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WAGN Wagon

1.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wagon LSE:WAGN London Ordinary Share GB0009327056 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wagon Share Discussion Threads

Showing 1301 to 1324 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
10/9/2008
21:34
Are we stuck here?

Or is it just that everyone is waiting to see if the market is going to collapse this month

We are holding up quite well compared to the market


(Favourite investments: JRVS, WAGN, BLR)

hybrid07
07/9/2008
20:58
Seems fairly well stuck in a trading range at present.Buying under the RI price seems good value still but what is required is further signs of recovery.Could they suprise the market and beat expectations going forward?
trygve
26/8/2008
06:31
NAGOLD, GERMANY-United Kingdom-based Wagon plc, a manufacturer of vehicle body structures, is working a sale-leaseback of two manufacturing sites--Waldaschaff and Nagold--with WP Carey & Co. LLC for $58 million through their publicly-held, non-traded REITs--CPA(R):15 and CPA(R):17. WL Ross & Co. LLC will also provide funding of approximately $70 million to the manufacturer in the form of special rights offering of Wagon Common shares.
Wagon was originally a railway wagon repair business, but has altered its focus over the years to automobiles. Specializing in design, engineering and manufacturing of body structures and closure systems, Wagon's customers include Peugot, Renault, Daimler and Volkswagen with 22 plants in 10 countries.

"The new capital from WL Ross and WP Carey comes at an ideal time," explains Richard Cotton, CFO of Wagon, in a statement. "It enables us to fund our growth initiatives, support the company's recent contract wins with IVECO and Porsche, and repay existing debt facilities.

WP Carey is also providing $10.5 million in financing to meet Wagon's expansion plan. While WL Ross uses its deal to increase its stake in Wagon from 15% to more than 75%. WL Ross is a principal investment firm and specializes in helping distressed companies. WP Carey provides long-term sale-leaseback and build-to-suit financing for companies.

trygve
26/8/2008
06:27
Dean there is no overhang. Brush up on the news.



W.P. Carey Closes $58M Sale-Leaseback in Germany
Aug 20, 2008
By: Barbra Murray, Contributing Editor

New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc.

The properties involved are Wagon's manufacturing facilities in Waldaschaff and Nagold, and, as per terms of the agreement, W.P. Carey will shell out an additional $10.5 million to facilitate the autotomotive components company's manufacturing plant expansion plans.

In addition to supplying financing to increase the size of its manufacturing plants, the sale-leaseback deal provides Wagon with the financial wiggle room to funnel money into other growth initiatives, and to repay existing debt facilities. Wagon joins a group of industrial companies that have recently found a new lease on life, so to speak, with W.P. Carey through the disposition of their German-based plants. At the end of last month, the investment firm closed an $18 million sale-leaseback transaction with The Leipold Group through CPA(R):16, snapping up three of the engineering and telecommunications parts supplier's German manufacturing plants and one facility in the U.S. Also in July, W.P. Carey, announced a $30 million sale-leaseback through CPA(R):16 with Sc hoeller Arca Systems for the reusable transit packaging developer's Monheim, Germany, and Nurieux, France properties. July also brought a $58 million deal through CPA:16 and CPA:17 with IT distributor Arques Industries for its Soest and Bad Wünnenberg, Germany, properties, which were leased back to Arques' portfolio company Actebis AG; Actebis maintains its global headquarters at the Soest location, while the Bad Bad Wünnenberg site serves as a logistics facility.

trygve
20/8/2008
16:15
Napoleon,

Ignore HVS.... he delights in arriving on BBs where there have been sharp falls with his obnoxious LOL type comments....he is renowned for it....a pretty sick individual.....he also is totally uninformed.

mikey34
20/8/2008
15:55
W.P. Carey Closes $58M Sale-Leaseback in Germany
Aug 20, 2008
By: Barbra Murray, Contributing Editor

New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc.

The properties involved are Wagon's manufacturing facilities in Waldaschaff and Nagold, and, as per terms of the agreement, W.P. Carey will shell out an additional $10.5 million to facilitate the autotomotive components company's manufacturing plant expansion plans.

In addition to supplying financing to increase the size of its manufacturing plants, the sale-leaseback deal provides Wagon with the financial wiggle room to funnel money into other growth initiatives, and to repay existing debt facilities. Wagon joins a group of industrial companies that have recently found a new lease on life, so to speak, with W.P. Carey through the disposition of their German-based plants. At the end of last month, the investment firm closed an $18 million sale-leaseback transaction with The Leipold Group through CPA(R):16, snapping up three of the engineering and telecommunications parts supplier's German manufacturing plants and one facility in the U.S. Also in July, W.P. Carey, announced a $30 million sale-leaseback through CPA(R):16 with Sc hoeller Arca Systems for the reusable transit packaging developer's Monheim, Germany, and Nurieux, France properties. July also brought a $58 million deal through CPA:16 and CPA:17 with IT distributor Arques Industries for its Soest and Bad Wünnenberg, Germany, properties, which were leased back to Arques' portfolio company Actebis AG; Actebis maintains its global headquarters at the Soest location, while the Bad Bad Wünnenberg site serves as a logistics facility.

hybrid07
20/8/2008
10:35
hvs - you might be barking up the wrong tree.

