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WDNY Widney

2.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Widney LSE:WDNY London Ordinary Share GB0009665778 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Widney Share Discussion Threads

Showing 3226 to 3247 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
19/10/2007
09:21
spoke to company but as they are in close period could only repeat previous guidance which they confirm as being valid.they cofirm widney uk perforing as well as indicatedpreviosly.pressings was a good buy and continues to be.previous earnings for these was in region of 1.5million so that is guidance.belcott did not lose money but was discontinued as assets could be better utilised ans as indicated substantial cash freed.
the group is debt free with on my calculations at least a million pounds in cash,with borrowing capabilities close to 3million,(against book debts).
so in short group sales around 28million and profit before tax say 1million for 2008 no debt and in expansive mood.market called this wrong if falls continue will co be forced to make an announcement.they are only 6 weeks away from finals.

charo
19/10/2007
09:17
G ... sorry if you got the impression I was being facetious.
See post #61 for my take on the assets.
As we both appear to agree, things may not be all that clear-cut with this company.

jonwig
19/10/2007
09:13
jonwig- it was a serious question. What does their operation actually consist of now that they decided to "withdraw from the manufacture of automotive press tools. Belcot will continue with low volume production presswork"?

Is Pressings still going after the sale was called off?

Or is that "low volume production presswork" all they actually DO now? Do they still do this:



And what do you estimate the NAV to be?

They said: "With decreasing demand for automotive press tool manufacturing, the Board feels that better use could be made of the assets employed."

At 13p, the mkt cap is £3.36m. Notwithstanding Loverat's views, they had a NAV of £4.436m including tangible assets at the interim stage, have since realised £800k from the tool and die sale and more from the sale and leaseback of the Belcot site and they previously said the "remaining group is profitable."

BUT, of course, these are not people you'd exactly trust any more.

gingerplant
18/10/2007
18:15
Well, a big fall at the end.

Looks like bad news is in the pipeline.

Loverat's view: Sell first thing (if it is not suspended at 7.00am)

loverat
18/10/2007
16:54
If you're right, Ginger, that might make WDNY a decent buy, with NTA nicely above the share price
I suppose the danger is that they have a cunning plan.

jonwig
18/10/2007
16:41
What does WDNY actually do now it's sold off all its assets - anything?
gingerplant
16/10/2007
15:23
having been investor for many years never underestimated the markets ability to get it wrong.eg barclays lloyds and rbs up and down substantially over past two weeks.who is right,short answer is someone.in small cos worthington nichols over past week.will it fall or will it survive because it bluntly stole investors cash via optimistic ly valued placings supported in the main by institutional investors.not yet saying w is an attractive investment but believe will prove value at above todays price.
charo
16/10/2007
12:23
Interesting, Charo.
But if 'market rumours' positive, why share price weak and trades yesterday (notified as) sells?
Asked by an interested potential buyer!

jonwig
16/10/2007
11:13
accounts will be releasedlate nov early dec,spoke to company .believe sold all surplus assets,making money and will surprise many.most market rumours now positive,positive customer and supplier feedback.
charo
09/10/2007
18:35
Looks bad.
loverat
09/10/2007
08:30
prize dogs are often very valuable.
charo
06/10/2007
17:46
In fact, its a prize dog....
loverat
06/10/2007
10:27
Bad isnt the word, more like rotten.
ba5hir is back
30/9/2007
12:03
Analysis or not, detailed or not, things do still look bad.
loverat
27/9/2007
13:38
I love the analysis on this thread - detailed, impartial, obviously qualified CAs at work.
jonwig
27/9/2007
08:55
Bad stock.
ba5hir is back
26/9/2007
16:38
Someone shoot this dog and put it out of its misery.
loverat
25/9/2007
15:15
when are the results due?
arnold7
25/9/2007
12:13
wow - somebody has dumped 44k at 13p - doesn't bode well
callumross
17/9/2007
06:19
Thanks charo - this is 'on watch' for me, but I'm not actually buying anything for a while.
jonwig
17/9/2007
05:17
jonwig agree will depend on how the assets are utilised.look at record of widney in period 2000 through 2006.
year sales profit/loss eps
2000 23.5m {3.3}m {28.65}
2001 14.5m {0.45}m {4.82}
2002 11.9m breakeven 2.06
2003 16.9m 1.20m 3.30
2004 39.6m 2.40m 6.97
2005 66.2m 3.5om 10.80
2006 64.2m {0.15}m {0.35} cat effect.
management had a 6 year run not a one year lucky dip but hard work.in talking with the board at agms and interims all express real anger at cats behaviour,but have had to accept and deal with consequences.chairman could have sat on sidelines but accepted action was needed and stepped up .can they do it again indeed do they want to? new markets will be needed can they find another acquisition to fuel growth?
suspect will not know untill prelims where we go from here.

charo
17/9/2007
04:54
press release in usa believe relating to second quarter results did not mention widney by name but referred to a supplier closure.contacts within industry say all believe refers to widney.try cats website.
charo
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older

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