Wellington Hds. Share Discussion Threads

[waldron] 01/8/2015 10:31

First half 2015 results

H1 results well in line with full year objectives

Revenue: € 595 million, up +4.1%
OMDA: € 109 million, 18.3% of revenue and up +56 bp
Free cash flow: € 64 million, +11.8%;
Net income: € 49 million, +6.8%

All 2015 objectives confirmed

Bezons, July 28th, 2015 – Worldline [Euronext: WLN], European leader and a global player in the payments and transactional services industry, today announced its 2015 first half results.

Gilles Grapinet, CEO at Worldline said: “Worldline reports today results for the first half 2015 fully in line with its full year ambition for revenue, margin and free cash flow. I was particularly pleased to see the successful market development of our latest payment innovations, notably in trusted authentication, retailers’ payment wallet and mobile technologies in general. In parallel, our transformation program TEAM is on track to deliver the targeted operational improvements. One year after the IPO, we can concretely measure all the benefits of being a listed company in terms of brand visibility, talent attraction, commercial development and credibility in the execution of our European consolidation strategy.”

[waldron] 19/2/2015 19:32

Financial Agenda

Results for the first semester 2015
July 28, 2015
Revenue for the first quarter 2015
April 21, 2015

[waldron] 19/2/2015 15:42

Major Dutch banks choose Worldline to manage Sepa eMandate services and iDEAL transactions
5 hours ago | 610 views | 0 Source: Worldline

Worldline [Euronext:WLN], European leader in the payments and transactional services industry, today announced that it has signed two contracts with major Dutch banks.

One new contract is to manage the new eMandate services for SEPA Direct Debit proposed by Betaalvereniging Nederland (BVN) and one is to manage SEPA Credit Transfer proposed by iDEAL, the most popular payment means in the Netherlands.

These two new contracts mean that Worldline is now the leading processor of non-card transactions online in the Netherlands. Its successful track record of processing iDEAL transactions combined with its new emandate service positions Worldline perfectly to extend its epayment services across Europe, enabling consumers to easily and securely pay by phone, tablet or PC.

Wolf Kunisch, Head of the Global Business Line Financial Processing & Software Licensing and Managing Director of Germany & CEE at Worldline said: "Our solutions help to offer merchants and consumers easy and secure ways to pay in this new digital age in compliance with SEPA regulations. We are delighted to have been awarded these two contracts which are testament to the expertise of our teams and the strength and quality of our SEPA solutions. These two wins consolidate our position as the European leader in e-payments and are a clear signal from our customers that we are the leading iDEAL acquiring partner. We are looking forward to further extending our Online Banking ePayment portfolio in the next few years by offering additional services including e-Identity and e-Invoice.

The Worldline eMandate solution is based on the EPC Rulebooks. Consumers give consent via their bank's on-line portal, which means they can remain in their safe online banking environment. For the creditor, they can be sure that the account is open and that consent has been properly given. The eMandate developed for the Dutch banks as promoted by BVN is fully compliant with SEPA Direct Debit regulations and it enables consumers to pay online with PC, tablet or mobile phone.

In 2014, Worldline processed all 220 million SEPA Credit Transfers in iDEAL scheme. With the introduction of eMandate in Dutch market, SEPA Direct Debit for online transactions will rapidly grow also.

[waldron] 19/2/2015 15:30

How will we pay!
Payments: A market in transformation

Fundamental changes are now transforming all aspects of the world of payment, from the very nature of currencies to new concepts of payment and the technologies that are used for authentication and consent.

The model of money and payments that has endured for thousands of years may soon be radically redefined, with dramatic implications for governments and banks that fail to embrace the changes as well as for the relationship between merchants and their customers.

These developments will challenge the business models of merchants and banks and will present agile operators with a unique opportunity to create value and build deeper and longer lasting relationships with their customers.

In this update to How will we pay? Welcome to the payments revolution, Worldline answers the 10 questions on everyone’s lips about the future of payments.

