Wyg Share Discussion Threads

[zipstuck] 24/11/2017 08:23

What this dire profit warning really means is that the company will make no money in the second half disguised. This will be clear in the interims.

[zipstuck] 24/11/2017 08:23

What this dire profit warning really means is that the company will make no money in the second half disguised. This will be clear in the interims.

[topvest] 17/9/2017 17:39

I will await the interim results on 5 December. If there is more bad news its likely then. Looks a reasonable buy if there are not more skeletons in the closet.

[topvest] 10/9/2017 19:27

Well I've just put this back on my watch list. Never held these, but looks interesting at a lower price. Too early to buy, but will reassess once the interims are out. Always best to hold off buying a profit warning for 6m or so. The only thing that worries me about the profit warning is the late payment issue on a major contract in Turkey. From experience Turkey is not always the best country to operate in terms of getting paid. Otherwise, the other issues look fixable.

[norbert colon] 07/9/2017 20:01

As I have noted before I have only recently invested in WYG although have been aware (and monitored) the company for many years.Without wanting to be too judgemental, I had a clear feeling the previous management were keen to feather their own nests, a clear example being the 'Transformation Incentive Plan' by which the Chairman was awarded his 1m+ shares. Having seen he CEO leave and the chairman now retire it's quite telling that they have cashed in their holdings in over recent days/weeks. One could argue that they have no faith in the business prospects going forward; others (such as I) see it simple profiteering irrespective of the bigger picture.Are there more skeletons in the closet? Of course this is very possible and investors need to do their research. Mine is ongoing...

[arthur_lame_stocks] 07/9/2017 19:30

I sold out of my holding today after doubling up on the profit warning.

After this news I'm not confident that their problems aren't worse than they are making out.

I'm surprised the price hasn't fallen today.

[mctmct] 07/9/2017 17:13

How did the Chairman manage to sell 1m shares at 64p without hitting the SP?

[arthur_lame_stocks] 26/8/2017 12:06

This company does generate cash and the balance sheet is sound. I think they could be a takeover target too.

[opodio] 26/8/2017 12:06

looks finished

[deanroberthunt] 26/8/2017 11:30

could well be a takeover target now....

[norbert colon] 25/8/2017 12:03

Clearly a disappointing update for shareholders although I was always sceptical of previous management and hence avoided until new CEO came on board.

Having bought initially around 100p I share the pain of other investors, however, fundamentally WYG are a well known and respected name and the current valuation looks even more attractive.

[deanroberthunt] 25/8/2017 09:38

Norbert, are u pleased now!

[18bt] 25/8/2017 07:14

The Friday profit warning combined with the new CEO's bit of rebasing the line from which he is assessed.

[norbert colon] 29/6/2017 11:34

?Encouraging and I continue to increase my holding.

[rik shaw] 02/6/2017 12:47

Just wonder how much the increased turnover will find its way to the bottom line as profit. I guess it depends how aggressively they have priced these contracts to win them.

[mktommo] 02/6/2017 12:33

Dropped back a little after the initial spike this morning but still a nice rise. Results now imminent too - so long as these are in line with market expectations or better that should be the last of sub £1 price. I'm happy to be in here and holding......

[norbert colon] 02/6/2017 08:20

Picked up small opening position after watching for many years

[18bt] 02/6/2017 08:07

Hopefully will create some interest: forward PER of 7x for a company which is developing a decent growth record.

[daicaprice] 02/6/2017 07:53

Not in here but that looks like some tidy contract news.

DC

[mktommo] 20/4/2017 15:55

That's some spread here....... let's hope it closes and there's some movement back above £1.

[mfhmfh] 23/3/2017 11:05

agree but everything being hammered right now with any hint of negativity. profit will still 25% up compared to last year.

[jch18] 23/3/2017 10:19

Another massive overreaction. Shares down 20%and it appears more buys than sells.

[paleje] 26/1/2017 15:38

WHI have a buy note with 172p target:-

This morning’s news from WYG shows how the business continues to shine
overseas, with €17m of new contracts announced, including a €7m award in
connection with the prestigious Connecta project, which in the longer term has the
potential to add a further €13m. This follows on from the rise in the order book to
£157m announced last month (+35%) and shows that WYG’s business outside the
UK remains in rude health notwithstanding the Brexit vote, which affected equity
market sentiment but has had no material or indeed any impact on the actual
business. This morning’s announcement shows how WYG’s locally managed and
well embedded overseas businesses continue to benefit from EU spending streams
in areas of specialist expertise. The company is expanding its long-standing
advisory role via Connecta (critical infrastructure investment and development in
the West Balkans), while providing assistance elsewhere with development,
governance and aid, as represented by the other contract wins announced today (a
further €10m). With these wins under its belt, the company remains well-positioned
to grow – and by all accounts there is further good potential in the market. Buy.