Westside Acquisitions Share Discussion Threads

[highland drovers] 19/9/2007 09:15

Interims out soon, was about this time last year. Should be good following the sale of 500,000 shares in YRK at a profit of £1.10 per share. Should help the bottomline.

[rivaldo] 18/7/2007 12:13

ADE is at 8p now! With warrants WST is making almost £260k from every 1p increase in ADE. Not bad on a £5m m/cap. YRK, ADE and cash in hand are worth around £7.4m alone against that £5m m/cap by my calculation, excluding PLEI, AKG, CLS and MES.

[rivaldo] 17/7/2007 14:17

Director buying - and ADE up over 7p now. Having done a bit of calculation I reckon WST's cash and shares are now worth £8m, or around 7.2p:



"Directors Dealing

The Company was informed on 17 July 2007 that David Hillel, a director of the
Company, purchased 209,091 shares in the Company at 4p per share. David Hillel
is now interested in 1,000,000 shares in the Company, representing 0.89 per
cent. of the issued share capital of the Company."

[rivaldo] 10/7/2007 14:46

ADE still going up. And Weston has boguht another 600k WST at 4p. Quite a commitment now in a microcap stock:



"The Company was informed on 9 July 2007 that WJ Weston purchased 600,000
ordinary shares in the Company at 4p per share. WJ Weston is now beneficially
interested in 14,850,000 ordinary shares in the capital of the Company which
represents approximately 13.34 per cent. of the entire issued voting share
capital of the Company. WJ Weston holds 13,850,000 ordinary shares in the
Company in his personal capacity and 1,000,000 ordinary shares in the Company
through Gailifield Limited, a company wholly owned by WJ Weston."

[rivaldo] 05/7/2007 12:37

Yep, I was quite surprised/impressed with the AKG results. The price rise today alone will have added around 0.5p to the WST NAV - now around 8.5p?

ADE is up again today, CLS will bounce back I think, MES and PLEI are probably at lows and could easily bounce with a bit of news - and then there's YRK of course. The portfolio is looking a lot healthier now. Which probably explains the director buying.

[h d shoring] 05/7/2007 09:12

Akg is flying on results today ,which should do the share price here no harm ??

[rivaldo] 04/7/2007 15:21

Well well....my post 209 above was quite perceptive, if I say so myself :o))



"Directors Dealing

The Company was informed on 3 July 2007 that David Hillel, a director of the
Company, purchased 100,000 shares in the Company at 4p per share. The shares are held in the name of The Hillel Family SIPP. David Hillel is now interested in 790,909 shares in the Company, representing 0.71 per cent. of the issued share capital of the Company."

[topvest] 02/7/2007 21:29

some rare excitement today!

[rivaldo] 02/7/2007 14:58

Hello....

I suppose WST is either a share for the cautious, in that you can effectively buy £1 for 55p or so, or the brave, in that you can buy ahead of YRK's decision which could lift the NAV by anything from probably another 1p upwards to around 8p-8.5p.

Depends on your point of view :o))

[topvest] 28/6/2007 20:48

Yes, I agree. I wouldn't buy more at this price, but wouldn't sell. It's a hold for me!

[rivaldo] 28/6/2007 16:05

Same viewpoint here topvest. Possibly also a case of "don't tell anyone anything in the results so the directors or friends can buy more at a later date"?

The cash pile is disappointing, well down at £2.2m. The true NAV is I'd guess down to nearer 7p-7.5p. But overall the reasons to hold the shares stand, i.e if YRK were to soar on imminent news, ADE continues to thrive, more IPOs potentially listing on the market etc.

[topvest] 27/6/2007 18:40

Yes, not exactly great! No visibility given on prospects really i.e. nothing new! A bit disappointing really, albeit the 0.1p dividend is nice. Nevertheless, I'm happy to hold as a value play. Not sure why they don't summarise the good progress of their investee companies- surely that is a more upbeat statement. This distinctly looked like a "bury poor results" by announcing at the close of the day!

