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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Waterman Group | WTM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 139.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 139.50 | 139.50 |
| Top Posts |
|---|
Posted at 09/5/2017 22:01 by pj 1 On the contrary, Norbert is a very well researched, proactive and communicative Investor IMO. I also believe he travels quite a lot which could explain the recent silence....Implying he was inside for his own advantage is a little below the belt IMO |
Posted at 09/5/2017 09:48 by whoppy When Atkins had an offer of 2080p it went up to 2147p. Remains to be seen if there is a counterbid, but Elliot Capital Advisers an American hedge fund who is an activist investor took a stake in Atkins after the takeover offer to extract a higher offer. |
Posted at 18/3/2017 09:34 by norbert colon Brummy - the commercial market has been curving down for a while now hence Waterman scaling up their retail work (shopping centres etc) which is also a strong segment for them. I anticipate further weakness in the valuation here as investors get bored now it's ex growth. This will no doubt provide opportunities for those with a longer time frame. It would be nice to see the board adding at these lower prices. Investors may need reminding that the board have a significant incentive to get the valuation above 100p |
Posted at 01/2/2017 07:52 by norbert colon Blenny. Guess it would be rude for me not to make at least some comment!I am encouraged by the Trading Statement which clarifies the business is on track for 7.6p EPS for YE 2017. Investors can't ask for more than this given the current climate.What is of more interest is 2018 where EPS is forecast to increase by 25% to 9.5p. This puts the company on a PE of 8 which is very modest. Divi will increase to 4p for 2017 followed by 4.8p for 2018. For me that provides a yield of circa 10% based on my average buying price. With infrastructure spending on the increase as confirmed in the Autumn Statement, Waterman are set to benefit from this. The only fly in the ointment remains ongoing Brexit uncertainty, however, the latest RIBA Future Trends survey for Dec 2016 shows significantly increased confidence amongst architects since Nov 2016 and whilst most of WTM's client are developers etc rather than Architects this bodes well.I see an increasing number of investors chasing growth stocks and jumping from one hot stock to another. Each to their own; personally I am happy that WTM is a relatively low risk investment (for me it's one of 25 ish stocks owned) and whilst there will no doubt be bumps along the way I trust the mgt and will remain a long term holder. |
Posted at 11/1/2017 11:09 by mrx001 What is not to like about them, low PE & PEG, decent divi, has cash and no debt. Seems to be at the bottom of it's cycle. Should be a winner, just need other investors to see this too! Can't see myself selling out at this price at the moment. |
Posted at 27/11/2016 21:41 by norbert colon https://www.equityde |
Posted at 08/11/2016 22:08 by norbert colon They are Swedish investors and strong supporters of Waterman. I recall they have an interest in engineering companies and I know mgt liaise with them reasonably regularly. I believe they are listed on the Stockholm exchange. |
Posted at 01/11/2016 14:07 by norbert colon With a belief from management (and one supported by myself) that Asian investors will be looking closely at potential acquisitions in this space, I have just seen the following which is of interest:http://news |
Posted at 28/10/2016 09:17 by norbert colon AXA given go-ahead by investors to build 22 Bishopsgate, a 1.4 million sqft office development. Major boost for the City post-brexit. |
Posted at 10/10/2016 09:56 by norbert colon Interesting to see the market reaction this morning. Clearly investors are cautious and rightly so; management have articulated their own caution in the medium term. All I will say from my own perspective is that even if growth slows a little (not a bad thing) WTM are still on a very modest rating, are valued at a discount to book (compare their peer group please...), have an excellent cash buffer, pay a very good dividend and, most importantly, are well managed ensuring investors money is as well protected as you could hope. Nowadays I want to know from my investments "what is the chance of my losing my total investment". WTM have been trading since the 1950's and are very highly regarding in their sector with lots of repeat business. As the results highlights state, they are in excellent shape and whilst none of this will 'guarantee' my investment, I continue to sleep well at night with this remaining my largest holding. With Sterling weakening further the chance of them becoming a bid target for an larger overseas player also heightens. |
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