Western & Oriental Share Discussion Threads

[knowing] 03/2/2011 15:19

Crazy drop on low volume.

[chrisdgb] 02/2/2011 15:23

When everything has settled down it should be heading back that way, that is why I am surprised no one is really buying..?

[h d shoring] 02/2/2011 12:44

A company that on average has made £1m profit for last 2 years has to be worth £10m market cap surely ???

[value viper] 02/2/2011 11:46

no, i dont think u r. PE 5/ 6, net cash and improving outlook - makes yours minds up.

[ihavenoclue] 02/2/2011 11:44

Not sure why it is a "crazy price reaction". What you have left is a company making £700k profit a year valued at over £4m. Am I missing something ?

[ihavenoclue] 02/2/2011 11:43

johnyee 7 - 8 Nov'10 - 13:03 - 246 of 331

reckon they'll return some money to shareholders when the strategic review is over in a few weeks.Hope so anyway

Mister MD - 8 Nov'10 - 13:08 - 247 of 331

not sure about that, don't think they have any liquid cash to hand out...

johnyee 7 - 8 Nov'10 - 13:17 - 248 of 331

probably sell one of their divisions,get money that way

=====================================

£200k divided by approx 400m .... hmmm. You want a cheque for the 0.05p per share ?

[h d shoring] 02/2/2011 09:55

On line offer selftrade .
sell 10000 @1.05
buy 500000 @ 1.08

[chrisdgb] 02/2/2011 09:46

Crazy price reaction here..

[qantas] 02/2/2011 09:15

W&O sells loss-making tour operations
Feb 01, 2011 11:29

Western & Oriental has sold its loss-making tour operations for £1 million.

The luxury travel brands, which include W&O, Regent Holidays and key2holidays, are being bought by Raj Kumar, a director of the company.

He has already lent the business £800,000 so will pay a further £200,000 in cash. The deal includes forward bookings worth £3.845 million.

All travel business staff, including Kerry Golds, who becomes managing director of W&O Travel, will transfer to the new owner.

W&O's travel business reported a loss from continuing operations of £6.1 million on revenues of £32.9 million for the year ended September 30, 2010.

Properties operated by the travel business will be taken on by Kumar's Furze International – one of two bidders for the tour operations - as well as a four year lease of the group's London head office.

"As such it is expected that the company will not have any redundancy or other employee costs relating to this transaction," a statement said.

Golds said: "This is great news for W&O Travel, we will be investing in growing the business, particularly in the trade.

"We have a strong executive management team of Sarah Mason, Andrew Marshall, Steve O'Loughlin and some of the best specialists in the business.

"Agents can book with complete confidence and rely on the same specialist service they've always had from W&O Travel."

The sale will enable Western & Oriental to concentrate on its events business which reported a £700,000 profit last year on revenues of £13.8 million.

[knowing] 01/2/2011 15:59

chris if the events division made nearly £1M profit on £14M turnover and the overheads are reducing along with a recovery in the business which had been deffered due to the recession then this current share price is ridiculous as market capitalisation could be equal to one years profit !!

[chrisdgb] 01/2/2011 15:53

price should be 50% higher approx..

[knowing] 01/2/2011 15:53

So we have a clean slate and are left with the events business which bought in just under £14M in revenue and is the most profitable part of the business. This will be valued at circa £1M

W&O Events

W&O Events had another successful year with further growth from a number of
their well-established clients, as well as attracting new business from a number
of industries, in particular the pharmaceutical sector. Following last year's
credit crunch a number of the business sectors have started to return and during
the year we have seen confirmation of some significant events from the
automotive sector, financial services and technology customers. A number of
these events will be departing in the new financial year.

The single-brand strategy announced last year has proved successful. W&O Events
is now ranked as one of the UK's leading event's organisers, according to the
Meetings and Incentive travel magazine and so has a much improved profile with
key suppliers as a result of the one-brand strategy. This is a great tribute to
the Events management team.

The events market has continued to improve throughout the year and the team has
been strengthened and is well placed to take advantage of increased market
share.

The forward order book at year end for both Travel and Events is encouraging and
continues to grow and is especially pleasing.

[knowing] 01/2/2011 15:52

So we have a clean slate and are left with the events business which bought in just under £14M in revenue and is the most profitable part of the business. This will be valued at circa £1M

W&O Events

W&O Events had another successful year with further growth from a number of
their well-established clients, as well as attracting new business from a number
of industries, in particular the pharmaceutical sector. Following last year's
credit crunch a number of the business sectors have started to return and during
the year we have seen confirmation of some significant events from the
automotive sector, financial services and technology customers. A number of
these events will be departing in the new financial year.

The single-brand strategy announced last year has proved successful. W&O Events
is now ranked as one of the UK's leading event's organisers, according to the
Meetings and Incentive travel magazine and so has a much improved profile with
key suppliers as a result of the one-brand strategy. This is a great tribute to
the Events management team.

The events market has continued to improve throughout the year and the team has
been strengthened and is well placed to take advantage of increased market
share.

The forward order book at year end for both Travel and Events is encouraging and
continues to grow and is especially pleasing.

[h d shoring] 01/2/2011 15:46

Bought a few today as a punt .
What are the chances of them being bought out by another events outfit after the dust settles . ??

[chrisdgb] 01/2/2011 15:35

Welcome the new thread, get this voted through and welcome to the recovery..

[value viper] 01/2/2011 15:29

new thread created for a new start (i hope).

[value viper] 01/2/2011 15:29

An updated thread for investors both existing and new.

Selling the loss making Travel Business and focusing on the profitable Events side.
An improving economy will hopefully facilitate an improving share price !

Please DYOR naturally.

[value viper] 01/2/2011 08:26

i agree chris - when the decks are cleared this looks better.
to get shot of over £30 million in revs plus the cash is a bit to swallow though.

quite incestuous all this kumar involvement with the co.

[chrisdgb] 01/2/2011 08:13

so now we have a debt free clean vehicle which should make £1m a year valued at £4m......should be an interesting recovery play..

[johnyee 7] 01/2/2011 07:17

so the director has got hold of the travel division.

[knowing] 31/1/2011 20:20

Spread wasn't at all bad 1.1/1.13

[chrisdgb] 31/1/2011 11:42

news on the bid soon I hope..

[value viper] 31/1/2011 10:51

agreed. i have focused on it for some time - at some point this is hopefully gonna move.

[knowing] 31/1/2011 09:33

Still not a lot in terms of the company turnover but thanks for the correction.