White Young Share Discussion Threads

[squire007] 30/10/2009 18:51

explain the workings out if you would , tia

[waggle] 30/10/2009 18:06

no squire most certainly NOT..i mean 3-4p, it really is very easy to work it out, especially with eth markets seemingly tanking

[squire007] 30/10/2009 16:31

i think u might mean 30-40p

[waggle] 30/10/2009 12:18

3-4p is quite correct, especially when you look at the drag from the preference shares. moreover the chairman acknowledges that the market they operate in is going to become even more competitive/difficult as gov't spending is slashed.

[squire007] 30/10/2009 10:57

In poker they call ............ ALL IN ..... thats me .

[gdasinv2] 30/10/2009 08:48

However...50m Equity Swaps...is good for the business and having some recent financial results proves some value on current proposal. I have bought only 5000 shares - for long term holder at least for 1 years.

[gdasinv2] 30/10/2009 08:39

if their business has resulted 10fold loss....Cant see how they can turn around quickly also Equity Debt Swap is a not good value for shareholder at present...would have been good without it. So the Broker sell target to 4p only

[silverfern] 30/10/2009 08:34

better deal than one might expect - you could argue much of the dilution is already in the present price. How do the banks get their money back? By selling the shares over the next three years - it won't be by dividend that's for sure. That will suppress the rpice. But if business turns and they hang on to their shares, with only 15% liquidity in the market then the price could climb. HIgh risk, not for me.

[gdasinv2] 30/10/2009 07:55

50m Equity Debt swaps...thats means 3-4p

[gdasinv2] 30/10/2009 07:52

Sp looks like going to hit 4p

[boonboon] 30/10/2009 07:49

not sure how the market will perceive the news to be honest. News like this had been factored in already, but not sure to what extent.

[gdasinv2] 30/10/2009 07:47

So what would happen today?

[boonboon] 30/10/2009 07:42

ok so we get to earn 15% of the new company. So what does that mean for te value of the shares?
If the company can make 20p per share next year(which would be 3p per share after dilution) then I think at 4x earnings there is still some value in the current share price

[squire007] 29/10/2009 21:29

no news ........... gonna buy boat loads prob end up owning a large % of this ... sod em

[squire007] 21/10/2009 16:46

Help .... ? blocklisting RNS , thanks in advance

[jas0701] 11/10/2009 10:29

Any news anywhere regarding this? Anyone?
Thanks in advance.

[waggle] 05/10/2009 10:10

gisjob2, your predicament is regrettably wide spread..four day weeks were certainly the norm earlier in the year and will become so again. earnings visibility is now 6 weeks if lucky vs 6 months, and certainly your comment on suicidal bidding is spot on.

[waggle] 04/10/2009 19:14

gisjob2, I too have extensive experience within the sector, which is one of the reasons that WHY were on my radar, now seeing them doing exactly as you describe only compounds the problem. Whilst the new management ,doubtless parachuted in by the banks, will grasp the nettle of cost cutting, the point is that they are there to re-structure the business, and that inevitably means mega pain for equity holders. your summary is spot on.

[gisjob2] 03/10/2009 19:45

Incidently I have not put any of my own mony into any Civil Engineering companies even though I work for one. Plenty of better opportunities out there!

[gisjob2] 03/10/2009 19:43

I posted a little while back warning about this share. I know it might not be very popular to say it but this is not a great investment. I work in the industry for one of WHY's nearest rivals. Luckily my company has been managed well, but even so, my company is struggling to make a profit these days because of margin erosion on every new project. When you have companies bidding against you, knowing they will make a loss on the project just to keep the lights on in the short term, how can you hope to turn a profit. Huge debt is a terrible position to be in. This is a huge gamble and you probably have a better chance nipping down the casino and shoving your money on black!!!!!!!

[waggle] 03/10/2009 11:39

galles,

the results are immaterial, it is the outcome of the lenders/re-financing which is key. for the company to state that they may no longer remain quoted implies a further substantial fall from here. Jessops were let with a market cap of £100,000, well even if why got away at 600k that would still give a share price of 1,25p...

[galles] 02/10/2009 11:40

Waggle, I might well be. But the results will be out fairly soon, so I can wait for this make or break moment.

[waggle] 01/10/2009 16:41

galles you are deluding yourself, look what happened to Jessops

[waggle] 01/10/2009 16:40

galles you are deluding yourself, look what happened to Jessops