Visual Defence Share Discussion Threads

[rajauk] 30/7/2007 13:29

With the benefit of hindsight, it is clear it was a mistake to announce a yet to be done deal.
But I think it may have been announced through necessity. We all know the chairman bought a massive amount of shares recentily, if they had not announced this expected deal, and chairman bought mnassivily and later it was announced they had signed this deal? Wouldn't there have been a case for inside trading? and all the roblems that come with it?
But it does seem it taking a massive amount of time just to finalise the deal and this is creating uncertainity. I feel they, either way need to inform the market one way or other as to what is going on?

Raja

[arthurly] 30/7/2007 09:31

sp slithering further now. Where's that airport contract ???

[par12] 28/7/2007 09:56

I am biting my nails every weekday !!

[rivaldo] 26/7/2007 09:29

Yep. Funnily enough I was just thinking how relatively solid the price had been given the climb from the lows, the poor markets and the fickleness of PIs!

VDI made a BIG mistake imo in naming a date by which the contract was expected to be signed. These things take time (copyright The Smiths) and usually longer than expected, especially a huge deal like this. But the core business seems to be doing very nicely, so I'm happy to wait for things to happen as and when.

Interestingly VDI have revamped their web site. This is normally a good sign as it's often a harbinger of bigger things to come in my experience. I see there's a show in Las Vegas coming up in September:

[masurenguy] 26/7/2007 08:39

"In addition, I am pleased to announce the company is in receipt of a signed a
letter of intent and is now in the final stages of contract negotiations with a
government airport authority for a 25-year Build-Operate-Transfer (BOT) security operations project. The BOT project, to be carried out with a Canadian partner, will enhance both physical security infrastructure and daily operations at the airport. Costs to implement the security project will be covered by the introduction of a security tax by the government airport authority concerned that will be applied to every passenger passing through the airport. The contract is expected to be signed before June 30, 2007."

News nearly a month overdue now and the price is drifting down as a result !

[par12] 16/7/2007 09:57

We have climbed the mountain for the terminal 5 contract lets not fall off before the news is announced !!

[rivaldo] 13/7/2007 10:13

Good find as usual Tole. And a tick up on the offer for no apparent reason? Where's that airport contract then...

Interesting quote above from the Clipper Group, who were part of "the Arkansas Best Corporation, a multi-billion dollar company", but were last year acquired by Wheels Group:

[vida] 12/7/2007 07:42

You are of course right. Suggests a strong move when it happens, as normal volume is so low.

[masurenguy] 12/7/2007 07:37

Need positive contract news to trigger the latter !

[vida] 12/7/2007 06:58

For those of a charting bent (which I am not really), we have just seen a golden cross and the bollinger bands are now rather tight indicating a large movement one way or the other. I guess up!

[ponty2] 06/7/2007 00:26

That 150k buy was X trade Agence Cross
hopefully getting ready for the big news

[rivaldo] 05/7/2007 15:21

Nice 150k buy at 23p while we wait.

[rambutan2] 04/7/2007 22:32

stegrego, how very true.

[stegrego] 04/7/2007 21:23

When news is expected it generally never comes when its supposed to.

When was the last time a share you held delivered some 'expected' news on time?

Also, more often than not, I find that the shareprice doesnt react like people 'expect' it to either.

Its 'unexpected' news that really moves a shareprice

[vida] 04/7/2007 12:25

I believe it's late, not cancelled. Am thinking of adding more. Recent contract wins are good. I would be worried if nothing within 2 months. It said "expected" to be signed, not will be signed. A contract like that takes months to negotiate, and a letter of intent to me indicates that it's serious, as it's unlikely that an LOI for a 25 year contract will be one of the worthless types. Time will tell.

[ponty2] 04/7/2007 12:12

Its a long wait,have sold half my holding,they could have told us one way our another

[masurenguy] 04/7/2007 11:53

"In addition, I am pleased to announce the company is in receipt of a signed a
letter of intent and is now in the final stages of contract negotiations with a
government airport authority for a 25-year Build-Operate-Transfer (BOT) security operations project. The BOT project, to be carried out with a Canadian partner, will enhance both physical security infrastructure and daily operations at the airport. Costs to implement the security project will be covered by the introduction of a security tax by the government airport authority concerned that will be applied to every passenger passing through the airport. The contract is expected to be signed before June 30, 2007."

Still no news - just overdue or could there be a problem ?

[ponty2] 02/7/2007 08:47

hopefully the big one is still to come

[dasein] 30/6/2007 00:29

nice find dibbs...dunno stegrego they have mentioned fairly large contract wins before as rnsnon's



This article implies a figure of $4 million..

Reckon it was a timely release to distract us from the big one

[stegrego] 29/6/2007 23:19

Notice the announcement was a RNSNON - so isnt a huge deal

[dibbs] 29/6/2007 22:39

pdf page 40 and 41 worth a glance. Secured station + yard initiatives. $12 million budget 2007-2011, don't know how much VDI will see, but I reckon todays RNS relates to this?

Dibbs

[masurenguy] 29/6/2007 14:37

You're probably right - some 6M shares traded already today including some very large X trades !