Vebnet Share Discussion Threads

[tuffbet] 09/2/2006 15:09

I believe VBT have enough irons in the fire and capability to grow their business organically without relying on any specific tie in - they have been careful to diversify their avenues to the end user

[rambutan2] 09/2/2006 14:38

hello tuffbet,

and how about the peoplesoft takeover by oracle? didn't oracle already have their own kit for the sector? does that mean the high hopes for vbt's tie in can now be forgotten about?

apologies for all the questions.

[tuffbet] 09/2/2006 14:28

"why the share drop? disappointment at placing price?'

yes I think so plus the fact that there has been little in the way of news flow - Vebnet keep their cards fairly close to their corporate chest.

I see there has been a little price action today which may just be catching up on the market because in relative terms it has underperformed massively over the last 3 months.

[rambutan2] 07/2/2006 11:12

why the share drop? disappointment at placing price?

[tuffbet] 11/1/2006 16:52

serotine


agree with waht you say about the problems of dealing -I think it's something the company should have addressed before now - maybe they have and been unsuccessful -I suspect though they have not been too bothered about it up till now. However the fact that the director placing had to be done at 150p might make them think again- it would be nice to see some reference in future comments from the company to acknowledge the problem and let shareholdes know what if anything is being done.

[serotine] 11/1/2006 13:12

Hi Tuffbet & Wjcc, thanks for taking the trouble to explain and I can see your logic. I liked their last report and they seem to have a good growth strategy in place i.e. other large companies securing business for them albeit at a lower price per head and some expansion into Europe. Was thinking that 160p could be near the 'bottom' so will keep a close eye on it - the small NMS (500) makes it tough to deal in though...Cheers

[tuffbet] 10/1/2006 18:28

Serotin

sorry for my last post which I have just looked at - for some reason it's all missing apart from the last sentence.

I agree with WJCCGHCC's arithmetic .Technically the secondary placing shouldn't affect the price but the level it is done at and the perceived reason does of course have an unquantifiable effect. In this case because it was the CEO who was selling some at approx 13% under the market price it is more negative than positive so it's not surprising the shares slipped back a bit.

Am a bit surprised the share price has not done better in 2004 in relative terms but I know the Sector they are in fairly well and can't see why there should be any cause for unease- I fully expect the progress to continue and eventually the share price should reflect that growth.

Warren Buffett ,who is not bad at this game ignores the day to day share price movements and only looks at the market to see if someone has done something silly he can then take advantage of. I try very hard to follow that dictum and my very personal view is that the recent slide in the price is getting close to the level where I am beginning to think I might take advantage of the lower price but I might be greedy and wait just a bit longer yet

[wjccghcc] 03/1/2006 14:21

No serotin. Most of the placing was secondary (i.e. existing shares). New shares issued were 695k but in return they received 1.04mm cash. With 9.13mm shares in issue at 170p mid, technically the share price should drop 695*(1.7-1.5)/(9130+695) = 1.4 pence. Of course, it never really works that way cos with a company this size, the share price is influenced mainly by supply and demand and the fact that MM's don't want to hold any stock on their books.

[tuffbet] 23/12/2005 16:25

I am not giving advice only an opinion.

[serotine] 22/12/2005 14:14

Hello All, I am fairly new to investing and have a query on the effect of a share placing on the share price. The share in question is Vebnet Holding (VBT) (apologies in advance to NT as it is AIM and < 25 million..). The placing comes into effect on 3rd January and will the share price fall as the shares become available on the 3rd or does the present share price reflect this? I presume that if the share stock is increased by 10% then the share price should fall by 10% so that the market capitilisation remains the same....Any advice would be appreciated. Thanks....C

[tuffbet] 28/9/2005 15:37

Click here for major exhibition/Conference coming up - this will give you some idea how big this market is.......


Go to Conference & Masterclass Programme option on left and then click on the link further down that page to get a full list of all the talks and subjects.


Sessions M4 and M2 look as if they will be based on Vebnet Technology and there may be several more -- Vebnet will be there

[wjccghcc] 24/9/2005 13:30

They have branched out into Ireland and Portugal (I think), mainly via KPMG. This year's project is to produce a new version which is multi-lingual / currency etc.. so they can push into Europe.

