dazedandconfused
02 Jun 2017
Re: another consulting engineer Brexits.... Whilst today a smaller firm of consultants, Morgan Tucker, based in Newark, Nottingham & Leeds, went into administration with a loss of 65 jobs. Ten years of building up a business, and short-listed for national awards in 2015. Something doesn't quite add up in what should be a cash-generative marketplace for design & construct
dazedandconfused
02 Jun 2017
Re: 50m new contracts Never convinced their long-term public sector contracts deliver good margins; WYG had plenty before and came unstuck once already, bidding low. BUT the overseas stuff is a bright spot, and i agree they could be a bid target, especially after WTM and WSAtkins (and Amec) all have 'gone'!
thirty fifty twenty
02 Jun 2017
50m new contracts so what am I missing here?these contracts seem a huge marginal profit gain and as well as the actual turnover benefit, gives mgt more credibility, gives Africa scale and increases the chances of further contract wins.they were 'cheap' before the WTM bid but reacted little in this raging bull market...I rebought recently and had been selling out .... just not sure if this is a selling opportunity or a sign that the market has just mis priced these guys.. I guess a bid is not out of the question either.thought anyone?All IMHO, DYOR + BoLWYG is in my portfolio
dazedandconfused
09 May 2017
Re: another consulting engineer Brexits.. ...and another, albeit much smaller. Japanese firm to buy Watermans at an 80% mark-up. So where will WYG go next? someone has marked the price up today...
dazedandconfused
03 Apr 2017
another consulting engineer Brexits.. And the biggest remaining UK one at that; bid for WSAtkins from a Canadian firm.
dazedandconfused
31 Mar 2017
doubled up I couldn't help myself (even having lost out on these boys in their previous stock market guise) when the recently falling price went to 90.7p to buy this morning; think it's called averaging down. Or perhaps "throwing good money after bad"? But there have been a lot of consistent sellers this week...
thirty fifty twenty
24 Mar 2017
thoughts on RNS well that was a shock to the market!give a good indiaction that the market is in no mood for disappointment at the moment so there might well be a few more large negative falls in other stocks in coming months.WYG are doing very well overseas and have profit growth banked for next year.UK is still the main source of their profits and whilst most seems to be project delays that i have little issue with - i really dont like the explaination that they geared up for even larger growth. I just dont understand why with contract based and big growth in the bag they 'over -recruited' and why some of those could not then be re-deployed onto overseas work to minimise the costs.It seems poor poor mgt. I don't hold having sold out after the recent bounce,but I did think they were back on track - I think not now. Poor mgt, poor track record and surprises might follow again. The chart looks tempting at the 90p to 1000p support level of the last 3 years but i'm still not tempted - too much risk in a poor quality company!All IMHO, DYOR + BoLnot a hold
Simbrad
23 May 2016
Edison's note on WYG is up on Research Tree, it's free to access: "The FY16 update contained a bullish tone based on order book development and we increased estimates for both FY17 and FY18. This impression was reinforced at the company’s recent capital markets event, which explained the rising international opportunities for WYG. We expect momentum here to be a key highlight in the FY16 results announcement, which is scheduled for 7 June..."
mcescher
27 Mar 2016
Thoughts on WYG vs RPS Excellent WYG / RPS Group comparison. Have you guys seen this website before? I only just discovered it covers AIM. [link]
thirty fifty twenty
17 Dec 2015
Re: Pension Liability announcement d&c I agree it is a strong possibility.....they are a different beast now compared to the 'strategic review' in January.Mgt options and incentives - normalised,Euro projects think and fast and migrant works in their favourAfrican projects also getting scale and tractionchart and volumes confirms strong ii interesta reasonable risk / reward ratio at these levels I thinkAll IMHO, DYOR + BoLWYG is in my portfolio
dazedandconfused
17 Dec 2015
Pension Liability announcement Are they clearing the decks for a trade sale??
thirty fifty twenty
02 Nov 2015
at 128p HUGE volume and rising price at 128p there is a large chunk of shares traded,the price is generally rising of late in a falling market,it is now in 4 year high territory after the re-structure.all seems good to me....they are migration experts in Africa - growth market!they work with infrastructure on EU border countries - growth market to cope with migrants,their UK infrastructure is growth market.see comments in WTM interview that in many ways we are at the start of a multi year cycle!All IMHO, DYOR + BoLWYG is in my portfolio
Tenobas
09 Oct 2015
Re: Does anybody understand this share? And of course that is the problem with PEG = PE / growth.If the results are close to zero then the growth will be irrelevant but very high.If they made 1p this year and £10 next year then the growth is 1000.00 expressed as 100000 in the above ad PEG becomes tiny.
Tenobas
09 Oct 2015
Re: Does anybody understand this share? I do not have any position in this because I don't understand it.You refer to Broker forecasts for earnings.Where do these come from and does one have to pay for them?If it is a case of the company broker (W.H.Ireland) putting out numbers then it is of no value.Even if we accept that earnings will increase then as a once off thing that increase would have to be very big given that comprehensive income for 2015 was almost exactly zero.
thirty fifty twenty
08 Oct 2015
Re: Does anybody understand this share? Hi TSorry but I've spent a lot of time analysing the company so not going to share the detail of my personal calculations and research in detail. However if you look at publicly available broker forecasts...EPS to Mar 16 of 9p, and Mar 17 of 10.5p.My point was referring to the nature of the European Fund and World Bank Projects that are multi-year but profits are more so only booked towards the end of the contracts. These businesses have a relatively fixed headcount so when that is covered additional contracts filter more quickly to impact the bottom line. My opinion is that these EPS estimates will be beaten - based on comparison with the companies mentioned and the information they have provided about their businesses and market growth in the UK.Further, I expect further growth in EPS to Mar 18 which is reasonably certain given that contract based. And my assumption that they continue win their current high tender win ratio.Additionally the net CASH balance will increase.So in 2 years time there could be 15%-20% of the current share price in CASH,and (adjusted for that CASH) a low P/E ratio based on EPS to Mar 17.I think the PEG ratio in 18mths time will look very attractive if the price does not rise.Thus I understand why you feel the share price is too high,but my view is that if one looks a little further out the current price and more can quite easily be justified.The risks, as I see it, are that the European Fund and world Bank contracts do not get renewed when the budgets done in 3 and 5 years time and thus earnings to Mar 17 might turn out to be a peak. I have no crystal ball, so I will assume the current close relationship with these organisations will continue at current levels, until there is new and relevant information. I have declared my position as a holder for the medium term. Are you both holders?It is a small holding for me as the historically low liquidity I see is also a riskAll IMHO, DYOR + BoLWYG + WTM are in my portfolio
