||EPS - Basic
||Market Cap (m)
|Automobiles & Parts
Wagon Share Discussion Threads
Showing 1351 to 1374 of 1375 messages
|No nothing Mikey|
Any further details?|
|Just noticed a Corporate Action Rights Issue for WAGN today. Anyone heard anything?|
|not wagons fault, so were is all the profit from previous years when we were buying cars or has it never been in the blue.|
|Not WAGON's fault - We are not buying cars - and RBS (a bank to which we have ploughed in loadsamoney) are unwilling to finance WAGN.|
|Another one bites the dust, good-bye Wagon you B-------.|
|strong trade rumours of impending collapse.|
|Anyone noticed this ... !!??
RNS Number : 9381I
25 November 2008
25 November 2008
Preference share dividend and Interim Results
Wagon plc ("the Company" or the "Group"), the European automotive components group, makes
the following announcement in respect of its
7.25% (net) Preference Shares, and its Interim Results for the six-month period ended 30
On 13 October 2008, the Board announced that it was involved in constructive ongoing
discussions with its lending banks and principal
shareholder (being the WLR Funds*) to address a capacity shortfall in the Group's invoice
These discussions continue to be pursued. However, in light of the current financial
situation of the Company and increasingly difficult
trading conditions across the Group's markets, the Board has resolved not to pay the second
tranche of the fixed cumulative preferential
dividend relating to the Preference Shares in respect of the financial year ended 31 March
The Board will consider the payment of the dividend relating to the Preference Shares once
the outcome for the year ending 31 March 2009
is known. Trading in the Preference Shares on the Official List and in the Ordinary Shares on
AIM remains suspended pending the outcome of
the Group's funding discussions.
The Board also announces that it is delaying the publication of the Group's Interim
Results for the six-month period ended 30 September
2008 until the outcome of its ongoing discussions with its lending banks and principal
shareholder are concluded. A further announcement
concerning the timing of the publication of these results will be made in due course.|
|So these have been suspended....
Went past without a whimper so I didn't notice.
I forget the grounds for this suspension, but the general auto market is grim enough to dive under any cover available!
I saw elsewhere a note about H108 earnings being issued today.
Obviously no hurry, or wrong date.|
|maybe the plan is to be suspended until the recession is over....seems like a cunning plan, lol|
|The company seems to think different according to todays RNS.|
31 October 2008
Wagon plc ("Wagon" or the "Group"), the European automotive components group, announces that it has today entered into an agreement to sell its former operational headquarters office building and engineering centre in Poissy, France, ("the Property") for a consideration of 4.3 million payable in cash on completion. The purchaser is Trapil, the pipeline network operator based in France.
The Property is surplus to requirements. It has a UK GAAP net book value of 2.4 million, and the Group intends to use the proceeds as part of its working capital requirements. The divestment is expected to have a negligible effect on the Group
The transaction is conditional, inter alia, upon the Poissy Municipality resolving not to exercise its pre-emption right to purchase the property, and completion is expected to take place on or before 31 January 2009.
Further to the Group's announcement on 13 October 2008, the Group continues to have constructive ongoing discussions with its lenders and its principal shareholder (being the WLR Funds*) and a further announcement will be made in due course. In the meantime the suspension in trading in Wagon's ordinary and preference shares will continue.|
|Mikey34 - I hate to say it, but HVS had a point of sorts!
I don't mind being wrong & going back on what I said,
but this RNS is what I don't enjoy being wrong about!
Still, IMHO this is down to a bad phase in their market
& if they adjust to it, as seems to be the case, they should pull thru'.
Or will Mr Ross snap it up for a song after all?
The rest of his motor business must be feeling the same pinch, tho',
what with Ford & GM near bankruptcy/Chapter 11....|
|I can't see this ever coming out of suspension.|
|I'm afraid you're probably right...Administration and Mr Ross may be inclined to pick up the company and debt for 1p (not per share, just so there is no doubt).....
why were Directors buying less than a month ago??
PDMR Date of Purchase Number of Shares Price paid per share
Howard Evans 26 September 2008 150,000 £0.0346p
Mr. Evans previously held no shares in Wagon plc.
Bet he wishes he still didn't hold any shares...oops, he basically doesn't now|
|Makes you realise just how bad things are getting...and how fast things are moving. The speed of this one unfolding is even faster than the banks!|
|Game over for shareholders. This is a disgrace. They only completed the rights issue 2m ago. Effectively bust within a week of listing on AIM - Is that a record? Glad I didn't take up the rights issue. Somebody is going to get some flak over this; the rights issue document was signed off such a short time ago, and now its effectively bust!|
|What do we think shareholders will end up with. About 1p or about 0.1p? Or 0p?|
|this appears to be a mechanism for Mr Ross to take this private for nowt....|
|oh dear! Just when I thought things couldn't get much worse.|
|well we have our answer.
|I cannot expertly answer your two-part question, but I would guess the latter answer is future cash flow and the former reflects the latter.
It might be worth running a calculator through the last few documents and checking the source of cash flows. Scope for further asset disposals must be limited.|
|Coolen, do you understand this company? Why is the share price so low, and what is the main risk here?|