Vislink Share Discussion Threads

[pre] 20/10/2016 13:06

conditional sale...so some conditions attached? anyone know what they are?

[crackdown2020] 20/10/2016 13:06

gonna drop now, coz I can buy

[crackdown2020] 20/10/2016 12:59

I have had enough of this

[crackdown2020] 20/10/2016 12:58

someone in the know this morrnig

[crackdown2020] 20/10/2016 12:57

Now i can buy, but when i wanted to buy i couldn't

[nick rubens] 20/10/2016 12:53

BIG NEWS! lol

[nick rubens] 20/10/2016 12:43

Could be some corporate action/news coming as buyers take up stock today?

[1fox1] 13/10/2016 19:35

Good riddance that's one of the rats left the sinking ship. The king rat is still on board though. Investing in Vislink can seriously damage your wealth. Once an exciting little company wrecked by Hawkins and his cohorts IMO

[amt] 13/10/2016 17:31

Outrageous to post a positive RNS yesterday and then drop s bombshell today.

[targatarga] 13/10/2016 10:12

I bet the sick pay/severance deal will bring tears to the eyes of most!

[smithie6] 13/10/2016 10:02

.....FD leaving immediately...
....perhaps signals that the plug is close to being pulled...!!...imho ...if I was holding I would get out...

[targatarga] 13/10/2016 07:27

amt - but the price should go up today! [Ians probably not as sick as most of the shareholders] imho

[amt] 13/10/2016 07:22

I was nearly tempted to buy yesterday but thankfully didnt given todays news.

[targatarga] 13/10/2016 07:20

They'll probably pump up the price to get fundraising away! imho

[bill hunt] 13/10/2016 07:14

One down more to come?

[nick rubens] 12/10/2016 14:19

Quiet alot on individual trades today. Interest is coming back here on that update.

It's time for a change of management IMO and that would trigger a rally and renewed confidence should a fund raising if needed.

[nick rubens] 12/10/2016 08:32

Crystal Amber and Johnston Press. Look at CA share price growth from activism and corporate change in companies.

[ali47fish] 12/10/2016 08:11

who is ca and jpr please

[nick rubens] 12/10/2016 08:09

Good RNS for a change but needs some shareholder activism/pressure for change. Would be nice if someone like CA might start buying here as they have done with JPR.

[bagless cleaner] 10/10/2016 08:13

I wonder if Bobs been approached yet ref funding going forward.
Company needs Bob, just dig deep Bob, and remember the board is behind you!

[buywell3] 08/10/2016 00:31

It would indeed seem that radical surgery is required

The 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

[smithie6] 07/10/2016 19:31

...worth remembering that they have been laying off staff imho in comms division now for at least 2 years....showing it is a trend not a glitch.

Add that to situation of bank covenants and mkt marking the price to a low....shows its a real problem situation.

Remove the bod imho.

Hawkins. Incompetant self enricher imho.

[buywell3] 05/10/2016 05:27

I do charts/wave patterns

This one is now in a very bad set up

Another wave down is currently underway

If it follows the last one then the share price looks set to go below 4p

ie drop to 25% of the previous high


What has caused/is causing the drop is very simple .... at the present time there exists a very real chance that Vislink is going under

why ? from the latest results :





Going Concern

In the trading statement issued on 6 July 2016, the Group announced that the lower than expected trading performance of Vislink Communication Systems was expected to continue into H2, and that the Group's bankers had agreed to defer the covenant tests until 31 July 2016 (from 30 June 2016).

The deferred covenants at the end of July were waived, however trading for Vislink Communication Systems remains challenging, with the seasonal uplift usually experienced following Q1 not materialising. As a consequence the Group has been in conversation with its bankers.

As at 30 June 2016 net debt was GBP8.8m (cash GBP3.2m and bank debt GBP(12.0)m). Net debt has subsequently increased. The Group is fully utilising its RCF facility and forecasts that it will be in breach of its banking covenants at 30 September 2016, meaning that it is reliant on the ongoing support of its bankers.

In order to assess the appropriateness of preparing the consolidated interim financial information on the going concern basis, management have prepared detailed projections of expected future cash flows out to 31 December 2016 and a higher level review to December 2017, and these have been reviewed by the Board.

Whilst challenging, Management are implementing an improvement plan directed at enabling the business to remain within its borrowing facilities through a combination of actively managing cash, cutting unnecessary expenditure and looking at other sources of finance or disposal opportunities within the Group.

In reaching their decision that the interim results should be prepared on the going concern basis, the Board has considered the forecast covenant breach. If the Group is not in compliance with its financing arrangements, the lender can immediately call for repayment of the loan, and the Group has insufficient cash to repay the secured loan in full without securing additional funding. However, the Group is in constructive discussions with its bankers.

The condition identified above, regarding the ongoing support of the Group's bankers, indicates the existence of a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concern. The consolidated interim financial information does not include the adjustments that would result if the Group was unable to continue as a going concern.

[sharw] 05/10/2016 00:52

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.

[diku] 04/10/2016 20:35

Post 9048...post of the day...they probably thought company might save some money...

Morale of the story not just here but across the Plc casinos...insiders own the company!....& they know it!!...wider shareholders are just a side play thingy...