Versatile Systems Share Discussion Threads

[therivetman] 18/5/2007 16:40

Looks like a bottom has been reached in the weakness, with financials due out, I'm buying

[therivetman] 17/5/2007 22:03

it fizzled

[therivetman] 14/5/2007 17:51

Major rebound occuring over here...might be the bottom has been reached...good luck....

[roodboy] 14/5/2007 17:43

MMs messing around with the spread etc - hardly any trading really - the share price here is basically controlled by Canada

basically I will wait for the forthcoming trading update and bail out if it is not as good as I hope it to be

[therivetman] 08/5/2007 13:11

This stock seems to be sinking ever lower....

[therivetman] 30/4/2007 03:13

RRSP is a tax shelter for retirement...I started with 70,000 and have managed to trade it down to 60,000

[roodboy] 24/4/2007 10:57

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 ...

[therivetman] 20/4/2007 16:43

Yes contracts are what they need to start working on...They've always seemed to have a good sense for building the business.....I just hate when they print shares without some due care to the risk to share price. Hopefully it will have little impact but I don't like to gamble my RRSP money....

[roodboy] 20/4/2007 13:12

well it was only actually a small placement of extra shares to bring the company to AIM so it cant hurt

but from now on it is all about the contract wins and roll out of the new products

[therivetman] 19/4/2007 13:02

I think expansion to the AIM might have been premature. It should have been preceeded by an agressive move into the marketplace with some good contracts first. Time will tell.

[roodboy] 19/4/2007 10:05

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

[therivetman] 18/4/2007 04:29

I feel the operators are doing an excellent job of running the business. Each year the results get better and I can't find any reason to believe that they won't continue to improve the business as time goes by. The move to AIM should be seen as an expansion into the European market and that has to be seen as a brilliant move considering the fact that companies that remain in one market only, are not only non-competitive but eventually lose market share to those that are not afraid of risk. Risk is the key word. Microsoft, Corel, RIM they all took risks and at times seemed ready to fold but now they are proof that risk provides the fodder that feeds wealth. Good Luck All!

[discofingers] 17/4/2007 13:51

Done some trawling of news and info on Versatile Systems. I read some way back the report compiled by NCB and have followed since.
The new initiatives are the ones which will make, or break, Versatile. On the positive side NCB are currently very positive on the Kiosk initiative and the next set of results should cement their view.
On the negative side the stock has not performed well for 7 months despite the positive newsflow. Maybe consecutive quarters of increasing earnings will help.
Kiosks are operating at 40% margins which will surely add alot to the earnings potential. I'm not bothered by the Telco side as it isnt adding much to earnings.
Tyco and Syncseer HAVE got my attention though with 70% margins and NCB's latest comment reads:

"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"

On going positive newsflow from Kiosks and Syncseer will be the deal clincher for me.

[roodboy] 17/4/2007 13:31

Greetings Rivetman!

cheers for the links - for some reason I cant get the link to the analyst coverage to work (perhaps it is not compatible with Firefox) but I have already seen the full note from NCB anyway

I am hoping that news on new contracts will come regularly

[therivetman] 17/4/2007 13:12

here's something of interest for any new investors

[therivetman] 17/4/2007 12:57

If you click on this link to our board in Canada you can read all of the posts back through the years There is some excellent analysis and forward looking statements from many different posters.

[therivetman] 17/4/2007 12:40

p.s. It was his detailed breakdown of Versatile that led me to buy.

[therivetman] 17/4/2007 12:36

Hi all from Canada! I'm a Versatile Shareholder (90,000 shares) since January of this year, but I've been following the company back when they were called ISI. I think this stock will have it's day and I plan to be there when it does. My brother is my "analyst" and you couldn't ask for a more detailed analysis when he starts crunching numbers(Davpro). I call him my DAVE2000 computer....lol....Well good luck everyone and I hope Versatile meets or exceeds all our expectations....it's 7:35 A.M. here and I need a coffee....Chow!

[discofingers] 16/4/2007 20:25

Nice story with this company so far but will need to see some £££££££ before I get in.
I like the Tyco and GE elements so far.

[roodboy] 16/4/2007 19:27

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. "

[roodboy] 16/4/2007 19:24

16 April 2007

Versatile Systems Inc ("Versatile" or "the "Company")
Placing and admission to trading on AIM

The board of directors of Versatile today announces that is has raised GBP2.1m
(CDN $4.8m) in a placing of 7,241,380 new common shares at a price of 29p (CDN
$0.664) per share (the "Placing"). The new common shares will represent 6.2 per
cent. of the enlarged share capital. The new common shares have been placed with
institutional and other investors in London and Dublin by NCB Stockbrokers
Limited. It is expected that admission of the entire share capital of the
Company to trading on AIM will commence today at 8.00am (British Summer Time)
("Admission"). The existing common shares of the Company are listed on the TSX
Venture Exchange. The new common shares will also be admitted to listing on the
TSX Venture Exchange.

[roodboy] 16/4/2007 11:57

Versatile provides software and solutions that enable companies to improve
sales, marketing and distribution of their products. Versatile also provides
information technology services for the implementation, maintenance and security
of mission-critical computer environments. Versatile has the ability to
architect solutions involving both proprietary and third party components.

Website:

Link to Pre-AIM news releases:

Link to Broker Research (58p target):