Westside Acquisitions Share Discussion Threads

[highland drovers] 16/1/2002 18:52

Had a look at SPE. Looks like a company making a lot of changes, makes their last financial statement worthless. Good points would be the taking of options, the increase in shareholding my 3i not to mention a few recommendations. The chart is also on a slight upward trend, however it is also almost horizontal. The previous trend was down and it seems to have hit a support level at 27p. I would personally sit and watch this one for the moment. Don't know enough about the company to do anything else.

If you are looking for a good tip, I would suggest one of the following:

NSB - some large trade recently and sitting on a solid support level. Assets are about 5 or 6 times current share price and was hit hard by Sept 11. If US recover continues this one could return to about its asset value.

ERT - Great looking chart on this one, in the midst of forming an inverse head and shoulders formation. Waiting to see how the volume pans out nearer the end of the second shoulder before taking the plunge, if funds permit.

INX - Recently reversed into a profitable company and looking very under valued, worth watching this one.

[highland drovers] 16/1/2002 18:22

I was advised to buy this share at just above 20p, but decided that EPF was a better bet. Just my luck, it fell further than WST, LOL. These things happen and you have to take the rough with the smooth.

I have only just discovered charting due to a friend of mine getting me interested. I have still got a lot to learn before basing investment decisions on charting alone, and in fact I would never invest without looking at the fundementals of a company. I am an accountant by trade and figures are what I love, that and making money.

The reason, for thinking this one would be a good investment now is because the current share price is about half the current value of WST. The cashburn rate is also low enough to allow this company to continue to bumble along for a while without having any cashflow problems. Almost 5p a share, current price 3.5p a share. When you add the investments and the rest your looking at 6.8p a share. If this one wound up this year, you could expect at least 5.5p or 6p a share. Also, if by some miracle the management somehow manage to make a profit over a year or a six month period, this share will be rerated to nearer the asset value. The most likely thing to happen IMO is that someone comes along and swallows this company up, probably some private enterprise looking for a share listing and taking this one because of the cash value and the fact that the shareholders have no faith in the management. Makes it much easier to take a company over in this type of situation.

[theprotest] 27/12/2001 17:40

Drover, were you advised to buy in at 20p or was it your own decision. im even more intrigued as to why you want to buy in now? do you work solely on charts? I was going to sell out at 24p but was advised by my broker, who advised me in the first place, to hold off. he needs a good kick in the rollocks but luckily i only invested what i could afford to lose at the time - im just disappointed there doesnt seem to be much news from the company, what are the plans, why no buys, are they still focused or re-focusing? I dont know, im not the type to ramp or deramp but i am definately disappointed with this companies lack of action.. Look forward to your comments. And wont be selling the shares unless they go back to 10p+.. good luck for the new year.
p.s. alsfar gave a good tip a while ago .... spe.. would be interested in your opinions on the charts. thanks

[highland drovers] 21/12/2001 15:59

Still got them theprotest, I'm interested. Very interested. But the 10p price is too high how about 3.5p?

Any view on the company though, other than to want to sell your shares.

[theprotest] 21/12/2001 13:05

Tell you what i will do for you Drover,and i wouldnt do this for anyone!!I'll sell you 10000 at 10p each but throw in a full set of macgregor tourney (top of the range) golf clubs and Titliest driver for foc... let me know as im certain there will be an orderly queue forming............

[theprotest] 07/12/2001 14:03

Cheers alsfar, much appreciated.

[alsfar] 06/12/2001 13:41

theprotest - Merger/Takeover is 8 SPE shares for 9 ORB shares.
You can read the terms in the SPE RNS releases. ORB brings
with it a wad of cash. There a writeup by a guy on the
Fillyaboots site. Go to
On the home page, look for an item on SPE dated 29/11/01.

[theprotest] 05/12/2001 15:59

I apologise first for my laziness alsfar as i couldnt be bothered at this minute to do my own research but how is spe going to pay for the takeover/purchase of this company......with cash or shares or shares owed.. I suppose i want to know will there be a dilution of shares on January 16th.. thanks, pro.

