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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Visual Defence | VDI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.00 |
| Top Posts |
|---|
Posted at 22/1/2009 17:14 by m welsh Taken from VDI circular:Date of this Circular 19 December 2008 Latest time for receipt of the completed Letter of 3:00 p.m. (London Time) on 26 January 2009 Transmittal to deposit Shares under the Issuer Bid Latest time and date for receipt of Extraordinary 11:00 a.m. (Toronto Time) on Monday General Meeting Form of Proxy 26 January 2009 Extraordinary General Meeting 11:00 a.m. (Toronto Time) on Wednesday 28 January 2009 Last date Issuer may take up the tendered Shares 5 February 2009 Cancellation of Admission 8:00 a.m. on (London Time) 5 February 2009 Last date Issuer must pay for the tendered Shares 11 February 2009 |
Posted at 15/1/2009 12:50 by m welsh No reply from VDI, so I called Capta on 08716640321, asked if we can hold onto our shares if the de-listing was'nt approved. They said they would look into it and reply within 48hrs, latest Monday morning 19th. The drop dead date !!. Have any of you voted on de-listing or decided to sell your shares !! |
Posted at 13/1/2009 17:18 by m welsh I spoke with barclays on Monday and voted against the de-listing, they informed me I have until 19th to tender my shares. So it looks like you have to reply on both issue's. As for VDI, I've just sent a second email, asking if I agree to tender my shares and the de-listing is not approved, do I have the option to keep them, just waiting for a reply. Don't really expect one. So have to make a decision very soon on my shares |
Posted at 01/12/2008 09:52 by colinhy Visual Defence drops sales forecast againThe Canadian firm said revenue for the year ending December 31 2008 will be approximately C$16m. At September's interims they were expected to be C$20m, down from the C$22m mentioned in a trading statement the previous month. Trading Update - Year Ending December 31, 2008 RICHMOND HILL, ONTARIO - December 01, 2008 - Visual Defence (LSE: VDI) today announces an update on trading for the year ending December 31 2008. The Company expects to report revenues for the year ending December 31, 2008 of approximately $16.0 million CAD, with an operating loss of approximately $4.0 million CAD. The cash position of the Company is expected to be approximately $8.0 million CAD at December 31, 2008. Gross margins are expected to have improved in the period to 40% of sales. While the Company continues to enjoy success in the United Kingdom, Scandinavia and Africa, the overall market for products and projects in the Company's sector has seen delays and deferrals due to prevailing worldwide market conditions resulting in full year revenues below management's previous expectations. The Company has aggressively pursued cost reduction programs including the recent closure of its Vancouver office and a 20% reduction in head office staff. The Company has continued investment in new technologies totalling over approximately $1.9 million CAD for Research and Development during the year to December 31, 2008. The Board believes the measures taken to invest in new technologies, responsibly reduce costs and focus on delivery and customer service will best prepare the Company for the uncertainty in the markets in the year ahead. |
Posted at 24/10/2008 07:58 by rivaldo For my own benefit I thought I'd take another look at VDI's Balance Sheet.To reiterate, VDI's m/cap is just £5.3m with 66.55m shares. At 30/6/08 at CAD2:£1 the tangible NAV was £10m. This included £5.3m of cash and securities and another £4m of trade debtors. Annual revenues are forecast at £10m. At one times sales, plus NAV, VDI could be valued at £20m, or almost four times the current price. |
Posted at 07/10/2008 10:00 by rivaldo The director buying is all we have to go on Par12. It's up to the dealing party to inform VDI if there's been a change in their position - if they haven't bothered to do so (which I know from experience happens a hell of a lot!), then it's not down to VDI to chase and find out so that they can issue an RNS.Good contract news yesterday: "Zurich Airport Accelerates and Simplifies Security Management With Visual Defence's 3C(TM) Solution RICHMOND HILL, Canada, October 6 /PRNewswire/ -- Visual Defence Inc. (LSE: VDI), today announced that Unique (Flughafen Zurich AG) has extended the current license of their Visual Defence VMS (Virtual Matrix System) to the full 3C(TM) solution. The move to 3C(TM) will allow Unique (Flughafen Zurich AG), the operator of Zurich Airport, to connect and fully manage their intelligent video application, public announcement system and security control lines from a single command and control point. Unique (Flughafen Zurich AG) will benefit tremendously from a simplified management process that will deliver an overall improvement in asset management and physical security safety functions. 3C's central management and control engine will serve as an administrator to all devices on the network and facilitate the connection of multiple security subsystems currently in place at the airport including several hundred analog and digital cameras, client systems and Ascom's "SmartVision" analytics system. "The level of trust the management of Zurich Airport places in Visual Defence's 3C(TM) solution is rewarding", says Barry Tal, CEO, Visual Defence. "As a trusted partner we work hard to ensure that Zurich Airport is world class in the level of security it offers its passengers." Unique (Flughafen Zurich AG) and Visual Defence have enjoyed a long and mutually beneficial relationship since the implementation of the VMS in 2004. Today, Visual Defence remains focused on building long-term relationships with clients while expanding their affiliation with key business partners." |
Posted at 19/9/2008 14:55 by rivaldo PAR12, I think you'll find the CEO just bought around 20% of VDI, not 7% - that's why he's gone from 32.9% to 53.4%.There are only 70.65m shares in issue and he bought 14.4m. Judging by the shareholder list I'd guess he's bought BLZ's 12.6% plus maybe HSBC's 4.8% and some more from elsewhere. Whatever, if he's happy to spend £860k on VDI shares that's a pretty good sign! |
Posted at 17/9/2008 19:41 by dasein Rivaldo see note 7 : Joint Venturein the accounts Gives VDI's share of the joint venture revenue as $310k with a net profit of $76k so at least its up and running, if I remember rightly VDI revenues are tied to passenger numbers which are down a tad at the moment, but should increase signicantly when the airport eventually gets TSA clearance |
Posted at 17/9/2008 14:19 by rivaldo Not sure about that adam, just a few bargain hunters maybe?What did you think of the results? VDI now has a £6.7m m/cap, against £10.4m net tangible assets, including a cash/securities pile of £5.6m. Looks like the cash reduction from the year end was mainly due to paying off creditors (plus the trading loss of course). Gross margins were up nicely, although sales were down - I'd guess these are pretty lumpy, though I'd like to know how much the Ivory Coast mega contract is now contributing. With the reductions in costs I'm hopeful that H2 will look pretty reasonable given that VDI appear to still be winning large contracts. So overall I'm happy to hold since the present m/cap would seem to be far too small for the asset base and the potential for the company. |
Posted at 10/8/2008 19:45 by rivaldo Obviously H1 was disappointing. After last H2's operating profit we'd all have hoped for a continuation and/or improvement, but the global economy seems to have put paid to that (I note IND is suffering similarly).Nevertheless: - VDI has a m/cap of just £5.4m at 7.75p - it has £5.3m of cash and another £4m of trade debtors - tangible NAV was around £11.5m at 31/12/07, so should still be well over £10m - the cash and debtor balances are expected to be unchanged at the year end - annual revenues should be £11m And the closure of the Israeli office in favour of the appointment of distributors is a good sign that VDI are well aware their advantageous cash and asset position should be maintained by reducing overheads. As adam says, happy to file this away for potentially still excellent upside. I wonder if the massive airport contract has either meant costs upfront or has distracted VDI slightly from ongoing business? |
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