Value And Indexed Proper... Share Discussion Threads

[drunken monkey] 09/1/2014 13:24

From the size of these, they are definitely delayed BUYS

155k BUY @ 9.00p

155K BUY @ 9.02p

Nice. Can't quite understand why we aren't seeing a bit more interest here? Other VIP boards also dead....

[euclid5] 09/1/2014 13:15

two 155,000 buys just gone through

[drunken monkey] 09/1/2014 13:08

Not sure where the TW faithful are at now. Secretly hoping a load of them are still short with stops around 9.5p.... Few more buys should get there then BOOM!

[diamond1] 09/1/2014 10:06

Winnifroth's prediction is looking a bit silly now then.

[drunken monkey] 09/1/2014 09:23

...and there's the delayed 100k buy @ 8.6p made to look like a sell. Spread was 7.0-8.0 when the trade was actually made so someone was prepared to pay nearly an 8% premium to get a chunk of these yesterday. Proven to be a good call tho! 8.75-9.25 on the spread just now.

[euclid5] 08/1/2014 16:03

up 30% - bid 8p - offer 9p

[drunken monkey] 08/1/2014 15:41

Now seem to be shrugging off the 5p "mates rates" share issue. Been a couple of buys today outside of the spread. Can't see what else TW might be able to come up with to try and hold this back - he was bleating on about a damaging 6p equity raising. In the event, it was actually at 5p and yet the share marches onwards!

VIP has to be odds on to breakout now. It should have before but TW managed to delay it. Target 18-20p.

[diamond1] 08/1/2014 10:36

Hello, hello, hello? Sudden spike!

[smithie6] 02/1/2014 16:28

acquisition of 51% was not cheap imo....for a co. that is labour intensive and essentially operates around break even imo
..and even if increases turnover will probably still be around break even imo
(Im not a fan of custom made.... labour intensive companies; if "ever" short of work then the financial numbers collapse since employees still demand to be paid)

I wonder if they intend to buy the other 49%

noticeable chunk of dilution for shareholders...

useful addition to the company though

I got out back around 9p...since the upward direction had completely ended


looks expensive to me relative to turnover...and perhaps a lot of companies out there offerring mobile solutions to banks..if they start announcing a series of big contract wins then maybe I'll bet back on board

[drunken monkey] 31/12/2013 08:23

Market underwhelmed by news so far... No change in price, couple of sells, no buys....

[euclid5] 30/12/2013 22:44

12 month lock in deal also so they can't sell the 19m shares until Dec 2014

[mrwhippey] 30/12/2013 21:23

lol yes, excuse the obvious error. That really would have been a bad deal.

£2.5m if you take into account the additional consideration, which we all know is very likely to be paid in full. The 'targets' are almost always met in these circumstances.

I consider a would-be PE of 32 a high multiple for a small software services company, albeit one that appears to be growing revenue. That sector rarely commands such a high multiple. Given the share price discount, growth potential of VIP and the fact that VIP are already one of their largest customers, I would have hoped that we had the leverage to negotiate a better deal.

Having said that, I too will keep my very small holding for now. I was looking to top-up near-term but will probably await further clarification.

All the best.

[jamielein] 30/12/2013 20:55

I think you may have missed a decimal point, as AC&D would be valued at £1.875m rather than £18.75m. That's a PE ratio of 24, but the revenues of AC&D appear to be growing at about 50% pa, so that doesn't seem too bad.

What's not great is the 5p price the shares are being issued at.

Overall I'm neutral on the RNS. I will be keeping my small shareholding until there are further developments.

[mrwhippey] 30/12/2013 20:29

A very late after-hours RNS during the quiet Christmas period.

Purchasing 51% of a company with trailing earnings of approx. £77,000 for an initial consideration of £956,250. That values AC&D at £18,750,000. And an additional £318,750 may be due in 2014 if certain conditions (yet to be announced) are met.

Given the discount at 5p and the growth prospects of VIP, I would have thought that they could have negotiated a much better deal than that. On the face of it, very poor value for VIP shareholders imo.

[drunken monkey] 30/12/2013 19:11

RNS.....



Not sure what to make of this.... Buying into a company that breaks even with a growing revenue stream in shares @ 5p, but this could be 10p if the strike price was doubled. Some shares issued for cash at 5p which I don't like. Also don't like the timing of the RNS - like its sliding under the radar....

Any thoughts on what tomorrow will bring????

(At least TW was WRONG! 5p not 6p!!!!)

[harrisdodd] 25/12/2013 09:17

Do not follow this board but as an investor in monitise I just looked in. Referring to an earlier post. I think that the turnover for monitise in the year ended 30 June 2013 was £72m not £14m.

[euclid5] 23/12/2013 20:04

two 600,000 buys went through today - very nice indeed

[johnma] 20/12/2013 12:31

Agreed - revenues have grown by double digits over the last 4 years and I see no reason for them not to continue in the same vein

[euclid5] 20/12/2013 12:22

E Serve Global - ESG now valued at £112m - good news yesterday & the business deal with Visa also announced

we need some new contracts in the bag early next year for the market to wake up on VIP

[johnma] 12/12/2013 17:42

Good buying last two days

[euclid5] 12/12/2013 11:03

seems the 4 x 640,000 sells (11/12/2013) were sold in nicely yet had little affect on the price

[johnma] 12/12/2013 09:46

Comparative ValuationMonitiseMarket Cap £900mRevenue £14mLoss £36mValued at 64 times VIP Market Cap £8.3mRevenue £1.4mLoss £200kValued 6 times revenue

[johnma] 11/12/2013 02:32

Key points to considerMobile space set to growVipera within a global operating spaceGood management teamRecurring revenue stream developing - with Revenue growing every year with double digit growth.2010 £250k2011 £670k2012 £975k2013 £1.4mM foundry was a competitor sold for ten times revenue. 16.5m sold for $165m. Growth companies are valued on Revenue not profit.Vipera valued at £8.3m - could be valued at £20m plus in the event of a take over. Based on 2014 revenue.