Share Name Share Symbol Market Type Share ISIN Share Description
Western Selection LSE:WSE London Ordinary Share PLWRKSR00019 ORD BR PLN0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 220.00p 190.00p 250.00p 220.00p 220.00p 220.00p 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.1 0.4 550.0 39.49

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Date Time Title Posts
04/10/201610:31Western Selection (Investments). NAV 22p. Price Only 16p540
04/12/201417:09Western 2104 AGM resolutions- Vote NO !7
15/11/201418:49New Western Selection90
28/10/201419:18Resolutions for 2014 AGM - Any support ?2
05/3/201412:34Action Group to remove the BOD1

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Western Selection Daily Update: Western Selection is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker WSE. The last closing price for Western Selection was 220p.
Western Selection has a 4 week average price of 220p and a 12 week average price of 220p.
The 1 year high share price is 220p while the 1 year low share price is currently 18p.
There are currently 17,948,022 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Western Selection is £39,485,648.40.
smithie6: ...Western stake in Bilby now worth 3.8M Or 21p/ Western share. Big % of Western share price.
russman: Do not understand the size of today's NBI purchase. Either DC is supporting the share price or he is betting Big. Bought 600k @ 70p Bought 25k @ 206.5 Sold 125k @ 4.55 Sold 200k @ 3.75 Totally confused, he must know the seller. I will wait and see.
topvest: WSE just in for 600,000 shares at 70p. Not convinced they should be catching a falling knife to be honest. Hope they have not made another poor call. I'm not going to buy NBI until the share price flattens and we get an update on covenants. That being said WSE should have a better view than most.
russman: I clarify NBI. Its share price is currently at the bottom of a steep cliff. "But is he lucky?" asks Mr Bonaparte.
coolen: Wonder if Mr Marshall might get closer to his Scandanavian friend ? I'm not a fan of either guy as individuals, but it could be a case of 1+1=3 for the WSE share price. If anyone hears word of that, I might be tempted to buy.
smithie6: NAV I think the accounts said 93p + around 3p due to increase of Creston ..maybe -1p due to NBI drop maybe +1p due to SWL increase perhaps around 96p now.....(I havent calculated in detail apart from +3p due to Creston) say 320k at Hartim for the year....with P/E of 10 that's 3.2M 18M shares. say 17p/share gives... 113p/share imo current Western share price is under priced imo noting - large discount to NAV - trend of increasing NAV over last few years - share price underpinned to a degree by share price of NBI (if NBI were to be worth 75p per Western share price then imo Western share price would go to at least 75p or close) even though the performance of the Gen. Portfolio in H1 was....terrible. say 1.5p/share missed...its real shareholders, even if not to the City Rd. crowd.
markt: income to WSE from dividends.... you make a valid point that WSE may increase.... but I think it is worth noting that WSE costs over last 10 years have been higher than its income (and dividend to WSE shareholders has hence been paid from consumption of WSE assetts) so if WSE income increases....perhaps it will just reduce the shortfall that has existed compared with running costs.....and also it would be natural sadly that the running costs will increase to take part (all ?!) of the increased income WSE is controlled by LFI....and LFI owns City grp which runs WSE and LFI and is expensive.... and Mr Marshalls director salary has multiplied by 10 in last 10 years....I wont be surprised to see that jump if WSE income increases..... and LFI/City Group had a 38k motor vehicle back in perhaps it is time to buy a new one !....and perhaps new office furniture....perhaps new bigger offices....higher salary for City Grp staff if it has more income, including for the Marshall son that is a director (and any more family members , we dont know)....increase to pension fund for staff at City Group, especially directors... and you and I would not know anything about it....since occurs at subsidiary and we dont see the accounts...and even those accounts give very little break down.... (the main WSE cost is titled as 200k admin. cost and that is all I think. maybe 50k goes for flight cost from South Africa for the main director, a valid/legal expense one assumes, we dont know....) 1/2 of the possible increased income could be consumed via 'a bit here and a bit there'......and the remaining part would not be so much and have much impact on WSE share price imo
markt: Topvest I hear what you are saying and agree with some of your points..... however the 3% running cost is TOO HIGH imo....and imo can not be justified for WSE. how do the directors spend so much money ??!...they refuse to answer !!. (WSE pays over 40k for office space....but it has no staff !! subcontracts the running of WSE to City Group....which also charges it 90k... is WSE paying a high price in order to subisidise the private businesses being run from the same address, there appear to be at least 3 or 4 investment companies being run from the same address....belonging to different people I think incl. D.C.Marshall and Mr Latilla-Campbell (son of director that was on LFI board for 30 years) is the real money being made by these private companies ? while WSE/LFI tread water the company of Latilla Campbell made very high % profit recently...London Finance Corporation Ltd. (not LFI PLC) ==== 'better examples of corporate excess