White Young Share Discussion Threads

[peterboroughmatt] 04/9/2009 10:55

gdasinv2 - news on spudding soon?

[gdasinv2] 04/9/2009 10:42

Correct - I have bought and sold via Barclay stock broker - Got the nominee report - exactly Proportional - So it the normal day to today trader via broker - Its false, also one of my friend in WHY has suggested to sale it.

[squire007] 04/9/2009 10:41

your right fillipe ... but still buys

[fillipe] 04/9/2009 10:28

Might be wrong, but I think the barcs stake is just the nominee hodings they have for users of Barcs Stockbrokers - not Barclays plc buying in their own right.

[squire007] 04/9/2009 10:11

so did i ................. hehe

[goofball25] 04/9/2009 09:57

barc increased their stake

[squire007] 04/9/2009 09:41

yep ....... est 12mill profit ?????

considering, this company has a big re-bound ahead.

[diku] 04/9/2009 08:33

In addition, the Board expects to announce the Group's final results for the
year ended 30 June 2009 during the second half of October.

[d23m] 04/9/2009 08:26

Debt for equity swap looks likely option here given potential dilution below 25%.

If so, does anybody know if this will still trade on AIM or OFEX should Debt for equity swap occur?

[999rp] 04/9/2009 07:58

Diku,

thanks, if i have read the teletext pages correctly are WHY annoucing results on Monday, if so it is going to be a rollercoaster hopefuly on the plus side.

[diku] 03/9/2009 21:44

999RP...to answer your question that is if I have understood correctly on the notification is...Standard Life gone from 3% to below 3% (selling) and Barc has from below notifiable interest to 5% (buying)...

[squire007] 03/9/2009 15:31

dont mock .......... still got 500k of cattles, u never know ... lol

[sleveen] 03/9/2009 15:02

take a look at what has happened to CTT and DYS for the downside

[squire007] 03/9/2009 14:27

could end up owning a serious chunk of this co ........ quite fancy that.

[squire007] 03/9/2009 08:20

buys on plus mkt ........... come on move....

[squire007] 02/9/2009 09:50

good question ............. cant tell if it an increase or decrease ..... anyone !!!!!

[999rp] 01/9/2009 22:13

does anyone know if the notification of shares are purchases or sales ??

[tonester30ccfc] 01/9/2009 14:43

1 September, 2009

By Tom Bill

Consultant engineer puts test off till September as talks with lenders over estimated £90m debt continue

Consultant engineer White Young Green has deferred a covenant test date for a third time as rescue talks with lenders continue over its estimated £90m debt-pile.

The date has been moved until the end of September and is expected to be rolled over for a fourth time to the end of October as talks continue.

The waiver means the company will not breach lending terms as a result of its high debt, a move that could result in its bankers pulling the plug on the company.

In a statement to the City this morning, the company said: "The board expects to announce the group's final results for the year ended 30 June 2009 during the second half of October."

The debt was racked up during a spending spree in which the company blew £85m buying 18 others in five years.

Meanwhile, WYG is understood to be preparing a share issue of about £40m to cut its debt pile.

The deal may also result in the company de-listing from the main stock market under rules that stipulate that 25% of its shares must be freely tradeable rather than being held by institutional investors. It would either move to the alternative investment market or become a private company.

One source close to the situation said: "There are still a lot of moving parts, but the bottom line is that the company needs to remove the debt from its balance sheet. The only question is who buys the shares. It will either be existing shareholders, new shareholders or the banks – or a combination of all or some of them."



Read more:

[squire007] 01/9/2009 13:59

raise money .......... simples,

then we r up up up

[rik shaw] 28/8/2009 20:40

Building Magazine suggests around £40M of capital needs to be raised:



rik

[chrisjg] 28/8/2009 13:42

i have sold out but trading this now is a gamble hope it works out for those still holding or taking the punt.

will be watching from the sidelines and depending how it all settles will be back in later.

all the best chrisjg

[brad1] 28/8/2009 07:03

management who gets companies in this state (ie. debt) should all be sacked

[999rp] 28/8/2009 07:01

yep, squire007, i beleive the stock will go up, there has to be a takeover the company has been tradign for a long time and there is consolidation. They bought SBA last year and tey are doing well,
watch and see..

and whats his about a major share deal something is going on

[squire007] 27/8/2009 20:55

fillipe..ing eck got 10k worth will just keep ave down too ....... then boom. big win ... lol

[fillipe] 27/8/2009 20:53

Hi squire. I've no knowledge here, just an instinct to get some at 11-12p in the hope of a deep discount open offer, which will probably only be to existing shareholders and not a RI.So, not now in means no cheap offer shares

I haven't bought yet, just mullimg it over.

Current share price must be affected by likelihood of this only AIM status in the future, so bound to be some fund selling going on from those who can't hold aim stocks.

What do you think?

Ta muchly

f