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changing hands for over 4,800p each at the start of 2007. Following the restructuring existing shareholders will be left with just 1.09% of the company
nah mate, just joking around. I see WET hitting 3-5p in next 6 months, 10p in next year if lucky...still...6x to 20x growth IMHO.
Go down a few posts and read mulledwine's post. You wouldnt be packing your bags you would be working for a lot longer as the share consolidation explains the massive % rise
can u see happning tho for WET mate
WET WILL DO THIS!
just think if WET cound do this i wish lol
if i was in here i would handed in my notice & packing to go on holiday LOL.
You will find you cant trade this stock at the mo.
you in here .....is this right
happened here LOL
Can anyone please help explain something to me. When I click on the share value for the last 5 years on the london stock exchange it only goes back to Jan 2010 with a value of roughly 60p, and yet when I go on halifax's sharedealing info it says they were worth around £3.00 per share in Jan 2010, and goes back many years to value's as high as £26.00 a share! Any knowledge would help? Thanks
bas - yes the market certainly seems to have this one by the tail !
Shares in Leeds based design and engineering consultant WYG (WYG) collapsed by 6.5p to 2p after the company announced a massively dilutive restructuring programme. The firm is to raise 32 million pounds in a placing at 1p per share and convert 51 million pounds of debt into convertible shares. A 50-1 share consolidation will also take place. The firm, previously known as White Young Green, ran up a huge debt position after making 38 acquisitions between 1997 and 2007, before running into difficulties during the financial crisis. The shares were changing hands for over 4,800p each at the start of 2007. Following the restructuring existing shareholders will be left with just 1.09% of the company.
Considering the turnaround from profit to loss this year and increased debt then I think WYG was let off fairly lightly today with the drop of 14%
Paul Hamer, Chief Executive Officer, said: "After nearly two years of major restructuring, we now have an appropriate operational and support structure. The latter stages of this restructuring have been undertaken against a backdrop of profoundly difficult and uncertain market conditions in the UK, particularly in the public sector, and significant volumes of work have been cancelled, reduced or deferred. "The overseas markets in which we operate have remained relatively resilient. Following the restructuring, we have a more efficient globally organised business that is well placed to benefit from the opportunities in international markets. Our focus is now on growing our global revenues through key relationships and strategic partners. As part of this we are looking at options that may allow us to create a positive growth environment with focused investment in employee retention, key recruitment and non-organic expansion. Significant market challenges remain and we will continue to drive further efficiencies across the Group."
Financial overview: · Revenue at £83.7m (2009: £115.2m) · Adjusted* loss before tax of £2.6m (2009: £1.6m profit) · Adjusted* loss per share of 3.7p (2009: restated earnings per share: 1.8p) · Operating profit before exceptional and other items of £0.1m (2009: £3.7m) · Net debt as at 31 December 2010 £38.5m** (30 June 2010: £36.6m)
Business overview: · Re-organised the Group's operations into four global key market segments to deliver services more efficiently across our chosen countries · Restructuring programme substantially complete · Now exploring options available to address the longer term funding requirements of the Group · Prolonged but anticipated uncertainty in UK and Ireland relating to public sector cuts continued to impact domestic market and is expected to remain challenging in short to medium term · Focused domestic and overseas business development activity to maximise organic growth opportunities · New local entities opened in Syria, Croatia, Bosnia and South Africa. International order book increased to £89.2m (2009: £76.6m). Decrease in total net order book to £198m (2009: £290m) · Retained number one position as consultant to the European Commission for programme management and policy advisory services
http://www.investegate.co.uk/Article.aspx?id=201103310700119674D
WYG (WYG) swung to an half-year adjusted pre-tax loss, hit by lowered revenues as a result of difficult trading conditions and the restructuring of the business, and warned that the domestic business conditions remained "very challenging". For the six-months, the group reported an adjusted pre-tax loss of 2.6 million pounds, which compares with a profit of 1.6 million pounds a year earlier, as revenue dropped 27% to 83.7 million pounds. Looking ahead, the group said: "Domestic business conditions remain very challenging and there is limited visibility of future work, as the impact of the Government's two comprehensive spending reviews is yet to become clear." Shares in WYG dropped 2.5p to 15.5p.
