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Started: vodkaquickstep, 20 May 2019 22:18
Last post: vodkaquickstep, 20 May 2019 22:18
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.
Started: iaintgotaclu, 20 May 2019 09:37
Last post: iaintgotaclu, 20 May 2019 09:37
FST had an offer might more to be made there today
Started: Rupertsmum, 20 May 2019 08:38
Last post: GreenWolf, 20 May 2019 09:28
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!!
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.
Last post: bbr391, 20 May 2019 09:10
All.
Best of
Started: vodkaquickstep, 21 Mar 2019 13:05
Last post: GreenWolf, 21 Mar 2019 14:41
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.
Started: GreenWolf, 18 Feb 2019 13:19
Last post: GreenWolf, 18 Feb 2019 13:19
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....
Started: MattTheBrave, 13 Feb 2019 15:57
Last post: MattTheBrave, 13 Feb 2019 15:57
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!
Last post: knicol46, 13 Feb 2019 14:47
Started: MattTheBrave, 12 Jun 2018 17:30
Last post: MattTheBrave, 12 Jun 2018 17:30
...go and peddle your little website somewhere else. You're adding no value here.
Started: MattTheBrave, 5 Jun 2018 12:00
Last post: MattTheBrave, 5 Jun 2018 12:00
....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!!
Started: CAGNEY, 12 May 2018 22:39
Last post: CAGNEY, 12 May 2018 22:39
Nice divi this morning.
Started: MattTheBrave, 19 Apr 2018 11:11
Last post: MattTheBrave, 19 Apr 2018 11:11
9% stake accumulated by activist manager Traction pushed the share up by 25% today. Definitely an interesting development!!
Started: CAGNEY, 2 Jan 2018 17:41
Last post: CAGNEY, 2 Jan 2018 17:41
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!
Started: Orangetree, 5 Dec 2017 16:28
Last post: Orangetree, 5 Dec 2017 16:28
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
Started: ms_moneypenny, 30 Aug 2017 19:06
Last post: ms_moneypenny, 30 Aug 2017 19:06
On a positive note dividend on 1.2p Ex dividend date 07/09/2017 to be paid 03/10/2017
Started: pokerock, 25 Aug 2017 20:44
Last post: riskassesor, 29 Aug 2017 10:03
someone bought 40k worth so agrees with you
Short to medium term expecting decent returns
Started: ms_moneypenny, 25 Aug 2017 12:27
Last post: ms_moneypenny, 25 Aug 2017 12:27
Slower than expected start to a couple of major contracts secured earlier this year will hamper its near term performance. first half operating profits are now expected to be “significantly lower” than the prior year.
Started: MattTheBrave, 25 Aug 2017 09:28
Last post: MattTheBrave, 25 Aug 2017 09:28
We needed some hard facts regarding profitability, and now we have them - and they're dire. Big fall in the stock warranted and understandable here - very disappointing. Not worth selling at these levels IMO, but not feeling like a big recovery is close either.
Started: draft, 3 Jul 2017 22:15
Last post: draft, 3 Jul 2017 22:15
Here, silver lining
Started: fsjamescampbell, 7 Jun 2017 12:03
Last post: fsjamescampbell, 7 Jun 2017 12:03
4 huge buys this morning.....maybe a time for this to move on that great news the other day......dust has settled now!
Started: draft, 6 Jun 2017 08:14
Last post: draft, 6 Jun 2017 08:14
Revenue* up 14% to £151.8m (2016: £133.5m) o Second half revenues up 10% to £78.3m (H2 2016 £70.9m) · Adjusted operating profit** up 22% to £8.8m (2016: £7.2m) o Operating margins improved to 5.8% (2016: 5.4%) · Adjusted profit before tax** up 17% to £8.2m (2016: £7.0m) · Profit before tax £1.6m (2016: £2.2m) · Adjusted diluted earnings per share** up 21% to 11.9p (2016: 9.8p) · Earnings per share 3.3p (2016: 4.0p) · Proposed final dividend up 20% to 1.2p (2016: 1.0p), giving a total dividend for the year up 20% to 1.8p (2016: 1.5p) · Net debt as at 31 March 2017 £2.5m (31 March 2016: net cash £0.2m); significantly improved operating cash inflow before investments · Order book stable at £145m as at 31 March 2017 (31 March 2016: £143m - after Polish adjustments): o UK order book up 4% to £82m (2016: £79m) reflecting continuing strength of infrastructure and planning markets o International order book maintained at £63m (2016: £64m (like for like)) · Order book will be boosted by post year-end wins of c.£50m announced on 2 June 2017 · Group exposure to defined pension liabilities closed out, with return of £0.5m net of tax surplus to WYG * Including revenue from Joint Ventures ** Before separately disclosed items Operational overview: · 12% increase in UK revenue to £107.6m (2016: £96.3m) reflecting strong performance across almost all services lines, despite project delays in the fourth quarter · 80% increase in Middle East & North Africa including Turkey (MENA) revenues to £23.8m (2016: £13.2m) as EU funded projects come through strongly · 15% reduction in revenues in Europe, Africa & Asia (EAA) reflected the results in our Polish operation, partially offset by growth in Africa and Rest of World ·
Started: draft, 6 Jun 2017 08:12
Last post: draft, 6 Jun 2017 08:12
· Order book stable at £145m as at 31 March 2017 (31 March 2016: £143m - after Polish adjustments):
Started: MattTheBrave, 2 Jun 2017 20:10
Last post: MattTheBrave, 2 Jun 2017 20:10
but let's not get carried away. It's£50m over 3 years so 17m per annum or a 10% increase in expected revenues over the next 3 years. Bear in mind that the last RNS was slightly disappointing, and whilst this get's them back on track, it's not life changing. Couple of other things - we don't know at what margin these contracts have been priced - also, there's plenty of stale bears in this stock who've been waiting for a bounce and have sold into it. I would expect these to clear soon, and then we should see a steady rise back to the 130s. However, I think we'll need to see some more hard numbers, particularly covering profitability as well as sales. Patience required.