Legendary Inv. Share Discussion Threads

[maxk] 21/7/2018 18:48

Hot and sunny 25 degrees, no sign of storm clouds (yet)

[professor pettigrew] 21/7/2018 11:57

Not 100% sure that there are two - Google are clouding the issue somewhat, but this article ties in with the new VS director, by virtue of his birth date - December 1961:-


Mr. Rene Hans Schuster serves as Co-Chairman at Blackrun Ventures Ltd. He has been an Independent Non-Executive Director of SurfControl PLC (alternate name SurfControl Limited) since November 1, 2003. Mr. Schuster serves as a Director of Telefónica Europe plc. He served as Group Chief Operating Officer at VimpelCom Ltd. since July 1, 2014. Mr. Schuster served as an Advisor to Telefónica Deutschland Holding AG since January 31, 2014 until September 30, 2014. He served as the Chairman of Management Board and Chief Executive Officer of Telefónica Deutschland Holding AG until January 31, 2014 and its Member of Management Board from September 18, 2012 to January 31, 2014. He served as the Chief Executive Officer of Telefónica Germany GmbH & Co. OHG (alternate name Telefónica O2 Germany GmbH & Co OHG) since June 2009. He served as the Chief Executive Officer of UK and Ireland at Adecco SA until September 2008. Mr. Schuster, who joined Telefonica with extensive telecoms and IT experience, having held senior positions at leading international companies, including Vodafone, Compaq and Hewlett Packard. A highly experienced executive, he has operated at a senior level in a number of technology, telecommunications and service-oriented companies. He served as General Manager of UK & Ireland of Adecco SA from October 2006 to March 2008. He served as Global Marketing Director of Vodafone Group from April 2005 to October 2006. He served as Global Director of the enterprise business at Vodafone Group. Mr. Schuster served as Senior Vice President and General Manager of Worldwide Consulting and Integration of Hewlett Packard from January 1999 to January 2004. He has an extremely high level of industry knowledge and expertise. He joined Compaq in July 2000 and served as its Chief Executive Officer, UK and Ireland. He served as Managing Partner, Chief Operating Officer and Senior Partner for Europe, Middle East and Africa of KPMG Management Consulting from 1996 to 2000. Mr. Schuster served as the Supervisory Board Chairperson of Joint Stock Company Kyivstar from August 4, 2014 to February 25, 2015. He served as an Independent Director of Hudson Highland Group Inc., from April 2003 to August 30, 2006, Berendsen plc from March 1, 2007 to February 28, 2010 and Davis Service Group plc from March 1, 2007 to March 1. 2010. He served as a Director of Telewest Global Inc., and Hudson Global, Inc., from April 2003 to August 30, 2006. Mr. Schuster holds a B.A. and an M.A. in Electrical Engineering from San Diego State University, USA and an MBA from University of La Vern.

[professor pettigrew] 21/7/2018 11:46

There are TWO Rene Hanns Schuster's. One has the middle name spelt Hans with one "N".

[professor pettigrew] 21/7/2018 10:55

Belt - we are trading now at least to a 50% discount relative to NAV, could possibly be a lot more, given the continued growth in VS.

When you take into account the first deals that will come from IBS, the growth in interest and deals in Crowd for Angels, and the Dunraven 100m barrels, plus as everybody forgets, our other assets, maybe 0.25p should be our price now and not 0.2p.

This week's increased interest plus the announcement from VS yesterday of a new director bodes very well for LEG going forward.

Maybe next week we will finally start to move away from the recent placing price.

[paulthomas103] 20/7/2018 21:58

This hire is special, they must have something to get someone of his calibre.

[belt n braces] 20/7/2018 21:30

TERN

As it happens I tried to short this one recently, IG index (which I use for currencies, gold and shorting only) would not allow a short.

The facts: Marketcap £ 81M. yet NAV of £ 10.58M with a 2017 loss of £ 1.69M. A real AIM jam tomorrow stock. In my view best to avoid.