[napoleon 14th] 24/9/2005 10:46

Looks nice, but their product is restricted to the UK, or do they have versions adapted to o/seas markets?

[tuffbet] 19/9/2005 17:23

only real difficulty with VBT making progress in share price trems ie the price keeping up with events at the company is the lack of free float in the shares ie they are not easy to get in any size so it won't be easy for any of the institutions who want to get on board .
The only way I can see that happening is for some of the existing directors to relaese some of their stock or for the MM to try shaking out private share holders - problem is I don't think there are that many so the latter route probably wouldn't achieve the desired result .

Will be interesting to see how this problem is solved although I think one of the early VC shareholders may be willing to pass on their share to the institutional market thereby opening things up.

Anyone got any different ideas?

[wjccghcc] 19/9/2005 15:51

Yup. Agreed. And the PRU licenses should start kicking in around then as well.

[tuffbet] 19/9/2005 15:32

Another good set of results showing steady progression.

Seymour Pierce have produced a new piece of post results research which can be read by going to the Vebnet selecting the Investors section, clicking on Analysts Coverage and downloading the latest research PDF

"Storming ahead "is the heading on the Vebnet research and I think that sums thinks up very nicely at this stage - my guess is the initial profit,while very good news, will look small beer by this time next year and I suspect Seymour will once again be playing catch-up with their forecasts.

[tuffbet] 05/8/2005 17:43

dougdig

Nice and quiet on here isn't it?

Its a bit like switching from Radio 1 to Classic FM when you leave some of the busy BBs and come on here . I like the fact that there is very little action in the share price so you get the chance to buy some shares on the occassional bad day.

The Pensions market is about to be revolutionized in April when A-Day arrives (been described as the biggest change in the pension rules in more than 50 years ,which I think is an understatement) and I think Vebnet with their emphasis on technology are going to be major beneficiaries of these changes .

The papers are going to be full of pensions chat between now and A-Day so its going to be great exposure for the sector and perhaps some media platform work for Vebnet

If you don't know anything about A-Day type it into Google -maybe add the word Pension and see what you get

[dougdig] 29/7/2005 14:27

Nice little nudge up today - looking forward to good news in September!

[tuffbet] 24/6/2005 16:38

Over the past 2 weeks the share price of VBT has performed very well ,so doubtless there will be those who are tempted to sell and take a profit .

Years ago ,largely because of inexperience and an inability to separate share price movement from corporate performance I was not good at making the buy/hold decision so I cast around ie read widely to benefit from the wisdom of others ,cleverer,more experienced ,or both . In this respect someone whose words almost always impress me is Martin Barnes of "The Bank Credit Analyst" .

He once warned that an increased focus on the short term had become one of the scourges of modern life ( you see it nowadays even in sport once seen as a way of relaxing ) and he cautioned investors to keep a look out for companies who are obsessed with propping up near term earnings as opposed to making the best long term strategic decisions .

One of the reasons I believe investors will find that VBT turns out to be a much better investment than average can be found in it's shareholder list . The big players in VBT at this point in time are not the large aggressive institutions ,interested only in making a quick buck ,nor as far as I am aware do they have the likes of the large Merchant Bank Corporate departments urging them to make expensive earnings reducing acquisitions . The shares are tightly held and the pace of progress appears to be firmly under the control of the management and the directors - thats a big positive but not one you can quantify in accountancy terms so its not priced into a share value as it should be.(good news for current investors)

A look at VBT's share price graph will demonstrate that marking the share price down from time to time has shaken out some of the more price sensitive holders and as I said above years ago I would probably have been one of those looking back with reget . As it might just be of benefit to others in the same way as it has been so often for me I have quoted below what Martin had to say about investing for the long term - it might not be new but I have found it worth rereading whenever the urge to sell good quality shares takes hold

" Patience is a virtue when investing because even the best ideas sometimes take a while to play out . By all means abandon ship when fundamental conditions deteriorate . However if you are confident that you have purchased a good company then don't despair just because the price does not rise right away - as long as the fundamentals remain positive "

[wjccghcc] 24/6/2005 12:50

Agreed. Added some this morning.

