Wyg Share Discussion Threads

[castleford tiger] 05/12/2017 16:59

Some interesting points.

However you have a very negative slant on this.

At £28.4m mkt. cap. and management of adjusted profit of £3.5m, this value the business at 8 times. But reported profit is likely to fall into a net loss.

MY UNDERSTANDING IS A BETTER SECOND HALF IS UNDERWAY AND WE EXPECT A PROFIT OF 3.5 M ??

You talk of a 30 million fund raising but say.............

It helped to turn net debt from £29.2m into net funds of £24.2m. Now, seven years later, the company is forecasting net debt of £6m to £7m. So, how is this possible?

NOW WITH THE BEST WILL IN THE WORLD 29.2 OF DEBT AND 30 RAISED GROSS just about clears it. Not sure where you or previous management got net funds of 24 million.

Some interesting facts though and thanks for sharing.

Tiger

[walbrock82] 05/12/2017 16:28

The way management of WYG interpreted their disappointing results were odd. Blaming it on contract delays would mean revenue should come in lower, not higher.

Another disturbing thing I discovered is the trend in Provisions, liabilities and other charges.
Since 2012, the level of provisions has fallen from £26m to £3m by 2017. It’s disturbing because falling provisions get recorded as an income in the income statement, which helps to boost profits.

But, today’s result saw a first notable increase in provision, in which management blamed for making a loss.

For 11 more facts about WYG that you need to know, then click right here

[castleford tiger] 05/12/2017 10:01

The new guy is across this. Bought more this morning.#
75% in now

tiger

[norbert colon] 05/12/2017 08:50

Topvest. I understand they are expecting a payment of circa €9m from turkey and believe (although I am not 100% sure) that this is linked to the MFF 2014-2020 hence EU funds. Mgt have previously confirmed that fees for works they undertake in Africa and other fragile states are via western Govts hence less risk of delinquency and also of dirty money.

[topvest] 05/12/2017 08:20

Tempted here, but think I will watch and wait. Turkey is the red flag to me. If this was in WIP at half year-end, surely little prospect of billing and getting paid by the end of December? Takes months to get paid in Turkey! Anyone know who is paying them?

[value viper] 05/12/2017 08:14

nothing new as expected really at first glance
hoping rehabilitation is under way now........
also hoping to see directors buying which i assume they can now results behind them

[castleford tiger] 02/12/2017 10:04

indeed. But I have a 50% minimum return forecast in 18 months.
After yesterday I hold just under 50 so half way there.

Tiger

vrs is my baby right now

[value viper] 02/12/2017 09:10

82% of the shares are held by instis (over 3% stakes at least).
i think somebody may have reduced looking at some of the prints...awaiting an RNS maybe
interims of course next check point

[castleford tiger] 02/12/2017 08:24

I bought this time sub 40p

Tiger

[value viper] 30/11/2017 18:53

Couple of chunky sells printed today followed by some small buying ; not sure if we may have (cleared) a seller.

[value viper] 29/11/2017 15:29

i've nibbled a few more....

[castleford tiger] 28/11/2017 17:21

going in for more tomorrow so see how fluid it is
tigera

[value viper] 28/11/2017 16:27

you are indeed correct : March, August and November we have had warnings in one shape or other. Maybe that's now the kitchen sink.

[castleford tiger] 28/11/2017 16:03

looking at the chart I see 3 falls and even with profits falling to 3.50/4.00 million this looks ok

I still think the clean up as part of the new brush CEO.

Tiger

[value viper] 28/11/2017 14:29

some say....profit warnings tend to come in 3's (WYG have now had 2 I believe)
...the other adage is : "Buy on profit warning number 3"

but maybe there won't be a 3rd !

Market cap is currently around £30 million basis 41.5p (I got this wrong y'day)

[castleford tiger] 28/11/2017 13:06

"PW in 3's" angle ?

give me a clue having a heavy day

[value viper] 28/11/2017 12:32

how do u feel about the "PW in 3's" angle ?
I guess that's part of the dripping in strategy (which I concur on).
i would hope (!) to see directors adding after the upcoming interims.
50,000 shares (I see) have printed (1153 hrs) in the middle ; I am gonna assume a buy.

[castleford tiger] 28/11/2017 11:01

the 10 was mine not sure why it had a few extra on !

Tiger

looking to take 100k shares but will drip it in.

Tiger

[value viper] 28/11/2017 09:30

that's a nice round no of shares tiger

[castleford tiger] 28/11/2017 09:00

DIPPED A TOE

tiger

[value viper] 27/11/2017 22:02

Net debt rising to £6-7 million : trying to get a handle on current valuation ;Operating profit to be maybe £4 million basis mkt cap at around £40 million ; near term interims to provide some more detail and assume to be followed by some further director buys. The new CEO has turn around skills which are hopefully gonna help.Will a third PW come according to the old adage.....I've had a few wrongly or rightly.

[castleford tiger] 27/11/2017 18:28

new broom sweeping clean me thinks.
might be a decent entry point coming up
tiger

[escapetohome] 25/11/2017 00:15

The board is CON-fident that the underlying business is robust.

Never ever trust a CONstruction CONsultantcy.

[arthur_lame_stocks] 24/11/2017 09:57

Glad i got out of these after the chairman sold.

[nobilis] 24/11/2017 09:42

this going bust after carillon expect the worst