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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Waterman Group | LSE:WTM | London | Ordinary Share | GB0009422543 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 139.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 138.00 | 141.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 139.50 | GBX |
Waterman (WTM) Share Charts1 Year Waterman Chart |
|
1 Month Waterman Chart |
Intraday Waterman Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/6/2017 | 17:06 | Waterman Group | 1,914 |
| 28/7/2009 | 10:50 | WATERMAN STRONG ORDER BOOK & BALANCE SHEET | 36 |
| 19/6/2007 | 23:46 | West Timmins Mining: success thru drilling? | 14 |
| 27/2/2004 | 16:51 | Looking to invest - Waterman / White Young Green / Alizyme? | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/6/2017 14:28 by nk104 Offer is now wholly unconditional. So awaiting 140p per share in the satchel in due course. |
Posted at 12/5/2017 10:53 by ed 123 Yes, holders can sell above the offer price. Someone preparing to spoil CTI's party?Difficult one, as CTI must have >30% by now? |
Posted at 09/5/2017 19:43 by redartbmud mfhIt is 'dead money now'. I have no idea how many weeks it will be before the proceeds of the sale are received. Unless there is another bid, that is it. Some sell up and reinvest into other companies that my give a return far quicker - dividends or increase in the share price. In the very unlikely event that the bid fails, the share price will fall back. |
Posted at 09/5/2017 16:31 by mount teide Presumably, like many, when i checked and saw there were some 39 new messages this morning for WTM on ADVFN, on what is generally a very quiet thread, before clicking on it, immediately thought it could be only one of two things:Takeover announcement at a modest premium to the share-price (would have been delighted with 115p - 120p) or A profit warning due to a downturn in UK business post the Brexit vote. Even though i felt the market cap of the company represented excellent value, feared the odds were probably more skewed towards it being the latter rather than the former. To secure an offer at a 83% premium to the existing share-price in the current industry climate is a remarkable achievement - once again well done to the Board. Will be raising a good few glasses tonight in appreciation! |
Posted at 09/5/2017 15:54 by mount teide Considering the huge premium to the share-price, remarkable that news did not leak beforehand.Very low volume in the week before this announcement. Only two trades in 5 figures: 15000 buy - two days ago (well done!) 34600 sell - four days ago (ouch - a cool £22.5k left behind - been there done it, so know the feeling!) Such is life ! |
Posted at 09/5/2017 11:22 by ed 123 Mattboxy. It may only be temporarily like that. Could only guess, but it's maybe the bidder (or agent for) mopping up shares at a price just below its takeover offer. Then, there's a normal market working alongside that, so the normal market maker might be bidding say 137p but you don't see that when you hit your sell button because the best price only is presented. The buy at 139.4p is the normal rsp buy price from a market maker. Stamp duty stops anyone benefitting from the difference.I see there's a trade at 140p gone through for 2.5 million shares. That's maybe someone buying those aggregated sells of c. 139.5p? Edit On further inspection, I see that Hargreave Hale agreed to sell 2,575,000 shares to CTI at 140p. So, that better explains the above mentioned 140p trade. Fwiw, I'm still holding my Waterman shares. As others have said, there have been occasions when a higher bid has come along. However, CTI have commitments which will give them 26% of the equity, so realistically would anyone else come along? |
Posted at 09/5/2017 10:47 by blobby Any suggestions for what to replace WTM with? Anything similar? |
Posted at 09/5/2017 08:01 by mattboxy The boards of directors of CTI Engineering Co. Limited ("CTI") and Waterman Group plc ("Waterman") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by CTI to acquire the entire issued and to be issued share capital of Waterman not already agreed to be acquired by CTI ("Offer") by way of a contractual offer under the Takeover Code and within the meaning of Part 28 of the Companies Act 2006. Under the terms of the Offer, accepting Waterman Shareholders will receive 140 pence in cash for each Waterman Share held. The Offer Price represents a premium of approximately:o 83.01 per cent. to the Closing Price per Waterman Share of 76.50 pence on 8 May 2017 (being the last Business Day prior to the start of the Offer Period)?o 84.89 per cent. to the one month volume weighted average price per Waterman Share of approximately 75.72 pence for the 30 days ended 8 May 2017 (being the last Business Day prior to the start of the Offer Period); ando 84.17 per cent. to the three month volume weighted average price per Waterman Share of approximately 76.02 pence for the three months ended 8 May 2017 (being the last Business Day prior to the start of the Offer Period). The Offer values the entire issued share capital of Waterman at approximately £43 million. |
Posted at 18/3/2017 09:55 by brummy_git Hi Norbert – agreed, WTM could see a material dip in earnings over the next one to 2 years given its high operating leverage . That said, if the shares follow suit, then your projections of a trade buyer appearing would probably come true, thus putting a floor under price |
Posted at 28/2/2017 08:50 by glaws2 Profits increasing - not to mention the share price :) |
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