Work Service Share Discussion Threads

[coolen] 19/4/2016 23:17

Nav used to be 100p (was it in year 2000 ?).

If so, the answer to that question is: 16 years after their Sell By Date.

ps. Have I beaten much-respected Mr Smithy to the same response (!) ?

[russman] 19/4/2016 18:38

What was the average age of the WSE BoD before Lloyd joined?

[smithie6] 19/4/2016 09:59

Ah, I see that lloyd has joined the Western bod.....was already on LFi bod

and Mr Beale has joined LFI bod

One assumes that Mr Marshall snr is about to depart from the bod.
...with imo Mr Beale joining LFI bod to try to help keep jnr heading in the right direction
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And Western recently put another 545k pnds into Bilby at 115p.
They now have 2.34M shares in Bilby.
3.4M pnds

19p per Western share !!

42% of the selling price of Western shares !
big % of Western mkt price

At least at the moment the shares are all 'in the money'....currently 145p to sell ...and main Western investment happened at 85p., so good profit on that investment at the moment.

[smithie6] 19/4/2016 09:52

Russman
"Looks like Lloyd is stepping into dad's shoes."

Is there some recent news that has triggered your comment ??

[smithie6] 19/4/2016 09:50

btw

Ind. Commerc. Hlds
(where Western has 30%)

I have voted NO to the resolution to change from a PLC to a Ltd co.

I note that a major shareholder at ICH (around 10%) has written to shareholders asking them to vote NO.

Since it removes various legal/regulation protections that shareholders have while being a plc. such as issuing shares to non-shareholders, price for such new shares, rules on takeover offers.

Personally I am also against the cash raising and the current bod. imho they have made no progress in trying to obtain construction permission while have imo spent too much per year, so that ICH basically now has no cash

As a Ltd co. there is too high a risk imo of questionable share deals involving the Marshall family. That's my view.

[russman] 18/4/2016 12:51

Don't like Bilby either.
Looks like more money going into NBI rights.

[topvest] 16/4/2016 12:26

Don't like their move to put even more cash into Bilby. It's not a great business to be loading up on.

[russman] 16/4/2016 11:52

Say 78p at 31st March.
Looks like Lloyd is stepping into dad's shoes.

[smithie6] 07/4/2016 12:18

Stake in Bilby has now about doubled in value

but as a large holder in illiquid shares they cant/wont bag the quick profit imo

[topvest] 24/2/2016 07:32

Nothing of much interest other than the holding rather than increasing of the dividend. Hartim still not flying.

[oooff] 23/2/2016 21:47

Half yearly report for WSE.

[russman] 28/1/2016 10:17

I will have a go at NAV @ Friday's close.
Bilby's current performance has surprised me.
NBI has been static "lately".

[oooff] 28/1/2016 00:06

The June 2015 3 million Creston share dump looks to have been a reasonably good move. Cre dropped a lot on their trading statement today.

[smithie6] 15/1/2016 12:17

What's the NAV now ?
Anyone calculated recently ?

Bilby increase adds a solid chunk to the NAV

[russman] 12/1/2016 22:08

WSE could have made a killing on NBI but have not yet.................

[smithie6] 12/1/2016 15:30

BILB stake now valued at 171p mid price

Western stake dbled in value !!

In just a few months since investing at around 85p in a cash raising

[russman] 05/1/2016 09:40

Any fool can buy.

[smithie6] 04/1/2016 11:23

The NAV must be up quite a bit due to large gains at Bilby (85p to 140p) and Swallowfield ( almost doubled in 2015)

Although not selling more NBI cost the NAV millions

[russman] 09/12/2015 08:40

I would call Mr Marshall a lot of things but not a fund manager.
I do the opposite of his timing; a great 1 yr contrarian signal.

[coolen] 08/12/2015 20:09

Reading between the lines, surely you're not suggesting these fund managers are accident-prone ?

[russman] 03/12/2015 23:54

Amazing AGM timing.
Bilby profit warning at the same time.
Just unlucky.

[smithie6] 10/11/2015 16:54

..dont you just hate it....when everything rockets up at the same time ! ;-)

NBI & SWL up around 10%...& others doing well

( cant play leapfrog :-( )

[russman] 08/11/2015 11:55

I do hope that you never wish to sell all your shares in a hurry.
I estimate NTAV has slipped net 5p ish.

[smithie6] 05/11/2015 09:11

Spread

45p sale....48 or 49p buy

3p is quite 'good' relative to other illiquid shares..
...key thing imho is to use limit orders....in order to minimise the MM spread

...if someone offers to buy at 50p rather than at 48p via a limit order...then the MM will take the 50p !!, better for him....but he'll take 48p imo...MM want to make a cut from trades....not build up a one sided position, short or long ((MM should show 45-48 range not 45-50....which just puts off trades...losing them any possible commission..))


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You have a guesstimate for current NAV ?

They have gained a bit from recent rises in Bilby, SWL & NBI...but lost some imo since last accounts due to fall of NBI since end June...

(disgraceful that the co. dont report ...at least say once per week or month.....noting they know the NAV due to use of portfolio spreadsheets..)

[russman] 05/11/2015 07:34

I have to wait for the company to "buy" me out.
WSE is so illiquid, the haircut would be too large on ISDX sales.
Any offers of company tenders / capital payouts gratefully received.
I am not holding my breath.