Share Name Share Symbol Market Type Share ISIN Share Description
Waterman Group LSE:WTM London Ordinary Share GB0009422543 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 76.00p 75.00p 77.00p - - - 0 07:34:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 91.3 3.6 7.6 10.0 22.44

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Date Time Title Posts
20/4/201710:51Waterman Group1,832.00
19/6/200723:46West Timmins Mining: success thru drilling?14.00
27/2/200416:51Looking to invest - Waterman / White Young Green / Alizyme?8.00

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Waterman (WTM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-04-24 15:14:4475.621,000756.20O
2017-04-24 14:07:2875.615,0043,783.57O
2017-04-24 14:06:5275.5810,8978,236.06O
2017-04-24 14:06:4376.606,5004,979.00O
2017-04-24 13:35:0276.683,2292,476.00O
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Waterman (WTM) Top Chat Posts

Waterman Daily Update: Waterman Group is listed in the Support Services sector of the London Stock Exchange with ticker WTM. The last closing price for Waterman was 76p.
Waterman Group has a 4 week average price of 70p and a 12 week average price of 70p.
The 1 year high share price is 103.50p while the 1 year low share price is currently 54.50p.
There are currently 29,520,757 shares in issue and the average daily traded volume is 51,715 shares. The market capitalisation of Waterman Group is £22,435,775.32.
glaws2: Profits increasing - not to mention the share price :)
riddlerone: Nice contract win, A few familiar old faces on this BB good luck guys
glasshalfull: WTM Concur with your thoughts geraldus. Absence of any comment on trading was also a positive in my book. This further contract win follows on from the contracts announced of 27th June and strong IMS statement from May. I'd also have expected any negatives on post-Brexit vote conditions to be contained alongside such an announcement. The share price fell 45% following the referendum and is still almost 30% below the highs achieved at the end of May. Broker Singers reiterated the undernoted forecasts today, which place WTM on a PER of 9 for the year just ended and falling to PER of 7 for the current year with the prospective dividend yield rising to 5.5%. WTM is only valued at 0.2x sales based on its £20.8m market cap and excluding their net cash balance. Believe that CSG was taken out for 0.5x sales and I recall Norbert posting a few months back that BDP was purchased by Nippon Koei for 1.25x sales. Please correct if my sums are wrong Norbert :-) Singers also indicate, "Waterman has announced the commencement on site of the Capital Dock Development by Kennedy Wilson in Dublin. Waterman has been appointed to provide civil and structural engineering services. This is a prestigious project and one of the largest undeveloped sites in Dublin’s central business district, incorporating the tallest tower in Dublin. We make no changes to forecasts, but this is another high profile development and the Board looks forward to developing the Group’s relationship with Kennedy Wilson on future projects. We next hear from Waterman in October for the full year results (June year end)." 2016 (year end June) Rev £89.9m PBT £3.6m (+22%) EPS 7.8p (+44%) Div 3.0p (+50%) Net Cash £3.7m 2017 Rev £96.3m PBT £4.6m (+28%) EPS 10p (+28%) Div 4.0p (+33%) Net Cash £3.6m 2018 Rev £103m PBT £5.5m (+20%) EPS 12.1p (+21%) Div 4.8p (+20%) Net Cash £3.9m Kind regards, GHF
mattafc: Hi all, I've just been alerted to WTM and am in the process of doing my research prior to a potential buy. I'm trying to understand the reason for the recent drop in share price around the 22nd April. The only news is the appointment of an NED to LAKE which shouldn't cause significant concern. Was this blip just noise?
norbert colon: Although I am not a trader or chartist (and having not bought any more stock since this time last year) I feel compelled to add at this level whilst already hugely overweight. The share price is at the bottom of a very clear upward trend with all indicators oversold and with the market valuing WTM at just par book value (a significant discount to its peer group) I see the current valuation as very attractive.
martinc: So that's 21 something pence of cash per share, where the share price is 89p. That's pretty good going.
