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WORK Work Group

3.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Work Group LSE:WORK London Ordinary Share GB00B0VP0707 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Work Group Share Discussion Threads

Showing 551 to 575 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
25/4/2014
07:20
Well results out; some positive and some less positive; a long road to recovery.

Work Group plc (LSE - AIM: "WORK") is pleased to announce preliminary results for the year ended 31 December 2013. During the financial year under review the Company disposed of Armstrong Craven allowing resources to be focused on the remaining Work Business Units ("continuing operations").

Continuing operations:
· Gross profit (net fee income) from continuing operations down 21% to £6.0m (2012: £7.6m)
· Second half gross profit from continuing operations remained constant at £3.0m despite first half client losses
· Operating loss before exceptional items from Work Business Units operations of £0.4m (2012: £0.1m profit), with a reduced second half loss of £0.1m
· Operating loss after exceptional costs of £1.3m (2012: £5.5m loss)
· Cash at year end of £1.3m (2012: £0.4m)
· No bank debt



and its stimulated a share purchase at 9.2p - yes a single share purchased at 8.04!

janeann
24/4/2014
16:39
Time to take a deep breath holders, results in the morning i'm told!

Ali.

investali
03/4/2014
06:54
A recent piece by Simon Howard.

Mind the gap a shrinking workforce is about to bite employers in the proverbial...

You don't have to read too many headlines to see that life is returning to normal: House prices are booming; there's parental outcry at the price of overseas holidays during half term (an unthinkable squeal during The Crisis) and skills shortages are back in the news. Again.

Of course skills shortages have always been an endemic feature of the British economy, and one way or another we've managed to muddle through. But this time the headlines might just be heralding an altogether new challenge for UK employers; an unbridgeable talent gap.

It's all about the big numbers and it's beginning to look like something of a perfect storm for recruiters. Put simply, rising demand for skills could not have come at a worse time, because on the supply side the working population is entering a period of accelerating contraction. And there are three big drivers behind this:

First, we've known about it for years, but the baby-boomers are reaching retirement age at record rates. Most still have comfortable pensions – especially the more highly skilled, so there is little temptation to stay on. You may have read about 'working until you're 70' but the 'working-longer' generations have yet to hit their fifties. The time has come when employers must face up to the fact that the demographic time bomb is beginning to explode.

Second, politicians could not have chosen worse timing to start choking off the supply of talented and qualified migrant workers. For decades, skilled Australians, Kiwis, South Africans, Canadians, Americans – you name it - have boosted the poorly qualified (by comparison) output of our own education system. But that inflow of talented migrants is now becoming a trickle and it's already being felt in the IT, accounting, finance and health sectors, where temp and contract pay rates are booming. So there's no easy fix for the time bomb here.

The third culprit is the employers themselves. During The Crisis collectively they, or rather we, have not been bringing young people into the workforce in sufficient numbers. Where is the class of '08 or '09, who now have five solid years experience behind them? Answer; they were never hired in the first place, or at least not in sufficient numbers – and nor in any year since. Hence employers' short term hiring horizons have only made a bad situation worse.

So there you have it: Demography, politics and short-termism all conspiring to create an unbridgeable talent gap. And the next headlines to expect? 'Wage inflation threatens growth' and 'Uncompetitive UK sees more jobs go abroad'. And we've seen all that before, too.

battlebus2
07/2/2014
11:57
janeann - good to see a new shareholder here.

Both bb and I have spoken to Simon on a few occasions. I even attended the AGM before last and was the only shareholder they'd ever seen. They came across as trustworthy and chatty but also totally disinterested in my views.

Communication remains very poor although perhaps they would argue that there is nothing really to tell at such an early stage with the business essentially being re-launched from about September 2013.

The Director buys are good news but it all feels like insider self-interest rather than open honest dialogue and disclosure with shareholders.

If you have concerns about the disclosure here then I strongly urge you to pick up the phone to Simon Howard and ask him directly why he feels such a ridiculously nebulous Update is appropriate for a listed company with interested shareholders starved of information. I for one would be very interested to hear the reply.

Des

deswalker
07/2/2014
11:34
BB2 - Plan to stick with it for the time being, but cant say I am not disappointed in both todays update and that very recently directors bought in at c half the current share price; so perhaps I share Des' sceptisism. Time will tell - as always!
janeann
07/2/2014
10:47
Totally agree with you.
battlebus2
07/2/2014
10:43
I'm fine. Still holding my 1% at about 12p average.

