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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Viridas | VIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 | 0.275 |
| Top Posts |
|---|
Posted at 23/6/2012 17:48 by sweepie2 Huge week coming up, drilling restarting at MLMP, full year results at NTLP,PINN & PPA, AGM at VIR. I hope the strike rate is more than one in five, expecting positive news at both VIR and PPA. Lets hope they and the result of those companies don't let me down as a couple of them I own nearly 3% of the equity.Fingers crossed for this week, I wonder whether at the end of the week I can rethink giving up the day job. |
Posted at 13/5/2012 11:41 by marab xcap - the PPA investment came as a total surprise as many here posted at the time. The size of the investment could be for a number of reasons. It might be that VIR took up the balance of the amount being raised and couldn't invest any more. It could be that there was enough downside risk that VIR limited its amount of investment accordingly. There is a third reason that has nothing to do with money. Bruce Rowan, Nicholas Lee and a few others, invest in small AIM companies and we have seen stocks in the past jump simply because a certain investor got involved. I would think that is a fairly exclusive club to get into, and once in it may be necessary to help out fellow members when required. It could be that the investment in PPA was tactical in order to be able to invest in future joint projects. Stake size and spreading risk might be factors as well. The bigger the stake in a company the harder to get rid of at a good price (we were pretty lucky with LDP - or well informed). Putting all your cash in one stock is always dangerous so how many companies is a reasonable spread 5, 10 ? Put all your money into one stock that doubles and life is wonderful, put it all in a company that flies like a brick and then gets suspended for years not so good. Also there is the simple fact that if you invest all your cash you can't invest in anything new without selling some of your investments or raising more cash (and I would not want to see a placing at these levels as us small PIs would more than likely not be includ4ed). A 50% return on £150,000 could go a long way toward covering VIR's running costs for a year so perhaps not a total waste of time. Personally I would be delighted if I averaged 50% per investment, or at the moment, 5%. The PPA investment has yet to prove itself one way or the other, although various posts on the PPA thread give an impression of a company about to move up a gear. Certainly we know that VIR would have had a lot more information made available to them than we will ever see. I personally don't invest in Oil and Gas companies ( except TXO which has other assets), but the best time to invest in any company imo is when they are about to produce revenue after a period of time that has seen the share price slump far below NAV. The risk is greatly reduced at that point yet the companies need for capital often means a heavily discounted placing. Look at the STGR investment in Graphmada as an example. I believe that our Mr Lee has the contacts to find such companies and that's what I am betting on here. The placing that started everything off here was at 0.25p followed by another at 0.4p (from memory - might be wrong), so that means at the current share price we are getting in pretty cheaply compared to the normal vehicles for our investors here. Which is no guarantee that the share price won't drop further of course. I also note that the share holders list on the company website is out of date and in breach of AIM regs and I will take steps to get that updated. |
Posted at 12/5/2012 12:53 by marab xcap - lot of us are like Bronislav, we are invested and we are quietly waiting for the next bit of news. I like the fact that the directors haven't just rushed out to spend the cash, but are taking there time to decide their next investment. I look at it from the point of view that some AIM companies have recently had deeply discounted placings of up to a 50% discount to the share price at the time . Now while that sucks if you hold the shares, it's a lot better if you are involved in the placing and know where the company is heading, and that is why it makes more sense to be in VIR than the target companies. We are seeing cheaper and cheaper SPs on most AIM stocks, often on good sound companies that have just been caught up in the general flight to safety (a bank account paying nothing pence in interest and inflation running about 5% per year). Those good companies are watching their share price fall and some of them need money to upscale or otherwise move forward. Banks don't want to lend, even to each other, so where is the money coming from? VIR have £3m in the bank and can make cash available as soon as needed as xcap mentioned earlier. I hold a lot of stocks that worry me because at any moment they might issue the dreaded placing RNS, but I hold this one because it's on the flip side - the one taking part in the placings. And its trading at a large discount to its largest asset - cash. I'm looking at a few stocks that have dropped way below fair value for their assets (and own many of them ;( ) and am toying with buying more. The directors of VIR must be doing the same but looking at buying in at prices far below those that I will get on AIM. Barring unforeseen circumstances I would expect AIM generally to drift down over the next few months as it usually does, so I am holding back a bit of cash for better bargains at that time, so I am quite happy for the directors here to be doing the same. The above was a bit wordy but the summary is basically that this company has cash as its main asset with a history of doing well with its investments, and the price of buying into that cash is going down every week. The share price is going down but the cash asset remains the same, logically is that a reason to sell VIR? |
