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WSE Work Service S.a.

55.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Work Service Investors - WSE

Work Service Investors - WSE

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
more quote information »

Top Investor Posts

Top Posts
Posted at 21/7/2023 12:41 by callumross
Would like to buy some but my broker Interactive Investor don't deal in no LSE stocks so how do you actually acquire shares?
Posted at 19/11/2019 20:48 by coolen
As Russman has identified previously, a merger with Mr Marshall's sister-company LFI would be complicated by LFI's dual-South African Listing.

A less costly solution would be to find a new investor/manager. As part of the exit agreement, Mr Marshall's "strategic" investments within WSE be transferred to LFI.

Word has it that the former major shareholder and investment manager of El Oro (recently acquired by J P Morgan) is seeking just such a vehicle, should any of you guys be able to make contact.
Posted at 04/12/2014 17:09 by smithie6
With all due respect ...you didnt give a statement of 2 facts.
...you gave 2 opinions which in your opinion are true.

they are not....but not important.

-----

Returning to the main subject

Do you agree that
- competing investing entities have performed MUCH MUCH better than LFI/Western over last 5,10, 15 and 20 year periods ?

- this is because the inv. strategy is different ?

- hence, that shareholders should consider to push the bod to make changes to the inv. strategy

- Western/LFI have always traded on a large discount to NAV (sp around 60% of NAV), showing that the companies and directors are not highly regarded by the market and/or the low past pref. puts off investors from wanting to be shareholders

- the co. does not follow the spirit of the Good Governance rules and other rules. (employing sons, secret options schemes, co. adviser is in a conflict of interest situation, the chairman uses a controlled employee as chairman at another listed co !, chairman has filled board at other listed co. with ppl linked to him with no knowledge of the business of that co. ! (ie. yes men)


The above are the key pts. ...imho.
If you do not like the messenger (me !) or you think he speaks with a lisp, or takes too long for his morning coffee, or has opened the message and read it.....is imho ....irrelevant !


-----

In case of interest , reported today that Bankia accounts at time of its big IPO were false. The MD was an ex-boss of the int. mon. fund I think, Mr R.Rato.
ie. the financial sector stinks and will do whatever it wants imo unless shareholders try to keep it in line.
(Bankia preferentes is another big financial scandal....Spanish Govt. does nothing since it would have to pick up a lot of the bill ! so it controls judges and the prosecution dept. to suit its own desires....its a twisted world out there...+ Libor scandal + Quindell + many more)
Posted at 21/10/2014 17:29 by smithie6
so here is the long term chart for Blck Rock Smllr Co. fund. BRSC.

competing with Western for investors money




2) Aberforth Smaller Co. FUnd
ASL
Posted at 17/10/2014 20:47 by topvest
I think you have too much invested in WSE and should unload some of your shares to Mr Marshall if it's making you an unhappy investor.

It's only c1% of my portfolio, so I'm quite happy to hold it as a deep value investment and take the dividends. Costs are too high and they need to recycle capital in my view, but otherwise they are doing OK.

Anyone who bought shares in WSE or LFI must appreciate that they are controlled investment companies. You either support them or you get out in my view.
Posted at 13/10/2014 19:38 by smithie6
AIM INDEX has been and is falling hard over last few months

so

hopefully in such a climate the bod wont be

STUPID

enough to rush out and invest at HIGH prices in anything unlisted like they did in Doctors Direct

-----

personally, with mkts falling, and so many concerns about European and global economies....it doesnt appear to be a good moment to be investing in any new unlisted cos.....IPO mkt may dry up (investors in AIM stuff are getting poorer every day.....that does not make them want to invest in IPO stuff !!)
Posted at 05/10/2014 09:23 by russman
Roughly how many WSE shares do you hold? I regard LFI/WSE as a curiosity, their modus operandi reminds me of 1970. To be fair they do listen to my suggestions but it is made clear that Mr Marshall is the chairman and I am a petty private investor. If the "leadership" were to change I may buy more; if I do not like the new strategic investments, I will sell up & move on.
Posted at 03/10/2014 19:59 by smithie6
Topvest
in case of interest
my own investment perf. goes off the roof if put on the Western chart !

and I am sure that your inv. perf. is much better than Westerns as well.

-----

Can you name any investing companies that operate the strategic investment method and have a good record ?

I think I can name various that have vanished or performed poorly.
Spark (almost finished selling assets and returning cash to investors) .
Arlington (finished selling assets and returning cash to investors)

Then all the dot com ones, VoyagerIT. AsiaInvest (or whatever), Luke Johnsons one, .......Western !! LFI !

Can you name some that have done well and show that the concept can work if the managers are skilled ?

(I can get a higher annual return than these guys (and get the dividends from the investments)...choosing my own investments....and without them getting rich from dirs. fees at investee companies from my money....paid to off-shore un named co. for David Marshall...so tax free I assume...)
Posted at 30/9/2014 16:08 by smithie6
an advisory board has been formed to assist in the operation of New Western

formed by interested parties who are large shareholders (3-4 large holders)
and interested smaller holders who can demonstrate they are experienced skilled active investors

the advisory board will operate to
- advice the company on any aspect
- review and agree "in advance" any new strategic investment, large investment, large divestment ....because the bod has had a poor record over the last 25 years the advisory board hopes to provide more brains, experience, knowledge and also more cold separated opinion before jumping in to any new strategic investment which the co. might want to do but which are perhaps liked due to a factor of excitement/interest or good presentation skills from dirs. of new investee companies.....
and especially to avoid over-paying
- to ensure that the co. does not investment so that any Marshall will receive directors fees, as a selection criteria.
- whether an existing listed co. would be a better investment


The shareholder advisory board will establish a set of investing rules for any new strategic investment, the following is proposed as a basis for modification
- good margin
- barriers to entry
- global possibilities
- a track record of financial numbers
- where the investment deciders know the sector quite well over the last 10-20 years, ideally having worked in the sector (this rules out many sectors)
Posted at 16/9/2014 23:02 by coolen
Mathew: smithie is correct, this is a classic case of a lazy stockbroker.

Those quotes were merely computer-generated !

If the broker had dialled Winterflood, the sole marketmaker, you would have got somewhere, probaly wearing that block of shares on offer at 61p !

Brokers and jobbers even have their own private telephone exchange, so there are only 4 digits for a broker to dial. Pure laziness !

I further agree with Smithie that a complaint is justified. I would go further and suggest that the Investors Chronicle might make an article out of your experience.

You could further stir things and copy the WSEL directors into any letters of complaint.

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