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Share Name Share Symbol Market Type Share ISIN Share Description
Work Service S.a. LSE:WSE London Ordinary Share PLWRKSR00019 ORD BR PLN0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 55.00 10.00 100.00 55.00 55.00 55.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.1 0.4 137.5 10

Work Service Share Discussion Threads

Showing 801 to 824 of 1275 messages
Chat Pages: Latest  39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
26/2/2014
19:15
FTSE 100 went from 6300 to 6750 for the period being reported.... that Western blue chips only achieved 2% looks pretty poor to me. Anyone agree ? Time to change the pickers of the Western Gen. Portfolio ?? http://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=UKX&name=&type=1&sprd=0&size=2&period=5&freq=1&date1_day=27&date1_month=10&date1_year=1986&date2_day=26&date2_month=02&date2_year=2014&ind_type1=0&ind1_1=&ind2_1=&ind_type2=0&ind1_2=&ind2_2=&ind_type3=0&ind1_3=&ind2_3=
smithie6
26/2/2014
19:08
"and is working to improve relations with the Swallowfield board. " perhaps Western should review its results before issuing them ! ....most or all of the previous Swallowfield board are gone !.... Western played a large part in that.....and one assumes that Western was on good relations with the people they proposed as new directors....otherwise they wouldnt have proposed them ! --- happy to be corrected if I am off target
smithie6
26/2/2014
19:02
Creston associate ?? ---- nice to see that my NAV estimate was about right... 93p vs 95p as my estimate the dismal performance of the Gen. Portofolio compared with FTSE and S& P being the main reason imo. --- " Our General Portfolio increased by 2% compared with increases of 14% in the FTSEurofirst 300 index and 15% in the S&P 500 index over the half year. " at first sight that looks terrible....anyone got a trained chimp with some darts !? although the overall perf. is good....over last few years the NAV has been grinding upwards....and relatively quickly surprising imo that Athelney Trust trades at almost 100% of NAV (nuts imo) ....while Western is at 58p to buy (limit order) for a NAV of 93p...big discount....even though the NAV has a good track record over last 2-3 years.
smithie6
24/2/2014
20:31
The price of the Creston associate is motoring, what's all that about ?
coolen
24/2/2014
12:37
Results 2013. NAV 82p mid price 52p, 63% of official NAV ===== 2012 72p 42.5p, 59 % of official NAV Currently 97p NAV buy price imo and perhaps 95p mid price 60% of NAV would give a mid price of 57p...which is where the share price is now however, if value Hartim at 10p and add on 60% of that then it adds 6p to the share price 2012 accounts had Hartim at 1.1M pnds, or +6p per Western share NAV. & 2013 accounts had Hartim at 185k, or 1p per Western share. --- After approx. 8th March the shares can be expected to go ex-div of around .9p-1p based on last years interims
smithie6
24/2/2014
12:23
96.9p buy price NAV today according to my calcs. ie. unchanged (to compare with buy price for WESP of 58p on ISDX, limit price trade, = normal trades) CRE buy price up to 116p and NBI down a smidge to 455p other data used, as before
smithie6
11/2/2014
16:07
BTW NAV using "buy" prices ...to compare with Western buy price of 58p as traded price. NBI 465p CRE 108p SWL 92p Gen. Port. 3.M nett debt 200k Value in Hartim, City Grp. 300k. result 97p If Hartim is worth 10p more then 107p If Hartim is worth 20p more then 117p to compare with 'buy' price for Western which is 58p based on last trades (limit orders) ...large discount (anyone can calculate their own value ..and change any of the input data if they wish)
smithie6
07/2/2014
15:58
I cant create any interest in shareholder action ?! ...like a distribution to shareholders of the shares held in NBI ! (around 50-52p per share)....10% of the shares held in NBI , around 5p per Western share as a bonus for our long suffering !....and contributing to all the cash raisings over the past years ! (that have benefitted the yearly incomes of the Marshalls ever since !)
smithie6
31/1/2014
16:49
BTW NAV using "buy" prices ...to compare with Western buy price of 58p as traded price. NBI 445p CRE 96p SWL 92p Gen. Port. 3.2M (bit high after recent falls ??) nett debt 200k Value in Hartim, City Grp. 300k. result 93.5p If Hartim is worth 10p more then 103.5p If Hartim is worth 20p more then 113.5p
smithie6
27/1/2014
17:39
I have slept on the issue. Ruffer & Miton are on Finsbury Food. Milton on LFI. Considering the current discounts to NAV (LFI-WSE), if an activist concert party moved over 10% of LFI, the ball could start rolling. Risky but little downside if Marshalls want to keep playing.
russman
26/1/2014
19:58
as a minority shareholder, I cannot offer any practical advice to your problem.
russman
26/1/2014
18:56
where money from some UK companies for DC Marshall probably goes "an overseas company" pops up in various co. accounts " to an overseas company which supplies his services and in which none of the Directors is interested, save that the directors of that company are two Jersey registered corporate entities and Mr. M.A. Pesco is a director of each of them." DC Marshall really seems to fill company boards with yes men ...that are working in some way for the family trust funds ! ( a cynic might say that if the company pays them directors fees and expenses...then the family trust funds might receive more friendly (ie. lower) invoices !) ...whether those dirs. correctly meet the regulations for good governance and independance and representing and protecting the interests of all shareholders (and not just the big one they get other income from !) appears a valid question imo
smithie6
26/1/2014
18:25
Are any of the recent posters large Western holders ? Any opinions on the large issue of new shares that was authorised at the last AGM ?....10-12M new shares. Personally I am against. One could argue that the Marshalls have kept issuing new shares over the last 20 years just to increase the total amount of assets and hence the management income that 3-4% of that asset produces in cash......including to pay for employment of son(s) at City Group which does the day to day running of Western. By increasing the asset size of Western the Marshalls do not have to put in new cash themselves.....but can still get more income themselves since they control it via LFI....whereas if they issued new shares at LFI then they would have to stump up a lot of cash if they wanted to maintain their controlling shareholding %. The 64p warrants expired in 2006-7. issued X years before. Then warrant units issued....which would have DOUBLED the number of shares in issue if it had all happened. ...ended up increasing number of shares by 50% or 6M from 12M to 18M. The costs taken out of Western assets each year has increased a lot over the last 10-20 years (benefitting the Marshalls, incl. 1 son(s) was/is employed at City Group)....while the NAV per share is about the same.
