Worthington Nicholls Share Discussion Threads

[windjammer] 12/3/2008 12:30

EOC74

if he were to exercise the warrants in three months, he would be lucky to find another job, so no worries there big reputation at stake

[mudbath] 12/3/2008 12:03

7.5 pence(being the exercise price for the warrants) would appear a fare valuation as matters stand.It is reasonable to expect therefore,that the share price will have a tendency to return towards that level.imo.

[eoc74] 12/3/2008 11:42

Lets not forget, 4million warrants is not exactly huge. If he got the share price to 50p, he makes less than £2m. If he gets to 100p, he gets less than £4m. Not exactly a huge amount for what could be a 5 year job. I suspect this is only the beginning of his options and the banks have probably given him free reign. Im up for it. If he were to exercise the warrants in 3 months with the share price at 20p, he would do well to find a buyer.

[windjammer] 12/3/2008 11:31

coolmd

think its anybodys guess, given the way the markets are performing but as you say general trend should be north.

[coolmd] 12/3/2008 11:04

windjammer

Have faith but keep wondering is this a blip, keep wondering whether
to top up another 25k today or see if it drops?

[windjammer] 12/3/2008 10:55

coolmd

i was away from my computer yesterday morning repairing storm damage so missed out. but i sold some of my NNG this morning for a 200% profit. and bought some more of these when i saw that SB had the warrants. in profit already

[coolmd] 12/3/2008 10:37

windjammer

Thanks for that hope he can make it to a pound then!!
Things are looking good again, did you get in early yesterday to top up?

[coolmd] 12/3/2008 09:33

windjammer

looks like someone is also taking some options today looking at the buys going through. Would be great for someone else to put there own money into the company. Explain the warrants what have i missed??

[ivor whopper] 12/3/2008 09:29

did they lose any contracts?

[rocketfuel] 12/3/2008 09:13

I too would have liked to see layered but agree, without him being dropped in we would have nothing at all.

[windjammer] 12/3/2008 09:08

if MW had been left at the helm we would be sunk by now anyway, and that is a fact so 4 mil warrants at 7.5p yes i am up for that

[chesty1] 12/3/2008 09:08

Nice turnaround again today....Someone wants em.

[jackbal] 12/3/2008 09:08

Can understand him giving himself some exercisable at 7.5, but would have been nice to see it layered and some only exercisable at higher levels as a performance related bonus

[eoc74] 12/3/2008 09:01

I dont think so Tyranosaurus. Hes done exactly what all of us would do. Hes priced himself in at the price yesterday morning. The same price that people on here were buying at. Fair play to them and fair play to him. Did you expect him to price it at a higher price?

[tyranosaurus] 12/3/2008 08:36

Great news re warrants ??

Great news for the people getting them.

Bad news for everybody else.
He`s so sure of the company`s future that he prices them at 7.5p.

[windjammer] 12/3/2008 08:30

that geezer at Daniel Stewart reminds me of venlib

[chesty1] 12/3/2008 08:18

Mind your stops there after em imho.....

They wont get mine as I don't use em.

Be lucky to all & this will be a lot higher in six months time IMHO...

[atlanticbridge] 12/3/2008 08:09

That Daniel Stewart Guy still has a massive chip on his shoulder.

EOC74 - great news re. warrants

[rocketfuel] 12/3/2008 08:08

Well the analyst at Daniel S who has obviously been made to look a chump by the old management kicks the company again, no matter, people are back Beart and not the cash in the bank as he suggests in his note. These guys could raise 10mil at the drop of a hat if they needed it.

[eoc74] 12/3/2008 08:04

4million warrants at 7.5p!! Hes going to make a tidy sum here! Although it might take 10 years! Hes in for the long haul. I was afraid he might jack it in like the other director whose off later this year. Great news this morning.

[lundhousegreen] 12/3/2008 07:56

Wed. morning's Daily Telegraph..

Beart rescue

Worthington Nicholls, the troubled air conditioning maintenance business, jumped 1.5 to 11p on renewed hopes that chief executive Simon Beart can pull off his attempted turnaround.

Mr Beart, who has a solid reputation as a troubleshooter, has been trying to "kitchen sink" the problems at the group, which ousted chief executive Mark Worthington after a series of profit warnings.

As he unveiled woeful annual results, Mr Beart signalled his intention to break with the past by re-naming the company Managed Support Services. The group made a loss of £42.1m in the year to September 2007 and suffered a goodwill impairment of £21.9m.

"The historic numbers are, of course, terrible as the company was trading with little or no financial controls and had been bidding at uneconomic levels for contracts," said Mike Stoddart, an analyst at Daniel Stewart.

"The new management team is very able and is doing all the right things to stabilise the group, but the share price is still too high."

Mr Beart is cutting two-thirds of the work force and is hopeful the restructured business can break even by March. However, the group is unlikely to have much of a future in its current form and Mr Beart is expected to either find a decent-sized acquisition or look to break up and sell off Worthington Nicholls' remaining divisions.

[ivor whopper] 12/3/2008 07:12

With good management, it could hardly fail. Its government legislation that will provide a major year on year demand for wngs services.