Legendary Inv. Share Discussion Threads

[ride the wave 1] 17/8/2016 10:27

This is when we make our money , by being patient .

ATB

[maxk] 17/8/2016 10:20

Group hug?

[kemorkid] 17/8/2016 09:51

Thanks PP
appreciate that .
I am a MASSIVE believer btw.

Regards,

[professor pettigrew] 17/8/2016 09:47

Kemorkid - as above. Only going by last year's timescale.

djgrantb - me too. Expecting a raft of news once we get results, and lots of positive updates.

We have a Beaufort target of 0.5p.
We have a chart target of 0.9p
We have RTW1's chart homework pointing to 0.9p and 1.36p.
We have Zaf having said that VS will become a "unicorn" company, valued at $1bn or more. If this scenario plays out, don't forget it's worth in excess of 1.7p to LEG alone.

The current nervous selling could indicate news may not be as good as hoped, or it could presage a massive move upwards once results and other aspects of how things are going are revealed.

If you believe the story, it's a massive buy. If not then the only alternative is to exit or slim down your holdings.

All will be revealed.......................................

[djgrantb] 17/8/2016 09:40

Kemorkid, no there's no guarantee, I haven't seen an RNS saying its 19/8, its just that it was the 19/8 last year, the results are upto the 31/3 so are due anytime. At least it'll be an update and we'll have something in writing rather than just speculation. I'm expecting lots of positive news on the investee companies.

[kemorkid] 17/8/2016 09:26

Prof ,
will the results definitely be released Friday?

[professor pettigrew] 17/8/2016 07:51

Morning all - nice sunny day ahead yet again.

Some serious thought now that with 2 days to the results, there will be some interest here, moving us upwards.

Much to play for here, I expect Zaf to reveal quite a lot on Friday.

As I've mentioned before, looking out for some big buys 3-4m+ to confirm the bullish scenario.

[sidahass] 16/8/2016 19:12

Same here RTW, I'm locked and loaded! :-)Tempted to buy more tomorrow at this ridiculous price...for the price move north soon

[ride the wave 1] 16/8/2016 18:46

I'm all strapped in and waiting for blastoff (lol) .

[nocky44] 16/8/2016 13:39

charts lloking very similar to april/may , expecting a swift move up, bumper RNS will only help

[professor pettigrew] 16/8/2016 11:11

Thanks nocky44 - better than I could do!

Cheers laptop15. 4 days and counting.

[laptop15] 16/8/2016 10:36

Cheers Nocky :)) no worries professor for some reason i can't cut and paste certain files on my phone. It does read well, i know its old but it sound like we are still very undervalued here! If the valuations of the big 2 have increased then definitely we will a nice rise Friday :))We are still below the placing price after all.

[nocky44] 16/8/2016 09:54

sorry didnt copy well but link is above

[nocky44] 16/8/2016 09:53

Legendary Investments has cleaned up its portfolio and raised new funding
to
support both
existing and p
ossible new investments
, along with its
working capital needs
. Like all early
-
stage or
‘
venture
’
in
vestment vehicles,
sorting the ‘wood
-
from
-
the
-
chaff’
is a process best left to the experienced.
LEG’s management brings exactly this, having demonstrated the ability to
both create value for investors and, just as importantly, to recognise when
is the time to cut failing opportunities. Now trading at a di
scount to
Beaufort’s estimated
‘sum
-
of
-
part
s
’ and with one of its investments
seemingly
offering the relatively near
-
term potential
to
creat
e
significant
additional
investor
value,
we have
taken a closer look at th
is
opportunity.
Following this
,
our
Specu
lative Buy recommendation
on the shares
is
repeated
, while also revising the target
price
to
0.5p
/share.

Legendary has recently completed two important steps
. It has
rationalis
ed
its
portfolio
while also
raising
new
funding in support of
existing
investment
’
s
needs
plus working capital,
as well as providing necessary facility to take
advantage of
several
new investment opportunities identified by
management
which are currently under review.

The disposal of its participations in AIM
-
quoted Sula Iron
&
Gold plc and Oracle
Coalfields plc
for some
£
25,000,
re
-
confirm
s
management’s intention to focus
on its core investments
.

