Legendary Inv. Share Discussion Threads

[gottopickapocketortwo] 17/7/2017 10:06

All good imo.Explains the silence.VC firm will have insisted on radio silence whilst deal is made and for their deal purposes it is in their interests to keep valuation to a minimum then once they are in encourage its rise - makes sense Gla

[professor pettigrew] 17/7/2017 09:51

I think after the RNS today we will now get a rash of positive RNS's regarding more contracts for VS in short order.

The market hasn't yet taken into account the total NHS roll-out, that's not reflected yet in the VS valuation, or an increase in LEG's share price

[professor pettigrew] 17/7/2017 09:50

Not mine Phil, I[m sitting on 50m+ for now but will be adding some more at some stage, probably today.

A few fund moving procedures need to be done first.

[philmiboots] 17/7/2017 09:43

So much so that you have wagered another 3mill then Prof?
;o)

[professor pettigrew] 17/7/2017 09:40

I must say, reading it again, this morning's RNS is exceedingly bullish news for LEG.

[professor pettigrew] 17/7/2017 09:12

Certainly are Phil.

[philmiboots] 17/7/2017 09:07

Those 0.138 trades are "buys" by the way.

[professor pettigrew] 17/7/2017 08:59

Now we know the latest valuation for VS - £66m - a couple of things may be of great help to LEG shareholders going forward.

1. We need a quarterly valuation of VS published so that we can judge "fair value" of LEG shares against it. Because LEG is similar to an investment trust and they issue NAV's some on a daily basis, there is no reason why the value of VS cannot be treated in the same way.

2. Now we know that rapid growth for VS is on the cards, is it too much to ask that either they, or LEG via Zaf get the PR ball well and truly rolling. They have a product that is eventually going to be a world beater - why not shout it a lot louder from the rooftops?

[professor pettigrew] 17/7/2017 08:26

Good morning Mickluv1.

The valuation of VS continues to rise - we now have a £66m quote from the "horses mouth".

As pet lover rightly says though, LEG's share price isn't taking into account yet the massive growth to come in VS. As I said I expect many more contracts to flow through this year, especially in the retail sector. We know that "The Edge" is eventually going to be rolled out across the WHOLE NHS, so income and by connection, growth and valuation of VS is set to increase sharply.

What you have here in essence is a nice clean sheet of paper. The current mcap is actually slightly BELOW our stake's valuation in VS, we get every other investment completely free, and our main component, VS, is set for rapid and substantial growth in the coming months and years.

If that isn't a reason to accumulate as many LEG shares as one can then I don't know what is.

[mickluv1] 17/7/2017 08:19

The growth is great news but tbh I expected more with the new contracts won since the last valuation, having the other investments as a free ride is great news maybe a serious VS investor would want to swallow up LEG at these prices? Let's see how the market reacts GLA

[professor pettigrew] 17/7/2017 08:04

Yes, a "unicorn" status for VS, along with the promise of growth at our other investments would mean the 1p party would not only be nailed on, we'd have enough left over to plan the 2p party!

As pet lover says on his thread, one can buy into VS through buying LEG shares, into increasing growth and value, and get exposure to the rest of our investments for completely no outlay whatsoever.

LEG stock is currently very undervalued.

[cpap man] 17/7/2017 07:59

Chinese Investor17 Jul '17 - 07:49 - 3501 of 3501 1 0

VS was valued at £58 million when Nick Moonpig took a stake !
Now £66 million.



Yes only a circa 15% increase but Rome was NOT built in a day so we all have to accept that it might be taking VS a little bit longer to get to the promised land than we might have first thought!

But the promised land of UNICORN status of a $1 BILLION PLUS valuation will no doubt come in time and a near 7% of that is NOT to be sniffed at!

[cpap man] 17/7/2017 07:39

Red tick w*nk*r red ticks me for alerting all to the latest RNS from LEG?!?!?

[qs99] 17/7/2017 07:37

indeed, market cap now slightly under new "valuation"....is it not? DYOR

[tini5] 17/7/2017 07:32

Bit of a double edged sword this one. Great about the funding but our % holding in VS is now reduced, is it not?

[cpap man] 17/7/2017 07:30

17 July 2017

Legendary Investments PLC
("Legendary" or the "Company")

VirtualStock Holdings Limited ("VS") completes strategic funding round with Notion Capital ("Notion"), a trading name of The Fund Incubator Limited

Legendary announces that its investee company, VS, has attracted an investment of £4.5m from Notion Capital, a leading European B2B SaaS Venture Capital firm, to support its next phase of growth. The round values VS at £66m.

