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It's going to be an EXCELLENT 18 months! I think the float will come sooner that 18 months, on the basis that Notion will want to start making profits quickly from their VS stake. They will do all they can as well to assist VS in getting US clients, as will LEG (remember we are still pro-active!). Zaf has often said about VS becoming a "unicorn" company, a value in excess of $1bn, so obviously the valuation at float will need to be maxed out as much as possible. This leads me to believe that between now and then we will see a steady stream of very positive RNS's, many more contracts, and US news thrown into the mix. If any of our other assets starts coming up trumps at around the same time, the effect on the LEG share price will be mind-blowing. We are still value at just over £5.5m. A very cheap way for any US investor to get a decent slice of VS in advance of the IPO.

Go to the "Private Equity News" website - the story regarding an IPO for VS is on there. You'll only be able to read a very truncated version as it's a subscription site, but you'll get the jist. I'm currently on the train to Cardiff to watch the British Speedway Grand Prix this evening. Good luck to all genuine holders here - back Monday morning.

there is a fella on here goes by the name of superlucky79. Often referred to as a bit of a know-all. Well, my friend, sadly for you, you aren't. Because it doesn't matter if you hold stock in a nominee account, legally your broker has to vote for you in accordance with your wishes. So, if there were ever a cheap-shot speculative bid for LEG and I wanted to vote against it, all I need to do is instruct my broker to use the (now) 52.5m shares I have to so do it. And EVERYBODY that accumulates a decent amount or a small amount can use their vote. So, I'm afraid you are 100% wrong. I took you off filter this morning wondering whether you had anything positive to say after the proposed float on NASDAQ, but it's the same boring rubbish so you are back on. Oh, and for the avoidance of any doubt, I paste below a couple of paragraphs from the "ShareSoc" website which firmly backs up my previous posts. Perhaps in future you'll do YOUR homework before attempting to wrongly **** someone else off. "If your shares are held in a nominee account, as most are nowadays, then it gets a bit more complicated. In essence you will have to get your nominee operator (stockbroker) to submit your votes on your behalf because they technically own the shares not you (i.e. their name is on the share register). You just have a “beneficial interest” in them. But the voting rights are still yours." "If your shares are held in an ISA account then the ISA rules require that the nominee operator will vote your shares when requested, i.e. they have a legal obligation to do so. The best brokers provide easy electronic systems to enable you to do that. But others will do so upon request. For non-ISA nominee accounts, the legal position is not as clear cut but in general all good brokers will vote your shares when requested".

if anybody wants a quick near 7% of VS before they hit NASDAQ, they know where to come. 1p per share minimum bid please. And form an orderly queue.

I think once word gets round the investing community in the US about the potential float, and they see the prospects going forward, and that currently the only way to actually invest in VS is through LEG, there will be very heavy demand for LEG stock. I wouldn't be surprised if we were taken out actually before the float itself.

Could be the final tranche of the warrant sales.

He masqueraded as RideTheWave1 on advfn. Then disappeared. Bought 2,150,000 more earlier and 350,000 for my grandson's pension. 0.14/0.15p now. Wait till the yanks get the sniff of the float news and see the only way into VS before the float is through LEG. Watch the big buy orders come in then.

should try to accumulate more stock if we can. I'm juggling some funds around to try to purchase a shed load more in the coming weeks.

though there is no official reason to, it would surely increase the LEG sp quite a bit. It's nice to have some dynamite news without the whole world knowing about it. Yet.

I'd agree roughly with $500m price tag. In the meantime of course, VS will make their presence felt in the US and potential clients there will see exactly what they have achieved in the UK. I reckon by the time of the float we'd easily be looking at 1p plus for LEG.

thinks of that? I wouldn't know as he's on filter. Superb for the rest of us though.

I think this gives the green light to start buying masses of LEG stock. At 0.14p they are ridiculously undervalued. By the time the float comes, "The Edge" would have been rolled out across the NHS, VS would have procured more contracts in the retail sector, and would have made their presence felt in the USA. They don't do things by half in the states, reckon on at least a £300-500m valuation, which would put LEG around the 1p mark. Game-changing news.

Well, this trumps absolutely everything. VS plan an IPO on Nasdaq within 18 months. For certain the valuation will be maxed to the hilt, a 1p valuation on LEG looks to be on here eventually. It's a truncated piece from "Private Equity News". http://www.penews.com/today/index/content/4076680302/restricted

actly!

