Share Name Share Symbol Market Type Share ISIN Share Description
Woodburne Sq LSE:WSAG London Ordinary Share GB00B01B0B28 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.75p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.0 -0.3 2.5 1.5 2.40

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Date Time Title Posts
21/3/201209:04WOODBURNE SQUARE AG PLC - SILVER MINING INVESTMENT VEHICLE1,206.00
04/11/201122:16After WOODBURNE & WINNIFRITH5.00
17/6/201121:42Woodburne Square AG -TW's shiny silver vehicle71.00
11/5/201111:33Woodburne Square - 2011165.00
31/3/201118:19WOODBOURNE SQUARE AG SILVER MINER INVESTMENT VEHICLE18.00

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DateSubject
21/3/2012
09:00
rodez: Hellisreal - 14 Mar'12 - 22:31 - 1090 of 1204 What did we pay for Madagascar out of interest,if it is worth so much? stu31 - 14 Mar'12 - 22:42 - 1091 of 1204 stratmin paid $1.275m for 15% and no-one knows what it is worth until more info becomes available about graphmada.. Jo Jo- 15 Mar'12 - 00:33 - 1092 of 1204 We need confirmation of total mine reserves, quality in ground, quality at gate, and cost per ton to mine/process/etc. If we have just a bit of of 99.9% graphite coming through and the mining/refining/transport costs are conservative (say $700/ton) we are making serious money: ($3000 - $700) x 12000 pa = $27.6m x 0.15 = $4.14m pa. Based on a modest p/e of 4, the Graphmada investment would be worth about $16.5m, say £10m... for an investment of just $1.275m (£0.8m approx). All guesstimates, could be wrong. Please check my figures. If near correct, and we manage to double our stake before production starts in Q2 (which we can do from existing funds/holdings), we will have a resource which is worth over £20m -more if you use a forward p/e. Share price should be a leading indicator, in which case it will have to motor between now and May/June. Time for bed. IMPO/DYOR.
24/2/2012
11:56
jojo_jo: Not sure how they'll do it. Although there would be more shares in issue, implying dilution, the RTO'd company's value would more than compensate. If, for example WSAG became the JV company for the GlobalGold/ConsMin enterprise, each would get shares equivalent to the value of their proportion of the deal. This is not going to be excessively high initially (so less dilution) based on the investment by ConsMin in the JV, but once the mining (and cashflow) starts the value will rocket. The share price will be ahead of the game, and jump at the first news of any such RTO as the herd belatedly try to get on board. Clearly Sahney's initial concerns were addressed by Mr Marvin and he was subsequently happy enough to proceed, a while later, with his company's share purchase at the original, premium price. He was obviously satisfied that his investment was going to reap big rewards. I am happy to hold/build on that basis. Unquestionably our (PIs) stake will soon be worth many times its current value. IMPO/DYOR.
11/2/2012
12:24
marab: engelo - VIR just an example of what an uncontrolled share issuance can do to current share holders and I wasn't saying that would happen here just saying the possibility exists. The main thing is the result of raising any cash, so if they issued shares even at 0.4p and created a NAV of over 3p then everyone would still be happy. Say we have 60m shares in issue at the moment with a NAV of 2.7p and another 40m are issued at 0.4p, that would give a NAV of 1.78p. Issue 40m at 2p and the NAV is 2.42p. Issue 40m at 3p and the NAV is 2.82p. I would still be happy with the worst case scenario as long as the company invested in something as promising as the graphite venture. I do not like paying CGT and am trying to invest in companies that could give me decent long term financial gain and that is why I am invested here. I don't really care where the share price or NAV is at the moment as long as we look like we may have some growth potential. I don't see any harm in looking at the worst case scenario and basing my investing decisions on that with due regard to the future prospects. There was a good chance the share price would drop from where I bought in, but I was happy to do so and may well add when we get some news. Current share price does seem to be a good entry point for new investors, or those like yourself who hadn't already fully loaded up.
03/2/2012
16:49
marab: '14 October 2011 As part of this revised business model, and to initiate the establishment of the Company's cash resources, Woodburne is pleased to announce that it has raised £150,000 before expenses, by way of subscription by new investors, for 4,615,384 new ordinary shares of 0.4p each in the share capital of the Company (the 'Subscription Shares') at a price of 3.25 pence per share (the 'Subscription Price'). The Subscription Price represents a premium of 4% to the closing share price of the Company on 13 October 2011.' That is one seriously long time to issue shares I wonder if some master plan was interrupted by our new major share holder.
31/1/2012
12:25
marab: I can see the share price going up after a period of doing nothing. Trouble is we don't know what will be done with the company but if you have a look at the last 2 RNSs you can see 2 possibilities. The new share holder could have plans to reverse some assets into WSAG, and that may or may not be related to the investment announced on the 12th January. The NAV should be about 2.7p here which underpins the current share price and the large holder bought in at 3p according to TW. The hope is that a reversal into WSAG will have a very positive impact on the NAV and thus the share price. With no news some people are selling and moving on but buying shares now would be buying at a discount to NAV. This is a buy and hold stock but news could come tomorrow, next week or next year. Have a look through the last few pages of posts ad see what you think.
