The MMs cannot hold this down with the pipeline of investments close to realisation - and GOSH! our MCap approaches just £3m - should be nearer £20m but what do I know, I just add up the prospects. Still time to buy in before the realisation really kicks in IMHO.
Legendary’s experienced management team runs a very tight ship. Costs are kept to a minimum and directors’ remuneration is aligned to shareholder returns with out-of-the-money options. Cash remuneration is paid only when investments are realised at a profit. Thats what I like! The first of those options is placed at 0.2p and the next at 0.35p [twice the current shareprice!] - THAT is confidence in your company and the way you are running it IMHO.
Legendary has 7 investments - 4 listed and 3 unlisted: From Beauforts synopsis: Legendary currently has three unlisted investments: VirtualStock is cloud-based software as a service business. Its best in class solution enables retailers to sell products online without the associated costs and risks of holding stock. Legendary’s stake in this exciting company could potentially be worth more than Legendary’s market capitalisation. Value crystallisation could be near to medium term. Bosques Energeticos is a research and innovation led Mexican biodiesel feedstock company, which has achieved many “firsts” in Mexico and is now looking to expand. Again, Legendary’s stake in this company could potentially be worth more than Legendary’s market capitalisation. Manas Minerals is an exploration and development company which has a licence over Padsha Ata in Kyrgyzstan, an area which may contain coal resources of almost US$4 billion. Here are the seeds of big uplifts in our MCap - just beginning to take effect.
Up we go again! The MCap is still tiny compared to the prospects of LEG investments - especially the huge endorsement of VirtualStock from this mornings Tesco release and Morrisons recognition of need to expand their online. Great news and this should actually be rising faster than it is!! All IMHO DYOR - Adastra
To be based on the back of the online increase in Tesco sales as a result of using VS. I expect their phones will be red-hot this morning from retailers wanting to emulate the 14% growth seen by Tesco in the light of falling high street sales. Really strong indicator that VS Edge has been worth the 10 years in the making.
VirtualStock is a 'must have' online facility. The Edge took 10 years to perfect and has been shown to save retailers eg Office Depot 'millions of pounds'. The value of our investment will be rising very strongly yet it is in the books at acquisition cost only - and we have the option to double our stake! Legendary has 7 strong investments but, given the massive move to online shopping and necessity for flow optimisation, VirtualStock is in the spotlight. Look at the effect it has had on Tesco online sales. The orders for its technology should respond accordingly. Any company that can save one of its leads millions of pounds must be worth considerable amount of money. Look at our MCap at only £2.6m and you will see the upside! We are siting on at least one little gold mine with LEG. All IMHO - DYOR and make your own decision as I think there's a lot more to come here. GLA - Adastra
Fantastic endorsement for Legendarys investment VirtualStock - TESCO online Christmas sales just announced o £450m UK online sales in just six weeks, up 14% o Over 3 million online grocery orders, up 11% and 1.5 million online GM orders, And Morrisons who took on VirtualStock in December are realising that it is the key to their future - quote - The difficult market conditions were intensified for Morrisons by the accelerating importance of the online and convenience channels, where Morrisons is currently under-represented, Expect VirtualStock to be hugely in demand given the Tesco effect. Do your ow research and look at the prospects for growth here.
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