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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Legendary Inv. | LEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.085 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.085 | 0.085 |
| Top Posts |
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Posted at 21/10/2018 23:00 by mudbath A bit dated,yet possibly not remarked upon as yet.Previse raises $7m ‘to transform global B2B commerce to instant payment’by Will Peakin/ August 20, 2018/ The funding round was led by listed European fintech specialist Augmentum Fintech PLC and one of the world’s pre-eminent venture capital firms, Bessemer Venture Partners. It also includes participation from Hambro Perks and existing and new angel investors. Earlier this year, London-based Previse created 37 data science jobs in Glasgow, following an £800,000 grant from Scottish Enterprise. The Data Lab’s chief executive, Gillian Docherty, sits on its advisory board. Slow business to business (B2B) payments caused by inefficient payment terms cost the world’s businesses US$300bn every year. Large buyers suffer as well, because a supplier’s expensive cost of borrowing is priced into the cost of the goods or services supplied. They are also perceived to be taking advantage of their suppliers and are facing a growing public and political backlash as a result. Previse enables buyers to have all their suppliers paid instantly, as soon as the buyer receives an invoice. It uses machine learning technology to root out the invoices which are unlikely to be paid, allowing a funder to pay the rest immediately. The small fee paid by the supplier for instant payment is shared between the buyer, the funder and Previse. Bessemer Venture Partners is America’s longest-standing venture capital firm. It has a global portfolio and has invested in companies such as LinkedIn, DocuSign, and Box. Augmentum Fintech is a listed fintech-focused venture capital investor and its portfolio includes leading UK fintech companies such as Zopa, Interactive Investor, and Seedrs. Charles Birnbaum, partner at Bessemer Venture Partners, said: “It is incredible that so much of global B2B commerce is conducted so wastefully, causing suppliers to fail and increasing expenses for buyers. “Previse’ Tim Levene, chief executive of Augmentum Fintech, said: “When we are selecting fintech companies to invest in, as well as looking for new, highly scalable business concepts, we are also looking for an extraordinary management team. “Previse has bought together a talented, resilient and dynamic team with world-class expertise in trade finance, data science and technology. This is exactly the team to bring instant payments to the world of B2B commerce.” Since its founding in 2016, Previse has grown rapidly, signing up seven large organisations as well as receiving significant demand for its InstantPay technology from some of the world’s largest companies. The Series A funding will help scale Previse’s business to meet this demand, onboard clients and further develop its technology. Paul Christensen, Co-founder and Chief Executive Officer at Previse, said: “We opened our doors to customers just over 12 months ago. Since then, we’ve seen huge interest in our instant payment programme from governments and corporates." Personally I just don't see the potential for this business model to work,although such a solution,if workable,would be a panacea for many financial ills. |
Posted at 13/9/2018 21:17 by mudbath On the other hand,read the truth:-"According to Crowdcube's own records, Zapaygo raised £450k from 231 investors on the platform at the end of 2017. This figure is not reflected in filings at CH. The main feature of this campaign was a signed and sealed deal with the NEC Group - to use the Zapaygo app across their venues. In Zapaygo's confirmation statement dated 5 March 2018, the company only has 38 shareholders - none of them are Corwdcube. We spoke to one of the NEC venues today, they dont use Zapaygo as they have their own internal system Qbuster. They said that they had no idea when or if Zapaygo would be installed. We received a reply today from the NEC PR department confirming a 10 year 'commercial agreement' with Zapaygo but no mention was made of exclusivity or any time frame. The NEC Group PR dept put out this in December 2017 - It is for a 10 year exclusive deal with Zapaygo. Although there is no detail. It helped persuade Crowdcube investors to back the company. We asked Zapaygo for answers a while ago but they have not replied. That is not to say there isnt a contract (see above) but it might have been helpful if the pitch had pointed out the start date or if it had to undergo trials? Maybe the lack of funding has caused the problem - although this would be odd, as the pitch never mentioned it being subject to raising £500k. This PR from the NEC Group is currently being used by Zapaygo on another funding platform - angelinvestmentnetwo |
