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It is an investment company. And he already raised 1m in a placing. Can you tell me where that 1m pounds sterling went ? It doesn't look to me like you got many investments out of it ? I may be wrong so I will wait for your reply....what investments did you get from the 1m placing.?
This is a investment company, so he will issue more shares for his wages and admin, but looking now at the investments now, we are well under valued. So i would say that this is a great opportunity to invest, for the future gains over the next 12 to 18 months.
"Zaf is out iy seems he is doing his best to make the SP soar" Really durv? You are trading below NAV because zaf spends 200k a year on admin travel and dinners.. The sp is within 5% if the level it was in 2012. Err ok "go zaffarullah" By the way, LEG is broke.theyhave no money left. Oh yes and the OWE 275k to alcazar1 pte lol Never mond eh...propbaby issue a few mores shares to cover all that dross
https://www.linkedin.com/pulse/getting-closer-edge-zoe-tomkins
Vs is hiring people . Wincanton nearly 3rd largest transport company adapting Vs for free. Haha . 66m valuation if Vs double their valuation then that 30 time is around 60 time and so on which we are clearly seeing . Don’t forget the Wincanton vast coustomer and other competers who would follow as other retailer did after Tesco. Zaf is out it seems he is doing his best to get the Sp soar . Then yes, next step might be to think.
Vs is hiring people. Ummmm
Why would somebody with brain loose their sleep. Help who are in need. Trying to ruin the whole system by guessing false statement and forced to accept.. I feel sorry for some for them. Complete losers . Raise yourself and move forward.
Thanks Sp78. More high profile with experienced coming on board. There must be something going on. Rob Knott is still with VS which make clear now to few of them wrong that he left due to no future of VS. GlA
VS Press release welcoming James Thirkill. Rob Knott is still on board. http://www.virtualstock.co.uk/assets/James-Thirkill-Appointment-Press-Release-FINAL-17.01.181.pdf
The wincanton deal a partnership for VS and later on calls it a contract, which is it because it doesn't look like income to me an VS are a loss maker. Why didn't he exit at 66m valuation Should have sold to notion. If you don't cash out on a 30x investment when do.you cash out ? When you have milked the value out for yourself over a decade ?
Crap he spoke in that interview. Something about not booking forward looking valuations to the balance sheet ? 2 mins later he harps on about how he has just made 850k on IBS and can't wait to add it to the balance sheet (that will make 5m balance sheet he says) So your not thinking about booking fwd valuations to the book eh? Not even 850k of an idea thst has no cash no licence and no customers. But net 850k Sorry but this guy has no cred at all. Fails to mention his massaged accounts and mounting losses on investments. Lack of inco e and expiring loan.
Just listened to zag with Zak. I prefer the private sale option for vs. The wincanton deal will have raised the bar for exposure. Plenty of big platform companies would like to get hold of vs customer base.
one thing he did say is that the market is looking backward on LEG SP to a valuation of 25m for VS and not forward to the 66m value with Norton investment and X 10 with the Wincanton TIE UP ZAF believe VS could be worth over 600m if the true valuation was reflected OFF TOPIC..... LOL''' DURV hope your sleeping a lot better after listening to VOX the other day and now hearing it from the horses mouth on LSE VIDEO ...LOL''' indeed
Many thanks for your reply, think I'll leave it for now as too many variables plus I hate dilution. Regards AJ
AJ Not sure if your question is tongue-in-cheek or serious. If you're serious the simple answer is dilution. The model of LEG is to invest in 5 companies and hope that 1 becomes a 10-bagger. At this moment VS is that 10-bagger and all the others have a way to go before we see any returns. Without any income from any of those investments the only way for LEG to keep operating is to expect people to work for nothing or issue placings therefore diluting the value of shares already in circulation. GLA
IO I suppose we have different views on investments in general. Im not interested in waiting for VS to start paying a return, Im only interested in making a profit by selling my LEG shares. If/when VS float (or get taken over) it will be at a certain value. LEG shares at that point will hopefully reflect that value and I aim to be out on just the news of a potential float. Ive no idea what will happen at the float, I suppose LEG will get 7.2% of the value of VS or retain VS shares equivalent to that value? If LEG receive money there is no guarantee the Zaf will pay us a divi, he may just use it to invest in another company. I'm not interested in waiting for that to happen. If the float values VS at say �1bn, LEG shares could be trading at 2p and at that price I will be sailing my yacht on the Mediterranean Thought it would have been a busy day on here today, just shows I know nothing. GLA
If it will possibly take 5 years to float VS how will they gain income to keep Legendary afloat until then. The video did not convince me that there is a backup plan to sustain LEG into the distant future, all thoughts welcome.
S-T-M - if you watch ZK even he states that the earliest exit he expects is 18 months, but that the VCs will be looking at a return within 5 years (around 7:55 on the video).
My argument about timing is based on the assumption that the VS Board will seek to maximise value in any sale. Heading to the Exit too early will leave far too much value on the table. Notion are a professional B2B SaaS investor who will look for 7-10x returns on their investment over 3-5 years (hence my view on timescales), which means an exit valuation of �550m-780m (fully diluted). Assuming a 10x of forward looking revenue this would require VS to be credibly forecasting �55-75m revenues. I think they are a way away from that at the moment. I completely agree that LEG are a one trick pony, and I think ZK got lucky with VS - although credit too him that he did take the risk and buy in early. I also don't believe he has any great insight into the business as VS seem to run a very tight news cycle. Also, if the VS Board are as good as their bios suggest then they won't associate too closely with ZK. Full disclosure - I got in at 0.12 and got out at 0.34 a long time ago - now watching and biding my time - but I agree that with VS this stock has potential.
on here has been good over the past couple of days compared to recent weeks. Nice to see some positivity for a change. The other board has been even worse lol. Virtual stock is why we are here, it's all or nothing, regardless of how Zaf runs this company and the varied opinions of him, if VS realises it's true potential and Zaf doesn't dilute too much I won't care. We will all be happy in the long run :)
So the floatation talk is backed up again. S T M, I’m in total agreement with everything you said there. I hope the other investments do well but just look at the vs publicity now compared to 2 years ago. You don’t sign up the client list they’ve got without a great offering and even with a great offering it’s seriously tricky. I’m of the belief that they will be valued nearer a billion dollars when they float as software companies tend to have high multiples.
Interview with Zak Mir on ZakTradersCafe with Zaf Karim IBS could be worth millions once the licence is through and Virtualstock looking to be a billion pound company in the next 3 to 5 years, looking to float in 18 months.
New interview with the CEO on Zak Mirs Traders Cafe Youtube channel. https://www.youtube.com/watch?time_continue=5&v=glaZ9pDOqfs
IO I wasnt point-scoring, so sorry if you think that but when you make comments like the ones below I reserve to right to question them. 1) I don't believe Zaf knows any more that is in the public domain. 2) I am optimistic about VS prospects, but there are 3 to 4 years to run before they are ready to exit. I think comment 1 is very demeaning on LEG's director and while you may not like what he has done or is doing I believe you are being very unfair. He has got us a 7.2% share in VS and deserves some credit for that. You have already agreed with me that Mill's stated "VS plans to float, on the public market in the next 18 months, most likely on NASDAQ exchange" That was last July so we COULD see them float this year and therefore I dont follow your 3-4 years comment. For the record I believe LEG is currently a one-trick-pony with its investment in VS but that alone has the possibility of valuing LEG at quadrouple todays price. Any other investments we have are, to me, just a bonus.
After listening to the podcast, he values Virtualstock at 240m that would make LEG value at .52 just on one investment, that's four times what we are worth at the moment. Looking good