Posted at 04/5/2012 09:40 by share_shark I am peeved indeed marab. Whilst LDP, which made oudles of money for me as I was one of the first there, is way OVERvalued and much hyped, there is virtually no news, that I can see about just how well VIR have done. Why not ?. If VIR have done so very well, why are the company not singing their praises from the roof tops, via the usual route of tips sheets and media reports.LOOK FIRST to your own shareholders,I say and not go gadding off,spending time and money elsehwhere on another BOD UNTIL your own company for its shareholders, UP the share price IMHO |
Posted at 17/2/2012 21:10 by howdlep A few points guys if I may:-1) I take the RNS today to mean they have sold their BRDY shares, so I would expect both BRDY and VIR to issue zero holding RNS' 2) VIR do not own LDP warrants. They have the right to exercise the warrants at a price of 0.15p up to a certain date (which I would need to check the RNS for expiry date). By exercising that right and then selling the shares in the open market, they then realise the financial gain, which they pay tax on. However, why exercise now when they can just sit there and await LDP developments? If the share price of LDP goes down in the future then they will not exercise until such time as LDP's price recovers. If the LDP share price goes up, then VIR can exercise when they judge it is the best time to do so. Remember they need a buyer for the 166m shares when exercised. At the moment there is a big buyer for LDP shares, so I am a little surprised they havent exercised and sold. 3) If VIR do not do anything within one year they will return the cash that remains to shareholders, less closure fees. Otherwise VIR will be suspended. 4) An AIM cash shell is probably worth approx 300k to a buyer so add that to the shell value. 5) My money is on a big investment being made by VIR and I wouldn't be surprised if they are not already working on it. I hope that adds to the debate. I hold VIR and ZOL |
Posted at 17/2/2012 20:46 by engelo As of now, ZOL have cleared their decks, VIR have just cleared theirs, and BRDY's decks have always been clear. I have no explanations, but VIR has more cash on its decks than the others by a very long way. As most here will know, WSAG are coholders in BRDY and are also probably (because they have given no meaningful data for about 4 months) at a discount to NAV.While VIR have always been the most open, they have started to get secretive as with their failure to disclose their position/plans for their BRDY and LDP warrants. All 4 cos are giving very little information about their forward plans atm, although WSAG might conceivably change after their EGM on March 1st. Thinking upwards down the bottom of the pile BRDY look like they're clearing their decks of investors, in that both VIR and WSAG are hinting that they're getting out, so that should mean someone is poisad to get in ;-) Maybe the mkt is thinking this way: after BRDY perversely went up a bit to-day on news of VIR's likely disposal. |
Posted at 27/1/2012 11:04 by marab engelo - I've been out and about or I would have done it sooner. Normally people would argue that an investment company, which VIR is at the moment, generally trade at a discount to NAV. Looking at VIR's performance over the last few months I think one could argue that they should be trading at a premium. LDP's share price seems to indicate that there is more news to come there and, since VIR have not issued an RNS, we have to presume that they are still holding the LDP warrants. I hope VIR continue being so prompt with RNSs as it makes a refreshing change from most AIM companies. As someone commented earlier VIR have already amended their listed holdings in LDP on the website. I have to say I am quite encouraged by the professionalism of VIR to date. |
