Member Info for Sam-the-Man

harhoo

Just one tiny correction to your recent posts.

For 8PG shares to be worth £2.00 LEG would have to have been 0.53p. I dont recall that ever being acheived, I think it hit 0.39p in April 2016 which would equate to approx £1.47.

I think the consolidation hasn't helped share liquidity so I think we are stuck in the 25p - 30p range until we get some decent news.

Have to admit 20p seems rediculousy low but I'm not prepared to risk buying any more.

Alexsar

My LEG shares were held in my trading account and changed automatically, overnight to 8PG. I didn’t realise people still had certificates, so I don’t know how they were affected but I’d check with your broker if you are unsure.

At the same time as the name change LEG shares were diluted by 377.19 so, if you held 1,000,000 they became approx 2,651 8PG. Anyone with 23,762, or less, LEG shares would see them sold and receive payment, after dealing charges.

The same method was applied to all LEG shares that didn’t divide EXACTLY by 23.763. For the record I personally lost over, 10,000 LEG and never received a penny.

Here are a couple of links that may help, if you can be bothered to trawl through them.

LEG to 8PG RNS

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=LEG&ArticleCode=akkoxkp8&ArticleHeadline=Correction_to_Posting_of_Annual_Report

LEG/8PG companies house

https://beta.companieshouse.gov.uk/company/03920241/filing-history

Courtesy of Soup on ADVFN

https://www.youtube.com/watch?v=yD3NB-Bx0k4&feature=youtu.be

I was expecting a huge drop 1st thing but its a quiet start. Ssssshhhh!!!

So much for changing the name because the old one was associated with bad vibes. This is hardly a good vibe. I invested long before IBS was mentioned so I wasnt biulding my hope on it but I did wonder how on earth Zaf could put a value on it when it hadnt made one single deal.

I've always looked at LEG/8PG as a sort of Dragon's Den and if an entrepreneur had said IBS was worth £10m the Dragon's would have thrown them down the lift.

Todays 30/34p spread has finally been acheived and now reflects the final closing price of LEG.

So at least we are back were we started.

Another few days, of buying like today, and we could actually start to make progress.

Make a note of this link it will be available to view next week.

Hopefully it contains enough to help lift the share price.

https://beta.companieshouse.gov.uk/company/03920241/filing-history

Just a few clips from the link I posted yesterday.

Bradley and Ingham’s software business turned over £4.5 million last year and revenues are expected to almost double this year.

We run the business at the break-even mark, adds Bradley. We’re reinvesting everything that we earn.

VS now has 105 staff and plans to expand more aggressively overseas and sell their tech to smaller retailers.

Just a pity that 8PK wasnt mentioned as a way of getting a slice of VS

I'm not a favour of consolidations either, most seem to trade lower in the following days.

The spread is ridiculous but the 30p ASK is still equivalent to LEG at 0.08p and the ASK last Thurs was 0.09p

So, with a positive view, they are a better deal today if you want to buy.
With a negative outlook the 22p BID is only 0.058p in old money and that is almost a disaster.

I considered topping up last week but I guessed they would initially drop so I waited. But my account I wouldnt let me trade them until 16:25 today. But I'll be ready to top up first thing tomorrow.

GLA

https://www.standard.co.uk/business/entrepreneurs-ordering-made-simple-by-the-duo-who-want-to-save-the-nhs-700m-a3950271.html

Last Thurs LEG closed at 0.08p and 0.09p

Based on that, 8PG should have an equivalent spread of approx 30p/34p.
I guess the MM’s are playing things safe with their 25p/35p spread?

I’m expecting a more realistic spread by the end of the week, once a few trade have gone through.

I wasn’t in favour of this consolidation I feel it’s made the share less liquid but that may help the price to rise in the future, if/when VS takes off.

GLA

RNS just issued

The change of name to Eight Peaks Group plc will be effective once Companies House has issued a certificate of incorporation on change of name, which is expected later today.

