Worthington Nicholls Share Discussion Threads

[iiinvester] 11/3/2008 17:39

Lets hope thats all in the past and lets look forward to SB turning things around

[r1ngo] 11/3/2008 16:12

the way this company was run bordered on the insane

[skyfoot12] 11/3/2008 15:02

windjammer: thanks for the info.

[coolmd] 11/3/2008 14:34

Ivor Whopper

Director's buys, looks good if they all commit....

[ivor whopper] 11/3/2008 14:08

Theres a lot of 10000 buys today, either someone stakebuilding, or another director buy on the cards.

[ivor whopper] 11/3/2008 14:06

well put, windjammer

[windjammer] 11/3/2008 14:05

skyfoot

people are buying into simon beart with his track record for turning loss makers
into money makers he was head at XKO from 25p to 199p in 4 years

[ivor whopper] 11/3/2008 13:52

do your own research..........................

[skyfoot12] 11/3/2008 13:51

have been watching this one of late, "poor results with more to come"
whats the reason for the recovery in the price?
has it been oversold?

[ivor whopper] 11/3/2008 13:25

13p by close, i reckon. Tomorrow will see proper buying coming in.

[chesty1] 11/3/2008 12:59

Nice moves....& glad I held on...

What a very bullish turnaround...

[varied] 11/3/2008 12:57

jockblue

Well said

[ivor whopper] 11/3/2008 12:50

12p on the cards for today

[jockblue] 11/3/2008 12:33

My take on this is....

1) There is a business worth saving.
2) The bits of the business worth saving ironically seem to be the acquired bits and the original WN Trading business appear to have been written off
3) Cash of £6.5m (about 7p per share) currently, but a loss making period, afew more exceptionals and any form of legal challenge will more than take care of that
4) Expectations set at break even by summer.
5) Beart puts money where mouth is
6) Kitchen-sink job completed, and in fact, actual write down not as bad as first feared.

So, in conclusion, I suspect we'll end up with a business selling refitting services to the hotel and retail trade - a bit of shopfitting with aircon thrown in. It'll be profitable hopefully, and may well be worth holding. SB clearly sees some merit by spending £30k of his hard-earned on it, when he didn't need to. The obvious downside is anything left over from the Worthington days.....it wouldn't surprise me if a legal challenge was made to the company and its advisors. I'm sure the family's assets are well out of reach by now.

A couple of comments on this thread...
Assuming everyone is who they say they are, and its not one person doppelling every single post....
1) Venlib may or may not have a previous connection with Wn, but regardless, the factual stuff he's posted here has turned out pretty much to be correct, and for that I'm grateful for his info.
2) I cannot see this share price going up anywhere fast - yes it'll fluctuate as its a magnet for day traders, but it'll need a solid set of post-apocolypse results to allow a rerating.
3) They've just about got enough cash to see out the restructuring, a big legal cloud hanging over them, and a share price worth next to nothing, together with a management team trying to rebuild it (note to self - Bionic Woman back on ITV2 tonight) - the last thing they would be doing is making acquisitions.....quite why anyone would suggest it is beyond me.
4) There's too much personal backbiting, particularly from the "20p-by-Friday" merchants or those who claim to have some form of personal knowledge of the industry.....lets let it lie.

jb

[coolmd] 11/3/2008 12:28

windjammer

Perhaps it was the last of venlibs holding and we will never hear of him again.
Well VENLIB you got it wrong all along....Feel sorry for those that have lost money along the way listening to you!

SB has started to put his money where his mouth is granted not a lot but then
there are not many shares around they are getting snapped up that quick, congratulations to all those that had the nerve to buy in this morning
at those fantastic prices and I hope this is the start of things to come..

[goodtiming] 11/3/2008 12:25

Windjammer that and the 100k at 8.5p = average 8.1p Mr Bearts buys...:)

[ivor whopper] 11/3/2008 12:16

no doubt there will more director buys announced

[iiinvester] 11/3/2008 12:05

Venlib - pot calling the kettle if ever I heard it!! You are the most bitter and twisted person I have ever had the misfortune of reading....drag yourself to 2008 mate!

[coolmd] 11/3/2008 11:48

Venlib

You have sunk more times than the Titanic, how many times is it now Three?
Suppliers won't touch you with a barge pole allegedly!!

If you spent as much time running your own company as you do on this BB
board you might know what your engineers are up too....!

[atlanticbridge] 11/3/2008 11:42

Nothing talks louder than putting your money where your mouth is!

[chesty1] 11/3/2008 11:39

RNS Number:8275P
Worthington Nicholls Group plc
11 March 2008





Worthington Nicholls Group Plc

(the "Company")

Director Shareholding



The Company has today been notified that Simon Beart, Chief Executive of the
Company, acquired 350,000 ordinary shares at an average price of 8.1 pence on 11
March 2008. Following these acquisitions, Simon Beart holds 350,001 ordinary
shares in the Company, representing 0.39% of the issued ordinary share capital
of the Company.



For further information please contact:-


Worthington Nicholls Group plc
Simon Beart, Chief Executive 07710 444370
William Good, Group Finance Director 01483 735703

Cenkos Securities plc
Nicholas Wells 020 7397 8900
Stephen Keys





This information is provided by RNS
The company news service from the London Stock Exchange
END

Nice to see there getting some aswell.

[windjammer] 11/3/2008 11:01

venlib

your Manchester co is safe, no one would touch it with a barge pole, worse than WNG of old

[richmond9] 11/3/2008 10:57

New name, 07 results and forward looking statement re half year break even forecast. Nothing in this that we didn't already know.

Remember SB is still in a closed period as only 3 weeks away from Half year on 31st March.

Expect SB to then give some guidance on where he is taking this and what he expects by way of options for doing it in early April