Legendary Inv. Share Discussion Threads

[chinese investor] 13/4/2016 08:16

It must be code for summit !

[ride the wave 1] 13/4/2016 07:54

Good morning all

:)

[professor pettigrew] 13/4/2016 07:48

Good morning all.

Here's to a resumption of our gentle climb upwards before the positive news we all know is coming.

GL.

[ride the wave 1] 12/4/2016 20:49

One last thing ....

Look at the chsrt at the top right hand side of this page :-

That little spike down from the high of 0.31p has created A BULL FLAG !!!

Google bull flag and read about it and look at images and you will see for yourselves.

ATB

[ride the wave 1] 12/4/2016 20:40

WHAT IS ROB KNOTT TRYING TOO SAY ??????

GS1 UK healthcare tweeted -

The demonstrator sites will prove we get value for money ... Says Pat Mills


Then Rob Knott tweeted this 1m after -

Should expect to see savings by the summer ...

MASSIVE STRONG BUY - HE GAVE US THE HEADS UP IMHO !!!!!

[ride the wave 1] 12/4/2016 20:30

BLOG: THE EDGE FOR NHS PROCUREMENT
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] 12/4/2016 20:28

Now read this by director of procurement at Guys and St Thomas who are using VS the edge .

Hot Topic(We are delighted to feature this very timely guest post - given our comments yesterday - on NHS on-line ordering and other delights from David Lawson, Procurement Director at Guy's and St Thomas' Foundation Trust, London).
David Lawson10 years ago, like many hospitals at the time, we were replacing paper-based systems with on-line ordering as part of wider updates of Finance Systems. The brave new world of eProcurement had reached the NHS. A key learning point was that on-line ordering does not equal inventory control and so we embarked on a parallel programme of deploying inventory systems and in doing so exposed huge hidden costs.
However, inventory systems do not cover all spend and the assumption at the time was that on-line ordering would streamline the rest of the process and help drive new savings. What we have come to realise is that on-line ordering in itself, especially that provided by traditional Finance Systems, simply replaces one set of problems with a new set that if not addressed represent significant hidden costs and lost opportunity. We have identified six factors which collectively mean that we are at risk of ordering more than we need and paying more than we should:
1. Pictures! Q: When you order at home would you buy something if all you could see was a product code? A: No. Yet we expect clinical teams to order products with no pictures. As a result we have the everyday risk of clinical staff ordering the wrong item and the resulting re-work and risk of waste this creates. We need systems with Pictures.
2. Track & Trace. Q: When an order is raised when does a clinical team know it has arrived? A: When it arrives. That's great but what happens if the supplier did not receive the order, or they received the order but it is on back order, or the product has been delivered but was sent to another building? The lack of visibility creates a lack of trust in the system. As a result you see general over ordering, just in case. We need systems with Track & Trace.
3. Lowest cost 1st. Q: When you order at home would you select the most expensive supplier? A: No. Yet our own systems do not display delivery charges so a direct supplier may appear as the lowest cost option when a wholesaler is in reality the best value option. We need systems that provide visibility on total cost and provide an alert if the lowest cost option is not selected to 'nudge' users to the most cost efficient option.
4. Catalogues. No one likes managing catalogues yet they are central to effective spend control. For suppliers they have to employ an army of back office staff to maintain multiple price files operating on multiple systems requiring multiple formats. For procurement teams they have to validate the same catalogues and either deal with errors at the front end or invoice price queries at the back end or both. As a result a large percentage of catalogues will be time expired at any one time and the accounts payable team are tied up with invoice queries. Catalogue coverage will be low because to administer a high number is difficult. Equally the level of product information is largely limited to unit price, product code, unit of measure. The absence of GTINS for example limiting efficient product receipting. We need systems that streamline catalogue management for both suppliers and hospitals and provide more depth of information from GTINS to product specification.
5. One System. The interesting aspect of on-line ordering and inventory systems is that they both provide a route to order but they operate independently of each other even when used within the same clinical area. The on-line system will allow you to order a product without informing you that the inventory system has the same product already on the shelf. Equally the on-line ordering system will allow you to order a product without alerting you to the need to route through Pharmacy. We need systems that integrate with other inventory systems to provide a One System solution.
6. Gatekeepers. Good systems are important but simple control is equally important. Last year we transferred responsibility for on-line ordering from a group of Theatre Sisters to a single 'gatekeeper'. The impact was dramatic with an immediate reduction in weekly order levels as duplicate/ excess ordering was removed. Across the hospital we have over 1,600 users. We need to reduce the number of users.
We do not know the hidden costs these issues create but we know the consequences in terms of ordering more than we need and paying more than we should. The Department of Health have recognised to an extent the need for agile systems with ability to scale up, but we need to act at pace. We cannot wait for strategies to be written and pilots to be developed; we need to drive efficiency now and we need a solution now. To address this challenge we turned to the retail industry and are now introducing the same 'Amazon style' cloud-based solution with interoperability to other systems used by the largest retail firms and supermarkets in the country.
Last week, in a matter of hours we uploaded all 420 of our supplier catalogues covering over a million product codes onto a GS1 accredited cloud-based product information management system (PIMS). The system fundamentally streamlines catalogue management for both our suppliers and the Trust and provides the foundation to become our on-line ordering solution over the coming months. The cloud-based system can connect to any hospital and to any supplier so offers a ready-made NHS PIMS. If retail can operate in this way with their supply chain, then so can we.

