Wt Rene Etf Discussion Threads

[bozzy_s] 08/9/2010 13:24

2nd RNS confirms what we already knew - 6.6 million reported sells yesterday.

I didn't buy at 1.6p and may live to regret that. I'm sure Tara plus followers will pick up a few million of the overhang and push the price back up.

[tara7] 08/9/2010 13:22

MM lifted the price twice today without any trades showing.

That points to at least some if not all being cleared.

Not all the MM had stock in the first place.

At some stage the stock will be cleared in any event.

[bethany3] 08/9/2010 13:22

Bid 1.6p, offer 1.83p, size 50k and 1.5m respectively - there's still some stocks left to be shifted imo. Earlier bid NMS was 100k.

[philjeans] 08/9/2010 13:19

Just your elation and comments at the RNS; it seemed to suggest to me, and maybe others, that the massive share overhang had been partly cleared!

But it hasn't - the MMs are drowning in Wren SHARES and the directors still have to find new investment money quickly to continue trading.

If not, they're effectively BUST.

[tara7] 08/9/2010 13:18

2nd RNS out now all sold.!!

[tara7] 08/9/2010 13:16

Lost me Phil, just cos some one sells is not the end of the company is it.?

[philjeans] 08/9/2010 13:14

And so when tara says - good that's half of Dominic's taken out - or something similar, I think he's completely missed the point!

An innocent error, I'm sure.

[tara7] 08/9/2010 13:13

Yes, as i said yesterday seller either needs cash, or fallen out with the directors.

The company RNS, [yesterday] made sure the shares stay cheap and investors stay away.

To me nothing has changed bar this sale.

Great time to buy if you take a view, as i do.

[pre] 08/9/2010 13:12

correct pj...just confirmation of yesterday's sales...

[philjeans] 08/9/2010 13:08

The RNS simply confirms that over 3M shares have been sold and the owner has reduced his stake to 6%.

Doesn't it?

[double6] 08/9/2010 13:05

MM's being MM's will be keen to get rid of as many of the 3mln+ shares from yesterday at the best price they can - be careful though!

[tara7] 08/9/2010 12:57

Great thats half Dominic"S gone.

[standtall] 08/9/2010 12:55

DJ Wren Ext Care Gp PLC Holding(s) in Company

TIDMWREN

RNS Number : 3582S

Wren Extra Care Group PLC

08 September 2010

+--------------------------------------+
| |
+--------------------------------------+
| |
+--------------------------------------+

+-----------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+-----------------------------------------------------------------------------+

+------------------------------------+------------------------------+
| 1. Identity of the issuer or the | Wren Extra Care Plc |
| underlying issuer of existing | |
| shares to which voting rights are | |
| attached: | |
+------------------------------------+------------------------------+

+----------------+----------------------------------------------+-------+
| 2 Reason for the notification (please tick the appropriate box or |
| boxes): |
+-----------------------------------------------------------------------+
| | X |
| An acquisition or disposal of voting rights | |
+---------------------------------------------------------------+-------+
| | |
| An acquisition or disposal of qualifying financial | |
| instruments which may result in the acquisition of shares | |
| already issued to which voting rights are attached | |
+---------------------------------------------------------------+-------+
| | |
| An acquisition or disposal of instruments with similar | |
| economic effect to qualifying financial instruments | |
+---------------------------------------------------------------+-------+
| | |
| An event changing the breakdown of voting rights | |
+---------------------------------------------------------------+-------+
| | | |
| Other (please | | |
| specify): | | |
+----------------+----------------------------------------------+-------+
| | | |
+----------------+----------------------------------------------+-------+

+------------------------------------+------------------------------+
| 3. Full name of person(s) subject | |
| to the notification obligation: | HSBC GLOBAL CUSTODY |
| | NOMINEE (UK) LTD |
| | |
+------------------------------------+------------------------------+
| 4. Full name of shareholder(s) (if | |
| different from 3.): | New Pistoia Income |
| | Settlement |
+------------------------------------+------------------------------+
| Income Settlement | |
| | 3 September 2010 |
+------------------------------------+------------------------------+
| 6. Date on which issuer notified: | |
| | 6 September 2010 |
+------------------------------------+------------------------------+
| 7. Threshold(s) that is/are | |
| crossed or reached: | Below 7 % |
| | |
+------------------------------------+------------------------------+

