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Waterman Share Discussion Threads
Showing 1826 to 1849 of 1850 messages
|Bit more sector M&A this morning with Ridge buying PH Warr - no financial details provided.|
|WTM appointed to schools contract
|ex divi in a few days|
|ED forum this afternoon and AGM next week.|
|Ticking back up are we due any updates|
|deadly27 Nov '16 - 20:48 - 1773 of 1773 0 0
good article in Shares Mag Friday.
??? Friday ?????|
|good article in Shares Mag Friday.|
|check out page 44:
|I think it's very unlikely that they will issue one given they have no obligation to and with the AGM coming up next month. Seems the autumn statement is very positive for roads and infrastructure which will benefit Waterman Aspen in particular.Look forward to meeting some of you at the AGM hopefully.|
|Update tomorrow if it follows last years timeline|
|Any idea if there will be a trading update this week? Was on the 24th November last year.|
|Thank you WJCCGHCC, I knew design fees were a small fraction of the project cost, but didn't know the rough percentage norm for this sort of work.|
|Yes, I agree. We are probably looking at additional 3% p.a. revenues over 4 years as a result of this deal. Welcome but not earth-shattering.|
|Yes for for the avoidance of any doubt, Waterman's fees will be a relatively small % of the £85m p/a with this % dependant on the services they are required to deliver (MEP, structures, transport planning, environmental etc). This is not a game changer but as noted above its welcome long term revenue given current uncertainties.|
|£680mm is the value of the construction contract. WTM will get 50% of the design portion of that which will be <5% so probably 1-2.5mm a year over 4 years.|
|Norbert - it seems you and I are on the same page. If this is correct then we are talking about WTM doubling their revenues at one stroke.
BTW I bought a sizeable position at 08:02 this morning and it still has not been reported as a trade. Current time is 08:29|
|Lets not get too carried away with the £85m pa though. The design cost input will be a small fraction of that, and the profit a small fraction of that small fraction, but still very good and reassuring news. Particularly, imho, for an organisation which is a bit too "London - building" orientated in times when Brexit has potentially serious consequences for London.
|The wording is slightly ambiguous in that the ABP is worth £1.1b although the construction element is worth only £680 (the rest I assume to be FM).WTM state they will get 50% of the engineering design work hence £680m x 50% over a 4 year timeframe. I have been conservative.|
|Yes, I found the last sentence confusing.
" The value of the whole construction programme is anticipated to be circa £680 million."
So is the anticipated revenue half of that £340m over 4 years? That makes about £85m p.a.
Which is huge when you consider that the forecast revenue for FY2017 yesterday was £92m
Really need clarification|
|Thanks Norbert - BTW, how did you come up with the £85m?
Waterman will be retained as engineering designer for over 50% of the development programme. The value of the whole construction programme is anticipated to be circa £680 million.|
|Another substantial contract win http://www.investegate.co.uk/waterman-group-plc--wtm-/rns/waterman-contract-win/201611150703551840P/RNS would imply fees on circa £85m worth of work for the next 4 years which is very satisfying.|
|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.|
|Interesting to see AB Traction increasing shareholding. Does anybody know much about them?|