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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Worthington Nic | WNG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.25 |
| Top Posts |
|---|
Posted at 13/3/2008 09:35 by coolmd News is out that WNG (Woods) have just one a very large very profitable contract with Manchesters Premier Property developer and owner Bruntwood with others to follow. If they can stand by them and have faith in WNG then others will surely follow... |
Posted at 10/3/2008 00:27 by venlib "if you are so sure of yoirself and all your facts confirm who you are......"iiinvestor - I think you're onto something. All those who say their knowledge is by virtue of a close liaison of wng should perhaps be called upon to back it up with saying who they are so we all know if that knowledge is genuine or not. Starting with those who are spouting, but have no track record of any events backing up what they've said on here. My track record has called it right for over 18 months so I think we should start with the likes of Coolmd, Windjammer, gearing, goodtiming, r1ngo, richmond, littlemadam,yourself of course, and all the others who say 'I know wng etc' but who as yet have zilch to back up what they've stated as fact on here. So - after you...or do you, et al, have a good reason for keeping your identities a secret? P.S. Thanks for confirming the email re BO was genuine - I was very confident in my source otherwise I wouldn't have posted it. Sorry Littlemadam, back to the fantasy drawing board for you. |
Posted at 08/3/2008 22:27 by gerry321 richmond9 iiinvestorHope youre right re next weeks announcement I have always believed the problem of turning around WNG was too great as the facts seem to suggest the IPO was more about securing a cash lifeline to pay off cumulative losses and hence was done on a false set of numbers Even the best turnaround specialist in the world would find it difficult to restore WNG hence my view that his best strategy is to sell whats left and refocus the cash on a new business model in a different market altogether ......... Re Venlib et al I rckon the people with most to gain from the demise of WNG are those who took shareholders money under false pretences ie the family threesome EB MW and PW I see yourr point though re Altertherm If they are in the same business then they also could benefit from WNG going bust |
Posted at 06/3/2008 19:32 by richmond9 Venlib. Sorry but you need to read the statements and do a bit more research. He had already put aside the redundancy costs for shutting down ASNicholls, Project Air and WN Facilities (WNF had published accounts for the last 4 years so not sure how you worked out it was dormant?). There was also a further provision for future redundancy's. He had also paid off the mortgage of 1.1m on the property in North Manchester, which is now free of debt, and has a buyer agreed for next Jan 09 so 1.5m will come back into the company. After all of that he was able to confirm that the Plc had nett cash of 8m (in Plc terms that is after taking into account for the above items) They have not closed down the maintenance division, which still has a number of major contracts and they are currently advertising for a Maintenance Manager to head up the department working out of Wilmslow (its on the WNG web site) All of the installation work has been transferred into Woods including the Premier Inns contract. You need to understand that the City has no sentiment for the air conditioning industry or WNG. It is preoccupied with money, making it and using it. That's what SB and the team are there to deliver and that's what they will do as their track record demonstrates |
Posted at 26/2/2008 09:06 by richmond9 Venlib. We already know from previous posts that you are at best an insomniac Walter Mitty or at the very worst a complete liar!Your post 5616 is so factually inaccurate and I agree with littlefraggle that it is libelling to MW, BO and HW As stated by littlefraggle Justin Lewis had moved to Australia and set up the asia pacific office of CS well before WNG were going through the IPO As a further example of the complete rubbish you dress up as well informed information is your claim that MW worked for McKay Russell and they got rid of him in less than a year. MW worked for McLeod Russel Holdings PLc from April 99 to Jan 2003 as MD of the Seasonmaster Division and was appointed a Director of McLeod Russel (UK) Ltd in 2000. I can work out the length of service and it looks like more than a year to me. Rutzler Filter were sold in February 2006 (4 months before the IPO) and were never part of the Group, the placing document or the consolidated accounts 5645 - Complete lie's. I would ask anyone else on this BB to do a D&B on WNG and all group companies as I did, because not one CCJ is shown. |
