Verdant Share Discussion Threads

[pacman88] 12/12/2001 22:30

this is a recovery play. recorvery takes time. ;-)

[alsfar] 11/12/2001 11:24

Seems the Daily Mail yesterday, in the Business Briefs Column, said...

"...VIRTUAL INTERNET, which has up to 78 pence a share cash, leapt 11 1/2 pence to 35 pence on a possible bid approach..."

Up to 78p/share cash????? A little optimistic, surely?

[highstreetmike] 11/12/2001 08:10

The apparent demise of NetBenefit shows how tough the hosting/domain name business has been. VET with their remaining cash pile and promised imminent break even stand out as a buy in this market IMHO

[lovegod] 11/12/2001 07:15

Gadge came in yesterday, could explain the spread widening.

[chadders] 10/12/2001 18:47

alsfar, CashisKing

I sold my PIC shares a fortnight to get into this one. Have held in the past and done quite well, it is a solid recovery play IMO. Still relatively low volumes being traded but now a 5 point spread. Do any of you guys think this is significant?

[cashisking] 10/12/2001 17:13

Alsfar - I got in at 24.48p, so not far behind you! I bought in because they have cash and many of their competitors do not. Either way, as an acquirer (with management team and infrastructure) or as a target (with cash and customers) VET will do well. To buy in at these levels and to be showing a paper profit almost makes me beleive in you know who.....

[alsfar] 10/12/2001 16:01

CashisKing - Yes, I got in at 24p. I always saw this as a recovery play. A takeover is a short term bonus, but that was not why I got on board. Figures for quarter to 31stOct (Year end) should be out early Jan 2002. I'm looking for an upbeat statement for current quarter cash-burn and future profitability. Takeover or not, I see this as a good situation.

[cashisking] 10/12/2001 15:53

well said alsfar, you hanging on in there?

[alsfar] 10/12/2001 15:43

But then your record ain't that good, so who cares?

[aggressive saver] 10/12/2001 15:34

GTL races Virtual Internet. My bets are placed on GTL as tech/internet stocks are back out of favour again.

[aggressive saver] 10/12/2001 14:57

I sold 3,100 shares of my 6,200, as I cannot see any further uprise for a while. I am thinking about selling the rest to buy GTL Resources @11.5p. I am now trading cheap for £8.95 as I have done over 32 trades since October the 9th with Etrade.

[manfromsony] 10/12/2001 14:48

Lovegod...still no wiser, so not Enuff said. Must be showing my age!

[lovegod] 10/12/2001 14:16

Gadge is 26 stone of ageing Rockstar, Nuff said !

[manfromsony] 10/12/2001 14:12

Lovegod... What will make the press stand up thus pushing the share price north? Plus who is Gadge? Can you develop your last postering please!

Cheers

ManfromSony

[lovegod] 10/12/2001 13:55

Gadge just phoned, came into the market this morning so get ready for a price move when the Press get hold of this!

[alsfar] 10/12/2001 11:57

Takeover interest seems somewhat limited today. I find that a bit surprising, but it may be that the information released so far is insufficient to convince that anything will actually come of it. Some have decided to take profits and move on. Fair enough. However, I think it is worth holding for a while yet. Next results should be early Jan 2002. Those could show that cash-burn is near complete. The company may be close to profitability. In that event £1/share should be attainable. I see this as a win/win situation for all holders who bought in recently.

[cashisking] 10/12/2001 09:30

Loads of mileage left in this one. Be patient because they have now clearly advertised for sale. I just hope we don't get a one horse race.

The true value of VET lies in the fact that they have seen it all and are approaching profitability. Catch 'em on the upswing.

[sharona1] 09/12/2001 12:22

IF as would appear, there is so much confidence in the company why would the major shareholder be even contemplating selling-out...unless it is a knock-out bid?There is more (or less) to this than meets the eye.Coincidence that AIH are having an EGM on Monday?

[chadders] 08/12/2001 10:17

Agressive Saver,

I believe Jason Drummond holds the key to this one not Chris Akers. Drummond holds the controlling interest at 53% of the equity. He has been buying at 45p, he turned down an offer of £8, according to the Guardian article (although this can be largely discarded), the shares have a 12 month high of around 120p and his 'baby' is going to be one of the first internet technology based companies to turn a profit. Why should he sell cheap? Early yesterday after the initial price rise the MMs marked the price down to catch all the faint hearted and it didn't really succeed and the price moved up aggressively in the afternoon. VET shares are relatively scarce - only 500K traded yesterday and it was a big news item! There is much more scope in this than the current consensus suggests IMHO.

This is not the normal scenario where the institutions would be happy to cut their losses, the negotiations will centre on an individual who believes in the company. What value VET when it reports it's first profit? I am sitting tight and remain confident. As always DYOR

[mero] 08/12/2001 08:59

From today's Guardian:

Virtual Internet approached


Virtual Internet shares jumped 50% to 35p after it confirmed that it had received an approach that may lead to a takeover.

The web hosting company was one of the early stars of the internet boom and is understood to have turned down an offer from BT worth more than £8 per share - £200m. Continued losses have led to a strategic review and majority shareholder Jason Drummond may be ready to sell a firm now valued at £5m.

[nobsey1] 08/12/2001 00:26

Is there a specific date scheduled for any announcement about takeover.

[aggressive saver] 08/12/2001 00:15

There is no need to worry now as a 21,000 buy just went through @22p.

[aggressive saver] 07/12/2001 18:36

Chris Ackers would not accept anything less than 50p per share, so I am confident this share will gradually climb again over next week.