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no news , no volume ! is this how it all ends .
Where have you been (cleaning windows ) or sunning yourself after dumping all your stock whilst making out you were a believer ? either the dumbest investor or a fraud…tough call to make either way . remember...what goes around comes around. ..any views on red leopard :-)
a nobody with a profit that you could only ever dream of. thats fact. old pro if he's a nobody what does that make you ?
jessie , those quotes are from the legend we all know as dews bury. hence they are so wrong. sharpen up
Sorry, sad i know. keep the faith dewsbury Stick with this, Akers knows what his doing and Ve is going places far and beyond to a different level.CHARE: VE Investment 24 May '16 The whole purpose of the investment in VE is to increase share price by 5-10 fold which is easily viable if you look at the growth projection of VE and the likely floatation, with the type of technology involved this will only grow hence VE have turned down so many large corporate investments and have been very picky in who they have and will choose to invest into VE.CHARE: VE Investment 20 May '16 Folks go and read on Ve to realise what a great investment Akers has made, this will go from 0-60 very quick with the investment in Ve, especially when it floats..a very shrewd investment, Andrew black increasing his stake in concha this week is also very telling..his no fool considering he also has shares in VE..
macca, a nice bloke but could do with losing a bit of weight ! city boy not yorkshire
dewsbury, If ever someone could polish a Terd it would be you. 2 p here we come everyone :-)
they were up because they were added to citigroups top european Small/midcap list. Their analyst has been bullish on it for some time and expects earnings to be good. fyi
Wake up & smell the coffee. they can't pay the staff's wages. they can't raise money (wonder why) the CEO / FOUNDER leaves . It's as good as over . Fools hope is all that is left
In accounts filed in January, Ve said it was still burning more cash than it was bringing it. Its auditors highlighted a “material uncertainty” related to its ability to raise further funding. GP Bullhound, a tech-focussed investment bank in London, recently predicted Ve could be worth $10bn this year.
Ve Interactive boss David Brown has added a fair few feathers to his hat in recent months. His seven-year-old startup was included in Tech City’s ‘Future Fifty’ businesses to watch; he gave the keynote speech at the UK Business Angels Association Winter dinner last week; and he was even included in the 2017 edition of Who’s Who. But his employees have had a tougher time. Ve Interactive, an advertising technology business and one of the few British “unicorns”, the term for startups valued at over $1bn, has failed to pay some staff on time in each of the past three months as it has struggled to raise new investment. The company is currently in negotiations to raise up to £20m from existing shareholders. On Tuesday, Ve Interactive’s chief financial officer, Dermot Hough, told staff February payroll would be delayed because negotiations had not yet completed. A spokesperson for Ve Interactive said on Wednesday the company is “in advanced negotiations to complete a significant new funding round that will enable it to continue its current strong rate of growth. These negotiations are expected to complete in the next few days”. They added: “While these talks have been ongoing there have been some temporary delays of a few days with the payroll for some of our colleagues. The completion of the funding round will ensure these do not recur”. In December, Ve also had issues with payroll. Around 10 per cent of Ve’s employees were paid a day late, according to a memo sent by David Brown to staff in January. In the memo, Brown told employees the company had “taken exceptional measures in January to ensure we never experience that again and have now successfully secured a stronger cash position”. However, at the end of January some staff were paid late again. Some were paid a day late and others were paid three days late. The payroll delays are a sign of the difficulties facing Ve Interactive, which claims to be valued at £1.5bn and has raised tens of millions from hundreds of high net worth investors, at times using questionable information. The loss-making startup, which has repeatedly failed to hit its forecasts, is this year attempting to raise money from institutional investors for the first time and has enlisted the help of City grandee Stuart Chambers, the former chairman of Arm Holdings, who is acting as an advisor to Ve. Chambers was slated to join Ve as chairman at the start of the year, but has delayed officially joining the company. If Ve fails to secure new investment, the jobs of around 850 people could be on the line, including 300 in the UK, as well as the reputation of a British technology sector still bruised from the failure of Dan Wagner’s Powa Technologies just a year ago. In accounts filed in January, Ve said it was still burning more cash than it was bringing it. Its auditors highlighted a “material uncer
