Waterman Share Discussion Threads

[norbert colon] 03/2/2016 16:22

Interesting to see that the estate of Mr A G Thompson (former director - now deceased) has decided to sell some of their holding. I dont see this is a negative sign as they are right to take advantage of the current strength and sell into the demand.

[wilk1] 03/2/2016 09:52

See no reason why this shouldn't go to 120p in the next few weeks.

[mctmct] 03/2/2016 09:06

Stockopedia's computers like them too, with an exceptionally high StockRank of 98. Broker f/c 7.8p eps this year, 10p next. Divi 3p rising next year to 4p.

I have just bought another 10,000 for my wife's ISA.

[norbert colon] 03/2/2016 08:37

Yes cash adjusted forward (2017) PE of less than 7 against a business growing at +20% per annum.

Martin - you might be correct although their receivables are managed pretty well anyway.

Look forward to seeing the numbers in detail later this month.

[shanklin] 03/2/2016 08:08

I would like to think the increased cash is largely due to "Trade and other receivables" being actively managed downwards.

[martinc] 03/2/2016 07:51

So that's 21 something pence of cash per share, where the share price is 89p. That's pretty good going.

[darlocst] 03/2/2016 07:40

Very impressive cash generation

[mattboxy] 03/2/2016 07:22

UPDATE Waterman Group plc ("Waterman" or "the Group"), the engineering and environmental consultancy, today releases a trading update ahead of the announcement of the Group's Interim Results for the half-year ended 31st December 2015. The Board expects to report Interim Results consistent with market forecasts for the year as a whole, with increases in revenue, profit and operating margin percentage compared to the prior year comparable period. Waterman has experienced a successful interim trading period and a continuing emphasis on working capital management has resulted in a significant improvement in the Group's net cash position, notwithstanding the increase in activity. The Group expects to report net funds at 31st December 2015 of £6.5m (£3.8m at 30th June 2015 and £3.6m at 31st December 2014). The Group will report its Interim Results on 29th February 2016.

[wilk1] 21/1/2016 11:10

ANCR and CVR another couple of belters too, both yielding well above 3%.

[wilk1] 21/1/2016 11:07

That's my problem too, just waiting for a couple of positions to mature, but of course when they do this will be much higher, hence the overdraft this morning.

[mfhmfh] 21/1/2016 10:55

I have no money to buy any! Might have to sell something else before the day is out!

[wilk1] 21/1/2016 10:32

My sentiments too, I've just put the overdraft in with a 6500 buy.

[mfhmfh] 21/1/2016 10:27

This is a ridiculously good buy at this price!! Just need to hold your nerves and be brave.

[wilk1] 21/1/2016 10:02

Like the management here, I'm looking to go all in here at this level or a penny or two lower.

[brummy_git] 21/1/2016 09:46

Low-volume – shouldn't be anything to worry about

[wilk1] 21/1/2016 09:37

Ridiculously cheap now. 50% safe upside in the next 6 months here plus a 3% yield

[geraldus] 11/1/2016 10:59

Quiet board here which is not a bad thing.WTM is on of those stocks that performs steadily and does exactly what it says on the tin.Good luck to all holders.

[norbert colon] 08/1/2016 21:57

I note that WYG have acquired the planning consultancy Signet for 1.07 x sales or 2.9 x NAV which appears to me to be quite a premium.

Waterman by contrast, even after the strong re-rating over the last 12 months, is still valued at <0.4 x sales and around 1 x NAV and cements the case for the ongoing rerating of the company during 2016-17.

I still have a firm 150p price target and, macro issued aside, may prove conservative.

[napoleon 14th] 06/1/2016 16:03

Wants to maintain that B/O.
Looks strong...

[napoleon 14th] 02/1/2016 15:02

I should have bought more...

Let's have a great 2016 with this one!

[mattboxy] 01/1/2016 03:21

Moving again!

[bamboo2] 30/12/2015 09:54

Is looking positive. Target approx. 114

[mattboxy] 29/12/2015 21:44

Nice movement today!

[norbert colon] 17/12/2015 10:18

UL

As of June this year they had around GBP 10m available - probably more now.

They have GBP 57m of total assets and GBP 27m of net assets (GBP 11.7m of tang net assets) + they have circa GBP 3.8m of cash.

In summary a decent balance sheet.

[ulinbac] 16/12/2015 16:53

Does anyone know what their total banking facilities are?

Total liabilities of 24mln seems quite high.

Thanks,

UL