Visual Defence Share Discussion Threads

[par12] 06/11/2008 14:33

EVERY TIME you guys post the share price drops 10% :0(

[stevemarkus] 06/11/2008 12:30

Hi. No, not depressed at all really, until I think what my portfolio was worth in June last year ! Fortunately I did sell quite a bit of stuff then and have been gradually buying back into oversold situations - of course, my perception of what 'cheap' means has changed along with the market. However, a number of things are starting to come good and I'm confident for the medium to long term, and happy to ride out the short term, together with a bit of trading on some of the FTSE250 stocks which seems to be working out OK in general.

Keep the faith!
Steve.

[rivaldo] 05/11/2008 10:33

Looks like a nice 100k buy here at 7.75p yesterday (and a 20k too).

Hi Steve - markets have been dire, but fortunately I'm busy with other projects to worry overmuch, and a bit of shorting on the side has come in handy. My portfolio is pretty defensive in terms of cash/asset backing etc, so not hit as badly as many methinks (though I am weighted towards smaller caps) - hope you're also not too depressed!

On a £5m m/cap at a big discount to cash and debtors I'm hopeful that all the director buying and company buybacks will give rise to interesting times here.

[stevemarkus] 24/10/2008 08:36

ALways good to hear, rivaldo, in these 'interesting times'. Hope all is going as well as can be expected.

Cheers,
Steve.

[rivaldo] 24/10/2008 07:58

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.

[rivaldo] 20/10/2008 19:21

But any good news could quickly move the price back up to 15p given the lack of liquidity and the loose shares having been mopped up.

Good news:



"Visual Defence Inc. Renews Gold Certified Status in Microsoft Partner Program

By: PR Newswire
Oct. 20, 2008 08:01 AM

Visual Defence Inc. Distinguishes Itself with Microsoft Competencies in
ISV/Vendor, Data Management and Custom Development Solutions

RICHMOND HILL, ON, Oct. 20 /PRNewswire/ - Visual Defence Inc. (LSE: VDI) today announced it has renewed its Gold Certified status in the Microsoft Partner Program with competencies in ISV/Vendor, Data Management and Custom Development Solutions. As a Gold Certified partner, Visual Defence has demonstrated expertise with Microsoft technologies, certified professionals to support the solutions and customer references to prove our ability to meet customers' needs.

As a leading supplier of customized security solutions, Visual Defence works with other system integration and installation partners to provide advanced security solutions for leading government, airport, mass transit and commercial clients around the world. Visual Defence's many years of experience has resulted in an ability to turn functionality and interoperability requirements into intelligent, scalable and easy-to-manage solutions that provide end-users with the security insight they need to improve operations and effectively prevent and mitigate risk. Some customers who have trusted their security to Visual Defence over the years include the British Airport Authority (BAA), Stockholm Public Transport (SL), the Israeli Defense Forces (IDF), US Army National Guard, Massachusetts Bay Transportation Authority (MBTA), Unique Zurich Airport (Flughafen Zurich AG) and the Lester B. Pearson International Airport (GTAA).

"We are thrilled to have renewed our Gold Certified status in the Microsoft Partner Program. This allows us to clearly promote our expertise and leverage our relationship with Microsoft to the benefit of our customers," said Barry (Oved) Tal, Chief Executive Officer.

Competencies in the Microsoft Partner Program are designed to help differentiate a partner's capabilities within a specific Microsoft technology to customers looking for a particular type of solution. Each competency has a unique set of requirements and benefits each formulated to accurately emphasize the specific skills and services of each partner.

Microsoft Gold Certified Partners in the ISV Solutions Competency have traditionally had a successful record of developing and marketing packaged solutions based on Microsoft stack.

Under the Data Management Solution Competency partners demonstrate their proven expertise in implementing SQL Server solutions that feature data warehousing, online analytical processing, data mining, and decision making support.

The Custom Development Solutions Competency places emphasis on Microsoft Visual Studio, and is designed for partners who provide unique customer solutions through software development, application quality assurance (testing) and application architecture.

Launched in December 2003, the Microsoft Partner Program represents Microsoft's ongoing commitment to the success of their partners worldwide. The program offers a single, integrated partnering framework that recognizes a partner's expertise and rewards the total impact that partners have in the technology marketplace."