The boss of troubled advertising technology startup Ve Interactive has resigned. David Brown, who launched the business in 2009, stepped down as CEO of the £1.5bn business on Friday, just days after it failed to meet payroll on time. His resignation may clear the way for new funding that will help stabilise the company, which has around 850 employees and is one of just a handful of billion dollar startups in Britain. Morten Tonnesen, who previously worked at online gaming group Amaya, will replace Brown, who remains an advisor to the company. Ve Interactive was Brown’s new project after he returned from the US in the late 2000s. His previous business, a marketing company called Serious, had failed not long after he left the company. Ve was his fresh start. Over the past seven or so years, he has built it up into a global business with hundreds of employees, offices in 28 countries and a string of awards that belie the fact the startup has failed to ever turn a profit. The company trades in the competitive world of digital advertising, helping brands place ads online and offering them web tools that encourage shoppers to spend more. After an unpleasant experience with his venture capital backers at Serious, Brown chose a different fundraising strategy at Ve. He received over £50m in funding from around 500 high net worth investors, who believed they were investing in the next Facebook, Google or Snapchat. The funding structure allowed him to run a board made up entirely of close associates and the company’s management. Last year, he told us there was no legal need for independent oversight. “We have a complete ban on venture capitalists — don’t like them,” he was reported as saying in the Evening Standard in 2015. Those allowed to invest were also given short shrift. “It is a case of give us your money and bugger off,” the newspaper quoted him saying. But this year, the company is intending to raise money from institutional investors for the first time. It needs the funding. Ve is still burning more cash than it brings in, according to accounts filed in January. City grandee Stuart Chambers, the former chairman of Arm Holdings, was brought in to aid the company just months after he oversaw the sale of Arm to Japan’s Softbank. He was said to be joining as chairman at the start of this year, but he delayed officially taking up the position. He has been acting as an advisor to Ve.
Hey nipper A problem aired is a problem shared, hope you feel better for it.
Whitman Howard was the broker if anyone cares
Following on from our January 2017 note Making Mobiles Better (MMB), where we highlighted Actual Experience, a business focussed on improving the digital experience, we are initiating coverage of Actual Experience with a BUY rating and a price target of 450p. Actual Experience (AE) is an AaaS (Analytics as a Service) Company. It provides software that analyses the digital experience of users across digital supply chains. Using algorithms and statistical analysis AE is able to identify problems within a network in a very timely way, bringing significant cost savings for its customers. As we identified in MMB, making a network work better is one of the levers that businesses can use to improve customer experience. Operating margins should be c50% once the business achieves scale, which we anticipate over the next 3-5 years. AE has a very strong initial list of managed service provider customers; Verizon, Vodafone, and Accenture are its 3 referenced customers out of 4 so far. This is very strong validation of the technology, and our channel checks suggest high levels of customer satisfaction. In addition AE believes that one or more of its channel partners is likely to generate significant revenues within the current calendar year. The recent acquisition of AppDynamics by Cisco, for $3.7bn in January 2017 on the eve of its IPO, shows the potential value to the ecosystem. It was acquired on multiple of c16X sales. AppDynamics was due to IPO at a value of c$2bn. We believe that AE is on the cusp of its revenue growth journey, and feel once this starts, that S-curve type analysis will become relevant and we expect strong sales growth acceleration. We will follow up this note as soon as is practicable with a more detailed revenue model/forecast. At this stage however, we have run 3 mid-term scenario analyses to set the framework for our valuation. On the 28th February 2017 AE raised £17.5m of new money before expenses. These monies will be used to invest in technology, sales, and will strengthen the balance sheet. They also announced the first production order from a channel partner from one of its end customers. Our analysis suggests the current share price implies that they are only successful with 60% of their customers and that those customers only hit the low end of the revenue opportunity. We therefore initiate with a BUY with a price target of 450p based on the assumption that they convert their 4 signed channel partners to scale revenue.
hate to break it to you but chris akers tweets have historically been good for nothing with regards to concha. dodgy bloke
my apologies. bloomberg data has updated. they have reduced their holding to 9.99% 67.7 million so several holders been slightly reducing positions doesn't change the story. just keeps a lid on the sp short term....over & out
i give up
mystic , you really are sounding more and more like dews bury . fundamentals will tell the truth in the long term.
bloomberg can usually be relied upon. there has been no change of holding reported there. so not so sure about that