smithie6
26/1/2014
18:07
I did mention/include that in my post
smithie6
24/1/2014
20:03
It's the company P&L account that matters when it comes to dividends I'm afraid and not the Group position.
topvest
24/1/2014
19:08
Topvest btw , imo, on the divi subject (oh no, not again !) the Hartim group shareholder P & L account number is 543k -ve at end of Dec 2012 if then increase shareholder assets by 543k for 2013 (similar to past years) then the P & L number goes to 0...to be on the line for starting to pay a divi.... if can get the P & L number up to 50k or 100k +ve then in theory the 'group' could pay a divi (keeping the resulting P & L number above 0). (noting that would have to do some inter-company action(s) since it is imo the "company " P & L number that has to be made +ve not the group number....) my point is that with the 2013 numbers ....that Hartim is on the edge of being able to pay a divi...whereas your opinion was that it was 2-3 years away.
smithie6
14/1/2014
20:52
someone bt. 15k shares at 58p recently fairly big buy for Western....imo not a normal PI, value is too big perhaps one of the large holders topping up imo clever buying in recent months.... careful not to push up the price....only soaking up shares that others have sold, sometimes via open limit orders imo
smithie6
14/1/2014
18:56
Western.....2014 well NBI -is looking hopeful imo over coming years.... Creston- ....little chance of much share price action unless a takeover imo both producing good earnings....although CRE EPS is falling this year (but Western consumes that, sadly) SWL- share price is looking more hopeful recently. be interesting to see what the next trading update says Hartim- year end has happened, shame we maybe have to wait 9 to 12 months to see the results. 2013 may be just to beef up the books a bit....unless the Western interims or finals tell us anything Western sp, will anything happen that helps reduce the large discount to NAV ?? Various shares in the mkt are fully or perhaps over priced....and also voiced by many mkt spectators....so higher risk of a fall of some sort...if so, the Western shares look relatively save... Western running costs are too high imo. esp. when add on money from Creston and Hartim..which Western does not receive, even though it is Westerns money that is invested !. btw 1) has anyone got the 2011 Accounts for Hartim or Tudor Rose ? the 2012 accounts mention that there was a management cost of over 600k for 2011... which didnt occur in 2012 big amount for Tudor Rose ...I'm wondering what it was for (the acqusition in Auz didnt happen till imo spring 2012....so I assume it was not related to that) 2) other point that doesnt make sense to me for Hartim is that Western invested 750k for half the shares in Hartim....but accounts say that the total of money ever raised by issuing shares is around 1.1M....which infers imo that Mr Aird (+ other holders) got his 50% of Hartim for around 350K, 1/2 of the amount that Western paid for their 1/2 of the company. Considering that the acquisition of Hartim by Western and Mr Aird was the same corp. event I dont understand the large difference in price. I would understand perhaps if Mr Aird was able to buy at a discount perhaps since he was going to be the MD....but at 1/2 of what Western paid doesnt make sense imo. (noting that the prev. main owners where Mr/Mrs Rose, who were selling up their controlling shareholding) 3) And what is the difference at Hartim between A and B shares ? 4) what price did Mr Aird sell his shares recently ? (Im hoping that might cause a revaluation of Hartim in Western accounts. even if get the previous 10p valn back that would mean West. NAV would be around 106p now, 96+10, so imo the current 55-60p share price is nuts imo especially when around 52p is shares in NBI and most people would say that has a good outlook for next 5-10 years)
smithie6
10/1/2014
18:40
No problem - lets see what 2014 brings at WSE. Probably more of the same, but you never know!
topvest
10/1/2014
15:00
Topvest btw thanks for your notes/explanations on Hartim and paying of divis and accounts etc
smithie6
07/1/2014
10:28
Looks like Senior has competition ! took him around 18 months I think to put/allow Doctors Direct into administration.... via frantic spending of all the IPO cash ! I think that lost around 1.8M Junior managed it only 12 months for Western Cosmos !!...losing 2.5M squid. so spend money so quickly and go into administration.....seems amazing imo. (they were not execs. but they had powerful positions on the boards and had to approve major decisions....since their family investment trusts control LFI/MWB) ----- while on the plus side at Hartim they have managed to roughly double the PBT ...but the small increase in turnover is dissapointing imo, much the same as it was in 2007
smithie6
05/1/2014
21:46
Hi Mark, Would the auditor be involved in "unclaimed dividends" or the matter of "gone away/untraceable" members ?
coolen
05/1/2014
21:39
hxxp://fulltimeinvestors.com/Western-Selection/
smithie6
05/1/2014
21:39
360k of divi per year ...roughly 5% is 18k (should show up back in the accounts, no ?.....only if the auditor knows to go looking for it !...and no one is able to do a runner with it !)
smithie6
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