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Why do you feel it is a joke?
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.
Does anyone know when SDIG's financial statements will be published. Many magazines and web pages have tipped this to be a riser soon based on annual statement, but it has been going backwards instead!
I agree along with some of the international offices and core business offices in England. Prime example of work making those offices busy just annouced internally to WYG staff: WYG Supporting Education In Montenegro WYG International has signed a €1.3m contract with the European Commission to support the provision of quality education in Montenegro. The EU funded programme will last for 20 months and is aimed at laying down the foundation for quality education frameworks in Montenegro.
WYG Planning & Design in London achieves success for Sainsbury’s WYG Planning & Design in London has achieved significant successes for Sainsbury’s in the South East, supporting their newly announced push for extra floorspace. This includes a substantial expansion of the flagship stores in Newbury and Epsom to provide two of the largest Sainsbury’s in the Country. The London team also achieved a major extension to Sainsbury’s Basingstoke store, providing valuable floorspace and thwarting Tesco’s attempts to build a new store nearby. The extra space allows Sainsbury’s to continue their drive into the clothing, electrical and homeware markets.
WYG Appointed by London Borough on Leisure Facilities WYG Management Services has been appointed to work with management company Fusion on behalf of the London Borough of Southwark providing Property and Project Management for the Borough’s Leisure facilities. Southwark has one of the highest annual budgets for a London Borough, of £1.2bn and their leisure facilities include 11 Sports Centres.
I am in a super-centre office on the right side of the pennines!!
Also working at WYG, it is clear that the new management team seem to know what they are doing. They have introduced a number of new procedures (e.g. Technical Excellence) to the company that significantly improves project delivery, provides flexibility, but maintains control. By removing the money losing areas of the business and enhancing the profit making areas, this ship is now definitely steadied. I am now cuaght between two mindsets- I want the share to rise to capitialise on my 7p shares, but would like the 20p share price to remain just a few months longer so I can keep adding cheap shares of this heavily undervalued and now much improved company. Either only a positive outcome will result.
Annual results are usually formally reported late August / early September
Just been researching a bit more to see if it is worth topping up before the SP hopefully rises again with some interesting findings: WYG Announces Major New Contract Win At Magilligan Prison. WYG, has won a contract from the Northern Ireland Prison Service to manage the design and building programme of a new 800-cell prison at the existing Magilligan site in Co. Londonderry. The company said today that it would provide comprehensive programme management services over the period of a three year contract. This would involve assisting the Prison Service to develop the brief and gain approval of its business case for the new prison. WYG Management Services will be partnered with Nolan Ryan Tweeds (both part of the WYG Group) to develop the programme planning and management for all phases of the project (subject to provision of funding following the investment application) and will oversee the production of an exemplar design for the prison, development of the business case, selection of the procurement route, tender documentation and the awards of the construction contract. New Primary School In Bolnore Gets The Go Ahead - West Sussex County Council & Bolnore School Group supported by WYG Management Services moves forward plans for school to be run by parent and community group WYG Wins 3 New International Commissions - WYG has recently announced that it has been appointed to provide support services for important socio-economic initiatives in Poland, Tajikistan & K
Let the 'profiteer's' make their sells, the sp settle and by the end of May the sp will be back around 45p. June - July bank convenant statement release stating everything is okay then we'll be rising again.
I have also made a bit from WHY over the past couple of weeks and believe that there is more to come. I tend not to concentrate on a single share as much as I have on this, but after a significant amount of reserach feel this is certainly one for the short, middle and long-term future dependent on your investment objectives. I find reading these forums a method of checking I have not missed anything in my research. Your comment seemed to be flippant and possibly based on a personal link to a northeast offices rather than factual information. One thing that has been missed in all forums is that a number of offices have been strengthening their position in the market - forward planning and thinking - I like it.
what happened in the north east was part of the right sizing. you cannot tell me that if something is costing you money you keep hold of it just for the sake of it and sentiment? the current climate requires companies to streamline and maintain the profitable areas, while strimming down the non-profitable areas. simple business sense if you ask me.
I have a few friends across a number of different departments in this company and they all sound very positive. The 'right sizing' within the company is complete, the order book is beginning to top up again and good news maybe on the way (banking covenants??). Only time will tell!! From the info received I suggest buy now. They look like settling around the 27-30p mark for now, but this will soon cahnge in the near future.