Western & Oriental Share Discussion Threads

[knowing] 03/6/2013 11:38

On 15 April 2011 the company's shares were delisted from the Alternative Investment Market (AIM).
Western & Oriental plc entered Voluntary Liquidation on 25 January 2013. Paul W Ellison and Gareth Roberts of KRE Corporate Recovery LLP were appointed as Joint Liquidators.

The Liquidators have stated "At this stage it is currently unknown if there will be sufficient funds available to enable to dividend to be paid to unsecured creditors, as it is dependent on the level of realisations achieved for the Company's shareholding in its subsidiary company." (Source, Letter to shareholders, 28th January 2013)

We will write to you if the company makes a payment to shareholders or if the shares are declared nil value.

Please note that Western & Oriental plc has also recently changed its name to "Welby Holdings plc". Your portfolio has been updated to reflect this change.

[knowing] 04/1/2013 14:18

Just received a letter today

[h d shoring] 04/1/2013 14:08

When and where ?Has Choice one group gone ?

[knowing] 04/1/2013 13:20

Voluntary liquidation announced.

[h d shoring] 05/11/2012 13:41

Well company still operating as part of Choice One group,rang them today .
I have my certs which were sent to me by selftrade .
Any point in putting in tin box with rest of calamities of last 25 years .??

[chrisdgb] 21/2/2012 06:43

Dead or Alive...???

[mister md] 22/8/2011 10:23

haven't received any info - held in nominee account but stock removed from portfolio after they delisted ...

[chrisdgb] 22/8/2011 08:21

Just had a quick run through, does it basically mean there could be some value, we now just hold 17% of a larger group....??

Would welcome experts....I will save binning the share certificate just yet..!!

[the avoint] 19/8/2011 19:02

Anyone make head or tail from it?

[the avoint] 19/8/2011 09:44

Proposed CVA

[loverat] 26/4/2011 16:24

New site.

Register on this site. Tell them your story.

[loverat] 22/4/2011 08:45

Shareholder complaints thread

[sobers] 16/4/2011 10:04

I think a couple of shareholders have done rather well on this . Ok they had a slight advantage of influential inside track info . As the recent articles have indicated , WO is now a tarnished brand , esp in the city , so expect to see some name changes come September . Maybe a renamed Events might eventually do well , and if your shares are worth a fraction of a penny and you bought in a this rate you might be in for a long term pleasant surprise . But if you bought in at a penny plus , highly unlikely . Amazing just a few short years ago ( former) Chairman Howell was talking about sales of £200m , a share value of 22pence and taking on the world . Anyway time to move on

[loverat] 14/4/2011 17:54

Oh well, what another AIM stitch up that was.

Sells at 0.02 today.

Someone has done well but as usual it aint shareholders. I honestly don't know why we bother sometimes.

[double6] 14/4/2011 08:10

Last day - bit of MM games before tomorrow.

[qantas] 12/4/2011 09:08

Western & Oriental Travel winds up key2holidays
Apr 12, 2011 07:02

Western & Oriental Travel is to close its ski programme and wind up online consumer brand key2holidays.

The luxury travel group, which separated from Western & Oriental plc on Friday and went into private ownership, will focus on trade brands W&O Travel and Regent Holidays as it seeks to draw a line under a difficult year.

The company will announce the closures today as it begins a staff consultation on potential redundancies. It is understood up to 19 jobs will go from among a workforce of 112, but the company is looking to redeploy people.

New owner and chairman Raj Kumar stressed he plans to expand the company as soon as the business is stabilised following uncertainty about the future of the former W&O group on the London Stock Market. The group announced its travel division was up for sale a year ago.

Kumar bought Western & Oriental Travel for £1.5 million this month after buying a minority stake last August. He had previously sold key2holidays to W&O in 2007.

The travel company will be reduced in size by about one third following its separation from the events business and closure of key2holidays and the ski programme.

However, Kumar said: "This is a quality business with some real gems in its portfolio and it is being run well." He has promised to invest £4 million to fund "organic growth".

The events division of the former group will remain as a wholly separate, unlisted company – for the moment called W&O plc.

[sobers] 09/4/2011 12:13

Good advice . Its swings and roundabouts , and neither the gains or the losses are life changing , so not a problem . Think some of the city boys will give anything to do with W O a very wide berth , which might then have a negative bounce onto either the travel or the events side going forward , unless they change the name which could happen . Anyway onwards and upwards , plenty of other opportunitities out there .

[qantas] 09/4/2011 11:25

Don't worry about who Norman is.
The Events departments is not worth the share price now even at .0010
So many shares in issue 359,664,161 just right it off as a tax deductable loss.
Never invest more than you are able to afford to loose.
We have all lost at some stage you just pick yourself up dust your self off and start again.

[sobers] 08/4/2011 22:47

AGM commenced 1030 , stock market advised of result 1042 . Ok the statement was sort of brief , but is that a record ?
Who is Norman H Slater , 7% of shares in one go - interesting .

[chrisdgb] 07/4/2011 10:53

Well now the nonsense false market is out of the way, time to extract some real value as a private company...

[double6] 07/4/2011 08:07

....D Day!

[sobers] 04/4/2011 12:06

Several schools of thought on this . First would be Pavlos & Kumar increasing their % to be more influential on the 7th . Second would be a couple of Inst. Investors , for same reason but for very different purpose . Third would be new investors seeing a low cost possible quick return investment .Obviously company is confident the disposal of travel will go through , not unrealistic given the ramifications . The delisting is far from certain , which could be interesting . Toys and pram come to mind .