As you can tell from my post, I'm still sceptical about the lack of shareholder communication.

Honestly think these could be a multi-bagger on a two year view if everyone starts to sing from the same hymn sheet.

deswalker
07/2/2014
10:27
Good to see you post Des i was beginning to think you had moved on.
Hope your keeping well.

battlebus2
07/2/2014
10:24
Good to see some interest here.

A typical Simon Howard statement - as many questions as answers. Still perhaps he wants to see some more months of trading before making any announcements. The outlook for the industry seems to be improving dramatically.

I suspect this stock to be very undervalued but worry about a stitch up of small shareholders before full value is realised.

Let's hope Simon proves me wrong and does the right thing by all shareholders who believed the hype when it was first listed and have chosen to stick by him for years. Let's also hope that Jon Moulton retains his independence.

deswalker
07/2/2014
09:36
Couple of buys over the odds bodes well for a tick up.

Edit tick up, 8.975 to sell online.

battlebus2
07/2/2014
09:02
Stick with it Janeann it was always a long term hold, sell limits online have been raised after this mornings update now 8.05p to sell 30k.
battlebus2
07/2/2014
08:07
I hope your right bb2. But its what they do with the cash that concerns me; if trading is positive and they build on it then all is well. Very disappointed the statement ignores this key aspect completely.
janeann
07/2/2014
07:48
I do agree with you both but we have to be little patient until April.
The cash in the bank still makes these cheap imv, your getting the whole company for 1 million with a final payment still to come of 300k from memory.

battlebus2
07/2/2014
07:44
Pretty safe update and not what I had expected. Basically not a mention of trading in what was to be a TRADING update. Surely a mention of a new client or two might have been an exercise in such an update.

Ali.

investali
07/2/2014
07:39
My guess is with the results so close it maybe better to get a few months more trading as a sole company.
battlebus2
07/2/2014
07:36
Not the most informative of updates........

Pre Close Update

Work Group plc (LSE - AIM: "WORK") announces, ahead of its close period in relation to the Company's financial results for the year ended 31 December 2013, that at 31 December 2013 net cash was £1.3m and that the Company continued to have no debt. During the period, and following a strategic review, the Company disposed of Armstrong Craven allowing resources to be focused on the remaining Work businesses, and significantly reducing the Company's cost base.

The Company has recently appointed BDO LLP as auditors, and will announce its preliminary results for the year ended 31 December 2013 before the end of April 2014

janeann
07/2/2014
07:35
No detail on trading in the update but new auditors appointed and cash of 1.3 million in the bank as of 31st December and no debt.
battlebus2
06/2/2014
19:31
Yes still holding a few janeann, these are a long term hold if they can return to profitability and build upon it over several years, not one i'll be selling even if their update doesn't come up to what i'm expecting.
battlebus2
06/2/2014
19:27
Yes; will be good to get some news. Spread is pretty fierce which will put potential investors off i suspect. Assume you are still here bb2?
janeann
05/2/2014
18:58
Should be an update any day now i would have thought..
battlebus2
18/1/2014
18:48
Thanks bb2. Not much I can add really. As you say, an interesting turnaround (potentially). Hoping to still be invested here this time next year.
shrout
17/1/2014
17:56
Welcome shrout, hopefully you'll return much more than the spread given time.
There is a story here though it won't mirror Crawshaws given the bonus they had of the horse meat scandal there is potential for significant upside if we can return to profitable trading. Director buying albiet at much cheaper than we can buy is a vote of confidence. Not expecting fireworks with the next update just some clues to show we are in turnaround mode. All imv ofcourse dyor etc...

battlebus2
17/1/2014
16:27
Bought a few of these this morning. One hell of a spread on them though!... (a bit like Crawshaws, which almost put me off buying at sub 5p.. but thankfully didn't)!!

Hoping for (but not expecting) a similar story here. I like the fact that they're restructuring the business, and there's no debt. Chart looks pretty good as well imo.

shrout
15/1/2014
08:19
Well someone paid 9p this morning for 44k and moved the price.
battlebus2
13/1/2014
15:10
Seems odd they only paid 4.5pence to the seller, did they not try going to the market?
envirovision
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