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WRN Worthington Group Plc

87.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Worthington Group Plc LSE:WRN London Ordinary Share GB00B01YQ796 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 87.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Worthington Share Discussion Threads

Showing 54076 to 54094 of 54750 messages
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DateSubjectAuthorDiscuss
10/5/2021
20:23
David,

Thanks for all that research. It does seem increasingly likely that whatever the next act in the WRN/WHET/FGCN pantomime is, one of the characters on stage will be Greenbank. I would guess that there will still be no clarity over who the real puppet masters pulling the strings are, but I guess that is the point.

sweet karolina2
10/5/2021
14:14
WHET may be on its way to the knacker’s yard, but Staminier is very much alive and kicking. And with some of the same punters backing it.
davidkip
10/5/2021
12:15
It will also not surprise you to hear there are a couple of Earley names on the register too, as well as a substantial chunk owned by a blast-from-the-past name, Sherri Ellison. She was a director at Merchant Corporate, where we also found James Holmes and Richard Spurway.



She was also a Director (alongside Wulstan) at Aidan's Renatus Capital



which was a WRN creditor



It's a very, very small world.

davidkip
10/5/2021
12:14
I've read the Whetstone shareholder register before, so remember some names. I thought I recognised a lot of familiar names on the Staminier register so I've just compared the Staminier CS date 5/4/2020 (post Greenbank taking 19%) and the last WHET confirmation statement (that gives transaction upto 7/8/2020).

Staminier reports 135 shareholders. Of those, 97 are also listed on the WHET confirmation statement (give or take a few).

One possible explanation is that these are discretionary clients of a broker.

davidkip
10/5/2021
10:16
Staminier is a mildly interesting story



As of the 5/4/19 confirmation statement, Staminier was fully-owned by one of the directors, and started trading on Britdaq. They promised a stock market listing in 2019. That plan then changed, and they subsequently suggested a "merger" with an overseas company (which turned out to be Greenbank).

Trading on Britdaq lasted until October 2019, by which time the share register was now dominated by new investors (see 5/4/20 confirmation statement), with the holding by the Director now minimal. It was then removed from Britdaq when Greenbank bought 19% of Staminier (shareholders have an option to sell the remaining 81% to Greenbank subject to certain conditions).

The 5/4/2020 confirmation statement makes interesting reading for Whetstone fans, with many familiar names that also appear on the Whetstone register. Very much diving into the same pool of investors.

Staminier seems to have been seeded with ~ £2.5m of paid-up capital, with shares held by one Director. Selling down that position (on Britdaq and elsewhere) would act to refund some/all of that initial investment, so a bit like an IPO in reverse. It's a pity Britdaq don't still show the trading information for Staminier, so it's not possible to find out just how much cash was generated by selling down those 'founder shares'.

What we can say is that Greenbank paid 22,494,262 Greenbank shares to acquire that 19% of Staminier in March 2020. Greenbank was trading at around 5c USD at that point, so that valued Staminier at ~ £4.5m or thereabouts (a reasonable uplift from the initial seed capital). Since then Greenbank has done very nicely (currently trading closer to $1.40), with the proviso that the shares are listed on very junior overseas markets (CSE, OTC and Frankfurt) which doesn't make life easy for a UK investor. So depending how much one paid for Staminier shares while on Britdaq, and what your views are on the ability to trade Greenbank shares, it does seem to have been a reasonable trade for people to date.

davidkip
10/5/2021
09:34
One company that used to be on Britdaq alongside Whetstone was Staminier Ltd. It seems largely a property play, with some land near Gatwick airport. I seem to recall it was actively traded when on Britdaq (unlike most other companies).

It's no longer on Britdaq, and instead there is this message on the Britdaq website:

"Staminier leaves Britdaq

Staminier has requested that their listing on Britdaq be terminated as they have agreed a deal with Greenback Capital Inc.

For further details please see Staminier's website."

That is backed up by this from the Staminier website:



(Greenbank now have 19% of Staminier).

davidkip
08/5/2021
21:15
certainly think he was one of the
prey, rather than the predators.

spikeyj
07/5/2021
08:57
How ironic the lying lowlife WELCHER (NEO, PAULA THE NURSE, YUMYUM THE COWARD etc.) considering himself and the rest of the moonies as innocent people. The only one that has tasted the porridge inside is the two faced leader Earley. Hopefully he has a second helping.
johnbri4
07/5/2021
08:21
SK seems to have hit a nerve with poor neo.
spikeyj
07/5/2021
08:09
Maybe the shareholders of both companies will also get what they deserve - an explanation on why a temporary suspension became permanent and why Whetstone disappeared - and if there is ever any chance of getting any money back. That’s what matters and since this thread is now so inactive I guess most of them have now given up hope!
knigel
06/5/2021
20:54
Unconfirmed rumour has it that some people who put £15k+ into Flagship have been given shares in Greenbank (the one with our friendly lawyer on the board) and have sold some of them already, whereas those who only put in £5K have yet to benefit from this largess.

Only a rumour, which personally I find hard to believe as we all know AE is interested in compensating all shareholders and creditors who are out of pocket thanks to his decades of incompetence and not in just looking after a select band of insiders. However the rumour is that WE is fronting this - yes the WE who ostensibly unloaded 4M WHET shares he ostensibly had no entitlement to, though the rumour at the time was that it was dimwit Dazza and AE flogging them down the pub, whilst getting people to sign forms saying they came from WE.

Anyway all just rumour and could all just be misinformation aimed a smearing the good name of the Earley family. Keep the beer on ice and the popcorn unpopped for now in case the next act of this pantomime is warming up back stage. Still no sign of anything for WRN / WHET holders (victims).

sweet karolina2
18/4/2021
04:51
JACK WHEN DID YOU BUY THE CURTAINS,SPIKEY YOUR THE ONLY FARCE AROUND HERE.
just joined whetstone
17/4/2021
20:23
Yes I can see that. But is it not time the curtains were pulled shut so to speak
jackjackjack1
17/4/2021
19:37
he only really needs to sell a few to himself to fix that
unfeasibly inflated share price, providing the supervisors
of the CVA are still prepared to play along with the farce.

spikeyj
17/4/2021
17:50
At last someone is getting it. spikeyj he is selling to some poor new friends . Sad man but yes he is going for two more years extended on the cva
jackjackjack1
17/4/2021
17:20
& poor old flagship falls back 37.5% on
a single sale of just 100 shares on 16/4.

still, presumably all he needs to do is establish a printed
share price which could be used as part of the attempt to get
the bus club CVA extended past the original 3 years? - hard to
see anyone who is not a complete moron buying flagship shares.
(so presumably he is hoping neo, williams & PB78 might buy some.)

spikeyj
17/4/2021
13:05
It is of small interest to most on this thread but for those that were delving into Rapid Nutrition's accounts in the past might be interested to know that they have more or less written off the value of their holdings in Motivate Health Technologies and Streamcast Marketing. As we said at the time, they were worth sod all.
roydyor
16/4/2021
22:24
Ha ha me thinks someone is at it again please Eve Poor old gran is buying shares
jackjackjack1
16/4/2021
22:11
I SEE THE OLD FLAGSHIP IS ON THE RISE,GOOD OLD HELEN A MILLION LOVE SONGS.
just joined whetstone
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