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
  0.00 0.0% 55.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
10.00 100.00 55.00 55.00 55.00
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

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Work Service Forums and Chat

Date Time Title Posts
04/10/202011:00Western Selection (Investments). NAV 22p. Price Only 16p595
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 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 55p 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.
russman: WSE has no raison d'etre anymore.
topvest: I would be happy with a merger first of all, so that we just hold shares in the LSE listed Lonfin. We are all trapped in WSE where the bid / offer spread is ludicrous. Why they ever moved onto Ofex (then Plus and now Aquis exchange) is anyone's guess. Maybe it was to cause an intentional trap! I have noticed though that a few disaster shell companies (held for over a decade) have recently jumped in price. I have actually sold a few duff companies at what I consider to be a fair price on Aquis in the last week which is odd. Nice to tidy up the bottom end of my portfolio from a more speculative style 20 years ago! I still hold lots of Gledhow Investments and Western Selection though, and will patiently await an exit opportunity. The unfortunate thing about Lonfin or WSE is that whenever they have a strategic investment, I am convinced that this has a negative impact on the share price of the strategic investment. I would guess that Brand Architekts starts flying now that WSE have exited!
russman: Marshall has lost the investment plot. The overheads have been excessive for decades with mediocre performance. Fold LFI & WSE together; retire the dead wood; chop overheads or relate to performance.
topvest: This is a disposal at a very poor price. Peter Gyllenhammer has got a bargain, as usual. Let's hope that this is the beginning of the end for their investment strategy, rather than raising some cash for another strategic investment. This strategy has been going for 20 years or so now and it hasn't worked. Investment returns have been poor to middling before excessive costs. Even I have lost my patience with this one! Let's hope that they finally either return cash or get taken out by Lonfin to avoid the double costs! They had some reasonable initial investments, to be fair to them, but they have executed poorly and never made a sizeable profit on any. Always too interested in taking the director fees which must have clouded their objectivity & judgement. In my view, they should have learned by now that average companies are not hold forever investments. Fantastic companies may well be, but none of their investments have ever fallen into this category. Creston, Doctor's Direct, The Sanctuary Group, Northbridge, Hartim, Bilby, Finsbury Foods. None of these were awful, but The Sanctuary Group, Hartim and Doctor's Direct were total 100% losses in the end. Bilby was a mistake from day one. Awful sector to be getting into for anyone that has experience of construction contracts in the social housing sector. Creston, Northbridge and Finsbury Foods were all reasonable businesses but again they didn't get out at a good price and profit despite ample opportunity. Surely, as a Board there has to be a realisation that performance has been mediocre (at best). It's time to return cash and use the vehicles as a shell or something!
topvest: The Company announces that on 28 September 2020, it sold 1,300,000 ordinary shares of 5 pence each in the capital of Brand Architekts at £1.0978 pence per share. Following the transaction, the Company no longer holds any ordinary shares in Brand Architekts. Edward Beale, a non-executive director of the Company, is a non-executive director of Brand Architekts. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR). The directors of the Company accept responsibility for the contents of this announcement.
russman: WSE is a sub of LFI so more complicated. Just roll it into one. And for the record I don't rate Bilby as a good investment opportunity.
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.
topvest: Yes, but I would say their RNS was positive as Bilby was very close to going bust. It's quite positive that directors supported the fundraise. I guess that we will find out this week, through a holding RNS, whether or not WSE put some more in. WSEs investment strategy isn't working and we need to lobby for LFI to take it out.
russman: Their business model is out of date. What value has been created for minorities over the last 20 year. A divi but not anymore. Roll WSE into LFI now please. Nothing WSE offers that we cannot do better.
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.
Work Service share price data is direct from the London Stock Exchange
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