Western & Oriental Share Discussion Threads

[double6] 04/4/2011 10:43

Still some sizeable buys coming in on PLUS.

Are people throwing money away ??

Not over until ....

[qantas] 04/4/2011 08:03

FOC = free of charge
Another way to look at it why should shareholders get any money for a company that has lost money.

[qantas] 04/4/2011 07:35

All given away this week foc.

[ukmassy] 04/4/2011 00:54

Is this the week people make a bit of money or lose everything? Time will tell!

[sobers] 02/4/2011 10:55

Pavlos could probably put forward a convincing argument that he was enticed to invest without being given the full financial picture ,although he was given a special rate . The company urgently needed his investment this time last year to meet trade regulation comittments - so not so different to current position . Maybe this should have set off alarm bells all round . Having said that , he has turned the situation around to his own advantage , but that will not come as a surprise .

[qantas] 01/4/2011 12:02

W&O fears collapse if Furze deal fails.
Page 15

They got a great deal on such a nice brand nearly FOC

[qantas] 01/4/2011 11:38

W&O renews Atol and is confident of shareholder backing for sale


Friday, April 01, 2011


Rob Gill



Western & Oriental Travel has had its Atol licence renewed and is confident shareholders will approve its sale next week.

The tour operator is in the process of being sold to Furze International, the family trust of Raj Kumar, and the decision is expected to be approved at a meeting of W&O shareholders on April 7.

The new owner has promised to inject £4 million into the business once the sale is completed.

W&O Travel managing director Kerry Golds said she had canvassed major shareholders who had indicated they would vote in favour of the sale.

"Having canvassed many of the major shareholders, I'm confident that the sale will be approved," said Golds.

"We have also just received the renewal of our Atol which is obviously very good news for the future of the business.

"I want to reassure everybody in the trade that we are very financially stable and can move forwards with confidence.

"Once the sale is complete we will obviously look at the business as a whole. We are very committed to working with the trade."

Shareholders will also vote on a proposal to delist Western & Oriental from the London Stock Exchange. The company will become solely an events business when the sale of the tour operator is completed.

renews Atol and is confident of shareholder backing for sale&fromSearch=yes

[ucnut] 31/3/2011 22:55

Well if this wasn't an AIM listed company then it may well be deemed as theft. Never mind though as it seems as though the Government does it aka BB.

Double6 I also sent a mail to the company regarding PLUS listing. No bounce back as you mentioned and no reply which seems to sum up this "mob". Did you really receive a reply?

[patviera] 31/3/2011 22:40

events only just profitable says stmnt so not sure how you get 700g profit.
if this delists shareholders will get shafted as Pavlos will do as he pleases.
hes managed to leave shareholders with nothing by ousting board memebers and anyone who will get in his way.
Disgrace

[value viper] 31/3/2011 20:34

scandalous rip off by mgment misleading investors ; they shouldnt be able to get away with it but they will.

[ukmassy] 31/3/2011 11:32

Big sells this morning. Punters getting mugged by MM's.

[sobers] 30/3/2011 16:23

If we have to rely on WO for related RNS info might have to wait a while . Information not exactly their forte , what we get is almost forced out . We are all getting excited about a fraction of a penny up or down . As long as Pavlos remains nervous about AGM outcome he will look to buy at the lowest possible rate , get the feeling he is not as confident as last week , maybe he sees a dark knight riding over the horizon . If AGM doesnt go his way might be interesting .

[chrisdgb] 30/3/2011 14:01

Just remember profits were down last year at £700k at the Events....current mkt cap is £540k....

In the cold light of day, people would snap this up..

[double6] 30/3/2011 13:23

Await the RNS, then!

Then we just need the confirmation of considering listing on PLUS....

[ukmassy] 30/3/2011 13:03

Mister MD! LOL! No it isn't. I have a half a Million at .18 that I bought last week. I just was asking opinions as to wether I will ever get out breaking even at least!

[sobers] 30/3/2011 12:41

Could be two schools of thought on this . One Its Pavlos buying up shares to stengthen his position on the 7th , or maybe one of the Inst . Investors taking more just to prevent delisting and/ or the selling of travel .
I think if you had said to Pavlos a year ago he could have bought the Events side ( his only interest ) for £1.5m he would have snapped your hand off , so hoovering up extra shares at a fraction of their value would not be a concern to him , but that would be acting maybe in the interests of O.C rather than WO shareholders . Ethical -probably not .
Would be reassuring if it was one of the Inst. Investors making a stand against being shafted .
Whatever happens , WO is a discredited company in so many eyes .

[h d shoring] 30/3/2011 12:23

Things may become clearer IF, IF we get rns on change of holdings .

[h d shoring] 30/3/2011 12:15

Not while peeps let them go at .1p.
I would rather donate mine to charity or carry out a ceremonial burning.
Cant see the big holders wanting to take a hit from above 1p to .1p so what is their long term strategy ??Only way for me to find out is to hold on .

[mister md] 30/3/2011 12:15

UkMassy - is your T-trade nearing close time ? ;)

[ukmassy] 30/3/2011 12:10

Daylight robbery! HD, do you think well have a bounce soon?

[h d shoring] 30/3/2011 12:00

See another punter just been mugged for .1p for their 550k .

[ukmassy] 30/3/2011 11:43

Can sell my entire holding now. What a surprise! When the price goes up, I struggle to sell 50,000!

[h d shoring] 30/3/2011 11:18

Maybe someone needs to buy to be confident of carrying the vote ?If by dropping the price mms are seeking sellers they may just struggle .