winningstreak
18 Apr 2018
Re: Results Hugh - A can not see any sign of a 'wreck' as you call it, whatI can see is T/O at around £90m and EPS at around 9p. Not tomention the rather healthy Dividend. No wreck!ws
Hugh Betcher
07 Apr 2018
Re: Results So we're agreed the statement was wrong and makes no sense. In which case one has to ask oneself, if they can't write a simple statement (probably the most crucial part of the whole thing) what faith can one have in their ability to turn this wreck around?
winningstreak
06 Apr 2018
Re: Results Should have stated: "Below the Boards earlier expectations, but currentyear's profit still to be above last year's profit". Last year's profit was good, so a bit better this year will be just fine. Look at the low PE-ratio, look at the rising handsome Dividend.WGB is currently seriously undervalued, IMO. ws
Hugh Betcher
06 Apr 2018
Re: Results The language is not "absolutely standard" because it is wrong. What they meant to say is that full year results are now expected to be below the board's previous expectations. They can't say they expect something to be lower than their current expectations as that's clearly circular. Well, they can but it's obviously nonsense.
Biscuit Barrell
05 Apr 2018
Re: Results The language is absolutely standard. It means downgrade from consensus analyst forecasts - but not so much that there is year on year declin
Hugh Betcher
05 Apr 2018
Re: Results Maybe that's what they meant but it actually says the board expects results to be below their current expectations. Which makes no sense. If they can't even draft a results statement which makes sense, is it any wonder the share is on its knees? What are Buchanan and Investec being paid to sign off such nonsense?
winningstreak
05 Apr 2018
Re: Results It means: 'Ahead of last year, but not by as much as earlier expected'. Sound good enough prospects to me.ws
Hugh Betcher
05 Apr 2018
Re: Results How can the company put out an announcement which - on it's first page - says "the Board expects that profits for the full year will be ahead of last year's but below current Board expectations". If they expect lower profits that must be there current expectation. The statement makes absolutely no logical sense. Who writes this drivel? Does no one check it? Based on that alone, I won't be buying shares in this company.
winningstreak
05 Apr 2018
Results Results look good to me. Even the outlook looks good enough considering the anticipated fast rising income from the highly lucrative licencing part of the business.In my view the shares are currently very cheap at 127p.Could easily rise to 150p+ over the coming months, IMO.ws
Biscuit Barrell
06 Feb 2018
Re: Full Year Trading Update Yes - indifferent - but that indifference led to a 45% drop in the share price which seems more than a tad over-done.
The buzz
06 Feb 2018
Full Year Trading Update Discounting sales from the acquisition, I would suggest the trading performance of the 'original' WGB is a bit indifferent. Not sure how much this was affected by the fire at Loughbrough. Colefax reported recently and they had some impressive increase in sales to the US - I am not sure if WGB's sales the US have grown that much, albeit a relatively smaller proportion of overseas sales compared to CFX. With last night's big stock market falls in the USA and far East, I am not sure that this trading statement is going to help WGB's share price much today. I am just going to my 'dug-out' to see what happens today on the LSE!The B
TX2
07 Dec 2017
Re: The fire is not the issue Why should n't poor sales continue into next financial year?What is so special about 30 Jan 2018,start of next financial year,that everything will revert to previous levels?Was the good demand that the up market products from Standfast factory had enjoyed in the first 9 months of this year the exception perhaps because their products had been in very short supply for the year previous year due to the closure of the Lancaster Standfast factory and merely pent up demand and things have reverted to a more normal demand?After all the feeding frenzy in buying over priced London flats which require kitting out by "investors" in the hope that they could flip them for even more has ground to a near halt certainly would have helped sales.The Far East "investors" are buying Bitcoins instead!I thought the shares were expensive at 200p level based on previous figures;Maybe they are reasonable value at present level IF we see an uptick in sales in the near future but it is far from a certainty.The new price may be the right price at best.
Biscuit Barrell
07 Dec 2017
The fire is not the issue IMHO the fire is not the issue. If the maximum profit impact is £0.5m then the indication here is that this is small, some unwelcome distraction, another insurance claim, etc, etc but not a sell signal.The shares look oversold based on the information shared with us shareholders. A few months of poor sales performance highlight the vulnerability of the business to economic fluctuations but do not halve the value of the business which wasn't trading on aggressive multiples in the first place.The loss of brand director suggests that the business executives believe that there have been mistakes made and that these can be rectified. Appointing new marketing execs does not lead to immediate changes in fortune , but I believe these brands are pretty resilient and can recover any lost ground. Is there a lot of lost ground? Well there cant be that much given that trading was ok 6 months ago.So I for one expect the recovery to continue allbeit the 230p share price may not be back for a wh
Another Jacko
06 Dec 2017
Re: Burning the paper That was a joke by the way just in case anyone thinks i'm seriously accusing them of criminal conduct.
Another Jacko
06 Dec 2017
Burning the paper Looks like they can't sell their wallpaper anymore so now they're burning it and claiming the insurance.