[mudbath] 20/7/2018 20:55

"I have recently been looking to expand my personal portfolio."

Topical, Engaging, Rewarding, Nascent.

TERN

[belt n braces] 20/7/2018 20:41

I have recently been looking to expand my personal portfolio (I already have LEG, my only AIM and various FTSE100& 250's).

I have been looking at other AIM companies. However, what I seem to find is a lot of 'jam tomorrow' companies that have a NAV of approx 1/10th of market value. A lot of these companies do not even make a profit. Having recently sold a private company, and looking at the criteria we used, I find it actually astonishing the market value of some AIM companies.

What I do like about LEG is that we are well discounted to NAV, we do seem to be unloved by the market (which is great when you are looking to pick up cheap stock), and if the CEO is to be believed the market value should be miles higher than where we are today. Personally, I also have no need to sell in short term (never need to sell actually), so I can wait. In my view, the market value could eventually be multiples of where we are today, that is what I believe the CEO has recently been hinting (shouting out loud, but Mr Market has not cottoned on yet).

The thing about the CEO is that although Legendary was listed on AIM in 2000, it was only taken over by the current management in late 2000 (Zaf was there before 2000, but not in a position of control), with the plan to invest in start-up and small companies ,and hold the shares for 2-7 years.

The core value is presently with Virtualstock, and as we all know, with plans to list either on the UK market or Nasdaq. Yesterday, as part of the story there is a new director on board, so tangible things are happening.

So I will definitely be holding my LEG at least until we see how the Virtualstock plan pans out. Probably longer.

Have a great week-end!

[paulthomas103] 20/7/2018 19:42

Damn, I was hoping it was mm games and not a sell but profs right. Anyone is mad to sell at these prices.

[professor pettigrew] 20/7/2018 19:13

There is obviously something brewing, but having said that, the previous two days buying has more than accommodated the 10m sell.

If anyone is mug enough to depart at the placing price, that's up to them.

Patience and forward looking intelligence will pay off in spades in the future.

[sam the man1] 20/7/2018 18:56

Soup

Check out the link I posted on 1021

Lives in England, born Dec 1961, German nationality.

🍉

[gottopickapocketortwo] 20/7/2018 18:36

There is your A.I mention - leg were potentially wanting exposure to this sector

[soupdragon55] 20/7/2018 18:14

Https://medium.com/@iamcjlowe/notwics-blog-safetonet-episode-2-chief-commercial-officers-story-rene-schuster-78ede3966254?source=linkShare-3e19a3950ea7-1532106827

[professor pettigrew] 20/7/2018 18:13

Well, a 31m plus volume is very healthy - two-way.

[gottopickapocketortwo] 20/7/2018 17:58

There is your predicted delayed sell (10m) Paul

[chinese investor] 20/7/2018 17:39

There's more than one of them !

[soupdragon55] 20/7/2018 17:36

Thanks Sam.Rene was actually born in New York by the way. Background in tech at Compaq and HP plus Vodafone and Telefónica.

[professor pettigrew] 20/7/2018 17:29

This needs looking into a lot further. The recent buying interest in LEG wasn't for nothing.

As for the "German" story - I'm going for a major contract with either LIDL or ALDI.

[gottopickapocketortwo] 20/7/2018 17:26

A while back they did say they were in final talks with a German collaboration / business - they may have signed a deal and the German company may wish one of their guys as a director as part of the deal ? Pure speculation

[paulthomas103] 20/7/2018 17:17

Well he specialises in selling companies so that could be interesting.

[belt n braces] 20/7/2018 17:00

Is this the man for the proposed listing?

[belt n braces] 20/7/2018 16:58

VIRTUALSTOCK HOLDINGS LIMITED
Company number 05412723

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Date (document was filed at Companies House) Description (of the document filed at Companies House) View / Download (PDF file, link opens in new window)
20 Jul 2018 Appointment of Mr Rene Hanns Schuster as a director on 19 July 2018

[belt n braces] 20/7/2018 16:57

The man taken on for the proposed listing?