Download this report today to find out the answers to:

Why are means of payment changing so fast?
What are the prospects for a cashless society?
Can we envisage a card-less society in Europe or the US?
Can payments become invisible in the payments journey?

.. and much more


“The question for the payments industry is, what strategic steps should companies take to ride the inevitable wave of change that is approaching the sector?”

[soysoy] 23/4/2005 08:15

might as well change threads

[philjeans] 22/4/2005 14:16

I think Fenner have got our great little business on the cheap! Problem is the institution involved has said Yes TO THE FIRST BLOODY PRICE OFFERED! - It's an outrageous disgrace but it's all over already.

Take the cash - buy Fenner later.

[theoriginalface] 21/4/2005 09:29

no i don't think so

[schober] 21/4/2005 09:28

lookss like a done deal; any views on fenner? notice their price is slipping -129p; could it drop to 120 or even 100 eventually?

[petoil] 20/4/2005 14:24

Ex divi today 4.6p.Its a merger really but I am going to take the cash.Was hoping a white knight would arrive with a counter bid.

[soysoy] 19/4/2005 20:13

what do you think off the offer

[philjeans] 30/3/2005 19:09

Great results as anticipated, both by co and here (see above).

But still can't see why the directors are even considering a bid at 185p; interim results alone justified that figure - finals suggest 250p min!

Come on directors; you've worked wonders to get this much value - future looks very rosy; now do the right thing for your shareholders and extract MAXIMUM value if you're gonna sell the family silver please.

[soysoy] 30/3/2005 07:39

RNS Number:2985K
Wellington Holdings PLC
30 March 2005


For Immediate Release 30 March, 2005

WELLINGTON HOLDINGS PLC
Preliminary Results for the year ended 31 December, 2004
Sales up 9.4%;Operating Profit up 31.9%*;


Wellington Holdings plc., the manufacturer and distributor of specialist polymer
seals for engineering and industrial applications worldwide, today announces
preliminary results for the year ended 31st December 2004. Results show an
increase in turnover and operating profits,*whilst margins are at a record
14.8%.

Commenting on the Group's performance, Chairman, Brian Kent said: -

"We achieved excellent growth in virtually all our market segments, and this,
together with tight control of costs,has produced an impressive 32% increase in
operating profits."

Financial Highlights

2004 2003

Turnover #34m #31m
Operating Profit* #5m #3.8m
Profit before Tax #5.1m #1.9m
Earnings per share* 12.5p 9.6p
Dividend per share 7.0p 6.5p
Interest cover* 9.0x 5.6x
Margins at a record 14.8%*

Operating highlights:

1. Earnings per share* up 30%

2. Sales growth throughout our key market segments

3. Operating profit up 32%*

4. Gearing reduced from 113% to 25%

5. Completion of sale of Hampton site for #6.5m

* Before goodwill amortisation ,exceptional items and profit on sale of
property.

Commenting on the outlook, Mr. Kent added:

"The good order input of last year has continued into this new year and the
trading is on plan for the year to date. Assuming a continued strong energy
sector throughout the whole year, together with the implementation of our
present plans,this will lead to another year of satisfactory growth under the
leadership of our new Chief Executive Officer,Mr David Jones,appointed in
November 2004."

For Further information contact:
Brian Kent, Chairman 020 8941 3774
David Jones, Group Chief Executive 020 8941 3774
Philip Brady, BDO 020 8941 3774

or visit the Wellington website: - www.wellingtonholdings.com

Chairman's Statement

In 2004, we achieved excellent growth in virtually all our market segments
resulting in a 9.4% overall gain in sales to #33.9m (2003: #31m).

This, together with tight control of costs, has produced an impressive 32%
growth in operating profit to #5.0m before goodwill amortisation, exceptional
items and profit on sale of property. The sales and profit figures have taken
account of adverse currency movements, principally the US dollar, which have had
the effect of reducing them respectively by #2.0m and #0.3m.

Margins improved to a record 14.7% (12.2%) as operational gearing was enhanced
by the achievement of higher output levels in our plants.

