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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vigilant | VGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.54 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.54 |
| Top Posts |
|---|
Posted at 14/6/2008 19:15 by gogoneko As you're probably aware some company management have used the AIM market as simply a means to tap investors (private and institutional) for cash to build up a company and profile without ever making a profit, and then taking it private again and/or buying the business on the cheap from administrators. Whether that happens here remains to be seen, I commented recently about the consequences of the recent, possibly coincidental, changes in shareholding because of the small funding to give major shareholders a majority so any decisions may very well be a formality.I'm still hoping (as there's no point selling my remaining small investment) that in the current environment Vigilant survives as they appear to have a good product and there's a growing market - although from the website I noticed that they don't publicise a brand recognition capability (i.e. ability to recognise logos on clothing) which was a market desirable. From a previous recent RNS they appear to be gaining business - albeit not enough it's obvious, but they seem to have overexpanded or been overambitious through bad management (unless they find some way of blaming the credit crunch), hence I expect jobs to go unless they themselves dig deep and find some money to inject. I'm also surprised that there hasn't been any consolidation in the sector as at the current price I'm surprised nobody's taken an interest in Vigilant's business and IP - perhaps they're waiting for the administrators (so if management were planning to take the business into administration to pick it up on the cheap it represents a risky strategy). There is the potential for prelims to arrive at the end of next week and they're going to be very interesting reading. |
Posted at 11/6/2008 10:05 by gogoneko I think a sensible business plan is the key and unless there are quantifiable guarantees that the funding will see them through to profitability I'd wouldn't expect much funding from new investors, particularly not in the current environment and with their past record, and not without someone losing their job. I still expect management to come up with the lion's share of the new funding by some means or another. |
Posted at 03/6/2008 10:46 by gogoneko I agree, very disappointing, particularly so given what the chairman said barely a month ago about growing market share and making great progress whilst asking for a couple of '000. That amount raised certainly wasn't to tide them over as I'd hoped. It really appears that this lot are not suitable for the job as they don't have their eyes on the tasks in hand - the primary one being to operate profitability in the short term. I was supportive of their focus on sales and marketing but not to the point of losing sight of the dwindling cash reserves in the expectation that they'll be able to tap investors for more.I've thrown back (with difficulty, because unsurprisingly the MMs don't want them!) the shares I picked up yesterday because I see very little progress and have little hope, although the company has effectively put the "For Sale" sign up as far as I'm concerned. If an external single entity were to come in with an offer which is effectively more than the current market cap then they're going to lose control of the company - and it'll be very interesting to see how that develops. I would be very disappointed (and suspicious) to see the current management not coming in with new equity as part of the refinancing as that would indicate that they expect others to bail them out. Someone would need to fall on their sword because of what's happened. At this point I'm very much hoping that a third party will make an offer in shares or cash for whole of the company at somewhere near the current level as I expect the business without the overheads would be very valuable. I wouldn't like to see VGT try to stay afloat by attempting to downsize if no money comes forward. |
Posted at 02/6/2008 09:10 by gogoneko I'm afraid that I'm more inclined to express views for the attention of private investors who may be making investment decisions than concern myself about the whether it reflects badly on the company. I think that what I've commented so far has been a reasoned and fair criticism. I had also sent a short, polite email to investor relations a while ago politely asking a straightforward question about clarifying what had been said in an announcement and regrettably heard nothing, not even and acknowledgement.For the record; I have reasonable praise for the way the company is being run, i.e. it's in a very competitive market and has made the right choices regarding business relationships, improving the products, and working hard in marketing/sales. I therefore picked up a few more this morning to lower my average as I'm quite optimistic about what's going to be in the prelims hopefully later this month. edit: 500k sold - someone's jumped overboard! ;) |