[ride the wave 1] 12/4/2016 20:24

From GS1 UK

VS done a workshop on replicating retail at 1.30pm .

These are some comments from people attending :-

1) great level of commitment at NHS trusts to implement GS1 healthcare standards .

2) GS1 programme will save the NHS over one billion pounds and help reduce the billions the NHS payout in settling claims .

3) 6 demonstrater trusts ,6 more with plans but 34 trusts still not engaged .

4) Nurses spend 2 hours a day looking for supplies

5) Over ordering and inefficient final mile identified as key PROCURMENT challenges

6) GS1 standards are critical to underpinning new solutions

[astute person] 12/4/2016 20:16

I had 30 million of these but I sold them at around 0.365p.
Good luck to all genuine holders.

[mrsapeslaptop] 12/4/2016 20:10

this chart looks a bit familiar too. and a reference to gold miners too

hxxps://www.incrediblecharts.com/trading/pump_and_dump.php

[mrsapeslaptop] 12/4/2016 20:00

and the 20d ma is important as IF there is any placing its typically around that mark. anyway been a good day so far. lets see what tomorrow brings

[professor pettigrew] 12/4/2016 19:06

Indeed it did RTW1.

That is why I feel strongly that we will start our upward climb again from tomorrow morning.

Quality will out, and always a possibility of VS news, even something from the GS1 conference.

[ride the wave 1] 12/4/2016 18:47

The last pullback only lasted one day

[professor pettigrew] 12/4/2016 18:45

Also, we have an option to increase our stake in VS to 10%. That would involve a placing or dilution of some sort, but nobody will mind that, because we will be borrowing for certain growth.

Today's share price action was crucial. Yes, we pulled back (after the rise we've had here over the past month it's not surprising), but we consolidated and didn't either drift or gap down alarmingly.

I think given what happened today, we will resume our slow rise upwards from tomorrow ahead of VS and Bosques news.

[rjdavey68] 12/4/2016 18:14

OK I see, thankyou PP

[professor pettigrew] 12/4/2016 18:10

The loan will be repaid in equity at the price prevailing on the day the loan is due.

We have a good number of weeks now for this to be repaid. The higher the share price at this time, the less the dilution.

Any dilution is minimal anyway, and will be deemed insignificant because the share price will be far higher than it is now.

[rjdavey68] 12/4/2016 17:56

Can I ask a quick newbe type question. If the loan is not repaid it will be converted to equity at the prevailing market price in May 2016, but how does that work exactly? Am I right in thinking they would be given $250000 worth of shares? but where do the shares come from if not bought from the market? And yes I am lazy lm!

[ride the wave 1] 12/4/2016 17:10

Mug trolls everywhere

[rpat2] 12/4/2016 16:57

Who ever has got access to lse bb I would suggest adding the post ref the loan as scaremongering is started

[professor pettigrew] 12/4/2016 16:44

I suspect there may be one or two here winding us up re placings who know full well there wont be one.

The finger is poised.

[littlemadam] 12/4/2016 16:24

Yep. What a corker.

On a different note, I cannot get over the lazyness of some, asking about a loan due for payment next month (that might be why some are presuming a placing.
PLEASE YOU LOT. THE INFORMATION IS IN INTERIM RESULTS PUBLISHED DEC 2015.
Loan is US$250,000 from Alcazar, who already hold 11.1% of LEG. If not repaid it will be converted to equity at the prevailing market price in May 2016. So no money will need to be paid. And no placing.
A similar loan was repaid in August 2014.

Read it for yourselves you lazy blooming lot.

[ride the wave 1] 12/4/2016 16:16

Buy the dip

[ride the wave 1] 12/4/2016 16:02

All 168 trusts !!!

:)

[littlemadam] 12/4/2016 15:58

Rtw, been reading VS site again. Particularly the item about their link-up with Guys hospital. I like the paragraph:
"Once suppliers have loaded their catalogues these can be exposed to any other NHS Trust that they supply or indeed want to supply. And any NHS Trust can discover new suppliers".

So, instant roll-out at the press of a button.