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Victory Square Technologies Inc. (6F6.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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0.0874+0.0017 (+1.98%)
As of 03:42PM CEST. Market open.
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  • a
    anesth2go
    This was once over $3.00. Can it get there again?
  • E
    Epsilon
    Excellent news!
  • R
    Roger
    Can somebody tell me if vst still have parts of fansunite???
  • E
    Epsilon
    I wish all companies behaved the same as victory square...
  • R
    Roger
    Again, excellent news
    Why it s not mooving up???
    Can somebody explain it.
    Still bullish but...
  • F
    Franklin
    news today?
  • E
    Epsilon
    Just bought another 11.400 shares...a lot of interest in Europe for victory square
  • I
    Iskwernkompas
    Trading Halted good/bad news?
  • E
    Epsilon
    At least victory performs great 👍
  • E
    Epsilon
    Any news? Are we still waiting for the earnings?
  • J
    JahMez
    May 17 new date for financials.. hoping for something good..
  • t
    tygo
    Net income for the nine-month period ending September 30th, 2020 was $13,617,124 and earnings per share of $0.18

    Net income for the nine-month period ending September 30th, 2020 was $13,617,124 and earnings per share of $0.18

    Completed an oversubscribed $6.1 Million private placement

    Significant growth by Victory Square companies in key sectors: Digital Health, eSports, Gaming, Crypto, AR/VR, Cybersecurity, Cloud Computing and Plant-based Sciences

    Victory Square spin-off, FansUnite Entertainment Inc., reached $150 Million CAD market cap

    Upcoming Catalysts: Victory Square to spin-off V2G/GameOn and Immersive Tech for public listing; and launch of one-stop-shop virtual health care platform (telemedicine, virtual pharmacy, at-home point-of-care diagnostic testing) in 35 U.S. States with over 10,000 Health Care Professionals

    VANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“Victory Square“) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that gives investors access to a diverse portfolio of companies in key sectors including: Digital Health, Gaming, Crypto, AR/VR, Cybersecurity, Cloud Computing and Plant-based Sciences, today provided a corporate update on a record year to date.
  • N
    Naveed
    I contacted investor relations for VST with some concern about disclosure of investments they've made recently. Specifically i want to know how accretive the investments are now so that i can calculate how much impact there will be to the top and bottom line for VST. As well, i inquired about the lack of disclosure related to the COVID test kits. If you recall there were a slew of press release in the early days of VST, but then it just sort of died down with IPO mania.

    Here's their response. I'm not too satisfied with this because other companies operating in similar space have given out more disclosure more freely. But VST resists.

    Cheers..
    --------

    Hello Naveed,

    Thank you for your email.

    I will provide an overview of Victory Square Health in general and specifically the Health Canada Application.

    For the COVID test kit sales, I understand that you would like specific details on unit sales, but for competitive reasons that are not possible. Something to note is that with all of VST’s privately held portfolio companies, they do not typically have an obligation to report detailed items related to their operations, as that is a key benefit of being private vs publicly traded. Specifically for unit sales, the reason is this: VSH has a relatively small number of distributors for their testing kits, and some of them do the majority of the heavy lifting in terms of sales. If total unit sales were to be disclosed publicly, their distributors would easily be able to know exactly what percent of total sales they are responsible for. Those distributors who sell the most would then be able to come back to VSH with leverage “We sell far more than your other distributors, so you better start giving us preferential rates or we’ll cancel our contract”. This would be an obvious negative for VST. The best way to evaluate the success of any of VST’s portfolio companies is through the valuation of each company when compared to the initial valuation when VST invested.

    Nothing has changed from what has been announced through our press releases, if there were to be a change, we would be obligated to report. VSH sells COVID tests in Brazil, with VST handling sales everywhere else. Because VST has been particularly busy with GameOn, Hydreight etc.. VST has been passing more sales leads to VSH to handle for the time being, as their logistics systems are already set up. As for Health Canada status, VST is still awaiting approval. VSH has signed distribution agreements with companies who have already received Health Canada approval to fulfill some of their Canadian orders, while they are waiting for their HC approval. With the time-sensitive events such as Immersive Tech and GameOn, there has been more news and updates related to those initiatives - which in no part means that VSH has gone idle.

    Regarding the new acquisition, this has the same situation when it comes to Victory Square Health. Private companies do not typically have an obligation to report detailed items related to their operations. I cannot provide any details regarding the subsidiary's hospital financial performance due to these regulations.

    Please find the full press release here: https://victorysquare.com/blog/victory-square-technologies-announces-completion-of-investment-in-renewable-energy-company-stardust-solar

    Please let me know if you have any questions.
  • J
    Jeremy
    VST owns 10-12million shares of FANS which is worth roughly almost 18-20million. That is already a huge chunk of cash, FANS will have an amazing next 2-3 years at least with the way gambling is going, just imagine the income coming in addition with this from other spin-offs. Free shares coming based on holding VST. How could I not try to get as many shares as possible , it’s basically free shares of there new spin off companies , I like to look at it like dividends. Excited for next few years :D
  • P
    P
    VST.CN just received 2 million Covid test kits order from Canada, 4 million test kits within 2 weeks. Management must be confident to sell 9 million test kits per month to organize all these extra production capacity. Assuming 50 cents net profit per kit, that is $4.5 M profit per month. The current market capital is around CAD$55 M, the potential annual profit from the covid test kits is $55 M. Are we sitting on free shares?
  • P
    P
    Nine months earning of $0.18 per share, VST.CN's current share price is CAD$0.53 i.e. P/E is less than 3, upside is huge. The December quarter will include income from all Covid tests sale, I am expecting the full year result comes in at around CAD$0.26 per share in Feb/March.
  • O
    Octavian
    They made $.18/share, so far. By now, it should have been trading @ around $2/share (modestly priced at 10 P/E). As we speak, it is trading @ 4 P/E, therefore undervalued. Given the expected solid earning + recent and future developments, I'd say x10-15 bagger from this level, IMHO.
  • O
    Octavian
    This stock is a bargain as we speak. For the first half of 2020, VSQTF reported earnings of $0.07/share. They already have a 2,000,000 Safetest kits order on the books from TM Safety Supplies of Canada. It's quite fair to project at least 10,000,0000 orders by the end of the year. At around $2/kit profit, that's $20 Mil. Divided by 75 million outstanding share, that's $0.26/share + $0.07 + whatever other income (let's say none-for now) = $.33/share. @ 10 x P/E, it's $3.33/share. @ 25 X P/E, it's $8.25/share.