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.
By the 10% dilution, lack of news in all investments, increades pay for our directors (i have no idea why) and also by the total 400m odd warrants that have been issued to ensure any growth in SP remains with those in the know
Contracts depend on client uptake do they? So how does the contract with tesco work ? They only allow suppliers who sign up to the edge ? I dont think so. You might be right with that in the nhs contract but then you dont know the value so how can you.say the base value is negligible ? Are there any minimum spends ? Dont pretent to be in the know when you know nothing. They need certainty that they will turn a profit ? Business is about managing risk. Look the the staff at VS now...big bills for andrew mills and robert knott i cant seem tham working on a click basis lol I am mearly highlighting what i dont like about this firm. I have learnt this during my investment. I didnt know the firm woukd be run like this when i bought it agaonst the interests of smaller shareholders. A disucuusion board is home to both positive and negative thoughts and points of view. If you dont like that maybe forums are not the place for you.
And you! At the end of the day we all just want a decent profit...
Well, at least we are keeping our comments here polite, and for that many thanks even if we have a slight disagreement as to the merits of LEG at the moment. The "pay per click" revenue generator for VS in my view is designed to keep them on their toes. Granted they don't get a massive income from the contracts so far, but of course each one that is secured helps to grow revenue and therefore profit exponentially. Let's see how it all pans out within the next 6 months. I would say that we should be around 0.5p by the year end given the amount of positive news that we are expecting. Good luck to you.
especially as you have opposing views so it looks like you are arguing with yourself :-S
As i said 'super rampy' was a bad choice of words, so apologies for that. (Having a 78 and 79 is messing with my mind btw, it takes at least 10 seconds each time to realise people arent talking to themselves lol)
ps. I'm all for constructive, researched criticism. The problem here is specific poster who only post personal criticism such as 'we are being screwed'. This is neither useful, intelligent or beneficial, other than a mechanism for them to project their own insecurities into the ether of the internet.
Understand you points Drivenout, although in response to being termed superrampy I'd suggest you look at my posts on the valuation of VS and its revenues. Fair value at the moment I see as between where we are now and 0.2p. Some are dissappointed by the sp because they think it should be way higher now, even though VS contracts have negligible base value and are reliant on supplier uptake. I'm quite sceptical about its level of valuation as the revenues they currently generate from the Tesco contract (a larger retailer than John Lewis) are not massive. Also given the pricing model they need transactions to be super high to achieve unicorn status.
All i can do is address your opinions which you are welcome to, would hate to be branded a hypocrite and i should have said overly positive rather than 'super rampy'. The problem is the positive news is almost exclusively funded by VS which means as you say it is PR not in fact news with any real numbers in it like profit which is what matters at the end of the day for me at least. Tech analysis is tech analysis and everyone will have their own view, it doesn't really ;show' anything imo, when used with other things it can be useful but that's all. And regarding the edge we don't 'know' anything, if the debugging or whatever they are calling it now goes badly contracts can and will be broken. The warrants are a big issue, but one of our own making and one that isn't going away anytime soon. If you are saying we need to wait for these to clear before the sp rises we will be here for a long time. I totally agree with you on one point at least. What we don't hear is a lot of PR coming out of LEG, just a lot of wages and this is the disappointing part for me. Again imo but i would say your thread on the other site has gone waaaay too far and is no less ridiculous than the other one (not that it matters but I don't post on either). You have banned everyone that doesn't agree with you which and turned it into the secondary thread there which is sad. This site is good because it isn't controlled by the inmates and people usually eventually get found out and banned. The problem is officially and factually it isn't undervalued and obviously isn't perceived to be by the market at this time. I would probably agree with you that on balance at these levels LEG is on the bull side but imo no-where near enough to say 'significantly' so...
I agree we need a revaluation of VS, and it is overdue. I take issue with your "super rampy" remarks though. The facts are that VS has a huge amount of positive news in the pipeline ready to be released. We know that "The Edge" now will be rolled out across the NHS in due course, we know that they are also in talks with other retailers. Because of the warrant exercising we are in the strange position of being held down by some sellers of their exercised warrants/shares but in the background have a very positive scenario indeed. So, in effect, it can't be "ramping" to point this out. It's a good job that the "Wild West" as you call it has the facility to moderate and ban, because the number of trolls over there is suffocating. As for the articles, if VS are using spendmatters as an outlet, at least they are doing something positive to get their message across, I think they call it PR? Even if the Rives Journal article is the product of a "bot" it has at least pointed out how LEG is so seriously oversold. One of the problems we have in my view is the total lack of PR by Zaf and the LEG board. Another negative (see I can be negative as well as positive) is the lack of news from our other holdings. All in all though, if you weigh up the balance between the bull and bear case, LEG certainly comes out on the bull side and is currently significantly undervalued.
