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WNG Worthington Nic

10.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Worthington Nic LSE:WNG London Ordinary Share GB00B105MM77 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.25 GBX

Worthington Nicholls (WNG) Latest News

Real-Time news about Worthington Nic (London Stock Exchange): 0 recent articles

Worthington Nicholls (WNG) Discussions and Chat

Worthington Nicholls Forums and Chat

Date Time Title Posts
15/4/200820:48WORTHINGTON NICHOLLS, Growth On New Legislation.6,211
15/12/200707:40Worthington Nicholls WNG3
01/6/200713:32HH is an idiot, and has moderated me.28

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Worthington Nicholls (WNG) Most Recent Trades

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Worthington Nicholls (WNG) Top Chat Posts

Top Posts
Posted at 11/3/2008 12:33 by jockblue
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
Posted at 11/3/2008 09:55 by chesty1
Well if you go in 1st thing this am then you have made a good return already....

This share has been hammered & quite rightly so, but there is always the possibility in a recovery & the city feel it can be done by looking at the share price recovery this am...

Negative posts from here wont work the news is out & the share price has a chance of a recovery & I am happy to ride it out.
Posted at 08/3/2008 22:27 by gerry321
richmond9 iiinvestor
Hope 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 08/3/2008 09:01 by richmond9
gerry321. Not sure what research you did for that post but venlib is a woman called beverley Curtis. Read my earlier post regarding the class action web site and the fact that altertherms server is hosting it. Look at www.altertherms.com and you will see a picture of a Gorvins solicitor at an altertherm Christmas party. Rest assured that WNG, BO and MW will be reading every venlib post and expect action now they know who it is.

SB on the other hand is the future for this share price and that's where posters should be looking. He's been at the helm for 3 months and as a turnaround specialist his 90/180 day plan is well on its way. Phase 2 will start this week with the 07 results, a new name and a statement about the future. Let's see what that is on Monday.
Posted at 06/3/2008 20:25 by venlib
Things have a ways to go as yet Z. Investors should consider that all these screen names that have popped up since the share price crashed, purporting to have the inside track on wng - where were they when you were all being ripped off? They weren't on here telling you the place was a shambles falling about around everyone's ears were they - it was common knowledge as I've been telling you. Now they're even doubling up and more on their screen names doing anything to get the share price back up again. You've had 2 years of spin already
Posted at 06/3/2008 17:21 by richmond9
Venlib. It makes everything easier surely. Following the transfer of the contracts/trading business and its staff into WN (Trading) Ltd it either has enough work to cover its overhead or it doesn't and it can have its cloth cut accordingly. This is the same for the other 5/6 limited company's owned by the Plc. WNG Plc doesn't need to trade/invoice customers, as it has the 8m in the bank and only 3 employees. The Board can raise money for the Plc by going back to the institutions that put them in and invest it based on what they are good at and have knowledge of. The city doesn't care what SB and the Board do as long as the Plc has a share price higher than it is now. If you look at XKO when SB took over in 1999 they had a Limited company that made clay pigeons, they sold this business to move into computer software and after 3 years sold all of the software company's and bought into the debt collection industry. The Plc remained the same throughout, it was only the Limited company's it owned that changed and the share price went from 25p to £1.96
Posted at 03/3/2008 20:34 by z1gzag
goodtime,
Well the share price does seem to suggest something positive is afoot and something might have leaked, on the other hand it could be a suckers rally.

At the moment Jarvis seems a better bet, but WNG may surprise.
Posted at 29/2/2008 17:06 by windjammer
well a great 2 days for WNG gaining 20% MMs` still happy to pay 10.5 on the bid at close of play roll on next week.

ROCKETFUEL

we will get the year end september 2007 results early march so maybe next week these will show the extent of the losses, but this is already built into the share price
so any positives that can be taken from them ,will see the share price head north . also would expect Mr Beart to throw somthing fairly juicy in for an appetizer.

have a good weekend.

PS. no doubt venlib will make an appearance to try and put the dampers on
Posted at 07/2/2008 21:45 by edjodav
Search Stock Updated 07/02/2008



WNG

Worthington Nicholls Group PLC
Daily Commentary


Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 07.01.2008 (31) days ago, when the stock price was 12.2500. Since then WNG has fallen -33.22% .

BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is taken as the previous close ( 7.9500 ) according to the Rules of Confirmation.

Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day's activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market is now ready for a bullish move.

We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.




BUY
CONFIRMED


8.1800
+0.2300 +2.89%

Candlestick Analysis
Today's Candlestick Patterns:
White Marubozu





Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.
For more about this candlestick click here.






