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 Shares Traded Last Trade
  0.00 0.0% 139.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
138.00 141.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 91.32 3.56 7.60 18.4 41
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
23/6/201716:06Waterman Group1,914
19/6/200722:46West Timmins Mining: success thru drilling?14
27/2/200416:51Looking to invest - Waterman / White Young Green / Alizyme?8

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Waterman (WTM) Top Chat Posts

redartbmud: mfh It is 'dead money now'. I have no idea how many weeks it will be before the proceeds of the sale are received. Unless there is another bid, that is it. Some sell up and reinvest into other companies that my give a return far quicker - dividends or increase in the share price. In the very unlikely event that the bid fails, the share price will fall back.
mount teide: Presumably, like many, when i checked and saw there were some 39 new messages this morning for WTM on ADVFN, on what is generally a very quiet thread, before clicking on it, immediately thought it could be only one of two things: Takeover announcement at a modest premium to the share-price (would have been delighted with 115p - 120p) or A profit warning due to a downturn in UK business post the Brexit vote. Even though i felt the market cap of the company represented excellent value, feared the odds were probably more skewed towards it being the latter rather than the former. To secure an offer at a 83% premium to the existing share-price in the current industry climate is a remarkable achievement - once again well done to the Board. Will be raising a good few glasses tonight in appreciation!
mount teide: Considering the huge premium to the share-price, remarkable that news did not leak beforehand. Very low volume in the week before this announcement. Only two trades in 5 figures: 15000 buy - two days ago (well done!) 34600 sell - four days ago (ouch - a cool £22.5k left behind - been there done it, so know the feeling!) Such is life !
glaws2: Profits increasing - not to mention the share price :)
riddlerone: Nice contract win, A few familiar old faces on this BB good luck guys
glasshalfull: WTM Concur with your thoughts geraldus. Absence of any comment on trading was also a positive in my book. This further contract win follows on from the contracts announced of 27th June and strong IMS statement from May. I'd also have expected any negatives on post-Brexit vote conditions to be contained alongside such an announcement. The share price fell 45% following the referendum and is still almost 30% below the highs achieved at the end of May. Broker Singers reiterated the undernoted forecasts today, which place WTM on a PER of 9 for the year just ended and falling to PER of 7 for the current year with the prospective dividend yield rising to 5.5%. WTM is only valued at 0.2x sales based on its £20.8m market cap and excluding their net cash balance. Believe that CSG was taken out for 0.5x sales and I recall Norbert posting a few months back that BDP was purchased by Nippon Koei for 1.25x sales. Please correct if my sums are wrong Norbert :-) Singers also indicate, "Waterman has announced the commencement on site of the Capital Dock Development by Kennedy Wilson in Dublin. Waterman has been appointed to provide civil and structural engineering services. This is a prestigious project and one of the largest undeveloped sites in Dublin’s central business district, incorporating the tallest tower in Dublin. We make no changes to forecasts, but this is another high profile development and the Board looks forward to developing the Group’s relationship with Kennedy Wilson on future projects. We next hear from Waterman in October for the full year results (June year end)." 2016 (year end June) Rev £89.9m PBT £3.6m (+22%) EPS 7.8p (+44%) Div 3.0p (+50%) Net Cash £3.7m 2017 Rev £96.3m PBT £4.6m (+28%) EPS 10p (+28%) Div 4.0p (+33%) Net Cash £3.6m 2018 Rev £103m PBT £5.5m (+20%) EPS 12.1p (+21%) Div 4.8p (+20%) Net Cash £3.9m Kind regards, GHF
mattafc: Hi all, I've just been alerted to WTM and am in the process of doing my research prior to a potential buy. I'm trying to understand the reason for the recent drop in share price around the 22nd April. The only news is the appointment of an NED to LAKE which shouldn't cause significant concern. Was this blip just noise?
norbert colon: Although I am not a trader or chartist (and having not bought any more stock since this time last year) I feel compelled to add at this level whilst already hugely overweight. The share price is at the bottom of a very clear upward trend with all indicators oversold and with the market valuing WTM at just par book value (a significant discount to its peer group) I see the current valuation as very attractive.
martinc: So that's 21 something pence of cash per share, where the share price is 89p. That's pretty good going.
norbert colon: Well attended AGM today with various staff, private investors and retired Directors present. I also saw Philip Hayton (ex. BBC Newsreader) who I know is a keen retail investor. Key highlights: London commercial sector (20% of Group revenue) is very resilient. Continues to be a safe haven for foreign investment and there is an ongoing demand for office space. Largest city in Europe. Focus on staff retention and managing growth which is key as a people business. Head count up again. Trying to be selective over projects. Looking to double the size of the Building Services team over next 3 years and recruiting staff from smaller competitors of which there are many. Looking to diversify their MEP service offering to help smooth out the cycle i.e not just focus on new-build projects but include refurb and fit-out. Also looking to increase workload in areas such as healthcare. Great long-term relationships with numerous blue chip clients who they trust and this helps mitigate commercial risk. A number of staff are shareholders and are encouraged to attend the AGM. Michael Baker and Ric Piper seem very complimentary to the other Board members with respect to their experience and both are encouraged by progress and prospects. In summary there is a lot more fuel in the tank with respect to valuation and the company seems to be firing on all cylinders and is clearly in a sweet spot at the moment. With ongoing Govt investment in highways / infra and and buoyant property sector I remain confident about their prospects and foresee an ongoing rerating of the share price.
Waterman share price data is direct from the London Stock Exchange
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