Posted at 30/8/2018 15:55 by mudbath One of the reviews :-"Not what you'd expect from an Angel investment network Surprised that key points in our pitch (traction, CAC, competitive edge, problem/ solution, revenue model etc) were overlooked in favour of questions that seemed to be more specific to accounting. Seems to prefer valuing companies based on asset/ liability ratio (which would immediately exclude any startup, irrespective of whether you have EIS / SEIS) Also not encouraging to see that at least 2 of their recent 'success' stories where investment was secured, no longer exist/ trade. If I was an investor in those co's off the back of this platform, I'd be pretty upset! All in all, proof that as an entrepreneur, you need to choose your investment partners/ investors carefully!" Pass ! |
Posted at 31/7/2018 10:04 by chinese investor Soup or Anyone,When the number of VS shareholders dramatically increased a couple of months ago are the new investors the EIS investors ? |
Posted at 28/7/2018 09:27 by paulthomas103 Personally I have just over 10% of my investments here but I’m fortunate that I can take that risk without it having any effect on my lifestyle. There’s a huge amount of private investors on ADVFN and messageboards are important to help understand what the future holds and the confidence of other investors. Do I think you had an effect on the share price with the NHS delay, yes - I sold 20 million and I’m sure others did too. If i’d Read your thread regarding your valuation and belief in the potential of leg would I buy? Probably not. It’s well thought out but so cynical. It seems every time something positive happens you seem to find a negative slant to it. Maybe you can look at the potential upside as well. It’s like 2 sides of the coin with you and prof. |
Posted at 16/7/2018 07:26 by professor pettigrew As a reminder to all of us, and especially any newbies here in the last few months. This article featured in the Wall St Journal, and Private Equity News, in July 2017.Given the stated timescale, expect plans to be announced for a NASDAQ float early 2019:- Virtualstock Holding Ltd. intends to list on the public markets in the next 18 months, its chief executive Andrew Mills told Private Equity News this week after the software company unveiled a sale of equity to venture-capital investor Notion Capital. The U.K.-based company provides a supply-chain management platform that lets multiple users access data without the need for separate data integration tools. Its client base includes 22 National Health Service trusts and a host of big-name retail clients such as Tesco PLC, John Lewis Partnership, J. Sainsbury PLC and Dixons Carphone PLC. Mr. Mills said the company plans to float on the public markets, most likely on the Nasdaq exchange in the U.S., in the next 18 months. "Our plan's primarily revolve around an IPO," he told Private Equity News. "We're probably leaning more towards Nasdaq than London." The software enterprise is eyeing a flotation on Nasdaq because of "what it does for us in terms of our U.S. market industry and positioning us for that", he added. Virtualstock plans to recruit a new chairman with strong ties to the U.S. investment market in the next three months, Mr. Mills said. This week the company unveiled it had secured £4.5 million of funding from London-based venture capital firm Notion Capital. That deal valued Virtualstock at approximately £66 million, more than twice the value of the company as of a 2014 funding round that the London Stock Exchange said valued the company at £25 million. Stockbroker Beaufort Securities estimated in March that the company could be worth as much as £240 million, increasing its earlier estimate of £176 million after it brought on board the Shelford Group-a network of U.K. research hospitals-as a client. Beaufort is the broker to one of Virtualstock's earliest investors, London-listed investment company Legendary Investments PLC. The company's venture backer Notion Capital's managing partner Stephen Chandler joined its board as part of the transaction and will have a say in who is appointed the new chairman, according to Mr. Mills. Notion Capital's team includes Jos White, a partner at Notion Capital who previously co-founded MessageLabs, which was acquired by Nasdaq-listed storage and systems management solutions business Symantec Corporation in 2008, the buyer said in a statement at the time. Virtualstock had previously secured early-stage investment from high net-worth investors including Moonpig.com founder Nick Jenkins, of Dragon's Den fame, and investment firm Legendary. Legendary's executive chairman and chief executive Zafar Karim said the investment company holds 6.8% of Virtualstock's stock. |