In November we successfully completed the sale of our Hampton site for #6.5m
(book value #4.6m) which, after transaction costs and other pre-project costs
for our coming new development, led to a one-off net additional profit of #1.6m
and a #0.75m contribution to the profits.

Therefore, profit before tax showed a substantial rise to #5.1m from last year
of #1.9m.

As a result, E.P.S., before goodwill, exceptional items and profit on sale of
property, rose by 30% to 12.46p (9.57p) whilst basic earnings per share moved
from 5.84p in 2003 to 16.17p.

Markets

Our involvement in global energy markets, through our seals for oil and gas
wells, together with our special seals for longwall mining, has been a key
driver for increased volumes into our factories both in the USA and UK and
accounts for 31% of sales.

Volumes have been further enhanced by a strong market for construction and
off-highway vehicles which contributed 25% of our sales.
Finally, the automation market, accounting for 44% of sales, also performed
strongly as demand for hydraulic seals (the muscles of industry) grew during the
year, particularly in Germany and Australia.

We therefore experienced an excellent product mix in expanding markets which
confirmed our standing as a global supplier of key components to very demanding
applications.


Financial

Capital expenditure at #1.3m was slightly down on depreciation reflecting the
forthcoming Hampton site redevelopment and the increased capacity of recent
years.

The sale of the UK Hampton site transformed our borrowings and the net debt
position fell from #9.6m to #2.6m at the year end. Gearing is now a very modest
25% (113%). Interest cover is now 9x (5.6 last year) and operating cash flows
continue positive.

During 2005 and 2006, as previously announced, we are committed to expenditure
of the order of #3.5m on the new factory development. However, we do not expect
gearing to exceed 50% on completion of the project in early 2006.

International Accounting Standards

The Board has reviewed the potential impact of international accounting
standards on the Group's financial statements and at this stage does not
anticipate any material differences.

New Development

This project will transform our very old, inefficient network of buildings at
Hampton into a single, modern, high-efficiency factory and offices during this
year, 2005. After an initial rent-free year, the annual rental of our new
factory (fixed for 5 years) will be #590k which we expect to be more than
recovered by our lower interest costs and obvious efficiency savings in the new
streamlined layouts.

The new factory and offices will occupy 88,000 square feet compared with 130,000
square feet now and will be laid out to optimise material flows and high
productivity. Clearance of the site to be developed is almost complete and the
new build will begin in the next month.

Corporate Governance

The changing role of Chris Wilkins, after his 2 years excellent and vital role
of CEO, to that of 'non-executive mentor' to David Jones will further strengthen
the continuity of leadership at this critical time in the company's development.

The Board has three non-executive directors having over 10 years' service and
technically they do not therefore meet the requirements of the new code. It is
our intention in the coming year to review these appointments and, in some
cases, seek replacements.

The effectiveness and knowledge of the present board are high and we will be
reluctant to implement too rapid a change simply for purposes of code adherence.

Pension Fund

We have addressed the issue of the Pension Fund deficit, in co-operation with
the Scheme Trustees, in the already closed defined benefit section and managed
to reduce the FRS 17 deficit by #1.0m from #2.9m (after deferred tax credits) to
#1.9m now.

A significant part of this reduction has been obtained by buying out some 18% of
our deferred pensioners, who have now transferred to other schemes, thereby
removing both the mortality and investment risk of these.

Our total annual contribution paid into the two UK pension schemes is #437k and
the number of members in the UK is 150.

Dividend

The Board has decided to recommend an increased dividend of 4.6p per share to be
paid on 31 May 2005 to shareholders on the register at close of business on 22
April 2005, making 7.0p for the year (2003: 6.5p).

Employees

We have a strong, lean, management team worldwide many of whom have long service
within the Group, and other more recent appointments bring new talent and
industry experience to our business. We are grateful for their present and
future efforts and excellent performance.

Without the involvement of all our employees worldwide, these outstanding
results would not be possible and we continue to appreciate their commitment to
meeting the challenges before them in an ever-changing world.

Future

The good order input of last year has continued into this new year and the
trading is on plan for the year to date.

