Legendary Inv. Share Discussion Threads

[cpap man] 21/12/2017 07:20

Yes sd55 but the shares are LOCKIN IN and the borrowing facility of 400K is for short term [trading] opportunities!

[falia] 21/12/2017 07:16

boom time guys welldone

[cpap man] 21/12/2017 07:14

IDS [last post but one on LEG i think?] that LEG were headed into the BLOCKCHAIN, CRYPTOCURRENCIES, ICOS, CF ETC....space!

[strongbuy] 21/12/2017 07:13

What did i tell you about the Crypto thing ???

Thanks would be appreciated !!

This will go to 2p plus ....Yes that is 2p and NOT .2p

PILE IN !!!

[professor numbskull] 21/12/2017 07:13

I went to party once, but was a little late. In fact as I got there, after great expense and dilution, the party had just finished.

That reminds me, anyone seen todays RNS?

[cpap man] 21/12/2017 07:12

21 December 2017

Legendary Investments PLC
("Legendary" or the "Company")

Acquisition of Stake in Crowd Funding Platform and Issue of Equity

Legendary is pleased to announce that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited ("CfA") at a post money valuation for CfA of £3.7 million. CfA owns and operates the "Crowd for Angels" crowdfunding platform. The 9.7% stake will be paid for through the issuance to CfA of 248,275,862 Legendary ordinary shares of 0.1 pence nominal value each ("Ordinary Shares") which equates to 0.145 pence per Leg Share. The closing price on 19 December 2017 of Ordinary Shares was 0.14 pence per Ordinary Share.

CfA has been at the forefront of crowdfunding since its launch in 2014. It was among the first crowdfunding platforms to become FCA regulated, one of the first to be approved by HMRC to manage the Innovative Finance ISA (IF-ISA) and is the first crowd funding platform to be launching its own Liquid Crypto Bond with attached crypto tokens through an Initial Coin Offering ("Liquid Crypto Bond"). See hxxps://crowdforangels.com/company/plc/Crowd-for-Angels-UK-Limited-1031

Since its Launch, CfA has completed 9 fundraisings and helped raise over £3 million for investee companies. With the imminent launch of its £50 million Liquid Crypto Bond, CfA is now entering a new and exciting phase of its development. For the year ended 30 June 2017, CfA had losses of £192, 986.

Tony De Nazareth, Founder and Director of CfA, said:

"Crowd for Angels is very pleased to welcome Legendary Investments on board as a strategic investor in the business. Moving into the New Year we are excited about the plans we have for the company. We will be focussing on raising the money for our unique Liquid Crypto Bond, along with continuing to help a range of growth businesses to raise the funds they need for expansion."

Zafar Karim, Executive Chairman of Legendary, said:

"We are delighted to be investing in Crowd for Angels. The platform has been at the forefront of its sector and continues to be so with the launch of its £50 million Liquid Crypto Bond. We expect to work with Crowd for Angels by sharing ideas and opportunities, and look forward to helping Crowd for Angels reach its potential.

"Legendary was the first outside investor in the successful tech company, Virtual Stock Holdings Limited. With its recent investment in IBS Corporation Limited, Legendary has a stake in a banking services platform and now, with the investment in Crowd for Angels, Legendary has a stake in a fintech platform. Technology, finance and its confluence, fintech are exciting sectors that will and are moulding the future."

[nocky44] 21/12/2017 07:07

These ICO's can grab the attention be interesting to see where we go today

[nocky44] 21/12/2017 07:06

Crypto currency RNS

[oilbuy] 21/12/2017 07:03

Wow. Big day coming

[professor pettigrew] 21/12/2017 00:56

Some will scoff at this.

"Some" may be correct.

But think.

This is the UK.

This is where Virtualstock is based - at Reading.

And the UK takes Christmas on board earlier and bigger than anywhere else IN THE WORLD.

Online shopping is growing exponentially.
Online shopping is key to Virtualstock's future growth................and
Online shopping is completely taking over the percentage of money spent.

So - have a look at this news report tonight from the BBC.

Online Shopping + Virtualstock = Massive Growth in revenues from 2018 onwards.

Bear in mind, that the growth in ONLINE SALES is the biggest in the UK in the world, apart from the USA.

That puts us at 2nd in the league. And where is Virtualstock currently angling for clients? THE UK.
But, where are Virtualstock going to "expand exponentially"? THE US.

You really couldn't make up the growth prospects here. Buyers at these levels are getting the bargain of a lifetime.

Sellers are just mugs.

Go figure - BUT READ FIRST.

[lendmeafiver] 20/12/2017 23:29

Good logic Soup.

I don’t want to go all Prof Petti Mystic Meg here as I know he likes to predict RNS’s, all be it with very poor timing success! But tomorrow will be the day I think, the interims were released on the 21st Dec last year.

[professor pettigrew] 20/12/2017 22:27

The news flow from VS is going to be non-stop soon.

And we have IBS to add to the mix.

1p?

Make that 2p.

