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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wyatt Group | WYT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.75 |
| Top Posts |
|---|
Posted at 07/1/2008 12:07 by currypasty 25k sale gone through at 8.5p' We are currently exploring a number of opportunities to acquire businesses to help grow the customer base and service offering. All of the target businesses are in the employment services space and have been strategically identified to fit alongside PES. We believe that building on the success of the Group to date is in the best interests of shareholders and we look forward to some exciting times ahead.' unfortunately in this 'short term' market, some investors jump to the conclusion that 'buying businesses' can lead to placings at low prices, issuing paper to buy companies, again causing big dilution. This can lead to big lumbering organisations, with large overheads, rather than sharp small but highly profitable ones. IMHO before any dilution is undertaken, the shareprice must be at a level that represents good value for existing shareholders, and that should be the focus at the moment. |
Posted at 06/7/2007 11:49 by currypasty yes, 31 march, and AIM allows 6 months after for release of finals, giving end september.But, as you say, you would think the accounts would not be that complex, and getting them out sooner rather than on the last minute would instill more investor confidence... especially if they are good. Down side is I was expecting plenty of time to add more stock. |
Posted at 04/8/2006 22:04 by phbatbjco Old Bob Holt better show som of the Mears pedigree pretty soon otherwise investors patience will wear thin |
Posted at 23/1/2006 09:15 by currypasty By Derek Pain Published: 21 January 2006 I am indebted to Bob Holt, a no-nonsense entrepreneur. His Mears support services group was one of the No Pain, No Gain portfolio's early constituents. The shares were sold at a handsome profit. But I was too hasty; the price has soared since I rashly cashed in. It is now around 300p. I paid 23p, selling at 71.5p. The stock market is normally philosophical about such misadventures. It is never wrong to take a profit is an often-heard comment. Nevertheless my decision not to stick with Mears must be classified as an almighty clanger - one that cost the portfolio dear. Since sacrificing Mears, which has just rolled out an encouraging trading statement, I alighted upon another Holt venture - Wyatt, a little online risk consultancy. Its shares have failed to cover themselves in glory and are in the red. Still, fearing an embarrassing repeat performance, I am hanging on - at least for now. Holt, however, has not confined his endeavours to only two stock-market companies. He has other interests. One is Supporta, a group carving out an intriguing niche supplying a range of white-collar services to local authorities and other public bodies. In some ways it is very similar to Mears. It, too, services local authorities, although its core operation is blue-collar housing maintenance. Even so, there are significant differences. Whereas Holt, once the chief executive of Tottenham Hotspur FC, is still at the forefront of Mears, he has taken a back seat at Supporta where John Jasper, a former Capita man, is in charge. He replaced Holt, now in a non-executive role, as chairman in August, 2004. And Supporta, unlike Mears, has emerged as a nimble footed acquirer. It has already put through a string of deals and more takeovers are expected. It is a company in a hurry. Last month it paid £4.9m (with £2m more depending on profits) for a business called Independent Living Organisation. It offers home and live-in care for 22 local authorities and has an order book of £16m. Pre-tax profits hit £750,000 last year. ILO will be lumped in with Supporta's care division, lifting the hours of home care it provides to above 30,000 a week. Still highly fragmented, the market is worth some £2bn a year and swelling at a rate of 6 per cent. The private sector share is 62 per cent and growing at 11 per cent. The group has two other promising divisions. One provides payroll and support services, mainly to the health service; the other offers property design, planning and project management to the public sector. Supporta, then called Staffing Ventures, arrived on the Alternative Investment Market (AIM) five years ago. It described itself as a seed-corn vehicle for new recruitment businesses. But this policy was abandoned under Holt's leadership and the drive into the public sector launched. It is an area well suited for the experienced Jasper. The reshaping was quickly accomplished. Four recruitment operations were sold and two closed. The operating structure was streamlined from 35 companies to the three divisions. As it has grown, Supporta has accumulated strong City support. Institutional investors hold around 85 per cent of its shares and their power will have increased following their take-up in the share placings which accompanied the ILO acquisition. The shares have had a healthy run in the past 18 months, although they are below the peak hit in the group's early days on AIM. The price is now 88p, giving a £54.7m capitalisation, against 37p in the summer of 2004. Like so many up-and-coming concerns - Jasper describes it as aspiring "to be the supplier of choice in its chosen markets"- Supporta has yet to make real money. Last year it lost £870,000 at pre-tax level. In the first half of its current year the loss was £340,000. Both figures were heavily influenced by special charges, including the dreaded goodwill amortisation. Although exceptionals will again leave their mark, pre-tax profits could be achieved this year. Supporta is some way from rewarding shareholders with dividends. But it is proceeding in the right direction, is adept at bedding down acquisitions and has established itself in its chosen fields. It is the sort of company I would normally welcome into the portfolio. But with one Holt share still in residence and another ranking as a former constituent, I feel I should for once ignore the entrepreneur's influence and look elsewhere for recruits. Still Supporta is an interesting situation - one that will enrich supporters. cash@ independent.co.uk I am indebted to Bob Holt, a no-nonsense entrepreneur. His Mears support services group was one of the No Pain, No Gain portfolio's early constituents. The shares were sold at a handsome profit. But I was too hasty; the price has soared since I rashly cashed in. It is now around 300p. I paid 23p, selling at 71.5p. The stock market is normally philosophical about such misadventures. It is never wrong to take a profit is an often-heard comment. Nevertheless my decision not to stick with Mears must be classified as an almighty clanger - one that cost the portfolio dear. Since sacrificing Mears, which has just rolled out an encouraging trading statement, I alighted upon another Holt venture - Wyatt, a little online risk consultancy. Its shares have failed to cover themselves in glory and are in the red. Still, fearing an embarrassing repeat performance, I am hanging on - at least for now. sunday independent 22/1/06 |
Posted at 17/10/2005 14:02 by tinker deehill following your comments on the MER thread, I've been having a look at Wyatt. One thing that surprised me was their pathetic website which has no investor info, no news section and the last published results are for the year ending September 2002! Not a good image especially for an 'online' company and I have emailed them to that effect. In fact if it wasn't for this thread it would be difficult to get any worthwhile info at all. Thanks to you and Currypasty, I am now pretty well in the picture. Presumably you see the recent drop as a superb buying opportunity. |
Posted at 26/1/2005 08:11 by currypasty RNS Number:7885HWyatt Group PLC 26 January 2005 Wyatt Group PLC ("Wyatt") has finalised a placing of 3,269,444 new ordinary 1p shares at a price of 18p, raising a total of #588,499.92 from institutional and private investors. The proceeds of the placing will be used to provide additional working capital for the business of Wyatt and will allow Wyatt to continue to grow both organically and by acquisition by enabling it to take advantage of any opportunities, including the potential drug testing acquisition in the dynamic and growing biometrics market sector referred to in the 2004 report and accounts, that may arise, as effectively and expediently as possible. Application will be made for the new shares to be admitted to AIM and it is expected that admission will take place and dealings will commence on 2 February 2005. |
Posted at 22/1/2005 11:37 by deehill Indication of a Placing - details not fully known but would assume that the issue price MUST be below current market. Presumably to fund the new drug purchase. What will be interesting is how this new development will shape up against its only known competitor COZART who seem to have a healthy market developing for their product. It is interesting that this was, maybe still is, a Bob Holt company and he has just raised 4.8 mill from his sale of 2 mill MEARS. Could he be intending to plough any of that into WYT and, if so, where does he intend to take it. All speculation on this interesting development will be gratefully received. I must confess to being somewhat surprised that so few MEARS investors have taken an interest in WYT. |
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