Share Name Share Symbol Market Type Share ISIN Share Description
WYG LSE:WYG London Ordinary Share GB00B5N5WH70 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +2.20% 46.50p 45.00p 48.00p 48.00p 45.50p 45.50p 418,230 14:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 150.5 1.6 3.3 14.1 32.50

WYG Plc Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
12/12/2017
19:05
my last and most expensive to date in there. That's it I am fully in now. Tiger
castleford tiger
12/12/2017
15:27
some quite chunky buys indeed
value viper
12/12/2017
15:18
Interesting share price movement today, does somebody somewhere know something?
mrphil
05/12/2017
20:49
Excellent stuff Norbert : thanks for taking the time.
value viper
05/12/2017
20:38
Interesting post from Walbrook82 and always good as to hear both sides of the investment case so I thoroughly encourage it. I would just like to throw my response in to the various points raised. 1 - Risk of Contract delays. This is not specific to WYG and is a risk applicable to all Consulting firms (and for that matter most businesses). Agreed that currently there are, however, various market headwinds particularly Brexit and that the current Macro climate is not exactly a rosy one. 2 - I have a particular loathing for adjusted profits and made this point to various CFO's including the one at Sweett Group where Doug McCormick was previously CEO for a short time. 3 - Its a people business! Of course the majority of costs are staff. 4 - Same response as 2) above. Transparency is key and I hope going forward this is addressed. 5 - Same response as 2) above. Will come onto cash later.... 6 - Interesting point. All I can say is that from my recent discussions with new mgt there is an acknowledgment that previous reported numbers had been somewhat flattered so you may have a point. I am satisfied that the pedigree of the new CEO will ensure such shenanigans cease. Investors can only engage with mgt going forward and press for greater transparency. 7 - 100% Agreed - historically WYG has been a bit of a basket case and under previous management I avoided it all together. We have a new CEO with a solid track record and its all about the future now. 8 - New mgt were very clear with me that the cash profile of the business historically is appalling. Again, its all about the future here under new mgt. Another reason I had steered clear before. 9 - Noted / agreed and covered above. 10 - Agreed. Mr Hamer (previous CEO) liked buying companies. I understand that a number of these businesses were poorly integrated and were working autonomously rather than as part of a global business. My clear impression having watched the company for a number of years is that Hamer / McTighe were on a mission to buy and build as quickly as possible and feather their own nests. Staff / business segments have been neglected and it couldn't have come sooner to get new management in including a new NED as reported today. 11 - I invested initially at 104p and have added all the way down to current prices. The plan was always to keep adding but at higher prices not lower prices. I should be happy with lower prices but even I have been taken back by the recent profit warnings. Clearly all investors will be spitting feathers (me included), however, WYG are not a fly-by-night blue sky company with a dubious business model. They have a good reputation in the market, work in some niche geographies / sectors that distinguish themselves from other Consultants and are a UK Top 3 consultant in some areas such as Planning. Its going to be a slow burn turning things around, however, looking further ahead its not unreasonable to see the valuation above GBP 80-90m given turnover of GBP 150m + I dislike token Director buying to prop up flagging valuations but management need to dig deep into their pockets at current prices and buy some stock to make it clear to the market that long term prospects are as sound as they make out. N+1 Singer's note this morning has 2019 revenue at GBP 163.5m, PBT at GBP 4.4m and EPS at 5.4p. The divi is also maintained (1.8p) and net debt is down to GBP 6.9m. Price to Sales is less than 0.2 which is exceedingly cheap for this sector. Lots to do over 2018 and beyond - I will be in for the long haul.
norbert colon
05/12/2017
19:31
Interesting agreed. Who is / are Walbrock exactly ? Odd to have such a detailed (negative) note so quickly on WYG ..... what's the motivation behind that report ? Is it a paid for research outfit ....? The co has accepted change is needed I would say with a new CEO for starters.Not saying all is rosy but have to say price is down big time already.Had 3 profit warnings already and I would now like the CEO to buy more shares to average a poorly timed buy earlier in the year.
value viper
05/12/2017
19:12
Walbrock82 - thanks for your post. I agree with most of your points. I wanted to buy this, as a recovery stock. I'm not going to at least for now. Basically, they don't make any money if you look over a 5 year timeframe. Negligible dividends paid...for good reason as cash flow is very poor. Why? Well the adjusted profits are misleading. Too many debits going into the separately disclosed area. Think the business needs managing better. Think Turkey is a big risk if that doesn't come in quickly. Probably priced about right at the moment. There is a risk of one more profit warning and a fundraise in my view so will hold off until the annual results.
topvest
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
castleford tiger
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 http://bit.ly/2jSSxCJ
walbrock82
05/12/2017
10:01
The new guy is across this. Bought more this morning.# 75% in now tiger
castleford tiger
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.
norbert colon
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?
topvest
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
value viper
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
castleford tiger
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
value viper
02/12/2017
08:24
I bought this time sub 40p Tiger
castleford tiger
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....
value viper
28/11/2017
17:21
going in for more tomorrow so see how fluid it is tigera
castleford tiger
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.
value viper
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
castleford tiger
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)
value viper
28/11/2017
13:06
"PW in 3's" angle ? give me a clue having a heavy day
castleford tiger
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.
value viper
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
castleford tiger
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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