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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wagon | LSE:WAGN | London | Ordinary Share | GB0009327056 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 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 | 1.25 | GBX |
Wagon (WAGN) Share Charts1 Year Wagon Chart |
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1 Month Wagon Chart |
Intraday Wagon Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/7/2010 | 12:45 | Wagon Charts and News | 1,102 |
| 11/11/2008 | 12:07 | Looking for that BARGAIN | 63 |
| 10/12/2007 | 13:42 | Wagon on the roll. | 4 |
| 21/11/2007 | 14:35 | WAGN Looking good | - |
| 01/12/2005 | 07:36 | WAGON - low P/E, 5% div, Growth and New Contracts | 189 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/5/2010 17:12 by knowing Just noticed a Corporate Action Rights Issue for WAGN today. Anyone heard anything? |
Posted at 09/12/2008 11:25 by killieboy Not WAGON's fault - We are not buying cars - and RBS (a bank to which we have ploughed in loadsamoney) are unwilling to finance WAGN. |
Posted at 26/11/2008 13:42 by hybrid07 Anyone noticed this ... !!??RNS Number : 9381I Wagon PLC 25 November 2008 25 November 2008 Wagon plc Preference share dividend and Interim Results Wagon plc ("the Company" or the "Group"), the European automotive components group, makes the following announcement in respect of its 7.25% (net) Preference Shares, and its Interim Results for the six-month period ended 30 September 2008. On 13 October 2008, the Board announced that it was involved in constructive ongoing discussions with its lending banks and principal shareholder (being the WLR Funds*) to address a capacity shortfall in the Group's invoice discounting facility. These discussions continue to be pursued. However, in light of the current financial situation of the Company and increasingly difficult trading conditions across the Group's markets, the Board has resolved not to pay the second tranche of the fixed cumulative preferential dividend relating to the Preference Shares in respect of the financial year ended 31 March 2008. The Board will consider the payment of the dividend relating to the Preference Shares once the outcome for the year ending 31 March 2009 is known. Trading in the Preference Shares on the Official List and in the Ordinary Shares on AIM remains suspended pending the outcome of the Group's funding discussions. The Board also announces that it is delaying the publication of the Group's Interim Results for the six-month period ended 30 September 2008 until the outcome of its ongoing discussions with its lending banks and principal shareholder are concluded. A further announcement concerning the timing of the publication of these results will be made in due course. |
Posted at 09/10/2008 13:04 by exile At this price I think it is definately worth a punt..I have punted it! albeit at higher than present share price but well below the RI price..fingers crossed. |
Posted at 08/10/2008 11:32 by deanroberthunt exile...don't look at the share price, look at the fully diluted MCAP...£16.5m |
Posted at 27/7/2008 13:53 by time to share KWTraderFirstly, the reason for the rights issue is.... Secondly, i dont know what will happen after Wednesday, but i sold half of mine on Friday, 25,000 @ 3.99p.I didnt want to sell them all. The reason i sold half was like a kind of hedge.I can buy them back via the rights @ 4p (making a small loss) or get more via the market IF the price drops below 3.5p as it did the other week.I have set aside a certain amount of funds for WAGN and will get more for sure, whether its via the market or the rights depends on the shareprice between now and Wednesday 30th at 9:00am(the cut off point when i must let my broker know how many i want from the 500,000 options i have.) There have been quite a few shares in this market doing R.I.`s and cash calls so not all will get good take ups but ours is underwritten which means WAGN will get their £49m but the shares in issue will multiply by ten from the 116m there are in issue at the moment.Thats the pill we shareholders have to swallow I was in a share, SMG, when they did a 2 for 1 rights issue late last year.When they announced the R.I., the share price at the time was about 30p, the rights were at 15p and the share price dropped below rights price before the record date (a bit like here) and i bought on the market cheaper than the rights. I think the take up was about 60%. BUT each company will have different circumstances for their cash calls, So should you take up the rights? Its your money, your choice. Good luck in your desicion. |
Posted at 16/7/2008 10:12 by davius WAG quoted 0.01-0.1p this morning. If the WAGN share price were to move above 4p (now 3.25-3.9p) then they'd rocket of course, but it doesn't look likely to happen, at least until 'nil paid' become 'full paid'. |
