Legendary Inv. Share Discussion Threads

[heaven above] 09/4/2016 19:44

VS book value end march 2015

247k


oh dear - the naughty rampers have been exposed and they don't like it up and at em do they???

[heaven above] 09/4/2016 19:43

at the end of march the book value was 247k.

take a look for yourself.

as regards the 58m valuation. nick has not taken a risk as he transaction is structured such that should VS issue shares at a valuation lower than an agreed premium to the £58m valuation or fail to reach certain long term targets, the selling founders shall have to compensate Mr Jenkins by transferring to him further shares.

based on this so called 58m valuation LEG's 7% is worth 4.1m. The current market cap is 6.5m.

the 58m valuation is lets say a 'grey area' until further notice. I don't personally believe that more shares will be issued to justify the 58m valuation. Even if it does that still only values LEG at around .2p at best

I feel sorry for anyone sucked into this pump and dump

[ride the wave 1] 09/4/2016 19:18

VS has a world class bod and for good reason .Nick Jenkins wouldn't have invested at a valuation of £58m if he didn't think VS would be worth a hell of a lot more . He owns 2% - 3% of the company and the founders have put there stake on the line .
They wouldn't have done so if it wasn't nailed on . Nothing gets passed Nick Jenkins , he has vast experience in building and selling companies so if it's good enough for him , it's definitely good enough for me !!!

Nice try though LOL

[ride the wave 1] 09/4/2016 19:11

2015

Legendary Investments Plc
("Legendary")

Virtualstock Holdings Ltd ("VS") appoints former National Director of NHS Procurement as Director of Healthcare and Public Sector

Following on from the the announcemnt of 17 July 2015, in which Legendary reported that VS had entered into a contract with a leading NHS Teaching Hospital Trust, Guy's and St Thomas's Trust in London, to deliver cost saving efficiencies within its supply chain, Legendary is pleased to report VS has appointed, Robert Knott, formerly National Director of NHS Procurement as Director of Healthcare and Public Sector.

Mr Knott has more than 23 years of procurement and supply chain experience. Before his role as National Director of NHS Procurement, where he led NHS supply management strategy, Mr Knott was Procurement Director for one of the UK's largest trusts, Hampshire Hospitals NHS Foundation Trust. Since 2003, he has held a number of senior public sector leadership roles within Healthcare, Policing, Olympics, Work and Pensions and Local Government. He held similar leadership roles in blue chip firms such as Goldman Sachs and Lehman Brothers, and he was Global Head of Procurement at Schroders from 1994-2000, and from 2001-2003 was Group Director of Procurement at EY.

Mr Knott's role will cover both the NHS and private healthcare providers, and has scope to extend beyond the UK. Mr Knott was first attracted to the company when he observed VS's success in managing complex product data for retail companies, and that it had expanded into healthcare and the NHS.

Robert Knott commented: "I'm delighted to join such an innovative and forward-thinking company with a disruptive technology. I am extremely excited to be joining the VS team."

Andrew Mills, CEO of VS, said: "We are very pleased to welcome Rob into our leadership team. His extensive experience of procurement and supply chain transformation, particularly in the public sector, will make Rob an invaluable addition to the company. We look forward to benefiting from his deep insight as we continue to accelerate the growth of the business."

Zafar Karim, Executive Chairman of Legendary, commented:

"Virtualstock's traction continues and accelerates. Its proven and disruptive technology is attracting landmark public and private market clients. Importantly it is attracting world class executives that will be key to driving it forward."

[ride the wave 1] 09/4/2016 19:09

7 September 2015

Legendary Investments Plc
("Legendary")

Virtualstock Holdings Limited Appoints Andrew Mills as Chief Executive Officer

Legendary announces that its investee company, Virtualstock Holdings Limited ("VS") has appointed Andrew Mills as its Chief Executive Officer.

Andrew Mills is a senior executive with a wealth of experience in managing, building and growing technology businesses. He has held global, regional and country leadership positions, including leading global teams of over 1,400 people in up to 65 countries with sales of over US$4bn. Andrew has worked for world class organisations including most recently, Samsung, where as a European Vice President of Enterprise Business, he grew the sales from US$1bn to over US$4bn in just over one year. He has also held senior positions with IBM, EDS and KPMG Consulting.

Andrew Mills, newly appointed CEO of VS said "Virtualstock are at the forefront of emerging technologies that enable businesses to create new ways of working in the digital world. I am delighted to join such an innovative and forward thinking organisation and look forward to contributing to the Company's continued success."

Ed Bradley, Co-founder of VS said "The Board is thrilled that Andrew will be joining the team. Andrew shares our vision and our focus on innovation, and we very much look forward to his valuable insights."

Zafar Karim, Executive Chairman of Legendary said "We are delighted that VS has been able to attract an executive of Andrews's standing. It is a testament to what Virtualstock has achieved and where it can go. Andrew will play the key role in rapidly driving the next stage of Virtualstock's expansion."

