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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wyatt Group | LSE:WYT | London | Ordinary Share | GB0030320112 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/8/2008 12:24 | However, I am very pleased to announce that the Group was still able to make a profit on continuing activities before taxation of £415,026 (£410,923 - 2007). This was on turnover from continuing activities of £2,249,136 (£1,810,775 - 2007). Worth 30p on p/e of 10. | treacle28 | |
01/8/2008 12:23 | Excellent Results. Put a buy order for 100,000. | treacle28 | |
01/8/2008 12:22 | Wyatt Final Results RNS Number : 4410A Wyatt Group PLC 01 August 2008 WYATT GROUP PLC PRELIMINARY RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2008 CHAIRMAN'S STATEMENT This has been a year of significant change for the Group. We have seen a move away from the original strategy and the transition has not been without its challenges. However, I am very pleased to announce that the Group was still able to make a profit on continuing activities before taxation of £415,026 (£410,923 - 2007). This was on turnover from continuing activities of £2,249,136 (£1,810,775 - 2007). Discontinued Activities We have finally divested all interest in Risksmart. Despite many years of hard work and some significant investment, the business failed to hit the targets that were set. It was not helped by continuing delays in legislation however it was considered that it was in the best interests of Wyatt Group and its shareholders if Risksmart continued its activities outside the Group. Similarly there have been difficulties in the Group's drug testing operation, Wyatt Biotech. We announced on 28th September that this business is now being run as a joint venture and that we have drawn a line under our investment. Since then there have been some signs of progress with the production issue, however this has been incredibly slow, with a number of deadlines still not being met. This vindicates our decision to remove this from our core business. Continuing Activities Our employment consultancy and support business Premier Employer Solutions Limited ('PES') represents our primary trading subsidiary, the other being the newly acquired Health and Safety Department Limited. PES has enjoyed a period of significant success and is solely responsible for the Group's turnaround. The business was hit by a change in tax legislation at the end of 2007 which will have a significant adverse affect on Group's trading in the current year. However, the management is busy building up the core business and have some exciting things in the pipeline. We remain confident that the long term prospects for PES are positive despite the current challenging economic climate. Next Steps In December of last year I announced that the Group's strategy was to build the future around the success of PES and to look for opportunities for growth in the employment services and other service sectors. We have now successfully disposed of the non performing businesses and have some exciting opportunities in prospect. The employment services market is very fragmented and we believe that there is a tremendous opportunity for growth in this sector. I am therefore delighted to announce the acquisition of the employee benefits consultancy, TEBC Limited. The business fits in neatly with the PES existing service offering. It is a profitable business with a strong management team and a healthy client list. With scope for development it neatly fits the criteria that we set for our acquisition targets and represents' our first step toward our commitment to growth in this area. We are committed to building the Group and are also looking at opportunities in the wider service sector where, in the opinion of the Board, there are synergies with our core business. I look forward to bringing you news on this in the future. R HOLT Chairman 31 July 2008 | treacle28 | |
01/8/2008 11:13 | Like I said in post 454 "Cancer6 wants to get out before the company announcement" - I reckon his/her £500 position got cut at a loss while he/she was still trying to ramp it up - which we've seen happen before. Meanwhile look at the WYT numbers and staement: the only ongoing business "was hit by a change in tax legislation at the end of 2007 which will have a significant adverse affect on Group's trading in the current year". The balance sheet looks like Dresden 1945 - current assets £660,000 swamped by current liabilities £1.56m; total assets of £1.985m include intangibles of £1.2m but even so are submerged by total liabilities £2.5m; the group's net liabilities of £526,000 plus intangibles give a 'total black hole' of £1.75m. And this is what Cancer6 was trying to ramp up to 20p, where the market value would've been £3m. He/she lives in a fantasy world, get sucked into it at your peril ! | tiredoldbroker | |
01/8/2008 10:39 | chancer.........chan WHERE ART THOU!!!!!!!!!!! | seanmiller | |
01/8/2008 10:10 | Results just out;-) | charmer1_23 | |
29/7/2008 20:13 | Well poised to start rising heavily tomorrow or on Thursday once finals are out imo. | chancer6 | |
29/7/2008 18:44 | So what if they can turn over £3m, that doesn't mean the mkt cap should also be £3m, there's no logical relationship between t/over and mkt cap - just Cancer6's ramping. Also, the one remaining buiness may be profitable at the operational level but it's perfectly likely that - even excluding losses from all the discontinued businesses - this won't be enough to cover central costs & listing costs, and WYT will be lossmaking at the pre-tax level. Whereas as I've suggested, you could find a whole list of profitable £3m mkt cap companies, even dividend payers, if you spent 10 minutes looking, and most of them would have much stronger balance sheets than WYT. Don't be taken in by Cancer6, the deathwatch beetle of share tipping. | tiredoldbroker | |
29/7/2008 12:00 | Finals out by Thursday which again should show an increase in turnover to minimum 3.10m and profits on continued operations as already stated. Current mkt cap only 0.60m and imo with 14m shares in issue a fair valuation is around 20p (2.80m mkt cap). | chancer6 | |
29/7/2008 11:58 | On what basis, chancer? | teh knight of no | |
29/7/2008 11:57 | Around 15-20p imo by end of the week. | chancer6 | |
29/7/2008 10:54 | Interesting, gone blue on no buys...4.00-6.00p, L2 is 2 v 2. | chancer6 | |
29/7/2008 10:41 | Looks like 4.50p to buy...dead cheap imo..anyone got online quotes? | chancer6 | |
29/7/2008 08:44 | 4.00-5.50p, L2 is 1 v 1. IMO one decent buy and it'll go blue. Finals tomorrow or on Thursday. | chancer6 | |
28/7/2008 15:33 | Positive imo that 76K in sells easily taken at 4p today. Would have paid less than the bid price a few wks ago. | chancer6 | |
28/7/2008 12:56 | Looks like some available at 5p again. | chancer6 | |
28/7/2008 11:26 | Very good that 50K was easily taken at 4p. Must be about 5.60p for 25K. | chancer6 | |
28/7/2008 11:18 | 3 good size buys since Friday now and momentum building. | chancer6 | |
28/7/2008 11:02 | They put the price up now, and you cannot buy more than 15,000 MARKETMASTER 401/68xxxxxx8/7x MR SEAN MILLER the market is open Buy 15000 WYATT GROUP ORD GBP0.01 @ 6.00p Quote Held: Barclays Stockbrokers Price Improver®: You save £0.00 on this order. Order Details Order Costs Number of Shares 15000 Consideration £900.00 Amount £900.00 Stamp Duty / SDRT £4.50 Include Charges n/a PTM £0.00 Buy Price 6.00p Commission £6.95 Contract Total £911.45 | seanmiller | |
28/7/2008 10:54 | Another 25K buy but at 5.45p. | chancer6 | |
28/7/2008 10:42 | Buy some then !!! | seanmiller | |
28/7/2008 10:36 | IMO some blue on the next buy. | chancer6 | |
28/7/2008 10:13 | that was me lol | seanmiller |
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