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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wagon | WAGN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.25 | 1.25 |
| 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 10/10/2008 19:47 by coolen There's no urgency for Mr Ross to deal with the Ords. By waiting, he'll be free under Takeover rules to bid less than 4p for the minorities.I mentioned the Pref earlier because this is a more pressing matter for Mr Ross. He must decide shortly whether to finance that lumpy dividend or see the non-voting Prefs get enfranchised. That dividend cheque may prove to be the litmus paper of Wagon's present health and/or Ross's desire to look after shareholders generally. |
Posted at 08/10/2008 21:37 by coolen Has anyone noticed that whilst the Ordinary shares have moved down to AIM, Wagon's Preference shares have remained with a Full Listing ?The Pref price of 35p signals a 20% yield and, thus, implies that Wagon will defer the December half-year dividend. If there's no divi, Pref holders get a full vote. This would take Wagon back to Square One with a Fully Listed class of capital with Full voting rights. What have I missed, please ? |
Posted at 03/10/2008 13:44 by run rabbit Well at least buyers are coming in at the 50% discount level and honestly cannot blame them as WAGN does have good finances now. |
Posted at 10/9/2008 22:34 by hybrid07 Are we stuck here? Or is it just that everyone is waiting to see if the market is going to collapse this month We are holding up quite well compared to the market (Favourite investments: JRVS, WAGN, BLR) |
Posted at 19/8/2008 14:58 by hybrid07 WL Ross & W. P. Carey Provide $128 Million in New Capital to Wagon plcMarketwire August 19, 2008: 09:15 AM EST Investment firms WL Ross & Co. LLC and W. P. Carey & Co. LLC (NYSE: WPC) have completed their respective investments in European automotive supplier Wagon plc. WL Ross contributed approximately $70 million of new capital via a special rights offering of Wagon common shares, while two of W. P. Carey's publicly held non-traded REITs, CPA®:15 and CPA®:17 - Global, provided approximately $58 million via a sale-leaseback of Wagon's manufacturing sites in Waldaschaff and Nagold, Germany. "The new capital from WL Ross and W. P. Carey comes at an ideal time," said Richard Cotton, Chief Financial Officer of Wagon. "It enables us to fund our growth initiatives, support the company's recent contract wins with IVECO and Porsche, and repay existing debt facilities." Founded in 1918 as a railway wagon repair business, Wagon now focuses on the design, engineering and manufacture of vehicle body structures and closure systems and is one of the leading European suppliers to the automotive industry. Its top customers include Peugeot, Renault, Daimler, and Volkswagen. Listed on the London Stock Exchange (LSE: WAGN), Wagon employs 6,500 people across 22 plants in 10 countries. "We are delighted to support a portfolio company backed by Wilbur Ross," said Jeffrey Lefleur, Director of W. P. Carey. "Furthermore, with this transaction closed, we've provided more than $150 million in sale-leaseback financing in Europe in the last two months, once again affirming our position as a leading source of alternative long-term finance." W. P. Carey also committed to providing an additional $10.5 million of financing to meet Wagon's specific manufacturing expansion plans. Noted billionaire investor Wilbur Ross, who will see his firm's position in Wagon increase from 15% to well over 75%, commented, "We were supportive of the sale-leaseback with W. P. Carey as an alternative method of raising capital and enhancing Wagon's long-term value." Mr. Ross also has created International Auto Components Group, a leading global supplier of automotive components and systems formed from the former interiors divisions of Lear and Collins & Aikman and by the acquisition of Plascar in Brazil and MBK in Japan. W. P. Carey & Co. LLC W. P. Carey & Co. LLC provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth more than $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms release capital tied up in real estate assets. Now in our 35th year, the W. P. Carey Group's real estate holdings are highly diversified, comprised of more than 850 commercial and industrial assets spanning 28 industries and 14 countries. www.wpcarey.com COMPANY CONTACT: Kristina McMenamin W. P. Carey & Co. LLC 212-492-8995 Email Contact PRESS CONTACT: Guy Lawrence Ross & Lawrence 212-308-3333 Email Contact |
Posted at 18/8/2008 12:00 by zastas I sincerely hope so. I do think you were a little optimistic in declaring the potential of it becoming a ten-bagger. There are now 11 times as many shares. If the recent glory can be restored, a 20 pence would be all we could reasonably expect. Still, that would be a five-bagger: not bad.I still haven't tried whether I can place WAGN orders directly on the LSE order book. But given the size of the company, it should be a SetsMM stock and I should be. Such a shame that I cannot with WAGA. The spread remains as wide as ever. Recently the MM took a few at 39. If I could, I'd set my bid next to our MM friends' bid; it would save me a almost 15%! Anyone interested in selling some WAGA to me directly? |
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. |
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