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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 826 to 847 of 1275 messages
Chat Pages: Latest  39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
05/3/2014
20:27
Change the record!
topvest
05/3/2014
13:26
I see that the 2 Gen. Portfolio managers had a bit of a mare last year as well as in H1 this year !! If they cant get another chimp to throw darts at a piece of paper to do the picking.....maybe they could use the same chimp but put the piece of paper upside down !!..... couldnt do any worse imo !! ---- One of the 2 pickers is 80 years old....and is involved in the marshall family trusts and clearly is a close friend of David C. Marshall.... joined the board of Creston .....to then remove the other directors and sell the assets and turn Creston from property company into a shell....then into a marketing company. he gets 30% of the commission on trades he proposes....as an associate of Finn brokers. (and paying a commission to do trades is wrong imo....encourages churn of the shares...and there has been high churn in past years imo , Gen. Portfolio needs new managers....I think everyone would agree on that) ---- Dear Heald, Charlton, WH Lamb Ltd and any other > 3% holders. You are losing fair amounts of money via bad management of the Gen. Portfolio. Please pull your finger out and apply some pressure to Western; and/or put forward sensible resolutions to the AGM. --- "General Portfolio During the year the General Portfolio increased in value by 9%. Our investments in FTSE100 and FTSE Fledging stocks, which comprise 37% of the General Portfolio, increased in value by 8% whereas the FTSE100 increased by 12% and the FTSE Fledgling by 28%. Our European and United States stocks, representing 27% and 37% of the General portfolio respectively decreased in value by 12% and increased by 67% respectively. We have increased the General Portfolio by GBP 40,000 in the year. "
smithie6
05/3/2014
10:31
but yes, price should be higher
smithie6
05/3/2014
10:31
hmmmm but imo those that put up the money, us, should be told 'stuff' Hartim, dirs. leaving , new ones arriving, share transactions... no real info - turnover for 2013 not given , but the Western dirs. know it. - no reason given for fall in profit at Hartim, or whether numbers include any exceptionals - has Mr Aird sold all his shares or just some ? - what price did Mr Aird buy at in 2008 and at what price did he sell at in Dec 2013 ? - what % does Mr Aird still own - what % does each new director own ? ------ I dont think recent Hartim transactions were as good as was possible. For putting up 620k ...Western should have insisted on some share options that would have given control of the company. Every other lender providing high risk capital requires a price, a bonus, often the loan being convertible and/or a much higher interest rate, such as 12-20%. (in any case, I dont think that the RNSs provided are in fact true, but I'll keep that to myself rather than rock Hartim boat too much)
smithie6
02/3/2014
22:09
The accounting looks fine to me. The disclosures are also acceptable. This is an investment in a private company. They are not going to disclose much more than they have to. Either relax and stick with it, or sell. Hartim will only get revalued when sold or listed. At this point there is quite a bit of upside, so I'm happy to hold.
topvest
02/3/2014
20:52
Accounting Have the rules been broken ? They account for the loans to directors at Hartim and to Hartim...as an investment in associates... should it not be identified as a loan rather than an investment in a company ?? ..surely loans and debts should be identified...since material details...and affect quantifying risk.. the bank debt is identified....but not the corresponding loan to Hartim...
smithie6
02/3/2014
20:40
ah ..I see that NAV on 25th Feb given as 93p !! Dont think I agree ! should be up imo...due to Creston rising since 31st Dec. unless.....their choices for the Gen. Portfolio have screwed up even more !! cancelling the gain due to Creston !
smithie6
02/3/2014
20:37
NAV I think the accounts said 93p + around 3p due to increase of Creston ..maybe -1p due to NBI drop maybe +1p due to SWL increase perhaps around 96p now.....(I havent calculated in detail apart from +3p due to Creston) say 320k at Hartim for the year....with P/E of 10 that's 3.2M 18M shares. say 17p/share gives... 113p/share imo current Western share price is under priced imo noting - large discount to NAV - trend of increasing NAV over last few years - share price underpinned to a degree by share price of NBI (if NBI were to be worth 75p per Western share price then imo Western share price would go to at least 75p or close) even though the performance of the Gen. Portfolio in H1 was....terrible. say 1.5p/share missed...its real money....to shareholders, even if not to the City Rd. crowd.
smithie6
01/3/2014
21:55
To clarify, 6 months.
coolen
01/3/2014
08:42
They are 6m numbers not annual numbers.
topvest
28/2/2014
20:18
Hartim is my only interest.
