Watermark Global Share Discussion Threads

[bungeetrader] 01/10/2012 08:29

Well they were after share early on. You could have sold 25m with selftrade. Tried a dummy sell myself of 10m for 0.14p.
CuFeS2;
you choose to list everything as negative but what is what you say doesn't happen?
What if then do sell the MRI shares, the price doesn't drop, the coal briquetting is a success,etc.
We all know that this was all done so that it would look like a South African company would get an AMD contract so what's the problem?

[moreforus] 01/10/2012 08:26

yes js and a fair bit of envious bashing!!

great rns and great Q&A

[johnspain] 01/10/2012 08:22

morning, looks like I missed some fun Friday

[moreforus] 01/10/2012 08:21

there is life in the pond today

[cufes2] 01/10/2012 08:20

That would be the "2 wrong uns" who correctly called this and ANGM right when you have been buying and ramping them both from much higher prices . . .

[moreforus] 01/10/2012 08:16

morning WETTERS!

getting moist today

looks like we have a case here of 2 wrong uns defintely dont make a right!

[pwhite73] 01/10/2012 08:13

CuFeS2

Excellent post. I would also add that these double digit rises should be treated with extreme caution for they are designed to suck in real private investor money. The rises are not generated by real trades.

[cufes2] 01/10/2012 08:05

So ignoring the ramping by some individuals who bought WET at much higher prices . . . WET do have some cash . . . however, this WET/WUC/MRI relationship looks like smoke and mirrors with related party transactions and a common director IMHO . . . MRI offer to buy WUC . . . they offer cash and shares in MRI . . . WET accept the offer and immediately loan a significant chunk of cash back to MRI secured against further shares . . . MRI try to sell the shares but can only sell 25% of them . . . why have MRI failed to sell 75% of the shares . . . are SA investors wary of the AMD timescales . . . are they not convinced by the untried and untested coal briquetting project . . . is it the forecast loss for MRI for 2012/13 of £350k . . . MRI shares are listed on an inferior version of AIM on the South African stock market . . . they are illiquid and difficult to sell in size . . . if MRI do sell the shares WET may have a problem if there is significant selling and the share price drops as the WET NAV will drop too . . . WET have a problem if MRI can't sell the shares and the coal briquetting project proves unsuccessful or MRI have to raise more money . . . a significant proportion of the current NAV is risky and may not be realised IMHO . . .

[moreforus] 28/9/2012 18:42

At viv...look we have another winner....

27m welcome back....another 50% up and it'll 0.225

[27macca] 28/9/2012 18:13

Got just over 2M today, looks very undervalued after todays results.

Shame didnt stick with the ones I had at 0.1p a couple of weeks back,grrrrrr!

GL all.

[moreforus] 28/9/2012 17:14

Is it me or has the someone let the riff raffle in....

Advfn standards have certainly dropped lately

[cufes2] 28/9/2012 17:13

A fool like this . . .

moreforus - 15 Feb 2012 - 14:47:45 - 63288 of 152913
ossies

I;ve been buying WET over the last few weeks and have quite a lump

its cheap imho versus the real news that;s coming and has had appaling sentiment as people misunderstand the news

there will be news soon re the new company listing in SA on the JSE

I can see it hitting 0.40-0.50p over the next few weeks

imho my risk my choice

[moreforus] 28/9/2012 17:11

Highest volume ever....Monday should be...another day....

From LSE

colinmc1971
Posts: 268
Off Topic
Opinion: No Opinion
Price: 0.15
WETToday 16:48have played a blinder todayby putting out a strong RNS, yes M4 with nothing new there just confirmation of what you have been telling everyone for months, but also by displaying the answers to the questions which in there own right proved positive and has at last given us some indication of where this company is heading.

Well done to everybody that has got in at these levels, an absolute bargain.

[ertugrul] 28/9/2012 17:09

overall it was a very good day with massive volume

[moreforus] 28/9/2012 17:06

Oz...

The Company's net asset value is significantly greater than the Company's share price even without adjusting for the current market price of MRI (which would make the net asset value nearer to 0.4 pence per share

[moreforus] 28/9/2012 17:04

Well well well

Looks like someone has mate a complete fool of themselves again

I'm busy Monday....

Ozzie - the EPS is from a one of sale transaction of an asset...

The NAV in June was 0.33....

It's now close to 0.40...

Google MRI and JSE together and you'll see some info about their asset.

[cufes2] 28/9/2012 17:00

No, it's allegedly 0.4p now . . . but you need to look at the nature of the assets and whether or not their full value can be realised IMHO . . .

Induna123 - 28 Sep 2012 - 09:25:56 - 6322 of 6393

ertugrul. This was what I was talking about a couple of weeks ago. Even when they lay it out in simple terms, "we are worth 0.33p, we are worth 0.40p" the market simply doesn't believe it. The problem is the deal with MRI. It just stank. That's why dawsonpaul sold, and he was along term supporter for this company. We were hoping for the SA govt to announce tenders for the AMD issue but as Pwhite pointed out, this would probably never happen. Instead we sold the company to a delisted stock on SA's equivalent to AIM. The value they talk about is only linked to how MRI performs. If they had sold the company for cash only then we would be trading at 0.3p but this current valuation is backed by MRI paper. What you have are folks who have been trapped here for months/years ready to get out.

[ozzmosiz] 28/9/2012 16:54

Ok have I got this right? The company has around 1.2 billion shares valued at 0.16p. So that values the company at £1.95 million?

Yet in the results:
Profit after tax to 30 June 2012 was £2,716,000 (half year profits).
and
Stated net asset value at 30 June 2012 was 0.33p per share

Undervalued. I'm buying some come Monday.

[cufes2] 28/9/2012 16:52

Why would they . . . the increase is down to the RNS today . . . some people believe it is undervalued based on what management have said about some illiquid shares they own on the SA stock exchange . . . unfortunately this is the same management that have destroyed shareholder value during the last 18 months . . . and most investors are probably still underwater anyway after all the averaging down here over the past year and given the liquidity and spread . . .

[peas_n_love] 28/9/2012 16:28

M4, a question for you as you know this sort of thing. Will WET need to issue an rns on Monday explaining the increase ( not sure what measure is used to trigger this )?

[moreforus] 28/9/2012 15:52

Lol that's what we've been trying to say!!!!Have a good read of the rns!

[ozzmosiz] 28/9/2012 15:25

Just read the RNS. Am I reading that right? Yet the share price is at 0.16?
It seems grossly undervalued with a share price of 0.16p