Wogen Share Discussion Threads

[wyorke] 16/5/2007 09:11

have some news ? noted that some city big boys buy ?

[mathisvale] 15/3/2007 17:51

RAB Special situations have become major shareholders - interesting

[jouster] 13/3/2007 16:00

Erm this is hardly the bottom of the cycle quite the opposite, if this company dont breal all records now they are doomed

[mathisvale] 09/3/2007 19:26

I find it strange that my best investments are those where the BB is very quiet - a bit like this one.

This is a company whose fortunes are cyclical. At the the moment we are in a trough, bumping along the bottom, but showing the odd sign of life. I think that the management are experienced at dealing with the bad years and making the most of the good years. I particularly like the fact that they are trying to establish a base in China - this could pay back many fold in future years.

I am quite happy to accumulate stock quietly at these levels and collect a (very) good dividend while we wait for the boom years to return. And they will return because modern day technology needs the metals that WGN deals in.

[asparks] 12/1/2007 12:23

wow that's some rise. AXS also rising fast

[edmondj] 12/1/2007 07:30

Had a look at this one after the flotation, when it was being ramped up by the Sun Torygraph, the history of these volatile commodity traders has always bothered me.

The subsequent chart, and today's confirmed collapse in profit, shows a vital moral about enough flotations being timed for managers/sellers rather than new investors.

[jouster] 20/12/2006 15:00

They are a trading company, all available money is in stock, other funding comes via commodity finance. kunal you are talking rubbish.

Btw i am not an investor

[kunalkoth] 17/12/2006 18:00

Post 179:

Yes, current assets were £32m.
However, cash outflow over the 6 months to March was a staggering £14.8m. They now only have £800k cash and a huge amount of stock they can't sell. I feel a cash flow situation might be looming.

[skyracer] 22/11/2006 15:00

"If you assume they know what they are doing". They do, they know how to look after themselves. At the end of last year 6 Directors shared out an eyewatering £10m in remuneration whereas the mugs who invested when the floatation conveniently took place at the top of the market have lost 50% of their investment. Ask yourself what their motivation was for floatation .....

[bluesky4] 26/9/2006 09:56

will go down after dividend...payout..

[leading] 26/9/2006 09:51

Returning to the ancient DJ theme; Savills must be worth a look.

With regard to Wogen, I read the profit warning as indicating a break even performance in the second half. The net assets at the half year were £32m and the current market cap is £33m. You don't see that too often, especially where the assets are substantially all current assets, (i.e.they can easily be turned into cash).

That doesn't say too much for these guys intellectual property, which the market is valuing at zero. If you assume they know what they are doing, which I think is reasonable given that they have a 20 year history in the business and management have a large stake in it, then maybe these are now a buy.

[slapdash] 21/9/2006 10:14

and this will fall further after the divi....

Great... Slapper

[slapdash] 19/9/2006 12:56

another Bridgewell wonder stock.. have a look at ADA not to mention the wonderful Isoft...

How do those boys there do it???? Slapper

[its the oxman] 19/9/2006 11:26

glad i sold out of this a while back - small loss could have been much worse

[don muang] 18/9/2006 12:19

OK..... only 'remember' him as DLT -

PS Glad I didn't buy in to WGN on the previous dip given todays drop

[flashheart] 18/9/2006 12:15

Dave Lee Travis

[don muang] 18/9/2006 12:14

Trevis who?

[flashheart] 18/9/2006 12:12

Don - How about Travis Perkins?

[slapdash] 18/9/2006 12:09

the curse of Terry Wogen lives on.... you may laugh but my simple rule (don't invest in a company with the same name as Terry Wogen) saved me a lot here)...

Slapper

[don muang] 01/9/2006 14:24

interesting investment philophosy ..... !!!
so which radio DJ's can be associated with 'good' companies??

[slapdash] 01/9/2006 14:03

as previously stated any company that uses the same name as Terry Wogen is not to be trusted....

Slap

[skyracer] 23/6/2006 19:13

Proposed total dividend of 7.35p now looks unrealistic. But the real problem could be stock value depreciation leading to an exceptional loss in the P/L. Not a holder.

[jouster] 08/5/2006 13:55

Thats the trouble the metals it is involved in have boomed and have been falling for some time, for example Moly prices were over USD120 / lb now they are USD50 / lb, you may say as much money is made in a down market but it is difficult when you hold physical metals the buyers of which are not stupid, they keep their inventories to bare minimum as prices soften.

If you really want to see how Wogen will fare pull the results for the last 7 years you will see the cycle I talk about. The current boom in China which again is stuttering in some sectors has prolonged the bull cycle this time.

A fair market cap for Wogen would be around GBP20-30m depending upon NAV, which i presume to be GBP15-20m all imho of course

[its the oxman] 08/5/2006 13:40

take your point - for me its a bit of a punt (not my usual strategy) but i remain hopeful it will get caught up in the metals boom again.