Please don't turn this into a super rampy BB again. It took long enough for CC to get banned. Since then we've been accepting of both positive and negative views, even if its going over old ground, it gets a bit feisty but never shut down. Keep the super ramping to your super moderated thread in the wild west. Anything calling people trolls or any other abuse will be getting reported by me and i would urge anyone else to do the same so it gets removed, it has no place on here imo. You cant honestly say that any of these 'articles' are unbiased and balanced, they just don't reflect the reality and for the moment the market clearly agrees. What we need imo is an official independent valuation of VS which we haven't had for years and probably wont get for a good while...
Super, the points about the bot article and the spendmatters article are valid. Although I think VS use spendmatters as a channel to keep their story in the open realm. As usual I'm still amazed how you can say the following yet remain invested! "...you just look desperate to avoid admitting we are being screwed" If we are being screwed why don't you save your money and move on? Do you drive towards concrete walls shouting about how much you hate crashing?
Are you some kind of joker ? The article from rives is a bot that trawls stocks showing technical indicators. Not one useful pirce of information im afraid. Other thsn the obvious this is oversold, but then we know thst we have a relentless warrant seller. So no surprise eh? As to the spend matters article ? Are you talking about the same article? The one written by VS themselves ? Hardly a surprise to see ramping comments. Is this all you really have to go on?? You seem like a fool. What else ither than ramp, are they going to publish about their own software project? No matter what you say Anyway since the SP performance does the talking and you just look desperate to avoid admitting we are being screwed
Nice one David.
Ban lifted. Welcome back mate and many apologies. Looking forward to your input over there.
I'll take a look. There is a mickluv1 as well. Which one is you?
Hi PP I have tied to contact you on ADVFN as the posts made which lead to my moderation were not posted by me, I still do not know the content of the posts and ADVFN have opened an investigation or to their origins. I write this message in the hope hat you can lift my ban so that I may participate in the discussion. Please note that you can confirm my statement by either contacting ADVFN or reviewing all of my previous post prior to this event and seeing for yourself that I'm not a troll! I appreciate you taking the time to read this and look forward to your response Mick
SNAP!
oversold, it's caught the eye of RIves Journal. Why would such a site bother with a UK penny share? A very interesting piece and intriguing we get a whole article on LEG. A very strong buy at these levels now. http://rivesjournal.com/technical-study-following-indicators-for-legendary-investments-plc-leg-l/184107/
There is no appetite for the shares even at these prices. Buys are pathetic
No way that VS can fail? It WILL be a unicorn because karim said so. In the meantime im happy to find my own news and hold out extra hope for the other LEGENDARY investments that we have. Im happy to watch relentless flogging of warrants isssued to hos mates by the ceo. When VS gers us about 0.25p im sure there wont be an enormous amount of pay related warrants exercised. Investors will all be rewarded with sky high percentage terms.
will obviously have a fairly large and educated readership, but of course the articles didn't (or probably couldn't) mention the fact that LEG hold 7% of VS. Thus, the VS story only gets to certain people, not necessarily those who would want to invest, so part of the problem for us as LEG shareholders is that the fascinating and unfolding story, which is undoubtedly very bullish for LEG eventually, just isn't getting through. VS seem to be doing their bit as far as publicity is concerned, as they appear of quite a few websites, but the PR for LEG is very poor indeed. Just the one holding in VS will possibly totally transform LEG's fortunes but nowhere near enough people are aware of it. We should be trading at a least 4 times our current market level according to house broker Beaufort Securities, and that was on a VS valuation when they procured John Lewis a few months ago. All of a sudden LEG shares could take off when the full story starts to unfold. Not one of my shares will be available at anything like these levels, and I'm looking for an eventual 2.5p here when VS attain their "unicorn" status. And that's just for starters.
Good posts Soup Ive copied the links to ADVFN (aka The Dark Side) Hope you dont mind 🍉
couple of articles. Many thanks soupdragon78. The word "unicorn" once again mentioned. It could well be with what is going on that VS is already valued at far more than many are thinking. Someone on ADVFN said they had to be worth circa £420m for LEG's stake to be valued at 1p per share. The detail in article no. 2 certainly means that LEG shares are seriously undervalued at the moment, and only being kept down by sporadic warrant exercise selling and general impatience because of the recent lack of news. Buying at 0.16p looks to be a positive move given the information in those articles. And that isn't taking into account the other holding that LEG has.