14/1/2012
17:18
marab: In June the NAV was about 2.8p, then we had an RNS in October that said,- 'Faced with these continuing difficulties, and mindful of the need to retain shareholder value in the Company's existing portfolio, the Board has undertaken a strategic review of the sustainability of Woodburne's current investment model. This review has concluded that to provide a long-term, sustainable platform to drive shareholder value, the Company should build its cash resources, via the phased sell-down of its existing portfolio, and thereafter to seek one or more large-scale natural resource investment or acquisition opportunities. As part of this revised business model, and to initiate the establishment of the Company's cash resources, Woodburne is pleased to announce that it has raised £150,000 before expenses, by way of subscription by new investors, for 4,615,384 new ordinary shares of 0.4p each in the share capital of the Company (the 'Subscription Shares') at a price of 3.25 pence per share (the 'Subscription Price'). The Subscription Price represents a premium of 4% to the closing share price of the Company on 13 October 2011.' Since we don't know what was sold or at what price we have no clue what the current NAV is. The £150,000 raised at 3.25p will have helped support the NAV though. Regarding the loan note - 'On this basis the Company will therefore issue loan notes with a 0% coupon which convert at 5.75p into 1,003,148 new shares to TIM in respect of its quarterly management fee.' There appears to be no time limit on the loan note but I wonder if TW would be willing to sell that on at a reduced amount or whether he will hold on to it. We are only talking about £60,000 value so probably doesn't make much difference anyway. It would appear that there is about 64m shares in issue at the moment which is nothing really for an AIM stock, and we know that at least 22% is held by what we expect to be a firm holder, so probably not a lot of free stock. The share price seems to be pretty well supported at about 3p which is comforting. So an NAV of somewhere between 2.5 - 3p perhaps, 64m shares in issue, a 22% share holder, some intereesting investments and perhaps the chance of an RTO somewhere in the future. Doesn't look bad value for 3p a share. Be interesting to see if the possible market slump on Monday affects the share price here, although somehow I doubt it. I suspect a few of us here would take advantage of any share price weakness. I suppose we should thank the Lander brothers and TW for whacking down the overheads here, which means most of any cash raised goes into investments and not directors pay packets.
09/1/2012
11:32
marab: The bargain size at the moment is 25,000 but I can sell 250,000 at 2.55p with no trouble, and its 3.15p to buy the same amount. Historically with this stock people buy in, get bored on no news and sell, share price halves, RNS comes out, share price doubles, everyone rushes back in, share price doubles.
09/1/2012
09:19
marab: knowsleyman1 - good to see you use the word 'addition' I thought you might have sold out by now and missed the latest rise. Does make you wonder if TW knew about the new share holder when he sold, I suspect not, and would love to see the share price double for that reason alone. Interesting times ahead. Again. Jojo, engelo, looks like I have as much as I am going to get now, hope you guys got what you wanted as well. The share holdings at WSAG don't appear to have been updated since November 2010 so no idea who owns what now. The last RNS stated there were 63,872,045 shares in issue with Consolidated Minerals holding 13,577,631 or 21.87%. They may pick up some more as per the RNS on the 4th January 2012 - 'The Board of Woodburne Square AG plc ('Woodburne' or the 'Company'), the silver and precious metals focused investment company, announces that it has issued 335,925 new ordinary shares of 0.4p each ("Ordinary Shares") to Russell Darvill and 1,450,000 Ordinary Shares to Nicholas Hall pursuant to compromise agreements with both former directors.'
30/12/2011
12:07
dosser2: TWs view then and now 5. To silver with Directex Realisations (DXR) which on 7th January will have an EGM to change its focus from being a failing media play to a silver investment company. Its Chief Investment Officer ( a la Athol Gold) will be me and its name will become Woodbourne Square Ag. The share price is now 4.75p valuing it at £2.38 million. Assuming that it flogs one small non -core media asset soon it should have c£1.6 million net cash or 3.2p per share. That will almost all be invested in silver stocks mainly in Canada and Australia. Now given that I expect silver to go from $30 to $50 over the next 18 months and given that we have a pretty good record of stock picking so should outperform I would expect the NAV to be well North of 4.75p by Christmas and for the shares to trade at a premium to NAV when folks realise what is going on. There is one other potential bonus here. The company may or may not be due a tax rebate in France in 4 years of up to 5p per share. We are investigating this closely and we reckon the odds are against it but it is just possible that there is a windfall gain to be enjoyed here as a bonus. Treat that as a bonus. As a silver play if you can grab any Directex at sub 5.25p I reckon that you should - Athol often trades at a 50% premium to NAV and so - in due course - will Directex I reckon. And it would not take much to get NAV hurtling past 4p per share given the outlook for silver. Now This has been a disaster. I apologise. Our performance in terms of NAV was not great but was no disgrace given the economic backdrop. I put, in late summer, to the directors plans to narrow the gap between NAV and price ( see Athol Gold) and to create at a stroke a vehicle with critocal mass. This suggestion was ignored and in September I was told that I was not wanted as Chief Investment Officer. A new chairman arrived with - as far as I could see - no strategy or mandate. I attempted to use the large shareholding we had to inject a credible management team with an amazing record in biotech investment. But the board obstufacated. And then a mate of the chairman offered to buy our shares at NAV (just under 3p) and we accepted. So we no longer own Woodie shares and I have no idea where the company is going. That the chairman's pal is prepared to pay almost 3p a share should offer some encouragement but I cannot get excited about this one any more. If you find any strength you should sell into it of you can get anywhere near NAV. Apologies again.
17/10/2011
09:27
atlantic57: Surely the net asset value must be higher than the current share price Is it also not the case that their has been a subscription at 3.25p. As part of this revised business model, and to initiate the establishment of the Company's cash resources, Woodburne is pleased to announce that it has raised GBP150,000 before expenses, by way of subscription by new investors, for 4,615,384 new ordinary shares of 0.4p each in the share capital of the Company (the 'Subscription Shares') at a price of 3.25 pence per share (the 'Subscription Price'). The Subscription Price represents a premium of 4% to the closing share price of the Company on 13 October 2011.
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