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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wallgate | WGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.625 | 0.625 |
| Top Posts |
|---|
Posted at 05/8/2005 14:13 by troutisout Argy,What so he would only be 90% down now. Old investors of Wigmore who bought at 3p would need to see £3 to break even. You don't seem to be able to work that out! rcktmn - 2 Aug'05 - 19:21 - 52 of 62 See some options have been exercised... someone's made some money on these at our expense ! I bought in at 3p in the old days.... and then bought somer more recently at under half today's price, but not anough to break even overal, still, should still go up lots from here>>> ARGY2 - 2 Aug'05 - 20:11 - 53 of 62 rcktmn Can't see that.At today's price you must surely be in profit overall. |
Posted at 28/7/2005 08:22 by sagem WIGMORE OR SHOULD I SAY SPEYMILL have new contracts and are doing extemely well..........My confidence in the company is paying off. It seems also that the doomsters that used to apply their lack of investor skills have done the vanishing trick...we can now get down to real investing..................... We have recently been awarded a number of exciting new contracts. They include the development of a new Premier Travel Inn and Brewers Fayre pub for Whitbread; an extension of an existing Premier Travel Inn; the development of a sports complex; a redevelopment of a large former country hotel to a private house and a significant extension of a Sleepwell Hotel, to incorporate a conference and banqueting suite and a leisure complex. |
Posted at 27/7/2005 17:01 by sagem SVERDLOV....I have been predicting for some time now that Wigmore is in recovery mode and although a consolidation has taken place today the share price has risen which is very good news and shows that confidence in the newly formed company is a real asset to all investors. Certainly no sign of dilution so I am confident that this company is well on the way to RECOVERY, but their are others on this bulletin board who think differently.....I for one take no notice of these doom and gloomsters, but you must make up your own mind as I do always. GOOD LUCK. |
Posted at 14/7/2005 08:14 by sagem knitcraft...you seem to think that all discussions re companies is RAMPING, all investors on this bulletin board are entitled to talk about possibilities as they see it with companies, we cant all be right....and what about BIG investors ...SO PLEASE JUST GIVE IT A REST MATE. |
Posted at 13/7/2005 21:22 by knitcraft SAGEMWhat has changed since you were spouting all the rubbish above, that should make anyone on here think, that you know what you are talking about now ? You are ramping this rubbish company with no facts known to you, just idle guess work, as you always have done. MAY BE one day you will be right, BUT that will only be down to luck, and certainly not based on any facts that you now know. You are a danger to small investors, and should run of and play with your school pals in the sun. ( or perhaps have some extra spelling and grammar lessons) |
Posted at 13/7/2005 21:04 by knitcraft SAGEM - 8 Apr'04 - 08:32 - 840 of 897They need the money to expand, this is a growth stock and will well reward investors. This is the time to invest in this company for future large gains. I just cant understand why some investors are selling, very short sighted policy and they will regret their decision. |
Posted at 09/7/2005 22:10 by sagem Well I never...I only report what I read and this is what is suggested........... |
Posted at 30/7/2004 00:58 by psmith64 BLADVOD:-1,823 sold 5,888,010 bought UP 23.7% I'm not complaining ;) Bladvod - if you really believe this share went up 23% today, i feel sorry for you, anyone who bought today at 0.28p, and there was a few fools that did, have bought into an instant loss, because tomorrow, next week, next month, they are not going to be able to get out for any more than 0.17p If they hadn't spent the 'profit' buying other companies the profit would still be there ! Bladvod - they havent bought the companies with profit, they have convinced mugs to part with cash to buy the companies - they really have made no profit in the last five years - read the accounts, if you can understand them And as for comparing Wigmore with Yoomedia, well, there is no comparison, just check out the credentials of the Yoomedia management on their website, and then compare it with Wigmore's management, let me See, Dr Sinclair built a company up from scratch in the USA and sold it off a few years later for $ 600 million, Peter Hewitt busted a maintenance company, re-called it FNPM - and never made a profit since,.............. Do your homework before posting in future, as people may get a false impression. It's late, and just thought I would visit this BB for a laugh before bedtime, and wasn't disapointed, no amount of trying to talk this share up is going to work, we need to see some action and results, and there is just nothing coming through, no RNS since March about new contracts, so what is everyone doing, no updated trading statement at the AGM, probably didn't want to frighten everyone, and like has been previously said, no masterplan disclosed to bring back investor confidence and increase in value for shareholders, so still a company lacking forward direction, with