Legendary Inv. Share Discussion Threads

[professor pettigrew] 04/11/2016 08:43

Looks to me as though the MM's are thinking of a bit of a malaise too, looking at the spread.

There really is no need for a spread of 4 ticks on such a low price stock.

But, history tells us their game. They'll pick up some stock around the 0.28/0.29p level then rely on some more selling to kick in on lack of news, impatience, day traders, etc. Once they've got the share price down to a comfortable level for them, they'll tighten the spread in anticipation of a new round of buying.

They are as predictable as day following night, but very unfair to investors on days like today. An immediate 10-15% loss on a purchase just isn't cricket.

[psyco] 04/11/2016 08:42

It look slike AMED may bring in some cash too :-)

[professor pettigrew] 04/11/2016 08:27

If one does a look back over the past year, the pattern of trading with LEG has been strong moves upwards on positive news, followed by a long drift downwards on lack of news, punctuated by sporadic buying in anticipation of further announcements and/or longer term holders adding to their positions.

A similar scenario could occur this time, I reckon we could be locked into a 0.25/0.35p trading pattern until further announcements. RTW1's old adage of "higher lows and higher highs" though certainly features in that pattern. This time we'd have to go below 0.18p to bust that, so if we did drift down to say 0.25p the continuing longer term increase in the share price would hold.

One important thing to note today: volume is very meagre compared to recently. Normally that is the trigger for drift.

By the way, didn't sell any of my holding in the recent run-up and will add as and when.

[laptop15] 04/11/2016 08:21

People should buy in at these levels as lots of positive momentum here!! Still quite low considering the last 2 RNS's imo :)) lots more upside to come!

[brian boru] 04/11/2016 07:18

Morning all Morning Prof - I reckon we'll end Blue today!

[professor pettigrew] 04/11/2016 07:14

Morning all.

Good thinking Gotto. Looks like you got away with just one single green one!

Be interesting to see the price action here today. No news, and a healthy pull back yesterday. Markets looking pretty weak to me. S&P down for 8 sessions running, but some bullish undertones.

Regardless of day to day movements which aren't worth bothering with, the outlook for VS is really exciting now. Tons of positive news to come, so buying at these levels is more or less a no-brainer.

GL all.

[professor pettigrew] 03/11/2016 19:24

You well deserve them RTW1. Lots more to come as well.

Keep the research coming, let's all keep the faith. I think the 1p party invites may be bigger than I thought!

[ride the wave 1] 03/11/2016 18:12

Thanks for all the nice comments .

Appreciate it !

GLA

[laptop15] 03/11/2016 15:50

Will we rally into the close?? If the MM's think it's still cheap they will rise the share price to get the weak to sell....if it drops any more I would imagine there will be plenty who missed out yesterday wanting to get back in either at the close or in the morning!

[mininggold9] 03/11/2016 14:29

Looks like people are topping up

[gottopickapocketortwo] 03/11/2016 14:00

I kept the faith thanks to you rtw and am still sat upon my 10M - hope you are well all be it on 'radio silence' cheers

[quinan] 03/11/2016 13:52

Normal reaction to the rise yesterday, just a question of finding its bottom before the next run up, I have just added more to round off my investment not sold any as feel there is lots more to come.

[laptop15] 03/11/2016 13:36

Surely we must have reached a buying level now, it's still on the placing level and since then lots of contracts have been issued!! Way to cheap again imo.Will top up again!!

[professor pettigrew] 03/11/2016 12:01

Back from airport duties.

A little disappointed that Beaufort kept their target price at 0.5p.

Probably waiting for a new VS valuation though.

Seems my friend had it spot on earlier, as we failed to breach 0.37p, but after yesterday's rise today's price action is hardly surprising.

Looks like we could be in a range between 0.28-0.34p for a small while until further news.

The policy must be the same as before then. Buy the dips.

[brian boru] 03/11/2016 11:55

I particularly like this;

Beaufort's subsequent detailed review of Virtualstock, considered its exceptional progress against which it awarded a significant upward revision to £176m. Yesterday's news suggests this now considerable undervalues the opportunity and so is considering a further upgrade its valuation of Virtual Stock.

wow - if they upgrade the valuation and then float VS it could show that LEGS 7% is now worth upward of £14 million against LEGs current market cap of just £8.8 million. It proves that .5p is nailed on and in time could go very much higher!

