Share Name Share Symbol Market Type Share ISIN Share Description
Waterman Group LSE:WTM London Ordinary Share GB0009422543 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 139.50 138.00 141.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 91.3 3.6 7.6 18.4 41

Waterman Share Discussion Threads

Showing 1726 to 1748 of 1975 messages
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High profile announcement today with hopefully more to come.No negative comment on current trading so should be at least in line.Hopefully due for a bounce back, might even tempt NT back in or a bidder. GLA.
Yes moving back above 70p, anyone who bought at Brexit must be happy now.
contract announced today. Waiting for funds to add in here.
From Arcadis results this morning:"United Kingdom (17% of net revenues) - Net revenues grew organically with good growth in Infrastructure, benefitting from the successful integration of Hyder, and continued Government spending. In Buildings, revenues decreased due to a slowdown in London, caused by Brexit-related delays in investment decisions. Revenues in Water increased due to good growth in business advisory, project management, and engineering. Revenues in Environment were higher, driven by increased demand for environmental planning. EBITA increased by 8% to €20.5 million (H1 2015: €19.0 million). The operating EBITA margin increased from 9.6% to 10.3%"In summary not too bleak a picture with some slowdown in revenue growth but aspects of their UK operations (infra/environmental) still doing well. Of course it's still early days....
norbert colon
NapoleonAround 6% from Australia and 4% from Europe (Ireland and Poland only).Income from Australia positively impacted by AUD/GBP which has strengthened 15% since Jan 2016
norbert colon
Nap 8% revenue from Australia; 3% from Europe
I'm not selling either, Brexit or not. IMO you can expect as much hype from the analysts as we got from the politicians. Interesting stats, Norbert. What I don't know is how much T/O comes from outside the UK. O'seas venutres are not guaranteed to suceed anyway - ask SFR!
napoleon 14th
Thanks Norbert - I suspect any slowdown would be a gradual drawn-out process, meaning that we will probably only fully appreciate what's happening at the coalface in circa 6 to 12 months time.
Brummy Its important to be aware that WTM's revenue is split approximately as follows: - Commercial 20% - Retail 25% (Growth sector) - Residential 10% - Highways 30% (Growth sector) - Other / Misc - 15% Hence they don't have a huge exposure (still significant) to commercial property and its not just London focussed. I am encouraged by news from Hammerson today (one of their big clients) who note: "Looking forward, we have confidence in the resilience of our business model, which will underpin our ability to deliver robust income returns during and beyond this period of political and economic uncertainty in the UK. We believe our European diversity, best in class retail portfolio and low capital commitments positions us to produce consistent operational results, as we have done in recent years. During 2016, we successfully delivered our market-leading platform in Dublin, accelerated momentum in signing new leases and executed our disposal programme to support our financial flexibility. Our assets in Europe continue to perform strongly and in the UK, notwithstanding the market uncertainty, we have been reassured by the level of leasing and investment activity post the EU Referendum, both in our portfolio and across the wider property market, highlighting continued appetite for high-quality retail property." I am hoping for a Trading Statement from the Board for the recent half year end so that investors can get a better insight of any Brexit impact to-date. Oxman - WTM have a tangible book value of circa 39p and net-net current assets of 24p so whilst the valuation could drop further there is a very strong balance sheet to provide support and this would not be the first time WTM have had to deal with slow-down in their order book. Their main exposure would be staff related (redundancy costs) as they have made very wise choices not to over expose themselves (office space etc) and personally I am very happy to remain a holder.
norbert colon
Net assets over 90p. Bargain sub 70p. Is it not ???
its the oxman
Hi Norbert – do you see any possible read across to Waterman from yesterday's more cautious trading updates from Christie and British Land with regards to the UK commercial property market? "a small number of transactions were lost upon announcement of the European referendum result" Also UBS analysts say they expect London office values to fall by 20% – an increase on their previous 15% estimate. Falls in the price of other commercial properties would not be so large. But, they said: “At this early stage, there is limited evidence to point towards, to assess the potential magnitude of the impact on the commercial real estate market.” The analysts said: “We have heard of some so-called Brexit clauses being triggered, causing deals to fall through. The long-term demand picture in London is uncertain as banks investigate the potential impact of a withdrawal of passporting rights, while the near-term outlook is also difficult. So the direction is certainly down, but the magnitude is uncertain.”
Encouraging news of Wells Fargo buying office block in City of London
norbert colon
And some further market commentary of interest:
norbert colon
News from Capital and Regional the UK focused property REIT..."Following the result of the UK Referendum on EU membership, positive leasing momentum has continued across the whole portfolio with 12 new leases or renewals having been agreed or having progressed to being in solicitors' hands since 24 June 2016"
norbert colon
Surprisingly upbeat (relative to current post Brexit situation) results and outlook from FLK this morning FLK and WTM have strong balance sheets to allow them to weather market uncertainties.
norbert colon
Yes Norbert - my instinct is that WTM is way oversold at current levels - but even so trying to say where things will stabilise in this environment is anyone's guess.
Clearly a challenging time for WTM investors and those with any form of exposure to the property and construction sector.Some contrarian views from Arcadis which hold some water although uncertainty is clearly going to remain a dominant headwind. have not sold a single share since building my stake from sub 40p in 2012 and don't intend to either.
norbert colon
Plus circa £5m cash on the B/S
Property funds frozen as the herd mentality kicked in and too many tried to exit that doesn't mean all projects have gone on hold because we voted to leave the eu. Waterman won 2 large projects just last week and stated they were ahead of forecasts at the last update.
This could go lower. Just look 3 commercial property funds frozen.
My BUY at .61 has gone down as a sell
Huge re rating going on here!!! Seems very cheap now... Just my luck ill buy into a profits warning... Pondering a nibble any thoughts?
The Indie seems to have morphed into some sort of socialist Worker type rag for the trendy leftie........
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