Debt was the problem, & is no more.

Weakness could be falling car sales in a recesion, but IMHO Ross is the sort to weather that & use opportunities to expand in anticipation of better times.

After all, it's his company now, init?

napoleon 14th
20/8/2008
06:37
lol !!!!!

Expect more losses here. They are on a growth strategy.

Jn von Heyden, Chief Executive, said: "The completion of the Property Disposal, brings to
a conclusion the refinancing initiatives
announced on 4 June 2008, and enables us to confidently pursue our growth strategy."

hvs
19/8/2008
13:58
WL Ross & W. P. Carey Provide $128 Million in New Capital to Wagon plc
Marketwire
August 19, 2008: 09:15 AM EST

Investment firms WL Ross & Co. LLC and W. P. Carey & Co. LLC (NYSE: WPC) have completed their respective investments in European automotive supplier Wagon plc. WL Ross contributed approximately $70 million of new capital via a special rights offering of Wagon common shares, while two of W. P. Carey's publicly held non-traded REITs, CPA®:15 and CPA®:17 - Global, provided approximately $58 million via a sale-leaseback of Wagon's manufacturing sites in Waldaschaff and Nagold, Germany.

"The new capital from WL Ross and W. P. Carey comes at an ideal time," said Richard Cotton, Chief Financial Officer of Wagon. "It enables us to fund our growth initiatives, support the company's recent contract wins with IVECO and Porsche, and repay existing debt facilities."

Founded in 1918 as a railway wagon repair business, Wagon now focuses on the design, engineering and manufacture of vehicle body structures and closure systems and is one of the leading European suppliers to the automotive industry. Its top customers include Peugeot, Renault, Daimler, and Volkswagen. Listed on the London Stock Exchange (LSE: WAGN), Wagon employs 6,500 people across 22 plants in 10 countries.

"We are delighted to support a portfolio company backed by Wilbur Ross," said Jeffrey Lefleur, Director of W. P. Carey. "Furthermore, with this transaction closed, we've provided more than $150 million in sale-leaseback financing in Europe in the last two months, once again affirming our position as a leading source of alternative long-term finance." W. P. Carey also committed to providing an additional $10.5 million of financing to meet Wagon's specific manufacturing expansion plans.

Noted billionaire investor Wilbur Ross, who will see his firm's position in Wagon increase from 15% to well over 75%, commented, "We were supportive of the sale-leaseback with W. P. Carey as an alternative method of raising capital and enhancing Wagon's long-term value." Mr. Ross also has created International Auto Components Group, a leading global supplier of automotive components and systems formed from the former interiors divisions of Lear and Collins & Aikman and by the acquisition of Plascar in Brazil and MBK in Japan.

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth more than $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms release capital tied up in real estate assets. Now in our 35th year, the W. P. Carey Group's real estate holdings are highly diversified, comprised of more than 850 commercial and industrial assets spanning 28 industries and 14 countries. www.wpcarey.com



COMPANY CONTACT:
Kristina McMenamin
W. P. Carey & Co. LLC
212-492-8995
Email Contact
PRESS CONTACT:
Guy Lawrence
Ross & Lawrence
212-308-3333
Email Contact

hybrid07
19/8/2008
11:14
with all that stock overhangto sell into the market, I may wait for the bargain nearer 1.5-2p
deanroberthunt
18/8/2008
14:59
Well thats good that there are no suprises in the IMS


Wagon Interim Management Statement




RNS Number : 5586B
Wagon PLC
18 August 2008


18 August 2008


Wagon plc

Interim Management Statement & Property Disposal Completion

Wagon plc, the European automotive components group, announces the following Interim
Management Statement relating to the period since 1
April 2008.

Following the refinancing initiatives announced on 4 June 2008, the Rights Issue and
Revised Debt facilities have completed, as
previously announced. In addition, we are pleased to announce that the Property Disposal, as
detailed in the Prospectus dated 5 June 2008
("the Prospectus"), has completed today. The consideration for the Property Disposal is
approximately EUR34.5 million (before expenses) and
the Company intends to use approximately EUR30 million of the proceeds to reduce the Revised
Debt Facilities to approximately EUR125
million.

Trading since the Preliminary Statement has remained broadly in line with the Board*s
expectations. The Board remains alert to the potential
for margin pressures from raw material price volatility and the increasing economic
uncertainty affecting market volumes.

As a result of the refinancing initiatives, there has been a significant improvement in
the financial position of the company since 31
March 2008.

Terms used in the Prospectus shall have the same meaning when used in this announcement
unless the content otherwise requires.

Jn von Heyden, Chief Executive, said: "The completion of the Property Disposal, brings to
a conclusion the refinancing initiatives
announced on 4 June 2008, and enables us to confidently pursue our growth strategy."