[brian boru] 03/11/2016 11:50

House broker report;

Legendary Investments (LEG.L, 0.34P) – Speculative Buy

Hard on the heels pf Legendary's investee company, VirtualStock Holdings ltd., announcing that its 'The Edge' supply chain optimisation SAAS had been contracted by the Shelford Group to deploy and engage with NHS trusts' suppliers, a further major release has come from the NHS yesterday afternoon. It detailed that fact that the UK Government-owned joint-venture NHS SBS ('Shared Business Services'), a joint venture between Sopra Steria Group S.A., a European leader the provision in digital transformation providing consulting, systems integration, software development, infrastructure management and business process services, has partnered with VS for the provision of VS technology throughout the NHS to improve efficiencies and reduce costs in NHS procurement. Since 2005 it has been providing business solutions for the NHS, having a shared services business mode that enables it to achieve huge economies of scale, while incorporating innovation and best practice solutions to improve services for the NHS. Each year, it supports NHS organisations to:

Process over £170 billion of payments per year
Process 3.6 million payroll transactions
Recover around £14 billion of NHS debt
Deliver registration authority services to over 5800 employees
Deliver £350m in procurement savings opportunities

NHS SBS now aims to help the health service work towards achieving the £500 million to £1 billion of procurement savings called for in Lord Carter's 2016 productivity review, by utilising VS technology. NHS SBS, which provides a purchase to pay e-commerce platform, will create a competitive online marketplace for NHS users, where as many as 100,000 current suppliers will be able to offer their products and innovations to the NHS. Transparent costing and access to the right products will mean that millions of pounds of waste, caused in the past by huge variation in prices paid by NHS organisations for everything from syringes to surgical gloves, can now be avoided. The technology will mean that hospitals will be able to purchase a full range of products through a single eCommerce platform, in a way that users experience in everyday online shopping. In addition to helping hospitals to deliver on recommendations from Lord Carter's review, the partnership will also help NHS providers to meet the requirements of the NHS eProcurement strategy, whilst also delivering on NHS Improvement targets around back office savings.

Our view: As Beaufort's detailed research note of 16th May 2016 detailed, Legendary's 7.1% holding in Virtual Stock Holdings overwhelming dominates the Group's valuation. This opportunity has been created through VS's unique 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. Back in May, VS's clients for its highly 'sticky' offering already included several of the UK's blue-chip retailers. The suite of products that centre on its 'The Edge' platform, however, has since taken a giant leap! Having been initially been trialled by the UK's largest NHS Trust hospital, its newly announced adoption by the NHS SBS quite exceptionally offers potential to create a standardised supply chain solution across the entire UK health service. Effectively, it will be connecting 100,000 suppliers with 1 million customers, to ensure highly competitive patient outcomes while making sure the right products are always available to those delivering frontline care. This, in turn, will be capable of generating potentially dramatic cost savings for this mission critical service whose enormity and complication has otherwise seen it routinely accused of absurd operating inefficiencies. Yesterday's news will build considerably further on Virtual Stock's reputation and credibility, taking its highly scalable opportunity far beyond just the UK-based blue-chip enterprises with which it already has deep relationships. The Company's potential had already been recognised by one well-known entrepreneur, who bought-in on the basis of a £58m valuation. Beaufort's subsequent detailed review of Virtualstock, considered its exceptional progress against which it awarded a significant upward revision to £176m. Yesterday's news suggests this now considerable undervalues the opportunity and so is considering a further upgrade its valuation of Virtual Stock. Beaufort will only confirm this outcome following further extensive interaction with Virtualstock Board and in the meantime reaffirms its Speculative Buy recommendation on Legendary investments with a target price of 0.5p/share.

Beaufort Securities acts as corporate broker to Legendary Investments plc

[sidahass] 03/11/2016 09:30

Holding up well, can see this let go in a little while...

[kemorkid] 03/11/2016 09:29

yea just did a dummy sell of 5 mill and offered full bid.
So join the mud and kemor club -no selling from LTH ers

[mudbath] 03/11/2016 09:23

Imo LEG will go big blue today.
As Kemorkid says,"do not sell".

[brian boru] 03/11/2016 08:09

I'd expect a further report from house broker Beaufort - will be interesting to see what value on VS now after the last 2 RNS"s

[brian boru] 03/11/2016 08:00

Morning all - lets see some new highs today!