Wensum Share Discussion Threads

[piano man] 14/6/2004 01:17

This stock has been "good value" for as long as I can remember. Any-one know of any grouth prospects to wet my appetite? Meanwhile I'm off to research brokers forcasts.

[hugepants] 11/6/2004 22:44

A lot of trades today. Cant really be bothered working out how much but it looks like more than 5% of the shares in issue. Director increasing stake relatively hugely and another institutuion (not a Mental one) also buying more shares. So things dont look all that bad overall

[hugepants] 09/6/2004 13:22

RNS today. Gartmore have upped their stake to 14% from 11.5% last month. Institutional buying is usually a good sign, providing of course they aren't the Mental Institutions.

[hugepants] 02/6/2004 12:09

"Wensum Corporate, based in Gatwick, designs and manages corporate clothing
projects for leading companies in the leisure, retail and financial services
sectors. Wensum Clothing, our men's tailoring business based in Norwich, manufactures own -label suits, mainly for premium menswear retailers in London."

Annual report is here;

This looks very good value given the profitability (to grow?), asset backing and huge 9% yield.

Market cap is 5.54M at current share price of 71p and 7.8M shares in issue

After tax profit of 560K which is eps of 7.2p (7.05p) on turnover of 14.1M (13.06M)
NTAV = 5.4M
Cash 1.5M
Net current assets = 3.5M
Freeholds worth 750K (last valued 1988)
No pension deficit.

The company is paying a stonking 6.2p dividend which they expect to maintain out of their strong positive cash flow. Thats a yield of 8.7%.

Outlook predicts growth for this year.

"In spite of the first-half difficulties, prospects for the full year are encouraging. The strong second-half performance expected from Wensum Corporate is likely to recoup any first-half shortfall, and group profits for the year should be comfortably ahead of 2003/4."

A director bought 40K at 83.75p last month (he did collect a 4.2p dividend though). Directors own about 35% of the company.

[roogog] 13/11/2003 14:29

hehe yeah noticed that, i remember trading then when the internet was in black and white :))

[sixpak] 13/11/2003 14:00

LOL is that the 1st of Jan 1970!!!!



Six

[roogog] 13/11/2003 13:51

am i the only person in the world who holds shares with these guys...