Stock Quote
Day's Close 8.1800
Previous Close 7.9500
Previous Open 8.1000
Change +0.2300
% Change +2.89%
Volume 143,600
Stock Activity
Day's Open 7.6600
Day's High 8.1800
Day's Low 7.6600
20-Day Close M.A. 9.1430
50-Day Close M.A. 12.332
65-Day Volume M.A. 782,904



17-Month Signal History
Date Price Signal £100
Became
07.02.08 7.950 Buy 448
07.01.08 12.250 Sell 448
28.11.07 18.750 Buy 685
16.11.07 25.500 Sell 685
24.10.07 18.750 Buy 504
02.10.07 22.750 Sell 504
28.09.07 23.250 Buy 515
05.09.07 31.750 Sell 515
29.08.07 28.750 Buy 466
24.08.07 28.000 Sell 466
21.08.07 21.500 Buy 358
19.07.07 101.50 Sell 358
16.07.07 101.00 Buy 356
28.06.07 155.00 Sell 356
25.06.07 155.75 Buy 358
19.06.07 165.00 Sell 358
11.06.07 140.00 Buy 304
29.05.07 166.50 Sell 304
23.05.07 166.00 Buy 303
08.05.07 186.75 Sell 303
16.04.07 189.00 Buy 306
04.04.07 175.50 Sell 306
02.04.07 174.00 Buy 304
27.03.07 169.00 Sell 304
07.03.07 148.00 Buy 266
27.02.07 169.00 Sell 266
19.02.07 148.50 Buy 234
15.02.07 150.00 Sell 234
06.02.07 137.50 Buy 214
31.01.07 140.50 Sell 214
25.01.07 125.00 Buy 191
23.01.07 122.50 Sell 191
21.12.06 116.00 Buy 181
15.12.06 117.50 Sell 181
06.12.06 102.50 Buy 157
30.11.06 107.50 Sell 157
24.11.06 106.00 Buy 155
20.11.06 108.00 Sell 155
16.11.06 101.50 Buy 146
14.11.06 97.000 Sell 146
10.11.06 94.500 Buy 142
08.11.06 95.000 Sell 142
23.10.06 80.000 Buy 120
16.10.06 80.250 Sell 120
28.09.06 69.000 Buy 103
26.09.06 70.000 Sell 103
21.09.06 68.000 Buy 100
18.09.06 71.000 Sell 100



Disclaimer
The opinions provided herein are intended to inform. They come with no warranty of any kind. If you should choose to interpret BritishBulls.com information as investment advice, you do so at your own risk. Investing can be a very dangerous venture and it is you who must assume the entire cost and risk involved in all of your investment decisions, should you choose to follow this advice or use this information. BritishBulls.com staff, members of the staff's families, and/or entities with which they are affiliated, may from time to time, buy, sell or hold stock in and have other financial dealings with the companies that appear on the BritishBulls.com web site, mailings, or publications. The information contained on the BritishBulls.com web site, mailings, and publications is drawn from sources believed to be factual and reliable, but in no way does BritishBulls.com represent or guarantee the accuracy or completeness thereof, nor in providing it, does BritishBulls.com assume any liability. This information is given as of the date appearing on the BritishBulls.com web site report or mailing, and BritishBulls.com assumes no obligation to update the information or advice on further developments relating to any named securities. The information found on the BritishBulls.com web site, mailings, or publications is protected by the copyright laws of the United Kingdom and may not be copied, or reproduced in any way without the expressed, written consent of the editors.
Posted at 03/2/2008 18:39 by 1tb
Never posted before as I have been happy to just read but some of the comments on here really do distort the actual reality of the situation and it is misleading other readers. Please re-read the article posted.

KPMG were not and never have been the auditors of the company. They were brought in by management to do a review of financial matters and policies in 2007 and so the comments apply to that period of time. KPMG's concerns over accounting matters were based on their review they did and Tim Hunt was concerned in June 2007 about the £1m revenue added based on MW's word. KPMG are not the current auditors and probably were never considered as the new management team wanted a complete fresh start, understandably so.

IMO the share price has factored in the announcements made to date and the current share holding by MW. Lets be honest, the latest RNS cannot really have been anymore damning and I have seen a number of these statements over the years given I am an accountant too.

IMO (hypothetically speaking) - what will be interesting (and a positive impact to the share price)is if procedings are actually carried through and what will therefore happen to MW's holding. Lets face it, a company in this situation has already lost reputation on this so I presume it wouldn't worry about the impact of court procedings. In fact the market and all stakeholders would be glad to see new management sorting out the old issues and not brushing them under the carpet. All IMO of course.
Worthington Nicholls share price data is direct from the London Stock Exchange

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