Share Name Share Symbol Market Type Share ISIN Share Description
Worthington Grp LSE:WRN London Ordinary Share GB00B01YQ796 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 87.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.3 -5.3 -42.0 - 11.20

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Date Time Title Posts
05/12/201612:13Worthington Group - Charts and News8,548.00
12/7/201621:12Music Streaming2.00
28/6/201616:53hoping for news of trading starting soon again19.00
03/6/201517:19Worthington on the move?23.00
15/11/201411:51Worthington Group - Shell possibility817.00

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Worthington Group Daily Update: Worthington Grp is listed in the Personal Goods sector of the London Stock Exchange with ticker WRN. The last closing price for Worthington Group was 87p.
Worthington Grp has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 87p while the 1 year low share price is currently 0p.
There are currently 12,869,645 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Worthington Grp is £11,196,591.15.
truth1: Yes all about asset revaluations, quick boost to share price, dump their shares. Just like with Law Financial. How can they be allowed to get away with it ?
papillon: Some people believe the Earth is flat. Others believe man has never set foot on the Moon. Yet others believe the 9/11 twin towers attack was the work of George W Bush in conjunction with the Jews. Many American voters believe Donald Trump is possessed of many (maybe all) of the qualities necessary to become President of the USA (LOL). No amount of evidence will convince these believers otherwise. Similarly some believe that WRN will return from suspension and the WRN share price will rocket. It's an act of faith; they are believers and no amount of evidence to the contrary will convince them otherwise. I suppose that's why apparently sane, rational, educated, people fall for the very obvious internet scams organised by the many conmen populating the web. Boiler room scams being an obvious example, where people spend tens of thousands of pounds on worthless shares and end up losing all of their money.
cliffpeat: On another quiet board (iii) and in response to a comment "Dead but will simply not lie down" I suggested: The post-mortem could be interesting for shareholders, pensioners of WRN scheme, creditors of Nunaminerals A/S and anyone investing in London Stock Exchange regulated companies. Discovering (inter alia): 1. The reason the various oversight authorities and Stock Exchange allowed a publicly listed company to not publish statutory accounts 2. Ditto re: general meetings of members 3. Whether all shares, warrants and convertible loan notes were issued for value and in accordance with all provisions of the company's Articles and company law. 4. The reasons (13 to date) the Takeover Panel has allowed the suspension of shares in the light of other companies act breaches. 5. Whether any person currently disqualified from acting as a director has acted as a shadow director of WRN 6. Whether any RNS notifications were made to deliberately deceive. 7. Whether the losses on realisation of any company assets at a small fraction of their "book" value were as a result of wholly "arms length" transactions. 8. Whether the director(s) of the company acting as company secretary of the WRN has been at fault or negligent. 9. Whether there had been any unusual WRN share transactions the timing of which might indicate the possibility of "insider trading". If you are a shareholder (etc.) there will be other items to add to this list. The answers to these points might show that the company and its officers have acted prudently and in the interests of all stakeholders throughout. What do you think?
cliffpeat: Some of the people who read WRN boards may have been puzzling over the question: How can money be made out of loss making mining companies? Well there is an interesting account claiming to be an expose of some AIM company promoters. hTTps:// The section "The Spin" states the following: "Quickly he learned that to make money in mining, you didn’t need profitable mining operations—just investors. In partnership with ["x"] he listed nine companies on AIM, a junior market set up by the London Stock Exchange in 1995 to allow smaller companies to raise funds (see box below). Almost always, ["x&y"] companies made huge losses. That scarcely mattered: with investors focused on short-term movements in the stock, they talked up share prices and siphoned off the cash. " I don't know whether this report is true or balanced and fair about the individuals they refer to - but it does seem to point to some possible ways of promoters making a lot of money at the expense of uninformed or trusting shareholders. Cash shells, BVI shareholders, share price frenzy, management fees, rent and other charges paid out to companies in tax havens, overvalued assets being bought by the AIM companies - all ways of extracting value. DYOR
cliffpeat: You are right 5baggersrus - there are some conditions and restrictions per the RNS 31 March 2015 which has a very clear summary of potential dilutions in different scenarios at the end of it. A separate later RNS on that same day stated: ".... The Company is therefore pleased to inform shareholders that it has been negotiating to merge with an overseas listed company on terms that would represent a significant premium to the Company's suspended share price. Assuming a successful outcome to the negotiations, the merged company will be traded on three European exchanges as well as in the United States. It is expected that the merged company would also apply for a secondary listing in London." But it appears that this was before WRN was not going to relist on the LSE (as I understand it). If NUNA becomes the effective holding company and its shares are relisted on the Danish SE I had been assuming it would make an offer of "new" shares to acquire the whole of the issued capital of WRN. How that affects the terms and rights of the warrants and con loans will be interesting - and whether those conversion/subscription rights that can be effected now - will be (i.e. before the takeover). Of course the structure of the new grouping may be something completely different but I thought the reason for this circuitous route to having "quoted paper" was to get it in place quickly. You might think that a new prospectus would be required by the Danish SE (not to mention the other 2 European and the US exchanges) for NUNA/WRN - if the shares are to be publicly traded. That side of things (and accounts and annual returns:) hasn't been WRN's strong point in the recent past. We shall see soon enough.
