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Whoops! We didnt see that coming. To all investors, have a great weekend 🍋
Nice find Soupdragon78. At least we have some clear information. Helpful.
This is certainly a massive project. If it takes a little longer to get it delivering the right solutions then so be it. The shear scale is very encouraging for the future of Virtualstock once it is up and running.
Article is still bullish. anyway, the deal is all signed up for so delays and even more delays in the future might occur. The platform is already used by the big boys in the industry
NHS having a few problems using the Edge from VS. https://www.hsj.co.uk/topics/finance-and-efficiency/amazon-style-nhs-procurement-platform-delayed/7017343.article
Careful Implied. This time last year CC said we would never see the 20's again and it dropped from 0.39p to 0.15p Saying that I hope you're right and we get over 0.30p and slowly improve from there. And I've promised to change my logo when we do. GLA 🍋
Will be seeing 0.25 ever again Let's hop over 0.30 and stay there
Watching this share and the way it rises on hardly any trades tells me when we get news the share price is going to rocket.......
Creeping up here. Leg share price looking like it's going one way and gl to all holders
You nailed it with that post.more large buys to come IMO
Looks like a large buy order is being worked. Seen this before when we dip a little and jump to the next level up, could be some big news coming hopefully revaluation
Dilution that's all I'm asking. The share can't take anymore new comers.
Will VS need more investments with all this growth and deals lately? I see LEG creeping up slowly
Kenner - for once I mostly agree with you. I'll be very unhappy about any future dilution, considering a loan was repaid with the proceeds of the last placing. (OK we've saved some interest on the loan but why not keep it in place for working capital?). It looks like we've got enough cash for another 6m+, so hopefully a solution will present itself. Perhaps we'll hear something about Bosques getting closer to commercialisation - perhaps sell a small amount to a new investor to raise funds? One caveat - I don't mind dilution if the investments are on the cusp of value recognition for a much larger amount.
More dilution. What ever you have to do get paid do it. Except for 2 things don't sell vs holding and no dilution. What ever people think we are a 1 trick pony. The only thing people write about is vs. sorrrryyyy
Agree, its always tricky to guess how many orders will go through The Edge, whilst John Lewis does a large amount VS have been contracted with Tesco's for a few years now and they are much bigger, yet the accounts don't show massive revenues.
john lewis does a million orders a year i think but the big money is nhs, shelford group probably uses these 30,000 suppliers as below. £240 supplier fee per annum.then you got a cut of each order and i think 0.5% transaction cost Even if the supplier fee is waived or discounted, you have guranteed orders and clicks if the system saves the nhs money. Shelford group has a turnover of £10 billion Carter’s report, released in February this year, estimates that £5bn is lost in the NHS through waste and unwarranted price and product variation across acute trusts: a sample of 22 trusts exposed that they used 30,000 suppliers, 20,000 different product brands and more than 400,000 manufacturer products. Procurement-led efficiency initiatives specified by Lord Carter will aim to deliver savings of up to £1bn per annum (out of £5bn) by 2020. Lord Carter’s report concluded that catalogue management, enabling control, compliance and reduced product and price variation, continues to be serious issue for the NHS.
Interesting pricing docs, thanks Implied. Pity I get annoyed by the typo's in there at key places. "Nest 70,000 orders per month" Aaaargh!!! How do these things get out of the office! Anyway, interesting to use those figures and work out revenues for say 10m units per year. This works out at about 11p EPS for VS, so a value of about £50k per year for LEG's interest. Its interesting that they measure in 10's of thousands per month, so would be anticipating orders through the system in the 100's of thousands. This can multiply quickly across numerous contracts. But I'm guessing that the clients will also continue running their original supply system for continuity in case suppliers don't move to the Edge.
If so then good on him. If I had the funds I would be doing exactly the same
It's our friend Climate Change, he's the only one who ever had confidence in this share ;)
Taking a serious position and they obviously have high expectations
3x10million equals to just over 1% off issued shares Interesting .
10M buy. That's 3 in the last week. Serious money and I would assume it's not from a day to day investor. Great news
10M buy. That's 3 in the last week. Serious money and I would assume it's not from a day to day investor. Great news
Excellent results from Tescos this morning :- http://www.lse.co.uk/share-regulatory-news.asp?shareprice=TSCO&ArticleCode=q4vfq0yo&ArticleHeadline=Preliminary_Results_201617 Headlines Growth in sales2, volume, profit3 and cash4 · Group sales2 up 4.3% to £49.9bn · UK like-for-like sales6 up 0.9% - first reported full-year growth since 2009/10; UK food LFL up 1.3% · Positive volume growth in both UK & ROI and International · Group operating profit before exceptional items3 up 30% to £1,280m; UK & ROI up 60% to £803m · Step up in Group operating margin3 from 1.8% to 2.3%; on track for 3.5-4.0% ambition by 2019/20 · Retail operating cash flow4 up 9% to £2.3bn · Net debt4,5 of £(3.7)bn, down 27%; £1.9bn of debt repaid within the year · Statutory revenue up 3.7% to £55.9bn; PBT down year-on-year after £(235)m exceptional charge booked post year-end following our agreement with SFO and FCA7 Six strategic drivers guiding our actions · Brand health8 at strongest level in five years o Further improvement in core offer, including c.£300m investment in seven exclusive fresh food brands in March 2016, contributing to sustained market outperformance in fresh food o Price of typical basket down 6% since Sept 2014; promotional participation down to 32% o Most improved food retailer for quality perception; record rating for staff helpfulness at 80% o Availability at record high; simpler range with 24% net reduction over two years · Cost savings of £226m already achieved towards £1.5bn medium-term target; FY savings of £455m · Generated £2.3bn retail operating cash; £0.4bn underlying working capital9 inflow · More efficient mix across channels & products; improved service model in 1,500 stores · Released £0.5bn value10 from property; 1.0m sq. ft. space re-purposed; 16 stores re-purchased · Innovated to remove 14bn calories from soft drinks in two years; food donations up 148% as FareShare FoodCloud now in all large UK stores; PayQwiq digital wallet used once every 5 seconds