Legendary Inv. Share Discussion Threads

[maxk] 09/9/2018 20:36

Hurricanes in short supply at the moment.


Perhaps later.

[professor pettigrew] 09/9/2018 16:26

For one who has no interest here, no interest in seeing LEG do well, and no interest in life in general, apart from praying at the altar of nonsense, your research is second to none Mudgod.

[nick nak paddywhack] 09/9/2018 12:35

I guess its a numbers game, Mudbath. LEG have a pretty diversified portfolio, and it 'just' takes one of them to do very well for this share to double.

Most are of the opinion that VS will be the one, but all the others have the potential to do well.

Whether that happens is the 64p question.

[mudbath] 09/9/2018 10:12

Paul
Thanks for your response.
There are several categories of banking licences which may or may not be granted.
According to research by soupdragon,the granted authorities to operate,provided by the New Zealand regulatory authorities,were very restrictive in their scope.
It was unusual for the information regarding the IBS grant to be disseminated, not by the investee company,but by Legendary Investments.This was probably necessitated by IBS having no discernible structure.
I do not believe that it was Zaf who was the enabler in their gaining the licence,rather Ms Kenina Maree Court,as it was she who lodged the IBS "banking application" and who is the Director of Eight Peaks NZ.
Court is undoubtedly a pivotal figure involved with Zaf in maneuvering the maze of cross IBS holdings .

By the way,if you choose to refer back to annual reports from a few years back,these extolled the virtues and promise of numerous earlier LEG investee companies,none of which generated any returns for investors before fading away into obscurity .

As I have similar doubts concerning the viability and integrity of CfA,not to mention its valuation,its seems reasonable to me that any investment in LEG should be kept to a minimum.

I may of course be wrong.

[bionicdog] 09/9/2018 08:29

Hungover and sunny in Banstead. We are expecting hurricanes later after the prof leaves Wetherspoons.

[soupdragon55] 08/9/2018 22:43

A bit more background digging on IBS.

Here's the sole named director of IBS Corporation.



Interesting how a company called IBS Corp Management existed at the same address (Flat 2, 507 Lake Road) as his previous companies (Aspire Group) before being removed from the companies register.

Also Manu Forti Nominees, of which Mackay is the sole director, had the same address as IBS Corp Management.

So it looks like Mackay previously tried out an iteration of IBS and didn't get anywhere.

[professor pettigrew] 08/9/2018 19:17

Paul - mudbath has only one comment, and that's to see LEG fail.

I wouldn't even give him the time of day.

[paulthomas103] 08/9/2018 17:55

Hi Mud, have you not seen mining companies increase value based on a licence? Same principal applies. It’s seriously hard to get a banking licence and they needed Zaf with his background and a listed investment company to achieve this. This is why we got shares for nothing and this is why he owns 50% of the company. The website etc... will come when they either hire or raise more capital.

[professor pettigrew] 08/9/2018 17:53

Go shag the Vic in the morning mudmoses.

You might feel better then.

I know some nay-bores who are as condescending, pious, and as false as you.

May you all rot in hell.

For none of it exists.

That'll be another £5 in the collection plate please mug.

[mudbath] 08/9/2018 17:31

If inquiring how(according to Bloomberg)IBS can command a valuation of £7.4million when they have no web site,no telephone number,no BOD and no revenues;amounts to trashing the thread;then my apologies.

Your considered, factually based reasoning would be welcomed.

[professor pettigrew] 08/9/2018 16:05

I tend to agree there Belt. He's scum a 'la crème.

One day he'll be found and dealt with. He wont, of course, attend the AGM as it's a long way from a bedsit in Hartlepool to the City of London.

Meanwhile we'll get on with loading up on LEG stock and reaping the eventual rewards.

I sometimes wonder what makes these cretins tick.

[soupdragon55] 08/9/2018 15:57

I'll try and get time to update the header poss. tomorrow.

[soupdragon55] 08/9/2018 15:56

Sam, I'm struggling for time at the moment but here is an attempt at understanding the effect of the consolidation. Its a bit sketchy as I've done it quite quickly.

If you have 10,004,223 shares

Current sell price is about 0.0915p

Therefore selling those at that price would bag you £9153.86 excl. Fees etc

So, through consolidation.

10,004,223 / 23,763 = 421 new interim shares

This is then sub divided by 63. So your 421 becomes 26,523 shares and 1,263 deferred shares which aren't worth 'owt.

Not sure how the share price will then work but if the share reduction is by 377, simply mulitplying the sell price of 0.0915 by 377 would give a new sell price of 34.4p

26,523 shares sold at 34.4p would bag you £9,123.91 excl. Fees etc.

So you have about £30 less than before consolidation.

[belt n braces] 08/9/2018 15:12

Chinese Investor

It seems to me you lead an unhealthy trolling lifestyle. I suspect the monikers that appear on these threads on a regular basis are also your work. A bit of advice, walk away from people who's behaviour of beliefs you cannot accept. You will likely find that difficult as you are addicted to trolling the prof. Just read back your posts today?

[bionicdog] 08/9/2018 14:44

Getting more frosty.

[chinese investor] 08/9/2018 14:22

Belting down in Durham !