Workplace Systems Share Discussion Threads

[zinco] 18/10/2004 08:10

Bloody hell am i the only one left here?.....news today,things on the up,longterm chart good........AND STILL NO LIFE HERE.....LOL....:-)))

[zinco] 23/8/2004 18:07

Cheers GG as always great post mate ............thanks...;-)))

[greengiant] 23/8/2004 18:02

WSI

Turnover – Increase in continuing Operations of 14.47% from £7.6m to £8.7m

Estimated Gross Profit Margin – 70.26% (based on prior results), shows that Gross Margins haven't improved substantially since the sale of TeleWare business.

Savings have been mad through reduction in Admin Expenses, which would have been as a direct result of a fixed cost base being spread over the 2 companies. Would not expect to see any increase in that fixed cost base in the short term, so additional turnover should mostly drop to the bottom line (70% of it).

The full write off of goodwill is positive and will give a much clearer picture of the business going forward.

Assuming 150 million shares (post TeleWare reduction)in issue, the company has cash resources of £8.5 million which equates to 5.66p per share.

Market Cap per ADVFN looks to be incorrect, based on 150m shares the Market Cap is approx £21m. At current values, stripping out cash, values the company at £12.5m or 8.33p per share.

That gives an EPS on continuing activities of 0.3753p.
Based on 14p closing price gives a PE of 37
Strip out cash and the PE falls to 22

If you assume a 10% growth on turnover and a similar GP%, you get the following:

Operating Profit £1.177m
EPS on continuing activities of 0.785
Based on 14p gives a PE of 17.83
Cash Generation based on previous year (doubtful debtors will swing as much) approx £1m - £1.2m (Therefore Cash per Share increases to 6.47p)
Strip Cash Out and PE drops to 9.59

Wont make you mega rich, and could be seen as stable until next results. Info from company is not very regular, so share price drift is possible.

All IMHO - DYOR etc etc

[lee] 10/8/2004 12:35

No - sorry mate. something strange for you though. i added 30k on friday and the trade never showed up and still hasn't. also at 12.15 yesterday a couple of large trades went through which u know about. I was kind oif hoping that the rns was held back cos they are about to announce a trading update or something of that ilk. Given that there';s been no reported volume tho (Reported) i guess not.

Unless the volumes are not being reported for some reason.

L

[rarther] 10/8/2004 12:27

I was hoping you had attended Lee!

I guess there was nothing special if they're sluggish about announcing it.

[lee] 10/8/2004 12:22

Rarther - do u know anyone that attended agm yesterday. can't believe we havnt had any rns

regards

L

[rarther] 09/8/2004 15:06

My mistake - went XD on 16th July and payable this wednesday.

Not very much, but it's the gesture that counts

[rarther] 09/8/2004 13:34

Hello gents. Still holding this and quietly bullish. Just noticed that the header is out of date, so I will update that soon.

Unfortunately I didn't attend the AGM either, so a brief summary from someone who did would be hugely appreciated!

Here's to all the long-termers.

Going XD soon if my memory serves?

[zinco] 09/8/2004 12:52

Anyone still here?............;-)))

ps...klwt went from offer to bid at 12.15pm having been thier for weeks something about to kick off maybe?....spoke to the company on friday and they were giving very little away,did anyone attend the AGM this morning?....

[lee] 06/8/2004 09:47

AGM monday

[lee] 02/8/2004 13:34

Guys, just found out:

AGM next Monday 9th at 10.00 am. I wonder if there might be trading update since the last results were so good./

regards

Lee

[zinco] 27/7/2004 10:11

Just had a quick look at comdirect prices:

they will take from you 225k at 13.60p

but only sell you 25k at 13.95

and with only one on the offer and the rest on 15p this could rise very quickly,here's hoping anyway....;-))

[zinco] 27/7/2004 08:29

LOL mate hope your right...;-))

[costapacket] 27/7/2004 08:27

You could be right there! Once we've caught him I'm sure a lot more hunters will be coming this way to catch his mates...

[zinco] 27/7/2004 08:02

costa,is it me or is the monkey getting tired only one left on the offer now.....:-)))

[costapacket] 24/7/2004 00:06

Agreed - its one for the patient. Decent buys steadily building up.

[zinco] 23/7/2004 10:26

Another 80k buy today,slow slow catch the monkey....;-)))

[costapacket] 16/7/2004 00:50

Surprised that there isn't more interest here

[martincc] 07/7/2004 19:04

Zinco, no idea (apart from management?)

[zinco] 07/7/2004 08:57

Martin imho this company will be taken out, the management have done a great job on turning things around over the last 2 years from being a cash eating monster into something that has profits and direction,by who and for how much well am still digging you any thoughts on who would be the best suiters for WSI?.....;-)))

[martincc] 07/7/2004 08:47

Yes me, still holding. Sells not dropping the price. Looks like someone may be mopping up spare shares (WINS?)

[zinco] 07/7/2004 08:21

Anyone else getting richer here?...:-)))

[zinco] 24/6/2004 09:12

up again,bid maybe?....;-))

[zinco] 24/6/2004 08:58

comdirect prices:

they will buy from you 150k @12.60p

they will sell you only 25k @12.95p

gg you still with this one?....;-)))