Venture Life Share Chat (VLG)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Venture Life	LSE:VLG	London	Ordinary Share	GB00BFPM8908	ORD 0.3P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	46.00p	45.00p	47.00p	46.00p	46.00p	46.00p	0	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Health Care Equipment & Services	16.1	0.1	-1.0	-	38.51

Venture Life Share Discussion Threads

Showing 23776 to 23799 of 23800 messages

Chat Pages: 952 951 950 949 948 947 946 945 944 943 942 941 Older

Date	Subject	Author	Discuss
21/1/2019 00:47	I read somewhere hat FCA was investigating Barlcays and HSBC about the CAKE affair and their administration of the banking of CAKE . I take that to mean that for some reason the Bank audit letters may have missed off the overdraft accounts for - as I cannot see that any audit can be signed off without an audit letter written direct to the auditors to confirm bank balances and therefore why the suditors never presumably picked up the overdrafts.	felix99	Read Full Thread Reply
20/1/2019 16:55	Quite like SFOR - Martin Sorrells new venture S4 Capital Will keep an eye on it and pick up its story as it slowly unfolds.	thelongandtheshortandthetall	Read Full Thread Reply
20/1/2019 11:37	The CAKE affair is totally obscene. It simply shows the checks and balances are inadequate for task. Heads should roll yes. But who's head and where could/should it end. If you really opened up all the cans of worms sitting within every industry and within every human transaction, interaction or decision. If lies and untruths glowed red above our heads it'd be a new world. philosophical Sunday :) Dismayed from Disneyland.	thelongandtheshortandthetall	Read Full Thread Reply
20/1/2019 10:33	In most any accountancy firm, the audit grunt work is done by juniors, not long out of uni.They'll be 'overseen' by a senior.The company does not want to pay the costs for senior accountants to do the donkey work, any more than the senior accountants want to do it.There is a complete conflict of interests in the current arrangements & for too easy for company management to get too cosy with auditors and ensure accounts report what they want.Only way it will change is if Auditors face far, far bigger penalties for poor auditing .. such that the partners drawings are significantly impacted	mattjos	Read Full Thread Reply
20/1/2019 10:31	Had a quick look at vegan cakes (essentially egg-free) on the Web and there are loads of entries. Looks like a good artisan movement, not the best launching pad for an AIM growth company. apad	apad	Read Full Thread Reply
20/1/2019 10:25	hb Agreed. Totally impersonal, poor service and average quality offering. red	redartbmud	Read Full Thread Reply
20/1/2019 10:21	APAD, I think that's right about one observation but with hindsight what you and red saw was perhaps evidence of poor management oversight. Actually the CAKE shop in Bristol always seemed busy but I was never that convinced it was anything special. It had/has a chain feel that lacked all of the charm that the original Soho store had which makes it uninspiring and overpriced for the experience.	homebrewruss	Read Full Thread Reply
20/1/2019 10:14	"company accounts must be impossible to police against fraud" Technology has advanced so far that it should be possible to identify a significant volume of rogue transactions. Auditors rely on testing systems and sampling, based on statistical analysis techniques. Looks like that failed:-( red	redartbmud	Read Full Thread Reply
20/1/2019 10:08	I remember, red. Reminiscing about Solihull et al. I guess the lesson is not to get too carried away by one observation. I still reckon 'don't buy a cake shop' is not a bad rule. I read an article about a vegetarian cake shop chain shares recently - seems the cakes have a two day life (one in the shop and one with the customer) - it seems that if cakes are not sold by the end of the day they are chucked! apad🤔	apad	Read Full Thread Reply
