Legendary Inv. Share Discussion Threads

[ride the wave 1] 11/4/2016 20:07

GS1 UK conference tomorrow and Wednesday .

Guys and St Thomas are doing a speech about VS the edge at this conference and VS will be there doing a presentation about their technology The Edge . Guys and St Thomas have been using it and it saved them 3m within a year which is 10% of there yearly spend .

This is why VS will get a country wide contract with the NHS imo .(it could save the NHS 500m - 1b pounds per year ). Even Lord Carter recommended that every NHS trust uses Virtualstocks tech and there's 168 NHS trusts in England .

DYOR

[ride the wave 1] 11/4/2016 19:59

VS will be getting contracts like this , I wonder if they are tendering ?

worth £400m is up for grabs from the University College London Hospitals NHS Trust (UCLH) as it seeks an IT partner for a 10-year digital transformation project.
The tender, which starts at £150m, seeks a company to develop a unified ICT service model designed to “provide staff and patients with access to the right systems, at the right place, at the right time to enable the delivery of efficient and effective patient care”.
The tender does not offer much more than an overview of how the Trust wants its IT to be shaped over the next decade, but does outline several goals that it wants the successful strategic partner to achieve.
These include the provision of innovative technologies that support the Trust’s strategic and digital transformation agendas, the improvement of the quality of service provided to users of the technology, value for money while delivering improved services, and tangible benefits for the organisation.
The Trust's digital transformation programme will encompass all application and technical architecture, data management, information governance, managing procurement and IT contracts, and systems integration.
It will also involve working on foundation services, such as application support and maintenance, information security, running a service desk, and providing technology training to the hospital’s staff.
UCLH is ideally looking for a single supplier to become its strategic partner, although it said that consortiums will be considered if the companies nominate a primary contractor and provide an appropriate guarantee to deliver the objectives outlined in the tender. The Trust is also limiting the number of bidders to 10.
Like much of the wider public sector, the NHS is keen to pursue digital transformation as a way to deliver more cost-effective services.

[mrapeslaptop] 11/4/2016 19:56

You are avoiding the question mrsapeslaptop ?

[mrsapeslaptop] 11/4/2016 19:50

I take it as flattery that you wish to be my husband

[ride the wave 1] 11/4/2016 19:34

Keep red ticking you mug troll , you are having the opposite effect because the price is rising day on day ...week on week and month by month (just look at the charts on daily /weekly/ monthly candles) .

You're my lucky charm so keep up the good work :)

[ride the wave 1] 11/4/2016 19:32

Greg ,

Tell your broker to transfer them to your isa , there's a small fee for doing so .

ATB

[ride the wave 1] 11/4/2016 19:30

DRAMATICALLY REVALUE VIRTUALSTOCK

This was taken from the 1st of March and is the big news we are waiting for ...
It must be very close otherwise they wouldn't have printed it .

Zak Mir interviews Zafar Karim of Legendary Investments about the exciting prospects of VirtualStock and a possible NHS contract which will dramatically revalue this already proven company. We are expecting a member of the board of VirtualStock to attend

[ride the wave 1] 11/4/2016 19:27

Personal holdings of Virtualstock

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 !!!

[mrapeslaptop] 11/4/2016 19:27

You would not want anyone to have the wrong impression about you would mrsapelaptop I'm sure that is a FACT.

[mrapeslaptop] 11/4/2016 19:25

Can we be clear here mrsapeslaptop when did you take your short out ?
In the interest in openness and honesty of course.

[wrestlingmad] 11/4/2016 19:25

RTW 1 - "change" in the NHS happens at a snails pace, or even slower. I have worked in the NHS for over 30 years. You would not believe the number of people involved in each Trust in any decision making process, particularly of this magnitude. Implementation of new IT is usually fraught with difficulties and invariably fails or generates huge new problems to overcome. The idea that VS The Edge will be implemented in a large number of Trusts in a short time frame is fantasy I am afraid. At best it will be a gradual, one by one process. I respectfully suggest that you reign in the misleading idea that this could be an overnight wholesale NHS roll out.