the same management in place that nearly brought the company to its knees, and then sorted out a refinancing plan that lost investors over 90%, with no real short term chance of recovering, because the amount of shares in issue has gone up fourfold, and is increasing on a weekly basis by issuing shares at a discount, so leading to even more losses for the original investors, the only people making money are EBG, at your expense. Also, you now have the likes of Global and Burnbrae sniffing round to see how they can make themselves some money out of this company, because if there is any gain to be had, they stand to make the most out of it, not the poor sods who invested at 5p - 3p, who are now never going to see a return on their hard earned cash, that was used to buy profitable good companies such as Blanchards, only to see them being devalued by being part of the loss making Wigmore Group, that ran out of money due to poor management that is still in place. Regards Paul |
Posted at 20/7/2004 23:20 by tiredoldbroker Blavod, I think you need to reassess what you describe as an Institution when you claim Institutions are buying WGT shares.As an old City hand (though I looked after private investors), I can tell you that an Institution is a big reputable multi-million (or nowadays, multi-billion) pound investor with a big investment portfolio. Someone like the Prudential, or Fidelity, or the Isis/F&C/Friends Provident group. What they usually have in common is that they are aggregating and managing money on behalf of a lot of small investors, whether as unit trust or investment trust managers or insurance companies with premiums to invest from folks who have bought their life policies etc. No such people are investing in WGT. An outfit like Global Investment Ltd is not an Institution. It's a nameplate for one man, Stephen Dean. If I invest through a company I might own in the Channel Islands, it isn't an Institution, it's me hiding behind a limited liability incorporation which only exists for my benefit and my tax planning. Even if I call my company Great Global Institutional Investors United Amalgamated Consolidated Corporation, it's not an Institution, it's me trying to sound big. Likewise, Burnbrae is not an Institution. It's a company owned by one businessman and exists for his benefit. Square Mile is not an institution, it's the private business of two wealthy businessmen. The latest name on the list, Guardian Capital Ventures Limited, is so far from being an Institution that if you search using its name on Google, it doesn't find a single reference. It's probably another front for just one person. Evolution Beeson Gregory is not buying shares in WGT because it's an investment institution, it's getting shares on the cheap in its role as a financier and position-taker , and flogging them on the next minute at a quick profit. As a market maker, EVBG is also in a privileged position where it can sell WGT shares which don't yet exist, taking a short position on their trading book, then convert a chunk of loan into shares which then get listed and which EVBG can deliver to close its short position. So all WGT's shareholders' register has to show right now is some individuals taking a punt. Some of them may be hoping to recoup their investment by getting work done by WGT for other companies they own at "helpful" prices. Others may be hoping to extract "management" fees for "advice". There are all sorts of reasons we don't know, but the fact is, none of them have suggested that they have a plan to help WGT shareholders recoup the 90% or more they've lost so far. |
Posted at 10/6/2004 13:36 by tiredoldbroker Dear Mr Watson Mitchell,Since you clearly don't understand why you should apologise for your role in the Wigmore debacle, I will try to explain it to you. Your website, and your personal publicity over the years, say that you have 40 years experience as a stockbroker, financial journalist and tipster. That "Few tipsters can match [your] knowledge about the world of AIM, OFEX and fully-listed small caps. And few have [your] extensive range of top City contacts established during almost 40 years of successful analysis and trading". You clearly like it to be thought that you are in constant touch with important City figures and the most capable analysts and pundits, and that you have unparallelled access to company directors, which private investors on their own can't achieve. So you have all this experience, and the most astute contacts. When you use those claims as your "unique selling point", you have to perform up to the expectations which you have chosen to raise. I don't think you have done that. Now, I don't expect this to mean that you never pick any losers. Nobody has a 100% track record. But it should mean that you have learned a few things over the years, know the questions to ask, and can pick over the dry bones of a Report & Accounts - and that, as a result, you should be able to identify anything shaky and quiz the company management about it. It's also clear that, from time to time, you've read the WGT Bulletin Boards, so you know that I, and others from time to time, have been critical of WGT. This wasn't a company which no-one had ever voiced criticisms of, and I can give you a list of things which I think should have raised serious doubts in your mind about the wisdom of recommending WGT: 1. WGT was associated with Artisan and Stephen Dean, and I think I'm right in saying that private investors have usually done badly over the last few years if they invested in any Stephen Dean satellite - you may dismiss this as "guilt by association", but in my days in the City, the pedigree of a company was something you thought carefully about. Why didn't it bother you ? 