VS's goal is to transform global B2B supply chains and marketplaces through its ability to seamlessly and rapidly connect systems together. VS's core platform ("The Edge") is already used by leading retailers including Tesco, John Lewis, Sainsbury's, Argos and Dixons Carphone to support their digital and omni-channel strategies. The Edge brings increased transparency and simplicity to a company's supply chain meaning customers can take advantage of the ever-increasing opportunities that an omni-channel environment presents.

As well as the country's leading retailers, VS also counts the leading NHS Trusts amongst its clients. VS also has a partnership with NHS Shared Business Services to bring The Edge to the NHS to help realise up to £1bn of annual savings through transforming the end-to-end procurement process.

Founded in 2009, Notion Capital is a leading European venture capital firm focused on enterprise SaaS and Cloud companies. Notion's partners are best known for founding and building MessageLabs, one of the world's largest SaaS exits at its $700m sale to Symantec in 2008. The firm backs exceptional enterprise software entrepreneurs who Notion believes have the potential to transform large, global markets. Notion has made 45 investments to date.

The investment will enable VS to accelerate its already rapid growth in its core retail and health sectors, and support further expansion into new geographic markets and sectors, establishing the business as a global player enabling its clients to deliver digital supply chain transformation fast.

Following this investment, Legendary's stake in VS is 6.8%.

Andrew Mills, CEO at VirtualStock said: "We are delighted that Notion Capital has chosen to invest in our business as we believe they are the best possible partners for us. Its team brings unique experience having founded and exited MessageLabs and also has built the "Notion Platform" to support their portfolio businesses through a range of value added services.

The investment comes at a very exciting time as we continue to grow our market share in retail and are poised to become the de facto catalogue and procure-to-pay solution within the NHS. We will now be in a position to accelerate our growth, enhance our portfolio of solutions and expand into new markets. We look forward to further investment in our clients, staff and supplier base, including creating further high quality UK tech sector jobs in the M4 'silicon corridor' over the next year."

Stephen Chandler, Managing Partner at Notion Capital said: "Digital supply chain is a hot topic, and for good reason. VirtualStock delivers an agile supply chain technology platform that allows its clients to quickly adapt to the challenges of digitisation without turning to traditional systems integration, thereby reducing cost and risk while accelerating benefits. VirtualStock has already demonstrated this in two important sectors and has accumulated an impressive portfolio of clients. They are now superbly placed to scale rapidly and we believe that they will become another UK technology success story."

Zafar Karim, Executive Chairman of Legendary, said: "We are pleased that Notion has recognised the value and potential of VS. Notion invests in B2B SaaS & Cloud Services companies with high growth potential and global ambition

VS continues to make progress in its core targeted markets. As well as benefitting from the investment by Notion, it will benefit from their experience and expertise. We look forward to continuing to work with VS and Notion to help VS realise its potential."

[professor pettigrew] 14/7/2017 10:19

The 1m at 0.138 was a buy.

Friend of mine.

[professor pettigrew] 14/7/2017 07:31

Good morning all. Well, it looks like the "Gut" feeling has to wait a tad longer.

Good luck and a good weekend to all genuine holders here.

PP

[professor pettigrew] 13/7/2017 15:47

Not sure if there is a time deadline on them, but of course the warrant holder(s) aren't obliged to cash them in.

If we move, say, to 0.3p on a couple of positive RNS's then the 0.25p warrant holders can just convert to stock but don't need to sell, especially if they think more good news is coming.

Because it's been such a threadbare time for news it makes me think that it will come thick and fast once it starts, and we could be in for a very sharp increase in the share price when most don't expect it.

I think that last trade at 0.1366 was actually a buy.

[mickluv1] 13/7/2017 15:24

We were at .25 in April and we didn't see such a relentless cashing in of warrants then? The last meaningful news on VS was March so one would think we are due something soon if not logically most certainly algorithmically! If there is a deadline on these warrants then why not cash them in in April? My guess is the the holder of said warrants was waiting for news that clearly hasn't come and now must dispose of the warrants before the deadline expires! I will hope for a steady news flow once the warrants have been disposed of......

[professor pettigrew] 13/7/2017 13:24

Who knows Mickluv1? The next lot aren't due until 0.25p and 0.3p so there needs to be at least a doubling of the share price before anyone converts them.

As expected positive news flow begins, and the share price responds I don't think warrant holders will be tempted until at least 0.4p.

Seems strange to say that when, according to Beaufort, we should be trading at 0.7p just on our VS stake alone, without anything else being taken into account.