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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Journey Grp | LSE:WMK | London | Ordinary Share | GB0009422097 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.13 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.13 | GBX |
Watermark (WMK) Share Charts1 Year Watermark Chart |
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1 Month Watermark Chart |
Intraday Watermark Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/9/2008 | 11:20 | *** Watermark Group *** | 132 |
| 08/4/2008 | 13:24 | Watermark - "The Recovery" HSBC up holding to 16% | 70 |
| 09/2/2007 | 15:06 | Watermark - One Stop Shop for Airlines | 1,511 |
| 02/2/2007 | 15:56 | Watermark heading for 20p | 40 |
| 29/7/2006 | 14:20 | New Date! WMK's CEO John Caulcutt - Wed 12th May, 11am | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 28/8/2008 13:11 by run rabbit Well who would have ever believed poor old WMK would have been trading at this level.It's been moving higher last couple of days and as people have mentioned it does look cheap. |
Posted at 21/5/2008 07:35 by churchtower Gelp - like many other deals it went through on Plus Trades (www.plusmarketsgrou |
Posted at 11/4/2008 09:43 by run rabbit Base formed at 7.5 after recent funding.Company now needs to prove it's worth.If that happens then expect a good recovery from these lows.Market did a great job walking the price down to the funding level.Only saving grace is that the shares are not in the market but being held by investors hopefully looking for a return from these levels. |
Posted at 01/4/2008 20:39 by cockneyrebel price of the funding imo. Looks like those in that have had a great time at the shareholder's expense. Dare say in this market the company bent over and took it. At least the co has a future now - and big orders - needs some news out there now to get the shareprice up.Some decent results hopefully. CR |
Posted at 03/11/2007 22:02 by run rabbit Well I was going to have a browse over the website tonight (Can't watch X-Factor) but they are revamping it.Wonder if they can do the same with the share price. |
Posted at 28/9/2007 12:03 by run rabbit RNS Number:7164EWatermark 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/dir Graham Bird................ 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/dir 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 |
Posted at 02/9/2007 22:23 by infoblast From a previous post and figures do seem about rightWhether 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 |
Posted at 02/9/2007 12:44 by run rabbit 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. |
Posted at 01/5/2007 14:54 by stemis All our holdings are small, now!The bond issue is basically a deep discounted placing in drag for institutions. Bond holders will receive 62,598,450 shares in 2010 for putting up £8M now. That's 12.8p per share (with the added security of a second charge until 2010). They've managed to exclude small PI's by setting a £35,000 minimum. Existing shareholders will end up with just 41.6% of the company. Even the advisors have taken their cut with £1.2M of the £8M convertible funds going to them. The initial feeling is one of having been stuffed. However the question is whether its all in the price. 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. What the refinancing has done is remove the uncertainty over the survival of the company and got the bank off its back, which is why the price is moving upwards. Its all about delivery from here on in. Previous management have paid the price with their jobs (although no doubt will be well compensated). New management will probably get a raft of options at around the current price. |
Posted at 22/4/2006 14:26 by rivaldo From Charles Stanley's web site - the JAL deal is adjudged a winner:"Watermark Group Share Price: 123.5p Market Cap: £54.8m (WMK.L) We last wrote on WMK on 10 April when we gave a no recommendation opinion at 124.5p, because we considered that there was unquantifiable upside if a bid materialised and downside if it did not. Following the announcement of the acquisition of the catering business from JAL, we consider that the downside risk has been significantly reduced and the possibility of a bid at a reasonable premium to the current share price has increased. We have therefore changed our recommendation to Hold. Although our opinion is Hold, speculative trading clients might consider purchasing the shares. Acquisition WMK's subsidiary Air Fayre (AF) has acquired ICL the in-flight catering subsidiary of Japan Airlines International (JAL) for a consideration of only £1! As part of the agreement, WMK has, in addition, paid the proceeds of a sales an lease back of the freehold property less some adjustments to JAL, which we understand accounted for most of net assets. This will leave the Group with some net assets from the transaction which will be accounted as negative goodwill. ICL has some 11 customers of which JAL, Singapore Airlines and Thai Airways were the largest. ICL reported a small loss for the year to December 2005 on sales of £19m. The business model is likely to be changed to that of AF. AF is in reality a logistics operation. It has a substantial facility including cold storage at Heston, close to Heathrow. It outsources food preparation to major supermarket suppliers. This is then delivered to its facility for distribution to the aircraft of its clients. By using this model (against owning its own kitchens), it can cut costs to its clients and make a decent return on sales. AF has considerable spare capacity at Heston and it is possible, but not yet decided, that the ICL business could be moved there. We expect considerable reorganisation to take place and therefore there may be further exceptional costs this year. However there should be a substantial contribution in 2007. If we assume that AF can earn a net PBT margin of 8%, then the new business would add £1.5m to 2007 profits, equivalent to fully taxed and diluted EPS of marginally over 2p per share. That, assuming no change in other underlying profits, would raise clean 2007 EPS to around 13.5p per share. It is for that reason, that we consider the downside risk, if the putative bid were not to arise, has been reduced. We also consider that the possibility of a bid above the current share price has increased as potential private equity buyers will have now seen that at least one major airline has been willing to enter into this type of transaction. In our last comment, we gave various target prices based on EBITDA multiples. If we assume that this contract will add £1.5m to profits and that an EBITDA multiple of 5 is applied then the increase in the equity value would be £7.5m or over 15p per share. We have used 5 compared with previous multiples of 7, 8 and 9 as the additional profit applies to next year and should be discounted. The adjusted share value on multiples of 7, 8 and 9 could now be 125p, 143p and 161p respectively. But there is no guarantee that a bid will arise, or at what level. Those numbers are given for illustrative purposes only." |
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