Water Hall Share Discussion Threads

[solarno lopez] 02/7/2013 08:21

Wonder what the IC will make of this

[solarno lopez] 01/7/2013 15:49

Perhaps it was the thought of the 7% yield that persuaded the buyer

[solarno lopez] 01/7/2013 15:34

Apologies 250000 at 2.58p

[solarno lopez] 01/7/2013 15:31

Nice buy of 250000 at 2.5p...someone likes the deal

[solarno lopez] 01/7/2013 14:31

Somebody likes it

[solarno lopez] 01/7/2013 14:00

4.6p is a very nice sum if you bought last week as some did

PETARDS will go along way with the available cash so I remain positive especially with the 7% yield

[barnetpeter] 01/7/2013 13:35

to be fair to peg they made a small profit this year. This clears their debt, gives them cash. The deal is worth 4.6p to wth shareholders.

Not very exciting I freely admit...if peg blow this cash then that's it.

[solarno lopez] 01/7/2013 11:13

Yield on the loan stock is 7%

[solarno lopez] 01/7/2013 10:39

one of the many, so here's hoping

[tiltonboy] 01/7/2013 10:35

Unfortunately yes.

[solarno lopez] 01/7/2013 10:21

TILTON are you a holder of shares in WTH

[solarno lopez] 01/7/2013 10:05

Thanks TARA

[tiltonboy] 01/7/2013 09:29

Noujay,

Apart from their investment in Premier Asset Management, the rest of their investments have been an absolute shambles. The directors have overseen a fall in assets from in excess of 10p per share to the current level. What makes you think an aggregates and tip operator can run a surveillance company.

Take a look at where they made their first investment into PEG and see where the price is now!

If you believe the WTH directors are capable of turning it around, then surely the WTH share price is an absolute bargain. It will get you into PEG below the bid.

[noujay] 01/7/2013 09:15

What you say is fair enough but as practically all of your previous posts represent nothing more than knocking copy I would have thought that some positive action from WH would be welcomed!

[tiltonboy] 01/7/2013 09:09

Noujay,

You having a laugh!

They are making an investment in a company where the bankers were pulling the plug!

Look at the track record in PEG, and look at the share price reaction in WTH. Says it all really.

[noujay] 01/7/2013 09:01

This is a good deal for water hall shareholders and gives some direction/a future. Tilton I note your usual cynicism but I think this looks very promising indeed now the full story appears - perhaps the chairman is not quite as inept as you seem to think..

[red army] 01/7/2013 08:24

It all depends on the strategy moving forward but perhaps the lesser of several evils.

[tiltonboy] 01/7/2013 07:55

Solarno,

That drink might still only be water. Just keep an eye out for the Petards price!

[tara7] 01/7/2013 07:48

SOLARNO, well it took an age, but got their in the end.

Now go and get yourself a nice drink.

Well done.

[solarno lopez] 01/7/2013 07:21

WOWEEEEEEEEEEEEEEEEEEEE

Is this good news or what

[barnetpeter] 30/6/2013 12:03

Basically they have bought the pettards debt. I dont really see much growth value in this at all myself....they get 8% on the money I suppose.

All rather pointless to be honest; except if you fancy PET to really motor on.

Dull and boring ....no point in selling with all this cash but not exactly a growth story is it??

So just a way of buying PET at a big discount I suppose....

[red army] 30/6/2013 08:45

This company is like a rudderless boat without any wind in its sails - more importantly the crew have not got a clue.

[noujay] 29/6/2013 19:27

Looks like water hall have entered the banking sector!

[doobster78] 29/6/2013 11:09

Right this is it ... instead of LMFAO, can anyone actually decipher this in laymans terms ??? TIA

The Board of Water Hall announces that it has entered into a debt purchase agreement (the "Debt Purchase Agreement") with Lloyds TSB Commercial Finance Limited and Bank of Scotland Plc (the "Banks") pursuant to which the Banks have assigned to Water Hall their full rights under the working capital facility letters and the receivables finance agreement provided by the Banks to Petards Group plc (the "Petards Working Capital Facility") together with the assignment of the Banks' security to Water Hall. The rate of interest payable under the Petards Working Capital Facility on any drawings is charged at the annual rate of 4 per cent. over the Bank of Scotland base rate. Petards Group plc ("Petards") is a UK-based AIM-traded company whose activities embrace the provision of security and surveillance systems to the transport sector, in particular railways, emergency services sector, specifically the police and the UK Ministry of Defence. Water Hall has an existing 29.99 per cent. interest in Petards.



The total consideration paid by Water Hall to the Banks for the amount currently owing by Petards under the Petards Working Capital Facility and other associated trading and transaction costs was £664,557 in cash, which has been funded from Water Hall's existing cash balances.



The Petards Working Capital Facility, was secured by a number of debentures and charges over the assets and business of Petards and its subsidiaries, comprising Petards Limited and Petards Joyce-Loebl Limited, had a limit of £1,650,000.



The Board of Water Hall is now in active discussions with Petards with a view to Water Hall providing Petards with a new working capital facility (the "New Facility") of up to £1,650,000 (including the amount acquired from the Banks) on substantially the same terms and security as the Petards Working Capital Facility. A further announcement will be made in due course.



In addition to its liquid resources of approximately £500,000 and the amounts due from Petards arising from this agreement, Water Hall's sole remaining equity investment is its 29.99 per cent. interest in Petards, which as at close of business on 27 June 2013, was valued at £538,000. For the six months ended 30 June 2012, the date of the last published results, Petards's unaudited turnover and profit before tax amounted to £4.7 million and £22,000 respectively and as at the same date total assets and net assets amounted to £4.4 million and £383,000 respectively.


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