Wallgate Share Discussion Threads

[tamaybroke] 30/7/2004 17:52

Extremist,I guess you didn't read my post properly then....I said... WHAT people were in profit by selling @ .22p(a question),and i stated it wasnt you or SAGEM or anyone else on this thread!!.....meaning the little boys.
The big boys are the only profit takers here.
PS there is about 73,000,000 shares bought @ .22p and the rest bought above that(excluding the measly amount you stated)thats the point i was stating but obviously it was too complicated for you.

[blavod extreme b e s] 30/7/2004 17:25

Tamaybroke,

I guess you didn't see the buys at .20p then .... go back through the trades of the last week, and there are PLENTY of people in profit who bought at .2 or .21
Please try and keep the bull5hit out of your posts and keep to the facts, when you can produce some that is.

Here's some examples from the 28th ...

9 303LUWUT04 0.21 112530 O 0.17 0.21 13:44:12 112,530
353,454 2,341,982
8 102HM0SU04 0.21 1300 O 0.17 0.21 13:41:05 1,300
240,924 2,341,982
7 102HM1QB04 0.206 10000 O 0.17 0.21 12:56:54 10,000
239,624 2,341,982
6 0013ZHOK04 0.205 10000 O 0.17 0.21 12:30:57 10,000
229,624 2,341,982
5 0013ZIJ304 0.21 941982 O 0.17 0.21 11:01:23 941,982
219,624 2,341,982
4 0013ZJFI04 0.21 14216 O 0.17 0.21 10:39:17 14,216
219,624 1,400,000

AND from the 19th
10 303L82I904 0.2 15000000 O 0.17 0.22 11:18:58 15,000,000

[sagem] 30/7/2004 16:15

P.SMITH.........YOU HAVE BEEN PROVED WRONG AS I SAID BEFORE. SELLS NOW.22p

[blavod extreme b e s] 30/7/2004 13:12

PSmith
Re 0.17p bid ...

Buys now going through at 0.30p
Sells now going through at 0.22p

Therefore the price IS going up !

[blavod extreme b e s] 30/7/2004 13:00

Jak,
EVO bought them to keep, if they sell any an RNS has to be issued, they are not the kind of company that would flout the regulations by selling and not telling !

Tony,
The reason the price is going up, is that all the big shareholders are NOT selling, so the small percentage that is left in the open market IS contolling the price.
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[tamaybroke] 30/7/2004 12:54

well if i could buy them at .22p and sell them at .30 to suckers out there who dont do their homework then i would too.

[sagem] 30/7/2004 11:41

10 million sell MM are they short of stock, is that possible

[tonytaxi] 30/7/2004 09:29

Blavod
Do you really think that the recent few small investors who bought at .28-.3 are capable of controlling the price if they all refuse to sell? As long as there are people buying at that price they will sell them to you.The MMs have plenty to sell you and they got them at 0.1p. Don't worry if you want more,WGT will have another issue to keep you happy. Don't forget if you have 10 million now ,that will be 1 million when they have a consolidation,and rights issue in about 9 months.(in my opinion)

[blavod extreme b e s] 30/7/2004 07:56

PSmith

RE - 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

Thats rubbish and you know it !
You don't know where the price will go, (like your previous prediction of .01p has been proven wrong) and as for those that bought yesterday at 0.28p, they knew the spread when they bought and expect to make a profit, so long as they stick with it then they may just do thet. They bought at .28 and if they won't sell for less than that, then the bid will reach .28, and why is the ask .3, because the market can sell them at that price, so the 'value' you put on WGT in your posts is incorrect too.

[blavod extreme b e s] 30/7/2004 07:49

Another interesting day ahead ?

[psmith64] 30/7/2004 00:58

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,.................., see what I mean.

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

[blavod extreme b e s] 29/7/2004 20:09

Don't forget the 'blip' today that no one took advantage of, when the mid went up 40%+ and the bid went to 0.22p and the ask went to 0.4p, this was just after 9am, not at 7:55am as you may think.

[si007] 29/7/2004 19:51

for those who haven't realised, the 23% increase in share price is meaningless - the increase only applies to the mid-price, and it is only the offer that is fluctauting. the bid is consistently around .17p.

there are buyers at around .28p and above, but they are just wanting to take a total gamble, as i already explained yesterday that we are likely to see increased volatility.

important news is that (1) there was no trading statement at the agm, and (2) it should not be assumed that the significant majority shareholders (who have between them a 51% stake and are, as of yesterday, represented on the board) have the best interests of shareholders (and indeed of the company and its employess) in mind. No details of any business strategy to revive the business have been released - this tells us something.

I remain bearish.

[blavod extreme b e s] 29/7/2004 19:49

Still it's a conversion of a loan note, as opposed to what you imply is a completely new 'random' issue of shares. These loan notes are already in the price, so converting them means very little apart from dilution of equity, as opposed to buying back the notes by spending cash !

As for selling them to us mugs, I have seen NO RNS to say that any of the big shareholders are selling anything or that recent conversion shares have been sold. If you think they(big shareholders) are selling shares please show me an RNS that shows this.
Also if someone tried to sell 28% of the company on the open market do you really think an MM will take them ....

[blavod extreme b e s] 29/7/2004 18:25

No new shares issued today or there would be an RNS.
All the big shareholders (3% and above) are INCREASING their holdings, they are NOT selling or you would see those sells in the data, and an RNS would be issued.
Can't you see that they are all getting the biggest chunk of WGT they can, and the value of those chunks when it comes to the boardroom is what it's all about, not skinning a few quid off us with our few grands worth !
Don't you wish you had 28% of WGT ?
You might have had before the dilution but now THEY have it, and you have a much less significant percentage !
There are plans being drawn up for the future of WGT, and it may not turn out as bad as you make out, or there would be little point in companies increasing their holding, and putting in their own board memebers due to the voting capacity of their holdings !

