Legendary Inv. Share Discussion Threads

[falia] 21/12/2017 08:06

there no stopping these today

[professor pettigrew] 21/12/2017 08:04

That's me now at 71m exactly.

[falia] 21/12/2017 08:04

paying over

[professor pettigrew] 21/12/2017 07:58

Morning pt103.

I suggest quite a few will be getting their buying boots on today and topping up.

Zaf is building a very nice portfolio here. Maybe he might, as I alluded to yesterday, have a clear out of some of our non-performing assets to raise some nice cash and increase the stake in VS if possible and give us a bigger cash cushion.

He's certainly working hard behind the scenes, despite the ridiculous trashing of him by a few here over the past months.

[cpap man] 21/12/2017 07:58

Legendary Investments (LEG.L, 0.13p) – Speculative Buy

Legendary this morning announced that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited (‘CfA’), an owner-operator of the crowdfunding platform, ‘Crowd for Angels’, at a post money valuation for CfA of £3.7m. 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 which equates to 0.145p per Legendary Share (rank pari passu). The closing price on 19 December 2017 was 0.14p per Ordinary Share. Admission of new ordinary shares to AIM is scheduled to occur on or around 29 December 2017. Following admission, the company's enlarged issued share capital will comprise of 3,292,912,755 ordinary shares with one voting right per share (no shares in treasury). Legendary’s Executive Chairman, Zafar Karim, commented “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”.

Our view: This is an encouraging move for Legendary. CfA was among the first crowdfunding platforms to be authorised by the FCA and approved by HMRC to manage the Innovative Finance ISA (IF-ISA). Since its launch in 2014, CfA has successfully completed 9 fundraisings and helped raise over £3m (both debt and equity) for investee companies. It is also 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’). With the imminent launch of its £50m Liquid Crypto Bond, CfA is in exciting phase of its development. For the year ended 30 June 2017, CfA had losses of £192,986. Simply valuing Legendary’s 7.2% Virtual Stock participation on the basis of Notion Capital’s recent funding injection, this on its own, provides a 20% or so premium to LEG’s current market capitalisation. In expectation of Legendary’s participation in VS becoming more realistically valued within LEG’s wider portfolio, Beaufort retains its Speculative Buy recommendation on the shares along with its 0.7p price target.

Beaufort Securities acts as corporate broker to Legendary Investments plc

[strongbuy] 21/12/2017 07:57

It will take a couple of days before the herds cotton on to this, get in now and enjoy the ride !!

[falia] 21/12/2017 07:56

boom boom time guys welldone

[chinese investor] 21/12/2017 07:53

The Name's Bond - Crypto Bond !

[paulthomas103] 21/12/2017 07:52

Bhoona, i’ll Have your shares. We’ve saved a years good news for a few days. I like this a lot.

[bionicdog] 21/12/2017 07:48

Zaf never puts a foot wrong. Getting lighter.

[maxk] 21/12/2017 07:45

Party time, 1p by the time the sun comes up.

[professor pettigrew] 21/12/2017 07:42

Thanks for letting us know Bhoona - that's another weak holder out of the way.


I, on the other hand will be making a modest purchase at some stage today to take my total nicely to the 71m mark. I need around 1,250,000 shares approximately.

[mr bhoona patel] 21/12/2017 07:39

Tony de Nazareth states they need funds to expand. LEG havnt given them funds, only shares. To raise funds, they will have to sell the shares.

I will be selling into the spike this morning.

[professor pettigrew] 21/12/2017 07:38

Good morning to all genuine LEG holders.

More positive moves from Zaf here. Crypto, finance and tech all in the portfolio now.

We have some more RNS's to come in the next week or so, the interims and VS news.

Zaf is quietly building up LEG to be a major investing force.

I'll be calling the printers in the new year for the 1p party invitations.

Be interesting to see what we do today.

Well done strongbuy for the crypto news. Another winner in the portfolio.

[falia] 21/12/2017 07:37

look at vela, onl, lion all have 10 bagged

[cpap man] 21/12/2017 07:35

Mega things sd55 are going on at VS [nuff said cough cough] and the LOCK INS are described fully in the documentation [as expected]

[soupdragon55] 21/12/2017 07:33

Cpap, the debt is a trading pot? Really? Zaf used it to buy more VS, so are you expecting him to sell them sometime soon?Can you point out where you find that the new shares are locked in?

[nocky44] 21/12/2017 07:31

Suppose I'll still get marked red tho lol, just because I am a LEG holder :-)

[cpap man] 21/12/2017 07:31

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."

[nocky44] 21/12/2017 07:30

Lol CI I marked that one up :-)

[professor numbskull] 21/12/2017 07:25

I'm expecting a rise first thing, plenty of posts about 0.2p, 0.3p and 1p soon, and then a drift off for the rest of the day, as people digest the news properly.

[bionicdog] 21/12/2017 07:24

Still dark. LEG jumps into crowd funding and crypto currencies as the bubble bursts.

[chinese investor] 21/12/2017 07:21

Tony De Nazareth is the New Messiah !