Posted at 25/1/2012 21:06 by marab supercity - 'secondly are VIR just looking for cheap shares ramping them up then jumping ship...while this could be great news for investors it will only take a few trades like this before companies turn against it.' Fair points but I don't think VIR did any ramping. They bought LDP for the prospects and that looks like the reason the other large share holders have climbed aboard. The fact that VIR could sell that many LDP at the price they did shows that their has to be some potential in LDP's project. By selling at a huge profit VIR now has more cash to play with, no risk of their investment in LDP going down, and created the impression of a company that can do the kind of deals most of would love to be part of. BRDY seemed to go up for no other reason than people expected it to do what LDP did. It may well do so in the future as BRDY is a shell looking for a reason to justify its existence, but most bought as a short term punt.There are a lot of companies out there short of cash and they are going to be happy to do any deal that keeps them afloat, and that's where VIR comes in. Look how cheaply they bought into LDP and look at the current LDP share price. A placing could be done now at 5 times the level VIR invested at and still offer a discount, so I don't see how LDP have lost on the deal. As to the directors giving themselves a hefty bonus, I have no opinion on that as I don't know much about them. Perhaps other posters would like to comment on that for the benefit of all of us. Time will tell, but looking at some of the other companies on AIM, it's definitely a point to bear in mind. Your post could be construed by some as negative, but to me it was just a list of points worthy of consideration and I thank you for bringing them up. A balanced thread is a good thread imo. |
Posted at 24/1/2012 23:17 by steddieddie Fantastic business decisions in "new" VIR's very short life, so new that some people haven't caught up with the change of business, UK-Analyst in its Stockmarket Reporter this evening referring to VIR as a "waste management firm". As it happens, it also said it had sold only three quarters of its 22% stake, clearly not correct, and that it had retained a "small stake". Obviously, that will be the tiny matter of 167m warrants already in the money to the tune of £500k and capable of enabling them to retake a 6% stake idc. Oh dear!Just goes to bring home how little VIR is understood and probably explains why the market is lagging behind with its valuation following recent events. The LDP success goes without saying but what a brilliant 4-week gain, now locked in and ready to go elsewhere. Today their other investment, Brady, held for only 3 months, went up 50%+, making an overall gain of 130%+ since acquisition. LDP warrants still held, already "in the money" by around £500k. What a month! Surely VIR is now well ahead of its business plan and has the spoils to do virtually anything it wants. That said, progress has been seemingly too quick for the market and a catch up looks well justified. A month ago VIR had a £2m market cap comprising c. £1m cash and a single investment in Brady worth c. £340k. So, roughly speaking, at .35p, it was trading at a premium of c. 50% to its assets i.e. 50% of "hope value". Not untypical for this type of investment co, I would say, where respected new management has arrived and near-term action is anticipated. Anyway, only one month later, VIR's market cap has increased by around 85% whereas its assets have increased by a staggering 320%, importantly mostly capitalised and therefore freely available for more of the same. In numbers, VIR now has a £3.75m market cap against presumed cash of £3.37m, plus warrants currently worth c, £500k, plus Brady has moved on today to c. £435k, a total of £4.3m. This represents a trading DISCOUNT to NAV of c.12.5%. Any level of fairness should see it move back to align with the 50% premium in respect of "hope value". This alone would justify a share price today of 1.12p which, of course, would merely represent a "fair comparative point" in anticipation of the next value accretive deal. Should such a deal then duly arrive and be anything like we've seen these last 3 months, then on we go again. I'd say LM's forecast of 3p is looking less and less stretched! Meanwhile, on Brady, doesn't VIR already hold 29.4%? Surely not much scope to increase this without triggering a full bid? Personally, I can't see any sense in that because I'm sure both Companies can prosper much better with their separate identities and listings. |
Posted at 24/1/2012 15:31 by liquid millionaire Leed Petroleum stumbles as Viridas sellsInvestment company Viridas (VIR) saw its shares jump more than 12% on Tuesday after it announced that it has sold 592,666,667 ordinary shares in AIM favourite Leed Petroleum (LDP) at an average price per share of 0.48p or for an aggregate consideration of £2,869,200. Following this sale, Viridas will continue to hold 166,666,667 warrants to subscribe for new ordinary shares at a subscription price of 0.15p per share. "Given the increase in the valuation of Leed, and the strong interest in the company being shown by a range of investors, Viridas has decided to sell the majority of its holding in order to make funds available for other investment opportunities," explained Viridas chairman Nicholas Lee. He added: "I continue to believe that Leed represents an exciting investment opportunity and so Viridas has decided to retain both a financial interest in Leed and I will also continue as a director of the company." Leed Petroleum shares have ruled the oil and gas producers sector for more than six months, adding 414% in the last three months alone. But Tuesday's announcement from Viridas saw Leed stock tumble more than 19%. Lee said that he firmly believes that Viridas's strategy is capable of creating significant value for shareholders, as demonstrated by the substantial return made from its investment in Leed. |
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