We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As I predicted before, More dilution of the company to raise fund to pay for themselves. ZK's team and their few chosen closed friends buy those shares at inflated price of 10p among themselves to keep 8PG in the AIM before take it into private hand.
What a time to release this news! when everyone is away on Christmas eve!!
Interesting 1 millions shares for Zafar Karim, 700 thousand for Lord Nicholas Monson, Zafar now has 7.9% of the company and Lord Nicholas has 4%
The March report is old news.
For those wanting a balanced perspective -and you can get this straight from the 4th December RNS for the more recent months ending 30 Sep 2018:
"The operating loss was GBP273,000 (2017: profit GBP253,000). Interest was GBPnil (2017: GBP5,000) as all debt was paid off during the period"
"Current liabilities fell to GBP86,000 (FY2018: GBP287,000) primarily due to the repayment of all debt and associated interest."
"8PG ended the period with GBP6,153,000 (FY2018: GBP6,151,000) of investments, GBP149,000 (FY2018: GBP45,000) of cash, GBP6,306,000 (FY2018: GBP5,990,000) of net assets and GBP6,392,000 (FY2018: GBP6,277,000) of total assets."
IMO current MCap of £1m severely undervalues 8PG at even the most pessimistic of accountants and the upside is massive from here. People take various turns claiming only investment 8PG holds that's worth a bean is X or Y.,.. take your pick.Think about why they're doing it.
From the (31 March 2018) report - would like to see more up-to-date information: "The company is supported by its parent company VirtualStock Holdings Limited. [VHL] have indicated their willingness and ability to support the company for at least 12 months from the date of approval of the financial statements.The directors have also considered the projections and forecasts of the company for the foreseeable future, which indicate that the company will be profitable and therefore able to continue on a going concern basis. The directors are satisfied that the going concern basis is appropriate for the preparation of these financial statements."
Despite the apparent -shall we say- lack of popularity of Zafar Karim, [Shareprophets and Align clearly hate him] Virtualstock has 4 of the Top 5 UK retailers as clients which can't be a bad thing.
Apart from VirtualStock , majority of the holdings are dud.
VS have just filed their March 2018 yearend accounts on companies house but it maybe a couple of days before we can read them. Hopefully they will make good reading.
Needs an update. There should be one soon.
Needs an update. There should be one soon.
Seriously? I dont think so!
With the share price falling like it is by this time next year we can buy 8PG for a fiver and then sack him.
Can any action be taken against Zafar Kareem?
the sp would now be 0.03... at 30p it's a third of its value... give it another year and it'll be 1p again they'll be consolidating them again on a 10:1 basis.
it's the closest i've ever gotten to quantum investing...
Hi durv
VS are due to post their March 2018 year end accounts by the end of this month. Depending on when companies house receive them and the holidays we may have to wait until January. Hopefully they will help lift the gloom on this share.
Any positive news from VS or any of the investment will get the sp well above. Vs alone is worth more than twice. Most of the people here are tied up or small punter. Zaf now has to play his card very well which he hasn’t. Update will be soon , let keep our fingers crossed.
Yes still here, still have a big holding, may have to wait another year or two until Virtualstock floats.
Yes I agree lucky John. It’s terrible to see what has happened. Can’t belive but still have hope as Vs is still there. I have written off all the paper losses anything above 12p will be profit .I have been topping up last week but in very little quantities. Anyway good to see you still here.
6 MILLION worth of assets and a company value of 1.1 MILLION, this share will go up in time.
This is par for course with nearly all my Aim shares but i really thought this was going to come good, but got to the point where i dare not check the share price. That's the last of my saving down the pan usual case ( hype, dilute, delist , company files for bankruptcy.) legalized theft. can anybody verify that if 8pg delist we still have shares in company till he files for bankruptcy. i also have share with TPS that delisted but are still around.
luckyjohn, i agree with you on this. You just commented what I was thinking as well. the fact is 8pg should be around £5m market cap (50p) just based on VS, even if we assume 'ZERO' valuation consideration for the rest of Zaf's ASSsymetrical investment portfolio.....
Virtualstock have just gone into partnership with WorldSync, WorldSync is the leading provider of product content solutions, enabling more than 25,000 global companies in over 60 countries to share trust content. Big news for Virtualstock going global.
This is ready for a take over at 1.07 million at the moment. Virtualstock alone is worth just over 4 million that's at 60 million valuation
Durv, only a few of us are the saviors from LEG medium size investors and soon Zaf will swallow us, having eliminated the desperate small investors (LEG < 500). It is a pity AIM let people like him to continue to operate in the investment communities....
After consolidation, we have nearly lost2/3 of the value.
£1m MC , a worry guys...
why would he want to prove you wrong? you've got more chance of contacting virtualstock and complaining to them about what you consider to be dishonest practice damaging their rep... and even that would merely allow you to vent your spleen...
unless you've got a few £mill to boost the sp yourself and stop the decline i think you just have to accept that this share is a real shttshow and hope for a spike to get out... or cut your loses... or just hope.
never seen such a rampantly worked theft from investors...
At the current price it means that the value of virtualstock has gone down to less than 20 million
From about 60 million. I can not believe that virtualstock has dropped that much in less than
6 months......???????? More news is needed to clarify