Assuming a continued strong energy sector throughout the whole year, together
with the implementation of our present plans, this will lead to another year of
satisfactory growth under the leadership of our new Chief Executive Officer, Mr.
David Jones, appointed in November 2004.

Preliminary Offer

As announced in our press release on 14 March 2005, we are in an offer period
which may or may not lead to the purchase of the company at a price in the range
of 180p - 185p per share.

Shareholders and customers may rest assured we are continuing with our key
projects as planned and all members of the management team are committed to the
business plan for 2005.

[soysoy] 20/3/2005 10:20

i agrea WELLINGTON HOLDINGS PLC

Announcement of 2004 Preliminary Results

Wellington Holdings plc, the manufacturer and distributor of specialist polymer
seals for engineering and industrial applications, will announce preliminary
results for the year ended 31 December, 2004 on Wednesday 30 March, 2005.

An analysts meeting to discuss the Group's results and future outlook will be
held at 9.30am on that day at the London Capital Club, 15, Abchurch Lane, EC4N
7BW.

should find out then

[philjeans] 20/3/2005 08:54

Hope we get more than 185p - that's a steal for this booming little co., benefiting hugely from the continuing higher oil price, among many other keen markets.

Somebody wants this on the cheap!

Don't give it away please directors.

[shirishg] 14/3/2005 17:15

Post removed by ADVFN

[soysoy] 14/3/2005 16:54

Wellington Holdings plc ("Wellington" or "the Company")

Preliminary discussions regarding a possible offer for the Company

14 March 2005 for immediate release

Having noted the recent rise in the Company's share price, the Board of
Wellington announces that the Company has received an approach and is now in
discussions with regard to a possible offer for the entire issued share capital
of the Company in the range of 180p to 185p per share.

First Britannia Mezzanine NV, which holds 29 per cent of the issued share
capital of Wellington, has indicated that it would accept a formal offer in this
range.

These discussions are at an early stage and there can be no certainty that they
will lead to a recommended offer for the entire issued share capital of
Wellington.

Shareholders will be kept informed of further developments.

Pursuant to Rule 2.10 of the City Code on Takeovers and Mergers, Wellington
announces that it has 23,861,946 ordinary shares in issue

[soysoy] 14/3/2005 16:53

seemscheap

[soysoy] 14/3/2005 16:51

LONDON (AFX) - Wellington Holdings PLC said it has recieved an offer
approach is now in discussions with regard to a possible bid for the company in
the range of 180p to 185p per share.
First Britannia Mezzanine NV, which holds 29 pct of the issued share
capital of Wellington, has indicated that it would accept a formal offer in this
range, Wellington said, adding that the discussions are still at an early stage.
tc

[soysoy] 09/3/2005 08:26

WELLINGTON HOLDINGS PLC

Announcement of 2004 Preliminary Results

Wellington Holdings plc, the manufacturer and distributor of specialist polymer
seals for engineering and industrial applications, will announce preliminary
results for the year ended 31 December, 2004 on Wednesday 30 March, 2005.

An analysts meeting to discuss the Group's results and future outlook will be
held at 9.30am on that day at the London Capital Club, 15, Abchurch Lane, EC4N
7BW.

For further information

[soysoy] 19/2/2005 08:04

i came in 170p

[philjeans] 09/2/2005 18:38

Looks as if results will, indeed, bring a Bumper Bundle!

All time high breached today and chart suggests next stop at 210p.

Still time to get on board...........but not for much longer.

[schober] 27/1/2005 08:19

27 January, 2005

Board Changes and Trading Update

..................TRADING UPATE

Wellington Holdings plc is also pleased to announce that the 2004 financial year
has closed on a buoyant note and it is expected that Group results for the year
ended 31 December 2004 will be at the upper end of market estimates. The Board
expects to announce the preliminary results of the Company for the year ended 31
December 2004 on 30 March 2005.

Further, 2005 has started equally well and we expect at this stage to achieve
another year of growth...........................




now whats the forecast?