Posted at 30/5/2008 20:38 by paulypilot Hi,I also give zero credence to anonymous posts on bulletin boards from people who I've never seen post before. All too often it's someone with an axe to grind (e.g. a competitor). Agreed that the company's investor relations are appalling, but it is an overseas company, and to be honest I want management focused on Sales, and not fiddling around talking to PIs or preparing RNS's ! Personally am in two minds about buying more shares - since I already have 2m in various forms, what's the point in picking up (say) another 100k ?? (other than to make myself feel better by pushing the price up a bit). If they do run out of cash, then the company clearly has some value in a trade sale. Fingers crossed, what will be will be. It's such a tiny part of my portfolio now, it doesn't really affect me either way, but would be nice to see it turn around. Regards, Paul. |
Posted at 30/5/2008 18:27 by gogoneko pp,I'm still happy to hold and will pick up more at some point, perhaps next week. I could be reading the situation completely wrong but I think that the company's doing ok and had short-term cash flow problems as it pulls itself out of losses. This idea that they'll be bust within a few months I give no credence to - a cumulative sale of a paltry couple of £k worth of shares isn't anything to raise eyebrows at. My view is that fund managers would not have given any money at all (certainly not at 3p) to this company unless they were duped. I do feel that the two founders losing their exec status at the same time as the fundraising may be an indication of the indignation of Syntek at having to cough up though. At least I'd expect prelim news within a few weeks now that we've pulled through May unscathed and I wouldn't be surprised to see at least EBITDA positive in current trading. Whether that would entice private investors to top up or come into this company is another matter! adam, I'm one of the small fry who is taking a small risk and buying by thinking it's a bargain and, if I understand you correctly, you are exactly right in that this company have done an absolutely appalling job in providing information to the market. Without a doubt, if the forthcoming trading news is good (which I hope for everyone's sake) and the company becomes successful and profitable I will be rid of these shares at a profit and likely never return. I will not support companies who give no thought to PIs, they're there for the trading as far as I'm concerned as there needs to be mutual respect. |
Posted at 16/5/2007 15:12 by moosie101 Fair comment about the PE - it's impossible to predict what multiple the market will deem correct for a company in this sector in the future.Equally a dodgy looking share listed in UK but registered abroad with a chequered history is not likely to be attractive to all but the bravest (riskiest) investors so this will hold the PE down. However, looking historically at companies who have made the turnaround (namely Axis and IND) then the PE ratio tends to track the growth. I.e. turnover/profits up 40% then PE close to 40. So a PE ratio of 30 is quite likely to go with this company if it has turned itself around as I hope. Cheers Moosie. |
Posted at 23/3/2007 12:53 by moosie101 Last year's finals were announced on 21st March 2006, so I naively assumed 21st March this year would be the correct date for this year's final results.However, I have emailed Citigate (Vigilant's investor relations officers) and have been told that the results will be announced by April 30th although there is no confirmed announcement date. No calendar of events on the website or in the annual report... Cheers Moosie. |
Posted at 20/12/2005 17:38 by affc21 Vigilant Technology Prices IPO At 43P, Dealings Dec 20 Edited Press Release LONDON -(Dow Jones)- Vigilant Technology, which designs and manufactures sophisticated, "intelligent" solutions for the high-end CCTV security and surveillance market, Monday announces the pricing of its initial public offering at 43 pence a share to institutional investors in connection with the listing of its ordinary shares on the AIM market of the London Stock Exchange. Dealings will start on Dec. 20. Shore Capital is acting as nominated adviser and broker to the company. The placing will comprise a total of 23,255,814 new ordinary shares which represents 41.1% of the enlarged issued share capital of the company. Based on the placing price, the market capitalisation of Vigilant on commencement of conditional dealings will be GBP24.3 million. Gross proceeds of the placing will be GBP10 million and the company intends to use the proceeds to fund the expansion of its sales and marketing team to further its strategy of selling directly, under its own brand name, to systems integrators, dealers and distributors Sir Trevor Chinn, chairman of the AA, formerly chairman of RAC plc (previously Lex Service PLC), co-chairman of the Israel-Britain Business Council and member of the Tel Aviv University board of governors, is joining the board of Vigilant as chairman. |
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