elsewhere' perhaps there are.....but if I am not a shareholder in the other companies then I am not going to devote time to investigate and try to get changes made.... ==== ...part of what I see as the problems with the management of LFI and WSE are what I see as a lack of integrity, transparency and honesty. eg. Mr David C.Marshall writing a resolution of the WSE AGM of 2006 to allow him to use the LFI votes (44% of WSE) to vote on a related party transaction....which the law does not allow....and to intentionally keep it secret from shareholders that a son would be one of the 2 main beneficiaries of the scheme. The other main beneficiary is I assume Mr E.Beale. The company refuses to answer any questions about the Benefit schemes. Performance reqts. are secret. Who has options, secret. ===== I note that the 2006 scheme was put in the AGM when the share price was rising strongly.... if the LFI or WSE share prices ever do well in the future....perhaps we will see new benefit schemes being put in place....(which the shareholders can not stop since the 2 companies are, in my opinion, controlled > 50% by concert parties....such that I have to ask....will normal long term shareholders receive anything ???....such as me who has held shares since 1999/2000 and if we do receive anything maybe our yearly % return taken over 10-15 years will be peanuts while the beneficiaries and Marshall family members may get a good 1 go approx. 1M pounds of free shares may be handed out...and not having to put up hard cash to buy shares. (noting that the D.C.Marshall shareholding in LFI is the same as it was donkeys years ago, and 0 shares in WSE). === If WSE/LFI are being used for personal benefit of directors and/or related parties (especially while keeping it hidden from shareholders !! using subsidiaries, whose accounts the PLC shareholders do not receive) then small shareholders need to stand up and make their voices known imo. (for my concerns see past posts....36k car, use of luxury apartment, shares at no cost for a son, no performance targets made public, no justification of high running costs for WSE 250k (but on Plus, cheap).....) === BTW I don't think I have been ranting. the word 'ranting' infers empty shouting, with no facts or content. My posts include real data and real facts, dug out of accounts of subsidiaries. Facts that no one else has posted in the last 20 years of operation of LFI/WSE. I am trying to make these facts visible to all shareholders (if they want to read ADVFN message boards) and to try to obtain changes at WSE/LFI which I think would benefit all WSE/LFI shareholders (greater openess/reporting, integrity etc). Complaints have also been sent to the 'system'/regulators since I think that certain rules have been broken by WSE/LFI. And if the 4% benefit shares can have real performance targets attached then all LFI/WSE shareholders may be 4% richer if the targets are not met. If WSE/LFI outperform over 10-15 years then I would be happy to pay 4% out of the outperformance. But 4% of the shares for free, if provide bad performance (as provided since 1993-1996 for LFI/WSE ) is not correct imo...and shareholders should not tolerate it.
markt: Topvest A Mining Pension Fund bt 2.7M shares at 56p in 1996. If add compounded performance at ONLY 6%/year, this gives a value of 106p at Dec 2010. (with dividends this equates to perhaps 8-9%...for shares there needs to be a return higher than inflation, otherwise it is no worth taking the risk) And the WSE share price now is ONLY 37p to sell !! And the WSE share price now is in fact LOWER than the price that that Mining Pension fund paid in 1997, 56p !. 1997 !!!, now it is 2011 !! With this performance in mind, do you think that free shares for 4% of the company is 'correct' ? (you are happy about the 4%, I am not )
markt: Summary of WSE and LFI Performance, under the management of D.C.Marshall, Mr Robotham ...and the son of Mr Marshall as one of the 2 main operators of WSE from its active manager City Group PLC. A Mining Pension Fund bt 2.7M shares at 56p in 1996. If add compounded performance at ONLY 6%/year, this gives a value of 106p at Dec 2010. (with dividends this equates to perhaps 8-9%...for shares there needs to be a return higher than inflation, otherwise it is no worth taking the risk) And the WSE share price now is ONLY 37p to sell !! And the WSE share price now is in fact LOWER than the price that that Mining Pension fund paid in 1997, 56p !. 1997 !!!, now it is 2011 !! ie. bad performance. A bad investment. Conclusion. The historic performance data from 1996 to now shows that WSE/LFI are not good investment managers. And hence that should not receive 4% of the shares of the WSE/LFI at no cost. (some share options to buy would be reasonable....but at a price to reward performance and not to reward inaction and bad performance). (by inaction I refer to the fact that WSE/LFI have not acted in the past to protect the assetts of the shareholders.....they did not sell all the holding MWB at its peak or on the way down (the chance that MWB will ever return to 3 pounds/share is zero in my view, now around 40p), nor Creston, nor Finsbury Food !! must ask if they are only interested in operating the company and taking their pay and other benefits and not interested in the share price performance...maybe they are too busy running their own/other companies....maybe that is where they make their personal gains, while WSE/LFI pays their running costs, who knows...).
Western Selection share price data is direct from the London Stock Exchange
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