[williebiz] 16/10/2008 20:06

Trouble is, 10p/share from here is good progress

[dasein] 16/10/2008 19:51

a nice blue website riv..just like the share price today :-))

[par12] 16/10/2008 19:26

This could easily be 60p a share or MCAP 20 mil

[rivaldo] 16/10/2008 19:21

Looking rather healthy now considering the markets.

I hadn't seen this before and suspect it's pretty new? Avisecure have a web site now, and there's a summation of what VDI are doing in Abidjan - sounds like it's well under way:

[par12] 16/10/2008 15:52

BUT selling returns

[par12] 16/10/2008 15:45

LOL what a difference a day makes !!

[rivaldo] 16/10/2008 15:40

Yep - thirteenth on the top risers list today! All three trades are buys, including one at the full 9p offer.

After all the recent transactions there can't be anyone left who wants to sell :o))

[stevemarkus] 16/10/2008 15:13

Nice to see this go up on a day like this. Just about my only riser....

Keep the faith,
Steve.

[rivaldo] 16/10/2008 09:25

Nice 70k buy today did the trick nicely.

Hi mesquida, ta for the flattery! TBH I wouldn't say no to 20p in the current market as it would represent a terrific profit, though I would say it undervalued the company given the Balance Sheet and the prospects.

Your concern about the concentrated ownership and a consequent lowball offer is on the button. All I can say is that - in my experience only - such concerns rarely manifest themselves. Some of my best investments have been where ownership is tight and liquidity low. In most cases the debate has been the same and I have ended up doing OK.

I think where a business is struggling and needs to go off-market to save costs and consolidate there is a worry. But in VDI's case its fundamentals, cash position etc are VERY strong, its markets are growing, it has new products to promote - and a PLC listing is imo vital in reassuring its multinational and government/local authority client base of its viability.

Hey, I could be wrong. In which case all those recent company buybacks and director buys have at least set a base price for a takeover at say 13p-15p, which would be dandy for those buying in now.

[iain123] 16/10/2008 09:04

That crossed my mind aswell mesquida.....

[mesquida] 15/10/2008 17:42

Sorry to be a party pooper but is it not possible that the Company continues to buy in stock to such an extent that the Board end up holding say 80% at which point they decide that it is not worth maintaining the quote and consequently make us a derisory offer which we all feel pressured into taking because the alternative is to get stuck in an unqouted situation. Or alternatively a bull might argue that with 80% under their belts the marginal cost of taking out the minority at a generous premium ( say 20 p per share ) would not actually be that much and it would not leave a sour taste in the market which in the longer term might be a consideration. If I knew which way they were likely to jump I would either be buying everything that came on offer, or alternatively selling out whilst the Company still has its broker standing in the market. Rivaldo, you talk a lot of sense normally, what do you think?

[par12] 15/10/2008 10:43

Yep my view is let em buy em and cancel em;

[rivaldo] 15/10/2008 10:00

100k just bought at 8p - there's another 0.015% of the company in safe hands :o))

[williebiz] 14/10/2008 20:31

worth keeping on the radar screen

[rivaldo] 14/10/2008 20:25

Another buyback today - 250k shares at 7.5p.

Amazing to think that VDI and its directors have in the last month bought 21.4m shares - around 30% of the total shares in issue!

That's an awful lot of money to throw around. That sort of confidence surely means good news coming at some stage?

[par12] 13/10/2008 15:53

As long as BLZ never sold out; then this is amazing news; But I find it so strange to see people selling at these levels !!

[rivaldo] 13/10/2008 15:50

VDI certainly don't do things by halves - 3.85m shares bought back (and cancelled) at 7.5p, i.e 5.45% of the share capital.

Mesquida, I made a fortune in FDP where the CEO at one time owned 89%, and still holds almost 80% from memory. It doesn't really make much difference. If a quote is deemed a good thing for public profile etc (which I think it is in this case) then the buyback and the increasing director ownership here are simply signs of hopefully better things to come.

[mesquida] 10/10/2008 18:04

So Barry Tal´s percentage of the equity edges higher as a result of the Company buying in stock. Theoretically the Company could buy in a lot more stock - question is what happens should Barry Tal´s percentage stake consequently rise to say 75% - there presumably comes a point where it is just not worth keeping the quote.

[par12] 08/10/2008 22:36

here is the answer to our question