VSA Capital Share Discussion Threads

[poombear] 25/1/2012 15:47

Noticed this piece of news (Actually $7.2Mc from a later update) VSA are corporate broker and last year placed around 50% of the shares for Eagle Hill in a similar offering (IBK were also lead broker). VSA not mentioned here, but I expect they will be involved with any shares placed in Europe.

$C7.2M = £4.5M 7% = £315K + Warrants

Worth checking out their daily Coffee Break news on the VSA websites for little titbits of info.

Vancouver, British Columbia - January 11, 2012 (TSX.V: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") is pleased to announce a private placement financing (the "Financing"). The total issuance under the Financing will be up to 36,363,636 flow-through shares at $0.165 per flow-through share (the "Shares"), for gross proceeds of up to $6,000,000.

IBK Capital Corp. is acting as lead agent (the "Agent") on a best efforts basis. The Company will pay the Agent a cash fee equal to 7% of the gross proceeds raised in connection with the Financing. In addition, the Agent will receive agent compensation warrants equal to 7% of the Shares issued (the "Agent's Warrants"). Each Agent's Warrant allows the Agent to acquire one common share of Eagle Hill for a purchase price of $0.165 per share exercisable for 24 months after the closing date

[warpedone] 18/1/2012 19:37

Well I've taken the price jump to get out broadly neutral - I wish all the remaining holders the best of luck but the Evening Standard article yesterday does show the best and worst of Andrew Monk. He's quite possibly the world's greatest salesman, but this bit "Monk, who previously created and then sold Oriel Securities and Blue Oar Securities, said: "Given this is the third time I've created a broking business, I think you could say this shows it's not luck but skill. But VSA is a change in strategy with its focus on resources companies and Asian investors." really stuck in my throat - he was forced out of Oriel in a boardroom coup and was fired from Blue Oar after losing a hostile takeover with what is widely regarded as the worst written defence document in recent years. Whilst he's selling to investors it's good, when he's selling himself as a CEO it's a disaster - watch for the signs!

[poombear] 17/1/2012 11:58

As VSA made a loss of £598K for the six months to September and the additional £1.1M will give them a profit of £500K for the full year, it suggests that they would have made a profit for the 2nd half of the year without the latest deal.

[poombear] 17/1/2012 11:53

THIRD TIME lucky for serial stockbroking chief Andrew Monk, who reckons his latest business, the resources specialist VSA Capital, will be more successful than both his previous firms Oriel Securities and Blue Oar. "My friends are saying, 'this time, Andrew, don't lose it,'" Monk told The Capitalist yesterday.

He was in bullish mood as shares in VSA Capital jumped more than 50 per cent after it said it would post a profit of more than £500,000 this year.

VSA also raised $100m (£65.3m) for oil and gas exploration company New Group from a group of Chinese investors operating out of Hong Kong.

"We have proved we can raise serious amounts of money in Hong Kong and China – that is where the money is," added Monk as chancellor George Osborne embarked on his three-day tour of Asia. "But Rome wasn't built in a day."

[goggin] 16/1/2012 16:57

Yes markt - blood loony bin but you can tell he's a royalist and they tend to have deep pockets- some times very deep. We need people with deep pockets buying shed loads of vsa and you and I my friend will smile all the way to the bank.

[markt] 16/1/2012 16:51

similar to Merchant House
....doubts there about the morality of the acquisition....that maybe everyone was getting a piece of the pie except shareholders....who were perhaps just being used...


...quite risky these micro cap finance companies.....high wages bills and running costs.....(and lots of warrants and dilution and ...options ! already and in the future...and maybe more share issues if need to raise more cash)

just to pay running costs they need a fair amount of business....and if have 6months with little trade at some time in future....then the running costs eats up any cash..and reports a loss which hits share price...

[ukmassy] 16/1/2012 16:21

Why is the spread so high on the share?

[poombear] 16/1/2012 16:18

Markt, I thought the Friday RNS was interesting also.

[markt] 16/1/2012 15:58

...but imho so many of these small cap. brokers/finance companies....

...a high % of the profits end up in the pockets of the directors and managers....high wages...and bonuses if a good year...and then options...
Why pay anything to shareholders if can divide up the gains amongst directors ?

(I've been in some before...was it called Voyager ...then had US branch.....
I think shareholders got 0 in the end)

[poombear] 16/1/2012 15:50

Agreed Goggin, bit of a ego going on there.

[poombear] 16/1/2012 15:08

Todays Evening Standard

[squire007] 16/1/2012 15:07

a little smile ............. ;-)

[goggin] 16/1/2012 10:29

Lets say they do 10 deals / year at 500k / deal and its mostly profit, then that 5m and on a pe of 10 - which is realistic for a business making that kind of profit - then this could conservatively reach a market cap of 50 m but why not more, why not a market cap of 200m if the company is making serious money.
I'm surprised they are not working close to home, particularly Ireland with cgnr, and gal - also Anglesea mining is worth looking at getting involved with. Now with good news, this is the time vsa needs to build momentum and keep the ball rolling, a target has to be to get 4 deals done by June ans some money back in the kitty - then they can ramp up and spread their wings - go to VSA!

[jaygino] 16/1/2012 10:12

I had also written off but and not bothered selling my remaining.
Still ,if a couple of deals like this come through the company could be making considerable profits. With a marketcap below 3m, IMHO they are now potential multi-baggers. Despite previous history, will add a few and see what happens.

[goggin] 16/1/2012 10:10

at this price, in old money / 20 = .0003p, a very long way back to 5p or in todays money £1.00.
with app 44 m shares in issue, this would give a market cap of 44 million so not impossible but still a 20 x time increase in share price from where we are today.
2 - 5 years provided there are no hickups.

[wolterix] 16/1/2012 10:00

I have a few, had written them off tbf

[jaygino] 16/1/2012 09:59

Well already up 55% today, No. 1 on Leader board, and still no comment - did everyone desert the sinking ship or am I the only one left who didnt sell all of his old Formjet shares for a pittance ??

[jaygino] 16/1/2012 07:58

Should see a strong re-rating on the back of that TS - 10p+ fairly quickly IMO