Venture Life Share Discussion Threads

[apad] 27/3/2018 16:23

RBS bailed you out, Dave.
apad😊

[redartbmud] 27/3/2018 16:11

General point.
There ave been a few director sales of quite large numbers of shares, by value, in the last month or so.
They are still maintaining large holdings, but gave taken £m or high £000k's off the table.
It is approaching the end of the fiscal year, but I wouldn't blame them for some prudent pruning, especially if they believe that the market in general is toppy.
In the longer term, the growth will be there, but so is the uncertainty for the present time.

red

[apad] 27/3/2018 15:46

He had 17.5million, att.
apad

[mfhmfh] 27/3/2018 14:37

Solid buy from commercial director

[attrader] 27/3/2018 13:43

2m shares sold by DOTD Director .. does not sound well after recent acquisition ..

[discodave4] 27/3/2018 13:40

APADIf I recall I told you numerous times that you really wanted to be FREE, but you scoffed! :)The future was always going to hinge on RBS, pity the share price had drifted down so much, the 120 isn't an 80% gain for me unfortunately!.Nice one on BVXP though APAD.DD

[apad] 27/3/2018 13:18

I looked at FREE too, H. Even phoned them as a potential customer. Noted an error in their Annual Report.

My son used to work for RBS in IT and is very critical of their competences and structures.

Halma director has bought a few shares.

DOTD: BTFD opportunity has passed. It's clambered back onto its familiar step on the Stairway.

Volatility-means-doom folks are getting lots of data.

apad😊

[hydrus] 27/3/2018 11:45

RBS bid for FREE - big premium. Looked at it some time ago but seemed very expensive last year - had fallen a lot since then though.

[apad] 27/3/2018 10:25

Logically, TRAK should've gone down in sympathy with the QTX news - it has gone up, of course.
apad😊

[apad] 27/3/2018 08:04

4.1% yield on QTX at the opening dip.
apad😊

[apad] 27/3/2018 07:53

I might well have done something similar, H.
However, QTX is 1.3% of my portfolio and yields 4.5% for me, so I am content to watch the story develop.
My key metric is the 'stickiness' of its fleet revenue as a measure of the value QTX's software adds to a company's back office. It seems that the insurance market is relatively short term because it is aimed at young drivers - who get older and safer.
Companies that are going all out for revenue, TRAK perhaps, will suffer from the market conditions described in the QTX rns.
I doubt that the market will like this rns very much, however!

A good Maynard Paton article on BVXP.
My own view is that, although it is a great, and very unusual, company the US market will take much longer to crack than we would hope.
However, we just don't know what potential the interesting antibodies that are being experimented with might have. They are not 'science for its own sake' folks or managerial types, so it is a fascinating company to own.


apad

[hydrus] 27/3/2018 07:28

Yes APAD. I took the decision a month ago after the results to exit QTX. My conclusion was very good management but an inherently difficult sector/market meant that opportunities for significant growth would be limited in the near term. This coupled with a sky high PE ratio meant it wasn't a compelling investment. Today's news supports my view to some degree albeit they are making as good a fist of it as possible it seems.

[apad] 27/3/2018 07:15

QTX trumpets its fleet successes in France and the US.

Then says its insurance business will decline faster because it is still not competing for zero profit business.

It's a 'revenue' warning.

apad😊

[lauders] 26/3/2018 23:36

Irritated by the 20 Jul payment date for the divi. Compare with BVXP's 20 April.

BVXP have to be one of the best companies as far as the speed of dividend payments go? Another reason to hold them!

[redartbmud] 26/3/2018 20:44

Can't get the cash in:-( just hope that the customer doesn't go bust before he pays!!

I suspect that the options will continue to be granted and sales will take place fairly regularly. Just the name of the game.

yoodles have a touch of the sun. +600 points.

red

[apad] 26/3/2018 18:08

For the record PTSG's Teasdale & Foley have about 20% of the company each, after the Jan sale.

Irritated by the 20 Jul payment date for the divi. Compare with BVXP's 20 April.

Builders!

apad😡

[redartbmud] 26/3/2018 14:23

APAD

FWIW I am continuing to hold. Let us see how the next set of results pan out.
They are continuing to win orders and parts of the business are in sectors which are on topic for the foreseeable future.
The management has a lot of experience in business expansion, but as you say, their personal rewards will be very high up on the agenda.
I hope that, as they win more contracts, they can:
1. Price them properly to make good returns.
2. Find good bolt on businesses to acquire at the right price.
3. Recruit staff that have the requisite skills for the job, and hit the ground running. Each direct operative should earn a minimum amount of revenue per annum for the business. They should be able to increase prices, even if it is marginal, giving greater returns per direct employee.
4. Vehicle purchase/lease and running costs can be expensive. they have to manage working capital and finance costs.
5. As yet they have not seen the benefits come through, in the figures, for increased volumes. More numbers should mean that fixed overheads are recovered against higher income, which means more profit.

Simples.

red






They will need to manage working capital efficiently.

[apad] 26/3/2018 14:02

ps
red, I haven't divined anything in your delving to deflect me from this view.

[apad] 26/3/2018 13:46

PTSG

I had decided that it had to grow on its own - enough book cost from me.

The opaque, and as I have learned from red, algorithmic nature of the adjustments is of no interest to me because they are expanding and acquisitive. If they were running to stand still I would be a scaredy cat.

I assume they are jack-the-lad operators in a jack-the-lad business sector. Which is better than being Carillion, managerial types in a jack-the-lad industry.

I assume they will feather their own nest - I don't care as long as they feather mine too.

They have routine activities and high cost activities, such as built in systems for developers.

They have made a big bet on a specific niche at exactly the right time.

I don't expect their margins to improve as they get bigger (as does red).

I am going to reinstate revenue per employee to my top down approach.

As long as their personal shareholdings are large I shall be relatively comfortable.

I have seen their vehicles and like the branding.

I do not see this company as a forever holding, but I do not see how this management can fail to be successful in a sector that is on the roll.

FWIW!

apad

[redartbmud] 26/3/2018 13:21

APAD

Accountancy is't always dull and boring,,,,ZZZZZZZZ

red

[redartbmud] 26/3/2018 13:04

mod
Yes, but at 8.00 am I was on the way to a medical appointment.
NHS is 24/7 now:-)

red

[apad] 26/3/2018 13:02

FFX results about 24 April. Currently planning to put income there, prior to results.
apad😎

[modform] 26/3/2018 13:00

Red, you could have bought BVXP this morning after reading the results and paid just a few percent premium.Good detective works red on PTSG

[apad] 26/3/2018 12:55

Excellent story, red.

A proper Gaffer Dazzler.

apad😊