Wogen Share Discussion Threads

[spooky] 17/1/2006 08:21

The price movements in this stock have been fairly predictable,the problem with the statement is the failure to quantify the meaning of "more challenging".Will it be 36p going to 20p or 2p? Obviously they can't really quantify it because it's a trading business,so i will be interested to see how the stock trades in the weeks and months ahead.

[siskinbird] 17/1/2006 08:15

Yes, the Chinese angle might keep the share price afloat.

[thecleaner] 17/1/2006 08:13

Results a bit of a mixed bag. Good EPS and now on very low P/E, but current trading sluggish. Like the bit about expanding in China. I think this is a definate buy at these levels.

[siskinbird] 17/1/2006 08:13

Results out, not liked by market. Chairman's statement says it all really:-
'Wogen has delivered an outstanding set of results due not only to the
exceptional activity and price increases in the specialty metals traded by the
Company, but also to the traders and the support team within Wogen. Conditions
since the year end have been more challenging, with prices and trading volumes
of some specialty metals being lower and showing greater volatility. We are at
an early stage of the Company's financial year and, while we do not anticipate a
repeat of the exceptional trading conditions of the last financial year, we
believe the Company is well placed to take advantage of the opportunities which
2006 will bring.'

[slapdash] 16/1/2006 11:46

it was in the placing document that they were raising or negotiating a trade finance facility...

Slap

[siskinbird] 16/1/2006 11:12

Aleman
No doubt we'll get details in tomorrow's results.

[aleman] 14/1/2006 19:04

Found this on metalsbulletin.com but can't access it. Don't know if it carries any significance.

Listed metals trader Wogen gets $100m borrowing facility
21 December 2005 10:35

[krishall] 13/1/2006 21:59

From the website it certainly is an interesting company with still lots of latent potential. From it's history it must have built up good contacts in the geographical areas that need 'contacts' to operate effectively...

[fromtheblue] 13/1/2006 19:38

Website now up and running for those that haven't seen it. The home page says it all really:

[fromtheblue] 12/1/2006 12:15

MM Buy of 10000 - pressure on share price building again as must be very short of stock

[fromtheblue] 09/1/2006 17:24

Article on metals pricing this year.

[jaygino] 09/1/2006 08:07

Martinwj
managed to get a few at 177p on Friday, but not nearly as many as I wanted :-(

[martinwj] 08/1/2006 21:01

Jayrino, did you buy any in the end or were you just looking at the price?

The free float is not very big here and any buying activity seems to be pushing the price up, as sellers are not being flushed out. No doubt everyone has their price though! £3-00 will do me I suspect.

[jaygino] 06/1/2006 15:36

Looks like the MMs are very short of stock - I cant even get an quote online for the NMS (1000 shares).

[martinwj] 06/1/2006 14:54

New Highs..£2-00 prior to results

[jaygino] 05/1/2006 09:13

Slapdash

I am not aware of any founder member or director selling any stock, despite a 35%+ increase in price since the placing.
Perhaps commodity prices will fall and margins may be eroded during the year and maybe they wont. IMO Bridgwell's have pitched their estimates very conservatively and these are likely to be increased during the year. The long term trend for commodities can only be up. However, even if EPS does fall to 20.79p this year, it still puts the company on a very comfortable current PER of ca. 8 - I suspect that 'the traders' will have a much better selling price later on in the year :-)
Hopefully we will get some sort of guidance in 2 weeks time.

[slapdash] 05/1/2006 08:32

slowtrain

I'm inclined to agree with you... company is selling out when the figures are the best they have ever been.... and last year is possibly not repeatable... due to one off gains in commodity prices

Major founder sold out most of his stock I think??

These guys are traders... and will sell out when is best for them...

Well those are my major concerns anyway.....

Slap

[slowtrain11] 04/1/2006 16:21

Gowermonkey,

I think that the conservative analyst estimates have to do with the margins that Wogan's are currently earning because of the high price inflation over the last couple of years of the metals that they are trading. I have estimated a roe of in excess of 60% in the year to Sept 05 based on forecast earnings - the long term average over the last 20 years is 20%.

The broker 2006 profit estimate is, I believe, based on the average margin over the last 5 years.

Slowtrain

[scuba doo] 04/1/2006 11:10

Probably explains todays price hack ?

.........................................

TUESDAY 03/01/2006 14:39:26
Wogan knighted by Queen

Broadcaster Sir Terry Wogan was knighted by the Queen today at Buckingham Palace.

[gowermonkey] 04/1/2006 07:54

Bridgewells projections on Wogen at the time of float assumed a slowdown in the commodity price boom and were therefore very conservative.If the company maintains the levels of business it was doing last year ( and there is every reason to expect it might)this would put this on a ridiculously low p/e of something like 3 to 4 !

The issue was conservatively priced anyway even allowing for a slowdown.If the numbers are in line then the shares have a lot further to go in my opinion

[kamitora] 04/1/2006 07:43

Wogen, at the risky end of of the spectrum, is also chosen with China in mind, but it is not for the faint-hearted. It trades exotic metals such as tungsten, molybdenum and indium - the element used in flat TV screens. It is well-entrenched in China, having operated there since 1976, but should go on from strength to strength if China's remarkable economic development continues.

The shares have strengthened nicely since flotation in October, pushed higher by hopes of more mileage in the commodities boom and the Chinese economic miracle. The company can be badly hurt by adverse commodity price movements or defaulting customers, but has managed to make money in 29 of its 33 years.

[martinwj] 04/1/2006 07:29

From The Times

TEMPUS TEN FOR 2006: CENTRICA, ENTERPRISE INNS,
FIRST CHOICE, HSBC, ITV, MINORPLANET, PETROFAC, TOMKINS, WOGEN, WOOLWORTHS

[fromtheblue] 03/1/2006 13:35

Healthy rise today ahead of the results on 17th January - may soon reach new highs

[scuba doo] 22/12/2005 09:11

Does anyone know if he's appearing in any christmas specials ?