[blavod extreme b e s] 29/7/2004 18:02

1,823 sold
5,888,010 bought
UP 23.7%

I'm not complaining ;)

RE - "if they can't make a profit after the last five years, aquiring profitable companies"

If they hadn't spent the 'profit' buying other companies the profit would still be there !
Try the same arguement on any BB where the profit is being spent on aquisitions such as YOO and see how little it means in comparison to the gains made by aquiring a competitor or a company that will eventually add value to the group (ie YOO aquisition of dateline - The two businesses combined will be profitable and lead to significant synergies and cost savings)
The 'group' can now look back on it's mistakes and fix them, such as kicking out certain people !

[starsiva] 29/7/2004 14:51

Paul smith, I agree with you mate... WGT made a real blunder with their financing.... Peter hewitt should have gone...

[psmith64] 29/7/2004 14:34

SAGEM - I do have work to do, I can't waste all my time giving free advice to pillocks like you that still after everything put faith in a board of directors, that quite frankly, if they can't make a profit after the last five years, aquiring profitable companies, are never going to make profits.

Time will tell, but I am sure with Global and Burnbrae now having a 51% share, they are not going to leave Hewitt & Co in place, and if they do, then frankly, they are not going to make any difference are they !!!

As for your comments, like, "the share price will be up tomorrow", based on no news, just your hopes, you are the one that makes yourself look stupid, because if you look at moment, the highest price obtained in todays sales is 0.17p, like TOB says, don't just write statements like that if you can't back it up as to why the shareprice will be back up tomorrow, because it isn't is it, they may have upped the offer, but the bid, and what you can get if you sell, remains firmly at the bottom of the spread.

When I made statements based on fact a couple of weeks back advising people not to buy, when you could have got 0.23p, at least I haven't locked them into 35% losses have I !!!!

Who do you think people are taking more notice of SAGEM, me or you ?????

And just a reminder of some more fact, Blanchards turnover in the last two years has probably been 50% provided ( £ 3.0 millon ) for their work with Annington homes ( this info was provided in a round about way in the buyout document, and was one of the against points that Peter Hewitt brough to investors attention, based on the fact that if they lost this work, or it dried up, it could have a detrimental effect on the trading of Blanchards ), well, I think you will find that this fact will now come back to haunt Peter Hewitt, because in the last six months, the significant amount of work this client provided has not been there, and in fact the current live job they have with them has not gone too smoothly due to a site problem, hence Peter Hewitts comment on a slow start to the new financial year, which probably part contributed towards the financial problems, because when one of the best parts of the company begins to underperform, its means problems ahead, which has now been bourne out.

Furthermore SAGEM, I think you will find in the Buyout document, Peter Hewitt did also mention that Wigmores own credibility could have an adverse effect on Blanchards trading accounts.

What I think he probably failed to mention here, is that it may also have an adverse effect on clients, as you will probably agree, people want to be sure that a large contract can be financed, before it is awarded, and clearly, Wigmores current situation will not have helped that.

Yes, they may have refinanced in recent times, at great cost to you the investor, but this by no means, means they are going to now suddenly make profits and the share price is going to go into hyperspace.

Before this share price lifts, people are going to want to see good some positive results, but it is going to be some time, as we already know, that this year is not going to reach managenment expectation, because Peter Hewitt has already told us this in an RNS.

So once again SAGEM - keep your mouth shut on your maybe's until you have some fact to back it up, and don't worry, if I hear anything good before you to make me think this is going to be a good recovery stock, I will let you know, right here, likewise, any info I find out to warn people against losing money, like they still would have in the last few weeks, I will continue to let you know that also.

I am lead to believe there is something going on in the background, what I can't say because it would implicate others, and whether it will be good for the price, if it happens, that is difficult to say, time will tell.

At present, I am happy to leave my £ 100 invested in Wigmore as a pure gamble, based on the hope that Wigmore becomes a cash shell, that a new management and new idea comes into the shell, but that is a 500/1 outsider, left as it is, the chance of this share even reaching 0.50p is a long and distant hope in my opinion only, but do your own reserach, and if you want to wait for the 1p, well, you would be better buying lottery tickets to make your fortune, and if you think your original 3p is acheivable, the stories that used to be on Jackonory have got more chance of becoming fact.

At present, as of today, with the man that lost you 90% combined with his board of directors still in place, my current thoughts on this share remain firmly against buying, and you have to agree, that over the last few weeks, I have been right.

You probably won't hear from me for a couple weeks now SAGEM, but it is not because I am keeping a low profile, it is beacuse in a couple weeks time I am going on holiday, so will be extremely busy pricing works for Blanchards competitiors before I go.

Regards

Paul

[tiredoldbroker] 29/7/2004 09:51

Sagem, why the attitude towards Psmith64 ? Far from him being "proved wrong again", he's been a useful source of info and pretty much on the ball. He's been damning and pessimistic about WGT because the fact is, there's been plenty to be damning about. Whereas you have been bullish about them all along and if you sold today, you'd be down at least 90% on your original investment. Of the two of you, Psmith64 has been a better guide ! Don't just post that the AGM news is "much better" than expected, explain WHY it's good - except, I don't think it is. I don't think the latest Board changes really change anything at all.

[paulmasterson1] 29/7/2004 07:07

The two new board appointments are now in a position to (if they wan't to)) kick out Hewitt+Wife, as they have 51%, so don't think that game is over yet either.
This should look very positive to the market, as there are 3 known BIG shareholders, and they are not all known for 'bottom-fishing' or 'asset-stripping', but more likely want to make a go of it.