Legendary Inv. Share Discussion Threads

[ride the wave 1] 11/4/2016 18:43

VS are presenting here tomorrow and Wednesday

hxxps://www.gs1uk.org/healthcare-conference

[ride the wave 1] 11/4/2016 18:41

Research

We own 7% of VS and they have employed the x director of PROCURMENT at the NHS , the director from Samsung who grew sales from 1b - 4b within a year and Nick Jenkins from dragons den , who sold Moonpig for 40m has taken a 2-3% stake in VS (low single figure stake) .

They have attracted a world class bod and have contracts with the biggest retailers in the country / NHS for their technology the edge .

VS can easily become a unicorn which means it will have a mkt cap of 1b that would make Leg worth 1.875p a share and that's just from one of our investments .

[ride the wave 1] 11/4/2016 18:39

Look who joined VS and why

Rob KnottOur hot topic this month of NHS Procurement was chosen mainly because of the HCSA conference at the end of the month, but as it happens there seems to be quite a bit of activity in the procurement technology space within the NHS.
We spoke last week to Rob Knott, who will be known to many readers, particularly in the health sector although his early career was very much in private sector procurement. More recently he was Procurement Director for a major NHS Trust and then a Director at the Department of Health (DH) where he did much of the work on the NHS procurement strategy of 2013. He left DH a few months ago, and we wondered where he might end up. We don’t agree on everything, but he is one of the most forward-thinking people in the health area, without a doubt, and has an excellent understanding of technology, which is rarer than it should be in the profession.
Anyway, the answer is that he is taking up a new role – he is joining software firm Virtualstock Ltd, who seem to be coming up in conversations with increased frequency these days. As we described recently, we learnt that they are the firm behind the product information management / catalogue and stock management initiative at Guy’s and St Thomas’s Trust in London that David Lawson wrote about here.
Whether or not their solution is relevant to every hospital, we can’t say – see the “comments̶1; on David’s article for an interesting debate – but there seems no doubt that Virtualstock is an interesting product for the sector and beyond. We will take a closer look at the solution shortly, but for the moment, we asked Rob Knott a few questions about the new role.
Congratulations first of all –what are you going to be doing with Virtualstock?
I’m joining as part of the executive team as Director of Healthcare and Public Sector. The role covers both the NHS and private healthcare providers, potentially, and whilst the focus is initially mainly NHS, it may extend into other countries too. The company also works with a range of blue-chips in the retail sector, although my role will not cover this, but there seems to be significant potential for the sectors to learn from each other.
And not just the NHS in term of public sector?
No, any organisation that has a lot of product data to manage at the front-line of public service is of interest. We think there are other parts of the public sector that could benefit from the solution.
I know you have been looking at a few options since you left DH – why Virtual Stock?
I’ve always been interested in disruptive technology, back to my days in the banking sector, in the early 90's, when we built our own eProcurement system – ahead of the times! Combine that with my work on international best practice and future operating models for the NHS when I was in the DH, then Virtualstock seems to have something that is truly disruptive and meets so many of the needs that hospitals have in terms of supply chain management.
How did you first come across Virtualstock?
As part of the DH work, we were looking at the read-across from the retail industry. There are real parallels - major retailers have to manage a huge number of different products, stock and supply channels. Now they have to have multiple, efficient “front-ends221; to their customers - stores, online and now mobile – but backed up by some very clever interoperable systems which manage huge amounts of data. Initially, I saw Virtualstock working in Tesco and thought this was something that should be of real interest to hospitals.
We featured the programme that David Lawson is introducing at Guy’s using Virtualstock– I guess you think this is applicable to other Trusts?
Yes, this is a solution that is available now; indeed the information and products from suppliers who participate in the Guy’s programme will be immediately available to other Trusts. But I would say that, using technology in new ways to achieve benefits, including this and the GS1 initiative in health, it is not just about the technology. It requires a new culture of disruptive technology adoption and change management in hospitals if we are going to get the most out of the eCommerce. Like disruptors in other sectors, we need to think big, start small and scale fast.
Why did you decide to take the leap from procurement directly into the tech sector - and a job on the supplier side too?
Like many senior practitioners in the sector, I am obsessed with making a difference and helping the NHS to be more successful! I hope this is a way I can contribute to that.
Thanks to Rob Knott and we will feature more from Virtualstock soon.

[ride the wave 1] 11/4/2016 18:36

VS the edge imho

Lord Carter report recommendation 13

NHS Improvement to Develop a Single, Integrated Performance Framework.
By July 2016

The intention is to ensure that there is one unified set of metrics and a consistent approach for reporting while at the same time reducing and rationalising the overall reporting burden. There will be a quarterly reporting cycle designed to be sharply focused, rigorous and reliable. It will also include the introduction of lean daily management.

Impact on Procurement: As metrics alone don’t deliver improvement, there is a considerable emphasis on a cultural change whereby knowledge-building and collaboration occur nationally, regionally and locally. NHS Improvement will need to create guidelines and toolkits to build that level of understanding from executive boards down.

