The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Very pleased with today's news having held on and off since June 2016 but acquiring the largest position post Feb 2019 profit warning. This takeover is further validation that despite poor trading and fragile balance sheets these consultancy businesses are always in the sights of potential acquirers at a premium. Other targets include:
Aukett S****e (AUK) worth around GBP 5-6m or 3.5p
Driver Group (DRV) worth around GBP 45m or 85-100p
RPS (RPS) also probably has around 30%+ upside.
Just my opinion but based on many years of M&A in this sector that shows no sign of slowing up.
Good luck to all.
FST had an offer might more to be made there today
Matt - fortune favours the brave....ITV next for me given their new appointment.
I’m still here having bought more at 14p back in Feb (see post below). Overall still lost about 10% on my initial investment, but way better than it looked last week!!
All.
Best of
Damn, I was hoping this would open nearer 25p. Not much value buying at 50p
Yes for some time - the subtle signs of a takeover have been there for a while - AB Traction's holdings (they have form on such takeovers in the past), withholding of dividend etc. Well done all holders. GLA
Anyone in this, I'm not unfortunately.
Simon / vqs - your link is to a subscription based service
I've put together some of my thoughts on WYG here on the Cube Investments website:
https://www.cube.investments/the-dirty-half-dozen-simons-updates-for-2019-ytd/
I think despite some clear challenges there is an opportunity here namely M&A.
So, AB Traction have increased their holding - explains the c3m sell last Friday am at 15p. Very, very interesting as they were one of two significant IIs ahead of the takeover of Waterman in 2017. Need to do a bit more research on book value before I consider dipping a toe but I would suspect WYG is way below at c£12m M/C.
Does anybody know how much free float is out there, it seems not a lot as it moves on small volumes....
Yes, not great, particularly the bit about banking covenant. That said, I'm willing to bet the Company isn't going under anytime soon, and hence bought more this afternoon at 14p. That said, I'm very willing to admit that this is a punt!
...go and peddle your little website somewhere else. You're adding no value here.
....some positive news about the business. Hopefully this is the turn, and we'll push back towards a 3 figure share price over the next year!!
Nice divi this morning.
9% stake accumulated by activist manager Traction pushed the share up by 25% today. Definitely an interesting development!!
Bought into these a couple of weeks ago at 44p,sold my Blan holdings, with a little profit,thought prospects here were a little better.After the news today,hunch could be proven right!
The way management of WYG interpreted their disappointing results was odd. Blaming it on contract delays would mean revenue should come in lower, not higher. Another disturbing thing I discovered is the trend in Provisions, liabilities and other charges. Since 2012, the level of provisions has fallen from �26m to �3m by 2017. It�s disturbing because falling provisions get recorded as an income in the income statement, which helps to boost profits. But, today�s result saw a first notable increase in provision, in which management blamed for making a loss. For 11 more facts about WYG that you need to know, then click right here http://bit.ly/2jSSxCJ
maybe good recovery play once it settles
I'd say 32.84% myself.
wonder how much this is going to tank today
On a positive note dividend on 1.2p Ex dividend date 07/09/2017 to be paid 03/10/2017
someone bought 40k worth so agrees with you