Wallgate Share Discussion Threads

[blavod extreme bes] 21/7/2004 18:44

Also going through each years figures it would seem that WGT had good growth from 2001 to 2003 so why do you think that this is not just a blip ?
Yes they made a loss each year but turnover grew and loss was reduced each of those three years which is a good thing to be getting on with on the road to making a profit.

Turnover
2000 3.85 100%
2001 0.94 100%
2002 13.61 100%
2003 22.23 100%

Pre Tax Profit
2000 -1.22 -31.65%
2001 -0.58 -62.25%
2002 -0.76 -5.61%
2003 -0.30 -1.36%

[blavod extreme bes] 21/7/2004 18:24

Again some very good replies to my last post especially these two, thanks :)

psmith64 - 20 Jul'04 - 21:05 - 815 of 833
tiredoldbroker - 20 Jul'04 - 23:20 - 822 of 833

So, next question ..

If there is a buyer looking to takeover WGT and it's not Stephen Dean (hence his staying below 30% because he knows the person looking to do the buyout) then what will the offer price be ?

.25p
.5p
.75p
1p

??????????

Cheers


P.S. If anyone thinks I am here to ramp they are wrong, I bought 355300 as a gamble, and if I get .0054p I will be in profit and very happy, and anything above that is a bonus, and if I lose the lot then it's no big deal ;)

[psmith64] 21/7/2004 17:39

Burnbrae and Jim Mellon - they do like a gamble:-

check out betinternet.com plc ( they own 20.1% of this company )

And looking at the share price, even Jim Mellon can get it wrong with all his investment experience????

Take a look at the last interim announcement - in the words of the Chariman, very disappointing.

Take a look at the share price of this one over the last 10 months, well over a 100% decline

May be a familliar tone when Mr Mellon sees the interim statement from what he has just bought in to.

Like I said before, don't place all your hopes on this one going anywhere just because of large investors.

Base your investment decision on fact, there is enough of it out there, just take a look at the company accounts for the last five years, that should be enough to frighten anyone off.

SAGEM - still waiting for you to come back with your info, where have you gone, or can't you find anything hard and factual to post.

Regards

Paul

[psmith64] 21/7/2004 14:57

Nissi beach, I too tried a dummy sale, but was only offered 0.175p, still a loss of over 28% on last weeks purchase price.

Nissi, if you are in big time, then I would recommend you get out now, because I will be very surprised to see you getting 0.175p still next week, the only way now, is down.

Rest assured, the fact that Global Investments have bought up a lot of shares, is not for the long term future of the Wigmore Group, or its shareholders, I have been told things that I will not disclose on this board because it will implicate others, notice how such an investment has not made the price go up !!!!!!!!!, infact since its happened, the price has driven even lower.

Nobody can't say they have not been warned, everybody appears to be buying on no concrete information, there have been no positive RNS statements since the suspension, does anyone know what is going on inside FNPM, Speymills or Blanchards ????, the bit of factual information that I have shared on this board, along with other information that I haven't regarding Blanchards, is enough for me to make a decision that buying into this share, is no better at the moment that putting a bet on a 500/1 outsider, because that is the the odds I would put on this one coming good.

That all said, if anyone has any positive information as to whether the current board will still be in place after the AGM, then that is the only thing that would possibly make me review my feelings on this one, but it would appear that it is the current board that has driven the current investment from Burnbrae, to maybe fend off some kind of hostile bid from Global Investments, as it would appear from the RNS released their purchase was not forwarned.

How have this current board managed to stay in place, when they have lost all you investors over 90% in the last couple of months, and have never been able to make Wigmore profitable, and are now, currently making lots of other people money, at your detriment, it really beats me, and don't even have the confidence to pile money in themselves.