[ride the wave 1] 11/4/2016 18:33

Rolled out across the NHS



Exploring how behavioural insights can be applied to an online procurement system, to generate cost savings without compromising quality. The project team will test how messages and prompts can be used throughout the buying process to encourage efficient and effective purchasing decisions.
Led by The Behavioural Insights Team in partnership with The Policy Institute at King’s College London, Guy’s and St Thomas’ NHS Foundation Trust, and Virtual Stock.
Completion date: Spring 2018.
The NHS spends £9 billion on procurement each year, but an estimated £1 billion could be saved by adopting best practices and modern systems. This project aims to identify the optimal ways of presenting buying choices in an online procurement system, to reduce waste and improve efficiency.

The research will focus on the new online procurement portal at Guys and St Thomas’ NHS Foundation Trust. The project team will observe how staff use the system and how their working environment shapes procurement decisions, before developing a range of features to test on the live system. Each feature will be designed to influence buying choices, for example by:

highlighting the most commonly purchased products within a category
displaying the per-unit cost of products
showing how satisfied other purchasers have been with a product
asking users to reconfirm quantities
prompting users to choose the most efficient delivery options.
The team will measure the effect that each feature has on outcomes such as total spend by product line or category, spend by departmental budget line, product re-ordering rates and patient outcomes. These outcomes will be compared with historical purchasing data from the trust and control data from other trusts, including early-adopters of the same procurement system. The researchers will also gather feedback from staff about their experiences of using the new system.

In the final phase of the project, the researchers will assess the overall impact of introducing the new system and make recommendations for how it could be rolled out across the NHS.

- See more at: hxxp://www.health.org.uk/programmes/behavioural-insights-research-programme/projects/improving-efficiency-building#sthash.7oS4K4YS.dpuf

[ride the wave 1] 11/4/2016 18:30

We are waiting for news on :-

Bosques (in talks with 2 companies)

VS (huge NHS contract +2 household names)

Whilst we wait we keep on reaching higher highs and higher lows (getting re-rated) .

I expect news will come this month



ATB

[ride the wave 1] 11/4/2016 18:29

I'm letting people know about LEG , if you don't like it tough !

[cpap man] 11/4/2016 18:24

r t w 1 stop the ramping all over ADVFN [just seen your post on the KRS thread] as LEG does NOT need to be ramped.

[cpap man] 11/4/2016 18:24

r t w 1 stop the ramping all over ADVFN [just seen your post on the KRS thread] as LEG does NOT need to be ramped.

[professor pettigrew] 11/4/2016 17:02

Hi littlemadam. Well, don't think this board is doing too bad, no idiots as far as I can ascertain here, those I can ban will be banished immediately in any case.

When we get to 1p, we should hold a "1p party" and give RTW1 the credit he richly deserves.

Onwards and upwards!

[littlemadam] 11/4/2016 16:52

rtw, pp inevitable I suppose that, once we get noticed, the plonkers come out of the woodwork.
We were going along for weeks,months with sensible posting. Now all the immature idiots arrive. Give them a few days, the expected rns or two to shut them up and hopefully we can get back to normal.

[astute person] 11/4/2016 16:43

I wouldn't want to be in these first thing tomorrow.
Just saying like.

[ride the wave 1] 11/4/2016 16:42

I feel sorry for those that sold (lol) .

BIG MISTAKE IMHO

[crapcrap] 11/4/2016 16:04

add a zero to 1 decimal place

[chinese investor] 11/4/2016 15:45

I can't see anything wrong this post.

Poseidon Adventure (LEG) 11 Apr'16 - 15:02
Ill be buying back at 0.25p.

[rpat2] 11/4/2016 15:40

Suggest you read the post CI who has made the mistake !??

[chinese investor] 11/4/2016 15:39

rpat2,
Please don't cause trouble.
This is the nice thread and regular posters don't make mistakes.

[rpat2] 11/4/2016 15:37

So the clown has changed his post from 2.5p to 0.25p ! Your laughable ! Still wrong suggest you get a maths class on decimal places and pounds and pence!Nice editing your post by the way ! Only fooling yourself you muppet !!Some people

[ride the wave 1] 11/4/2016 15:32

It's all about the huge NHS contract and Bosques . When the news comes you won't be able to buy in so I'm riding the waves knowing that a much bigger higher high will follow . If you get emotional it will only cost you money !!!

The fundamentals got stronger today and there's no reason to sell whatsoever .

Nice try troll , but you are not fooling me sunshine

[poseidon adventure] 11/4/2016 15:30

rpat2 - please check your facts.

[ride the wave 1] 11/4/2016 15:29

Still undervalued , only the mugs are selling !!

Doh

[alchemy] 11/4/2016 15:27

At or about ten year high

[alchemy] 11/4/2016 15:27

At or about ten year high....