Workplace Systems Share Discussion Threads

[ukhawk] 19/3/2004 13:43

Blimey Zinco, looks like WSI have Henry and Defoe up front now !!! (CR & GG)

[zinco] 19/3/2004 13:41

comdirect now buy 25k @12.81
sell 50k @1168

[greengiant] 19/3/2004 13:39

Must be the gg effect :-)

Good company, well undervalued.

gg

[cockneyrebel] 19/3/2004 13:38

Blimey, that's a big leap from 12 to 13 - must be a decent buy or two out there. :-)

CR

[cockneyrebel] 19/3/2004 09:52

Ticking up today.

I think these have pretty excellent earnings potential. Compated to MNS they have double the sales and on a lower PE but the earnings potential over the next year looks every bit as good imo. Backed up buy recent no-exec director buying.

imo, dyor.

CR

[costapacket] 17/3/2004 18:58

Thanks for the info folks - I will look to move in the next week as funds become available.

[ukhawk] 17/3/2004 13:02

Zinco, I like it, but only watching at present. Some familiarities with GLD actually, cash in the bank, director buys and lack of PR. Under normal mkt conditions there doesn't seem to be much downside, and a nice contract win or two would give it the kick it needs.

[cockneyrebel] 17/3/2004 13:00

Here's the website:



Historic PE 19, forward PE of 14 - sounds great to me.

Manpower MNS, currently trading on a forward PE of 40.

Happy holder me.

CR

[cockneyrebel] 16/3/2004 21:04

Will be interested to hear what he says.

CR

[cockneyrebel] 16/3/2004 20:25

I'm still holding and I think these could prove to one of my better investments.

A nice end of year trading statement would do the price the world of good - year end March 31st.

Still trading where they were 6 months ago so they haven't really benefitted from the rally most small caps have seen either.

CR

[costapacket] 16/3/2004 19:58

Very quiet on here - I have this on my monitor - any interest out there. Volumes have been very low of late.

Thanks

[cockneyrebel] 02/3/2004 20:12

I'm going to argue a bit with mysaelf here cos looking through the balance sheet it looks like they included the profit from the sale as not an exceptional. So Nurdin looks right above.

But even if without much growth they turn 0.6p, that's an historic PE around 21 come the June results.

Share price is 13p but strip out the cash which is over one third the market cap and you are looking at 8.5p a share, a PE of 14 without banking on any growth at all. That would be an historic PE of 14 come June if you strip out the cash and if there is no growth in H2 to speak of. Sales were up 900K over the same period last year in H1 and there has been a general improvement being cited by most areas of tech. It won't take much in the way of sales increase in H2 to boost the eps quite nicely. One or two reasonable orders and earnings expectations could go way higher.

All in all this is a company that is performing well now, has good profits, pays a divi come year end, has good cashflow, about £6m cash and a director buying shares just before year end rather than bunch of crooks issuing themselves share options. Nearly 60% of the shares in Directors hands, non-exec director buying.

Looks jolly exciting and despite the good performance it looks like it has hardly participated in the recovery of small cap techs. If these had £1m in cash in the bank a few months ago and they raised £5m in a placing the price wiuld have rocketed.

I can't see how these would not be participating in the increase in IT spend lately.

That's a horny chart Rather - I'll settle for a rebound to 5% of its previous high for now - 21p-22p or so.

A non-exec director seems to thing there's a reason to buy at around this level, either sales are going well, he has the sniff of a big deal or they are more profitable than we think imo - I'm happy to follow.

CR

[rarther] 02/3/2004 17:35

Can't argue with any of CR's points above... Still looking extremely cheap and if all is going to plan (to be confirmed in June) then it'll rise just as fast as it fell... (75%+ of the shares in director/institutional hands & non-execs building stakes on the open market).

Eagerly awaiting June results (& expecting a steady speculative rise beforehand).

Plenty more to go


Good luck.

[cockneyrebel] 02/3/2004 15:50

Oh well, in for a penny.............just got another 108K - I like the look of these :-)

CR

[cockneyrebel] 02/3/2004 15:06

Seen them moving it up - looks like some interest.

Bought 150K over the past two day - this looks like it has bits in place to me.

I like techs butthey have to be good value - Forward PE's of 15 would be acceptable to me - but single digit, all that cash and a divi - must be a buy even if they only make 1p eps this year imo.

CR

[zinco] 02/3/2004 14:34

great post cr even better figures than i had.. thanks
ps..wins have moved the bid up to 12p :-)

[zinco] 02/3/2004 14:01

Here since last nov last year hoping this year we will see a good turnround :-)

[cockneyrebel] 02/3/2004 13:55

Glad to see it isn't totally a haunted house on here :-)

CR