Regards

Paul

[tonytaxi] 21/7/2004 13:26

I repeat i spoke to PH 3 weeks ago.AFTER WHICH I SOLD.
Peter Hewitt answered some of my questions,unsatisfactorily i might add.For example i put it to him that if we accepted the fact that something had happened to cause the crisis,that he did not know about, what was he going to do about it and if we accepted the need to dilute and borrow at such poor terms,how did he intend to cut costs and increase profitability.All i can say is that his answers were not what anyone with any business sense wants to hear.
I promissed to have the conversation in confidence,and i will stick to that promiss,but i repeat i sold after the conversation.His words to me will remain confidential.
Could be referring to the "knowledge" PSSMITH is talking about.

[lom2] 21/7/2004 13:01

psmith

check again , it is 0.01p

The termination agreement with Square Mile

In consideration for entering into the termination agreement, Square Mile will
be granted 200 million warrants to subscribe for ordinary shares at 0.01 pence
per share

[nissi beach] 21/7/2004 12:51

tried a dummy sell and they want my 1000K

something afoot paul

[psmith64] 21/7/2004 12:41

Both sells today 0.17p - this should start to sound the alarm bells, down from an acheivable 0.22p last week, yes, those of you that bought last week are locked into a 29% loss already, and this will only get worse, especially when I post further information that I have been told, and will make public soon, when I have sought legal advice to ensure that I can do so.

These people have to have a stop put to their peddling of shares, that are not worth the paper they are written on, surely, people are now starting to see through them !!!!!!!!!!!

Just remember one thing, your board of directors own less than 1% of the entire share capital, and have less than £ 10,000 invested at the current price, I do not apologise for repeating what I have already posted, WHY ARE THEY NOT BUYING, somebody ring Peter Hewitt up and ask him, afterall, he had always made clear the fact that he is on the end of the line waiting for your questions.

If they are not buying, that should at this moment in time sound big alarm bells, even with pocket money you can buy 100,000 thousand shares, for there to be any confidence instilled in this business now, the people that run it need to own 30% at this moment in time.

Regards

Paul

[psmith64] 21/7/2004 12:29

TAMAYBROKE - thanks for your high regard, that is exactly the reasons for these postings, Wigmore has stung enough small investors, and somebody has to make sure information that is fact is given to investors through this type of medium.

There is something else I will be posting very soon, when I have all my facts in place, but again, it is knowledge that I have now, that even makes me think the £ 100.00 I gambled last week, is now a no hoper.

Regards

Paul

[tamaybroke] 21/7/2004 00:19

Tired one:I have to say thats one of the best posts ive read on this thread,appreciate you sharing your City experience.
P.S:Anyone considering investing in this company should take posts from PSmith64 and tiredoldbroker as fact and take them very seriously,as i believe their reasons for posting are not for personal gain but to warn of other RAMPERS on this thread who are posting for selfish reasons.

TAMAYBROKE.

[tiredoldbroker] 20/7/2004 23:20

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.

[psmith64] 20/7/2004 22:48

Yes Tamybroke - now that is the pot calling the kettle black, well spotted.

Regards

Paul

[psmith64] 20/7/2004 22:40

Maryquant - I think 0.01p is the par value of the redesignated shares(remember for every old 1p share, these got coverted to one deferred share of 0.99p + 1 redesignated share of 0.01p) that they agreed to convert at 0.10p per share in the refinacing agreement, so i think they do actually have pay 0.10 p

Regards

Paul

[tamaybroke] 20/7/2004 22:31

Psmith does this situation look familiar or what:just came across it by chance.
On the epic IDN,Routeing for success in 2004
LOK8 - 8 July 04 - 23:12 - 4290 of 4321
And SAGEMS response
SAGEM - 9 July 04 - 8:16 - 4292 of 4321

[maryquant] 20/7/2004 22:08

Evolution Beeson Gregory gets 100,000,000 shares at just 0.01p each

Square Mile get 45,000,000 shares at 0.01p also

Evolution Beeson Gregory gets 100,000,000 shares at just 0.01p each

Square Mile get 45,000,000 shares at 0.01p also

Evolution Beeson Gregory gets 100,000,000 shares at just 0.01p each

Square Mile get 45,000,000 shares at 0.01p also


YES - the decimal place is in the right place 0.01p, compared to a market price of 0.22p.


