Wallgate Share Discussion Threads

[psmith64] 25/8/2004 11:58

Just tried a dummy sell on the shares I bought as a gamble and was offered 0.11p

Well, looks like the end is drawing near now,

What do you think now SAGEM/TOPCHAT, are you still topping up at this giveaway price.

Just bear one thing in mind, if this was good value now, would the directors not be piling in in ?????????

It can only be bad, and if anything good comes of it, it means that hopefully people like Peter Hewitt should never again be trusted with other peoples money, or that of the subbies and suppliers he is using to finance this company.

Regards

Paul

[psmith64] 25/8/2004 11:58

Just tried a dummy sell on the shares I bought as a gamble and was offered 0.11p

Well, looks like the end is drawing near now,

What do you think now SAGEM/TOPCHAT, are you still topping up at this giveaway price.

Just bear one thing in mind, if this was good value now, would the directors not be piling in in ?????????

It can only be bad, and if anything good comes of it, it means that hopefully people like Peter Hewitt should never again be trusted with other peoples money, or that of the subbies and suppliers he is using to finance this company.

Regards

Paul

[day_dreamer] 25/8/2004 10:18

Looks dire today and your posts PS and TOB were spot on
to warn people about this company, looks like a lot of people
who bought in big have at present lost quite a % of their money
so far.

Surprised Evo have not dropped the offer to around 0.13p to try and
clear more stock.

Gravy

[psmith64] 25/8/2004 08:04

Yes, maybe you are right there TOB, one of the same by the looks of it.

How can these people still put confidence in this company, that has lost them money before the suspension, and is now doing the same since trading has re-commenced.

One minute one deal is the best since sliced bread ( Square Mile ), then it gets dumped for another ( Burnbrae ), which looks far worse than The Square Mile deal now it is beginning to unfold in its entirety,

One bungle after another, and I am sure there are more bungles to come, especially the way they have let Blancahrds slip, which is losing good long standing staff because of the mis-management, and its ability not to be able to pay on time, how are they going to attract top quality staff as replacements, time will tell, but most local people would not touch them with a barge pole now, not while the Wigmore bunglers are in charge anyway.

And, the worst is yet to come for Blanchards, finding a replacement for Terry Bruce when his contract is up in December, he will be a very hard act to follow, and has been most of the reason why Blanchards got where it did over the last 20 years.

It is such a shame how a great company that has traded positively over the last 30 years, came through a bad recession when many companies fell by the wayside, and then crumbles within a year after being part of the Wigmore Group.

Hewitt and Co ought to be ashamed of themselves, and should resign, this is proof enough that they are not fit to look after other peoples money, and it really makes you wonder why Burnbrae are taking an interest, one thing is for certain, it is not for the management, so lets hope that Burnbrae have something else up their sleeve, maybe they just see this as a cheap entry for a listing for their hotel chain, and have pledged a job as porter or something for Hewitt hence the reason he is giving away the company to them on the cheap at the shareholders expense.

Regards

Paul

[tiredoldbroker] 24/8/2004 22:27

How interesting - first a poster called topchat starts a thread where he thinks WGT is called Wiggins Group, now Sagem (who apparently has money invested in this crock) makes the same mistake. I wonder if the two are related ?

More to the point Sagem, I now realise that you've lost 95% of your investment in this company without even seeming to know what its name is.

Oh, and the latest subscription by Burnbrae isn't good news - it may keep WGT afloat, but at the cost of even more dilution of small shareholders, by issuing millions of shares at a price below the market level.

[psmith64] 24/8/2004 18:41

More bad news for Blanchards, another Key memeber of staff has handed in his notice today, a contracts manager who has been with them a long time.

Another hard person to replace, and another indication that it is not a happy place to work at the moment.

Well, that is two of the four Key people that I knew had been offered jobs gone, only time will tell if the other two jump ship.

I can only imagine the reason Burnbrae are investing is to try and dispose of the badly performing parts of the company, and hopefully management that are now giving the company away, and maybe using the remaining shell to float it's classy looking hotel chain, with maybe the chance of keeping Speymill in some form to look after the maintenance, just a thought.

Another question, why are they raising £ 500,000 in this way, which dilutes the current situation further, when they could probably sell the Industrial site that Blancahrds operates from for the same or more, this would also lead to cost cuts for Blanchards, because there are a lot of places they could move to in the area, where they would pay far less rates.

Oh well, Hewitt knows best, doesn't he ?????????

Regards

Paul

[psmith64] 24/8/2004 18:36

More bad news for Blanchards, another Key memeber of staff has handed in his notice today, a contracts manager who has been with them a long time.

Another hard person to replace, and another indication that it is not a happy place to work at the moment.

Well, that is two of the four Key people that I knew had been offered jobs gone, only time will tell if the other two jump ship.

