Work Service Share Discussion Threads

[kinwah] 21/7/2023 12:07

One possibility is the shares in ICH get distributed in specie to WSE shareholders in a liquidation. The holding in City Group has already been written off. You'd think it's just a question of getting all the ducks in a row now.

[topvest] 21/7/2023 11:40

Yes, definitely looks that way. Lets hope he liquidates the company / merges it with LFI rather than using as a cash shell. I suspect a liquidation is by far the cheapest option, although the two associated companies will need dealing with.

[russman] 20/7/2023 06:41

Marshall is liquidating.

[chrisdgb] 19/7/2023 12:44

Last block looks to have been sold this morning........what will happen now?

[chrisdgb] 19/7/2023 07:39

More Kinovo sold, more cash.........

[chrisdgb] 11/7/2023 09:32

Kinovo results out today look like positive progress, steadily leaving legacy issues behind.....

[chrisdgb] 06/7/2023 10:25

Thanks, the next set of results may give us some clues hopefully....

[topvest] 30/6/2023 20:10

A lack of trust.

[chrisdgb] 29/6/2023 11:07

Why does no one want to buy any shares..??

[topvest] 29/6/2023 10:08

It's starting to look like WSE might be liquidated at last. Management still haven't indicated that this is the case though, so can you trust them? Hopefully, they don't use it as a listed shell for a strategic investment. Anyway, well done to those that held as a return is looking closer. I still hold indirectly through LFI.

[chrisdgb] 29/6/2023 08:05

Why is this share 35p bid..?????

[chrisdgb] 29/6/2023 07:51

Well RNS now highlights 72p in cash/short term gilts.....clearly the wrong price

[chrisdgb] 22/6/2023 14:26

Everybody always trying to find the next big thing, well 5% interest rates now and this baby has 64.6p per share in net cash, live NAV over 80p...you are welcome.

[chrisdgb] 05/6/2023 15:37

Flurry of trades in LFI today.....

[coolen] 01/6/2023 11:42

Maybe at the next AGM someone might ask the reason why the Marshalls are not merging the two companies. The obvious cost-saving has been staring them in the face for decades.

[chrisdgb] 01/6/2023 10:23

In danger of talking to myself but anyone have any thoughts what the corporate action might be here.......cash handed back or takeover by LFI..?

[chrisdgb] 26/5/2023 09:50

You now have to pay 54p.........remember cash is 64.6p per share.....

[chrisdgb] 17/5/2023 08:27

Live NAV probably hovering above 85p per share..........

[chrisdgb] 17/5/2023 08:09

Nice Kinovo update.......

[chrisdgb] 15/5/2023 15:00

Bit of volume today, looks like you have to pay the lofty heights of 47p.......end game close...???

[chrisdgb] 05/5/2023 11:05

In a crazy world, you can still buy this for 45p, cash over 60p and NAV 80p.....go figure......

[chrisdgb] 24/4/2023 10:08

Well, the bid for Sureserve has sparked interest in Kinovo......should help NAV....

[chrisdgb] 13/4/2023 10:01

Nice move back up in KINO today.....

[coolen] 03/4/2023 22:26

Perhaps worth noting two recent deals where a large investment house has absorbed a smaller trust: IN December, Jupiter took over the management of Rights & Issues Investment Trust, with a tender "cash exit" offer to existing holders.

Last week I see Chelverton announced a similar deal with The Investment Company PLC, also promising a partial "cash exit" alternative.

[chrisdgb] 03/4/2023 09:44

Yes, very interesting they sold all the global equity investments, what price would a cheeky bid come at 70p...????