||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
|go with the flow: The 2 year graph indicates that the WHM share price is quite volatile with recent intraday movements of 5+% being the norm.
In view of this I may alter my strategy & deal on a shorter time frame rather than remain a long term holder. However, the spread is typically wide allowing good margins for our MM friends but makes it less advantageous for the smaller investor.
I want to see a further bounce from here!
|mashman: UBS Downgrades Whatman To Neutral Vs Buy
Monday, November 28, 2005 2:47:00 AM ET
Dow Jones Newswires
0638 GMT [Dow Jones] UBS downgrades Whatman (WHM.LN) to neutral from buy on valuation grounds, but keeps 320p price target. "With a new CEO and concerns over the impact of German price rise, we prefer to "wait & see" given the recent share price rise." Shares closed at 299p. (SMT)|
|rmjpb: Judging by todays trades looks like the meeting started with a bang and the share price shot up, then by lunchtime they wheeled out the bad news??? Just a guess?|
|mashman: A very shrewd man i say.
: Buy; Number of shares: 413,847 Price: 239.70p
Notifier: Bob Thian (Director)
Announced: 2005-04-06; Traded: 2005-04-06
"Elsewhere, Bob Thian, the chairman of Whatman, tried to invigorate the healthcare group's share price after Tuesday's profits warning by acquiring £1m worth of stock at 239.5p. A couple of disappointing trading statements from the group have recently taken the shine off Mr Thian's near two-year tenure at Whatman, unchanged at 239p. "
|mashman: I wonder if they have found a new chief executive yet. Still a mystery as to why Mr Kelly "left". Will it be Dr. Werner Specht ?
And what happens to these,
28 April 2004
Grant of Share Options to Chief Executive
Whatman plc confirms that its Chief Executive, Howard Kelly, was granted an
option to acquire a total of 500,000 Ordinary shares at an exercise price of
116.4p when he joined the Company in August 2003.
One third of the options become exercisable one year after grant, a further
third, two years after grant, and the final third three years after grant, in
every case subject to the share price being at least 15% p.a. compound above the
price at date of grant. Shares acquired through the exercise of these options
are not normally saleable within a period of three years from the date of grant.
This grant of options was considered to be within the provisions of Rule 13.13 A
(b) of the Listing Rules of the UKLA.
Bob Thian, Chairman
29 April 2004
Tel: 0208 326 1740"
And this was interesting,
"November 26, 2004
Whatman boss in surprise exit
By Richard Irving
WHATMAN, the laboratory firm that makes specialist filters, yesterday parted company with its chief executive ahead of a crucial meeting next week at which shareholders will be asked to vote on a £34 million acquisition.
In a short statement to the Stock Exchange, the company said that it had launched a search for a successor to Howard Kelly, who joined the firm in August 2003. Bob Thian, chairman, will take on the role of chief executive while headhunters find a replacement, the company added.
Mr Thian last night insisted that the parting was amicable, although he went on to explain that the board began to have concerns over Mr Kelly's management style as early as May of this year. "Every company has to have a leader and that leader is the chief executive. In the case of Mr Kelly, the board began to feel that this was not happening," Mr Thian said.
Mr Kelly was unavailable for comment yesterday. A company insider said that the former chief executive was returning to the US for the Thanksgiving holiday.
Whatman's acquisition of Schleicher & Schuell, a privately owned supplier of laboratory products based in Germany, brought matters to a head. Shareholders will be asked to vote on the deal at an EGM next Tuesday. "We couldn't take the risk that shareholders would have been unhappy with board changes during such a crucial period for the company," Mr Thian said.
The company declined to disclose Mr Kelly's severence package. According to the latest annual report, published in April, the former company head was on a basic salary of £133,000 as well as a guaranteed bonus of £73,150. In addition, he was paid the equivalent of £147,000 in relocation expenses and pension allowances and he was also granted 500,000 share options with a strike price of 116.4p. At last night's close, those options were worth £680,000.
Mr Kelly's sudden departure will surprise analysts in the City. Shares in the company have more than doubled since Mr Kelly joined the business and analysts had warmly welcomed the acquisition, which will bolster sales by about 40 per cent and give the group a toehold in the US as well as a significant presence in Europe.
The company, founded in 1740, made a profit before interest, tax, goodwill and exceptional items, of £8.5 million in the six months to June 3, against £5.9 million last year"
|mashman: Flow, I don't think there are many retail investors yet but some residue from earlier that liked these little paper millers and found the switch to bio interesting. I think that those that held on (me) will be rewarded with dividend and capital growth.
From RNS "The Acquisition, which will be financed in full by debt, offers Whatman a highly
attractive opportunity to enhance its presence in the global separations market
and is expected to deliver significant value for Whatman's shareholders through
cost and revenue synergies beginning in 2005."
WHM have returned to profit and are set on growing, the4ir resturcturing is within the budget, litigation out of the way, all looks to be on course to keep up with the seperation technologies.
Watching recent volume i reckon that we are consolidating whilst a buyer is accumulating.
Traders are looking though which helps with volume.
Year Ending EPS P/E PEG EPS Growth Dividend Dividend Yield
31-12-2001 (0.95)p n/a n/a n/a 3.90p 1.55%
31-12-2002 3.95p 63.80 n/a n/a 3.90p 1.55%
31-12-2003 7.52p 33.51 0.37 +90.38% 4.29p 1.70%
Year Ending EPS P/E PEG EPS Growth Dividend Dividend Yield
31-12-2004 10.15p 24.83 0.67 +37.12% 4.63p 1.89%
31-12-2005 11.25p 22.40 2.12 +10.59% 5.02p 2.05%
Profit & Sales Forecasts
Year Ending Profits (£m) Sales (£m) Sales/Share Price/Sales per share
31-12-2004 12.96 80.28 £0.63 4.01
31-12-2005 14.37 83.80 £0.66 3.8|
|sweeneytodd: "Terms of Option
The option will be granted on the basis that exercise will be subject to the satisfaction of performance targets,50% of the option will be exercisable if there is an increase in the Ordinary Share price of 15% over the option price.The increase in the Ordinary Share price will be an average measured over 60 concecutive trading days.The remaining 50% exercise of the option will require an average increase in the price over 60 consecutive trading days of 30%.If the performance targets have not been met by the third anniversary of the grant the option will lapse.The exercise of the option will also be subject to the completion of the acquisition."
Should take the price well over £3 eventually all being well.
Baird have an outperform rating on WHM. Investors Chronicle also think their good value.
|godwin2: This is an excellent statement today especially the bit about profits going to be at the upper end of expectations. The second half performance looks like accelerating profits and should propel the share price through resistance above 160. Let's see!|
|go with the flow: I notice also that the spread is improving as the MM's reflect a more activity in the share price.
Gosh aren't we noticing a lot of things lately ;o)
|pfmaguire: Reetus .Thanks for your posting about hemasure very interesting .As you say
share price dormant today however very encouraging news against all the negatives recently .The recent purchase of 4,000,000 shares begins to explain everything. I am going to watch share price and volumes like a hawk over the next few days .It takes very little volumes to move this stock one way or another methinks. Does any one know out there what this deal is worth in money terms to whatman hemasure?|
Whatman share price data is direct from the London Stock Exchange