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Share Name Share Symbol Market Type Share ISIN Share Description
Venture Life Group Plc 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
  -1.00 -1.5% 65.50 65.00 66.00 66.50 65.50 66.50 413,468 13:30:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 30.1 3.3 2.7 23.9 82

Venture Life Share Discussion Threads

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DateSubjectAuthorDiscuss
01/2/2021
13:11
Shanklin https://www.cenkos.com/research-portal#/portal/cenkos-securities sign up its free....am just off out sorry mate.... Looks like we have sellers abound, this could head lower until they start getting some M&A done.....really not sure why it is taking so long, unless they were not that far advanced on the placing? in which case I'll start erring towards daves view of management!!!
qs99
01/2/2021
13:09
Looks like it's going down to the 200 day moving average for a discussion.
simon gordon
01/2/2021
13:02
Mark Slater talking about his methodology the other day: Trustnet - 28/1/21 ...Slater, who seeks growth at an equitable price, is the son of renowned UK investor Jim Slater, who died in 2015 and coined the “Zulu Principle”, a strategy that combines growth, value, quality, and momentum factors. Using price-to-earnings growth as a measure, the strategy compares a company’s forecast price-to-earnings ratio with its forecast earnings-per-share growth rate, which is currently deployed as a screening mechanism in the fund. “We’re not interested in price-to-book,” said Slater, highlighting a three-pronged approach to screening stocks. “We want companies that are growing at a double-digit rate in earnings terms,” he said. “Secondly, [we consider whether you] can you buy that growth cheaply, and the third is profit conversion into cash. Hence price-to-cash flow is important as we want the cash flow per share to be in excess of earnings per share.” Slater explained those three screens eliminate 95 per cent of the UK market and would do something similar if applied to most markets. “Most companies are not growing,” said the manager. “Or if they are, they’re very expensive or they’re not generating cash.” A shortlist is collated which then requires further analysis into how reliable that growth rate is. “Then the work goes from being entirely quantitative to entirely qualitative,” he said. “Is there a tangible tailwind which his driving that growth? It’s why our businesses are quite niche; they’re doing one or two things but are doing them exceptionally well.” Https://www.trustnet.com/news/5253626/mark-slater-the-bell-has-been-rung-and-people-are-coming-back-to-the-uk
simon gordon
01/2/2021
12:35
QS99 Any idea how these Cenkos numbers have evolved please? Stockopedia are not completely reliable in terms of the numbers they provide... ...but currently show 2021 revenue of £39.2m, up from 2020 revenue of £30.2m, with 5.31p EPS in 2021 up from 4.35p EPS in 2020. Thank you, Martin
shanklin
01/2/2021
12:08
Just accessed the Cenkos note...doesn't make bad reading IMO and leaves plenty of room on the upside. 11% organic growth should be more than doable, GMs are slightly lower than this year leaving room to over deliver and zero deals baked in from what I can see. EV/EBITDA at c.10 for this year may look punchy, but all depends on the deals. I disagree with DD on the cash, high growth businesses just do eat a lot of cash up on development / working capital, but without doubt we should all keep an eye on it. Sellers are out, depressing SP, some big volumes tho, so hopefully IR team can match those with new buyers..... M&A and mouthwas/covid update required to produce a catalyst IMO DYOR
qs99
01/2/2021
12:05
dd45 I don't have an issue with the time taken to get acquisitions across the line. K3C had a placing for the same reason and IIRC it was many months before they started getting acquisitions across the line. Similarly SRC have done a placing for acquisitions but are yet to announce any. In the case of SRC, their corporate communication is spot on and I am as confident as one can be that the acquisitions will happen. No reason to doubt that VLG will deliver in due course.... ...then just give us the facts in an objective and complete manner.
shanklin
01/2/2021
11:38
Guys, sorry for slight rants but as Shanklin said: "Hopefully VLG management will be more honest going forward"That's my main issue here along with the way they went about the fund raise, the amount and the lack of progress with delivering an acquisition.Shareholders shouldn't "hope" that the people they have invested their hard earned money with will be "honest".All the best.
discodave45
01/2/2021
11:16
SimonThanks for the link, but not holding now.All this banter about their cash forecasts in relation to mk cap etc is complete nonsense. Again that's my point, they raised the money from shareholders, they are not generating any cash, the funds were also going to be used for working capital requirements (they've stated that) but as Rivaldo pointed out in their interims they mentioned that the "pace of growth" resulted in significant increases in working capital - but by Nov they needed to raise funds to use for working capital.They are not being straight IMO.
discodave45
01/2/2021
11:15
For the sake of clarity, I cannot see any issue with how VLG is trading currently as reported today and, in due course, acquisitions will no doubt be significantly earnings enhancing. I would just like to see RNSes written by a downbeat accounting eyeore, giving us the facts in as clear and objective a manner as possible, as opposed to pot-smoking marketing tigger, trying to make things sound far better than reality.