20/1/2019 10:00	Funny old things, accounts. I noticed that my spreadsheet folded the dealing charges into the capital gains calcs and also set them as an expense against divi income. Both seem logical decisions to me. I suppose that in the UK where they tax gains and income they wouldn't allow this. Perhaps it makes more sense in Jersey where they don't tax gains. However, I have no idea what rules Jersey uses and don't pay an accountant to act as a surrogate government department - so I shall carry on using my spreadsheet until the States tells me I am doing it all wrong. Reinforces my view that accounts are triksy things at the simplest level, so complex company accounts must be impossible to police against fraud. It is what accounts purport to represent that, if they fail, exposes fraud. I bet there are lots of frauds and errors that never see the light. apad😊 ps Interesting the terminology is 'capital gains' or 'capital gains(losses)'. Should be 'capital change' I think I will adopt that in my spreadsheets. pps Three day w'end in yoodleland, so there will be nobody telling us what to do on Monday.	apad	Read Full Thread Reply
20/1/2019 09:43	APAD I made similar comments about the outlet that I regularly pass, in the local town centre. Tumbleweeds rolling around, where there should have been customers, even at peak times. red	redartbmud	Read Full Thread Reply
20/1/2019 09:37	My mate used to walk past a CAKE shop in London close to the station, so he bought the shares and told me how busy the shop was and how good the cakes were. I went into Druckers (owned by CAKE), my Mam's old stamping ground, and was appalled at the service and how empty the shop was, so mentioned it to my pal. He never sold the shares. FWIW apad	apad	Read Full Thread Reply
20/1/2019 09:29	hb I do agree. Cake was being punted, and 'ramped' quite extensively for a long period. I looked at the available information, and made a value judgement that I "would not touch it with a bargepole". I did post that it was certainly not for me, at that time. That was a long tome before the fraud unraveled. The rescue rights issue is a big leap of faith, with precious little time given to assess the data and make a decision. Personally, I very much doubt that I would have been prepared to throw good money after bad, had I been an investor. My main point is that the 'light touch' regulatory frame work, that began under the Blair government was never fit for purpose. On the other hand, the size 14 boot regulations currently applied to certain business sectors. in the guise of competition, is destroying companies, and industries, in the UK. before our very eyes. red red	redartbmud	Read Full Thread Reply
20/1/2019 09:09	Red, Yes but at that point surely you had to take any of the financial information available with a huge pinch of salt. That said I'm not sure what holding Mumford had before but presumably they already had a substantial holding and had to weigh up whether to try and keep the company afloat or not in a very short space of time.	homebrewruss	Read Full Thread Reply
20/1/2019 09:05	hb Mumford is a professional and as such should have had more insight into the financial data issued by the company. I assume that he, or his minions, had more 'one to one' access to management at meetings, held in the city, for the large institutions. The little guys do not have such luxuries and therefore have to rely on third party information provided by auditors and advisors. I feel for them, not for the Mumford's of this world. red	redartbmud	Read Full Thread Reply
20/1/2019 08:47	Mumford felt 'misled'? Surely he only has himself to blame, talk about high risk!	homebrewruss	Read Full Thread Reply
20/1/2019 08:38	Cake is a very interesting case study. Reading the article, I find it staggering that the perpetrators of the fraud could have carried out the plan for such an extended period and involving so many 'transaction' entries that were baseless and without substance. All share investments come with a warning, but the regulatory system has failed catastrophically in this instance. Very long prison sentences should follow and severe financial penalties issued to certain organizations. Mumford, manager of the £66.4 million Cavendish AIM fund, said he felt 'misled', having invested in 'good faith' a further £100,000 in the company in November as part of its deeply discounted £15 million rescue rights issue. Before the shares were suspended in October last year, they had traded at 429p. Mumford's holding in the company prior to the suspension accounted for 1.6% of his fund:- ‘It looks like the fraud has been going on for years,' said Mumford. ‘It’s interesting when you see these thousands of entries being covered up you wonder, what was going on? The balance sheet can’t have just gone from net cash to net debt just like that. ‘These substantial losses must have been going on for years, not picked up on. The auditors [Grant Thornton] should have spotted it.’ Patisserie has called in KPMG to review its options to recover from the ‘devastating effects of the fraud’, while RSM has been appointed auditor. Lee Ginsberg, a non-executive director and deputy chairman at Patisserie, resigned today following the news, the latest in a slew of executive exits from the business over the past few months. In yesterday’s announcement, Patisserie said it had appointed a new chief executive to replace Paul May, who resigned in November. It has also hired an interim chief financial officer, after Chris Marsh was suspended, arrested and then left the business in October. A new commercial director and production director were also taken on, as well as other management appointments. The Financial Reporting Council (FRC) is investigating Grant Thornton for its auditing. The FRC is also investigating the ‘preparation and approval’ of Patisserie’s financial statements and other financial information provided by Marsh. red	redartbmud	Read Full Thread Reply
19/1/2019 01:44	Sometimes interesting to read what fund managers think about their portfolio's performance at review time. I was searching the web and found a reference to ZOO so followed the link: Https://quoteddata.com/2019/01/minute-reversal-leaves-independent-negative-territory/ A few companies we have discussed here are included, or were, in the "Independent Investment Trust : IIT" portfolio. Blue Prism Group : PRSM Seeing Machines Ltd : SEE Zoo Digital Group : ZOO Frontier Developments : FDEV Gym Group (The) : GYM QUIZ : QUIZ Fevertree Drinks : FEVR Ashtead Group : AHT NAHL Group : NAH Interesting to see FEVR appears to be the top holding. Https://quoteddata.com/company/e0gbr01q34/ Re: ZOO - It is stated: ...... while Zoo Digital was temporarily hurt by a reorganization at an important client. Both companies still appear to have considerable potential. Some comments on Brexit, the housing market and retailers are included. Old list of holdings: Https://bglivemedia.blob.core.windows.net/microsites/2712/20190102093822_iit_valuation_311018.pdf	lauders	Read Full Thread Reply
18/1/2019 10:48	"Consistency is the Hobgoblin of Small Minds" apad 😇😇😇😇8519;😇ԅ19;😇😇;😇😇😇😇28519;😇€519;😇㈳9;	apad	Read Full Thread Reply
18/1/2019 10:47	"Consistency is the Refuge of the Unimaginative" apad 😇	apad	Read Full Thread Reply
18/1/2019 10:35	Get some of this super cheap stock before she runs higher ... Futura Medical (FUM) =Market cap 20 million /Cash 10.5 million / Potency Drug with 2 BILLION Market potential /CSD500 Condom approved in Europe and many Countries outside of Europa + more Approvals & Licensing deals coming / TPR100 (Topical Gel for Pain ) first approval expected next Quarter = POTENTIAL 10++ BAGGER GEM Futura Medical featured in Growth Company Investor recommendations 08 January 2019 CEO James Barder describes Futura as a medtech rather than biotech business. Its proprietary technology is DermaSys which delivers drugs rapidly through the skin and into the blood system. The lead product is MED2005 which is a topical gel for erectile dysfunction. The main advantage over Viagra is that it takes effect within five minutes, compared with over an hour for the famous blue pills. Which ensures key ingredients of spontaneity and mood can be retained while the treatment works. Research suggests a 20% market share could be possible, equating to sales of $560m in major western markets. In time an OTC version could more than double this.	bioking	Read Full Thread Reply
18/1/2019 10:31	Me tooooooo APAD. I don't think that you can apply a fixed formula to any trading scenario. There are too many variables. Obviously the aim is to make a profit, it is just the size that matters. red:-)	redartbmud	Read Full Thread Reply
18/1/2019 10:28	I'm just sooo inconsistent though, red. apad😊	apad	Read Full Thread Reply
18/1/2019 10:04	I always screw up the timing, when selling my trading stock. At the time that I buy, I have a couple of targets in mind. I make a judgement call as they are hit. Sometimes I go for the first one, depending on market conditions at the time. A while back I would have set 5% as the first target, but markets have been so unpredictable, I have accepted c3%, or even less, on some trades. I have taken c1% on a few Rsw and Spx trades in very volatile markets, sometimes as a day trade. Having the cash on hand has been a big factor in my strategy. Just a few thoughts. Do what you think is best should be the motto. red	redartbmud	Read Full Thread Reply

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