russman
28/2/2014
14:55
noting how badly their management of the General Portfolio has done...I'll make some suggestions - that they ditch the tabacco companies (getting penalised more and more......I dont see a bright future for cig. sales) - ditch Danone - ditch military companies (USA cutting budgets ) - buy shares in Disney, good results....and check out markets for other buys but first they might need to get someone that is on the ball and up to date with shares.....which imo is not the current porfolio managers/pickers ...one of who is I think 80.... but maybe Mr E.Beale doesnt care that much....since he doesnt own 1 single Western share !
smithie6
28/2/2014
14:30
my mistake on the 161k as you say , that is half OK, so numbers are better, not sure if Hartim numbers are for 6 months or 12 months as an unlisted company I assume it only produces annual numbers..... and Hartim year end if 31 Dec. imo not clear if numbers are for 6 months or full year for Hartim. Hey, we just provided the new cash in 2007/8 to pay for the investment.....why would they give us decent information ?! b) The info. on directors shares at Hartim is appalling imo. 'Western should say that dir. X bt. Y k shares for yt pence per share and dir. Z bt. W shares at the same price. This price is X & higher or lower than Western paid back in 2008.' ----- London Finance shares are up around 3% today.... someone bt. some.... perhaps someone that knows the above data ?!
smithie6
28/2/2014
14:23
...thanks for comments....I'll take another look....
smithie6
27/2/2014
20:39
I think you have misunderstood the numbers. £161k is their share (before exceptionals), which means Hartim has made c£320k in 6m or c£670k after exceptionals. The £915k is an annual number. I think Hartim has only really made circa. £500k per annum, so I am very happy with this progress. It will also take time to drive the business forward with the new management team in place.
topvest
27/2/2014
13:09
"Hartim....the business is performing well" and yearly profits have fallen From 915k "to 167k " accounts are required by law to be "true and fair" how can 2 such contradictory pieces of information be given out ???!! imo the reporting - breaks the basic reqt. to be "true and fair" - does NOT report the material information eg. explanation of reason for large drop in Hartim profit and hence imo need to be revised and re-issued. Anyone of the same opinion ? (or perhaps some of you are big fish ...and you have a private meeting with the dirs. anyway...where you can ask for an explanation directly !....most of Western is owned by less than say 5 big holders)
smithie6
27/2/2014
12:56
last annual report "Western holds 49.5% of Hartim, which has a 31st December year end, and which generated trading profits before exceptional items in the year to 30 June 2013 of £915,000. Hartim sustained exceptional losses, after tax, in connection with Australia of £2,809,000. ........." in these results "Our share of Hartim's estimated results for the period ended 31st December 2013 is a profit of GBP161,000 (2012 - GBP1,000) after tax, plus an exceptional profit of GBP167,000 due to the release of surplus provisions relating to the closure of its Australian subsidiary. " From 915k to 167k ...that is a big fall...and no comment or explanation !!. while the law requires that accounts give a "true and fair " report...including all material information. me being a cynic about London markets....is it intentional so that friends and family can buy Western shares on the cheap ?? (and that in reality the profit is much higher but has been reduced by exceptional losses due to the Auz. 'misadventure' ?...that is what I think) Topvest "Very encouraging!" ...am I missing something !...or do you agree that 915k to 167k is a large fall (915k profit is perhaps worth 9M ...a large number of p for the Western share price....which is not shown/reported)
smithie6
26/2/2014
22:00
The Hartim disclosures are better than we normally get from WSE. Maybe they are listening? I'm not sure what you are expecting on Hartim profitability, but it looks a sharp reversal of where things were to me. Very encouraging!
topvest
26/2/2014
19:57
if the Marshalls were not there....and then imo a 'shape up or ship out' warning would work wonders ! the Marshalls are letting them get away with shoddy work imo....
smithie6
26/2/2014
19:56
Hi ...but for Hartim dont you think they should give some info ? and include what the exceptionals are ? in previous accounts they have stated the exceptionals for Hartim, this time, not --- imo the accounts do not meet the legal requirement to provide 'true and fair' reporting to shareholders...and to report the main material facts ..including exceptionals and also report whether possiblility of any other pay back from Auz.
smithie6
26/2/2014
19:51
Hartim results were very positive in my view as I will still expecting a loss / break-even in this 6m period. Pretty good value at 57.5p versus an undervalued 93p net asset value (assuming Hartim is worth more than book value). I do agree that the general portfolio performance has been poor in this 6m period. They should be getting the acquisition date for Hartim correct - v.poor. Overall, I'm encouraged though.
topvest
26/2/2014
19:32
As per usual for Western/LFI the accounts are wrong.... says that bought Hartim in 2009..... eh, no. it actually happened in April 2008 http://uk.advfn.com/news/UKREG/2008/article/25642756 imo NOT good enough when they charge 280k per year as admin. expense.
smithie6
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