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What have I done to offend you? Although it looks like your easily offended and it also looks like it not me its the rest of the world too. Im sorry that I disagree with your rosy view of VLK but as the shareholders dont control it any longer now as its owned by the banks I put this high up on my list rather than picking out one bit thats doing ok. The positive spin by management might have more credence if I trusted them but I dont. Yes cuts can be made, bankers might give them a bit of time and it could be turned round but I dont think any of that likely to happen without more capital. Again if I trusted management I might think that they would look after all shareholders by offering them chance to a discounted placing but I dont. So the risk is not worth the reward even though I can buy back in again cheaper. As for your arguments, or is that name calling, well I expect that in a school yard. Please grow up and if the glass is half full state your case properly with fact and opinions or are you going to take your ball home.
you havent seen me slating you,but yes,i think i know someone that isnt a fan of yours. i dont know why,but it could be something to do with twitter.
oh dear, seems like you are not having a good day. Every Company has its problems and this is not the first time with VLK, but like a relationship you always think that circumstances may change. And yes they may here but we are now at a low ebb. Then again it doesn't mean to say that you cannot make money out of it or like JH make money from it. GL
Swung to a loss in the ix months the end of June after seeing a fall in orders and revenues, while net debt rose sharply to £8.8mln.......this will go down badly in coming days .imo
No probs, thanks for clarifying Gerry. Tempted for another punt, but holding off. In truth this looks really nasty, and whilst PBS will no doubt flourish in the future, this may well not bring any benefits to VLK shareholders. Maybe if it goes down to 5p.......
Sorry MtB, I was replying to A123's comments. Forgot the thread thing no longer works on this site. You gonna be brave and buy some more on the hope of a quick swing again? Glad I swallowed my losses earlier but not soon enough. All seemed to go wrong from the bonus scheme. Not sure about Mr Hawkins some seem to think he has previous. In hindsight I should have left on the announcement of the scheme. Lesson learned even if it was expensive, then again private schools are not cheap.
who is your post aimed at Gerry? Some of our ramping friends below?
Are you reading the same rns as me? there are lots of negatives that you dont quote. Profit, or lack of and debt spring to my mind. Yes PS is doing ok. Yes its a good news bad news day. The good is they scrapped the management con thing the bad, I expect a rights issue except PI's wont be able to enter. Maybe they will sell it to themselves for 3p.
Track records are highly misleading over anything but the very long term, and only then if taken over a reasonably consistent asset size, team, and approach. Given that these things happen hardly ever in intuitional investors, track records have little or no predictive qualities IMO in professional FMs. Interestingly, PI's records probably better in this regard, and sounds like yours is pretty good? What was it specifically that Frisby said that you didn't like? (I can hardly remember what I posted last week, let alone what someone else posted 5 months ago;) )
it the ab use of strong "trackrecord" that needs to be highlighted ..you and I (in quoted and PE asset management world) know that trackrecord is almost everything..the gold standard..and the inflationary claims I see around the BBs here (increasingly) should not go unchallenged ..I do well..beat the market(s) handily..have done usually year on year..for decades now.. ..probably beat some composite benchmark by margin that guys/girls in yr pro life wd be envious of lol.. ...but i have no trackrecord..and I would not want to open my book to the necessary audit/dd before making such a claim
Sorry but your posts are just mindless ramping - no added value, in fact misleading. What does '.))))))' even mean anyway? Think you might have confused a colon with a full stop? Imbecile. :))))
Bit late in the day for crowing JS? Guy was wrong, and lost a pot of money - why rub it in?
.....which by definition is also a huge sell. Every trade has to have both you know.....
odds on lol
ok ..boss ..will see in coming weeks ...7..or...14
7 coming
why strong buy ?
so frisky @35p..only going one way..had the greatest of pf trackrecord ..since reality dawned, only silence..wonder whether he believes his own posts?
Over done by panic sellers.Sellers buying back.Afternoon will be fantastic.very very good price for entry.I just topped up..))))dyor very strong chart and upward trend now.))))))
Looks to me like a good company going through tough times. If I weren't already in from 12p I would be buying today
Constructive discussion going on with banks with management.They doing well in business,Good buys today, good sign for recovery.Management doing their best to come out of all problems..))))Looks positive future.))
Cant see how this is going to recover. Currently breaching bank covenant and forecasting very little uplift to that situation. As a shareholder it looks like curtains
Wrong.over done by panic sellers.Looks the results. Key points Pebble Beach Systems' order intake in H1 2016 was up 53.3% to £5.4 million (H1 2015: £3.5 million). Pebble Beach Systems generated lower than expected revenue in Q2, however there is a strong pipeline in H2. Activity levels in Pebble Beach Systems remain strong with the relationship with Harmonic continuing to progress. Sales in Vislink Communication Systems in H1 were below management expectations, down 18.5% to £17.2 million (H1 2015: £21.2 million). The Board has now initiated a business improvement plan within Vislink Communication Systems to ensure its brands maintain their market leading position and the business generates acceptable levels of profitability in future periods. Write-off of inventory and capitalised development costs leading to adjustments of £6.3 million Write-off of goodwill and acquired intangibles leading to an adjustment of £23.3 million Adjusted operating loss of £1.1 million (H1 2015: profit of £2.2 million) The Group benefitted from a £2.2 million favourable movement on foreign exchange in the period which has been credited to reserves. The Group is currently fully utilising the RCF facility (£15.0 million) and is forecast to breach its September 2016 banking covenant, but remains in constructive discussions with its bankers John Hawkins, Executive Chairman of the Group, said: "We continue to see significant underlying organic growth in our software business with a strong order intake which has carried through into H2. The long term prospects for Pebble Beach Systems continue to improve as we augment our core enterprise software solutions with cloud enabled software applications. We also have a pipeline of partners and software bolt-on acquisitions which will further enhance the Group strategy of building a high margin, cash generative software business. In its core broadcast market Vislink Communication Systems has seen a reduction in spend from broadcasters as they divert budgets from building infrastructure to investing in content. A technology shift to IP infrastructures has also delayed key buying decisions. With this background and with a desire to increase the efficiency of VCS and ensure that we build a cash generative sustainable and profitable business we have taken a number of decisive actions as part of our business improvement plan, including the move of the VCS finance function to Head Office leading to improved cash collection. We will continue to re-evaluate implementation of the business plan as trading progresses into H2. To ensure that we continue our focus on improving the cash generation and profitability of the Group we will: Reduce the dividend going forward to nil until our bank debt is below 1 x EBITDA; Senior management to voluntarily cancel the VCP Scheme and there is no intention to re
Looks like Hawkins strikes again and sinks another company for personal gain
Good recovery sign.))))