Wallgate Share Discussion Threads

[cwem] 08/8/2005 12:21

New ticker for Speymill, formerly Wigmore, is SYG

[argy2] 07/8/2005 16:02

£1 billion........lol

[cwem] 07/8/2005 00:19

Starsiva6 - I think that the 3.3 billion shares in WGT you referred to earlier was the number of shares before the recent 1 for 100 consolidation. That means that there are now around 33 million shares which, at Friday's mid-price of 36.5 pence, gives a market cap of £12 million for wigmore/Speymill Group,or probably a bit more if you add in the recent equity issues.

Oneforthemoney - sorry i didn't reply before, been on internet-free holiday. I asssume that the name change will come in soon, given wigmores press release on Friday. Checked with my broker about the new ticker - no news yet but they assured me that as soon as they knew, they'd e-mail me. Until then, WGT seems to work, but not on the Motley Fool site.

Anyone - I'd be interested in who the major share holders are in Wigmore / Speymill. Any info much appreciated, thanks.

[argy2] 06/8/2005 19:47

I thought "Hell hath no fury like a woman scorned"

[4johnb] 05/8/2005 23:43

I keep seeing all these references to the previous performance of WGT. People should realise that this is a totally new company. Just read the announcements and you will note that the whole board has changed and the business itself looks as if it will soon bear no resemblance to the previous regime. I am not saying the shares are a buy at this price, after such a great run, but I also think its a bit short sighted to continue to be negative because of the past performance of a management team that is long gone. I think that the only way to figure this one out is to follow the news carefully, and judge only on the results, not on speculation. Till they publish their next results, or announce a tangible deal to follow up the latest German real estate management deal, we should all be cautious

[sagem] 05/8/2005 20:37

I note that this company is now involved in the German property market. They certainly know where to go to get the best investment as the German property market is at its lowest and can now only rise in value. Has nobody realised this yet and what a good investment to have a holding in the newly formed company now called SPYMILL.The share price is rising almost daily AND SLOW BUT SURE OUR LOST MONEY IS RETURNING. Am I glad I did not sell like so many others who had no confidence in the company. IT COULD HAVE GONE BUST AND ALL MONEY WOULD HAVE BEEN LOST.
In Germany the only major property market not to have seen any rise in prices in the last decade, there are some signs that prices are beginning to move in the right direction...articles are appearing about Polish people going across to Germany to buy up property there because its so cheap .....THATS GOT TO TELL YOU SOMETHING ( like Speymill seem to know exactly what they are doing and why they are doing it) SEE BELOW.........

It is our intention to establish a fund management business, focussed to begin
with, on property. To this end Speymill Property Managers Limited has been
incorporated in the Isle of Man.



As a first step, we announce today Heads of Agreement for the incorporation of a
new joint venture with a German company for the management of a portfolio of
properties (initially over 900 apartments) in Berlin. The majority of the
properties are owned by our major shareholder, Burnbrae, with the balance coming
from our German partner.



Plans are already advanced to take advantage of substantial Funds which are
being organised to invest in German properties particularly in Berlin. The joint
venture we are announcing today will be well placed to participate in that
process.



The joint venture company we are planning is to be called GOAL Services Gmbh.
Ownership of GOAL will be divided in the ratio of 51% to Speymill and 49% to
LAGO Services, which is controlled by Herr Florian Lanz, who is based in Berlin.
LAGO is an existing German property management business with in depth knowledge
of the German construction market and a wide range of property contacts

[argy2] 05/8/2005 13:37

Irony seems a bit lost on this thread.

[troutisout] 05/8/2005 13:13

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.

[argy2] 05/8/2005 13:08

starsiva6

IF only you had held on to your shares!

[starsiva6] 05/8/2005 12:25

30/09/2004 13:03 AFXF Wigmore H1 losses more than double after 'extremely difficult trading' UPDATE LSE:WGT Wigmore Group(The)
30/09/2004 12:44 AFXF Wigmore H1 losses more than double after 'extremely difficult trading' LSE:WGT Wigmore Group(Th

ADVFN Records as at 05/08/2005

Market Cap. 1,085 m
Shares In Issue 3,101 m
Prev Close. 35.00 p
PE Ratio -


Don't get involved in this. Because I know how much It hurts when you loose all your money.

[argy2] 05/8/2005 11:11

starsiva5..............Are you sure about the number of shares in issue?

[gazza5] 05/8/2005 06:51

well, there is risk but now management seem to be sorting things out, I am up 40% so far and will hold to see how it goes.

Luck to all.

[tamaybroke] 04/8/2005 12:25

Just looking at the risk grade on this one,it has the highest risk figure in it's sector.Christ you would need to have some inside information on this one or have no value for money to invest in this company.

[argy2] 02/8/2005 19:11

rcktmn

Can't see that.At today's price you must surely be in profit overall.

[rcktmn] 02/8/2005 18:21

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>>>

[gazza5] 29/7/2005 10:04

This is on the move again folks.

[4johnb] 28/7/2005 09:11

the key thing to note in the announcement is the move into fund and property management - and the intial deal in Germany. This is the real news, in my view. The increase in contracts is great, but the lift off in the price will happen as the company transforms itself into areas where the new team has expertise and track record. People like Howard Flight and Ilyas Khan don't become non exec directors on businesses about to collapse in a heap.