Posted at 30/6/2008 18:42 by hybrid07 Wagon to brush aside protest by investors over its rights issueBy Michael Kavanagh Published: June 30 2008 03:00 | Last updated: June 30 2008 03:00 Wagon is expected to sweep aside criticism from small retail investors at its annual meeting today over its 10-for-one rights issue and to push ahead with its refinancing plan. The car parts maker has seen its share price fall from 263p to less than 4p over two years. The rights issue announcement on June 4 prompted a fall that day from 14½p to 6p. Wilbur Ross, the US leveraged buy-out specialist dubbed the King of Bankruptcy, is underwriting the issue, priced at 4p. Mr Ross holds 15 per cent of Wagon's stock. The company, which supplies components for Ford, Peugeot, Citroen, Renault, Fiat, Audi and Mercedes Benz, has also attracted the interest of Philip Falcone, the US hedge fund manager nicknamed Midas of Misery, who has a 10 per cent stake through Harbinger Capital Partners. Another US hedge fund, Contrarian Capital Managment, also has 15 per cent of Wagon. Wagon needs the £49m of new equity from the rights issue to provide capital to back contract wins with Honeywell, Porsche and Iveco, the truck group. News of the rights issue coincided with results that saw pre-tax losses fall from £99m to £1.9m in the year to March following new contract wins. However, financing costs rose from £11m to £13.3m as net debt rose to £107m. The company has renegotiated 155m (£122m) of banking facilities. Adrian Howard-Jones, a long-term investor in Wagon, has criticised the company for, in effect, forcing a dilution of smaller shareholders' interests. He says the 10-for-one ratio goes far beyond the norm. With his stock worth £1,400, he needs to spend a further £14,000 to maintain his stake. Simon Pepper, another investor in Wagon, said: "Smaller investors appear to have been disadvantaged. For institutional investors to take up the rights is small beans. But small investors appear to be poorly treated." Nevertheless, Mr Pepper, who recently bought 250,000 Wagon shares at 14½p, doubled his holding on Friday when the shares fell below 4p, in the hope of a long-term recovery in Wagon shares. Mr Howard-Jones has taken his complaints to the Financial Services Authority and the UK Listings Authority. The rights issue, handled by Hoare Govett, required the approval of the Takeover Panel as it could leave Mr Ross's companies with majority control of Wagon. Wagon said this weekend: "We understand the frustrations held by shareholders concerning the value of shares to date. But it's absolutely the right way forward for the company." It said the issue would end the uncertainty over the company's finances, which was the reason for the falling share price. Copyright The Financial Times Limited 2008 |
Posted at 29/6/2008 20:40 by hybrid07 Probably will be a poor take up. However, I assume the issue price was set deliberately low, therefore share price should rebound above 4p. AGM tomorrow. Hopefully investors will be reassured by that they hear. The market tends to be spooked by this kind of thing and I am assuming that share price will rise after it is all over. |
Posted at 15/6/2008 12:07 by hybrid07 There is a good discussion on iii (but annoyingly I can't post there because I only registered yesterday)My interpretation of main points 1. The very large RI at a low price has had the effect of collapsing the share price to close to the issue price of 4p. This is unfair on small investors who may not have the cash to take up the issue, and have therefore lost most of their investment. 2. The RI had to be at a low price, or it might have failed. 3. There is a lot of hostility to RI. But we have known this is a very risky investment for some time. Now share price is close to the issue price. Therefore the market is saying that the company is worth roughly the cash that the RI will raise i.e. it's worth nothing without the RI. 4. This RI has been approved by the financial authorities. It may be the best deal that shareholders - large or small - can get. 5. Logically, if shareholders could afford to take up their rights the RI would be neutral in an efficient market. 6. The market may be over-reacting with this low share price This would not matter if shareholders took up their rights because after the issue share price would rebound. 7. Since shareholders will miss out if they do not take up rights, the implication is that new investors who buy the shares cheap now and DO take up rights will do well. 8. Maybe shareholders who bought at higher prices will do OK if they take up say 1/10th of their rights 9. Can't see the point in voting "No" at shareholders meeting. |
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