Wolseley Share Discussion Threads

[liam1om] 23/2/2010 14:43

What fall back?? I'm expecting this to push on again into the close.

[dondee] 23/2/2010 14:28

Wait for the fallback!!!

[dobcroft] 23/2/2010 08:42

Isn't the strength of the $USD going to have had more of a positive impact than they are willing to admit in the statement?

[broadwood] 23/2/2010 08:34

Its probably as much to do with the U.S improving housing stats.

Thats why I bought.

[essentialinvestor] 23/2/2010 08:28

Anyone Short here does not have any contacts in the House Building Industry
imv.

The Industry, at least in the UK, is beginning to recover and that recovery
has gained traction over the last couple of weeks.

[broadwood] 23/2/2010 08:22

Scorched pants all round here then.

Onwards and upwards.

[yng1nvestor] 17/2/2010 15:41

Mallorca

lol

[phatprofit] 17/2/2010 15:36

Who stuck a rocket up WOS's backside today ???

[phatprofit] 17/2/2010 11:26

JoJo - i think you need to stay away from the marching powder. Your enthusiasm worries me.


SELL



P

[mallorca 9] 01/2/2010 16:13

For me Jacko they are trying to avoid adding to the debt.
They are in serious trouble however.

[5jacko] 01/2/2010 11:42

what is the thinking from todays statement? TIA

[kibes] 29/1/2010 16:13

JoJO_Jo - amazing! A three bagger??? That would give it a market capitalisation of £12 billion and expected annual profits of £1.2 billion per year - is that what you are seriously expecting? Personally I can see it being a three bagger but in the reverse direction ie a reduction in share price to 400p. The company still has £1 billion of debt and at least £2 billion of worthless 'intangibles' on the balance sheet. But good luck to you.

[jojo_jo] 29/1/2010 12:24

Personally I think the trading statement (when it finally arrives?) will be positive. It was looking promising last time, and with the reduction in the workforce (apols. to employees), things should be looking even better this time. They'll also confirm US disposal, effectively eliminating their debt. They will be very well positioned for recovery - a lot better than most others in the construction/building sector. They also have the benefit of generating revenue from building repairs, upgrades and DIY.
Whilst there may have been dilution, the cash raised was used to pay down debt, which just changes the debt to equity. A much 'safer' situation altogether.
I'm a buyer, for the long term, at any price up to £14, and consider this to be a "3 Bagger" over the next two or three years.
Just my opinion. DYOR.
Jo.

[mallorca 9] 29/1/2010 09:59

This company looks to be in serious trouble, I wonder if they will survive this recession ?

[mallorca 9] 28/1/2010 12:57

Kibes,

very good point.

My experience also that a new CEO will get all the 'dirty washing' out in the first year.

I have always felt that in time , this share price could fall as low as £8.

[liquidkid] 27/1/2010 09:27

Err? Where's the trading statement? The CFO takes a walk with a pat on the
back for diluting a billion quid into the balance sheet and doesn't bother to
inform the shareholders about how the company actually fared as a result of his capable work. Caretaker management by definition.

[kibes] 26/1/2010 09:53

mallorca9 - the trouble with obvious shorts is they can obstinately refuse to go down, take a look at Carpetright (CPR) which everyone is shorting and most have lost their shirts already including Evil Knievel. I think it is caused by spivkid traders at 'investment' banks who have unlimited amounts of other people's money to play around with and like to have a bit of fun ripping small shorters off by playing games with the order book. They're probably working in league with the spreadbet companies who open most of the short positions for punters.

[mallorca 9] 25/1/2010 19:47

Kibes its a great short ! The naked trader also has it as a short.
Short it again when it hits £14.60.

Initial target £12.

[kibes] 25/1/2010 10:47

Can anyone explain how this can possibly be worth 1450p? £1 billion of debts and no profits yet the company has a market capitalisation of £4 billion??? Are people expecting a rush to buy plumbing products this year? If so why I wonder?

[5jacko] 19/1/2010 10:27

looks like someone is turning the taps off...

[5jacko] 18/1/2010 09:00

running for the door today...

[mallorca 9] 18/1/2010 08:54

£12 here we come.

[5jacko] 15/1/2010 15:32

it won't for long Tweeeek- this will head south soon- people will be putting of buying them as soon as the weather changes- they will be thinking about the summer hols soon enough- no more bursts or boilers..