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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vers. Sys. Di | VVS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.75 | 2.75 |
| Top Posts |
|---|
Posted at 24/4/2007 10:57 by roodboy what is 'RRSP money' ?i notice that VVS released a trading statement around this time last year - perhaps one is in the pipeline at the moment ... |
Posted at 19/4/2007 10:05 by roodboy unforunately there is no liquidity in the AIM market for VVS - trading is virtually nonexistent i guess we need a tip sheet or something to pick up on the story to get some press exposure |
Posted at 16/4/2007 19:27 by roodboy Analysts comments - with thanks to 'greenVV' on Stockhouse:Versatile Listing on AIM today/£1.5m (net of expenses) raised for the future development of the company Versatile will commence trading on AIM this morning, April 16th, having raised £1.5m (net of expenses etc) through the placing of 7.2m shares (6.2% of the enlarged share capital of the Group) at 29p per share. No existing shareholders sold any shares in the placing. The net proceeds of this placing will be used to refinance certain of the Group's borrowings and to provide working capital for future organic growth. Following admission to AIM, Versatile will have a market capitalisation of £33.9m at the placing price. Versatile's AIM ticker is VVS LN. In relation to current trading and prospects, the Group said in its AIM admission documentation that trading since 31 December 2006 has been in line with management's expectations. Versatile management remain confident about the Group's prospects for the remainder of FY2007 due to strong repeat business from its existing customer base and the growing pipeline of the Group's new products. Versatile is expected to release Q3 FY2007 results (to the end of March 2007) in early May. Versatile's core business (the Mobile and IT Solutions & Services business) has performed well in the current fiscal year. It has announced a number of deals including: * a new five-year seven figure contract to deploy one of the world's largest wireless local area networks at Ohio State University; * completing a significant Cisco upgrade for Essent Kabelcom, the second largest cable company in the Netherlands. Overall in H1 FY2007 revenue from cable companies contributed 14% of H1 FY2007 revenue (US$4m), a significant increase on the US$4.5m generated in all of FY2006; * completing US$2.8m of contracts for mobile solutions for 30 new customers and also receiving orders for an additional US$1m from four of them to be recognized in Q4 FY2007; and * generating revenue in excess of US$1.6m from customers in the pharmaceutical sector. Versatile is benefiting from increased compliance requirements in the healthcare sector. Following a solid H1 FY2007 performance from its core business, its seasonally weakest period, the Group remains on track to meet our FY2007 estimates. We expect revenues from its new initiatives, in particular its high margin kiosk business to account for a larger proportion of revenues in H2 FY2007. There have been a number of announcements this year from Versatile in relation to take-up of its kiosks by furniture retailers. The formalisation of its relationship with GE Money in January 2007 further increases our confidence in our kiosk forecasts. Having access to the extensive retail client base of large financial institutions such as GE Money will significantly increase the potential market for Versatile's kiosks and the speed of rollout. We expect increased sales and marketing focus on SyncSeer by Versatile's partner Tyco Electronics following the spin off of this unit from Tyco later this year. Our valuation of Versatile (DCF and peer group analysis) suggests that the company is significantly undervalued at current levels. We re-iterate our Buy rating and CAN$1.30 (58p) target price. We view the current weakness in Versatile's share price as a buying opportunity and expect ongoing positive newsflow in relation to its core business and the rollout of its new proprietary software solutions in the US to provide the catalyst for significant share price upside. " |
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