[professor pettigrew] 20/12/2017 22:26

Rob Knott of @virtualstock speaks to Digital Health News after Sheffield Teaching Hospitals NHS Foundation Trust becomes the latest NHS Trust to implement The Edge™ for Health @Procure4Health #digitalsupplychain #DigitalTransformation

[professor pettigrew] 20/12/2017 21:38

Soup - some superb and detailed research and figures there.

Thank you big time.

Looks like we are now on the road.

The "1p party" is on track.

[soupdragon55] 20/12/2017 21:31

Just for completeness here is the source of the numbers, its from the VS IBM partnership presentation.

[idlemains] 20/12/2017 21:31

I think another factor is at play here:

Once VS are installed, it will be mighty difficult to displace them. Hardware/software adoption at the NHS moves at a glacial pace, and there must be a huge benefit to being first to the dance.

I am not concerned about the reports of delayed implimentation/teething troubles. This was always going to be the case. Guy's/Shelford etc are clearly working with VS to overcome these issues, and are sold on the benefits of the solution. Once everything is working as it should, other trusts will surely be more easily pursuaeded to go with a proven package than other options.

Even without the likelihood of new retail customers, the NHS is a huge opportunity. Very much a case of the right customer at the right time.

The next 6 months will be very interesting. Whether due to aquisition or float, I think an share price of three to five times current value within 12 months is a decent shout.

[paulthomas103] 20/12/2017 21:18

Soup that’s excellent work. Great estimate and my guess is retail will be at least the same again. This is scarily undervalued. we could make a lot of money here.

[soupdragon55] 20/12/2017 20:42

Aye CI, in two chunks, one on the run up to 3p then on the way to 6p. Had fun in VELA today too.

Anyway, back onto VS.

Worth noting that the Sheffield NHS Trust is not 'new' news, I covered it in post 9240 back in October and its been on VS website since September.

Looking at the figures we have seen in the VS IBM presentation slide, we can gain a few baseline numbers.

Now, as always these are my interpretation and I'm happy for comment. They won't be spot on but might help give us a clue as to the direction of travel revenue wise.

I've used the NHS pricing. Obviously this doesn't apply to retail clients and I don't know whether they'll have better or worse or totally different structure. But since the NHS pricing is in the public domain, lets go with that.

So.

1) Over 15,000 suppliers registered.

VS charge at £240 per year for ‘Local’ Suppliers (suppliers who sell to 5 Trusts or fewer) and £2400 per year for ‘National̵7; Suppliers (those who sell to 5 or more Trusts)

Haven’t a clue how this would split as its NHS specific, but lets go 50/50.

7,500 x £240 = £1,800,000 per year
7,500 x £2400 = £18,000,000 per year

So they could rack up a cool £20m income just from annual subs alone.

The lowest possible figure is 15,000 x £240 = £3,600,000 per year.
And the highest is 15,000 x £2400 = £36,000,000 per year!!!! Which just sounds silly.

GOOD START!

2) Over 20m products registered

VS don’t appear to charge for number of products. So I’ll skip this one.

3) Over 80,000 orders processed monthly.

VS don’t charge a supply processing less than £10,000 in orders in a given month.

Above that they charge 0.5% per month.

So £10,000 of orders = £50

If we split the 80,000 orders equally between 15,000 suppliers that is 5.3 orders per month per supplier which I doubt would reach £10,000. So no charge would apply.

But lets say the average order is £5

80,000 x £5 = £400000

0.5% of £400k = £2,000 per month in fees. Or £24,000 per year.

Obviously you can scale this with higher average order etc. But in reality it will be so mixed it will be impossible to call.

In summary we can see that the supplier registration can be a lucrative side and the fee per order will kick in a bit later once volume arrives.


As I said at the start, these are guesstimates from what we know so far and could be way off the mark, but they do give an idea of how revenues can be generated at VS.

[philmiboots] 20/12/2017 20:21

Have you ever made a loss then CI?

[chinese investor] 20/12/2017 20:08

Hope you lads made some gains with LION......I know I did !

[professor pettigrew] 20/12/2017 19:38

Get ready for the inevitable coiled spring...............................

[paulthomas103] 20/12/2017 19:16

Welcome Ivor and thanks soup and prof. You are correct this hasn’t been announced which means we’ve stolen a match on the market. This IBM opportunity is huge basically NHS SBS on steroids!!! IBM are in pretty much every country in the world and will supply every healthcare, retailer, warehousing, manufacturing etc... across the world. Undoubtedly IBM have a vested interest in setting up these agreements and promoting VS - it could be the single biggest thing that happens for VS.

[professor pettigrew] 20/12/2017 19:00

Just a word to the impatient.

Look at the chart for Lionsgold - a share that traded under 1p for months and months on end.

Then it almost 6-bagged within a week or so.

Just a word to the MM's (spivs).

Watch out when the real news starts to flow.

You won't know which way to turn.

[professor pettigrew] 20/12/2017 18:01

Well Soup, surely you've answered your own question there.

That is an impressive array of things for VS to be involved in.

80,000 orders processed monthly, equates to a million per annum.

VS are growing rapidly under our noses, and WE here know that. When these developments are RNS'd watch our share price soar.