gibby
- 13 Jan 2011 21:09
http://www.verdes-group.com/
http://www.verdes-group.com/wp-content/uploads/downloads/2010/09/xp-circular-vmp-investment-2010-09-01.pdf
Business prospects
VML has been negotiating with a number of parties on potential new business mandates which,
subject to the approval of the Proposals, will be assigned to the Group, and the Proposed Directors
consider that there are a number of business opportunities in the market.
It is anticipated that business opportunities will come from a variety of sources, including investment
funds, professional intermediaries, stakeholders, private equity houses, banks, corporate finance
advisers and stockbrokers.
Additional working capital is required, both in the short term and as the business develops, particularly
as and when overheads need to be increased to match the scale of business operations that the
Proposed Directors hope to achieve.
The Company currently has no significant institutional shareholders. The Proposed Directors will
seek to develop an institutional shareholder base through a future fundraising.
In the medium term, any profits will be retained to build up the business. In the longer term, subject to
the elimination of current retained losses, it is anticipated that a progressive dividend policy will be
adopted.
Brief summary....remember DYOR.... imo....
1) There appears to be much happening behind the scenes at VMP
2) The recent placing was always going to happen and is found in the placing document for Sep 2010.
3) The placing price of 0.75p is at a discount to the sp back in December when they had meetings ref funds. This is to icentivise the ii's, and would only agree to this if they can see the company is going forward and has good potential. They obviously expect to make a profit their investments at the end of the day.
4) The company has raised these funds for working capital purposes and for the expansion of the business. These funds are from serious institutional investors which are coming onboard as per business plan. This is a major vote of confidence in the company with these players entering.
5) There should be a holdings RNS as VMP apparently potentially have 2 new institutional investors on board. This would be a large boost for the company. As this was one of their main targets in starting up. They like the business model.
6) According to VMP they are in talks with a number of companies for potential deals, and this could only happen with the working capital in place. They are expanding to be able to fulfil the mandates. This state they will ensure VMP has the resources that are needed to develop and seal the deals. They are concentrating on companies worth 50m-250m to help out with. Gives you an idea of the types of companies they are targeting.
7) Further fund raising in the mid-long term should be anticipated as VMP expand hopefully rapidly this company into a monster.
8) The VMP board are very bullish about what they can deliver and bring to the market, hence a BoD of very established, experienced persons.
I perosnally bought on the low today - see where we end up end Q1 even this month perhaps? Need the deals VMP are very bullish about asap.
gla
doodlebug4
- 22 May 2014 16:57
- 46 of 49
Where is Dil? It's getting there Dil !:-)
"Dil - 07 Mar 2014 13:07 - 27 of 45
2p or not 2p that is the question ... "