[tuffbet] 24/6/2005 12:44

Typical

I go on holiday - when the share price is around 165p -stick to my resolve to relax which means no British newspapers or TV and what does Vebnet do - takes the opportunity to sneak in some of the good news I have been expecting - back this morning to find the shares standing at 245 offer !

Will now take some time to re read the news items but won't get too excited because as far as I am concerned (and you will see I have been consistent on this ) VBT still languishes as an undiscovered gem . The Pru link is nice to see but what has always attracted me as a shareholder is still there in great abundance ie the huge potential market they are growing into .

My view is that the stockmarket isn't the perfect pricing machine some believe it to be especially for stocks of this type ie misunderstood or simply overlooked companies. Its pretty well perfect for pricing the larger and well known companies but you can't price anything you know little about . Today's price simply reflects the range achieved between the few individual investors and smallish institutions who know something about this company and therefore want to buy the shares and the founders who know what they are on to and have never been in any hurry to sell.

Because the company is just starting to grow and not yet reached its main growth phase the supply /demand balance is likely ,IMHO to make it difficult to pick up stock so there might be some pressure on directors to release some more .

This company has the potential to be huge in the financial market place I wouldn't be silly enough to make any price predictions but I believe we are only at ground floor level at this point .

[arnoldlane] 24/6/2005 07:39

Great statement!!! 300p here we come!!!

RNS Number:9935N
Vebnet Holdings PLC
24 June 2005


VEBNET (HOLDINGS) PLC

PRE-FULL YEAR CLOSE TRADING UPDATE

Continuing strong growth

Vebnet, the AIM-traded UK market leader in employee benefit technology solutions, announces that the strong trading trend reported in the Interim Announcement of 18 February 2005 has continued through the second half of the year, which ends on 30 June 2005.

Unaudited turnover for the ten months to 30 April 2005 increased by 206% against the comparable period of the prior year, and like-for-like EBITDA has now moved to positive from a negative position for the comparable period of the prior year. Net cash balances at 30 April 2005 stood at #0.9m, which compares with #1.0m at 30 April 2004.

Since the half-year end, Vebnet has:

*signed an agreement with Prudential UK, which manages more than 4,000
occupational pension schemes, to build the Pru@Work system, an innovative
employee benefit solution for the corporate market, based on Vebnet's core
FIX&FLEX technology. IBM will host the system;
*successfully implemented programs for Heineken, Jacobs Babtie,
Nationwide Building Society (Total Remuneration Statements), Capital
Group International, Gleeds and KPMG;
*added new clients directly, including Britannia Building Society
and Sony BMG;
*added other major new clients through partners: AOL and
Computershare (both through KPMG) and Schroders (through Watson
Wyatt).

The Board anticipates that the increased turnover and very significantly reduced trading losses for the year to 30 June 2005 will be materially better than market expectations. The Board also expects Vebnet to continue its record of progress in the coming financial year, based on a strengthening sales base and implementation pipeline.

Vebnet proposes to make its preliminary announcement of results for the year to 30 June 2005 in September 2005.

NOTES FOR EDITORS:

Vebnet's business is to develop and implement internet-based technology
solutions and services to support the provision of flexible employee
benefit schemes and Total Remuneration Statements. Vebnet distributes
its technology both on a direct basis and through partnerships,
including those with Aon, KPMG, and Watson Wyatt.

Vebnet, which is based in Edinburgh, was founded less than five years ago, in
July 2000, through seed funding from Cross Atlantic Capital Partners, a US
venture capitalist, and floated on AIM in January 2003 through the reverse
take-over of Stockbourne plc.


ENQUIRIES:

Vebnet
Gerry O'Neill (CEO) 0131-270 5502;
07990-584 096;
[e-mail]
Stephen Thurlow (Finance Director) 0131-270 5503;
07899-912 522;
[e-mail]
Seymour Pierce (NOMAD and broker)

Jonathan Wright 020-7107 8000;
[e-mail]

Bankside Consultants (PR)

Charles Ponsonby 020-7367 8851;
[e-mail]





This information is provided by RNS
The company news service from the London Stock Exchange

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