Wallgate Share Discussion Threads

[troutisout] 19/8/2004 00:04

D_D,
Global the other large shareholder is vehicle for Dean.
Look at price Square Mile's warrants(yes 0.01p)and that was for an offer for finance that wasn't used.
If you look at threads for ART,CRB and EVS you will see the same old stories shareholders hoping it will get better now Dean has gone . The truth is the damage has been done to those companies with only one winner.DYOR.

[maut too] 18/8/2004 23:58

you know little about any company and I note you claim a short on another bb ... very odd

[day_dreamer] 18/8/2004 23:56

Conclusion from me is the stock is seriously diluted but
has raised some much needed cash.
Massive overhang still not cleared, impossible to know how
much stock Evo has to shift before/if the price was to rise.
The company does seem to have decent turnover and has won new
contracts but are they profitable.
So can this company be turned around ?

My stance on this is neutral as i dont really know a lot about
this company and looking at RNS's for a few hours certainly wont
change that, need more imput from some of the more knowledgable
posters who know this stock.

Lots of positived and negatives in this one still.

Gravy

[day_dreamer] 18/8/2004 23:49

This RNS is from last month, Burnbrae seem supportive but then they are
getting their stock much cheaper than the market price, surely any more
conversions would take them over 30%...is this allowed, dont you have to
make a bid for a company ??
And then there's the last paragraph about Evo, might explain again how
they can sit and sell all these shares this week because they must be making
a serious profit on them.


LONDON (AFX) - The AIM-listed property services company Wigmore Group PLC
said it has agreed refinancing proposals with Burnbrae Ltd, a private investment
company based on the Isle of Man.
As a result, Wigmore has ended an earlier agreement with Square Mile Ltd,
which was announced last month.
Under the refinancing agreement, Burnbrae will be issued with a 300,000 stg
convertible loan note, convertible at 0.11 pence. Burnbrae will also subscribe
for a further 400,000 stg of shares in Wigmore at 0.11 pence.
In addition, Burnbrae has agreed to underwrite a further share issue up to
700,000 stg. In return, it will receive warrants to subscribe for up to 132 mln
Wigmore shares exercisable at 0.11 pence, and a further 292 mln warrants
exercisable at 0.12 pence.
As part of the termination agreement, Square Mile will be granted a total of
300 mln warrants to subscribe for shares at 0.01 and 0.11 pence each, as well as
the right to subscribe to 45 mln shares at 0.10 pence per share.
The June announcement relating to Square Mile also included a refinancing
deal with Evolution Beeson Gregory Ltd. Wigmore said today EVBG has completed a
700,000 stg investment in the company.

[day_dreamer] 18/8/2004 23:38

That's more like it troutisout !

I thought it could'nt be 0.01p...that would be too much of
a instant profit....

No doubting that Evo are making money, they must have sold
close to 100 million shares in the last few days.

I remember Stephen Dean well....it always seems to be bad vibes
surrounds him and all self inflicted as well.

You say he's bought back....where does it say that please ?

Can this overhang be cleared....there is some serious buying in
this stock, no matter how bad the company is etc etc you cannot
get away from this buying, can the mm Evo run out of stock or have
they many hundreds of millions left ?

Gravy

[troutisout] 18/8/2004 23:33

Day_Dreamer,
Burnbrae converted @ 0.11p.
Don't hold but have been watching for some weeks now,and remember when as a shareholder of Artisan, Stephen Dean sold Speymill to Wigmore.Wigmore seems to have real problems financially, buying profit making companies and turning them to loss-makers.They have then had a massively diluting re-financing, after banks pulled the plug,and even had to compensate Square mile for offering finance deal that then was not taken up by co.
This has lead to a massive increase in number of shares @0.1p and a large overhang which EVO have been regularly converting @ 0.1p and selling into the market to retail at immediate profit.
Note Stephen Dean has now bought large stake ! Buying back what he sold and more on the cheap.
For more info read WGT contracts thread and RNS's BEWARE!VERY DANGEROUS FOR THE WALLET!

[day_dreamer] 18/8/2004 23:30

That's no good to this thread TAMAYBROKE !

Please give detailed reasons to why you think this ?

Gravy

[tamaybroke] 18/8/2004 23:27

Trading patterns over the last week you could a make a small amount but definitely not worth the risk,as for investing in it, forget about it its a dead loss.

[day_dreamer] 18/8/2004 23:24

Thoughts ?

[day_dreamer] 18/8/2004 18:15

I dont know what to think in this one at present that is why
i'm hoping for a good response from neutrals on this one.
I'm definately not saying this is a buy or sell right now.

It's a tiny company and a struggling one so why in some cases
are people prepared to spend £5k upwards to buy stock in this
one, that seems one hellova gamble right now, £500 maybe on
all or nothing but there's been non stop buying for 3 days now
with almost no movement.

2 major shareholders both hold just under 30% as well and both
had a representitive joining the board at the recent AGM. !

Gravy

[gingari] 18/8/2004 18:09

dreamer, whats the buzz on wgt? Worth a couple of K punt? What do you thinK? and timing please.

TIA

gin.

[day_dreamer] 18/8/2004 18:01

I'm a little confused on todays news !

It says the remainder which is £105k is converted into 95 million
ordinary shares but the price quoted is 0.01p ?..is the 0.01p the
actual name of Wgt's shares because 95mil x 0.01p does not add up
to £105k ??

Thoughts please ?

Gravy

[day_dreamer] 18/8/2004 17:56

Conversion of Loan Notes by Burnbrae Ltd

The Board of Wigmore Group is pleased to announce that Burnbrae Limited
("Burnbrae") has converted the remainder of its original #300,000 loan note in
the Company by the conversion of #105,300 of loan notes into 95,727,273 new
ordinary shares.

Burnbrae now holds 272,727,273 ordinary shares in Wigmore Group, which
represents approximately 27.85% of the enlarged issued share capital of the
Company.

The Company will make application for the 95,727,273 new ordinary shares of
0.01p each to be admitted to trading on AIM and admission is expected to occur
on 24 August 2004.

[day_dreamer] 18/8/2004 17:54

Firstly i noticed this from the AGM news.
Evo is the mm on the 0.17p offer and well below the next offer of 0.3p.

Loan Note Conversion

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
the Company. The Company will make application for the 100,000,000 new ordinary
shares to be admitted to trading on AIM and admission is expected to occur on 3
August 2004.

[starsiva6] 17/8/2004 17:35

Lots of trade today....!!!!

[tiredoldbroker] 17/8/2004 10:57

Oh cor, a million.... that must be all of £1500 by value. Hardly of earth shattering importance. Amazing that, despite all of the attempts to ramp this stock, the price is resolutely flat on its backside.

[double6] 17/8/2004 08:39

Can currently sell 1m online at the touch price - some of the MM's must be keen for stock.....

[dulay] 17/8/2004 08:19

bust by turkey time

[zinco] 17/8/2004 08:14

2v1 only evo on the offer, next offer price is 0.030 this COULD rise VERY fast indeed..;-)))

[double6] 17/8/2004 08:10

10m MM buy this am - Level 2 anyone ????