Watermark Share Discussion Threads

[made1686] 07/4/2006 12:52

I DO NO LIKE TO SAY TOLD YOU SO BUT I DID the vultures,s are circling here if you think vultures capitalists PAY big bucks you are all nuts,s,s,s it ,, s a sell untill the vultures circling go or it gets to a pound where they may be 50%%%%%%% up side should have sold for two pound sss lad , ss,,,ss,still can not win them all

[dave-w] 06/4/2006 22:42

Growth Company Investor's Chronicle takes the balanced view and says 'hold'. I shall take their advice pending the bid!!

[rivaldo] 06/4/2006 22:06

LOL :o)) That's the third time - there can't be any of their readers still holding any more!

What's even funnier is the article (there's free access this week so anyone can access it) barely mentions that WMK are in bid talks - it's as if the writer can't bring himself to mention anything positive on the stock. I reckon she (JC confirmed to me it's a she at Master Investor) must have had a bad experience with an airline meal and a sick bag at some point....

[mymillie] 06/4/2006 21:26

Investors Chronicle has it as a SELL tomorrow

[vmjmurphy] 06/4/2006 21:14

I would have thought an institutional sell on the open market at today's prices was pretty unlikely since any large holder will be looking to influence the buyout price. The mms are certainly shaking PI's but insitutions aren't generally easily shaken ...

[dave-w] 06/4/2006 19:25

Well spotted, space. Wonder what they've picked up to justify the rec. Do they say anything special?

[spaceparallax] 06/4/2006 16:22

Growth Company Investor have just reaffirmed their BUY stance on WMK - interesting to see if this stirs up some action tomorrow.

[vassily] 06/4/2006 15:26

ss:
You may be right. It is important to note that we have not had an institution/large holder sell as far as we are aware. If that scenario does happen, then it might be time to consider your position. This seems unlikely though at this moment. I mean, it is not as if Watermark were some loss making enterprise with the directors selling their shares stealthly. Indeed, to have improved the operating profit margin to 7.7% in testing times is testiment to the value of the company and management.
V

[sarscars] 06/4/2006 13:18

the market wants as many shares as they can on the cheap !! if they put the share down a bit more on friday they should get a few more cheap shares from the sellers ' they will test the nerve of the holders in the coming weeks

[cbgb] 06/4/2006 10:27

Hope they've stuck ARX for a whacking great commission.

Don't understand why the share price isn't higher although I'm pretty sceptical we'll get 155p which was the last placement price I think. Being cynical I expect the directors will wangle a plump deal for themselves ( and a nice retirement package for JC?) and then recommend some dirisory offer to the rest of us.....

[Abuse team] 05/4/2006 16:24

Post removed by ADVFN

[dave-w] 05/4/2006 16:23

The two are obviously linked but need to be interpreted by a more experienced PI than I. Total no. of WMK shares in issue 50m approx. No. referred to in RNS, 116.5k, which is an insignificant number. The 'NSI' (whatever that is)number in takeover disclosure is 43m approx.
Is this a badly taken up placement?

[simon14] 05/4/2006 16:00

This seemed inportant enough for it to be announced, though its prob nothing. Sorry for my ignorance.



RNS Number:8557A
Numis Securities Limited
03 April 2006

FORM 38.5

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
(Rule 38.5 of the City Code on Takeovers and Mergers)


1. KEY INFORMATION


Name of exempt principal trader Numis Securities Limited
Company dealt in Watermark Group Plc
Class of relevant security to which the Ordinary shares 1p
dealings being disclosed relate (Note 1)
Date of dealing 31 March 2006


2. DEALINGS (Note 2)

(a) Purchases and sales


Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3)

116,519 133.067 Pence 123 Pence


Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3)

17,500 134.933 Pence 124.5 Pence


(b) Derivatives transactions (other than options)


Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3)
e.g. CFD

Nil Nil Nil Nil


(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying


Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money
purchasing, to which the option American,
e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per
unit (Note 3)

Nil Nil Nil Nil


(ii) Exercising


Product name, e.g. call option Number of securities Exercise price per unit (Note 3)

Nil Nil Nil


3. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.

N/A


Date of disclosure 3 April 2006
Contact name Henry Jenkins
Telephone number 0207 776 1584
Name of offeree/offeror with which connected Watermark Group Plc
Nature of connection (Note 6) Broker to the Offeree

[dave-w] 05/4/2006 15:53

Under 'disclosure'. But this is all it says:-

OFFEREE: Watermark Group Plc

1p ordinary
ISIN: GB0009422097
NSI: 43,121,272

OFFEROR: No named offeror

-------------
No idea of the significance, simon.

[vassily] 05/4/2006 14:14

Simon14:
Can't find the article you are alluding to.

[simon14] 05/4/2006 14:02

Does anyone know what relevence this might have




Look 3/4 way down page & look for WMK ,

[vassily] 05/4/2006 13:50

Let's hope so VMJM.

[vmjmurphy] 05/4/2006 12:58

Quite right, sarscars - and since this is essentially a sale (although present managment will generally remain in place) shareholders (and particularly institutional shareholders) will look to get the best price.

[Abuse team] 03/4/2006 18:46

Post removed by ADVFN

[sarscars] 03/4/2006 18:46

it seems now may be going into the hands of a private equity company' interesting times ahead

[vmjmurphy] 03/4/2006 15:53

Made,
'i was not going to post here again'.
Please ... please ...

[simon14] 03/4/2006 12:37

Thanks rivaldo.

[rivaldo] 03/4/2006 12:02

The GCI Buy tip is now accessible:



"Watermark - BUY
Companies: WMK
31/03/2006

Watermark, the provider of cabin management services (including catering, cabin products, onboard product recycling, as well as marketing and logistics) to airlines, is in talks with private equity players and an offer for the company could be waiting in the wings.

Chief executive John Caulcutt says private equity could help fund expansion of the group's 'Encompass' total cabin management programme overseas, with Watermark inundated with enquiries and looking to set up operations similar to those at Heathrow.

Given the range, size and geographic spread of opportunities being presented, as well as funding needs and the operational impact on the group, the public market glaze is less than ideal. 'I think our future lies in private equity hands and this could be a real opportunity to grow the group in a private way. The stock market looks for instant results, whereas we need the money and the time to restructure.'

These revelations accompanied resilient calendar 2005 figures, with adjusted pre-tax profits moving 13.3% higher to £7.6m, on near 9% sales growth to £80.1m, allowing total dividends to climb 15% to 2.25p. This was another year of growth for consistent performer Watermark – a Growth Company Investor recommendation at 104p – in the face of surprisingly tricky pricing pressure.

Airlines in the developed markets are looking to squeeze suppliers off the back of cutthroat competition and the soaring oil price and, as a result, flat profits look likely this year. However, 'further positive growth' looks on the cards for '07 with more people than ever taking to the skies and Watermark's wide portfolio of services leaving it well placed to benefit, despite the squeeze on airline suppliers. With private equity predators circling, the shares remain a buy."