[mrsapeslaptop] 11/4/2016 19:11

And added some more. Nice rinse today. I guess the dump rns is tomorrow

[professor pettigrew] 11/4/2016 19:10

I wonder whether the GS1 conference will be beneficial to VS and therefore LEG?

Will there be an RNS either tomorrow or Wednesday regarding VS, so they have something solid to impart to people over the next two days?

Interesting times.

[greg_dancer] 11/4/2016 19:08

Thanks Rtw, certainly a great day today, I bought a small chunk of leggies about six months ago, but I had used my Isa allowance how do you suggest I transfer them from my fund and share account to this years is a??

[philmiboots] 11/4/2016 19:05

RTW 1 - "change" in the NHS happens at a snails pace, or even slower. I have worked in the NHS for over 30 years. You would not believe the number of people involved in each Trust in any decision making process, particularly of this magnitude. Implementation of new IT is usually fraught with difficulties and invariably fails or generates huge new problems to overcome. The idea that VS The Edge will be implemented in a large number of Trusts in a short time frame is fantasy I am afraid. At best it will be a gradual, one by one process. I respectfully suggest that you reign in the misleading idea that this could be an overnight wholesale NHS roll out.

[mrapeslaptop] 11/4/2016 19:04

mrsapeslaptop I have some questions for you. Nothing difficult you should be able to answer them and I know how much you like FACTS.

[ride the wave 1] 11/4/2016 18:57

Purchasing price index starting 1/4/16

hxxp://www.nhsconfed.org/news/2016/02/carter-review-details-steps-to-up-productivity-and-performance

[ride the wave 1] 11/4/2016 18:56

NHS needs to save money

Lord Carter of Coles published his interim report for the ‘Review of Operational Productivity in NHS providers’ in June 2015.

The ambition of this review and the prize it seeks is huge. Based on the data so far available he believes that savings of up to £5bn per annum could be realised by 2020, with optimisation of procurement contributing at least £1bn of savings, and more if electronic procurement is used to reduce holding levels and wastage of pharmaceuticals.

Just considering procurement of everyday consumables, high-value medical devices and common goods & services it is clear that there is huge price variability (>35% in some cases), real challenges in invoice matching (18% matching across the cohort of 20 hospitals surveyed) and ineffective catalogue management (500,000 items vs best practice of 6,000 - 9,000 items).

His recommendations in this area are clear; implement an Adjusted Treatment Index to measure performance, develop a ‘model NHS hospital’ framework that describes best practice, optimise pharmacy while maintaining or improving patient outcomes and develop an effective and efficient approach to catalogue management.

But he also recognises that change must come from the within the NHS itself, supported by, but not led from the centre.

That’s where Virtualstock’s The Edge comes in.

We are working with the NHS’ largest teaching hospital to transform their Purchase To Pay process, delivering control, compliance and an optimised catalogue.

The first phase will enrol the catalogues and prices of their largest suppliers, which will cover around 60% of their consumables spend. This will be followed by enrolling the long tail of smaller suppliers, allowing them to make their full ranges available.

Requisitioners and category managers will have rich product data, price transparency and product availability information at their finger tips so that they can make the best purchasing decisions.

The second phase will be to open up the platform for order management, which will give all stakeholders end to end visibility of the supply chain, order status and procurement performance.

However, once suppliers have loaded their catalogues these can then be exposed to any other NHS Trust that they supply or indeed want to supply. And any NHS Trust can discover new suppliers.

Virtualstock’s The Edge, delivering cost effective and scaleable change, led from within the Trusts themselves, ensuring best practice and best prices at the point of purchase.

