The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
i am out for now, might dip in later
It's pretty simple though superlucky and kenner, he's not twisting your arm to be in this stock, he's demanding you hold this. If you want exposure to VS then you have to own LEG. If you don't then sell up. He hasn't changed anything in years, I'm a LTH and i've seen that all you do is moan on this website, if you're really upset, sell on the next uptick (inevitable with news) and get into something that you think is a smarter decision...tired of same old rants.
Have to let ceo were not happy. Charging to much for what he does never any Rns it's to early to mention everything. Sorrrryyyy
not on your own, there just isn't much to add to what you've said imo. The situation here is pretty obvious to all sensible holders and we can only hope it eventually goes the right way...
Problem we have is the ceo. He has to get paid and the money he gets is killing us. That's why we get hit by dilution s. Vs has to pull something out of the hat soon or. Use your own imagination. We are all in the shi# with this share so stop the ramping.
im on my own slightly I guess.... I will just stick to posting lthings like "load up" "this is going one way" and "I wouldn't want to be out of this, or they want your shares.......
Well you are asking questions! We can go on about warrants and remuneration blah de blah but VS - I think - bottom line - is going to be a big winner.
the sad thing with the warrants is that they would be good for shareholders if we actually saw a consistent rise in value. Here we are just having funds sucked out by Karim, I don't know why he hasn't made any investment at all since raising 1m and diluting us by 10%. The 1m raise was supposed to be for investments ? What investments ? where has that gone ? he has already increased his pay out of it and now we are looking at warrants with 50% discount diluting further. all the time, no new investments, no news on the existing ones and no communication on VS other than what we are able to gleen for ourselves through NHS journals and the mill. Im just surprised there are not more people asking questions.
the way I understand the warrants Directors grant the warrants (in this case to themselves) at a given price. The company is obliged to sell those shares to the warrant holder at a later date ( I don't know if warrants expire ? ) When the warrants are exercised, the company has to issue shares to grant warrant. If there are no shares, the company has to buy them (either buy them or issue new ones, it still costs the same amount right, either cash loss or dilution.) In this case we have no shares in treasury so had to issue new shares, therefore diluting everyone. As soon as the shares are issued, they can be sold on the open market by the warrant holder who now owns them. This is what I think has happened with LEG, I think an insider sold their warrants andthen checked the whole lot in on AMED. for their own personal stake. Call it another form of pay if you like. From previos RNS I can see that Karim has awarded himself a lot of warrants, some more exist at 0.25 and 0.35, he took the warrants in lieu of pay when he used to state that his interests were aligned with shareholders. He then changed that stance to awarding himself payrises and diluting holders at will. End lol
Super Im not sure if Im understanding this 32k warrant or if youve got it wrong. I thought LEG has raised these extra shares so that a warrant holder could have them and LEG put £32,000 in the kitty. Of course they could have then sold them to buy Amed but thats a cospiracy theory I cant buy into. Apologies to you if Im wrong. By the way, dont tell Ken about Zaf being a director at Amed cos he's probably getting paid by them too 😄 🍉
yup, this is Legendary Investment, not the plural. I don't think we are going to hear anything about the other investments unless its an RNS selling them at a loss. I just made comments about AMED and the SP movement because it seemed funny to me that someonesold out here for 32k and that's the same amount that moved the AMED share price.
super - anyone who's done their HW on this company will know that LEG's stake in AMED is insignificant. I'm personally not interested in it. I'm here because of Virtualstock and I think you'll find most others are too.
I don't like to sound like a constant downer, but AMED is a company that I bought into a few yearws back, karim is on the bod there too. CEO I think ? They have shown me a big loss over that time so any movement now is no big deal and a small recovery of the huge loss the SP had over last few years. While thinking about this, I noticed luckyjohn comments regards movement at AMED, so I looked at share trades, funny that it seemed to be a single 32k buy (at a premium to ask) that moved the share price (no news), So I thought to myself, had the seller of the warrants here (32K WORTH) simply invested in AMED instead ? some insider knowledge perhaps. thoughts anyone? still waiting for LEG to issue something positive it just seems like I will be waiting until when they have finished rinsing shareholders I guess.......
We have a very small holding in this company, but its up 16%, news on the way...
North Tees and Hartlepool nhs is delighted to be working with VS, Twitter Rob Knott ref Louise Wall
Soon you would think with all these buys just bought a few more as this looks like the bottom to me but what do I know gla
Lets have some Blue , Good opportunity down at this price Imo
You are right. 32k for 33m shares or 1.1 % of total issued capital. Thats a big warrant 1% of the comapny. How many more warrants at a fraction of the sp are out there ? Anyone know how we can find out ? I think the only people with warrants are the bod. Which seems to show another big pay cheque for karim and reuner. This is ridiculous
If I'm understanding the RNS, someone had a warrant to buy 32M shares at 0.1p and they have exercised that right. (btw SL79 they paid £32,000 for them not £3,000) I've no idea if or how many more warrants have been issued but as LEG doesn’t hold any of its own shares, they have no other solution but to issue new ones. By my calculations, the dilution should have devalued the share price by approx. 1.1% As I said, this is just my opinion and if I'm wrong please just tell me. And can we please stop with the name calling, last year CC rightly got banned for this and it doesn’t make good reading. At this price its back to the 🍉 logo
We all just got dilluted yet again ?
Do you have any vomments on the share ? Other than some tripe about RSI ?
My name on here isnt really the point is it lol....some people. Small minded chimp. Lol really d Im not even in SRES. I did buy TYM. Having said all that i bought this at 0.12 5 years ago too. Its nearly doubled but should be well ahead. Still my name doesnt really matter does it.