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WSE

Work Service S.a.
55.00
0.00 (0.0%)
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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 Shares Traded Last Trade
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  0.00 0.0% 55.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
10.00 100.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.08 0.40 137.5 10
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 55.00 GBX
Related Shares
Scottish Mortgage Invest... (SMT), F&c Investment (FCIT), Auctus Growth (AUCT), Energiser Investments (ENGI)

Work Service (WSE) Latest News

Real-Time news about Work Service S.a. (London Stock Exchange): 0 recent articles

Work Service (WSE) Discussions and Chat

Work Service Forums and Chat

Date Time Title Posts
01/4/202320:22Western Selection (Investments). NAV 22p. Price Only 16p664
04/12/201417:09Western 2104 AGM resolutions- Vote NO !7
15/11/201418:49New Western Selection90
28/10/201419:18Resolutions for 2014 AGM - Any support ?2
05/3/201412:34Action Group to remove the BOD1

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Work Service (WSE) Most Recent Trades

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Work Service (WSE) Top Chat Posts

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Posted at 01/4/2023 09:20 by Work Service Daily Update
Work Service S.a. is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker WSE. The last closing price for Work Service was 55p.
Work Service S.a. has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 17,948,022 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Work Service S.a. is £9,871,412.10.
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Posted at 31/3/2023 09:52 by chrisdgb
mid price of 45p is bonkers, anyone want to print some money..?
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Posted at 31/3/2023 07:27 by chrisdgb
Results out, nice to see my maths is not too bad, NAV 80p, of which 64.6p is cash..............bonkers price.......
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Posted at 10/3/2023 17:21 by russman
LFI has sold all FIN so it has only got WSE & general junk.
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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%.
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Posted at 27/3/2022 14:33 by topvest
Yes, that would make most sense. I'd forgotten that WSE was originally a mining company. That must cost them a fortune if there are still legacy certificated holdings. Marshall is nearly 78 - maybe he won't want to have as many Board meetings going forward?
The tidying-up of the strategic investments portfolio is starting to show this, with nothing new done since the poor investment in Kinovo and some selling down of existing holdings.
Harwood are a buyer in Northbridge Industrial I think, so there may be an opportunity to exit Northbridge sometime soon.
Even Edward Beale is over 60. Basically, they need to start consolidating some of their activities.
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Posted at 24/3/2022 07:40 by russman
Both Share registers are a complete mess. Thousands of small shareholders, South African. Consolidation is overdue (approx 10x)
Offer cash incentive for the small shareholders to sell up(say less 1k shares)
Then merge in paper deal.
Save a lot of admin & overhead.
But that would be the end of the Marshall empire.
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Posted at 23/3/2022 19:49 by topvest
Agreed, but I suspect they will take it step by step. Marshall is getting on a bit and so it looks like they might be exiting strategic investments. They certainly haven't made any new ones for about 3 years or so. He might want to tidy things up a bit before he retires. The obvious deal is for LFI to merge with WSE and the deal to be done at net asset value in shares.
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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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Posted at 23/11/2021 13:33 by coolen
As you suggest, the move appears to be 2009 as this was issued on 10/9/2010 "The Board of Western, advises that it has purchased 8,897 Ordinary Shares on
the PLUS Market at 36 pence per share for cancellation."

And still on AIM in April 2008, as this was issued on 16/4/2008 "The Company is pleased to announce the appointment of FinnCap as its Nominated [ie. AIM]
Adviser with immediate effect."

Sorry, does not answer your question re the exact date, but confirms the time zone.
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Posted at 17/4/2019 07:30 by russman
Bilby makes me cringe.
WSE share price performance has been unremarkable considering the "overheads".
Just merge LFI & WSE; life would be so much easier.
Consolidate their share registers. Its a no-brainer.
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