LEG’s portfolio
n
ow consists of
just
t
wo
quoted minerals resources vehicles
:
Amedeo Resources plc
and
Medgold Resources Corp
, along with
three
pri
vate
equity
investments
:
Bosques
Energeticos
EB
E
S.A. de C.V.
,
Virtualstock
Holdings
L
td
(
for which the outlook
is building significantly) and a recently
acquired participation in
Manas Resources LLC
.

V
alue
, in particular,
has been created
by
Virtualstock
, in terms of its software
-
as
-
a
-
service offering that provides next generation solutions to optimise
supply chain efficiencies and visibility to a varied range of supplier, retailers
and customer service groups.
Its client list for
this
highl
y ‘sticky’
offering
already includes several of the UK’s blue
-
chip retailers. Very significantly also,
the
suite of products that centre on its ‘The Edge’ platform, is now being
trialled by the UK’s largest NHS Trust hospital, which
may be
joined
by other
UK trusts
and, ulti
mately
have the potential to
create
a
standardised product
for
incorporat
ion
a
cross the
entire
UK health service
. Prospectively this
could
offer
quite dramatic cost savings
for
this mission critical service. The
Company’s potential has already been recogn
ised by one well
-
known
entrepreneur buying
-
in on
the basis of a £58m valuation. Beaufort’s
more
detailed
review of Vi
rtualstock
(
overleaf
)
,
c
onsider
s its
recent
exceptional
progress
while
confirm
ing
our
significant upward valuation revision.

Patience and
tenacity have
also
been rewarded at Bosques whose first and
second generation pongamia seeds have successfully germinated and
produced saplings, Amedeo meanwhile has completed the physical build of its
first jack up rig and
the 2015 sampling programme
carried out by Manas
Resources on its Sultan Sary Project in Kyrgyzstan has produced good results.

Beaufort has
undertaken a valuation of the individual parts of LEG’s portfolio
while taking existing cash/near cash as face value to derive a valuation of
0.5p/share
for LEG, before awarding additional value for the Group’s pro
-
active selection and management of its assets.
Price:
0.
31
p
Target Price:
0.5
p
Sector:
Specialty Finance
Share Price Performance
Source: London Stock Exchange
Key Data
Market:
London (AIM)
TIDM:
LEG.L
1 Year Hi/Lo:
0.449
p
–
0.07
p
Existing Shares:
2,
795
m
Market Cap:
£
8.66
m
ISIN:
GB0001514032
SEDOL:
0151403
Co.
Website:
leginvest.co.uk
B
arry Gibb
Research Analyst
[e-mail]
+44 020
7382 8422
Andy Senga
Junior Research Analyst
[e-mail]
[phone]

[professor pettigrew] 16/8/2016 09:29

Hi Laptop15 - Afraid I'm zilch where any tech is concerned, hopefully RTW1 has read your plea and can do the biz.

A fascinating battle being played out here between the bull and bear camps.

Come Friday we should know who wins.

[laptop15] 16/8/2016 09:09

Yes agreed nocky, i listened to that podcast and maybe the results day will be the catalyst to get the share price moving higher!!

[nocky44] 16/8/2016 08:59

I'm back in the land of fibre optic broadband lol, was a nightmare in Wales trying to get on line, just made a small top up of 277948 (takes me over the 10 million holding now), only days before news and the bulls or the bears gonna be proved right, nothing out there to suggest anything other than a bull run up to, chart expert Nicola Dukes .90 target, GLA :-)

[laptop15] 16/8/2016 08:41

Was just looking at Beauforts May 2016 broker report on LEG and it shows total investments of 902k to date and an estimated current value of 14.4 million....whats not to like about that :))) plus its probably grown further since then! if all AIM companies did that they would be doing very well.RTW or professor can u attach the file here as it might be useful for new investors.....or panic sellers to read it again :))

[professor pettigrew] 16/8/2016 08:21

Lol! I see a few nervous holders bailing out, they probably think the results won't quite be up to scratch - who knows?

One thing is for sure, there should be a lot of information in them. We are due a lot of updates and a revaluation of VS at the least.

I'm sure RTW1 will keep us up to speed.

[targatarga] 16/8/2016 07:29

Thanks prof - I'm going for a lucky dip and a couple of scratch cards!

[professor pettigrew] 16/8/2016 07:25

Good morning all.

Four days to go, countdown on. Charts looking superb, everything in place for lift-off.

Keep buying/holding/accumulating.

Keep us posted of any research/L2 RTW1.

Good luck all.