shanklin
01/2/2021
11:03
Take note. Using EBITDA numbers is a fudge. Furthermore, Stocko and Sharescope/pad shares in issue are out of date (and why I ditched both of these services). Anyone number crunching should use 125.8m shares in issue and not 84m which there were previously. There has been substantial historical dilution. edit - I'd expect ST to comment soon.
farnesbarnes
01/2/2021
11:03
Disco, If/when VLG do an acquisition Cenkos will update their forecast. As it stands today Cenkos forecast 14x ex-cash and net cash of £36.3m. When VLG do an acquisition they will update their p/e and cash forecast. If you follow this link you will find a way to access the Cenkos note published this morning: Https://www.venture-life.com/investor-relations/analysts/
simon gordon
01/2/2021
10:59
QS99, the new notes are on the Research Tree web site - subscription only of course. Incidentally, VLG referred to "the pace of growth" in the H1 results leading to significant increases in funds into working capital. We know that in H2 they were also transferring further products and investment into the Biokosmes factory, including setting up production of what should be extremely lucrative sales of Kelo-Cote. There may also have been an element of stockbuilding prior to the year end in case there were any Brexit-related problems. Cash outflows due to the growth of the business arent a bad problem to have. No doubt the prelims will have further detail.
rivaldo
01/2/2021
10:57
Ps I don't want to put my money into a business that taps me up for more dosh and then basically just sits on that money for 12 months.Have posted previously that IMO the fund raise shouldn't have happened on the off chance of an acquisition, it should have been because they are going to make an acquisition......but it wasn't just for that purpose was it, it was to provide working capital and to strengthen their BS, ergo they are not generating cash they are burning it at some rate.
discodave45
01/2/2021
10:49
SimonMy point is how are they going to be in a net cash position FY21 of £38.5m when they are burning nearly £1m/month and have, as they stated, going to use the funds raised (c £36m, probably net £34m after costs?) for acquisitions/working cap/strengthen BS?.It doesn't add up, if they can be in such a strong cash position by Dec 2021 then why the chuffing hell did they feel they needed to hand round the begging bowl?. Will repeat, they are currently burning cash.
discodave45
01/2/2021
10:49
DD, without doubt the management could have handled things slightly differently IMO, messaged their sales for instance slightly better, but if they continue delivering, as they have in 2020, then we will be a materially bigger business by the end of 2021, possibly with a decent yield as well, let's see. The areas I mention above, they need to deliver on, I'll judge them on those things for the time being. Where can you find the Cenkos note Riv please is it on the VLG web-site or behind a subscription firewall somewhere? Cheers QS99
qs99
01/2/2021
10:42
Disco, The Cenkos forecast is without acquisitions because none have happened to date. They are forecasting the figures as the business stands today. No doubt when VLG do an acquisition they will update the forecast.
simon gordon
01/2/2021
10:24
Am I missing something?They raised £36m in Nov.....for acquisitions. Their cash burn is currently about £1m/month.....how are they going to deliver acquisitions with raised funds and still generate c £36m cash?.
discodave45
01/2/2021
10:15
On the Cenkos note I've just noticed they have the cash forecast at £33.3m for 2020 and £36.3m for 2021. They've actually come in at £35.5m so maybe 2021 forecast should be more like £38.5m? They are scaled up and cashed up for the next stage of growth.
simon gordon
01/2/2021
10:10
Cheers. I'm confident that VLG will continue to grow. There should certainly be lots of news flow to keep things bubbling over the coming weeks and months.
rivaldo
01/2/2021
09:58
It's a free market.My choice and have sold up as don't trust the BOD, simples.Good luck to those holding.
discodave45
01/2/2021
09:56
They are burning cash at about £1m per month.
discodave45
01/2/2021
09:55
Cenkos have issued a note. Cash adjusted 14x 2021. 2021 year end cash £36.3m. They delivered on expectations. I don't see the big issue with raising cash, they are in the business to grow and business changes and opportunities arise. Being agile and flexible is a positive not a negative. Some China sales have moved into H1 2021 and they still met expectations. I'd judge them more on the next trading update, it's far too early in the year to throw mud at them. Slater going from 5% to 15% in the placing shows one of the best small cap investors in the London market having conviction in management, the business and future growth drivers.
simon gordon
01/2/2021
09:53
Agreed QS99. I'm happy to stay invested here for considerable upside. N+1 Singer this morning presently have a 114p fair value target here. Worth noting that they see a £35.5m cash pile at 31st December just gone - 32% of the current m/cap. They forecast 3.2p EPS for the current year, so if you strip out the cash that's a current year ex-cash P/E of around 18 or 19. And that EPS forecast includes a conservative reduction in terms of forecast Chinese sales balanced out by increasing growth in VLG's other core markets and products. When VLG eventually conclude any or all of their three mooted acquisitions, then the earnings-enhancing aspects will likely bring that P/E down substantially.
rivaldo
01/2/2021
09:49
Ps Forgot, their ex business partners and major shareholder appears to be well informed too!.....better informed than pi's anyway.
discodave45
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