Our View: Beaufort has written extensively about VirtualStock and the global opportunity its unique supply chain software brings. VS delivers an agile supply chain technology platform that allows its clients to quickly adapt to the challenges of digitisation without turning to traditional systems integration, thereby reducing cost and risk while accelerating operational benefits. VirtualStock has already demonstrated this in two very significant sectors from where it has already accumulated a highly impressive portfolio of ‘blue chip’ clients. Beaufort’s own valuation of VS, which presently stands at £240m, is much higher than that implied through Notion Capital’s strategic investment. But while that suggests Notion got itself an absolute bargain, its funding injection will ensure it has adequate financial resource to sustain its timely growth acceleration through enhancement of its range of client solutions, while expanding reach into new markets. Termed “the best possible partner for us” by VS’s CEO, Andrew Mills, this new relationship also offers access to the ‘Notion Platform’ which has been designed to support its portfolio businesses through a range of value added services. Legendary Investments’ holding in Virtualstock has been reduced from 7.1% to 6.8% as a result of this funding injection; simply valuing this participation on the basis of Notion’s own funding injection provides a 15% or so premium to LEG’s current market capitalisation. But in expectation of its participation in VS becoming more realistically valued within LEG’s portfolio, Beaufort retains its Speculative Buy recommendation on the shares along with its 0.7p price target.

Legendary Investments (LEG.L, 0.14p) – Speculative Buy The Board yesterday confirmed that one of its portfolio of companies, VirtualStock Holdings Limited (‘VS’), has completes strategic funding round with Notion Capital, a trading name of The Fund Incubator Limited. VS, has attracted an investment of £4.5m from this leading European B2B SaaS Venture Capital firm, in order to support its next phase of growth. The financing round values VS at £66m. VS's goal is to transform global B2B supply chains and marketplaces through its ability to seamlessly and rapidly connect systems together. VS's core platform (‘The Edge’) is already used by leading retailers including Tesco, John Lewis, Sainsbury's, Argos and Dixons ****hone to support their digital and omni-channel strategies. The Edge brings increased transparency and simplicity to a company's supply chain meaning customers can take advantage of the ever-increasing opportunities that an omni-channel environment presents. As well as the country's leading retailers, VS also counts the leading NHS Trusts amongst its clients; within this, it now operates in partnership with NHS Shared Business Services to incorporate The Edge into its systems is intended to help realise up to £1bn of annual savings through transforming the end-to-end procurement process. Our View: Beaufort has written extensively about VirtualStock and the global opportunity its unique supply chain software brings. VS delivers an agile supply chain technology platform that allows its clients to quickly adapt to the challenges of digitisation without turning to traditional systems integration, thereby reducing cost and risk while accelerating operational benefits. VirtualStock has already demonstrated this in two very significant sectors from where it has already accumulated a highly impressive portfolio of ‘blue chip’ clients. Beaufort’s own valuation of VS, which presently stands at £240m, is much higher than that implied through Notion Capital’s strategic investment. But while that suggests Notion got itself an absolute bargain, its funding injection will ensure it has adequate financial resource to sustain its timely growth acceleration through enhancement of its range of client solutions, while expanding reach into new markets. Termed “the best possible partner for us” by VS’s CEO, Andrew Mills, this new relationship also offers access to the ‘Notion Platform’ which has been designed to support its portfolio businesses through a range of value added services. Legendary Investments’ holding in Virtualstock has been reduced from 7.1% to 6.8% as a result of this funding injection; simply valuing this participation on the basis of Notion’s own funding injection provides a 15% or so premium to LEG’s current market capitalisation. But in expectation of its participation in VS becoming more realistically val

Good morning all. I cannot understand some of the negative comments regarding LEG and VS in particular. After yesterday's news it's all v ery simple. VS is now valued at £66m. We own 6.8%. The value of our VS holding is slightly UNDER the current mcap. Throw in the cash in hand, and the value of our other assets and I estimate LEG's current value around 0.2p per share. But read the RNS again. Virtualstock is now poised for dynamic growth going forward. They are planning expansion into the US, they are currently in talks with other retailers to add to the ones they already have, "The Edge" is to be rolled out across the WHOLE NHS within the next 6 months or so, and they now have Notion Capital on board. The undiscovered (by the market and a lot of investors) value of VS was then picked up by the Daily Telegraph in an article yesterday evening online (presumably this will be in today's paper edition). If anybody doubts the prospects now for VS, and by association LEG, then they need to re-do their sums. To placate any further doubt, I post the link below:- http://www.telegraph.co.uk/business/2017/07/17/uk-tech-company-virtualstock-heads-global-expansion-amid-online/amp/

VS well on the way to much stronger growth, I'd expect a rash of new clients to be signed up within the coming months. The value of VS and our stake corresponds to our current MCAP, so our other holdings are in the pot for nothing and the growth potential at VS surely means that LEG shares are well undervalued at the current level. Let's see what today brings.

will eventually be massive. Make no mistake - cyber security is as hot as molten steel. http://www.bbc.co.uk/news/technology-40595581

massive potential:- http://www.growthcompany.co.uk/falanx-marching-right-direction-2556432/