Legendary Investments - Re: LEG Stream Log - Can someone explain Leg's share...

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04:52 06/10/2015

Can someone explain Leg's share price to me? It has some fantastic investments, in particular VS, whose potential and value has been externally confirmed (Clients: Tesco, NHS, Maplin, etc. Outside investors: at .,,,,,£25m last April and £58m now, and by Nick Jenkins who has proven himself in the internet world, and would he invest at £58m if that is all he thought it was worth). Climate change is becoming a bigger and bigger issue, and Leg got in early with Bosques and seem to have developed some amazing plants, and Amedeo which while is suffering due to the oil price, is well backed and stands a good chance of coming good. Some of the smaller investments were made when commodities were hot and are now depressed, but might come back and in any case are small in the context of the bigger investments. The directors run the company frugally and take minimal cash comp (unlike many on AIM) with their rewards being tied to the share price. And yet the market cap is c.60% of VS confirmed value - disregard the potential (with the rest of the investments for free)!

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