I can only imagine the reason Burnbrae are investing is to try and dispose of the badly performing parts of the company, and hopefully management that are now giving the company away, and maybe using the remaining shell to float it's classy looking hotel chain, with maybe the chance of keeping Speymill in some form to look after the maintenance, just a thought.

Another question, why are they raising £ 500,000 in this way, when they could probably sell the Industrial site that Blancahrds operates from for the same or more, this would also lead to cost cuts for Blanchards, because there are a lot of places they could move to in the area, where they would pay far less rates.

Oh well, Hewitt knows best, doesn't he ?????????

Regards

Paul

[sagem] 24/8/2004 18:26

This is good for us investors as BURNBRAE is very good for the company wigmore group that is of course, lets hope the share price will start moving up



LONDON (AFX) - Wigmore Group PLC said it has signed a convertible redeemable
unsecured loan note worth 500,000 stg with Burnbrae Ltd, marking a further step
in Burnbrae's investment in the company.
The loan notes will only become convertible once shareholder approval is
obtained for their conversion rights by Oct 8, otherwise the full loan will
become immediately repayable.
The loan notes will be convertible at a rate of 100 new ordinary shares in
Wigmore for every 11 pence of loan note and upon conversion, Burnbrae will be
granted 1 warrant for every 2 shares then issued.
The warrants will be exercisable for three years from the date of grant at
0.11 pence per share.
[e-mail]
ra

[day_dreamer] 24/8/2004 07:27

Good debate none the less on the thread and that's what
it was set up for.

Still not a rec to buy or sell this stock !!

Gravy

[starsiva6] 24/8/2004 07:09

very sensible post.

[sagem] 24/8/2004 07:06

I dont know of anybody who has been FORCED to buy shares in companies...investors buy of their own accord and can hardly blame so called rampers or tip sheets. The key to buying is research and more research until you are as satisfied as you can possibly be to feeling confident in your purchase and decision. When you buy shares you have no quarentees and if things go wrong you can only blame yourself and NOT others, that's how I invest.

[argy2] 23/8/2004 22:02

I'm assuming corporate action will involve removal of that management and a new game plan for the future.Hardly rocket science.As for tipsters, do you really believe people pay for their professional advice and then spend a long time researching?...now who's being naive?

[tamaybroke] 23/8/2004 21:38

ARGY what you stated was a bit naive,"i suspect corporate action may determine the future share price rather than the mis-management of the past".Its that mis-management of the past that are still managing this company so therefore they will affect the share price with their actions,plus blaming tipsters is even more naive,you must of done your own research before investing ?

[argy2] 23/8/2004 17:44

Paul

You are sounding more like a woman scorned by the day.New information would be useful but I suspect corporate action may determine the future share price rather than the mis-management of the past.But we shall see.I personally put as much blame on the crooked tippings of Dr Death etc for mis-leading investors.

[psmith64] 23/8/2004 16:47

I see some sensible people are cashing in at a loss today, better to get something back rather than nothing !!!!!!, or maybe it is still EBG making money on the 0.10p shares, time must now be running out for them to squeeze a little more out of this sinking ship, but you have got to hand it to them, they took a risk, managed to offload at a profit, but it is sad that they have made a packet out of the poor shareholders mis-fortune, having offloaded some of the earlier shares at 0.30p to Global, that must really hurt the people that have lost over 95% before the suspension. This really needs looking into somewhere, even the Hewitts have managed to obtain some shares at 0.10p, which really goes to show they have no morals at all, even the directors have the potential to make something on the back of the shareholders they care so little about, when all they are concerned about at the moment is getting another months salary out of the company, along with their other perks, and for what, oh yes, hoodwinking a placing just before the suspension, and then screwing the investors with a half baked deal that kept the liquidators coming in when there was probably more chance of salvaging something, oh yes, and then pouring more of us shareholders money down the drain when the Square Mile deal was backed out of, which has the potential to dilute the shares even further.

I still can't understand why Blanchards are still trading from the prime location they have in Salisbury, when selling this freehold asset to raise funds to clear debt surely must be a good idea at the present time, there are lots of suitable units in cheaper rated areas in close proximity, why is this not happening, this is the type of cost saving excersise that the highly paid directors should be looking at this present time, and decisions like this could justify their salaries, this question should be asked, I would ask it myself, but Hewitt will not speak to me anymore, the last message I left on his answer machine went unanswered, so maybe someone else here could ask the question, the VW Audi garage next to Blanchards would probably snap their hands off at present to get hold of Blanchards current premises, I know they want to expand, and this would enable them to do it without big relocation costs.

Looks like we should see a price drop heading towards the 0.10p mark, which will probably see one of the major investors trying to buy on the cheap, ready to asset strip and end up with a shell.