davidkip: "Issuing shares should always increase the market cap whatever the consideration is, it's the share price that won't necessarily go up" MCap is market value (lol) of company = share price x # of shares. if a company issues shares for no reason than wanting to issue shares (e.g. a share split) then the share price naturally adjusts down to match. Well in our normal world anyway. But I totally agree with the comment about the smoke and mirrors that Dougie will try to pull, making £2m + £2m = £350m out of thin air. It's like the laws of physics don't apply in Princes Riseborough ...
abadan2: skez13, I think you know the plan. Let's take GREP, which has only ever raised £400. While this is not the vehicle to bid for WRN, the principle is the same. Let's say GREP's 400 shares are prices at £1 a share, so then GREP offers WRN shareholders 1 GREP share for every 1 share they hold in WRN i.e. £1 a share so WRN shareholders are being offered a premium to the suspension price - indeed why not offer 2 shares in GREP for every 1 share in WRN, making the bid worth £2 for every WRN share, or 50 shares making the bid worth £50 a share. So you end up with an new company which is the WRN plus £400. While the names will be different, this will be the shape of the deal. As I have said before, the only relevant bit of information is whether any serious money is being put up by anyone. I doubt it.
cautoussid1: as we get closer to trading again , am glad I not one of the shorters caught when wrn went into suspension , especially if WRN share price in the weeks and months after trading moves up to around £20 a share
papillon: cautioussid Posts: 16,155 Premium Chat Member Off Topic Opinion: No Opinion Price: 87.00 shakeyourbodySat 23:51 also hoping that WRN will be able to RELEASE THE INFORMATION over a number of weeks , and it will be interesting to how much this share price moves up ,when one looks at how many posts are coming in it makes me so pleased that I hold wrn shares >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> "makes me so pleased that I hold wrn shares" Sorry sid you're not cautious at all. In fact time will prove you were very reckless to buy WRN shares!! sid? A deluded fantasist like many who post on the lse bb. I'm not trying to knock the WRN share price so it opens lower when it re-lists because I don't believe it will re-list.
davidkip: I see WRN haven't learned the lesson of the first spike and looks set to repeat history. Why are they doing this? To recap: WRN releases several statements about impending investments, using phrases like "major oil and gas investment" and so forth. This whips the market into a frenzy and the share price spikes due to the tiny free float. WRN then release the news (Essential Cyclist and the Jason Holmes Nigerian explorer) and the market is unimpressed. Profits are taken, price tanks as fast as it spikes. WRN then release an RNS today referring to the "roller coaster" share price over the last few weeks. And rather than trying to stabilise the share price by releasing news once they've actually made a deal (as opposed to beforehand), they do exactly the same trick again by giving out tantalising titbits about upcoming deals in not one but three areas (Media, Legal Claims, Energy and Resources). From today's RNS: "Media -... Further media investments are due to be completed within the next ten days which are expected to add significantly to Worthington's income stream. Legal Claims - the Company expects to be able to announce details of the acquisition of two further substantial claims within the next seven days. New Investments - the Company is also in discussions to acquire a significant number of new investments. They include: a majority interest in a substantial international, profitable and cash generative clean energy company; a significant minority interest in a private mining company with large proven reserves which is expected to be quickly cash generative; plus a substantial interest in a listed mining business; and also the acquisition of majority stakes in oil and gas producing assets. The Company expects to be able to report further in relation to these investments shortly." I'm all for them trying to grow the company but their approach to news release seems almost designed to create share price volatility. They are NOT required to pre-warn the market about impending deals, they have chosen to do this for their own reasons. Next stop £3.00 and then another eye-watering crash I predict! FFS
Worthington Group share price data is direct from the London Stock Exchange
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