Legendary Inv. Share Discussion Threads

[mickluv1] 27/10/2017 07:33

Morning allInteresting bit of research there Soup! It's been another interesting week here lots of healthy trading and some interesting posts.It's been nice to see.Have a great day folks and good luck

[michaelsadvfn] 27/10/2017 07:23

Professor Telex-Tape 26 Oct '17 - 18:42 - 9373 of 9389 0 2

Wait till IBS fly out of the tapes.

Then we'll have two massive winners.


...and do stop using that word 'massive'.

[chinese investor] 27/10/2017 07:23

Good Morning All Genuine Telex Boys !

[soupdragon55] 27/10/2017 07:04

IBS was set up by Zaf.The other shareholder is Pathfinder Trustees who were set up less than a month before IBS by Kenina Maree Court.She works for Crowe Horwath and specialises in setting up NZ companies for non Nationals. Over the past year she has set up dozens of companies.The only other named director is Andrew Mackay who has no share in the business, why would a founding director have no share and yet someone who has 'given advice' have 37% personally and a further 12% through a company? Plus the event that was to be held at NEX had Tim Munro-Keene as the CEO, even though he isn't listed on IBS directors but happens to work with Zaf at AVouch Capital.Everything points to IBS being set up by Zaf.

[professor pettigrew] 26/10/2017 22:41

Onwards and upwards here!

What will today bring?

[professor pettigrew] 26/10/2017 22:31

Soup - I bow to your superior knowledge of companies like VS, but you must hand it to oilbuy, in that IBS just could surprise to the upside, which I actually think it will.

From the beginning, I know some people in Auckland and Wellington, who confirm that business models such as those proposed by IBS are just not common in NZ.

There is a genuine gap in the market over there for a business model like IBS to succeed.

I think it a tad unfair that we pontificate just on VS (of whom I'm one of their biggest fans), to the detriment of everything else. I would gladly agree at the moment that the rest of our assets isn't probably worth that much, although our gold exploration could actually surprise and come good.

But, IBS has an original chance.

Zaf is actually quite a well known and astute person in the City of London, especially for his banking and finance experience.

He's done the groundwork, and acquired 12% of IBS for the LEG portfolio for a "nominal" sum.

He's now obviously done a lot more groundwork and acquired a 37% stake for himself.

I ask - with his reputation, would he commit to having 37% of a company that could either fail, or become a laughing stock, attached to his name?

I personally don't think so.

So, let's agree to put IBS on the back burner for now, although I won't and I suspect there will be some on here who will do their homework and come round to my way of thinking, and concentrate on VS.

VS has almost a 100% chance of success, and very big at that. It's already coming through, but I think IBS will be the icing on our cake.

VS to take us to 1p and beynd.
IBS to be the bonus to take us the 2p level.

We'll need to give it 1-2 years to come to fruition, that's all of it. VS, obviously much before, but the pair of them could very well be the winning double breakout that LEG has been looking for, for a very long time.

Never underestimate Zaf and what he has up his sleeve.

[lendmeafiver] 26/10/2017 22:28

Absolutely agree, All about VS, it’s the only reason we are all here, we all know that, good enough for me.

[soupdragon55] 26/10/2017 22:11

Oilbuy, be careful questioning other people's business acumen unless you have a high quality background running business yourself.My point re. IBS is looking at the fundamentals. I'm optimistic, but only on VS and not IBS, which was only set up as a means of gaining funding from other markets. Even Zaf has said this, so I'm not sure why you think different. Who do you think owns Alcazar? Put it this way, for IBS to be worth 1p to LEG it would need to be valued at £255m. That's not going to happen for years. Whereas the likely hood of VS doubling or tripling in value is much more likely.LEG is a one trick pony, forget Zaf's investments, it was Thomas Reuners decision to invest in VS.

[professor pettigrew] 26/10/2017 21:30

Amazon est eps $0.03.

Amazon actual eps $0.52.

Massive things for tech going forward, and VS are going to in on it. Both here and in the US.

And we are valued under £5m?

Do me a favour.

