Wallgate Share Discussion Threads

[minusy] 05/8/2004 15:29

wasnt this one of mark watson mitchells tips? does anyone know where i can find any info (not mwms site i am not a member and dont want to be). Well done to everyone involved - I would quite like to post something over on finfoex.com about this one - can someone point me in the right direction please.

[tamaybroke] 05/8/2004 12:41

Anyone new to this share would be advised to read all PSmiths64 posts and Tiredoldbrokers as they clearly lay out the dire state this company is in.

[vision88] 05/8/2004 12:10

snakes and ladders share, the bid is pathetic

[psmith64] 05/8/2004 11:46

topchat - 5 Aug'04 - 11:21 - 1023 of 1025

blimey paul ?
i think lessons are being learnt here and upwards trend looks likely from now on ,ticked up again and yes customer & investor confidence is on board here can you not see it?
looks like a rebound is due here ,

Topchat - upon what have you based this bold statement on, back it up with facts, and if anything, the share has " ticked " back down again, because there in no invstor confidence in this share.

Just because we have an RNS announcing £ 1 million of work, there will not be any investor confidence until that is traded through, and we see a reversal of the last 5 years losses, in what has been one of the most bouyant times for this sector, and if they can reverse the trend, then we may see some confidence return, but only then, and as for customer confidence, well lets see if they get through the work, and manage to pay their subbies and suppliers on time, to ensure continuity of work on site, there are still a lot of subbies treading carefully, and the longer the uncertainty goes on, they will move to pastures new where there is more certainty.

Regards

Paul

[psmith64] 05/8/2004 11:33

Topchat - no they are not new, but very soon they are going to get a reputation of buying good profitable companies, using all the cash, to the point that they need to buy another strong company to keep going.

The only problem now is, you can only do that for so long, and do not think investors will wear it again.

This time they are going to have to trade out of their problems, but with very little money in the pot, and them keep losing every year, the outlook in my opinion, is not good.

A company of this size needs at least £ 3,000,000 in the bank to trade properly, and they haven't got it, so rely on the credit of suppliers and subbies, because they can't get enough off of the bank, then they end up not paying people on time ( even after all the recent refinancing ), then they get a cashflow crisis, then what next, who knows another suspension like in May, or liquidation, they must be sailing close to the wind, and it won't be long before someone puts in a winding up petition in, time will tell, but you must only put money into this one that you can afford to lose in its entirety, hence the reason I have only £ 100 invested, which I regard as nothing better than a bet on a horse at 500/1.

If there was good value in this share at present, do you not think the directors would be piling in abundance to top up and strenghen their own position, afterall, they don't own very much,if I was a director in their now, and had confidence, I would be buying like crazy if I thought there was value, and if I didn't think there was good value there, I wouldn't be buying.

Well, the directors are not buying, so that tells me they know the writing is on the wall, yes they invested £ 30,000 recently by cashing in loan notes, but so would I have done if I bought them at 0.10p, and knew there was limited time to get an 80% return as at present, it is a bit better than the 4% per annum they would have been getting as loan notes.

Anyway TOPCHAT - good luck if you piled in this morning, you are going to need it, as it sounds like you did no homework, and jumped on the bandwagon like the MM's were hoping a few more people would have done this morning on impulse because they saw a 20% northwards move.

Regards

Paul

[biomax] 05/8/2004 11:22

spreas almost 50%

[tiredoldbroker] 05/8/2004 10:50

So topchat, you start by saying the shares are going to 10p short term (you don't seem to know that would mean a market value of £300m), then you ask if they're a new company, then you seem to suggest you think the company name is "wiggings group".

I can't tell if you're very stupid, or if this is a very clever ramp. The name of this stock is Wigmore Group, not "wiggings" and maybe you should go back and read the various RNS announcements from the last few months to see what a mess they're in.

[rcktmn] 05/8/2004 10:15

TC - It's looking bad. This morning's gains all but wiped out. I suggest game is not on ! no need to hold tight ?
Due to the market mood, this share, like many others is not propelled by any good news.

Need to get good news with the next set of results for this one to start going up.(imho)and alot more worthwhile contracts..

[partner] 05/8/2004 09:13

Look at time 8.02 am.Must be a buy.

[kaj] 05/8/2004 09:05

psmith, at least it is a start of better things to come. IMHO I think this will more than double by end of today.