Environmental Consultants White Young Green (WYG) has bought privately owned transport specialists Savell bird and Axon (SBA) in an £18 million deal. SBA provides transport advice to the property industry throughout the UK and is recognised as a leader in their field. It has offices in London, Manchester and Cardiff. Its clients include many of the UKs leading property solutions to transport problems. The transport company, formed in 1994 by Andrew Savell, David bird and Michael Axon has over 70 staff and an annual turnover of approximately £8m. Lawrie Haynes, Chief Executive said: High level transportation consultancy has been identified as strategically important for the future development of the WYG Group and I am delighted that Savell bird and Axon has joined the business. SBA brings with it a market leading pedigree of expertise with an excellent reputation and strong client base. The SBA team will significantly strengthen our own growing profile as well as being a good strategic fit into our multi-discipline business.
It has been a long time my friend. I emailed C+++++S D+++++++ on live.co.uk by no reply .thought it was you. Wish i knew what you meant by BUY..KAZ in 2009 [i did but only a grands worth and sold to make a few quid. it done really well. 5k in there would have done me a treat. I was day trading then, gambling really, knew nothing, as i was a scared inexperience plonker. Greed & Fear & stop losses nearly ruined me. [ must thank sundancer] Been lucky really from £20k loss to back in paper profit got £17k in GKP at 87p, wish i kept those SOLG too LOl!! Lol!. My ISA was £5k down now back in balance with XEL..This stock market game is hard work...Keep in touch..I hope GKP in 2012 will allow us to buy land in my asawa's home land for a bahay. Happy New Year to you CHARLES..
who ever is pulling the strings at the top is a number cruncher and does not realise how the business is run, general opinion of secretaries/admin is there will be none by Dec 2010, as things will be done remotely. The only unit that is not being hit is International, which is meant to be having a 3-fold turnover - can't see that working out. Staff who have been put on consultation period, have not got the energy to fight, if they banded together WYG would have a problem, with all consultations in some offices and cherry picking in others
WYG is in the support services sector and is currently trading at 36.50p per share. In the last year WYG's share price has ranged from 31.00p to 272.50p and brokers are currently rating this stock as 'neutral'.
01 July 2010  WYG plc ("WYG" or the "Company") Change of Year End As previously announced on 25 February 2010, the Board had determined that WYG should change its year end from 30 June to 31 March with effect from 31 March 2011 subject to the necessary consents to do so. These consents have now been received, and WYG announces that the year end of the Company will change to 31 March with effect from 31 March 2011. Accordingly, as previously announced, WYG will announce results for the year to 30 June 2010 no later than 31 December 2010, followed by interim results for the six months to 31 December 2010 to be announced no later that 31 March 2011 and then the results for the nine month period to 31 March 2011 to be announced no later than 30 September 2011. For further information, please contact: WYG plc Paul Hamer, Chief Executive Officer Tel: 0113 278 7111 David Wilton, Group Finance Director Arbuthnot Securities Limited (Nominated Adviser and Broker) Nick Tulloch / Ed Gay Tel: 020 7012 2000
No it won't. What has not been mentioned is that the sale of the rail business also removes workload from several departments within WYG. The EPT department is a prime example of a department that will suffer heavily from the loss of the rail business through the loss of GI works and Environmental studies. Paul Hamer and his team have been incredibly short sighted here given that the Rail business have just successfully tendered a significant number of large multi-discipline projects from Network Rail that would require resources from around the WYG business. Also heard on the grapevine that there are even more 'right-sizing' needs for WYG to come. i.e. more offices shut and staff reundancies. Only a matter of time before the bansk lose patience with this company again.