Will it be the Burnbrae camp, or will it be the Stephen Dean camp, or will it be the liqidators still, they must be sailing close to the wind, and there must be a risk of someone putting in a winding up order soon.

I also noticed that Blanchards were advertising for labour in the local press last week to enable them to carry out the recent contract wins, I wonder what responce they had !!!!!!, may cause them problems, there is not much good labour freely available at the moment, and maybe this indicates that people have already left, because £ 1 million of work when they have not had much on for the last few months should not require them to be looking for labour, and with everyone in the area knowing the current financial worries of the company I doubt they would want to jump ship from other companies in the area.

I will see what I can find out and let you all know.

Regards

Paul

[psmith64] 23/8/2004 16:46

Some sensible people are cashing in at a loss today, better to get something back rather than nothing !!!!!!, or maybe it is still EBG making money on the 0.10p shares, time must now be running out for them to squeeze a little more out of this sinking ship, but you have got to hand it to them, they took a risk, managed to offload at a profit, but it is sad that they have made a packet out of the poor shareholders mis-fortune, having offloaded some of the earlier shares at 0.30p to Global, that must really hurt the people that have lost over 95% before the suspension. This really needs looking into somewhere, even the Hewitts have managed to obtain some shares at 0.10p, which really goes to show they have no morals at all, even the directors have the potential to make something on the back of the shareholders they care so little about, when all they are concerned about at the moment is getting another months salary out of the company, along with their other perks, and for what, oh yes, hoodwinking a placing just before the suspension, and then screwing the investors with a half baked deal that kept the liquidators coming in when there was probably more chance of salvaging something, oh yes, and then pouring more of us shareholders money down the drain when the Square Mile deal was backed out of, which has the potential to dilute the shares even further.

I still can't understand why Blanchards are still trading from the prime location they have in Salisbury, when selling this freehold asset to raise funds to clear debt surely must be a good idea at the present time, there are lots of suitable units in cheaper rated areas in close proximity, why is this not happening, this is the type of cost saving excersise that the highly paid directors should be looking at this present time, and decisions like this could justify their salaries, this question should be asked, I would ask it myself, but Hewitt will not speak to me anymore, the last message I left on his answer machine went unanswered, so maybe someone else here could ask the question, the VW Audi garage next to Blanchards would probably snap their hands off at present to get hold of Blanchards current premises, I know they want to expand, and this would enable them to do it without big relocation costs.

Looks like we should see a price drop heading towards the 0.10p mark, which will probably see one of the major investors trying to buy on the cheap, ready to asset strip and end up with a shell.

Will it be the Burnbrae camp, or will it be the Stephen Dean camp, or will it be the liqidators still, they must be sailing close to the wind, and there must be a risk of someone putting in a winding up order soon.

I also noticed that Blanchards were advertising for labour in the local press last week to enable them to carry out the recent contract wins, I wonder what responce they had !!!!!!, may cause them problems, there is not much good labour freely available at the moment, and maybe this indicates that people have already left, because £ 1 million of work when they have not had much on for the last few months should not require them to be looking for labour, and with everyone in the area knowing the current financial worries of the company I doubt they would want to jump ship from other companies in the area.

I will see what I can find out and let you all know.

Regards

Paul

[argy2] 22/8/2004 21:23

Seems like the crook was able to ramp this stock via a crooked tipster and will now lose control to yet another crook.He who lives by the sword etc etc

[psmith64] 22/8/2004 11:46

Just come back off of holiday, I see the price is now getting harder and harder to keep above 0.10p that it is worth, and that is generous.

Personally, I think the company is going nowhere, and it is obvious that even with the refinancing, it is not enough for it to trade in a proper manner, as it still cannot pay its suppliers and subbies on time.

Not good, and could well be bust by Christmas.

Regards

Paul

[day_dreamer] 19/8/2004 19:31

Any more thoughts.

Definately a few were in for a very short term punt and bailed
when it didnt move so roughly 50/50 buys/sells.

Dont suppose that 35 million above is connected with the 35 million
in blocks the mm bought b4 Evo moved on Tuesday ?

Gravy

[hosede] 19/8/2004 10:56

Day dreamer
this stock (which is probably now just a cash shell) is being manipulated by large players who KNOW WHAT THEY ARE DOING unlike you or any other small investor. YOU have as much chance of making money as backing a horse against a bookmaker. The odds are stacked against you! Go away and find a share where the chart starts at the bottom left and goes towards the top right. NOT VICE VERSA!!

[tamaybroke] 19/8/2004 10:16

day dreamer,i was emphasising that it is traders that are probably buying and selling in this stock and definitely not investors,if you are looking for the true situation on this stock read PSmith64 and tiredoldbroker posts here and on the other WGT threads they are honest posters laying out the facts and with no personal gain in mind.