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Western Selection Share Discussion Threads
Showing 1176 to 1199 of 1200 messages
|Im now out of Western.....
Good luck to holders..
& I gave it too many years
..while on the plus side...they didnt go bust..and many micro investment houses have !
Fortunately my own inv. performance has been miles better than that achieved by Western, but with many winners and losers along the way.....it's not easy, especially with all the lying directors and accounting scandals on AIM ( but I'm now fairly good at avoiding/spotting those now but you need to see a few imo to learn what to look out for)|
|..nice to see some critical posts of the bod & LFI bod....often its just me..
Agree with yr -ve view on Bilby sector......
I was -ve for the sector before...for ENTU which I picked as a sell around 140p. Valuation was sky high...madness. Paul Scott said buy.
The share price Collapsed.
( as far as I see Bilby customers can just put contracts out to competitive bidding to minimise possible profits
And/or take on some workers in house if they think that wld be cheaper/better. (& I assume they can phps take on cheap Poles or Rumanians)
Although I can see that for big contracts it might limit bidders to big companies.
(Personally I think they liked Bilby due to the high divi policy (then !)
& I guess they got blinded by the 'sell'.
Western/LFI have imo never been good at picking good sectors, & that's vital imho.|
|Think they need to merge with Lonfin as a starter.|
|I was looking at the ages of the remaining directors.
I hope that the sad demise of Lloyd focuses their minds on our future.|
|Yes, predictable outcome of their buy and bust strategy. As I said at the start the sector they are in is pants. Always ends up with accounting errors and lack of cash flow from the businesses I have seen. Poor judgement by the WSE board.|
|Well FD at Bilby has been given the push.|
|One interesting observation. If they had retained their substantial holding in Treatt plc which they sold in 2007/08 it would now be worth about £5m (5/6 times the amount). Presumably they sold because they couldn't make it a true strategic investment and get on the Board. A very poor decision.|
|Yes, very sad.|
|Bit of a shock about Lloyd.
Considering his age, I thought he was the heir.|
|They shouldn't have got involved with Bilby as I've said a few times. However good the company and management team might be, it's an awful sector and easy to lose your shirt. I've been involved with a couple of companies in this sector and it's always truly awful.|
|Bilby may be a longer term investment than WSE had hoped.|
|SWL up, Bilby down. At 30/9 85p NAV is about right.
No point complaining; LFI/WSE never listen.
I might go to the AGM this year; charming but ignorant of small shareholders.
Nice coffee & biscuits.|
|Probably - suspect that's why they were forced to issue the LFI announcement. Doesn't really matter on PLUS as you can't really trade the shares anyway unless you are a distressed seller. They really do need to get their act together as this is just embarrassing. A school kid could do a better job. Absolutely zippo of any use in their announcements.|
|Will some people have been in possession of that unpublished information during trading hours?
And the same for tomorrow's trading.
Does that pose a regulatory issue ?|
|I've complained by email - suggest you do as well. We have had far too much of this sloppy accident prone RNS issuing at LFI and WSE. Its just not good enough for a company that employs City Group to do this for them at a top price.|
|Nope they have forgotten to mention it at LFI as well. They are bloody hopeless. They put out another RNS on LFI but appear to have forgotten to on WSE. They seem to struggle to put out an RNS which explains both the NAV and the dividend. These are the two most important bits of information. Surely City Group can sort out something so basic - its just pathetic!|
|Any mention of final dividend in these final results ?|
|..well...results are out...yawnnnn..
NAV at end June at just below 80p...I think a minor increase since then due to SWL rise
So ..NAV now (yesterday) of about 84p imho
Price to sell of 45p is low % wrt NAV imho.|
|Bilby is very volatile.
Thought Soros was buying SWL; I would have sold more.
NBI may have bounced from the depths.
No news on Tudor Rose.
I will get my calc out @ 30th Sept.|
|Which brings us back to Mr Smithie's good question.|
|Sensible given the strength of both. A smart move.|
|anyone got an estimate of the current NAV ?
including the run up in price of SWL shares|
|Good spot Topvest, re the increased Gresham House stake in NBI.
In addition, there is a further (albeit tenuous) link between Western Selection and Gresham House via WSE's recent purchase of Bilby shares.
Don't ask me what it may, or may not, lead to. But even the remote prospect of additional respected parties working with WSE is to be welcome.|
|Well Gresham House increased ahead of today's profit warning, so they are not alone in spotting value. Question mark is whether it's value or a value trap. Personally, I'm thinking of entering NBI again, but think it's still a bit early. Will now await the interim results.|