Legendary Inv. Share Discussion Threads

[bionicdog] 13/6/2018 19:17

And there we have it in a nutshell.

[philmiboots] 13/6/2018 19:09

Yes, yes CI, I'm sure you did.

[bionicdog] 13/6/2018 18:56

Prof
Like you , I'm an atheist. That doesn't mean that I don't believe in conducting myself in an appropriate manner. Your behaviour does nothing but turn people away who might be considering investing.

[chinese investor] 13/6/2018 18:50

For The Record I Sold My Entire TERN Holding Earlier For 55p !

[professor pettigrew] 13/6/2018 17:53

See you at church then fatfish.

[professor pettigrew] 13/6/2018 17:30

Well bionic - if the cap fits.

And in your case, it certainly does.

[maxk] 13/6/2018 15:58

They'll be singing psalm's soon if the weather doesent change.

[professor pettigrew] 13/6/2018 15:43

Many thanks KK - and you too.

paulthomas103 - entirely agree, but this is worth a serious thought.

Let's say last year's turnover was est around £5m. The plan is to double that every year, but since 2017 closed there has been the IBM and Wincanton tie-ups, plus some more trusts (more to come on stream soon) and Zaf has alluded to more than once the fact that VS continue to hoover up contracts via smaller retail outfits that don't really warrant an RNS.

I set the 2017 figures at £5m instead of the quoted one a bit lower to take into account what happened in Q1 of this year.

So, bearing in mind what's happening in the future that we know of, I think the 5-year plan to double turnover (at a minimum) will easily be exceeded.

But for now:-

2018 - £10m
2019 - £20m
2020 - £40m
2021 - £80m
2022 - £160m

That's the 5 years, including this one.

Make of that what you will. With "advanced talks" already in operation as regards a "leading German retailer", a US office planned to be open later this year, and plans for an eventual NASDAQ float for VS - plus IBS turning into a potential cash cow (CfA are operating above expectations by the way - a visit to their website occasionally is very informative), I fail to see how the market can value LEG at still under £4m.

Then again, markets are not right all the time. This one is probably the biggest mis-priced stock around.

Continual accumulation and holding is the name of the game.

Ask yourself this question:- Why has Bruce Rowan hung on tight to his 7%+ stake here through thick and thin?

And he's no fool.

[paulthomas103] 13/6/2018 15:18

It’s worth adding if VS did 3.2 million in 2017 figures which would stem 2016-2017 accounts and he states they nearly double every year and would in this time period have gone live with John Lewis, shelford group etc... would it be safe to say the current turnover is around 6 million. IT companies tend to have a large valuation put on them again showing a massive undervaluation.

[paulthomas103] 13/6/2018 14:14

I’ll second that or third it. In for the long run up.

[bionicdog] 13/6/2018 14:11

Some people get invited to the party after just two posts!
I'm still waiting and hoping.

[kemorkid] 13/6/2018 14:09

Well said wantage and PP.
My thoughts exactly.
Have a lovely afternoon.

KK