- Ends -

For further information, please contact:
Wagon plc
0121 329 4030
Jn von Heyden, Chief Executive
Richard Cotton, Finance Director
www.wagonautomotive.com

Hogarth Partnership
020 7357 9477
James Longfield
Anthony Arthur


About Wagon plc
* Wagon plc is one of the leading suppliers of roll-formed solutions, body in white
structures, closure mechanisms, and comfort
systems to the automotive industry, operating in 22 plants across 10 countries.
* The group delivers collaborative engineering and manufacturing expertise to
automotive OEM's and other automotive Tier 1
suppliers, focused on technology, innovation and operational excellence.
* Wagon's share price is quoted in the Financial Times, and on its web site:
www.wagonautomotive.com

This information is provided by RNS
The company news service from the London Stock Exchange

trygve
18/8/2008
11:00
I sincerely hope so. I do think you were a little optimistic in declaring the potential of it becoming a ten-bagger. There are now 11 times as many shares. If the recent glory can be restored, a 20 pence would be all we could reasonably expect. Still, that would be a five-bagger: not bad.

I still haven't tried whether I can place WAGN orders directly on the LSE order book. But given the size of the company, it should be a SetsMM stock and I should be.

Such a shame that I cannot with WAGA. The spread remains as wide as ever. Recently the MM took a few at 39. If I could, I'd set my bid next to our MM friends' bid; it would save me a almost 15%!

Anyone interested in selling some WAGA to me directly?

zastas
18/8/2008
10:16
You may be correct Zastas and only time will tell with this one.The bid price is creeping higher though which is positive and if past history is anything to go for any bid should be at a 30% premium to the RI price.I would therefore be looking at 5p plus.Taking that into consideration the downside is severly limited whilst the upside return should be good.
trygve
15/8/2008
15:55
Trygve, you mean Mr Ross is buying up more even cheaper. On his way to the 90%.
zastas
15/8/2008
13:21
People seem happy to pick these up as they are still under the RI issue price so hopefully we should see the market move this over the 4p level soon.
trygve
14/8/2008
22:55
topvest I realize that now. This may take some time to recover as sales may be low if people spend less money on cars
hybrid07
13/8/2008
12:03
Missed this yesterday


Announcement re: Rights Issue (Wagon)




RNS Number : 1517B
Wagon PLC
12 August 2008

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA,
CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES


12 August 2008

Wagon plc

Completion of Rights Issue and Revised Debt Facilities

Wagon plc ("Wagon" or the "Company") is pleased to announce that, following the receipt of
the Rights Issue underwriting proceeds from
the Underwriters, the Rights Issue has now completed and 976,665,998 ordinary shares have been
issued to the Underwriters. Further to the
Company's announcement of the results of the Rights Issue on 4 August 2008, 241,999,802
ordinary shares have already been issued to
shareholders who elected to take up their rights. Accordingly, the Company currently has 1,
334,742,684 ordinary shares in issue.

In addition, following the satisfaction of the outstanding conditions precedent, the
Revised Debt Facilities have also completed. The
Property Disposal is expected to complete shortly.

As indicated on 5 August 2008, a further announcement will be released shortly in relation
to the admission of the Company's ordinary
shares to trading on AIM, which will include the expected timetable.
Terms used in the Company's prospectus dated 5 June 2008 ("the Prospectus") shall have the
same meaning when used in this announcement,
unless the context requires otherwise.

trygve
11/8/2008
16:18
I recently bought some WAGA. Just went a little - soon ?much- too early: the offer has dropped two pence more.
Very wide spread now, 41-46,NMS 1000. Recently the MMs took two lots of 50.000 for each under 41. They have indeed stock: I can buy 25000 at 45.5, but only sell 5000 at 41. I will buy more but not with this wide spread. Just will wait till the offer is dropped a little.

zastas
11/8/2008
15:15
There are alot of things to be worked out but then again this is why the price is where it is.Once we have everything sorted then hopefully the stock will move back to a higher level.
trygve
11/8/2008
14:53
WAGA has also fallen considerably. Now on pre-tax 20% yield.
Falling because of the usual forced sellers as described above? Or switched-on investors bailing out , fearing that perhaps Mr Ross will now also cancel the WAGA dividends . That would remove the attraction of holding the pref stock.

zastas
11/8/2008
11:42
Best activity in this stock for a while.Seems like they are trying to create a market.Bought a few the other day myself and also hope to make a good return on these.
ucnut
11/8/2008
09:49
Looks as though the activity is picking up al last.It would be good to see some positive press now that the balance sheet has been significantly strengthend.
trygve
11/8/2008
06:31
I expect most are holding at significantly higher prices and are taking the option as you have put it of buying "cheap stock".
trygve
09/8/2008
14:15
Correction: the director actually got 200.000 through the RI. Only had 20.000 before it, not exactly a huge commitment to his employer, and has topped up with another 20.000 'cheap' shares.
zastas
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older

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