Vianet Share Discussion Threads

[interceptor2] 14/1/2013 08:47

EROS were the last overseas listed stock I invested into some time ago. Why bother with Chinese or Indian stocks when there are so many good opportunities in the UK with overseas exposure. Much safer believing the accounts in UK stocks imv.

Pleased to see the buying interest in VNET today.

ic2...

[johnv] 14/1/2013 08:46

CR, true about foreign based aim, none have done very well.

[cockneyrebel] 14/1/2013 08:41

The divi here is a big plus imo. Aim co's that pay a divi tend to be far more reliable than non-divi payers imo.

CR

[cockneyrebel] 14/1/2013 08:38

I don't like Eros johnv = indian based AIM - not a place to be imo, can you remember a foreign AIM co that did well for its shareholders? Rare if you can imo.

CR

[jeffian] 13/1/2013 21:17

That is absolutely correct IMHO. 'EBITDA' just means 'gross profit before any expenses are knocked off' and is completely meaningless IMHO. I can understand why companies would like to take Amortisation and Depreciation out of the equation as they are non-cash items (although even that is arguable if a capital asset actually has to be written down or off) but the rest are real cash expenses that eat into profit. In any accounts, the page I pay most attention to is 'Cashflow'. If the cash isn't coming in, you can't hide it however hard you try.

As for VNET, I've been around for a bit longer than most of you and the bit that's beginning to excite me most is the contactless payment system highlighted by someone above. iDraught gives the Brulines business a new lease of life but it can only go so far. I'm happy to see that they're using that solid foundation to develop into a real growth area.

[johnv] 13/1/2013 20:57

PP & others,

Talking about nap tips, what puts you guys off Eros, is it the large intangibles?
I read a accountancy book for investors which said any company which keeps on talking about its EBITDA...then forget it. EROS seems to mention it a lot.

[interceptor2] 13/1/2013 19:56

Thanks for the link paulypilot, it certainly sounds like they have and are in the process of alot of groundwork, and are ready to take advantage of some significant opportunities.

The chart looks interesting, going sideways in a narrow band between 96p to 110p since April. And then we had the sudden upmove on the news of Solera selling their final holdings. Even though I was tempted to buy in at 105p, I decided to await a catalyst, which duly arrived last week.

ic2...

[paulypilot] 13/1/2013 15:55

Hi CR,

Indeed. The think I like about Vianet is that it's a great value share - very low PER, great 5% divi yield, and a sound bal sheet (no debt once you offset the freehold & investment in Universe Group).

Yet it also has exciting growth prospects with iDraught, entry into the USA market, plus the excitement of the vending operations which are apparently on the cusp of big contracts.

So clearly the market is sceptical about the growth prospects, but management sounded very upbeat about it in the last results presentation video on their website, well worth listening to if you haven't already;


Cheers, Paul.

[cockneyrebel] 13/1/2013 12:26

I think they'll be doing a full tip soon, probably next month - unlike them to NAP something they haven't yet done the full write up on, unless of course they thought these might get away before they did that.

They highlight the 17.5p eps forecast for the year starting April 1, I reckon a PE of 6.8 or less will look very attractive to SCSW punters imo.

CR|

[paulypilot] 13/1/2013 00:15

That is good news about SCSW flagging it as a NAP for 2013.

I subscribed to SCSW for years, and thought it very good, but let my membership lapse. If they've spotted the value in VNET, then it might be worth me renewing my subscription, as it means they are on the boil again!

PP.

[allstar4eva] 12/1/2013 21:11

Damn. Nearly bought some of these last week but didn't have time to look into it...

[interceptor2] 12/1/2013 20:43

cfro, thanks for highlighting these last week. Much appreciated :o)

ic2...

[napoleon 14th] 12/1/2013 20:00

Glad you asked, speedsgh......

[cfro] 12/1/2013 18:24

Time for my NAP now.....:-)

[davidosh] 12/1/2013 11:25

Norbert...My 14year old son finished 8th out of 330 in the 2012 Stock challenge so you are not the only one under pressure !

[cockneyrebel] 12/1/2013 11:23

Nice :-)

CR

[saucepan] 12/1/2013 09:36

(OK Norbert, noted!)

SCSW NAP should bring a bit of interest :-)

[bigbigdave] 12/1/2013 09:20

A NAP is a term used in horse racing speedsgh which means 'best bet'

[interceptor2] 12/1/2013 09:07

Thanks BBD, Pleased I joined others here and brought in last week :o)

ic2...

[speedsgh] 12/1/2013 09:03

BBD - forgive my ignorance. what is a NAP?

[bigbigdave] 12/1/2013 07:28

One of SCSW's NAP's for 2013.

[gfrae] 10/1/2013 17:32

New Solera appear to have reinvested in LSR.

[norbert colon] 09/1/2013 11:40

Saucepan - note we ranked 25th and 26th in the stockchallenge for 2013! The challenge is on!

[eeza] 09/1/2013 08:34

RNS - Helium Special Situations Fund taken 1mill - 3.6%.

[pj 1] 09/1/2013 08:10

Gate...Horse.....Bolt....... somehow spring to mind!!!!!