Posted at 24/2/2008 11:05 by coolmd edjodavI totally agree with you unlike most of the muppets on this site. The Premier Inns contract is a fact not a myth. I personally know the team who are running the contract an experienced team who have in the past gained their experience from the likes of Temp Control, Oasis, before Woods and eventually WNG. Orders and Terms with Manufacturers have been negotiated which incidentally is not the old WNG favorite Daikin.. No freeby Japan trips anymore!! So yes I think you are right, not all the Wng customers have flown the nest but actually the opposite customers under the new regime are a lot more comfortable with an experienced reduced crew who actually know what they are doing for once.... This one is going 50p by Easter, |
Posted at 15/1/2008 21:43 by venlib Which is what I said Gerry i.e. that his plan maybe to pay off the debts by letting the AQ's buy themselves back so that not only does WNG not have to part with the remainder of the deferred payments, but they get money coming in too by being repaid - and along with the cash they've got, it might all be enough NOT to have to go into admin but to allow a much smaller WNG to start again. Even if it was close but doesn't work then providing the plan had a reasonable chance of succeeding then even if admin followed he wouldn't be accountable. The question is - is he getting out what he can but still intending admin - or genuinely attempting to leave a much smaller core WNG so that at least there's still a business there even if it's not much worth having. The latter would mean that his reputation is not tarnished by an admin whilst under his control.WJ, WNG would not return to IPO @ 50p by losing the AQ's. You are forgetting that it was worth zilch on IPO as it was a loss making, disorganised business with an order book not worth having - you just didn't know it! But this time the market is forewarned and forearmed! WNG minus AQ's, cashless after debts paid, no maintenance arm and half the staff it had on IPO would have no value on AIM & would probably be de-listed |
Posted at 15/1/2008 15:23 by venlib Difficult to say ignoble - their work dried up months ago and what they've been going after was often at a loss, so nobody wanted a slice of that. Temperature Control have always vied with them for Daikin sales so they'll be happy to keep the No. 1 spot, but would have probably done that WNG or no WNG with the work rate down. WNG only get it as they sell ALL Daikin whereas most others sell a range, Mitsi, Tosh etc. WNG never did much beyond hotels and much as they tried to target retail/industrial after IPO. they didn't have much success. If there's any large hotel contracts on the horizon that WNG were going after then the manufacturers other than Daikin will no doubt be making sure the clients know of WNG's troubles to help shove the contract to a co that isn't tied to Daikin, giving them a chance to win it, so probably the happiest people to see WNG go down would be Tosh and Mitsi |
Posted at 14/1/2008 16:50 by gerry321 WJAgree If B has sold a business that was bought mostly with wng shares then wng may have made a profit on the deal either way this could also be B adjusting the business in preparation for a sale if so I would expect this to go on for at least another 8 to 10 weeks before a deal is announced We have still to hear any comment from wng suppliers who will no doubt be very interested in assisting wng in the short term and maybe longer Some competitors maybeB also interested although they wouldnt admit it publicy or privately |
Posted at 21/12/2007 18:20 by gerry321 VenlibAh ha.....!! Although "onceonly" may have subcontacted work from WNG in the past .. ...his co is not one of wng`s CURRENT subcontractors and hence all that really has been denied to Sand Frog is speaking to a CURRENT subcontractor....... .which rather begs the question ......what was "onceonly`s" original cover story in speaking to Beart..........??.. ..possibly to introduce himself and the co he works for with a view to getting some subcontract work .....and in the process...... genuinely compliment the boss on being so accessible.... . ........ ....perhaps also hint at how difficult it has been to deal with senior wng mgt in the past...... ..if a few drinks had already preceded this conversation ....the rest is history....... ..apart from the private conclusion by "onceonly" that he will now look eleswhere for business as he might not get paid for any work he got from WNG and thus felt free to relaese the content of his private conversation |
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