(psmith you mean 0.01p!)

Bye bye!

0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p
0.01p new shares
yes 0.01p

[psmith64] 20/7/2004 21:22

EVO - are also not listed today as having a notifyable interest, therefore they must have sold the rest to the market.

SO Bladvod - these institutions are using their loan notes to make a quick buck, not as a long term investment.

If the shares were that good, heading towards 2p as you suggest, wouldn't they have kept them.

Also, as I have said before, your board of directors currently hold less than 1% of the issued share capital, why are they not buying in large quantity ??????, answer me that one.

Your posts would be better in a skate board park, where they need lots of ramps !!!!!!!!, just tell me how on earth you could even think the shares could be worth 2p, that would value the company at over £ 60 million, pipe dreams, Bladvod, based on hope, not fact, post us your facts, not fiction

Regards

Paul

[psmith64] 20/7/2004 21:11

There you go Bladvod - these are the conversion shares I was referring to:-

RNS Number:5932A Wigmore Group (The) PLC 07 July 2004


The Wigmore Group plc
(the "Company")
Conversion of Loan Notes and Additional Listing


The Company has received a notice of conversion, in accordance with the Loan Note Instrument dated 4 June 2004 between Evolution Beeson Gregory Limited and the Company, to convert #50,000 into 50,000,000 fully paid ordinary shares of the Company.

The Company will make application for the 50,000,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 13 July 2004.

RNS Number:7074A Wigmore Group (The) PLC 09 July 2004


The Wigmore Group plc
(the "Company")
Conversion of Loan Notes and Additional Listing


The Company has received a notice of conversion, in accordance with the Loan Note Instrument dated 4 June 2004 between Evolution Beeson Gregory Limited and the Company, to convert #150,000 into 150,000,000 fully paid ordinary shares of the Company.

The Company will make application for the 150,000,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on 14 July 2004.

And, here comes the sale I was referring to:-

RNS Number:7560A Wigmore Group (The) PLC 12 July 2004


The Wigmore Group plc
("the Company")
Holding in Company


The Company has been informed today that Global Investments Limited has purchased 125,000,000 ordinary shares in the Company. Following the recent conversion of loan notes in the Company by Evolution Beeson Gregory Limited into 200,000,000 new ordinary shares,Global Investments Limited's holding of 125,000,000 ordinary shares represents approximately 28.95% of the enlarged issued share capital of the Company.

Regards

Paul

[psmith64] 20/7/2004 21:05

BLADVOD- my guess is that EVO is converting asap as they know their days of obtaining a good profit are numbered, Maybe Global Investments have put another order in !!!!!!!!!!!!!!

This is another conversion, the ones I referred to as being sold, were subject of a previuos RNS where the majority were sold to Global Investments at 200% profit, who we believe are led by Stephen Dean, in what looks like an attempt to topple Peter Hewitt and his managemnt.

Square Mile are sensible to take up their 45 million rights at 0.10p, that they were granted as part of their termination agreement, as they are probably hoping they can offload them like EVO at 100% + profit, maybe to Global Investments as well, not bad for a few days investment, nice if you can get it, just unfortunate most of you investors will never recover your 90% you have lost.

Anyway, like I said, all will come out in the wash, and am glad I only have £ 100.00 invested at the moment, as I am fast realising my 500/1 bet has now probably gone out to 1000/1, oh well, such is life.

Regards

Paul

[blavod extreme bes] 20/7/2004 18:30

Some interesting posts in reply to my last one, thanks.
Maybe you can all now mull over another RNS showing EBG have not even recieved their 100,000,000 let alone sold them as they don't even get listed until 26th July :))))
Also Square Mile Limited have accepted 45m shares which is another institution looking for the move back to 2p+
And when your done mulling that over check the trades today ... 1979146 bought
550000 sold or about 4 times more shares bought than sold.
And then can you explain why the institutions are all getting shares as if your right they might as well have requested payment instead of loosing money by holding stock ???



