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EPS 10p last year, forecast 12p this year; positive trading update - profit 'significantly' ahead of last year; UK market gaining ground; EU market unaffected by Brexit; earnings helped by low pound also? order books 35% ahead. Price drifts. One to put away 'till results??
have any thoughts on WYG? Strong order book, increasing spend on UK infrastructure and overseas earning which will benefit from low sterling. Seems to have been overlooked recently but 150p by results on 1st December should be manageable surely?
http://www.thecerbatgem.com/2016/09/26/wyg-plc-wyg-insider-jeremy-beeton-purchases-10000-shares.html
Thanks Matt, Nice article out recently on proactive investors http://www.proactiveinvestors.co.uk/companies/news/166290/wyg-revenues-profits-and-order-book-grow-strongly-166290.html
Doesn't even need that. Wyg services the EU-based contracts from its wholly-owned eastern-European subsidiaries
EU contracts affect 90% of companies on the trading market, this won't be an issue just needs a trading agreement, they will still need the services provided by WYG.
Well that's my hope as well saj, but there's still that residual fear about EU contracts for a UK Company. Frankly I think this is misplaced as the contracts are with the countries themselves (simply using EU grants) rather than dealing with the EU.
Can't see it staying at these levels for long - the share price was £137p prior to brexit drop and recent results RNS shows that results will be significantly above expectations, most other company share prices have recovered from brexit and are trading higher than they were before the drop.
...the Company did indeed confirm my view in the trading update this morning. Expect to get back to 140s quite quickly, then hopefully a push to new highs by year end.
We'll see mate. All I've done so far is correctly guess that others will buy. Now I need the Company to confirm my view on their business. If they do that, I honestly don't see why this can't trade at 15x this years earnings which is 175p. In the interests of prudence though, I'll settle for 160p by year end...!!
and trading statement on 22nd Sept.
tp? 150 in st?
Someone's taking a view - up 10% this week now Fully diluted EPS (incl all options) was about 9.6p year to end March '16. I'm expecting 20% growth this year to 11.5p, so around 11x PE, even after the rise today.
sure..I don't exclude share options costs..so adj pe is higher than 11..13-14*, say ..growth potential appears credible..but don't know market, competitive position..or strength/weaknesses of management ..will watch ..tks, Matt, for thoughts
Hi Jolly, Order book plus Unique skillset = visibility. PE Multiple now 11x. Confident? Well, as confident as you can be with a UK small cap (so not completely), but business model, management quality, and multiple help, and mean that this is an excellent opportunity IMV. Of course we can all be wrong so DYOR applies as always! Good luck
Jolly?
y so confident?
Chairman of Miton in Sunday Times. 110.87 to buy atm.
Less than 10x earnings now, and orders still rolling in - I'm buying this morning.
...today. Stock's on 14x this years earnings, and with an order book up 43%, safe top assume further growth this year. Also good to see them state that the referendum will not affect them unduly either way. My 6 month target for the stock would be £1.80, whilst I would expect to see £2 early in 2017.
Any chance you have the wrong stock/BB - this company is actually headquartered in Leeds? Anyway, to have suffered such a catastrophic loss as this (99%) you must have bought prior to 2009 when this company was forced into a debt to equity swap so as to survive? Since the beginning of 2010, no purchase of stock would have resulted in a loss as big as this. Any purchase since the summer of 2011 would today be sitting on a profit. Interestingly, I note from your posts that all your comments since you've started on all stocks are very negative which is a little odd. Also, you describe PRM as your worst investment ever in one post - so which is it - this one or PRM? Seems like you've picked a lot of dogs for '30 year' veteran. Sees like maybe you have an agenda.....?
Matttnebrave, you have got your sums wrong, I invetsed £12000, not to sure how long age ( as I don't really need to know) but what I do know is my £12000 is now worth £140. and I have been dealing in stocks and shares for 30 years and this has been my worst investment. I live right beside their headquarters in Belfast.
...coming tomorrow! Stock been strong ahead of these, but hopefully more positive impetus coming! GLA
...to see the price back to the mid-130s. Hope some of you got in lower down as I did. Now let's hope we can push on up from here!
Worst investment you have ever made??!! Really!! Then you must have invested in 2010/11 because the stock is still within 10% of it's high since this period, so hard to imagine it's your worst (unless of course every other stock pick has been genius!!)