White Young Share Discussion Threads

[gisjob2] 07/1/2010 17:28

Sorry for being flippant! I did have a read.

As you pointed out existing shareholders have been royally shafted!
Always happens, I had a share years ago that did this and had the famous
lines, we encourage share holders to vote for this. A little like turkeys
voting for christmas. Still, I see Mike Mctighe has managed to work in a
nice little share incentive for himself. Wouldn't want him to lose out now
would you.

Basically the board and the banks own the company and your shares are worth
diddly!

[gisjob2] 07/1/2010 17:15

Regardless of what the document says (I can't be assed to read it)
Small shareholders always loose out in situations like these !
Even when straight consolidations happen, it's almost always negative for
private investors !

[squire007] 07/1/2010 15:06

lol ......... well spotted

[chrisbrown71] 07/1/2010 13:23

squire007: Remove the ): from the end of the link:

[squire007] 07/1/2010 12:48

link changed !!! CB

[chrisbrown71] 07/1/2010 11:59

Encarter, according to the circular (

''Placing Price'' the price per Placing Share calculated on the date of Completion
(prior to the Share Consolidation) by applying the Placing Price
Calculation, expected to be approximately 7.6 pence per Placing
Share, but subject to adjustment as a result of the Currency
Fluctuation and the Share Capital Fluctuation.

I do not know what the final exact placing price was.

[encarter] 07/1/2010 10:18

Any idea of placing price?

[jas0701] 07/1/2010 09:57

7 January 2010
WYG plc ("WYG" or the "Company")


Share Reorganisation and Share Consolidation


Following the passing of all the resolutions at the Extraordinary General
Meeting held on 6 January 2010, the Share Reorganisation and Share Consolidation
have become effective.


Under the Share Reorganisation, each ordinary share of five pence has been
converted into one deferred share of four pence (the deferred shares will not be
listed) and one ordinary share of one penny. Every 10 of these ordinary shares
of one penny each have been consolidated into one Post-Consolidation Existing
Ordinary Share (of ten pence each).
Consequently, the 52,964,456 ordinary shares of five pence each in issue prior
to the Extraordinary General Meeting have been converted into 5,296,445 ordinary
shares of ten pence each.


Dealings in the Post-Consolidation Existing Ordinary Shares are expected to
commence shortly, once the requisite amendments to the Official List have been
made to reflect the changes to the nominal value and number of ordinary shares
as a result of the Share Reorganisation and Share Consolidation. A further
announcement will be made shortly to confirm the amendment to the Official List.


Unless otherwise defined, capitalised terms in this announcement have the same
meaning as in the Circular dated 9 December 2009.

[squire007] 06/1/2010 14:20

EGM going on now ......... couldnt get there

[jas0701] 06/1/2010 12:48

So what's happening with this?

Any views anyone?

Jas

[squire007] 04/1/2010 11:45

got a few shares :-0 ave 11p thats all but not sure which way we go from here ..... not panicking yet ! seems 6-7p holding so all news factored in, AIM listing will happen then what !?

[deanroberthunt] 04/1/2010 09:00

the Director leaving and cherry picking all the good employees should tell you something...

It may survive, but it will be a long long recovery...don't expect a Taylor Wimpey style return if it does....

maybe be worth a small punt in ones sipp for the long term 10+ years.....but I just don't trust AIM

[gisjob2] 30/12/2009 23:18

Over invested are we squire? Watching it all go south? I truthfully hope not but being blind to the possibility that this was a bad investment won't help!

I have been so thankfull for posters on the EEN & GPX threads (Agrazzer) and others who from an obvious position of knowledge about the subject matter or even the internal dealing of the company, I must of benefited financially from their knowledge. Never look a gift horse in the mouth!

[gisjob2] 30/12/2009 23:09

No squire ! I realise you dissed my post 466 previously, but who turned out to be right?.

I work for a similar company and to be frank if worked for WHY would of been looking for another job a year before the downturn because of the inept management.

I didn't realise it was against the law to post, I thought that was the idea of the board. Just because I tell a few truths from a position of more knowledge than most on here does not mean I have an axe to grind. Fact is, I appreciate some of the really knowledgable posters on other boards who have made and saved me money in the past, not because I follow them blindly cause I don't, but because when someone has knowledge it makes me consider my options that little bit more closely and question myself.

Making statements like 'this should be 40p' etc helps nobody and whilst I accept everybody should do their own research this kind of uninformed post is pointless.

The Engineering sector is on it's ass, if you haven't be made redundant in the last year you are lucky. Contracts in the book are being pulled at a rate of knots and trying to take legal action doomed to failure and get you a bad rep. A poor balance sheet is a nightmare and makes you week in the market and restructuring may solve a short term problem but won't build your reputation up over night. Losing good staff also makes you unable to bid for some work or makes the quality suffer.

I don't hold shares in this bag of sh"te, have never worked for the comapny and never will. Is that plain enough for you to understand?

[squire007] 30/12/2009 17:48

why u still here at moment then ........ employee of wyg i take it or closely connected !!

[gisjob2] 30/12/2009 12:51

I'm invested in oil and mining. I work in Civil Engineering and know people who worked for WHY. Civils is in a bad way and even good companies are seeing margin erosion on projects, let alone poor companies with a bad balance sheet. Everyone is entitled to invest where they want too, but we're all here to make money and I do tend to take on board others knowledge of industry I know less about.

I must admit I held 5 mining shares a couple of years ago but sold when the oil price hit the highs as I believed this would reduce profits as it's such a overhead to miners, luckily this meant I was mainly out of the market when the market collapse happend, holding just 1 mining share and 1 oil share. Since then I have added just one more mining share.

[diku] 30/12/2009 12:39

gj2...have to agree on post 608...have seen few small/tiny caps do a consolidation only for the share price to go back lower again...Share Consolidation is one big illusion!!..

[diku] 30/12/2009 12:36

gj2...so where are you investing then?..

[gisjob2] 30/12/2009 12:28

Restructuring = screwing small investors

[gisjob2] 30/12/2009 12:28

Nightmare company ! For reasons see post 466 in september on other thread!

[gisjob2] 30/12/2009 12:25

Investors often lose big time when consolidations take place too !

[gisjob2] 30/12/2009 12:24

see my post 466.

Not trying to be clever, but did warn about the dangers of investing in this company when the share price was in the teens. I could give an honest view from within the industry. Be careful to not get carried along by talk of a quick recovery by people on this board. Good luck all !

[squire007] 30/12/2009 12:06

johnH sounds reasonble to me ! ;-)

price should be a tad higher then