Widney Share Discussion Threads

[mrba5hir i] 05/12/2007 14:29

LOL

You don't need level 2 for this stock. You just know its going to fall....

[mrba5hir i] 05/12/2007 14:28

A classic MM trick...and its worked.

[ba5hir is back] 05/12/2007 14:28

I have sub level!

[mrba5hir i] 05/12/2007 14:25

LOL

Anyone got level 2?

[ba5hir is back] 05/12/2007 14:20

Buyers today must be feeling sick the mms have now trapped them in a dud stock.

[mrba5hir i] 05/12/2007 14:18

Discounting the negligible affect of any dividends received thats a loss of £17,700 over the period.

[mrba5hir i] 05/12/2007 14:17

Holders who bought 20K worth three years ago would now be left with only £2,300.

[ba5hir is back] 05/12/2007 14:16

Did it just drop CR?

LOL

[ba5hir is back] 05/12/2007 14:16

So its going below 1p then!

[mrba5hir i] 05/12/2007 14:15

This puts things into perspective....

[ba5hir is back] 05/12/2007 14:11

LOL its a bad stock thats for sure.

[mrba5hir i] 05/12/2007 14:09

I see this back down to where it started first thing.

Get out while you still can - its falling!

[mrba5hir i] 05/12/2007 14:07

And down it goes again!

[ba5hir is back] 05/12/2007 14:06

Market makers have stuffed up buyers...LOL

Its a croc.

[mrba5hir i] 05/12/2007 13:33

New charitable thread for failed WDNY investors..

[mrba5hir i] 05/12/2007 13:32

This is a thread for long suffering Widney investors.

The latest results do little to help those poor souls who have held
this stock since £1.20.

Any good investment advice (or charitable financial contributions) would make a failed investor happy at Christmas.

[cockneyrebel] 05/12/2007 12:46

You're a broken record.

CR

[mrba5hir i] 05/12/2007 12:44

Falling back down now..

[hugepants] 05/12/2007 12:39

The fact that one of the disposals fell through is the reason the balance sheet isnt as strong as some hoped. Otherwise looks pretty good for a market cap of just over £3M. Creditors covered by debtors, confident outlook and over £0.9M operating profit. With 30M in revenues still looks a good recovery play to me at this market cap.

[cyberpost] 05/12/2007 09:50

WINS having a glitch. They've stopped quoting for all stocks. Must be a computer glitch. Hence the offer now showing 15.5p. WINS were on 15p.

[jonwig] 05/12/2007 09:43

charo: the small amount of debt is the inv discounting

The fact that interest has been paid in H2 (£0.158m) suggests there is bank debt there. Let's say 6% for six months, suggests £1.3m - their stated debt at year end is £2.3m.
So I'm still sceptical - the annual report will, I assume, explain.

As for profits, FY continuing ops had (operating) profits of £0.94m, whilst H1 had £0.534m.
So I'm not convinced that a H1 loss has been followed by a H2 profit (as per CR).
We just have to take continuing operations, pre-exceptionals since the latter are so large.

Anyway, if they can make £1m pbt next year (and no sizable exceptionals) that will be eps of around 4p/sh. (As far as I can see there won't be tax to pay for some time!!)

So it all looks OK to me on a closer look ... will they be able to build the business and turnover? They seem to think so, and benefit of doubt, for now.

[cyberpost] 05/12/2007 09:32

LONDON (Thomson Financial)

Widney claimed top-spot among small-cap risers, climbing nearly 15 pct, or
1-3/4 pence to 13-3/4 as recovery hopes at the automotive group offset news of
sharply higher full-year pretax losses.

The company is confident it will begin to rebuild over coming months since
it is now substantially de-geared.

The board proposes to double the final dividend to 1.0 pence per share in
view of improved liquidity and current performance.