Member Info for win4call

Bots will keep it away from this.

I thought Galliford had disposed of the house building side of their business and was more focussed on civil works now ?

Francis not done bad from only 3 years in the hot seat.

Looks like it. I wouldn’t even try to pick the bottom here as this could keep falling much lower. Seems to be very little support and the wider market sentiment is awful.

By the time results come out this will have a long way to recover, assuming it starts going back up. Almost forgotten what blue day feels like.

Can see it getting reversed tomorrow

To me, this is just wrongly priced. By that I mean it doesn’t matter how much lower they take it and it would need to be significantly higher before we start getting in to the realms of correcting the disconnect between company and SP. Remember the SP isn’t the company, and on that basis I’m not selling any.

The only caveat to that would be if something majorly significant comes out in the update on the 15th. If there was anything then it would look extremely suspicious given the SP performance.

Personally I think the update will be pretty steady, how it affects the SP nobody knows because the market appears to have a mind of its own with this stock,

I imagine they’ll keep this spread for most of the day. Expect volume to be pretty low as well as positions will already be set now ahead of suspension.

Every time this hits a new low, we hope it’s the last and that things will turn. One day that will be the case but at the moment it’s hard to see when that might be.

Also, not necessarily convinced this is Jupiter related. I’ve seen it too many times where , after a TR1 announcement everyone likes to assume that all it needs is for the institution to finish and sell out and then it’ll turn. Often it’s found later that the party hadn’t been selling anymore after all.

Sadly - like so much in the country now - the system is corrupt. More and more the mechanics are engineered to facilitate the large market participants to ‘game’ the system to maximise financial benefits and exert ultimate control.

Obviously It’s been lowered - along with everything else.

Surely the SLAA has to have some involvement somewhere in the new airport and therefore their agreements come in to play. You can’t have an airport authority that doesn’t have authority of an airport in that country ?

Clearly though, once this airport opens then flights are going to go there and not the old airport so there is going to be an impact. Question is, are WSG going to be on the right side of any impact or going to end up marginalised ? I can almost see Foolers feeble protestations now.

Personally, I don’t think he’d have the PI support to get a placing away even at discount. There would be no post-placing spike to sell in to so the only way for placees to gain would be to forward sell. If funds are needed without the overdraft then I can see a death spiral type arrangement being the only way.

This would be ruinous for shareholders but Fooler gave up on shareholder value or returns a long time ago.

Max - I don’t see it delisting. They can go to the death spiral providers again, kill the price down towards nominal, do a 100 to 1 consolidation back to 10p a share and then repeat.

There is always the possibility of going back to some form of CULN type arrangement.

The price at present is unlikely to rise much with or without news because most people are expecting a raise. To get one away at the moment people will want to know that something is coming that will give them the chance to sell in to a rise. Alternatively they try and get something away after significant news, but again people expect that a placing comes after any positive announcement.

Bilge - it would make sense for the company to use that overdraft and look to get the DRC signed and started. If - and it would be a big if - the company could stand on it’s own 2 feet then the SP may reflect that. Unfortunately I don’t think many believe Fooler can achieve this and in the meantime he has spent years shafting shareholders whilst trying to convince them the company is on the edge of transformational change.

A case of using the lube whilst offering jam.

Ie. 4p kitchen sink raise a couple of years ago.

I can’t see there not being a requirement in the next couple of months and I can’t see it not being done at a discount to current price.

As for the rest, we’ll it’s just maths. Given the collapse in SP from the last raise - barely more than 12 months ago - any equity based funding is going to require significant dilution in order to get even half the amount last raised.

Bilge - my conclusion is based on past performance as well as the general mood.

This company has spent years existing on placings and bucket shop finance deals - usually twice a year so the fact we’ve gone 12 months would suggest it might be needed soon. TW - love him or hate him - is generally accurate with his reporting and suggestions that a placing is being worked has nearly always come to fruition in the past.

Also, historically, unless it’s being done after a post contract pump, WSG placings have been done at a discount and sometimes quite a significant one ie. 4p ki

TW is rarely wrong on this sort of thing so it’s pretty evident that a placing is on the way.

The last raise was 14 months ago at 5.7p and now the chances are that at best they may get one away at .7p. That would mean to raise a mere 1 million pounds they’d have to issue over 140 million shares at that price - over 40% more shares in issue.

Pretty dire but follows the trajectory this company has been on for years.

Good luck to holders tomorrow.

I think the best anyone can hope for is likely to be a ‘steady as it goes’ update, albeit that they’ll almost certainly have to concede that 2022 revenues are unlikely to be met. The updates on DRC etc will be interesting as to whether there is any positive movement. Even if it’s been canned, he’s never going to say as much - every MoU is still live remember, even those that have been ongoing for a decade or more.

Unless there is something drastic around funding, I’d anticipate little movement in the SP. Clearly very few bothering to sell at this level and , without some extra sweet jam, nobody interested in buying either.

Tosca have committed their shareholding in support of this bid and it is binding. If you read the full document , including Appendix 3, this sets out who has backed the offer and the very limited circumstances in which they can withdraw that support.

I wouldn’t hold up hope on Tosca coming to the rescue.

Having read through the full announcement in a bit more detail, I don’t see there being a bidding war.

Bidco have received binding commitment for over 50% which can only be broken on quite stringent circumstances. This includes shareholdings of Toscafund and Ray Kelvin, therefore they are committed at this level.

On that basis, I have decided to sell and take my small profit knowing that I’m one of the lucky ones not to have been in higher.