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WORK Work Group

3.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Work Group LSE:WORK London Ordinary Share GB00B0VP0707 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Work Group Share Discussion Threads

Showing 451 to 473 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
26/6/2013
06:49
Looks good to me. One subsidiary sold at just above NAV and full NAV of the Group at last results was over 19p per share.

Hopefully the tax charge is not entirely cash due to some losses somewhere.

deswalker
26/6/2013
06:23
Well as some of us thought Armstrong Craven sold to isis-
The Company announces that it has today disposed of the business and all trading assets of Armstrong Craven ("AC") to Isis Equity Partners for a total consideration of GBP2.8 million (the "Disposal"). The consideration comprises an initial cash payment of GBP1.8 million, a deferred cash payment of GBP300,000 and retention by the Company of certain trading assets. The Disposal will result in the Company incurring a tax charge of approximately GBP490,000.

Reasons for the Disposal

As announced on 3 December 2012, the Company has undertaken a strategic review of the business and has considered all viable opportunities to maximise value for shareholders in light of the disappointing trading results for the year ended 31 December 2012 and the changing recruitment services market in general. This review highlighted that the resources of the Company are not sufficient to meet the investment needs of both the AC and Work Communications and Resourcing businesses and consequently the Board decided to seek potential buyers which culminated in the current Disposal.

During the year ended 31 December 2012, AC generated an operating profit before exceptional items of GBP266,000 (2011: GBP934,000), and an operating loss after exceptional items (including an impairment of GBP2,921,000) of GBP2,683,000 (2011: profit GBP934,000) and had net assets of GBP2,657,000 (2011: GBP5,397,000).

Following the Disposal, which will result in the management team and other employees (in total 51 people) of AC passing across under TUPE regulations, the Company intends to concentrate on its remaining businesses of Work Communications and Work Resourcing. Over the past months there have been extensive changes in the Work Communications business, with greater focus placed on the recruitment management activities of the Resourcing businessand the development of combined services with the communications teams. In addition there has been a reduction in the income derived from communication activities and the Board believes that by targeting a more even mix of revenue streams the Company will have a more secure base from which to develop its business going forward.

The Company is targeting to bring its central overheads in line with its reduced activities following the Disposal and is already in the process of moving to smaller London offices. It intends to deploy some of the proceeds from the Disposal to increase the sales and business development capabilities of the Work Communications and Resourcing businesses. In addition, although the Company has been historically debt free, the working capital needs have become greater in recent months and consequently some of the proceeds will be used to eliminate the Company's current indebtedness.

battlebus2
25/6/2013
19:21
Hope we get a somewhat positive statement tomorrow.
battlebus2
29/4/2013
18:49
Not guilty your honour......I do own a few but haven't been adding.

It certainly hasn't taken too much to move the price up a little though.

cockerhoop
29/4/2013
09:08
......still nibbling this morning
cockerhoop
26/4/2013
13:12
Looks like the bottom has been fished out here and market cap still only 1.68 million, still looks cheap dyor imv etc.
battlebus2
26/4/2013
11:34
And a bit more today :))
battlebus2
25/4/2013
09:46
Bit of buying over the last few days :))
battlebus2
12/4/2013
07:40
I'm quite satisfied with that RNS. They are clearly well regarded in the industry and are making major efficiency savings in the background. I also read the Outlook statement as being guarded but allowing scope for not-insignificant surprises on the upside.

All that said, I'd be more satisfied if I'd never heard of the share let alone invested at double the current share price ....

I still think this business is worth quite a bit more than the current share price in a private trade sale and I hope our Board are continuing to explore that avenue on a regular basis.

Fingers crossed for a better 2013.

deswalker
12/4/2013
06:52
Boystown with respect it must be too early for you.
battlebus2
12/4/2013
06:46
Running my own numbers quickly, I get this to be worth less than nothing - unless someone can shed any further light on prospects etc.? It looks like the game is close to being up.
boystown
12/4/2013
06:28
Results out showing as expected a small loss for the year. What i didn't expect was the impairment charge of 8 million.
battlebus2
18/3/2013
15:21
Not today but over the last week or so. Results could be any time.
battlebus2
18/3/2013
15:18
Sorry, only saw the 15,000 reported - were the other trades today and if so on which exchange were they traded? Cheers
cockerhoop
18/3/2013
15:02
Yes but i noticed over the last week or so buys for 40k a 35k and two at 15k so a bit more that 900 in total :))
battlebus2
18/3/2013
14:58
.......at least for £900 :-)
cockerhoop
18/3/2013
14:42
I see someone is interested at this level.
battlebus2
15/3/2013
12:41
Results likely next week, hopefully some mention that trading has improved or stabilised. Really cheap at 6p if you can hold long term.
battlebus2
13/2/2013
10:37
Looks extremely over done now at 5/6p, hopefully the bottom.
battlebus2
03/12/2012
07:44
Not a good trading update with the final quarter particularly challenging. Looks like a trade sale to maximise shareholder value getting closer.
battlebus2
02/10/2012
06:51
Don't believe that's true as of the AGM statement.
battlebus2
02/10/2012
06:48
Shameful Results, Board puffing the shares up earlier this year and now.... terrible figures
bigboots
28/9/2012
15:21
A tick up i see on a few shares traded :))
battlebus2
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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