Wichford Share Discussion Threads

[ossie56] 04/9/2009 16:22

In the interim results it showed NAV as vitually nothing. You could though add back the deficit from the interest rate swap of £38m.

They have then raised a net £52m from a rights issue.

In August they said there had been a further fall in asset value of 1.2% which knocks another £6m off.

This would give a net asset value of £84m. With 1062m shares in issue you get an NAV of 7.9p or 4.3p if you count the swaps.

IMO

Any other views ?

[das3] 04/9/2009 11:09

ossie: what is the NAV pl?

[ossie56] 04/9/2009 11:02

It seems to be priced well over NAV at present.

[das3] 04/9/2009 09:08

this definitely wants to go up: to my great relief...

I thought the share price would be depressed for weeks through the rights process.

[mattyd] 02/9/2009 15:59

strangely in the annual report it lists the tenant as secretary of state for the environment. its definately the dole office though!


i see that as a good thing though. towns and cities will always need job centres etc. I'd be worried if Wichford owned tax offices. they seem to be shutting down left right and centre.

[omerta] 02/9/2009 15:38

That's where i trust 'nickcduk' ends up if he keeps going 'short'
Said in jest.!!!!

[mattyd] 02/9/2009 14:57

just looked at the property portfolio on the website. I own a part of my local dole office!

[nickcduk] 02/9/2009 09:22

Covered my short this morning. Will add again if it spikes up.

[nickcduk] 01/9/2009 19:28

Personally I don't think WICH looks particularly attractive at current levels. In fact I have gone short. Its now in line with sector and assuming a 10% or so increase in property values. They will have to churn a number of properties which will incur costs and hamper NAV growth going forward.

[omerta] 01/9/2009 17:54

santori .....the 'nil paid' closed @ 5/5.20 which i think was the best of the day.
I believe the stock you refer to @ 11.25p are the New 'fully paid' ( 5p + 6p = 11p) This stock is also ex. a 3p dividend for those that bought the 'Old' stock prior to the 12th Aug... when they were about 25p ish

[utsushi] 01/9/2009 17:40

david, since the nil paid never traded below 9p, you did well to buy at 5p!

If you hurry, you can still pick up a few at 11.25p.

[davidbennett] 01/9/2009 16:52

This is seriously good quality stock, lots of potential. Bought 100k nil paid @ 5p.

[whiterussians] 01/9/2009 14:12

up she goes

[whiterussians] 01/9/2009 13:56

rock solid tenants in the form of Her Maj

fantastci price. I am in.

[lord gnome] 01/9/2009 09:30

It is now - it's gone up a bit since I posted. Hopefully just the start of things to come. I will need 20p in the new form just to get back to square.

[skyship] 01/9/2009 09:28

Surely this morning's value now = 46.5p!

1 x 11.5p + (7 x 5p) = 46.5p. Ie + 37% today!!

[lord gnome] 01/9/2009 08:43

Very positive start in ex-rights mode. By my calculations, the old shares are +12% up on Friday's close.

[das3] 01/9/2009 08:30

nil paid rights ticker WICN.

[das3] 01/9/2009 08:19

Let's say you have bought at 38p. You then are buying 7 more @ 6p, ie 42p, thats 8 for 80p. On a good day that's an share price of 10. Will be depressed below that for a while by shorters, rights sellers etc.

[masurenguy] 01/9/2009 08:19

Exactly - @9.75p the current Offer premium to rights issue price is 60% !

[scburbs] 01/9/2009 08:17

gdasinv2, The 7 for 1 was at 6p! Price fall looks about right to me, although I don't hold and am not eyeing it as a short.

[gdasinv2] 01/9/2009 08:11

The avg share price on 7 for 1 rights issue should be around 5p - trading at 9p - BAD - Shrotres are eyeing. What is actual avg sp? any 1

[utsushi] 27/8/2009 14:22

matty, most that have wanted to buy have bought, no significant selling now because it goes ex on monday, i think that buying into the right's is the good bit, is it not?

Time to put back into the drawer, good luck.

[mattyd] 27/8/2009 13:49

is the volume usually so low on this stock?

[mattyd] 26/8/2009 12:32

ok i'm in. hope i havent missed the boat after the share price has doubled in the last few weeks. plus i missed the divi :(

i'm in for the long term anyway. back of the drawer job!