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Legendary Inv. Share Chat (LEG)

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Share Price: 0.115Bid: 0.10Ask: 0.13Change: 0.00 (0.00%)No Movement on Legendary Inv.
Spread: 0.03Spread as %: 30.00%Open: 0.115High: 0.115Low: 0.115Yesterday’s Close: 0.115


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ClimateChange
Posts: 1,246
Research
Opinion:No Opinion
Price:0.115
Update from VS within 19 days
Sun 13:48
In the CEO interview on YouTube dated 4/12/15 he said " I would be very surprised if we didn't get updateS from Virtualstock within the next 3 to 6 months OR even in the next 3 months .... That will make the current valuation (£58m mkt cap) OUTDATED " .

Also he says that VS has increased 135% in the last 18 months and he expects it to increase a lot more in the next 18 months because it's at that point of a j curve where it's about to go horizontal .

Our stake in VS alone is currently worth 0.18p , so if we say VS will increase 500-1000% (very achievable) then we are looking at share price of 0.9p to 1.8p at some point next year (maybe sooner) .

Our CEO knows it's a done deal with the NHS and that's why he says "VS can easily become a unicorn company " (meaning that it could have a $1 billion mkt cap" and we own 7 % of it .

DYOR
 
tank1
Posts: 213
Off Topic
Opinion:No Opinion
Price:0.115
Interesting
Sun 10:47
http://www.bbc.co.uk/news/health-35514382
The government are certainly trying to move the whole NHS IT systems forward.
Hopefully news of a VS multi-million £ contract with the NHS will be confirmed/announced soon which must surely see the sp of leg rise to give us investors a very.very handsome profit.
ClimateChange
Posts: 1,246
Research
Opinion:No Opinion
Price:0.115
From VS website :-
Sat 21:57
Lord Carter of Coles published his interim report for the ‘Review of Operational Productivity in NHS providers’ in June 2015.

The ambition of this review and the prize it seeks is huge. Based on the data so far available he believes that savings of up to £5bn per annum could be realised by 2020, with optimisation of procurement contributing at least £1bn of savings, and more if electronic procurement is used to reduce holding levels and wastage of pharmaceuticals.

Just considering procurement of everyday consumables, high-value medical devices and common goods & services it is clear that there is huge price variability (>35% in some cases), real challenges in invoice matching (18% matching across the cohort of 20 hospitals surveyed) and ineffective catalogue management (500,000 items vs best practice of 6,000 - 9,000 items).

His recommendations in this area are clear; implement an Adjusted Treatment Index to measure performance, develop a ‘model NHS hospital’ framework that describes best practice, optimise pharmacy while maintaining or improving patient outcomes and develop an effective and efficient approach to catalogue management.

But he also recognises that change must come from the within the NHS itself, supported by, but not led from the centre.

That’s where Virtualstock’s The Edge comes in.

We are working with the NHS’ largest teaching hospital to transform their Purchase To Pay process, delivering control, compliance and an optimised catalogue.

The first phase will enrol the catalogues and prices of their largest suppliers, which will cover around 60% of their consumables spend. This will be followed by enrolling the long tail of smaller suppliers, allowing them to make their full ranges available.

Requisitioners and category managers will have rich product data, price transparency and product availability information at their finger tips so that they can make the best purchasing decisions.

The second phase will be to open up the platform for order management, which will give all stakeholders end to end visibility of the supply chain, order status and procurement performance.

 

However, once suppliers have loaded their catalogues these can then be exposed to any other NHS Trust that they supply or indeed want to supply. And any NHS Trust can discover new suppliers.

Virtualstock’s The Edge, delivering cost effective and scaleable change, led from within the Trusts themselves, ensuring best practice and best prices at the point of purchase.

And without IT change on the critical path.
ClimateChange
Posts: 1,246
Research
Opinion:No Opinion
Price:0.115
From Lord Carter report :-
Fri 20:56
We believe the quickest way to solve the problem of poor procurement data on prices and volumes is to accelerate the implementation of a single NHS electronic catalogue, and so we have been working on a national solution.

