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The board will walk
RI or Apollo may be approached to save them on the cheap
Guess they need a recapitalization
@ scott240
How so ?
Was 117p at a point in Jan 2024 and sub 140p last week?
Traded these shares for long enough to bring my average cost down to below £NIL.
Basic / crude example
Buy 20000 shares at £1.05 (Oct 2022) Cost £ 22,056
Sell 12000 shares @ £2.25 (Apr 2023) Proceeds £26,405
>>>>>Remainer 8000 "free to me" shares PLUS £4,349 cash. This is how
This is a Core holding that can be added to on a pull back or reduced on a further rise.
The above is only an illustration. (NB there many more trades to achieve this position as well as well timed purchases and sales and a bit of risk etc.)
Others record it differently as I am sure they will tell me.
[Stockholding 8000 @ £1.05 - Gain £13,171.40 as per SA return]
The method is useful to make quick decisions to improve when the tops and bottoms of ranges are hit.
Enjoy your evening.
Disastrous day for holders
Debt pile impacting going concern
Board need to walk now after massive bonus’ paid out
Mary , please translate, lol
I had my average holding cost as sub £0, so my strategy works well here. Have been adding and selling within the range and unless we are getting a profit warning then all is good.
One year one and I have a lot of "free to me" shares in WG. with potential to gove to £2 or £1.20p - my aim here is for a core of50000 "free to me" shares before the year is out.
I'm sure that activist shareholder that wrote the oven letter before the bid last year, is far from happy.
But imo part of the whole issue us the UK market / mms destroying the market.
Mary
We are a year further on from the place the BoD rejected the Apollo offer promising great things but here we are in almost exactly the same place as we were before the offer. Total under delivery to the shareholder. How long are you expecting the BoD to take to deliver? Hang on in there with your strategy - you obviously have great faith in this one but its really not going anywhere in the short/medium term and the latest rumour on job cuts means no dividend this year.
Asleep
Why a reversal upwards this afternoon? US market usually take this one down even on a good day!!
Agreed, it's got a lot going for it and I hope to see a recovery to at least bid price or a better offer than last time at some point in the not too distant future.
I'm expecting a reversal back upwards this afternoon.
Swanley - expecting the BoD to deliver the goodies, cost control, cost savings, sunny uplands and a new contract.
They told us the 240p offer undervalued the company.
Wood's board said on April 17 it would engage with Apollo and give it access to due diligence, having previously rejected four earlier proposals from the firm.
A year on, 4 offers rejected !
Mary, I see Wood currently being supported by a shallow uptrend from the low of October 10th 2022. If we see price break down below about 145, then I'd see that trend broken. Seems the weekly 100MA is still in control:
https://ibb.co/9Y8g2nx
The YTD chart is interesting. Hit the 200 wma at 153p 15th Feb and again yesterday prompting a sell off as it failed to breach.
Has traded below the 20 day WMA and 50 day WMA on since 30th Jan only recently broke the 20 day WMA on 6th March failing and then again on 14th March also slicing through the 50day WMA on 18th.
Towards move is straight from the 200day WMA and sliced through both the 50 and 20 day WMA.
A down trend confirmed or news.
Such a tight range at the moment with 140p the recent bottom. All to play for.
Contrarian in me has added.
Not a recommendation.
Added back my 153p sales cheers
Very strange for a company that increased uts earnings /fcf outlook a short while ago.
Somehow can't see a dividend yet given job cuts, wouldn't go down well.
Read yesterday that it's because of an obsession with debt.
Yes of course they have. The printers, the accountants, the staff.
If you are invested and doubt the strategy then bail, if you like the future the add. A 5p move down following a move from 140 to 154 is not exactly conclusive evidence of a leak.
If this goes to 120p or 170p I will continue to be contrarian to the moves. A LT winner and adding and trimming all the way to the bank (less tax of course).
Just need the dividend back and then that will be a gamechanger.
Has somebody got wind of the results hence SP down?
Tyler
Fully aware of the wording from last update but ..... strategic review is nothing to do with the integration of acquired companies. I was involved in integration management of acquisitions for almost three years and part of there business case for the acquisition is the timely banking of gains due to rationalisation of systems and resources. Clients are talked to before the deal is done to ensure they are happy with the move and the benefits it will bring to them - provided they are confident they are getting better service they really don't care who is heading that up for them. Granted there are clients who don't like the change of personnel but there are few and far between. I maintain my position in that this is nothing to do with integration of acquisitions and all to do with overhead rationalisation probably on the back of the Oracle system they have spent the last 6 or 7 years implementing and was procured on the back of cost reductions due to overhead reduction.
Totally agree tyler
Expecting a run up now to the mid 70s
Aucuba, you are right that the acquisitions were a while back. However, companies tend to allow projects to come to a practical end before completing any consolidation, partly due to contractual commitments with ongoing long term clients. Below is an extract from their last update which states that the strategic review has been on-going for a year:
“We are now one year into our strategic growth journey and our results
continue to show clear progress. We have delivered strong revenue and EBITDA
growth, improved our underlying cash generation, grown our order book, and
continue to see an acceleration in the proportion of sustainable solutions
within our pipeline.”
It also states:
“We are confident that our actions, business model and strategy are delivering
and look forward to giving a further update in March.”
As you’ve said, these are overhead/support positions. This makes sense as senior managers often partly book to overheads and have separate department budgets. They need to be consolidated. Also, I’m glad that they’re only looking at overhead positions and not technical roles. The latter would a bearish sign.
Combining the Sky news story with earlier company update, in my opinion only, it’s bullish for the share price. Hopefully, this will be confirmed next week. Good luck!
Tyler19
Last acquisition was a long time ago and all integrations synergies and cost savings from these are already baked in.
These are overhead/support positions which are going unless a fairly large reimbursable contract is coming to an end (planned or otherwise) in which case the savings go to the bottom line. We will find out soon enough one way or the other