[10 bob] 27/6/2007 18:12

results out....

decided not to revalue their holdings to true market value til next year!!!!

[gemini99] 27/6/2007 14:10

they shouldnt have bothered pre-announcing a results date if they couldnt release them at the normal premarket opening time. Just defeats the whole purpose.

[gemini99] 27/6/2007 10:26

Very poor form not to release results at 7am.

[rivaldo] 24/6/2007 06:57

Oops - typo alert! Thx topvest, now edited. NAV of around 8p per share remains the same (unless any other errors of course).

[topvest] 23/6/2007 13:59

the warrants are at 50p.

[rivaldo] 22/6/2007 10:42

WST have 450k warrants in YRK exerciseable at 50p against the current 148p (upside included above).

The price has moved up in response to a couple of buys I see. It'd be good to see WST issue an RNS along the lines of "Our investee company AddLeisure PLC has made the following announcement" etc...either today or on Monday, but I doubt they'll actually do that.

[gemini99] 22/6/2007 09:21

thx and what about the yrk warrants. How many and at what price

[rivaldo] 22/6/2007 09:19

I calculate around 8p of NAV at present against a £4.2m m/cap at 3.75p.

Net assets of around £8.9m consist imo roughly of (assuming other assets/liabilities contra off):
- around £3m cash
- £3.4m of YRK shares and warrants upside
- £1.2m of ADE shares (3.77m warrants only just in the money at 5p)
- £0.2m of CLS
- £0.2m of MES
- £0.7m of PLEI
- £0.2m of AKG

Obviously the small holdings are illiquid, there'll be some tax to pay etc - but YRK alone could send the NAV further through the roof, and now ADE appears a safe bet at minimum 5p and could trade a fair bit higher.

[gemini99] 22/6/2007 08:29

What is NAV here now. how much cash is there

[ursamajorra] 22/6/2007 07:36

RNS Number:8266Y Westside Acquisitions PLC 22 June 2007


Westside Acquisitions plc ("Westside" or "the Company")
Notice of Final Results and disposal of shares in York Pharma


The Company wishes to announce that its Final Results for the year ended 31 December 2006 will be released to the market on 27th June 2007. The Company's Annual Report and Accounts for the year ended 31 December 2006 will be posted to shareholders shortly thereafter.

Westside also wishes to announce that its subsidiary company, Reverse Take-Over Investments plc ("RTI"), disposed of 500,000 ordinary shares in York Pharma Plc ("York Pharma") on 14th June 2007 at a price 135p per ordinary share. The proceeds from this disposal will contribute to Company's results for the current year ended 31st December 2007. RTI continues to hold 1,500,000 ordinary shares in York Pharma, representing 4.69 per cent of the issued ordinary voting share capital of York Pharma. Westside also holds 450,000 warrants in York Pharma.

Enquiries:


Geoffrey Simmonds, CEO, Westside Acquisitions plc 020 7935 0823
Isabel Crossley, St Brides Media & Finance Ltd 020 7242 4477
Mark Percy/Liam O'Donoghue, Seymour Pierce Limited 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange



END


NORDGGZVNMMGNZM

[rivaldo] 22/6/2007 07:35

Wow - looks like a company-transforming deal for ADE with BUPA today.

WST own 22.54m shares and 3.77m warrants at 5p in ADE....

[topvest] 18/6/2007 21:51

I didn't realise that they had sold some YRK, but makese sense- I have myself! I will hold the rest of my YRK though as I am still hoping for a much more successful outcome!

[rivaldo] 18/6/2007 19:07

RTI sold 500k YRK shares last week at 135p, so that's £675,000 into the coffers. WST probably have well over £3m cash now compared to the £4m m/cap without even starting to calculate all the rest of the equity shareholdings.

Nice to see ADE recovering too. Apart from YRK and ADE the rest aren't exactly setting the world alight (to put it kindly), but YRK is the key and things there are looking promising.

Ta for the RTI 50 update topvest, always good to see more shells and possible IPOs a-coming. Keep us updated please?