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This is the worst investment I have ever made, I invested on the advice of one of the Directors, ( who incidentally is a neighbour of mine ), I think that says it all, if he hasn't a clue what chance have we.
Looks like Henderson are still cutting their holding. With PE on this years earnings back below 20x I'm a buyer this morning.
http://tinyurl.com/zm9ahgy Project management and technical consultancy group WYG PLC (LON:WYG) says it did well during the second half of its financial year and expects full-year results to match market expectations. Paul Hamer, chief executive, tells Proactive that the key is “continued momentum” with business in the UK growing by more than 10%, while in Europe, he says the company is winning “a huge amount of new work”. He adds that the firm’s record order book “provides a very solid long term platform for the future”, and that the company is now looking to expand its international footprint in the next six to twelve months.
...particularly with regards to the order book, and growth for next year. 50glass - Interesting to see you posting here - you and I seem to follow/invest in a lot of the same stocks (eg MCRO, CMS and VLK).
SMALL CAP IDEAS: Turnaround process has made project management firm WYG into a highly focused, growing business By IAN LYALL, PROACTIVE INVESTORS, FOR THISISMONEY.CO.UK PUBLISHED: 12:14, 21 December 2015 Read more: http://www.thisismoney.co.uk/money/markets/article-3368819/SMALL-CAP-IDEAS-Turnaround-process-project-management-firm-WYG-highly-focused-growing-business.html#ixzz3uySM56f0 Follow us: @MailOnline on Twitter | DailyMail on Facebook
MIDAS SHARE TIPS UPDATE: Project manager WYG makes a Giant leap forward as our tip rockets by 105 per cent By JOANNE HART, FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:01, 5 December 2015
Remaining independent is further justified by today's trading update which indicates further significant growth.
Interesting that no prospective purchaser, or at least one which the BoD was prepared to notify to shareholders, came into view during the now completed strategic review. Today's results suggest that remaining independent is a solid, sensible and profitable way forward.
Contract wins.
WYG shares jump on possible sale: Shares in Yorkshire-based project management and technical consultancy group, WYG, jumped more than 10% as it announced a strategic review that effectively hoisted the for-sale sign. In the most recent set of results announced last December, WYG reported adjusted pretax profits up 35% to £1.9 million and a 10% increase in the order book to £95.5 million for the six months ended September. The order book for the U.K. alone increased by 28% on a year earlier to £50 million. The consultancy group was awarded a police training contract in Libya last year and believes there are greater opportunities for growth across Europe and the Middle East. The past year has seen WYG involved in frenetic bidding activity: 11 major consultancy frameworks are in the process of being renegotiated. Decisions on seven of them have so far been announced and WYG has been appointed to them all. The company is the incumbent on three of the remaining four which are still to be decided. The company returned to paying dividends by announcing a 0.5p final dividend last year. Questor advised buying the shares last year (115p, June 3) and they are largely unchanged from then. WYG will need cash to put all its new contracts into place and this will increase risk. That said, those who bought shares should wait and see what comes out of the review. WYG at 116p+11p. Questor Says “Hold”.
De ja vous ?
Today's announcement of acquistion and trading statement is positive and reflected in sp.
"It builds on our experience in delivering large scale and complex projects [...] and positions us well to continue building on our key strength in fragile states by converting our strong pipeline of opportunities." Good rns............
WYG, a project management and technical consultancy, has been appointed as the key partner in a consortium that has been awarded a major new contract in Libya by the UK's Department for International Development (DFID). Under the contract, which forms part of the UK's Security, Justice and Defence (SJD) programme in Libya, WYG will deliver the first phase of a security programme for a period of up to 34 months. The work will culminate in the delivery of an inception report which, if accepted, is expected to lead to further work on the project, which has a total potential value of approximately £28m and would involve overseeing the training of police officers and judicial police. Other components would include improving court administration and security, securing munitions, and weapons stockpiling and decommissioning. Paul Hamer, Chief Executive Officer of WYG, said: "This contract win is a major achievement as it is the single largest stabilisation project in Libya tendered by DFID to date, demonstrating WYG's expertise and leadership in delivering critical, strategic programmes in fragile and conflict affected states over the past 20 years as well as its ability to create growth by working closely with globally recognized partners such as Cardno.
going through after todays news
update now as well
nice rns
yup - nice rns.
"Expected full year result to 31 March 2014 10% ahead of expectations"
24 September 2013 For immediate release 24 September 2013 WYG plc ("Company" or "WYG") EUR8.0 million Contract Wins in Western Balkans WYG plc, the global management and technical consultancy to the built and natural environment, is pleased to announce a number of recent developments in the Western Balkans region. During the current financial year we have won the following new contracts in Croatia, Kosovo*, Bosnia-Herzegovina and Montenegro, with a total value to the Company of more than EUR8.0 million over 2 years. -- In Croatia, a new member of the EU since July 2013, WYG has secured a major EU-funded contract for the provision of direct business advisory services to small and medium enterprises totalling EUR2.9 million. -- Using EU Structural Funds WYG, in partnership with local Croatian companies, has been awarded two contracts totalling EUR2.8 million for the development of projects aimed at protecting Croatia's water resources through improved water supplies and integrated waste water management systems in Istria and Dalmatia. -- WYG has also won two smaller projects to supervise construction of three wastewater treatment plants and irrigation systems, all of them located in coastal towns of Croatia. -- Under the EU funded IPF3 programme, WYG is working on four new high-profile projects released under that framework, including: -- In Croatia, WYG has started work on a feasibility study for the regulation of the Sava River in Zagreb. This is the largest single grant award (EUR1.5 million) made to date by the Western Balkans Investment Framework Steering Committee under the IPF3 programme. -- In Bosnia and Herzegovina, WYG has also recently started a EUR400,000 study into the possibility of introducing smart metering in the energy sector. -- In Montenegro, WYG is assisting the local authorities of seven municipalities with the procurement of works under a EUR114m water and wastewater programme, which is being funded in part by a EUR57m loan from the European Investment Bank. -- In Kosovo, in partnership with Corporate & Public Management Consulting Group, WYG has been awarded a EUR2.1 million EU-funded project to establish a system for effective medium-term planning, strategic decision-making and policy coordination that combines the European integration agenda into Kosovo's overall development agenda. -- Also in Montenegro, WYG has secured its first technical services project outside the IPF programme that has underpinned much of WYG's operations in the country. WYG has been appointed to supervise the construction of works to upgrade the water supply to Rozaje, a town of 25,000 people, using funding from central government and the European Investment Bank. Paul Hamer, Chief Executive Officer of WYG, added: "WYG first began working in the Western Balkans in the aftermath of the break-up of the Former Republic of Yugoslavia. Some 15 years later, we have built a sub
It was good to see the uk back in profit again looks to have turned the corner.........
an article about these on the midas page again........................
Share tip summary While the PE ratio for the current year looks high at 20 times, versus 15 times for sector peer Atkins, that is a problem typical of a recovery story. Earnings are depressed at the beginning of the recovery, but the rating can shrink rapidly as earnings gather momentum. The current, paltry EV/sales ratio of 0.4, which compares with a pre-crisis rating range of between 1 and 1.5 times, is a better reflection of the value on offer. Also, once cash is stripped out, the PE ratio for this year drops to 16 times and represents only six times WH Ireland's more bullish 2016 earnings projection. Given the traction that the company seems to have in terms of earnings recovery, those bullish projections - and the share price re-rating that would accompany them - look increasingly achievable. Buy.
Shares mag comment on upgrades http://www.sharesmagazine.co.uk/news/wyg#.UiWnpDYQapE