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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vislink | VLK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 17.375 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.375 |
| Top Posts |
|---|
Posted at 07/2/2017 10:38 by bakunin The stature of PB and main locus of operations can perhaps be judged from this history of the company:VLK clearly stated that the sale of the hardware division would leave the company debt-free. The RNS is badly-worded. The cynical side of me would say deliberately so. A software developer carrying debt of circa £5m when all is done and dusted and annual revenue that amounts to circa £10m is not good. Whether that is actual debt or merely a debt facility that they might want to use for acquisitions/working capital is something that remaining shareholders need to check up on. If any of you are still loyal shareholders, I sincerely hope that the deferred payment does arrive in March. Hopefully, xG do have a way in mind to line up financing. It all just smacks of financial engineering by a network of minnow/shell companies that happen to have found themselves with stock market listings to play with. Just look at the financials of xG. How do you burn through $200m and end up with quarterly revenue of a few thousand? It is ironic that Pebble Beach Systems has basically returned to exactly what it was prior to being acquired by Vislink, but now saddled with debt albeit with a stock market listing. Perhaps all will be fine in the end. I have no firm information about the company. Just a cynical reader of what they publishing. |
Posted at 16/11/2016 15:03 by bakunin Kestrel will know far more than me.But, I've just checked out the financials of xG and they are dire. I'm sure they are raising the money to buy VLK from somewhere, but they don't seem to say. They describe VLK assets as a steal in their press release, so I presume they think they can get the money from somewhere. They need to remember to cover the £10m debt as well. So, I'd rather avoid the risk of this all falling through and take profits. |
Posted at 28/10/2016 17:32 by petewy Equity development quote:On this basis we have upgraded our adjusted PBT forecasts for next year from £1.7m to £2.8m - delivering EPS of 1.8p on top of a re-introduced 0.4p dividend. Likewise our price target increases from 20p to 23p per share – equating to a 2017 sales multiple for PBS of 2.3x, and within the typical range of 2x-3x for smallcap software stocks. Therefore overall, given the recent uncertainty caused by the deterioration in VCS’ trading performance, alongside a possible breach in banking covenants, we think the proposed divestment makes strategic sense, and is a major step forward in turning around the group’s fortun |
Posted at 21/10/2016 09:10 by smithie6 imho Hawkins career as an MD of listed or sizeable companies is over.....after the disaster at Vislink no other co. will touch him imho..so....he might/will cling on to his job, pay and benefits like car, expense card, private medical cover, pension payments at VLK as long as he can ! since imho if he leaves he will just be sitting at home watching chat shows on TV ! |
Posted at 08/10/2016 00:31 by buywell3 It would indeed seem that radical surgery is requiredThe closure of all loss making activities/parts of the company The laying off of all staff associated with the above A complete change of the BOD And a 100% focus of resources upon the only part/s that are making profits The situation is dire Banking covenants have been breached and Net Debt is sinking this company The revolving credit facility (RCF) is fully utilized It is now only the goodwill of the bank/s involved in supporting VLK that is stopping this from going bust Major new funds in the order of 15M plus are required soon |
Posted at 05/10/2016 00:52 by sharw diku - surely you must feel sorry for poor John Hawkins, Executive Chairman who on 19 July 2016 purchased 1,000,000 shares at 13.35 p. If he sold them now at 7.5p/share he would make a loss of £58,500. How would he cope with that? After all, in the 5 years 2011-15 VLK only paid him £1.912,948 for his services. |
Posted at 04/10/2016 10:25 by nick rubens Fulltimeinvestors.coVLK still valued at around £10.5m It seems a placing is a likely scenario IMO and yet unless there is change at the top, I would still be keeping away. |
Posted at 01/10/2016 16:55 by nick rubens Yes, Institutions generally just want an easy life and happy to skim management fees from the fund for salaries.Fund Management always a better proposition than being a shareholder. VLK is an example of what I fear most when investing. Thankfully this one has always been a stock I couldn't stay in for too long and luckily sold them out of complete mistrust for the management. It's hit what looks like a new low after all these years of being listed. Frightening to think there are others that will do the same and they can be difficult to spot and act upon when one thinks the corner is always about to be turned and it never happens. |
Posted at 01/10/2016 13:13 by smithie6 Any experts on insolvency and breaking bank covenants ?My view after quick look at the numbers is - I personally wouldnt touch the shares at 9p, too risky imho If I was a competitor to Vislink and big enough....I would be tempted to buy the bank loan note....perhaps at 50% of face value (if bank is sweating then they may be happy to take it)...and then call in the debt and since not paid then take the assets of VLK in place of payment of the debt and become the new owner of Vislink......with shareholders getting ZERO Any views ? -- 2) Can VLK sell something to pay off the cash ? If sell the software division....then left with the comms division which is loss making...and hence the shares would be worth close to zero perhaps. And comms division, one assumes it is either unsellable....or only for a low price much smaller than the debt and hence no point to do it perhaps since would not be able to pay off any of the debt. ---- For shareholders the Company looks to be between a rock and a hard place as far as I can see. FOr the workers I hope everything goes ok. |
Posted at 04/2/2016 12:09 by varies Might the current weakness have something to do with GoPro ?As mentioned in today's Times, GoPro has discontinued its "lower-value HERO cameras" and taken a charge of $57 million in its latest quarter results announced yesterday. In April 2015 GoPro unveiled HEROCast, a product developed with VLK. This was a miniature camera with a transmitter attached. There is a reference to it in VLK's report for the 6 months to June 2015 and to VLK's "strategic relationship" with GoPro. It may be that the discontinuation of the lower-value cameras does not affect VLK. It may equally be that VLK's R&D expended on this product will prove wasted. I doubt if this product is of great importance to VLK but hope that some better informed contributor here may be able to offer some guidance. |
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