[oilbuy] 26/10/2017 21:16

Soup your a negative person. Success is built on positivity and beliefs that one can succeed. You can't keep looking back to the past. We must look to the future and learn from the past. I understand the route taken here.

[professor pettigrew] 26/10/2017 21:06

Tech stocks sharply higher in the US tonight.

IPO's going like a steam train, so VS better get their act together and get this float on the go.

One analyst on CNBC says that "Small tech companies in the US and the UK are severely undervalued given the exponential potential of technology and it's effects on everyday life".

[lendmeafiver] 26/10/2017 20:24

Plus given your sector experience techtrend what is your view on exit, there has been much talk of an IPO in 2018/19 but do you think VS could be acquired pre-ipo and by whom if so?

[professor pettigrew] 26/10/2017 20:20

techtrend - if you can keep us up to speed with the technology behind "The Edge" and what VS are achieving, that would be most helpful.

Thanks in advance.

[professor pettigrew] 26/10/2017 19:51

Thanks for that techtrend. Very informative to those of us still learning how to tune in a 1953 Bush b/w tv.

[professor pettigrew] 26/10/2017 19:47

Well said Belt n braces.

The groundwork has already been done in IBS. It will evolve into a nice little earner (With sincere apologies to A. Daley) for LEG.

We will own 12% of all commissions and incomes.

VS will see us to 1p and beyond.
IBS could see us to 2p eventually.

[techtrend] 26/10/2017 19:37

I have little interest in IBS either. My take on IBS is that it is only of possible use becuase it may provide funding to LEG for new projects which do add value here.

The only reason I'm here is for VS and the story there gets better and better every day. It was interesting to read the job spec for their new senior developer role (software is my day job) as it gave me some insights into their development approach. I found it very encouraging. It countered some concerns I had when i saw some of the FAQ about The Edge around importing price lists etc - where it seemed like some fairly basic work would improve the user experience greatly.

That said they are now working on The Edge 2.0 which presumably addresses the teething issues they've come across with existing clients to date. They're building it using an Agile methodology which I think is the right way forward.

[belt n braces] 26/10/2017 19:25

IBS; I presume what they need is to hire an office(s), get the approval of New Zealand government, hire the appropriate qualified staff. I would also assume the advice would be in relation to pensions, pension planning, tax advice, inheritance, corporate and income, covering personal tax planning. With the right people/strategy in place, it would not take that long (in years), to build up a decent business. I have seen this done before with founders selling up for a multiple gain. It can be done, and as far as I see our man has the necessary banking credentials/ + uk business connections to be a part of this. And he is also now a substantial shareholder in his own right, there will be good reason for that. A lot of these success stories start from nominal value, it is the people and connections that count.

With regards to LEG, very pleased as I am now in profit. When to sell, maybe never.

[professor pettigrew] 26/10/2017 18:48

Well, we'll see. I always like to bet against the crowd. I think IBS will be a very big winner eventually, although obviously VS is the jewel in our crown.

[professor pettigrew] 26/10/2017 18:42

Wait till IBS fly out of the tapes.

Then we'll have two massive winners.

[soupdragon55] 26/10/2017 18:41

IBS would need to be valued at £3m to be worth 0.01p (a hundredth of a penny) in LEG share price.It never will be of value. LEG is all about Vs and nothing else.

[lendmeafiver] 26/10/2017 18:27

I think you are right turbo, there is a growing confidence at VS I believe, Notion investment was the trigger. I know PP will disagree but IBS is of no relevance to me either.

[lendmeafiver] 26/10/2017 18:02

Very obsessive some of the posters on here

[chinese investor] 26/10/2017 17:57

You must have around 4,000 of these by now.
That's £280,000 worth !
That buys a lot of LEG shares - exciting times ahead !

Professor Telex-Boy (RRS) 01 Jul 2017 - 16:33:51
And for the record, lying CI, I now hold 3,669 of these.
I accumulate weekly, bit by bit.
I don't need to report every trade here or open my mouth like you do and spew lies about your buying and selling activities.