Vislink PLC Web Site : http://www.vislink.co.uk

Vislink Web Site : http://www.vislink.com
Link Resource Web Site : http://www.linkres.co.uk
MRC Web Site : http://www.mrcbroadcast.com
Hernis Web Site : http://www.hernis.com

Press Releases : http://www.vislink.com/press/index.php

Email alert service : http://www.vislink.co.uk/AnnounceMailFree/index.php

Read all about the exciting 2Ghz relocation ;

http://www.mrcbroadcast.com/2GHz/index.html

The latest Shares Mag tips VLK as a possible candidate for promotion to the FTSE All-Share Index and notes:

Vislink (VLK)

A prospective PE of 13.8 for 2007
looks good value and the shares
should continue to perform well.

Still rising: VLK Bid: 87p Offer: 88p Change: 1

FWIW, an update to the list of major shareholders. That's quite a chunk in the hands of JPM Chase.

Vislink PLC
Major Shareholders

Shares in issue: 137.6m 2.5p Ords
Major Shareholders Amount % Holding
JP Morgan Chase & Co 14,175,554 10.30
BT Pension Scheme 8,069,163 5.91
Royal Mail Trustees Ltd 5,485,836 4.04
Arthur Leonard Morton 4,980,921 3.67
D Mann 4,798,172 3.54
Seraffina Holdings Ltd 4,678,189 3.45
Venaglass Limited 4,588,414 3.38

Other Directors Amount % Holding
Leonard Graham Mann 2,399,086 1.768
James Ronald Trumper 316,000 0.233
Anthony Finizio 110,000 0.081
Robin Howe 70,000 0.052
Timothy Hugh Trotter 30,000 0.022



= Director

90p has been breached: VLK Bid: 89p Offer: 90p Change: 1.5

Nice chart:

VLK have 136 million shares in circulation.
The chart can't go on forever like this. What's your opinion on a fair valuation, soult?

Phew, Harry, I'm not quite sure to be honest. Shares Mag last week had this on a forward PE of 13.8 for 2007 at share price 82.75p, which means that at 90p we're on PE 15.

(If you take the EPS of 2.68 from the interims and double it for the full year (5.36p), at 90p you get PE 17).

Given that the Interim EPS was up 132%, a PE of 15 looks fairly cheap. (PEG 0.11!)

Even if year-on-year growth at year end turned out to be only only 50%, that's still a PEG of around 0.35.

So I don't think that the current SP is overdone. I could see us coming out the right side of 100p on prospects of the promotion to the All-Share Index and maybe 110p afterwards, but that's just guesswork. That would still only be 20.5 times EPS of 5.36p, though, and I think there's more growth likely.

I expect that a few more analysts will start to cover VLK if it gets to the All-Share, so maybe we'll get some better estimates coming out of the woodwork. So far there is only one analyst's "add" recommendation on www.newratings.com.

Hope this helps; apologies if it's a bit waffly, but at the end of the day I am as enlightened or unenlightened as anybody else.

FT.com has the consensus forecast EPS for both FY 2006 and 2007 at 5.8p, which is even better. Allegedly there are two analysts who believe this, don't know which ones.

BT Pension Scheme has cut its holding again, but we knew they we're planning to sell some of their holdings anyway. RNS out today:

Date company informed

19 October 2006


12. Total holding following this notification

6,676,378


13. Total percentage holding of issued class following this notification

4.85%

If the price can hold up when BT Pension schemme is selling, what happens when they stop?

Alpesh Patel apparently favours VLK:-
http://www.stockbrokers.barclays.co.uk/?category=whatweoffer&usecase=landing112

Yahoo finance only acknowledges 1 analyst, but I presume there are others that follow VLK. That analyst does not look for much growth between 2006 & 2007
http://uk.finance.yahoo.com/q/ae?s=VLK.L

Red

Thanks, soult.
Am still holding, but assuming a resistance level at 100p, might be tempted to take profit at that level, although cynic's strategy of having a core holding & playing with a top up seems logical in this instance.

Harry, you may be right about resistance - however I will probably just be holding and hoping!

Red, I agree that there does not seem to be much growth forecast for 2007, and there are indeed very few analysts' reports to be had as far as I can see. This may all change in the near future and more coverage start coming out; I would like to wait and see how this pans out as there may be more encouraging reports on the way.

Keeping on going, 100p will be a key level to break or retrace down from perhaps, lets hope VLK can break through.

Yup, yesterday's rise was very heartening and the fun hasn't stopped just yet:

VLK Bid: 93.5p Offer: 95p Change: 0.75

Sure. but even you must have a profit taking strategy, soult???
Nothing is forever!!! If there is a big market correction,VLK will not be immune!
Am starting to get sweaty palms!!!

LOL - that's what I am trying to gauge at the moment, Harry. because I work in a bank, I am obliged to hold shares for a minimum of one month, so I cannot trade in and out as quickly as most. This makes it more sensible for me to buy and hold for the medium term; I'm looking to newsflow to give some guidance as to VLK's prospects and will review and act accordingly. My holding is too small to be worth top-slicing in any case.

I could happily watch this stock rise all day long:

VLK Bid: 95p Offer: 96p Change: 0.75

Still holding. 100p mark will be crucial imo.

And up some more . . . Looking at the chart, VLK seems to be having its biggest calendar-month rise in two years; some 30%.

VLK Bid: 96p Offer: 97p Change: 1.75

100p by the weekend? But how long can it last?

Steady soult - don't jinx it!
I may have asked this before so apologies if so - Do they pay a divi, if so divi date could be a good target.