Legendary Inv. Share Discussion Threads

[professor pettigrew] 20/7/2017 13:00

Can you post a link anton85 please?

Can't find that on Twitter anywhere.

[tini5] 20/7/2017 12:26

Is there such a thing as a double double bottom in TA?

[anton85] 20/7/2017 12:02

Leg just tweeted : VS plan to float, and probably in the US, in 18 months: a distinct possibility Looks like pay day is firmly on the cards now. Maybe Notion have put the rockets in the right places at last.

[philmiboots] 20/7/2017 11:51

Come on Prof, the suspense is killing me.

[professor pettigrew] 20/7/2017 08:38

Your probably correct there sid. Pretty slow start, but I expect things to warm up as the day progresses.

May even start my second round of accumulation soon!

[carefreesid] 20/7/2017 08:15

I think they do it in most small caps. It helps keep an orderly market, and makes retail investors think they are getting a bargain, selling and buying inside the spread.

[professor pettigrew] 20/7/2017 08:12

I don't know why the MM's rigidly stick to a 0.13/0.15p spread when the true spread is around 0.133/0.14p or so.

For instance, the opening trade of 70k odd is a buy at 0.139p.

They have their reasons I suppose.

[professor pettigrew] 20/7/2017 07:42

Morning Phil - Lol! I wish. It will just be in small and medium tranches here and there when the time is right and funds permit.

The pivotal point for me in the RNS was the intention of VS to not only "double in size" but to go into the US. In any case a further 50m if the price doesn't shoot up will be cheaper than the first 50m!

Also it's comforting to know that Bruce Rowan is still a holder of 8% of LEG shares.

I could never match his holding but I'll do my best to get that nice round 100m under my belt.

Looking for some interesting price action from here on in.

[philmiboots] 20/7/2017 07:25

Prof - have you just got a job at the BBC? How else can you afford another 50 mill?
;o)

[professor pettigrew] 20/7/2017 07:11

Good morning all. I trust the good burghers of VS are quietly doing their bit behind the scenes vis a vis more contracts and preparing for expansion into the US markets.

I'm preparing to start another round of accumulation here from today, as I intend to double my holding eventually up to the 100 million mark.

GL to all genuine holders and enjoy the ride.

PP

[professor pettigrew] 19/7/2017 19:05

Yup, reckon you are about right. A couple of hefty sales being swallowed up quite easily.

Lots of price action here, but it's now becoming rising price action.

[carefreesid] 19/7/2017 17:51

It seems, unfortunately, they are awash with shares at the moment, as that late 10mln sale shows.

I would guess they have a lot less than 100mln shares left, call it 50mln, which is 'only' about £60k.

I suspect they will have a buyer lined up for a chunk of the rest, so we are there or thereabouts now imo.

[professor pettigrew] 19/7/2017 15:29

Lol! Well, if you pick up an additional few million of these, I suggest the MM's will start looking for some incontinence pants.

[carefreesid] 19/7/2017 15:17

I'm like a panther rummaging around in the undergrowth, yes.

[professor pettigrew] 19/7/2017 15:04

Are you watching and waiting ready to pounce sid?

[carefreesid] 19/7/2017 14:58

Whilst I understand the importance of LEG to holders, I think to assume the mms care about this share is a mistake.

Any individual market maker will have hundreds of shares to make a market in, and importance lies in the big cap stuff. They really dont care too much about tiddlers. Say they were taken short of 5 mln of these.

What are they going to lose at worst? £10k? Peanuts in the big picture imo.

I was expecting a more bullish move today had that large sale of yesterday been the end of the supply. It still seems like there's a few mln left to go.

Watching and waiting patiently.

[professor pettigrew] 19/7/2017 14:33

Cheers Mickluv1. I don't quite have the wherewithal to do it in one go, but bit by bit as the good news continues here. A couple of tranches a week from now on until the target.

One doesn't hear much of Bruce Rowan but a look at his investing record shows he has a wide spread of smaller companies, and has held 8% of LEG for some time now. Obviously he's in close touch with Zaf, and I wouldn't mind betting he has the inside on VS.

These are exciting times going forward for LEG, we need to ramp up the PR and we need to spread the word to people about VS and LEG.

We could just well be the cheapest stock on the market at the moment given the growth pattern to come.

[mickluv1] 19/7/2017 14:27

I wish I had that sort of capital to invest I'm looking looking at moving some old pensions into a SIPP at the mo to increase my opinionsGood luck to you sir

[professor pettigrew] 19/7/2017 14:11

Well done Mickluv1. I'm looking to start accumulating again.

Seeing as Bruce Rowan owns 8% of LEG, I don't think he'd mind if I carried on all the way up to 100 million!

[professor pettigrew] 19/7/2017 14:09

True spread 0.1335p to sell, 0.138p to buy.

[mickluv1] 19/7/2017 14:02

With my trade this morning it would indicate that all today's trades are buys! Talk about misinformation!!!

[mickluv1] 19/7/2017 12:28

The 226,083 trade is a buy as it is mine, had £310.10 in my ISA sat doing nothing which was a bonus

[professor pettigrew] 19/7/2017 11:53

Think you got that spot on Mickluv1. Yesterday's big sale could have been the end, certainly seemed like the final blowout.

I think the tick up on the offer is the mm's wanting to deter buyers. They may have an exceptionally large order to fill in the background, who knows?

What we do know is that the green light is fully on at VS, and eventually that will spread to LEG.

It's just a question of accumulating, holding and patience.

The 1p party is still on you know!

[mickluv1] 19/7/2017 11:50

With yesterday's large sell and the warrant man I would have expected that there would be a surplus of stock so am surprised at the rise! It would suggest the 0.1 warrants are gone and the large sell has been absorbed buy someone who's accumulating! Otherwise we'd flat at best? I'd welcome anyone else's thoughts

[professor pettigrew] 19/7/2017 11:39

Hi sam - yes, it's strange the MM's seem resolutely stuck on paying around 0.13p, and they've deliberately widened the spread.

They are treading very nervously it seems.

Wait for the floodgates to open.