And without IT change on the critical path

[ride the wave 1] 11/4/2016 18:54

NHS IT renewal date 1/7/16

hxxps://www.supplychain.nhs.uk/~/media/Files/Procurement_Calendar/Procurement%20Calendar%202016.ashx

[ride the wave 1] 11/4/2016 18:52

Right place - right time - right technology

The biggest retailers in the country are using Virtualstock (Tescos , Argos , Maplins etc) . The technology is proven and saves the companies a lot of money by better procurement . One NHS has tested it and it saved them 10% (3m)of there yearly spend (30m) . There are 168 NHS trusts in the country and in Lord Carters report , he suggested that every trust uses Virtualstocks the edge technology.

This is why the NHS must replicate retail !!!!!!

[ride the wave 1] 11/4/2016 18:51

NHS must replicate retail

hxxp://www.hsj.co.uk/hospitaltransformation/hospital-of-the-future/why-the-nhs-must-replicate-retail/5091475.article?referrer=RSS

[ride the wave 1] 11/4/2016 18:48

Just read this ...

Virtualstock Ltd (“VS”), the leading British technology company in the provision of digital supply chain optimisation services, has been cited in Lord Carter’s ground-breaking report on the NHS as best practice in employing digital technology to deliver significant cost reductions, through supply chain optimisation and procurement process efficiencies.

The deployment of VS’ cloud-based, Amazon-style digital platform The Edge at Guy's and St Thomas' NHS Foundation Trust was featured as a case study on procurement in Lord Carter’s landmark government-commissioned report, .

David Lawson, Chief Procurement Officer at Guy's and St Thomas' NHS Foundation Trust, said: "NHS procurement leaders need to look beyond simply unit cost and focus on wider process efficiency opportunities through partnership working with industry and addressing hidden costs within the supply chain and purchase to pay process. At Guy's and St Thomas' NHS Foundation Trust, we wanted to embed best practice by replicating the best in retail. We need to deliver at pace, so we adopted Virtualstock, the same digital platform used by some of the UK’s largest retailers to deliver process improvement to both the hospital and our supply base."

In the report, Lord Carter recommends that “trusts seek to rationalise their catalogues and increase their compliance to at least 80%, learning from the best in the NHS [Guy's and St Thomas' NHS Foundation Trust]”. Highlighting this as an example of best practice in catalogue management and end-to-end supply chain optimisation, Lord Carter writes that through VS’ “innovative procurement platform”, The Edge, which utilises unique track and trace technology, Guy's and St Thomas' NHS Foundation Trust will achieve a further £3m (10%) annual cost reduction in targeted spend areas.

The report estimates that £5bn is lost in the NHS through waste and unwarranted variation across acute trusts: a sample of 22 trusts used 30,000 suppliers, 20,000 different product brands and more than 400,000 manufacturer products. Procurement-led efficiency initiatives specified by Lord Carter will aim to deliver savings of up to £1bn (out of £5bn) to 2020.

However, Andrew Mills, CEO of VS, emphasises this critical time period to 2020: “Lord Carter has identified achievable targets requiring immediate action to enable the delivery of these savings. With a significant track record of rapid and successful delivery in retail, the NHS could not only achieve, but even surpass these savings targets, as more hospitals adopt our unique platform, The Edge.”

VS has an impressive 10 year history of deploying digital solutions to leading retailers including Tesco, Argos, Maplin and Office Depot. Selected for their ability to implement agile, scalable technologies, VS continue to provide their retail partners with the tools to optimise supply chain operations, wh

[ride the wave 1] 11/4/2016 18:47

My thoughts

We are worth 0.18p from the last valuation of VS that is now outdated (58m value) .

On the next update (being conservative) I think VS will be valued at 100m - 150m .

That makes our stake in VS worth 0.36p - 0.54p (rough calcs) .

Bosques is worth 5m IMHO so add another 0.22p

If a country wide contract with the NHS is announced then 1p+ will be seen it an instant !!!!

That's from only 2 of our 10 investments .

[ride the wave 1] 11/4/2016 18:45

Recommended to all NHS trusts (168 of them)

This is the best article :-

hxxps://www.linkedin.com/pulse/nhs-must-replicate-retail-virtualstocks-technology-platform-mills