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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wogen | WGN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 39.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 39.00 | 39.00 |
| Top Posts |
|---|
Posted at 25/10/2008 09:46 by jonwig Thanks, Skyracer.The annual divi cost £3.3m for the last FY, so that would be a reasonable assumption. In theory, of course, they should be able to profit whatever the direction of the market they are making, but I seem to remember they came badly unstuck shortly after IPO. Anyway, I'm very unlikely to be buying them! |
Posted at 25/10/2008 08:23 by skyracer Hi Jonwig,The balance sheet is strong in the sense that even if their inventory value were halved due to a write down it is still equal to their market cap and is turned over 5 times in a year so although profitability will be hit there shouldnt be a problem with access to cash. IMO the dividend yield now at 15% is far too high and should be prudently cut to 7.5% or 5% with the statement that as soon as market conditions permit the higher dividend will be restored. |
Posted at 24/10/2008 07:40 by jonwig A positive trading update for the full year to 30/09.I'm a bit surprised that they can describe their balance sheet as 'strong' though, when inventories were £44.4m at 31/03 and will have to be written down significantly - unless they've traded them all away? But if they have doubled up H1 performance, eps will be about 10p and divi nearly 5p. I just can't believe it! Anyone care to comment? |
Posted at 10/6/2008 19:09 by myopia I suppose higher operating expenses might be just caused by higher bonuses to traders. Whatever it is, like timanglin says, hold and enjoy the divi from what look like a pretty canny operator. |
Posted at 10/6/2008 14:38 by timanglin yes Skyracer- you are correct about the finance expenses and this really should be explained, however the operating costs increase has generated a significant increase in profit, at this early stage of looking at the trajectory it looks as if the trajectory is upwards, the next set of trading statements will be interesting... I am a holder and enjoying the divi. DYOR. |
Posted at 04/5/2008 08:19 by mathisvale I have the feeling that this co is off most investor's radar. The profits drop just after its IPO also upset a few people. Nevertheless, this is a well managed growing co, with management who are used to trading through tough times.The co provides a safe high yielding dividend and is also trading not far from its net asset value. IMO this share price is going to continue to slumber along for a while until profits suddenly shoot up and takes us all (?) by surprise. Then everyone and his dog will want to climb aboard. By then I should have a large holding and will be starting to unload |
Posted at 14/3/2008 08:49 by stevemarkus Hi cottonpickers. Yes, good news and it bodes well for Ambrian I would think, as they're in a similar line of business. Nice dividend coming up soon as well, 4p a share I think.Cheers, Steve. |
Posted at 17/10/2007 09:48 by leading Well I guess that if a profit warning was coming this year we would have had it by now, so there is increased confidence in a decent outcome for the year which ended 30th September.These shares look ridiculously cheap to me, with a stonking dividend that management are very committed to maintaining or improving, very high value of net assets relative to market cap and the whole commodity bull market background (which looks like continuing for years). A lot of people seem to have been put off by the timing of the float of the company, but that's history and it doesn't mean that an investment now is a bad bet. Seems a reasonable way to play commodity market strength to me. Dollar weakness is the only adverse factor I can see, but with no profit warning, I guess it has been accommodated. |
Posted at 05/10/2007 16:05 by mathisvale The net asset value and large dividend have helped the share price form a solid base.The first higher low has appeared on the chart, so looks promising as the first tentative signs of the next bull cycle |
Posted at 14/6/2007 08:39 by mathisvale The interim results look OK. Profits are steady, the dividend is enormous and the company is growing steadily. This not a stock with a high profile. The steep dive in the share price shortly after the share issue must have put a lot of people off. However, this business is cyclical, the management are experienced, and large ups and downs are the name of the game. In my view this is a very good stock to buy at this stage of the cycle. That is what I have been doing. |
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