My sentiment entirely - I have been in contact with the BoD regarding update. Sharky007 - yep I'm sure we did as Zafar is actively on the AMED BoD. I'm also sure we've loaded up with more SULA at a discounted price - and these are only 2 of the quoted shares. Roll on VS news - then we'll see blue! The clock is ticking and VS must be close to announcing IPO very soon IMHO.
I have no idea when the bounce to a sensible value will occur, suffice to say that it is IMHO highly likely in the near future. VirtualStock was looking at a float on AIM this year and the fact that they have saved Office Depot 'millions of pounds' and now have Tesco and Morrisons on board vindicates that AND a fairly weighty valuation. One RNS will transform the asset value of this unquoted stock. The directors remuneration is almost totally dependent on their share options priced at 0.2p and 0.35p kicking in. That means, to get any money the price must rise 'substantially' above 0.2p and then 0.35p. I am no rocket scientist, but I strongly suspect that they have realistic valuations in mind for the total value of LEG investee companies. I expect that to be in pence, not fractions of pence. DYOR and check out the companies in which we hold shares. Two unquoteds are in first-mover disruptive technologies, the other sits on huge untapped coal reserves. One of the quoted shares (AMED) is in mega million discussions in rig building in Singapore and China - plus it received 50% of its investment back in an interim dividend from MGR commodities trader (soaring). Do I think that Legendary could multibag many times from here? IMHO - strongly Yes, the price does not reflect any real value gained in the past 12 months, that's why I'm holding 10m shares and awaiting news. My patience will be rewarded 'Virtually' overnight.
High Returns through Proactive Investment in Growth Companies Legendary is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.Typically, Legendary invests in small companies that are in sectors exhibiting long term growth. Examples of such sectors include technology, energy, natural resources and mining. The companies must also have the potential and catalysts for value appreciation and value realisation.Legendary is incorporated in the UK, which is its principal country of operation.
whats your views on a bounce via weekend this has clearly been shorted today
the big question going forward what i am thinking will Bruce Rowan who holds 24% take his option on 200m+ at 0.16 which is due to expire on 7 March. exciting year ahead for leg 2014 could be the re-rate we have all been waiting for, good investments here, the last rns not much on news but good to know the bio fuel investment is still going strong.
I disagree strongly. Check my previous posts. The valuation of quoted shares at the half year was at a cyclical low. Many have improved markedly eg AMED. VirtualStock, Bosques and Mannas are all unquoted and have the great potential to individually exceed the current share price AND all are in the books AT COST! Also disagree with your vision of management as they are proactive and excellent being involved in all investee companies - hands-on. They are paid in out-of-the-money options so no price rise no pay! Go to the LEG website, check the companies and also check the 3 research documents from Beaufort. Quoted AMED also has huge potential - we have 19m shares and have probably increased our holding recently in current offering as we have one director very actively involved. I think you are totally missing the huge added value component in Legendary otherwise why would the directors elect to be remunerated in options that only kick in at 0.2p and 0.35p?? They are no fools and know the value of the investee stocks - particularly the unquoteds. VS should float on AIM this year - the IPO should show our investment to be around our current MCap IMHO. Just one RNS is all it will take, hence my comment that this is a steal at this price.
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