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Real-Time news about White Young (London Stock Exchange): 0 recent articles
|chart trader: Headline: DJ Dunedin Enterprise Investment Trust Plans Change Of Investment Policy
Date/Time: 01/11/11 08:28:10-GMT ▼
LONDON (Dow Jones)--Dunedin Enterprise Investment Trust PLC (DNE.LN) said Tuesday it has undertaken a strategic review of the Company and now plans to change its investment policy.
-Company's portfolio will be progressively refocused on U.K. lower mid-market buyouts where it has invested directly or through funds managed by its investment manager, Dunedin Capital Partners.
-Company's existing third party managed fund investments may be held to maturity, although Directors will consider earlier sales of all or any of those investments, together with any associated undrawn commitments.
-Company plans to introduce a distribution policy using at least 50% of the capital gains made on realizations of the Company's investments in U.K. lower mid market buyouts and a substantial proportion of the net proceeds from any sales of the Company's existing investments in third party managed funds to fund share buy-backs, tender offers, returns of capital, dividend payments or other distributions to Shareholders.
-Company plans to cancel the share premium account, thereby creating a special reserve to facilitate the new distribution policy.
-Shares at 0825 GMT up 2 pence, or 0.7%, at 291 pence valuing the company at GBP87.21 million.
16 November 2011
Dunedin Enterprise Investment Trust PLC (Company No SC52844) - Interim Management Statement
Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") presents its Interim Management Statement for the period ended 30 September 2011. This is the Company's second interim management statement for the financial year to 31 December 2011, as required by the FSA Disclosure and Transparency Rule 4.3.
1. Unaudited net asset value per share The unaudited net asset value per share at 30 September 2011 was 531.7p. This represents an increase of 1.3% from the level at 30 June 2011.
2. Share price and discount The share price has decreased by 23.6% from 363p to 277.3p in the quarter to 30 September 2011. This compares to a decrease in the FTSE Small Cap Index of 14.9% over the same period.
Based upon the net asset value per share of 531.7p, the discount of the share price to the net asset value per share has increased from 30.9% to 47.9% in the quarter. This increase reflects a widening of discounts across the private equity investment trust sector. When cash is excluded from net assets then the discount increases to 55.2%.
low risk trade if the market didn't close the discount I was happy to wait it out and collect the dividends.|
|diku: 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!!..|
|gisjob2: 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 !|
|postiga08: is this company screwed? notice share price is all time low, any hope for WHY in new yr?|
|boonboon: 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|
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...|
|kroberts: Bought in spread bet at 12.48 last week, which is now my stop.
Nil risk/limitless reward on the table.
I agree with Bluenose regarding what the Directors said, however you must agree this share price has just about every negative already priced in and therefore the risk/reward is northwards.
If nothing else it will be entertaining along the way. Another 0.5 up today - thats my kinda share action give me another 2 months of the same.|
|999rp: could be some movement today, noted that Jarvis are in prelim talk (not!!!)
but the share price went up a whack yesterday, I still have a feeling that WHY may be suseptible to prelim inquiries...
who knows, but i sold out yesterday so it is bound to go up today...|
|joe_public: RNS out 7am
White Young Green plc
Awards under the Long Term Incentive Plan
White Young Green plc ("the Company") announces that awards were made on 17
April 2009 to two executive directors under the Long Term Incentive Plan ("the
Plan"). Awards under the Plan take the form of an opportunity to receive shares
in the Company ("2009 Awards").
The performance condition under the 2009 Awards is based on the Company reaching
a share price target over a three year period from 17 April 2009 to 16 April
2012 ("Performance Period").
Target performance means that the Company's share price at the end of the
Performance Period should be equal to or greater than 60p. The price at the end
of the Performance Period will be measured by reference to the average share
price over the period 16 March 2012 to 16 April 2012.
Awards have been made to directors which, if vested, would lead to those
directors becoming entitled to a maximum of 900,000 shares as follows:
Paul Hamer, Chief Executive Officer: 500,000 ordinary shares
David Wilton, Group Finance Director: 400,000 ordinary shares|
|tonester30ccfc: White Young Green forced to deny takeover
16 April, 2009
By Joey Gardiner
Share price rockets 155% as engineer publicly confirms no offers have been made
Struggling engineer White Young Green has been forced to deny it is on the brink of being taken over after its share price nearly doubled in trading this morning.
The company's share price rose to a high of 23p just after 12.30pm, after closing at under 9p last night, a rise of 155%.
The company has not been publicly linked with any particular bidder in recent days but has been struggling to re-finance in order to deal with its £91m debt. The firm said it had noted the share price rise but "confirms that it is not in discussions with any party regarding a potential offer for the entire issued share capital of the company."
The statement to the city added it remained focused on reaching a successful conclusion to negotiations with lenders. It said it had made "good progress in achieving substantial cost and headcount reductions, as well as improved cash management."
Last month White Young Green chief executive Paul Hamer told Building the firm had received: "absolutely no approaches from any domestic, European or American companies since last summer."
Building reported in September that Dutch engineers Arcadis and Grontmij had run the rule over the firm last summer.
Following today's statement the share price fell and was running at 20.5p at the time of going to press, a rise of 139% on last night's close.
White Young share price data is direct from the London Stock Exchange