2. Speymill was bought from Artisan - and anyone who has been knocking around the City for a few years should have learned that, when businesses are shunted about between associated parties, it usually ends up costing the private investor a packet. It didn't work for long when Jim Slater tried doing it, and none of his imitators since have really done any better. This should have rung alarm bells. But you seemed to be totally unconcerned about it. Why, given your years of experience ? Weren't you aware that this can be a warning sign to investors ? 3. The WGT management had already put the FNPM business into liquidation once and transferred the assets to another WGT subsidiary - this "phoenix" procedure is generally frowned on, usually not done by reputable companies, and again, should have raised serious doubts in your mind. Why didn't it ? 4. Speymill apparently made less money under WGT's ownership than it had done prior to being acquired - but as a SQC Research note of December 2002 suggested, Speymill plus FNPM should have been 2+2=5 with the benefits of cross-selling services and eliminating overheads. You don't ever seem to have been worried that in fact, 2+2 made rather less than 0, or that overheads don't seem to have been chopped, or that any benefits arose from common ownership. You just blithely went on recommending the shares. Why ? 5. The WGT management kept on issuing vast amounts of shares, and got their friends at Artisan off a potential hook by reducing the conversion price of a loan note Artisan held. This was all against the interests of WGT shareholders, and caused massive dilution of the equity. This again, in City terms, is usually seem as a warning sign. You didn't seem at all concerned. Why not ? 6. Even on your (i.e. SQC's) forecasts of £600,000 pre tax, WGT was looking fully-priced in p/e terms below 3p, given the nature of the business and the low p/e's which the market usually assigns to such businesses, which have no long-term contracts and the possibility of turnover simply drying up. Yet you continued to recommend the stock, claiming to see substantial upside. Why ? What made you think that WGT could command a premium rating ? 7. Two Finance Directors in succession and the boss of Speymill left in a relatively short space of time. Even if the last FD really did leave on health grounds (and I'm assuming 'health' meant more than that every time he had to look at the management accounts he threw up and was getting an ulcer), haven't upheavals like this always been a very bad sign, and shouldn't someone who boasts of his years of experience have read this for what it was ? Shouldn't you be more alert to this sort of thing than the private investors who, when they pay for your tips, are relying on you to pick up on things like this, and warn them ? Yet you didn't seem worried. Why not ? 8. The briefest analysis of the last figures showed that, under WGT's ownership, Speymill had shown no growth in turnover. Shouldn't this have worried you, given that you were recommending WGT as a growth situation ? 9. Other people have posted on here that, at the time of the last results, they looked at the figures, did their sums and got out because they could see that banking arrangements looked exposed. I suspect that WGT has been on a financial tightrope, without proper long-term banking facilities, for quite some time - and maybe this was why they needed the Artisan loan note converted. But shouldn't your analysis of the figures have raised a question in your mind ? Shouldn't you have followed this up, and grilled the Chairman, given that you'd been recommending the stock ? 10. Finally, you made it clear that you were talking to Peter Hewitt of WGT, and I'll assume that, as an experienced City person, you were asking some testing questions, not just having a damn good lunch and writing down what he told you. So how come you didn't seem to pick up on just how shaky the finances were ? Did you ask ? Did they lie to you ? Or didn't they know what the situation was at their own company ? As you posted earlier on this thread, "That it had hassles with its finances is not my fault". I'll accept that. But you claim all this experience, all these contacts. You said you were talking to the Chairman. You were associated with a "research note" from SQC. You kept recommending the stock. Yet you appear to have failed to pick up on some major warning signs, and to have completely missed the fragile financial state of the company, in all your conversations and analysis. THAT is what your fault is. That is why you should apologise, in the fullest terms, to anyone who paid for your advice and followed it. Oh, and one last question. Did you, or SQC Research, or any website, or other business in which you personally have a financial interest, ever take a fee from Wigmore Group or any of its directors for writing a and recommending WGT ? |
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