norbert colon: Well attended AGM today with various staff, private investors and retired Directors present. I also saw Philip Hayton (ex. BBC Newsreader) who I know is a keen retail investor. Key highlights: London commercial sector (20% of Group revenue) is very resilient. Continues to be a safe haven for foreign investment and there is an ongoing demand for office space. Largest city in Europe. Focus on staff retention and managing growth which is key as a people business. Head count up again. Trying to be selective over projects. Looking to double the size of the Building Services team over next 3 years and recruiting staff from smaller competitors of which there are many. Looking to diversify their MEP service offering to help smooth out the cycle i.e not just focus on new-build projects but include refurb and fit-out. Also looking to increase workload in areas such as healthcare. Great long-term relationships with numerous blue chip clients who they trust and this helps mitigate commercial risk. A number of staff are shareholders and are encouraged to attend the AGM. Michael Baker and Ric Piper seem very complimentary to the other Board members with respect to their experience and both are encouraged by progress and prospects. In summary there is a lot more fuel in the tank with respect to valuation and the company seems to be firing on all cylinders and is clearly in a sweet spot at the moment. With ongoing Govt investment in highways / infra and and buoyant property sector I remain confident about their prospects and foresee an ongoing rerating of the share price.
glasshalfull: I concur with the comments above. An excellent set of results with bullish outlook. Congratulations to mangement & staff. Most pleasing, from my perspective, is the aim to deliver 6% operating margins over the next 3-years. Such an achievement will accelerate earnings growth & valuation metric they are awarded by the market. In other words a "double whammy" benefit to the share price. The results have indeed prompted Singers to significantly upgrade forecasts with the current year (15/16) earnings upgraded to 7.8p Adj EPS (from 7.26p) and next years (from 8.3p) to 10p. That's 44% EPS growth in the current year and 28% EPS growth the following year. Singers confirms that, "Waterman’s prelims cap a year of significant progress. The results are in line with expectations confirming strong growth on all financial metrics. Revenue increased by 22% to £83.9m, PBT by 93% to £2.7m and EPS by 126% to 5.4p.The dividend has doubled for the second year in a row to 2.0p. Market conditions in the UK (89% of Group) are described as buoyant and the order book is up 8% at the year end. Such is the Board’s confidence that a new 2019 aspiration has been announced to move towards an operating margin of 6.0% (3.3% in FY15). The positive outlook prompts material upgrades and we introduce FY18 forecasts for the first time, anticipating a doubling of PBT over the three years from FY15. Waterman is in excellent shape with a compelling valuation (7.2x FY17 P/E, 5.6% yield)." I agree and a buyer at these levels. Kind regards, GHF
norbert colon: Its anyones guess where the share price will be tomorrow or next month or in 12 months time but the results tomorrow will help to clarify the potential. I have been looking back at some historical numbers (2005 / 2006 results to be precise) and there are some interesting things that jump out when you look at the current forecasts namely: Revenue in 2006 / 2006 was almost identical to that forecast for 2015/2016 i.e. £73-75m / £84m. EPS in 2005/06 was, however, 9p/9.5p against the current 2015/16 forecasts of only 5.4p/7.1p. Whilst this is a very crude analysis this shows that the current forecasts are still very conservative IMO. Margin is the key thing here and back in 2005/06 they were achieving 5-6%. As I have said before there is no reason why we should not be back at that level and when you look at the results from RPS today you will see they achieve a 9% margin. I also noticed that RPS have committed £58m for new acquisitions from 2015 onwards so we will continue to see further consolidation in this sector (globally). Trying to predict share prices is a foolish pastime, however, depending on what tomorrow brings it would not be unreasonable to see ongoing upgrades to the current Waterman EPS forecasts perhaps in-line with the historical numbers and this would again underpin a share price in excess of 100p within the next 12-18 months. If they achieve 6-8% margins over the next 18 months then 150p is very possible. Just my thoughts for the day and I very much look forward to seeing the facts tomorrow. Good luck to all.
norbert colon: Interesting to see that RPS has today announced the acquisition of Klotz Associates in the US for a multiple of 0.92 x sales. Again reinforces the point that Waterman (if acquired) should easily attract a multiple of between 0.6 and 0.7 x sales equating to a share price in the order of 140-175p. Current share price - 68p. Also very pleased to see that the interims will be out on 27th Jan (2 weeks) - only 2 months after the half YE. I am confident that these interims will wake the market up as to the turnaround and profitability of the business.
Waterman share price data is direct from the London Stock Exchange
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