Waterman Share Discussion Threads

[mrx001] 11/1/2017 11:09

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.

[norbert colon] 09/1/2017 12:23

Rhomboid. It's only a possibility. I hold as they have been around since the 1950's, I know the sector, they are well managed, are very unlikely to go bust (protection of capital) and generate a good dividend. A foreign (US or more likely Asian) mega cap consultant may of course see the value that I see.

[rhomboid] 09/1/2017 12:09

Hi NC , do you think the value here will be outed by takeover? I'm treating my remaining holding as more of a LT income play

[norbert colon] 09/1/2017 08:30

Another Consultant succumbs to M&A - Styles & Wood £STY buying GDM for >0.9 x sales / 7 x PTP Waterman currently valued at 0.27 x sales.http://www.constructionenquirer.com/2017/01/09/styles-woods-buys-me-consultant/

[norbert colon] 09/12/2016 11:51

Martin Strong ex. CEO of CBRE (EMEA) announced at AGM as new NED at Waterman. A great addition to the Board during the ongoing growth of the business.

[norbert colon] 08/12/2016 11:41

And likely to be positive update RNS for the AGM tomorrow.

[deadly] 08/12/2016 11:06

XD for 1.8p today but no price drop.

[norbert colon] 06/12/2016 08:05

Bit more sector M&A this morning with Ridge buying PH Warr - no financial details provided.

[glaws2] 05/12/2016 11:07

WTM appointed to schools contract

[rogash] 01/12/2016 09:47

ex divi in a few days

[norbert colon] 30/11/2016 22:58

ED forum this afternoon and AGM next week.

[mattboxy] 30/11/2016 22:38

Ticking back up are we due any updates

[norbert colon] 27/11/2016 21:41

https://www.equitydevelopment.co.uk/2016/11/01/investor-forum-save-date-30th-november/

[pj 1] 27/11/2016 21:01

deadly27 Nov '16 - 20:48 - 1773 of 1773 0 0
good article in Shares Mag Friday.
===================================================================================

??? Friday ?????

[deadly] 27/11/2016 20:48

good article in Shares Mag Friday.

[mfhmfh] 24/11/2016 16:34

check out page 44:

hxxp://html5.pagesuite-professional.co.uk/desktop/stage/default.aspx?pubname=&edid=362736c4-959b-409f-8c55-0eb2227ade69

[norbert colon] 23/11/2016 13:51

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.

[rhomboid] 23/11/2016 13:17

Update tomorrow if it follows last years timeline

[mfhmfh] 23/11/2016 13:08

Any idea if there will be a trading update this week? Was on the 24th November last year.

[muckshifter] 15/11/2016 08:53

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.

[ramridge] 15/11/2016 08:45

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.

[norbert colon] 15/11/2016 08:40

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.

[wjccghcc] 15/11/2016 08:30

£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.