Trading in the Company's ordinary shares under the name Eight Peaks Group plc will take effect from 28 September 2018, and the Company's ticker will be changed to '8PG'.

The Company will also launch its new website on 28 September 2018, which can be viewed at www.8pg.co

If my calculations are correct 32p would give us a los of approx 15.2% so dormanlong, in the nicest possible way, I do hope your wrong.

Being excited by numbers (sad I know) there is no reason the Friday price should not be 37.75p but I have a feeling, in my water, that this consolidation will just offer scope for further reductions in the share price.

What we need is some really good news from VS to set this share on an upward trend.

By the end of the week I need the new share price to be at least 37.75p to avoid any further losses.

Anyone care to guess what it will be?

I'm guessing at 36.4p but I hope I'm wrong.

Good morning all

cretes, one of us has got this wrong.

These two clips on the RNS imply, to me, the deferred shares are almost useless

"The rights attaching to the New Deferred Shares will be minimal and such shares will not carry any voting or dividend rights"

"The New Deferred Shares will not be listed or admitted to trading on AIM"

My understanding is that the new ordinary shares (10,188,255) are the ones that will be traded and they will need a trading price of at least 37p to value LEG to bring it back to its current level.

The deferred shares (485,155) will have a NOMINAL value of £7.90 but they cant used to vote with, traded or receive a divi, so in effect are worthless.

Apologies if Im wrong.

This is my understanding of the consolidation. Please feel free to correct me if I'm wrong.

30,000 existing shares will become 1 interim share plus 6,237 ordinary shares which will be sold off at .001p

The 1 interim share will then be subdivided and become:-

63 New ordinary shares and 3 deferred shares

Nett result, you start with 30,000 shares trading at .001p = 30.00GDP

You end up with

63 shares to trade at the new price of 37p = 23.31 GDP
6.23 GDP less dealing charges (so probably zero)
Plus 3 shares that you can't trade but LEG (or 8 Peaks) may buy back at a later date.(so probably zero)
So a big loss

The maths are the same for any amount of shares.

8,000,000 will become
336 interims and balance of 15,632 sold giving 15.63 GDP (less dealing charges)
336 will then become 21,168 shares at 37p = 7,832.16 GDP
Plus 1,008 deferred shares worth probably feck all.

Again a loss unless Zaf pulls a rabbit out of the hat and buys back the deferred share.

Hope this helps.

Bloody share price!

I'll have to go out and buy some blue ink for my printer because mine has dried up.

dormanlong

That's the message I got from Halifax regarding my LEG shares.

I opened a new account with LSE using the 'Trading' tag on this page and then transferred my LEG shares. Halifax wanted me to pay for the transfer but I told them because they had refused to deal for me it was their problem and I got them moved for free.

As I said, now each trade is 2.55 GBP cheaper and while Halifax have an annual charge for shares held in an ISA, a LSE ISA doesnt cost anything apart from your dealing charges.

Not sure if this helps but earlier this year I was using Halifax for my share dealings and they suddenly (without warning) stopped trading LEG, saying that they hadn't got proper authorisation from LEG to carry on. I couldnt get any sense from either side so I closed my Halifax account and moved my dealings to this site.

Turns out I get cheaper trades and there are no annual charges.

Im not sure if this is what your letter is refering to but I never received any mail from Halifax regarding LEG and up to now I've not had any notification from LSE either.

Without giving away any personal details can you tell us more?

Have a look at the new website.

Aldi are on there, that was kept very quiet.

Also if you look under the healthcare suppliers you'll find Johnson & Johnson, Braun and Philips.

LEG maybe at 0.20p when Durv comes back from his hols :)

https://virtualstock.com/

Hi durv

Not quite what you mean with 1495 but, for what its worth, the trade at 12:52 is definately a BUY because its mine.

Surely it cant be long now before the LEG breaks into a trot?!?!?!

GLA