Wallgate Share Discussion Threads

[day_dreamer] 04/9/2004 20:14

You never know it just might get to a penny !

But the spread will be 0.10-2p :-))

Gravy

[tom.muir] 04/9/2004 20:01

oh heck - just as soon as you get rid of one ramper another crawls out of the woodwork. Tom

[easymoney03] 04/9/2004 18:22

looks like 1p to me the, land deal will make a fortune,always looked like a donkey untill the offer hold tight folks this will be 1p by next friday.

[psmith64] 04/9/2004 13:51

At last Topchat, you seem to realise that this is a dead duck.

Hope you did not invest too much here, and if you had have read the threads indepth on Wigmore, will understand now that with my posts I was only trying to protect investors from losing money, as well as those of the likes of tiredoldbroker.

Regards

Paul

[hosede] 03/9/2004 16:31

I think Topchat is taking the Michael! Perhaps Wigmore will discover Elvis Presley alive and well on Mars!

[tibrahim] 03/9/2004 16:18

Thanks day_dreamer,
With such a spread the MM's are trying to say something and we have to interpret that.

[day_dreamer] 03/9/2004 15:39

Nope 0.13-0.18p is the real spread.

You'll be mad to buy...looks a trap, you've read
the quality posts by insiders here...dont buy.

Gravy

[day_dreamer] 03/9/2004 15:37

Bid is 0.13p for 1.5mil on comdirect so still nobody
allowed to make a profit.

Offer is 0.18p...has the price just changed ??

Gravy

[tibrahim] 03/9/2004 15:33

Anybody with level 2 to maybe shed some light?

[tibrahim] 03/9/2004 15:01

Just guessing but is it possible that a large buy is going though and that it will be reported on Monday with an rns, hence the increase in the offer price?
Any ideas?

[tiredoldbroker] 03/9/2004 14:34

But the bid price is still just 0.1p - nobody can sell any stock at a profit, regardless of when they bought it - you're all losing money, none of you could have bought below the current bid price !

We've seent he MMs move the offer price about many times before, but it's only if the bid price goes up 100% or 200% that anyone will take a profit out of this. Otherwise, apparent movements in the mid price don't matter a jot.

[edwards45] 03/9/2004 14:20

me 2, averaged down nicely now, who knows....just watching & waiting. Good luck to all (we sure NEED it)
topchat-10 out of 10 for your sole optimism!

[gvaughan] 03/9/2004 14:02

I am a holder and thankfully only 35000, but unless I am mistaken the bid price hasn't moved for days from 0.1p , 25th August when the move was down from 0.15p.
I personally would love to see upward movement..

[tamaybroke] 03/9/2004 13:58

Why do ADVFN let idiots like topchat get away with what they do ???

[on_targetz] 03/9/2004 13:39

Okay, assuming that the Directors and staff of the respective Op Co's within WGT decided to put their money where their mouth was, would you invest in WGT stock or raise capital for a MBO...

...me thinks the latter, therefore what price could WGT expect for the respective parts, forget FNPM, Blanchards may be worth a few £££'s, BUT depends upon the value of work in hand (read=losses), okay it has some assets (yard/plant etc), but how what is the realisable/cash value after borrowings discharged. Speymill has very few assets (rented accom??/no yard), very little in the way of plant (transport mostly leased??), if the rumours are true it has financial skeletons in the closet.

On balance WGT would not get a lot for the break up of the Group, alternatively individuals within the respective Op Co's would be in a better position to start up again - cherry pick the profitable live contracts, by having Clients assign the projects to a new venture whilst turning their backs on old/current liabilities.

Mark my words, the days of WGT are limited,.... on the other hand....

....the King is dead,.......long live the King....

[shirishg] 03/9/2004 09:06

Post removed by ADVFN

[psmith64] 03/9/2004 09:06

A formation of a shell, then to reverse something new in is the only hope for Wigmore now, and that is the only reason I can think that Burnbrae are interested, Blanchards with the asset of its prime yard in Salisbury, still some of its long term staff with good contacts would probably lend itself to a management buyout, but this needs to happen soon so it can dis-associate itself from Wigmore, and for those staff to still be there, remember some of them have been made offers elsewhere, and these will be taken up in time if things do not improve with Wigmore, no one likes uncertainty especially if you have families and mortgages.

It may also be the same case at Speymill. as I understand some of the key staff in their are far from happy.

Time will tell, but something positive needs to happen inside the next month, as this is traditionally coming up to a time when building works come to an end because people want works done before Christmas, then the whole industry shuts down for two weeks over the Christamas break, and if a company is Rocky, this is the time that it can be finished off, little cash beforehand, and two weeks of little income bearing work being done, together with a big holiday wages bill to pay out.

The next couple of months are going to be critical, and it would suggest that Burnbrae do not want this company for its currrent trading activity, hence the reason for the vast dilution, because they won't want to give too much away to the current shareholders, and waht they do giveaway would still be cheaper than going for a new floatation for whatever it may be they have up their sleeve. ( this is only my own speculation, and is not based on any fact )

Regards

Paul