Wogen Share Discussion Threads

[tonyx] 21/12/2005 17:50

Now fallen 7 days in a row!
Couple of large trades today appear to be sells:-(

[fromtheblue] 15/12/2005 15:47

There must be a cost against earnings due to the flotation I would think. However, most metal markets have been more buoyant since the flotation, so the estimate is probably too low IMO.

[fromtheblue] 15/12/2005 15:42

ST11---> Peeps needing to start their Christmas shopping!

[slowtrain11] 15/12/2005 15:40

Also of interest is Bridgewaters recent note where they issue a neutral note despite 2005's very appealing forecasts. The reason may be something to do with 2006's forecasts. Does anybody have any access to the research or the reason behind the expected fall in EPS despite Turnover growth??

Year Ending T/over EPS
30-Sep-04 133.11 15.33p
30-Sep-05 174.17 35.86p
30-Sep-06 255.13 20.79p
(taken from Investors Chronicle's website)

Slowtrain

[slowtrain11] 15/12/2005 15:01

Anybody know why share sales today??

[rambutan2] 15/12/2005 14:54

have heard some v bullish predictions for titanium in particular but also for cobalt for coming year.

[fromtheblue] 15/12/2005 13:47

Wogen is an independent international metal trading business whose activities are focused on specialty metals and minerals including ferro-alloys, titanium, minor metals, electronic metals, light metals and the platinum group metals.

Wogen primarily engages in the physical trading of specialty metals and minerals, the provision of agency and consultancy services to third parties, primarily in China, and processing and transformation of metals and alloys.

Wogen is headquartered in London, United Kingdom with an international presence through offices in China, Japan and Russia and employs 52 staff

[scuba doo] 15/12/2005 12:49

Sorry Martin .

[martinwj] 15/12/2005 12:47

I warned you once.

[scuba doo] 13/12/2005 16:10

I've not read it yet but probably worth a look .

[martinwj] 13/12/2005 10:40

i think you'll find that since the knighthood, the eurovision gig is in the bag

[scuba doo] 13/12/2005 09:58

Morning Martin , fancy meeting you here , eh !

[martinwj] 13/12/2005 09:46

scuba....get out of here, i own most of this company

[scuba doo] 12/12/2005 12:29

I'll be honest, I've not given this one too much attention as of yet; but my first thoughts are that I can't honestly see him getting another series.

I'll have a closer look at the end of play today.


DYOR.



Scuba

[aleman] 12/12/2005 11:46

Don't forget the modest signs of a pick up in Europe as well. Eurotop 300 hit a 3 1/2 year high last week. I'll find a post to back economic pick-up there.

[fromtheblue] 02/12/2005 08:01

December 1st
1139 GMT [Dow Jones] Bridgewell initiates coverage of Wogen (WGN.LN) with a neutral rating. Says the metals trader, with its knowledge of speciality metals markets, is a significant link in the supply chain. As the markets in which it operates are opaque and the countries can be difficult ones in which to trade, it has the opportunity to add value for its customers, while making a good return for shareholders. Bases its valuation on analysis of the group's historical financial performance, as it's a cyclical business. Estimates fair value at 2.3x '05 book value, 153p per share. "On the assumption that 2006 proves to be a good year, there may be significant upside to this fair value." Shares unchanged at 150.5p. (PBA)

Edit: Considering the fact that metal prices continue to soar, I assume that the upside mentioned above will be considerable. As the SE Asian economies continue to grow at record rates and their domestic level of consumption also grows year-on-year for the foreseeable future (Chinese leader's recent comment), WGN will also grow considerably. IMO.

[fromtheblue] 29/11/2005 15:54

Looks like the MMs shook out enough sellers to satisfy a big buy, but stock now short again and share price almost back where we started. I was out when the dip occurred so missed a top-up opportunity.

[cockneyrebel] 29/11/2005 11:55

a nice dip missed for many I bet.

CR

[slapdash] 28/11/2005 23:21

Spooky -its only 4-5 times on the current year.... which appears to show exceptional earnings on massive bosts in commodity prices... on the years before I think it is on 10X.... so don't get too excited.........

Slap

[cockneyrebel] 28/11/2005 22:05

MTT sat on its butt for a little while, then the market woke up - same will happen here I suspect.

CR

[spooky] 28/11/2005 20:53

Slapdash and Arthurly - What would you be willing to pay for a business that has had an average return on equity above 18% over the last 20 years.I suspect that you would be willing to pay more than 10 times earnings,indeed any worthwhile investor should be falling over themselves to buy such a business at 10 times.Well with Wogen you only have to pay 4 times,you can spin it anyway you want to,but over the long term it's a bargain.