+---------------+-------------+-----------+-------------+-----------+----------+--------+----------+
| 8. Notified details: |
+--------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+--------------------------------------------------------------------------------------------------+
| Class/type | Situation | Resulting situation after the triggering |
| of | previous | transaction |
| shares | to the | |
| if possible | triggering | |
| using | transaction | |
| the ISIN | | |
| CODE | | |
+ +-------------------------+--------------------------------------------------------+
| | Number | Number | Number | Number of | % of voting |
| | of | of | of | voting | rights |
| | Shares | Voting | shares | rights | |
| | | Rights | | | |
+ + + +-------------+----------------------+-------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+---------------+-------------+-----------+-------------+-----------+----------+--------+----------+
| GB0031056459 | 6,758,778 | 6,758,778 | 3,300,000 | 3,300,000 | | 6.30% | |
+---------------+ + + + + + + +
| | | | | | | | |
+---------------+-------------+-----------+-------------+-----------+----------+--------+----------+

+---------------+------------+------------+---------------+-----------+
| B: Qualifying Financial Instruments |
+---------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+---------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | Number of | % of |
| financial | date | Conversion | voting | voting |
| instrument | | Period | rights that | rights |
| | | | may be | |
| | | | acquired if | |
| | | | the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+---------------+------------+------------+---------------+-----------+
| | | | | |
+---------------+------------+------------+---------------+-----------+

+------------+----------+------------+------------+-------------+------------+-------+
| C: Financial Instruments with similar economic effect to |
| Qualifying Financial Instruments |
+------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of | % of |
| financial | price | date | Conversion | voting | voting |
| instrument | | | period | rights | rights |
| | | | | instrument | |
| | | | | refers to | |
+------------+----------+------------+------------+-------------+--------------------+
| | | | | | Nominal |Delta |
| | | | | | | |
+ + + + + +------------+-------+
| | | | | | | |
+------------+----------+------------+------------+-------------+------------+-------+

+------------------------------------+------------------------------+
| Total (A+B+C) |
| |
+-------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |

(MORE TO FOLLOW) Dow Jones Newswires

08-09-10 1152GMT

+------------------------------------+------------------------------+
| 3,300,000 | 6.30% |
+------------------------------------+------------------------------+

+-----------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or |
| the |
| financial instruments are effectively held, if applicable: |
+-----------------------------------------------------------------------------+
| |
| |
+-----------------------------------------------------------------------------+

+------------------------------------+------------------------------+
| Proxy Voting: |
| |
+-------------------------------------------------------------------+
| 10. Name of the proxy holder: | |
| | |
+------------------------------------+------------------------------+
| 11. Number of voting rights proxy | |
| holder will cease to hold: | |
| | |
+------------------------------------+------------------------------+
| 12. Date on which proxy holder | |
| will cease to hold voting rights: | |
| | |
+------------------------------------+------------------------------+

+------------------------------------+------------------------------+
| 13. Additional information: | |
| | |
+------------------------------------+------------------------------+
| 14. Contact name: | |
| | HSBC Private Bank (Suisse) |
| | SA |
| | |
| | Fabia Schulthess |
| | |
+------------------------------------+------------------------------+
| 15. Contact telephone number: | |
| | 0041 58 705 3235 |
+------------------------------------+------------------------------+

This information is provided by RNS

The company news service from the London Stock Exchange

HOLUWVARRAAKRAR

(END) Dow Jones Newswires

08-09-10 1152GMT

[tara7] 08/9/2010 12:51

Thats why its valued at under a million.

[philjeans] 08/9/2010 12:49

Care with this one; last bal sheet showed big bank debt of £5M and LITTLE IN WAY OF REAL ASSETS - they have lots of potential with PP on lots of sites but few they actually own.

Clearly bank has said no more - can existing dirs/investors stump up again?

Very risky.

[pp78] 08/9/2010 12:40

Thank you tara


Hello Morrison, why do you believe this share will go nowhere and die in a few months? I think the whole property development market is taking a right kicking lately. An article in the telegraph a few days ago read "Housing market 'ground to halt' as number of new homes built 'fall to 1920 levels'"
I would like to hear your views if that's okay please.

[tara7] 08/9/2010 12:37

Looks like wins has run dry.

[tara7] 08/9/2010 12:30

In yesterday

[pp78] 08/9/2010 12:28

Are you invested tara or are you looking to?

[tara7] 08/9/2010 12:20

Have contact notes but not on the list for a day or two.

Take a look at what i have done with stocks just like this.

OPF, 9p to 80p plus divi, NTA 2p to todays £1.20.[infact Northacre was valued as bust just like here, now worth £30M.

Plus COM 4p to £9.50p over 10 years.

The above are all builders, so i do know what i am doing.

If a few go down it means nothing to me.

[waleriuszwatrobka] 08/9/2010 12:18

...tara's plenty of followers, so even if a few of them will buy in (s)he will make her cut ;-)