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.
Lse99
Versarien wrote off all the historic goodwill associated with the mature business a few years ago as they couldn’t support their value beyond net assets which is a couple of million.
You also appear to be ignoring the £5 million innovate loan.
"proceeds" even.
It has been a shocking performance to watch especially given the positivity that was displayed in the dozens of interviews and hundreds of RNS's that pushed the SP climb up to 180p. I had been sucked in too untill the red flags became all to dominant.
They are all being sold and there will be no business left, any procedes will be split between the fat conductor and his cronies. VRS is going to the wall and has been for a long time.
The current MCAP is quite simply a joke. The 2 mature businesses that are currently in the process of being sold are worth more for sure. Also in the process of being sold is the Hanwha IP (which has been independently valued at £5m on it's own). Add those 3 together and you can see why this is grossly undervalued at the moment.
I hope the board are on the ball as Kier are near neighbours.
Market cap under 2m there has to be value here - i agree father
Thomas, you are one of the "gang" so you are one of the dangerous ones, not me. If you look at my posting history whilst I support the company I also acknowledge (and say so) that they have done things wrong, I also never encourage anyone to buy (or sell) but rather to do their own research, and then own their investing decisions rather than trying to blame someone else.
Yes, I am still a believer in VRS - which may ultimately turn out to be completely misguided - but that's my choice, and mine alone (which I accept - good or bad outcome). Am I currently well down on my investment - something you and your ilk don't understand as a concept - yes I am, have I lost everything; no.
I come on these boards - and others - to have reasoned debates about investments and accept that we will all not agree, and indeed may have very divergent views, but that is good, and healthy, as long as those views can be well argued and backed by facts / evidence - again a concept that you and your ilk fail to grasp in the desire to seem clever.
I get you don't like VRS so why are you wasting your time here rather than putting your obviously superior intellect and knowledge to good use on actual investments that you hold / believe in?
Nobody has lost their entire investment at all. In actual fact, I know that certain investors that actually took the bother to attend the meeting today came away positive and bought more shares. It's not all doom and gloom behind the scenes I can assure you.
Fatherelmer, are you still posting here , your support of this POS , has contributed to naive investors to loose their entire investment.
Https://www.investopedia.com/terms/d/deferredshare.asp#:~:text=No%20longer%20commonly%20used%2C%20deferred,shareholders%20have%20received%20their%20distributions.
Not where I expected to be with this investment, however all may not be lost in 5-10 years perhaps?
This line made me laugh
"The New Deferred Shares will have little economic value"
Is that not all shares? All VRS shares have little value - everyone here has been rinsed down 99%. Criminal.
'Finally a decent RNS, should put this back up a few clicks'
Really? Do you think a reduction in the SP of 33% may contradict that view? Your handle (BoredOfYourWaffl lol) says a lot....
Tillidjohan, I don't post much - pot and kettle comes to mind!
Don’t you get fed up of prattling on.
It's just more fluff. What they're writing is just to fill the RNS with some content to meet some regulatory requirement.
Finally a decent RNS, should put this back up a few clicks.
You have to marvel (well that's me being polite!) at the wisdom and knowledge of folks you find on BBs - at present you can see lots of chatter about MMs Forward Selling the next placing, yet they all [conveniently] don't mention how this could possibly be going on when daily volumes are so small, thus ruining any credibility they think they have (remember current authorities are another 65m shares).
As always, Do Your Own Research and [more importantly] make your own decisions rather than "listening" to the wisdom of BBs (and that includes me).
Why would he - it would be financially [very] stupid to sell if you have any belief in the company as currently his holdings are worth relatively little (even if as some like to point out his initial investment may have been small).
No notification.nothing to suggest he has sold any.
Has there been a notification that Neil had sold all of his holdings? I was hoping he was playing the Ambassador for the company and the company would be the rising phoenix.
Reject your stupid hypothesis . Fat man’s reputation is in tatters , he’s lost any integrity he had here !
I do love all the name calling, by the fools parted with thier money.
VRS is a share and you buy that share in the knowledge it could go up or it could go down.
People called for NR to go, bit like a football manager when things aren't going well, got sacked.
Severance pay is what Neil is getting, and that is an entitlement from his contract.
1 final possible twist, is Neil going to be a likely phoenix and rise from this in another separate entity. Who actually owns what IP's , the company or the Person.
Watch this space
Hi Kever sitting behind that fat useless ugly incompetent oath with stupid glasses is a useless slob who shafted innocent investors . This guy should be locked up like Bernie Madeoff as he. As made off with our monies and is still being paid £30k a month . It’s an absolute joke .
Hi Cagney FOMO comes to mind .