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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Work Service S.a. | WSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 55.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 55.00 | 55.00 |
| Top Posts |
|---|
Posted at 09/1/2024 20:49 by coolen Wonder if WSE had to place the redemption money in a form of "escrow" account and now need the loan to keep the lights on ! |
Posted at 09/1/2024 06:33 by russman any ideas why LFI is giving a £200k loan to WSE. WSE is mostly cash. |
Posted at 29/12/2023 13:00 by smithie6 BtwRussman & Coolen were writing in Sept '23 about City group selling a property "Looks like Marshall is selling their City office." That is completely wrong imo since City Group do/did not have an office to sell ! City group leased it's office & in Aug. '23 that lease ended, City Group did not continue it. ----- Btw Mr Beale seems to be the best paid, £253k/year. Perhaps mostly for work at Monteagle Marshall (phps he is an exec. dir there; fair size company if my memory is correct, much bigger than LFI-WSE). I have no idea for how that compares to the going rate in the city, which has never had low wages for financial people. |
Posted at 29/12/2023 06:49 by russman In the short term, LFI should merge with WSE or at least buy the small company bits.The WSE share register is an admin mess; LFI the same. Dont think there is a long term future for LFI either. |
Posted at 02/12/2023 07:14 by russman must be something to do with change of auditor. If LFI was signed off, what would be different for WSE. Valuation of investment.Or A liquidation & they are crossing all the Ts, checking dates etc. |
Posted at 21/7/2023 12:07 by kinwah One possibility is the shares in ICH get distributed in specie to WSE shareholders in a liquidation. The holding in City Group has already been written off. You'd think it's just a question of getting all the ducks in a row now. |
Posted at 29/6/2023 10:08 by topvest It's starting to look like WSE might be liquidated at last. Management still haven't indicated that this is the case though, so can you trust them? Hopefully, they don't use it as a listed shell for a strategic investment. Anyway, well done to those that held as a return is looking closer. I still hold indirectly through LFI. |
Posted at 10/3/2023 17:21 by russman LFI has sold all FIN so it has only got WSE & general junk. |
Posted at 09/5/2022 08:25 by topvest Yes, thanks for flagging. What a disaster. Kinovo will most likely fall into administration as they are on the hook for the parent company guarantees. I did say from the start that it was an unwise investment.That's it with WSE. I have lost patience and sold my shares first thing this morning. Got 35p, which is not too bad versus 37p or 40p before this fiasco. Still hold LFI but at least its on a reputable exchange. I reckon that there's about 50-55p on the table at WSE, but if its LFI shares then the discount will get you back to below the price in the market. At least there are some better opportunities out there to invest the proceeds, all of which generate a dividend return of between 5 and 10%. |
Posted at 18/2/2022 08:07 by topvest Well it looks like change is afoot. See text below from the interims. It looks like they have somewhat belatedly realised that the existing strategy isn't working. The talk of establishing shareholder value is definitely a positive sign. I would be happy with a tender offer at book value or a merger with Lonfin. It will be interesting to see what Lonfin says as well when they issue interim results."Business Model The Company’s business model has been to seek to generate growth in value for shareholders over the medium to long term by taking sizeable minority stakes in relatively small companies, maintaining a dialogue through which the Company could provide advice and support to these growing companies until support was no longer required and the stake could be sold. Companies that were targeted as Core Holdings had an experienced management team, a credible business model and good prospects for growth. Core Holdings were made in any sector where management felt it had specific competence. The Company also maintains a Treasury Operation consisting of a mix of cash and debt facilities as well as the liquid investments in a General Portfolio of shares which consist of investments, primarily in blue-chip companies in the USA, UK and Europe. The Company aspired to pay a progressive dividend. Much has changed over the last few years and the concentration of the Company's investment into a small number of illiquid companies, all of which stopped paying dividends over the Covid period, and the increasing regulatory costs of maintaining the listing has taken its toll, resulting in the Company needing to pause its dividend in September 2019. The Board is actively considering strategies to reduce the share price discount to net asset value and establish shareholder value." Outlook "The Company remains cautious over future investments during these uncertain times. While considering options for providing greater value to shareholders, the Company will continue to reinvest the proceeds from the sale of its investments when opportunities arise to buy shareholdings in good companies at sensible prices." |
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