Posted at 09/7/2018 22:35 by carefreesid Lets disect this mornings garbage.Highlights: -- Virtualstock Holdings Limited ("VS") attracted an investment of GBP4.5m from Notion Capital, a leading European B2B SaaS Venture Capital firm, at a valuation of GBP66m. Legendary holds its stake in VS at this historic transaction value. Since then, VS has made significant progress: entering into a strategic partnership with Wincanton plc and nearly doubling revenues for the year to March 2018 from GBP3.2m for the year to March 2017. Old news. 120 staff, with an average salary of £50k, earning £6mln gross. So salaries are barely covered, and nothing else. vs have a limited client base, where does further growth come from? If vs is worth £66m, I'm a Dutch gynocologist. -- Investment in IBS Corporation Limited ("IBS") at nominal value. Post Legendary's investment, initial seed investors converted IBS debt to IBS equity and further investors took up IBS equity at a valuation of NZ$14.4m (GBP7.4m). Legendary holds its stake in IBS at this transaction value. Post Legendary's March 2018 year end, in April 2018, IBS was granted authorities to operate its banking services platform by the New Zealand regulatory authorities. This ibs shambles has been around for a year with no website, no deals, nothing. A bit of scoping though, so thats nice. Its not worth a tin of beans. -- Legendary acquired 9.7% of Crowd for Angels (UK) Limited ("CfA") at a post money valuation for CfA of GBP3.7m. Legendary holds its stake in CfA at this historic transaction value. Since then, CfA has launched its innovative Liquid Crypto Bond issue and Initial Coin Offering. Significantly, CfA rose from fifth (at the time of Legendary's investment in late December 2017) to third place in the most visited UK crowdfunding platforms (according to Alexa.com) after seeing website visitor figures grow by 290% between March and the end of May 2018 and its investor data base grow by a larger percentage. So its launched a bond. No mention of the success or otherwise of that, but a few extra people have looked at their website. Fantastic. What an achievement. -- Legendary converted its stake in its Kyrgyz gold asset to shares in Circle Oil Tunisia Limited ("COTL") in late December 2017, following which, COTL was acquired by Dunraven Resources Limited ("Dunraven") resulting in Legendary having a 2.0% stake in Dunraven. Dunraven is initially focussing on North Africa and the Middle East. Alex MacDonald has been appointed its Chief Executive Officer. COTL holds and is the operator of the El Mediouni East and Central oil asset ("ELM") in the Mahdia Permit. ELM's previous owner, Circle Oil Plc, invested heavily in ELM, and in August 2014 announced a potential large discovery in which internal results estimated potentially recoverable prospective resources of approximately 100m barrels of oil. Dunraven has developed an 18 month work programme for ELM, including a drilling programme and is also in negotiations with a major services company to be their technical partner. Additionally, COTL intends to acquire a significant amount of new seismic over the licence area, and Dunraven is actively pursuing a pre-qualified portfolio of acquisition opportunities in the region. Legendary holds its stake in Dunraven at GBP175k. Speculative AIM oil companies. I am sure at most, 5% of them are successful. This is a 95% er. So basically, its all old news dressed up to look successful. It is not. Net assets have increased largely because of another fund raising, and yet more dilution of shareholders, which is another reason that the share cannot ever sustain any rises. Its a pile of dung. imo |
Posted at 09/7/2018 08:43 by mudbath "Investment in IBS Corporation Limited ("IBS") at nominal value. Post Legendary's investment, initial seed investors converted IBS debt to IBS equity and further investors took up IBS equity at a valuation of NZ$14.4m (GBP7.4m). Legendary holds its stake in IBS at this transaction value. Post Legendary's March 2018 year end, in April 2018, IBS was granted authorities to operate its banking services platform by the New Zealand regulatory authorities."How will this T/U valuation for IBS pass the Auditor's scrutiny ? |
Posted at 09/7/2018 07:55 by cpap man 9 July 2018Legendary Investments PLC ("Legendary" or the "Company") Trading Update Legendary is pleased to provide its trading update ahead of its full year figures for the year ended 31 March 2018. Figures below are estimated and are unaudited: · Investments up to £6.2m (2017: £4.3m), a rise of 46.5% · Net assets up to £6.0m (2017: £4.7m), a rise of 27.7% · Net profit at £665k (2017: loss of £281k) Highlights: · Virtualstock Holdings Limited ("VS") attracted an investment of £4.5m from Notion Capital, a leading European B2B SaaS Venture Capital firm, at a valuation of £66m. Legendary holds its stake in VS at this historic transaction value. Since then, VS has made significant progress: entering into a strategic partnership with Wincanton plc and nearly doubling revenues for the year to March 2018 from £3.2m for the year to March 2017. · Investment in IBS Corporation Limited ("IBS") at nominal value. Post Legendary's investment, initial seed investors converted IBS debt to IBS equity and further investors took up IBS equity at a valuation of NZ$14.4m (£7.4m). Legendary holds its stake in IBS at this transaction value. Post Legendary's March 2018 year end, in April 2018, IBS was granted authorities to operate its banking services platform by the New Zealand regulatory authorities. · Legendary acquired 9.7% of Crowd for Angels (UK) Limited ("CfA") at