Westside Acquisitions Share Discussion Threads

[simonevans] 22/3/2003 15:08

I will hold my shares on the expectation of more interest in the company following a couple of successful reverse takeovers later in the year or 2004. I'm not convinced that the current transaction is really worth doing, but I think at least the tender offer will get rid of shareholders wanting out. Looking ahead now is probably a reaonable time to invest in such companies....provided the market turns within a year..it may not though.

[theprotest] 22/3/2003 10:27

lol...nothing like getting straight to the point..
My own view - i think i will keep the shares that i have but its probably my heart leading my head as i feel the company is well run, with a 4odd pence per share standing and money in the bank..plus it was one of my first shares bought and sold for a 100% profit so in reality it owes me nothing.. The downside is that with less shares on the market they become less interesting meaning there is even less chance of being traded than they are at the minute which is already low.. i'm a little worried however that if the buyback is successful then there will be no need for any outside shareholders as the company could be privately run already??any views on this would be much appreciated..

[people] 22/3/2003 10:14

Im interested over to you

[theprotest] 22/3/2003 09:42

Obviously the share buy back is of great news here....... Anyone interested in some debate on whether this is worth holding onto or take the money and run????

[simonevans] 26/1/2003 08:47

Patience is required. I would expect another RTO or maybe two this year - similar to the Cheerful Scout Deal. If you haven't noticed market conditions are not the best for raising cash at the moment, which means that IPO's are being delayed!!

[highland drovers] 09/7/2002 14:51

Could be, but the price has dropped today. It looks like the only buyers are those in the know, ie the directors. They have added quite a few shares to their holdings of late.

The major shareholders are as follows:-
81.24m 1p Ords - W J Weston 5.23%, Gledhow Invs/N Fergusson 4.94%, NY Nominees Ltd 4.33%, R L Owen 11.59%, G M Simmonds 11.59%, J Zucker 3.08%, Other Dirs 0.98%.

[thebarrelboy] 08/7/2002 21:31

Decent sized director buying going on, is this sleeping tiddler about to wake up?

[anton] 23/5/2002 19:04

A possible return of 3.5p to the shareholders a step in the right direction i hope ?

[katylied] 02/4/2002 20:54

WST is one I don't like. That is not to say that there is no potential for trading profit. However, the dodgy management are a problem. On the other hand, EPA is interesting, but has one huge shareholder. Will that shareholder (who took over from S.Dean) sell into any rise? Not mentioned so far is ILM. Not at all clear what is going on there, but certainly undervalued. Note activity today +33% in JBH (ILM have a substantial share-holding). Anyone got any other suggestions?

[zapdos] 02/4/2002 20:34

I notice that there was some positive stuff about this on www.michaelwalters.com, but not being a subscriber, I couldn't
get the full story.

[veg man] 02/4/2002 19:55

veg man 02April 02
Any idea of price potential.

[ghhghh] 25/3/2002 14:34

Most have performed badly but the three listed below appear to have done well.


ECTwo on Ofex, listed a couple of years ago with NAV then around 8p and now about 9p, of which about 2.3p cash. Yet shares only 2.75p despite some good looking listed investments and minimal cash burn. Many investments listed to NAV easier to verify than most incubators.

EnterpriseAsia also looks good value at 0.75p versus 4.4p NAV - if you bother to check their investments (the largest is listed on GEM) and recent announcements plus cash pile incl the £1m held indiectly in 100% owned subsiduary.

Westside at 3p versus about 4.3p cash plus 0.5p in cash shell RTI plus own The Elms(www.theelms.co.uk). A near 40% discount to cash and indirect cash. Less obvious upside versus ECTwo and EPA but the exceptional discount to cash should limit the downside.

I own shares in all three and dyor etc.

[cougar6] 13/3/2002 18:12

Reason for buy back ! the company is held by a group who have over 51% of the company. so they are increasing there stake at no cost ? nearly a private company

[spiny] 06/3/2002 20:54

They said they were going to do this some time ago - last year I think. Maybe they didn't get as many as they wanted on that occasion and are topping up! Whatever the reason, it's a generally positive sign for share holders. Can't imagine they would be buying if the company was going down.

Spiny

[spiny] 06/3/2002 20:54

RTI annual report out last week. Riveting read. Future prospects covered in just two sentences!

Spiny

[highland drovers] 20/2/2002 19:43

The RNS below clears up who bought the shares on the 11th and the 14th February. Wonder if they know something, probably not.

(AFR) 20/02/02 18:27: Westside Acquisition - Holding(s) in Company


Westside Acquisition - Holding(s) in Company
RNS Number:7988R
Westside Acquisitions PLC
20 February 2002

Westside Acquisitions plc

("the Company")

The Company was informed on 18 February 2002 that W J Weston had purchased
500,000 ordinary shares in the Company, increasing his interest in the share
capital of the Company to 3,500,000 ordinary shares. The aggregate holding of
ordinary shares represents 4.78 per cent. of the Company's issued ordinary share
capital.



This information is provided by RNS
The company news service from the London Stock Exchange


Major Shareholders:
73.16m 1p Ords - NY Nominees Ltd 5.26%, W J Weston 4.78%, Paul Curtis 3.86%, W Roiter 3.74%, TD Waterhouse Noms (Europe) 3.58%, Sharelink Nominees Ltd 3.35%, R L Owen 7.47%, G M Simmonds 7.47%, J Zucker 3.74%, Other Dirs 0.99%.

[alsfar] 18/2/2002 20:41

anton -

I read this thread occasionaly. Your question provoked a wry smile. Along time ago, in a land far far away, WST got involved with a KM company. They entered 'due diligence' and not much more was heard about it, for a long time. Most shareholders concluded that the investment had gone ahead. After all, how long does it take to study the affairs of a mickey mouse software company?

Suddenly, out of the blue (months later) WST calmly announced that the study had in fact failed. That was the day the wheels came of WST. Some shareholders of a more cynical disposition, took the view that 'due diligence' may or may not have been the reason for the failure. It was however, a convenient management excuse.

Check back through all the RNSs (news) if you want detail.

[anton] 18/2/2002 20:29

whatever happened to the knowledge management company they had a stake in?

[highland drovers] 11/2/2002 19:47

Right on cue, one week from my post above and down it goes 0.25p.

See how it develops before plunging in.

[highland drovers] 05/2/2002 15:26

It will, someday, but it looks to me that it could go down another 0.25p shortly. If you are looking to buy in, I would wait for a week or so. Current buys are going through at 3.25p, ie Mid-price, not a good sign.

Only likely thing to move this share will be the results, and even that won't be spectacular. Still a fortune in cash and investments, 6p a share at least. There is no way this company deserves the 50% discount it is about to get.

[fortunesfool] 04/2/2002 10:47

Will this donkey ever get going?

[highland drovers] 23/1/2002 11:34

Check out this site for what WST are up to.

[theprotest] 20/1/2002 11:07

Drover - thanks for your comments which have put me a touch more at ease.thanka also for your tips, i will keep an eye on them for a while. regards, chris.