Member Info for oldtramp

Link to interims http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=600501&ISIN=GB0034353754/GBX/PLUS-dkn

The Group has also seen sales of the taxi in Coventry, Reading, Manchester, Trafford, Swindon and Milton Keynes, while the licensing authorities in Peterborough, Cambridge, Southampton, Birmingham and Maidstone, have now given approval. The Group appointed agents to sell the Vito taxi in the Midlands, the North West, Scotland, and the South Coast with sales commencing in the second half of 2009. Eco City will be expanding its own operations to the eastern part of England encompassing Luton, Peterborough, Norwich, Southend and Basildon.

have a read of page 15 http://www.daimler.com/Projects/c2c/channel/documents/1700973_daimler_corp_2009_booklet_mercedesbenzvans_en_pdf.pdf Also this is quite interesting look where mercedes direct the customers! http://www2.mercedes-benz.co.uk/content/unitedkingdom/mpc/mpc_unitedkingdom_website/en/home_mpc/van/home/national/vito_taxi.html?csref=mbuk_en_vans_mbuk_vitotaxi_print_260608

Strange its ticking up on only 1 sell? Maybe the mms know something on the offer. And edgefund agree with your thoughts on the interims looking good.

Interims are out,delayed from the 6th but in between an offer has been made for Vero at an early stage at the mo.

A fair target i believe best of luck mate personally hoping for a bit more if the offer comes off GLA

RNS out http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=581975&ISIN=GB0002678273/GBX/PLUS-exn

Guess the retrace was to be expected today. Very little volume on here and plus though. Interims on the 29th and this will rise and of course more info on the offer will be interesting. GLA in vero

From MF The easy way to value Vero Software Flomerics is in a similar line of business: “Flomerics is a world leader in the computer simulation of engineering design processes including heat transfer and fluid flow simulation. Our customers eliminate mistakes, reduce costs, and accelerate and optimize their designs by applying our simulation software and consultancy services before building physical prototypes. With advanced Computational Fluid Dynamics (CFD) software, we help increase efficiency in your development process, saving valuable time and money.” http://www.flomerics.com/ Recently purchased for 122p per share, which valued the company at approximately £30.1m. FLO’s FY 2007: Turnover - £14.6m Gross profit margin – 95% Comment – valued at over twice times turnover. VERO’s FY 2007: Turnover - £12.7m Gross profit margin – 94% If valued at twice turnover, VERO would be worth circa £25m, current enterprise value is £8.2m.

Think i get it now 1st time i have come across it. Thanks to you and FJP.In many ways hope the company stays the same sure the interims will be ok and if a divi does get paid i feel its a good strong company to keep.

Np mate perhaps you can enlighten us on how the 6MILL in the premium share account will effect the valuation or shareholders.See faz,s post of 16.20 Cheers

Only this mate http://en.wikipedia.org/wiki/Camtek

Interims due out in next couple of weeks. Make or break time have all the relocation and streamlining stratergy,s paid off?

Have you found anything regarding the sale of the freehold property they got in the camtek purchase? That should be included in this years accounts believe it was circa 350k

How would the near 6mill in the premium share account be used? Many thanks.

Sure its more than that with a 14mill T/O constant increase every year. 50% recurring revenue.The debt is a cheap rate loan from Itallian goverment for the purchase of Camtek which included a freehold property and a very healthy rurnover etc etc

http://www.completeformations.co.uk/companyfaqs/shareholders/share_premium.html Might be wrong but believe the premium shares would go to existing holders. As such 5mill divided by 37mill. Could well be wrong though would be interesting to know for sure.

I guess they want to get an offer in before the interims are out on the 29th and get it cheap..

The debt would be wiped out by the 5mill in the share premium account would it not?

ahh vero has had an approach...mm wonder from where? Have a few ideas..