White Young Share Discussion Threads

[davidlloyd] 16/4/2009 15:22

\joey gardiner's never going to be my QS....'share price nearly doubled'.....think he means nearly trebled, no? 9p doulbed is 18p yet the share price reached 23p to buy at 12:30...

Hey Ho.

[tonester30ccfc] 16/4/2009 14:54

White Young Green forced to deny takeover
16 April, 2009

By Joey Gardiner

Share price rockets 155% as engineer publicly confirms no offers have been made

Struggling engineer White Young Green has been forced to deny it is on the brink of being taken over after its share price nearly doubled in trading this morning.

The company's share price rose to a high of 23p just after 12.30pm, after closing at under 9p last night, a rise of 155%.

The company has not been publicly linked with any particular bidder in recent days but has been struggling to re-finance in order to deal with its £91m debt. The firm said it had noted the share price rise but "confirms that it is not in discussions with any party regarding a potential offer for the entire issued share capital of the company."

The statement to the city added it remained focused on reaching a successful conclusion to negotiations with lenders. It said it had made "good progress in achieving substantial cost and headcount reductions, as well as improved cash management."

Last month White Young Green chief executive Paul Hamer told Building the firm had received: "absolutely no approaches from any domestic, European or American companies since last summer."

Building reported in September that Dutch engineers Arcadis and Grontmij had run the rule over the firm last summer.

Following today's statement the share price fell and was running at 20.5p at the time of going to press, a rise of 139% on last night's close.

[parvez] 16/4/2009 14:18

Someone may be taking a part stake?

[joe_public] 16/4/2009 14:11

RNS reads
price and confirms that it is not in discussions with any party regarding a
potential offer for the 'ENTIRE' issued share capital of the Company.

maybe I am reading more into this -
but cannot recall a statement regarding share price movement
worded this way

[asparks] 16/4/2009 13:59

wow, rocketting now. JRVS also doing well - up 40%

[msufi1] 16/4/2009 13:47

100/000 buy gone through 20.75 cud finish 30p

[dixi] 16/4/2009 13:40

WHY is a an unknown - whatever the RNS may seem to suggest. Could just as easily be bust as saved. Fantastic profit for quick witted traders and opportunists - but not an 'investment' at the moment.

[eggbird] 16/4/2009 13:39

In for 15, out for 20p well pleased with that!!
Think it could go a bit further, but banked some profits 8-)

Had a punt on SGD first thing this morning, an absolute corker of an RNS out this morning there, but seems to have been missed by most people....so far..

[captain kurt] 16/4/2009 13:35

TW. moved from 10p to 52p while they sorted out their debt refinance.

WHY have a long way to go yet

Run your winners guys

[spectoacc] 16/4/2009 13:33

No bid, no debt deal yet. Hmm. Mad market.

[ceckyspunt] 16/4/2009 13:32

not rediculous if this is a loss making no hoper... but is it?

[davidlloyd] 16/4/2009 13:31

was only 4m this morning.....even more ridiculous...

[ayesha4] 16/4/2009 13:28

9m market cap

ridiculous

[captain kurt] 16/4/2009 13:25

back over 20p. Picked up some more

[ayesha4] 16/4/2009 13:03

its in auction muppets

[topinfo] 16/4/2009 13:02

Why sell they have just confirmed all is going well....who wants a bid anyway at these levels anyway. Im also in BXTN looking to head higher.

[ayesha4] 16/4/2009 12:59

whiterussians, with your appalling track record surprised you even offer advice

9k profit banked from 13.75p today, looking to buy more

[topinfo] 16/4/2009 12:59

Nice time to top up.

[parvez] 16/4/2009 12:58

was hoping would drop further..so can pick up

[captain kurt] 16/4/2009 12:56

on road to recoverly.

Will be a grap for shares under 20p imo

[topinfo] 16/4/2009 12:55

RNS only knocks takeover but no-one suggested that as Cecky says the reason these stocks are rising is coz they are all undervalued and the mkts seem to be looking ahead now which is good.

[whiterussians] 16/4/2009 12:55

Thats all folks. This will now breach covenants in H2 as projected by Brewin Dolphin

[parvez] 16/4/2009 12:54

positive because it takes the rumours about the bid away and positive on the finance talks. perfect for getting stock on board if you missed out last few days