[ride the wave 1] 09/4/2016 19:06

5 October 2015

Legendary Investments Plc
("Legendary")

Moonpig.com founder purchases stake in Virtualstock Holdings Ltd
at a Valuation of £58 million

Legendary is pleased to announce that Nick Jenkins, founder of Moonpig.com and angel investor has purchased a small stake in Virtualstock Holdings Limited ("VS") at a valuation of £58 million from two of the founders of VS. The transaction is structured such that should VS issue shares at a valuation lower than an agreed premium to the £58m valuation or fail to reach certain long term targets, the selling founders shall have to compensate Mr Jenkins by transferring to him further shares. The selling founders and their families continue to hold 25% plus of VS each and remain fully commited to the business.

The valuation reflects the significant progress that VS has made since the April 2014 valuation of £25 million, and its continuing substantial potential. It places a value of just over £4 million on Legendary's stake.

Nick Jenkins, Angel Investor, said:

"I am delighted to be a shareholder in Virtualstock and in particular, I am extremely excited about the enormous cost saving potential this groundbreaking technology will bring to the NHS."

Andrew Mills, Chief Executive Officer of VS, said:

"We are delighted to have Nick Jenkins as a shareholder, and welcome his experience and expertise in taking Virtualstock to the next stage of its development."

Zafar Karim, Executive Chairman of Legendary said:

"We are delighted that Nick Jenkins has taken a stake in Virtualstock. Nick is an established angel investor and has significant experience in the technology sector having founded, grown and sold Moonpig.com. His network and experience in building disruptive business models will be invaluable to Virtualstock. We welcome having him as a fellow shareholder".

[heaven above] 09/4/2016 19:02

the net book value of VS at end march 2015 was less than 247k.


good luck LEG shareholders, you'll need it!

[heaven above] 09/4/2016 19:00

Is VS really worth what the rampers are claiming on the other thread??

[heaven above] 09/4/2016 18:58

during the year ending march 2015 VS issued:

162500 shares at £4

and 293116 at 0.51p

so raising £ 799489

[heaven above] 09/4/2016 18:54

VS

END MARCH 2015

net assets 917k.

net book value of VS end march 2015 of 247k

[professor pettigrew] 09/4/2016 17:52

Afternoon.

Also, to add to what littlemadam posted, if the loan is due based on the price of LEG shares when payment is required, the more the share price rises the less shares will have to be issued to pay the loan, resulting in less dilution.

I don't think there is anybody here who wouldn't mind a placing though to up our stake in VS to 10%.

I think the eventual news we will get from VS will be utter dynamite and will transform LEG into a major investment trust.

Remember, even at 1p, a 4 bagger from here, we will only be valued at £25m, utter peanuts in the big scheme of things, especially when you think of what VS alone could be worth now.

So much going on behind the scenes, no wonder it's taking all this time to issue an RNS.

Roll on Monday morning.

[ride the wave 1] 09/4/2016 17:16

$250k loan needs to be paid May 2016 , it's the second time we have had a loan from this company .

This is why I say , there will be news this month !!!

Zaf has his options now and he won't want to issue new shares at a low price because it will dilute his holding . I also think that we will increase our stake in VS in the near future but we will have to wait and see . So I'm expecting mega news then a placing / followed by more mega news .

After watching Zaf in the 3 videos I trust what he says and he comes across as a very intelligent man , so I feel confident that he knows what his doing and that makes me relaxed about the tiny amount of money owed . He could of course come out with a placing for more % of VS at the same time which would do wonders for the share price regardless of dilution .

My eyes remains firmly on the prize and that's why I will only sell some shares when :-

1) Zaf sells some
2) when VS lists or reverses into Leg
3) when Bosques lists
4) if the fundamentals change .

Raising funds for growth is a good thing , let's see what happens !!!

ATB

[littlemadam] 09/4/2016 14:46

Couple of points.
1. When vs bagged Tesco contract the identity of the company was announcd 5 months later. So not unusual for vs not to say who the 2 household names are. Yet.
2. The $250k loan was from Alcazar, w.ho already own 11.1% of leg. The loan is secured on leg sharesvalued at market price of the sharesAT THE TIME LOAN BECOMES REPAYABLE - in May.
Anyone any thoughts?

[ride the wave 1] 09/4/2016 10:48

One last thing :-

Our CEO and director also hold shares in VS outside of the Leg investment .They know what's coming and want to earn a nice few quid for themselves as well , if that's not a good sign then I don't know what is !!!

Zaf Karim 169.4k (2.83%) huge amount !!!

Thomas Reuner 151.6k (2.53%) huge amount !!!

VERY STRONG BUY

DYOR

[mrsapeslaptop] 09/4/2016 10:20

hxxps://companycheck.co.uk/company/05412723/VIRTUALSTOCK-HOLDINGS-LIMITED/financial-accounts

this is all a ramp based on virtualstock.

who have no cash. no assets. will need more.

leg is not generating any cash either. earnings based on an increase in value based on a single angel taking a punt on virtualstock.

placing coming

[godolphin] 09/4/2016 09:46

The annual return is recent.


No Nick Jenkins. I guess he's hiding behind an option.

[philmiboots] 09/4/2016 09:27

Top 20 shareholders, try this (not sure of date of info).....