Workspace Share Discussion Threads

[brando69] 26/4/2011 09:20

that IC tip having an effect?

[the jackel] 24/4/2011 09:29

Kiltrock if I recall he had a near term value of 29p on WKP don't quote me on that lol One thing I will say about Simon Thompson is that he knows how to pick a winner I can remember him backing Walker Greenbank a few months ago and looking into it but not fancying investing in a Home Furnishing company! Stupid me I think I'm right in saying the share price almost doubled on his pick! Hope the same can be said for WKP!

[kiltrock] 21/4/2011 16:20

2GEK

What view is Thompson taking in the IC?

Kilt

[2gekko] 21/4/2011 12:58

Tipped by Simon Thompson in this weeks IC magazine

its out a day early this week

[kiltrock] 21/4/2011 11:15

I visit this site from time to time and note WKP trading at 0.27, bought in at 0.15. when I checked this off before buying, I noted it stood head and shoulders above other property co. With it's property about London I reasoned this would be the first to take off. After a quick view I still think this is a good buy. Let time be your friend and hold. Some posters think this is worth 0.50, in my view thats pushing the boat out too far.

I also hold Capitol and Regional and Daejon, just bought recently. And also tempted by Hansteed, anyone holding views?

kilt

[catcheemonkee] 20/4/2011 09:23

Trading at 27.75p this a.m. ... Onwards and upwards (slowly) methinks, kicking myself for not buying in my ISA yesterday the shares that I want to transfer from my SIPP. I guess another opportunity will come along as usual...

[purplebox] 19/4/2011 20:25

brando69 - 19 Apr'11 - 19:44 - 7340 of 7340

26-28 trading range at the very least i reckon

My guess would be 25.25p - 27.25p...

[brando69] 19/4/2011 19:44

26-28 trading range at the very least i reckon

[purplebox] 19/4/2011 19:43

Good stuff stocka...

...28.0p equalled the NAV and achieving it was great, but I think that's why it's dropped this week - 28.0p really was the top.

Most property company's are below NAV and even BLND is only on a slight premium.

As you point out, good volume may change this but it would have to be sustained and I can't see that happening here at present as people will take profits for a while.

I said a few weeks ago that 25.25p looks like the new 21.25p - long termers will understand where I'm coming from.

Results 9th June and this one pays a nice dividend...

[brando69] 19/4/2011 19:37

saw sth similar a few weeks ago when we wnt down to 24. reckon it's the suckers slumps to panic some into selling rather than the suckers rallies to lure buyers.

[stockadoodle] 19/4/2011 18:34

I will probably be vilified for this opinion but those who know me know where I stand on this one......

BUT This Needs to close back above 27 again on VOLUME or we will most surely be testing that 26 level again technically...

The trading range that happened at 28 was on very low volume so could have been a false breakout to suck in a few punters... WE have seen it all before on WKP.

This is a long termer whichever way you look at it. I wouldn't "trade" this at the moment IMO. Stick it in as ISA & forget about it for a few years....

[brando69] 18/4/2011 07:39

we're a stoical and understated bunch here but any other wkp holders vaguely excited about this coming week... see if we can manage a proper breakout?

[the jackel] 16/4/2011 12:35

Hyden,

At least we all agree that WKP's share price will increase anyway lol I think it shows what great confidence we have in WKP that we are debating the best exit prices for us in the future lol Good trading all whatever price people take! :-)

[hyden] 16/4/2011 09:15

I am patiently long but I have to say I agree with Purple. If this hits 37p I will sell because it will represent an unjustified premium to NAV. I did the same in Sept '09, selling at just over 27p. Once the valuation again became sensible I bought back in and have held ever since.

This time, I think the share price is being driven not by the prospect of any uplift in NAV but rather the likely benefit arising from any 'Change of Use'. This will, in due course, give rise to a selling opportunity as any benefit is at least 3 years away and there remains plenty of time to buy back in at a discount to NAV. All imho, of course. :-)

[brando69] 15/4/2011 21:48

as my two year old daughter would say: Exciting!

[the jackel] 15/4/2011 20:14

Agree with you totally mreasygoing! Your best off just buying your shares in this one and sticking to be honest. I think it may dip towards the 27p mark the next couple of weeks and create this as its support level but then think it will push higher. I have to say I love the chart this one is forming it is forming the classic support and resistance lines then breaking through the resistance lines and using them as the new support. This really is an encouraging sign and something I often see before a big breakout and surge in share price which I think will happen at the 30p mark.

[mreasygoing] 15/4/2011 20:07

The Jackel,

He sold at around 26p hoping they would fall back. Its obvious as many were trading them in that range. Now he's saying it could well go to 37/38p from saying it was ridiculous that they could go to 50p.

If I were him I would be buying back as soon as possible as this is going to pop through 28p very soon.

[the jackel] 15/4/2011 20:05

Not oil Kimball but a company with great fundamentals and one which is ticking all the right boxes for the city boys and for the people that matter! ;-)

[kimball808] 15/4/2011 20:00

You never know...there could be oil under them there offices...;-)

[the jackel] 15/4/2011 20:00

Purlebox,

I trade all types of stock except Fledgling Pharmaceuticals and Airlines! The former too risky! the latter Unions! lol

I trade retail estate investment trusts frequently and can assure you my knowledge in this area is sound. My only advice to you is that if you have sold your shares in WKP is to buy back on the next dip towards 27p as this will form the next support level for WKP. If you are shorting this stock all I can say is that I don't believe this to be the stock to short and there are plenty of other stocks out there that will suit your criteria for shorting.

Not been derogatory or patronising just want to pass on a little bit of advice as we have all been there and made losses on stocks we thought would act a certain way! but believe me WKP is not the stock to go negative on.

[stockadoodle] 15/4/2011 19:20

Handbags at dawn!!! LOL

[purplebox] 15/4/2011 18:58

jackel,

It's clear that you have been sharing a spliff with mreasygoing - perhaps you can ask to borrow the 'property stocks beginners guide' when he's finished reading it.

Key point - 'main market property' rather than 'AIM oil explorer'...

...and at this point I'll leave you to talk amongst yourselves.

[purplebox] 15/4/2011 16:37

CatcheeMonkee - 15 Apr'11 - 16:22 - 7322 of 7322

'50.0p is just ridiculous'

40p'll do nicely then, thank you :)

Yes - it would do very nicely indeed.

The results are due on the 9th June and I'm hopeful that the 10% upgrade applied to the interim divi is maintained in the final divi - which would give 0.55p.

The NAV will also be restated and my best guess would be around 30.0p - possibly a little lower.

With an increase in the NAV, the divi, and a strong market my most upbeat guess for a year hence would be around 37.0p/38.0p - and that assumes that there is some good business tied into next years Olympics.

Closed at 28.0p :-).