash crunch. The non trade debtor figure of near £5.2 million owed to the holding company implies that this capital has come in as a loan [Capital would have gone into the holding company, and then it would be usual for a loan to be made to the subsidiary. This is common practice between holding companies and subsidiaries, very normal and an inter-company loan that may not require to be repaid - considering VS Holdings owns 100% of VS Ltd, therefore what is the point of repaying that? Certainly in the short-term, makes no difference.]and not as equity and again gives an indication of the looming minority equity wipeout[Why would there be a minority wipeout of Virtualstock Limited (the company Mr Karma is reporting about here). There are NO MINORITIES, as I stated above VS Ltd is 100% owned by VS Holdings - therefore no minorities] we suspect is about to occur with this being converted into equity if other minorities do not step up in a raise. Sadly this is how business works - take advantage of weak situations.[An inter company loan between a holding company and a 100% subsidiary would not be converted to capital, even if it was, the shareholding, ie 100% stays the same! YOU REALLY WOULD NOT TRANSFER THIS TYPE OF LOAN TO EQUITY AS THE REASON FOR MAKING A LOAN TO A SUBSIDIARY IS THAT THIS IS EASIER REPAID IN THE LONG TERM - EG LOAN REPAID WITHOUT ANY HASSLE WHEREAS REPAYMENT OF CAPITAL WOULD BE REPAID VIA A DIVIDEND AND THE HASSLE ATTACHED TO THAT - THAT IS THE REASON FOR THESE TYPES OF INTER-COMPANY LOANS - MR KARMA DOES NOT SEEM TO UNDERSTAND THIS AND HAS SOMEHOW CONFUSED THE MINORITIES OF THE HOLDING COMPANY WITH THE SUBSIDIARY(WHICH HAS NONE). NORMALLY THE LOAN WOULD ONLY BE REPAID TO THE HOLDING COMPANY WHEN THERE WAS SUFFICIENT PROFITS TO DO SO AND TO ENABLE THE HOLDING COMPANY TO PAY A DIVIDEND TO THEIR SHAREHOLDERS. THAT'S HOW THESE ARRANGEMENT GENERALLY WORK. ] My advice to Eight Peaks shareholders is get out now while you can as I cannot see a single solitary reason at this juncture to support a new equity raise in this company that would, in any event, all but wipe out current equity holders. De-listing looks to be the next step.[De-listing, wrong on that one as well]
belt n braces: I think it is interesting that the shareprophets article has been written at this time rather than a while back when the share price was three times higher. Regarding the recent share price fall, I would imagine if we were all honest, we all sold into that fall. You cannot simply watch the value of your investment go down and not take some action. During that time I personally sold circa 1.5% of the company. I can now buy that back and a lot cheaper. So why should we buy back? Well in my view, the company is basically priced as going bust. If the price falls below 10p, you can purchase 3% of the company for circa, £ 30K. £ 30K is a lot of money to most punters but likely a small proportion of other punters total portfolio. So we have Zaf here along with Lord Monson, with all their apparent 'connections' and I suppose fund raising credentials. Have they been stringing us along all the time regarding Virtualstock's potential 'unicorn' valuation, or even the possibility of Virtualstock floating at a value that deems 8PG's value to be multiples of where we are today? Does Virtualstock actually have all the NHS and private sector business as has been stated? Nothing positive noted on that front by shareprophets? On a positive note, good publicity is best but bad publicity is better than no publicity. So in that regard we should likely be grateful to shareprophets for bringing 8PG to the attention of the wider investing community. You never know we may have some new buyers, because at this price, the company is valued as though most, if not all the investee companies are worthless. I will continue to buy at below 10p until such time I own just below 3% of the company. Am I a muppet, probably so, but this is the only company in my portfolio that has such a small market cap (everything else is > £100m market cap). Like all stocks with these small market valuations, 8PG is not without risk. However, I continue to have confidence in Rene and that he will obtain a decent float value for Virtualstock. We will also have the Virtualstock results which are due before the 31st December. So that is my present take on things, and it will be interesting to see how this story develops over the coming weeks and months. As always DYOR.
cpap man: Well 8PG got down to my 10p share price target - a share price that even the TROLLS would no doubt agree offered an outstanding buying opportunity against the [reduced] value of VS alone!
michaelsadvfn: mornin’ dave. here’s some food for thought for you... if VS has 5 of the top 6 retailers on board why is the share price at an all time low? if they had all 6 the share price would still be at an all time low. Could it be the mm’s are just keeping the share price low to pick up cheap stock? dross, the lot of them.
cpap man: Many thanks Belt n braces for your reply. As you are LOL the only poster on this 8PG thread that is not FILTERED i will have to take your word for it. My own view is that the 8PG management need to seriously get a grip as the market does not obviously believe a word hence the current crazy 8PG share price!
mudbath: Yet if the VS valuation is becoming suspect,the only prop for the 8PG share price comes under pressure. We could see a bounce in due course but we could also have a look at the low teens first.
cpap man: So Belt n braces what does that equate to in terms of a 8PG share price and/or MKT CAP? Current MKT CAP is only around £2M....surely this is far too low?
mudbath: Unfortunately for 8PG holders,even if VS were to be sold for,say,£100million,the appropriation of that portion of funds due to 8PG is unlikely to utilised to provide a dividend for shareholders.Rather, Zafar Karim is more likely to continue with his cavalier and chancer like strategy for acquiring further interests in potential investee companies of doubtful quality;the most likely target being an increased stake in that nebulous NZ outfit known, locally,as IBS;at or above its existing(suspect)valuation. If Zafar Karim were to state that (say)45% of any VS windfall WOULD be paid to 8PG holders as a special dividend,then possibly the share price of 8PG might reflect this clarity and rise from its multi year low.
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