have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

It is cheap IMHO, with the price drop following the recent fund raising (3m at 3.25p). So much has happened to VTB in the last year that the market has no real feel for what its value may be. The picture will be much clearer on publication of year end results on 24 May. Bear in mind that the share price jumped to 6p on the recent trading update in March. Also since then they have announced a record quarter for Q1 2004

My hunch is that after 24 May we won't see these prices (buy at 3.7p) again. Longer term it obviously depends on the earnings prospects. They really need to break even for 2005 - the results will give a steer and no doubt their broker Brewin Dolphin will be putting out an update.

I have just topped up today. DYOR, it's a very volatile stock but I have tucked it away for the long term because if management gets it right it's a multi-bagger.

i agree with your points and feel it is a very good buy....with over 5 million buys going through the price must go up sooner rather than later

I also think VTB are an exciting opportunity. I know demand is not the only factor but yet again today we have an exceptional number of buys going through with no increase in price?

Something's going on - cum vol of 9.3m shares traded today by 1pm. That's over 4% of the share cap. Nearly 8m buys.
Watch this space!

6m buys logged in an hour - what's going on??? NB trade price is 3.7p, so MMs must be buying from each other - price must surely jump when they run out.

Is some news about to be released?

6m buys logged in an hour - what's going on??? NB trade price is 3.7p, so MMs must be buying from each other - price must surely jump when they run out.

Is some news about to be released?

i agree with you. somethings a-foot!, dont know what myself. is this anything to do with it:

Virtue Broadcasting plc

5 May 2004

Placing

The Board has, today, issued and allotted a total of 95,422,850 new ordinary
shares of 0.1 pence per share through a placing at 3.25 pence per share to
number of institutions, Venture Capital Trusts and other parties, raising
approximately 3.1 million before expenses.

Application has been made for the new shares to be admitted to AIM and trading
in the new shares is expected to commence on Wednesday 12 May 2004.

ENDS

its old(ish) news but with it being the 11th today.....
mind you it may be expected good news from the results later this month making people squirrel them away.

well its just started moving....(upwards by the way!)

a friend of mine has recieved alot of calls from hoodless brennan ..they hve acquired alot of shares at 3.25 and now off-loading to it's clients at a slight discount to the market price, apparently they wouldn't take no for an answer so he ended up he got peed off and has asked to close his account ..this explains alot of the buys today .... i don't hold any ..have no views positive or negative

yes that explains alot, but the question now is how will the share price go from now on? i have followed VTB for a while now and think they obviously have some potential but am not sure what the extra shares will result in.

It still does not make sense. Over 20m shares traded today, the great majority were BUYS. If someone was trying to dump stock bought at 3.25p, the price would fall heavily. The share price rose slightly. Guess there may have been a managed exit for one of the subscribers - but why would a big buyer purchase today at 3.70 or 3.95 when it could have taken part in the placing at 3.25p? And why would someone who took the trouble to subscribe at 3.25 take the risk of trying to stag it like that.


If the underwriters were left with an overhang of stock to get rid of and Hoodless Brennan were trying to get rid of it the price would fall - it was a big placing of 95m shares as against an existing share cap of 217m shares.


All very odd. maybe there will be an announcement in the next few days. I take comfort from the fact that the price moved up not down today!

just got home...lets hope we see another rise tomorrow....results are out later in month nd they must be good....

it all looks very promising then you get a slightly odd trading day and everyone (well not EVERYONE!) is confused. those in the know are as usual keeping it to themselves. so today something like 8%(?) of the shares were traded with maybe at least 75 percent being buys. the price then creeps up after not moving..... lets see what tommorrow brings!

the buys seem to be carrying on today...perhaps we will see another small rise later on

anyone thinking about speculating on the results should def consider the share at the mo. dont think there should be too many sells if good news is to be expected.

when will the share go up?...next week or longer
is this a long term investment or we gonna see it .10p soon

thanks

ps call anyone advise me thanks..

when will the share go up?...next week or longer
is this a long term investment or we gonna see it .10p soon

i got some money invested in this..
thanks

ps can anyone advise me thanks.. or expert advice..

thanks

nothing but buys for 2 days now and the price goes down......what is going on.....can anyone explain

Beats me as well !
Large stock overhang from recent share placements ?
However, me thinks this is a buying opportunity at these levels. May then see SP go up for a while during results release, then it'll go down with the markets over summer but come back stronger in the autumn and for interims. (IMHO & DYOR, PYO ! etc.,)

Hi,

I think that as skyhigh suggests these are from the stock placements. For example City Equities had a lot of these shares and are now onward selling them to their clients. Presumably the same applies to some other institutions.

Long VTB