a post money valuation for CfA of £3.7m. Legendary holds its stake in CfA at this historic transaction value. Since then, CfA has launched its innovative Liquid Crypto Bond issue and Initial Coin Offering. Significantly, CfA rose from fifth (at the time of Legendary's investment in late December 2017) to third place in the most visited UK crowdfunding platforms (according to Alexa.com) after seeing website visitor figures grow by 290% between March and the end of May 2018 and its investor data base grow by a larger percentage. · Legendary converted its stake in its Kyrgyz gold asset to shares in Circle Oil Tunisia Limited ("COTL") in late December 2017, following which, COTL was acquired by Dunraven Resources Limited ("Dunraven") resulting in Legendary having a 2.0% stake in Dunraven. Dunraven is initially focussing on North Africa and the Middle East. Alex MacDonald has been appointed its Chief Executive Officer. COTL holds and is the operator of the El Mediouni East and Central oil asset ("ELM") in the Mahdia Permit. ELM's previous owner, Circle Oil Plc, invested heavily in ELM, and in August 2014 announced a potential large discovery in which internal results estimated potentially recoverable prospective resources of approximately 100m barrels of oil. Dunraven has developed an 18 month work programme for ELM, including a drilling programme and is also in negotiations with a major services company to be their technical partner. Additionally, COTL intends to acquire a significant amount of new seismic over the licence area, and Dunraven is actively pursuing a pre-qualified portfolio of acquisition opportunities in the region. Legendary holds its stake in Dunraven at £175k. Legendary expects to publish its audited full year results in early August. Zafar Karim, Executive Chairman of Legendary Investments PLC, commented: "We are delighted at the progress made this year. Legendary's investments and net assets have increased significantly and net profit is £665k, and all of this has been achieved on the basis of a very conservative historic transaction based valuation policy. "This policy does not take any account of investee companies' progress, nor of their further prospects since the latest transaction, notably: VS's further contract wins; IBS winning authorities to operate its banking services platform; CfA's rise from number five to number three in the most visited UK crowdfunding platform rankings as well as the substantial growth in its website visitor figures and investor data base; and Dunraven's significant strategic progress. "Progress continues at Legendary and its investee companies. Indeed, we expect post year end net assets to be higher than the year end value. Having established a solid track record of successful proactive investing, we now intend to take Legendary to the next level of its development. We look to the future with increased confidence and thank our shareholders for their continued support." |
Posted at 04/7/2018 12:12 by professor pettigrew This just announced by Crowd for Angels:-We are delighted to announce the upcoming launch of our first private token sale, for online fraud prevention business CryptoPolice. Based in Estonia, CryptoPolice is a platform that helps bring together the community and technology in order to safeguard online users against fraud. Using blockchain technology, the company’s products create the opportunity for multiple revenue streams and allow the community to carry out scam identification and verification in a self-regulated manner that is fully decentralised and transparent. CryptoPolice operates in a cybercrime market which analysts at Juniper Research recently estimated will cost the global economy $2.1 trillion in 2019, up almost four times compared to 2015. Crowd for Angels registered members will be able to participate in the private sale stage gaining access to an institutional & ANGEL level investment round from Thursday 14th July. The tokens, or OfficerCoins (OFCR), will be available for US$0.045 each, with investors able to pay using cryptocurrency and/or fiat. Tony De Nazareth, CEO & Founder of Crowd for Angels, commented: “Having recently developed a range of new product offerings for investors we are delighted to launch our maiden private token sale. Our own recent Initial Coin Offering (ICO) has given us the knowledge and experience to do this, with CryptoPolice being an exciting technology driven company operating in a huge global market”. Arturs Rasnacis, CEO of CryptoPolice, commented: “Crowd for Angels is creating a pool to participate in the private sale stage allowing their audience the best deal that is only available to big investors or institutional investors right now. We were impressed by the team’s knowledge and experience of the token, crypto and blockchain markets, with the company’s FCA regulation providing us with confidence in their systems and procedures. Cyber crime is a growing problem, and with our unique offering we are bringing together the community in order to fight against Internet fraud”. |
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