------------------------------------------------------------------
psmith64 - 20 Jul'04 - 00:23 - 802 of 813 "and EBG are laughing all the way to the bank, because they bought shares at 0.10p on conversion of loan notes, and sold all of them at 100% + profit"


Wigmore Group (The) PLC
20 July 2004


The Wigmore Group plc
(the 'Company')

Conversion of Loan Notes and Additional Listing

The Company has received a notice of conversion, in accordance with the Loan
Note Instrument dated 4 June 2004 between Evolution Beeson Gregory Limited and
the Company, to convert £100,000 into 100,000,000 fully paid ordinary shares of
0.01p each in the Company.

The Company has also today issued to Square Mile Limited 45,000,000 new ordinary
shares in consideration for terminating financing arrangements with the Company,
as referred to in the announcement on 7 July 2004.

The Company will make application for the 145,000,000 new ordinary shares to be
admitted to trading on AIM and admission is expected to occur on 26 July 2004.

Square Mile Limited's shareholding of 45,000,000 shares represents approximately
6.0% of the now enlarged issued share capital.

[psmith64] 20/7/2004 16:38

Where have all the traders gone today, less then £ 5 K traded in the day, price looks like it is going to have to drop tomorrow to stir up some interest, my £ 100.00 is looking sorry for itself now.

Come to think of it, where has SAGEM gone today, maybe he has been trying to get us his hot info as to what is going on behind the scenes.

But then again, maybe he knows nothing factual to report

Regards

Paul

[psmith64] 20/7/2004 14:23

A post from SAGEM on one of the other Wigmore Threads:-

SAGEM - 9 Apr'04 - 10:32 - 879 of 897

To long and short

I am only quessing, but I really think this is correct as it all makes sense.
We will just have to waite and see as usual. This is still a very good growth stock with bags of potential. Very undervalued indeed.

I rest my case, just confirms SAGEM - all your posts are based on guesswork, not fact, so when you can come back with some fact, people might start to take your posts seriously.

My posts are based on fact, obtained from local knowledge, I once recommended Wigmore myself, based on the fact that I knew how good Blanchards were, and when they aquired them, praised them accordingly.

But now, I have seen what devistation being part of the Wigmore Group has done to such a good company in the space of 10 months, which has demoralised a great workforce, and left it short of cash to pay its subbies and suppliers on time, coupled with other things I know that I haven' even posted, hence my now negative posts.

Regards

Paul

[psmith64] 20/7/2004 13:43

Just a reminder of the year end statement SAGEM - as you like to post reminders:-

RNS Number:1512T
Wigmore Group (The) PLC
11 December 2003


The Wigmore Group PLC

Trading Statement

The Directors of The Wigmore Group are pleased to announce that following a year
of significant expansion and based upon the information available at this time,
they anticipate that results for the year to 31st December 2003 will be broadly
in line with market expectations. The Directors view 2004 with optimism.

P L R Hewitt
Executive Chairman

So why are the directors not piling in with massive buys to protect their position, between them they own less than one percent of the issued capital, yes 4227816 shares representing an investment of £ 8455.64 at todays price, maybe its because they are not quite so optimistic, and any cash they do have, is probably best left in a safe deposit at the moment.

Doesn't really back up your theory of something going on behind the scenes, does it SAGEM.

So BLADVOD EXTREME do you know anything concrete, haven't see you ramping today yet.

Regards

Paul

PS: Starting to write off my £ 100 gamble on Wigmore already, oh well, I did treat it like backing a 500/1 shot at the races, maybe I should sell while I can still recover part of the bet, unless SAGEM & BLADVOD EXTREME can convince me otherwise with some fact instead of fantasy !!!!!