Legendary Inv. Share Discussion Threads

[chinese investor] 04/9/2017 08:23

It's all on the float then !

[professor pettigrew] 04/9/2017 08:02

Buying at 0.14p is at a 25% discount to current assets.

It's also buying for the very rich prospects going forward, particularly in VS.

[gbenson1] 04/9/2017 08:01

We're was that stated Chinese? The more I hear the more I believe that this co. is Zafs slush fund!!

[chinese investor] 04/9/2017 07:55

LEG "invested" the warrants proceeds into AMED which then plunged in value !

[gbenson1] 04/9/2017 07:52

Chinese, don't forget we have the £225k ish for the warrant sales that we "gave" away to the Alcazar consortium, who swiftly made a circa 65-70% profit!!

[chinese investor] 04/9/2017 07:51

So how is this going to be paid back ?

"Post the year end, in April 2017, Legendary entered into a new facility agreement with Alcazar 1 Pte Limited for up to US$400,000.

The facility bears an interest rate of 10% and has a term of one year.

At the end of June 2017, US$250,000 of the facility was drawn down."

[chinese investor] 04/9/2017 07:46

Cash in March 2017 was £176,000 - there can't be much of that left !

Here's another clue :- "As at 1 September 2017, Legendary had cash and listed investments of £236,000."

[quinan] 04/9/2017 07:42

Also is looks like VS will be floated.

The year has been marked by substantial progress at Virtual Stock. This investment has proved highly profitable. Moreover, there is much further to go, and a listing in the mid-term is a distinct possibility

[chinese investor] 04/9/2017 07:39

"Administrative expenses were GBP326,000 (2016: GBP259,000).

The increase resulted primarily from an increase in Directors' fees to GBP82,000 (2016: GBP16,000) and the rental of office space at a cost of GBP34,000 (2016: nil).

Travel expenditure also increased to GBP33,000 (2016: GBP24,000) and there was a one-off increase associated with IT work to GBP6,000 (2016: GBP1,000)."

[gbenson1] 04/9/2017 07:37

What on earth is this in the final results, we had a placing of £1m in May 2016 in essence to repay Alcazar the $250,000 loan, sometime between April-Jun this year we borrowed it back again, who the hell makes the financial decision in this company - Mikey mouse!!

[professor pettigrew] 04/9/2017 07:37

Morning all.

Well, there we are, a good solid, and very promising going forward, set of results.

LEG are currently valued at £4m on the market, the total value of our investments and cash is approaching £5m as the rise in Amadeo stock recently hasn't been factored into this statement.

So, anyone buying today at 0.14p is actually accruing value around 0.18p.

Not only are we trading below NAV but the potential going forward for VS in particular, and for me IBS, isn't being taken into account either.

I don't think we are far off another RNS regarding VS with more contracts achieved in the retail sector.

I presume Beaufort will come out with another update in due course.

[philmiboots] 04/9/2017 07:32

You've got your RNS for this week!
Can't see anything "new" in it though.

[professor pettigrew] 03/9/2017 19:10

This week will see a positive RNS, especially with reference to VS.

[professor pettigrew] 03/9/2017 18:14

Take a mid-point between our current share price and that of the target price of Beaufort Securities.

We should be trading circa 0.42p.

[professor pettigrew] 03/9/2017 17:04

Thank you abeygale.

If you look deeply into what's going on, the pattern is obvious.

We are trading at such a deep discount, it's almost embarrassing.

[abeygale] 03/9/2017 10:12

Apfindly shouted at the roof tops daily about GWMO, and was right in the end.

I am sure the professor is doing a similar thing with LEG, because he knows he will be right in the end.

[chinese investor] 01/9/2017 18:34

The Marmite has been flying off the shelves in my local supermarket.....along with the Warburton and Hovis loaves....I wish I had more fiscal acumen to understand it all !

Professor Pettigrew (Premier Foods) 28 Jan 2013 - 09:13:48
I've now instructed my massive City team to switch to Warburtons loaves instead of Hovis.

[gbenson1] 01/9/2017 12:26

Think we might have to change our name to Marmite, love it or hate it lol. It's not just the mms playing games, seriously believe BOD (2) look after their own interests first, just a feeling.

[professor pettigrew] 01/9/2017 12:14

Looks as though you may have been right with the timing gb1 - or was there a big buy or was it just an mm game?

I must say the price action of late has been quite baffling.

[professor pettigrew] 01/9/2017 11:32

Lol! That excitement didn't last long, back to unchanged.

Fun while it lasted though!

[gbenson1] 01/9/2017 11:26

Seems the warrant consortium are selling into any strength, thought they'd finished.. Joe Bloggs holding is still 250m so it's not him?