NATIONAL SOLUTION = (contract with VS for 1200 hospitals country wide using the edge tech) IMHO .
ClimateChange
Posts: 1,246
Research
Opinion:Strong Buy
Price:0.115
Note is says the following :-
Fri 20:11
We have PERSUED A RETAIL TYPE MODEL !!! (VS has the best retail model and that's why Tesco use it etc .)

+

We HAVE ALREADY TAKEN STEPS TO ADDRESS and WILL EXPLORE how we can align with global best practice . (talking to VS about a country wide contract) .

10-20% NHS SAVINGS on everyday consumables bill (the NHS cant afford NOT to get involved with VS technology)

JOIN THE DOTS AND BUY AS MANY AS YOU CAN BEFORE THE NEWS COMES OUT IMHO DYOR
ClimateChange
Posts: 1,246
Research
Opinion:No Opinion
Price:0.115
From Lord Carter report
Fri 19:56
We also know inventory management practices and the adoption of electronic catalogue systems vary significantly across hospitals, with both good and bad practice. This makes it difficult to obtain reliable information on volumes of products used
by hospitals thereby negating meaningful comparisons using the ATI metric. However, we do believe there are greater savings to be had by managing the demand for products through better inventory management rather than price reductions. And we do think a target of £500m – 1bn savings on the £9bn procurement spend is realistic.
Every day Consumables
In the procurement of supplies we know that global best practice for everyday consumables is a catalogue of around 6,000 – 9,000 product lines with price variances of 1-2%. In the NHS it is as much as 500,000 lines with price differences sometimes over 35%.
We also know that hospital systems around the world have strong adherence to a ‘core list’ of products with compliance levels of over 90%. Furthermore, if any product is changed on the list, compliance levels of over 80% are achieved within a month of implementation. In a devolved NHS we
do not have this level of compliance with hospitals making their own decisions about what they want to use – thus reducing the opportunity to use NHS purchasing muscle with suppliers.
The NHS Supply Chain contract was not set up to deliver this kind of approach. Instead we have pursued a retail type model without commitment from hospitals which has led
to the proliferation of products used across the NHS. We have already taken steps to address and will explore how we can align with global best practice. We have been working with Chief Nursing staff across the NHS and the Royal College of Nursing to see if we can agree a radically reduced range
of products to be channelled through NHS Supply Chain. Early indications are that such an approach will deliver 10-20% savings on the NHS everyday consumables bill.
Mbudgen
Posts: 563
Off Topic
Opinion:Strong Buy
Price:0.115
RE: VS & NHS
Fri 16:12
Don't you just get that feeing that things are picking up a bit here imho. (-:
ClimateChange
Posts: 1,246
Off Topic
Opinion:No Opinion
Price:0.115
RE: VS & NHS
Fri 15:48
Nice research , here's the bit I like :-

Creating a tightly controlled SINGLE NHS ELECTRONIC CATALOGUE for products purchased by hospitals !!!

In other words VS technology In Hospitals country wide to save £ .

That's why VS signed the x NHS of PROCURMENT "Rob Knott" and the x Samsung global director "Andrew Mills" who grew sales from 1-4 billion .

No one knows the NHS like Rob and Andrew is there for the billion £ deals that VS will get .

IMHO
Sayitlikeitis
Posts: 8
Off Topic
Opinion:No Opinion
Price:0.115
VS & NHS
Fri 15:02
Check out this research:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/434202/carter-interim-report.pdf
Lord Carter makes it pretty obvious that new software is going to save the NHS billions. As far as I know there isn't anyone else in the running to deliver what he repeatedly refers to in this report, and VS are already in St Thomas and Guys Hospitals. It's looking very good for VS, but they will stay very quiet until the deal is done with NHS, so be patient for news
ClimateChange
Posts: 1,246
Off Topic
Opinion:No Opinion
Price:0.115
RE: nothing to sell?
Fri 13:28
In the last 18 months VS has grown 135% and our CEO said that it will grow a hell of a lot more in the next 18 months because it's at that point of j curve where it goes horizontal .

So if VS mkt cap increases 500% -1000% in the next 18 months (very achievable) then legendary will be worth 0.9p - 1.8p and that's not including any of our other investments .

DYOR




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