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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Journey Grp | WMK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.13 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.13 |
| Top Posts |
|---|
Posted at 28/8/2008 14:11 by run rabbit Well who would have ever believed poor old WMK would have been trading at this level.It's been moving higher last couple of days and as people have mentioned it does look cheap. |
Posted at 21/5/2008 08:35 by churchtower Gelp - like many other deals it went through on Plus Trades (www.plusmarketsgrou |
Posted at 07/11/2007 20:17 by run rabbit dave I reckon alt may be watching this tomorrow and if it moves higher quickly there may be a rush to buy stock.Very exciting time to hold WMK, |
Posted at 21/9/2007 11:03 by spaceparallax I exited WMK at C.110p, at a small loss, because I became frustrated with the management's apparent tendency to issue misleading status reports or forecasts that were subsequently proved wrong - for me this ruined their credibility and I got out. Sadly, for those remaining, nothing seems to have changed. |
Posted at 09/7/2007 13:29 by vmjmurphy This could well be a decent recovery play hmt, the fundamentals are now making WMK start to look cheap. The difficulty IMHO is that confidence is gone and the share price is a falling knife. When confidence returns and there is evidence that the trend has reversed I'd consider buying in. You miss the absolute bottom but the risks are far less. 20p seems to be holding as support, but if that goes its hard to predict a bottom, so too risky for me at the moment. |
Posted at 10/5/2007 16:39 by dennis russell SteMis -I can't quite follow your arithmetic. There are currently 44.6M shares, giving a capitalisation of around £11M In 3 years' time the bond-holders will get their cash back, or meantime be able to convert their 8M bonds into 40M shares, so there will be a total of 84.6M shares. Assuming £5M earnings and a p/e of 10, wmk will be valued @ £50M, or 59p per share. Might be worth hanging in for the ride? That little word 'assuming' of course... |
Posted at 01/5/2007 15:19 by rivaldo Hi nick, good luck to you too. As I said before I've still got a small holding (as they say). I can appreciate everything you say, but I'm not sure I agree, as it sems to me the recovery is well under way, even if there will still be a bit more turmoil this year. I might even top up in my ISA, undecided as yet.This is an always entertaining blog, and their perception of WMK today is also what I'm seeing: "NH: Ok. time to look at some small cap stocks PM: Yes, anything caught your eye? NH: I am told to keep an eye on Watermark Group PM: interesting - this is the firm that supplies in flight kit and cabin management NH: it has been refinanced this morning PM: Underwritten placing and open offer of convertibles NH: and a new banking facility has been put in place PM: £8m of bonds NH: also some interesting changes in the boardroom PM: Ah, yes chief executive seems to be off - Maurice Ostro NH: guy called Stephen Yapp being brought in as exec chairman PM: Also a new FD NH: a little bird tells me that we should expect some high profile nonn exec appointments in the near future PM: Just pulling the chart up .... PM: Not a pretty site PM: They were trading at 126p in July last year PM: And the current quote is 25.25 - up a penny this morning PM: There was a big fall in Jan - takeover talks collapsed NH: some activist shareholders with a good record have big positions in Watermark NH: SVG have a 16.1% stake and North Attlanic Value control 6.7% PM: Grown up investors NH: yeah. i would back this lot to turn things around" |
Posted at 16/4/2007 11:44 by nickcduk Hi Rivaldo,The recent selling to new lows was probably end of year tax losses being taken by private investors. I agree the final results will be awful but I expect a kitchen sink job will put the company on a much firmer footing. The recent buying is probably down to some pre-result positions being taken up. If we get an ok trading statement with the results I would expect a re-rating to take place pretty quickly. Their are a few institutions who have upped their stakes and I would guess are waiting for the results before moving more aggressively into WMK. My only concern is that I think they may issue some equity which will dilute existing holders. Hopefully it won't be too big a dilution. |
Posted at 22/2/2007 11:57 by nickcduk Spaceparallax,I disagree that it will take a while for WMK's credibility to return. They are going to do a kitchen sink job at the next set of results. They have completely new management on board. The market will then start to discount what sort of earnings WMK might achieve once its operationally running well. It was making 10p or so in earnings over the last few years. If it could make only half that amount and it was given a rating of 12 we are looking at 130% or so upside from here. The market is bidding for stock aggressively around current levels. We have had only sells over the last couple of days and yet they still move the price up. I think its a pretty good risk/reward at current levels. |
Posted at 09/2/2007 15:06 by damanko Last post..... from SEC accounts dated September 2006. They state that their holding in WMK cost £6,102,000, and valued at £6,068,000 (at 18th September 2006). Elsewhere in the +3% disclosure table they state that the holding in Watermark represents 11.44% of WMK. |
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