Watermark Share Discussion Threads

[sks999] 01/10/2007 23:03

directorate change today so not everbody keeping the faith!

[spaceparallax] 01/10/2007 16:38

omalaha,

Unfortunately, the leap of faith is not supported by solid evidence wrt to past delivery by the Management.

[omalaha] 01/10/2007 12:47

well, someone has to buy some!...niaeve or shrewd?

[run rabbit] 28/9/2007 13:03

RNS Number:7164E
Watermark Group PLC
28 September 2007


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

Watermark Group plc....................................

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in
accordance with section 324 (as extended by section 328) of the Companies Act
1985; or (iii) both (i) and (ii)

DR 3.1.4R(1)(a)....................................

3. Name of person discharging managerial responsibilities/director

Graham Bird....................................

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

See 3 above....................................

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

n/a....................................

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ord 1p....................................

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

....................................

8 State the nature of the transaction

Purchase of shares....................................

9. Number of shares, debentures or financial instruments relating to shares
acquired

75,000....................................

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

0.16%....................................

11. Number of shares, debentures or financial instruments relating to shares
disposed

....................................

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

....................................

13. Price per share or value of transaction

13.5p....................................

14. Date and place of transaction

27 Sept 2007; UK....................................

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

75,000 shares (0.16%)....................................

16. Date issuer informed of transaction

27 Sept 2007....................................

23. Any additional information

....................................

24. Name of contact and telephone number for queries

Peter Fitzwilliam, Telephone No: 0208 606 2071

Name and signature of duly authorised officer of issuer responsible for making
notification

....................................

Date of notification

27 Sept 2007....................................

END

[omalaha] 27/9/2007 12:25

if you can make the leap of faith to trust the management then this looks a decent long term punt at 10-12p

[spaceparallax] 24/9/2007 10:13

I wish you luck Rabbit.

[run rabbit] 23/9/2007 21:41

I agree that at £1 plus they were a risky trade however now at this price it could be worth buying a few for a recovery.The preverbial is out in the open now so hopefully a move forward from this new low

[spaceparallax] 21/9/2007 11:03

I exited WMK at C.110p, at a small loss, because I became frustrated with the management's apparent tendency to issue misleading status reports or forecasts that were subsequently proved wrong - for me this ruined their credibility and I got out. Sadly, for those remaining, nothing seems to have changed.

[hmt] 19/9/2007 22:34

Run Rabbit....I agree a definate Recovery stock!!...few trades can move this North!!

[ideal420] 19/9/2007 21:20

Run Rabbit, I applaud your one man ramping opperation :)

It may take some time, but should be quite positive.

[run rabbit] 18/9/2007 22:33

Could be a great buying opportunity tomorrow with the markets rising as they are.

[run rabbit] 18/9/2007 14:53

Up a touch today and a very narrow spread.I think this is particularily undervalued and worth an investment.

[run rabbit] 14/9/2007 15:49

So someone picked up 250K.Quite sizeable considering recent activity.

[run rabbit] 14/9/2007 15:04

Turning positive again.

[run rabbit] 10/9/2007 13:32

Well dropping again and no explanation as yet.

[run rabbit] 06/9/2007 23:03

This does not equate if the 232K X 2 was a rollover.

[run rabbit] 03/9/2007 16:03

Having to pay 20.9 so probably one good purchase will move this higher.

[run rabbit] 03/9/2007 11:57

Couple more buys reported but no significant volume as yet.When it does then we should realise some serious gains.

[run rabbit] 03/9/2007 10:31

Buys trickling through again and bid has moved up slightly on PLUS today to match that of the LSE quote.

[run rabbit] 02/9/2007 23:59

Here is an interesting news items:

New meal box for Saudi


I would think that there are many new instances which have not been picked up on which will certainly add to the companies turnover.

[infoblast] 02/9/2007 23:23

From a previous post and figures do seem about right

Whether there is value here will depend on future trading. The company has a turnover approaching £100M. If it can make 5% and attract a P/E of 10 then its value will be £35M. Divide by diluted shares (post conversion) of 107M gives a share price of 33p. If they can make 10% and attract a P/E of 12 then its 78p.

Also from ADVFNs Financials page;

Net Tangible Asset Value PS * 12.23
Net Asset Value PS 87.17

[run rabbit] 02/9/2007 13:44

Well noticed a few late buys reported on the trades page from Friday which should set things up for a nice move when we resume trading tomorrow.Not much talk about the 18M contract with Air Canada and a few more like that will see this back into the 50p region.

This snippet,from the last results,show what the group has been able to achieve

Financial Highlights

* Turnover up 17.3% to #93.96 million (2005: #80.09 million)

* Services division's revenue increases to #60.09 million (2005: #43.83
million)

* Improvement in gross margin to 38.68%, despite negative impact of
weaker US Dollar

* Significant exceptional restructuring costs incurred and bad debt provisions

* Pre-exceptional profits before tax are #1.99 million in line with
expectations (2005: #6.34 million)

Refinancing

* Underwritten placing and offer of #8 million secured fixed rate convertible
bonds to reduce and restructure debt and support growth, subject to EGM
approval

* New banking facilities, comprising #6.5m two year term loan and #1.5m
overdraft

Operational Highlights

* Acquisition of ICL from Japan Airlines Corporation in April 2006

* ICL successfully relocated to the Encompass Centre, Heathrow

* Air New Zealand catering contract commenced in August 2006

* Supply chain management contract secured with Air Canada, confirmed
in February 2007


I do not forsee this going up in a straight line but with confirmation of the turnaround in the interims a significant rise in the share price is certainly bound to be on the cards.