Widney Share Discussion Threads

[jonwig] 13/9/2007 11:37

Another one:

Pro Forma BS net assets at 31/03 ...... £7.9m
Minus Widney pressings not sold .......(£1.4m)
Plus release of Belcot assets ......... £0.8m
New BS net assets ..................... £7.3m

Assets tangible, no debt; against a MCap of £4.1m.

Have I forgotten anything?

"I cant see this dog surviving long."
It will survive, but will it make a profit?
There are still a few metal bashers about with assets above the MCap (BMT, for one) but that doesn't make them worthwhile investments, if they're barely profitable.

[jonwig] 13/9/2007 11:00

Charo - can you give me a source for this statement of yours, please?

cat even blamed there dissapointing last quarter partly on the closure of widney cabs."

It's not an idle question on my part, as I'm looking at - maybe - buying some of these.

[charo] 13/9/2007 10:30

woof woof strong bark and still bite.

[ba5hir is back] 12/9/2007 18:39

I cant see this dog surviving long.

[loverat] 07/9/2007 19:16

charo

Are you sure the figures in the balance sheet have not been cooked up?

WDNY worries me - I see several similarities between it and EVS. EVS
posted good figures and then went bust shortly afterwards.

What I am really asking is can the management here be trusted?

[loverat] 07/9/2007 19:08

Down again.

[charo] 04/9/2007 21:05

cant do, look at balance sheet,cash assets profits .may not be great but cant go bust.get real.

[loverat] 04/9/2007 15:47

Not long before the whole business goes down the drain...taking shareholders
with it no doubt.

[charo] 03/9/2007 17:06

watch the balance sheet when restructuring complete which i suspect is almost ,balance sheet nil debt north of 1 million in cash and higly profitable and cash generative.6 months ago dead over indedbted loss making and how .as usual and as often before this team have turned it around and will make ground as others head for the rocks the xpected credit squeeze exposes.

[callumross] 03/9/2007 12:51

ah, well - another of widney's businesses down the pan

[loverat] 30/8/2007 17:30

Still in the doldrums.

[ba5hir is back] 29/8/2007 18:30

WILL TEST A NEW LOW SOON.

[charo] 27/8/2007 11:11

the restructuring of widney must be almost complete.the desperate closure of thecab division,caused by caterpillar,could this be the supplier whose failure cat say played a part in their faulure to meet targets.caterpillar senior management neeed to ask why they resourced at such a cost,allowed the sale of the property eliminating bulk of group debt.such a sale would not have been possible today and certainly not at the price achieved.grimmond acted quickly decisively and will i am sure have the group well financed and ready to go as financial problems increase across the board

[loverat] 16/8/2007 17:26

Looks set for further falls in these poor markets.

[loverat] 08/8/2007 12:39

Looks bad.

[ba5hir is back] 06/8/2007 16:16

In the low pennies. I wish I had followed you more often ratty I have just lost another bundle on VOG and Pendragon. Sold a few MWE as well.

Im on medication at the moment its so very depressing.

[loverat] 06/8/2007 13:39

Yep - I think we could see this sub 10p sometime soon.

[ba5hir is back] 06/8/2007 12:04

Worse this morning.

[hvs] 04/8/2007 14:05

Very clever indeed.

[loverat] 04/8/2007 14:05

Yes - he could have bought at its peak...and then he would have lost
loads of money..

[loverat] 04/8/2007 13:23

Looks like your contact got out just in time. Nervous times ahead for
those remaining holders.

[ba5hir is back] 03/8/2007 11:08

A contact of mine managed to dump some huge stock lately.

[hvs] 02/8/2007 14:16

lol !!!

Looks like large stake changing hands.

Some action to follow I bet.