[alsfar] 05/12/2001 11:00

I held these once. Got totally frustrated, sold and took my loss. It seemed pretty obvious then and still does, that the guys who run this company are completely useless. It is not them biding their time, waiting for the right opportunity, rather that nobody really wants anything to do with them. That is why they always end up making completely uninspiring acquisitions.

Their basic plan, was they they would bring their experienced management into acquired companies. Can you not sense the eyes rolling across the boardroom table as these cowboys try to woe their victims?

There are many long shots in the market, but I reckon this is one of the longest. Personnally I would sell, put my money on another and hope I get luckier there. Still some recovery plays around. Take a look at SPE, VET, DFX to name but 3. Any of those could be a multi bagger. I'm not saying they will be. But I am saying, that WST almost certainly won't be.

As ever, investment advice not intended, DYOR.

[theprotest] 05/12/2001 10:35

I've calmed down......lol... largely due to these posts. I too bought back in January at 10 p but was advised not to sell at 25p as my broker thought there was plenty more to come!!!. If only i knew it was a come down he was thinking about... but i suppose as 2 of my other companies are currently suspended and the small fortune i have lost in those totally belittles what i have in Westside then i will be patient... but its still frustrating when there is no feed back from the company!!... Holding and waiting...... good luck..

[crash9] 04/12/2001 22:14

thanx for the reasurance!!!!! im holding at 10p i was in at the start kicking my self now!!! sure theres a lession to be learnt there!

[theprotest] 28/11/2001 11:33

Can anyone tell me just how profitable 5 a side footie can be......Surely punters paying to enter a mini league cant cost the company the millions they got when they entered the market two bloody years ago!!!! And what about the investment in T2 training????? NO news is poor news no matter how safe the company think they are playing it.... If they dont start making some investments the money will dry up on staff wages,,,, its nice to know my investment has kept someone in a job for a few years though..... aaahhhh i feel better already, think i'll go for Prime Minister next year if MrBlair doesnt come looking for my investment, job making skills first.....

[moves] 27/11/2001 20:44

Holding @ 21p?

Ouch!

It'll be a cold day in hell before you see that again I'm afraid.

[zapdos] 27/11/2001 20:32

Dead isn't the word.

You get the odd biggish trade now and again, but most days nothing.

Holding at 21p.

D.

[crash9] 27/11/2001 19:06

Does anyone know wats happening with westside acq, since there launch 2 years ago when they peaked at 28p and there sudden decline for the last year. There's been as much activity as in a nun's knickers. Any idears???????????????

[wet] 29/3/2001 16:11

RNS Number:3009B
Westside Acquisitions PLC
29 March 2001


Westside Acquisitions plc ('the Company')

Holding in Company


The Company has today been advised that W J Weston has purchased 2,000,000
ordinary shares in the Company and now has an interest in 3,000,000 ordinary
shares representing 4.4% of the issued share capital.

[currypasty] 06/3/2001 10:43

RNS Number:9652Z
Westside Acquisitions PLC
6 March 2001

Westside Acquisitions plc ('the Company')


The Company purchased 3,950,000 of its own Ordinary Shares of 1 pence each for
4pence per share on Monday 5 March 2001.
END


has anybody any ideas as to why they want to buy back 4M shares ? Are they up to something ? There is one thing, that if some news now appears, without the 4M sloshing about, any rise could be a good one.

[kemorkid] 06/3/2001 10:22

Anyone into these.
Could some one advise me as to why they should buy back about5% of their share cap.


Kemorkid

[nig295] 05/3/2001 10:45

Confusing 3 opening trades, all mid price and reasonably large. Any one got any info on trades being buy or sell?

[pawpaw] 05/2/2001 01:19

It's quite terrible that no sound newsflow is coming from this company. I hope the directors knows what they are doing.

[laser1234] 30/1/2001 12:08

any constructive or even positive thoughts on the future progress of this share

[laser1234] 30/1/2001 12:08

any constructive or even positive thoughts on the future progress of this share

[nuffornow] 30/1/2001 08:13

Spoke to Everett Financial who put me onto these last year. They seemed to still be fairly positive and advised me not to sell. Hope something happens soon tho' as I'm well down on these.