Tenobas
08 Oct 2015
Re: Does anybody understand this share? "my analysis and understanding indicates that earnings will increase significantly over next 2 years"Perhaps you could enlighten us by pointing to where you get those numbers?
Ramptastic
08 Oct 2015
Re: Does anybody understand this share? The PEG is a forward looking metric. The forward PE is 12.6.Jim
thirty fifty twenty
08 Oct 2015
Re: Does anybody understand this share? hi Tagree that per stats PEG is 0.31 and high P/E ratio.and no doubt this has impacted why the share price has historically been lower. my analysis and understanding indicates that earnings will increase significantly over next 2 years, I would expect a high P/E given the net CASH on balance sheet and CASH generative nature of the business. in particular the 2 oversea divisions in Africa and developing Europe states are both about to have step change in growth over the next few years.So what I like about the company is that you have to delve a bit deeper and be comfortable with a 2 or 3 year profit growth view to justify the current price. I also take comfort from the rising price in a falling market - those that know more than I have been steadily paying more over the last 12 months.All IMHO, DYOR + BoLWYG is in my portfolio
Tenobas
08 Oct 2015
Re: Does anybody understand this share? "The PEG is a lowly 0.31."With a P/E of 43 this company would need to be better than doubling earnings annually to have a PEG of 0.31.
thirty fifty twenty
08 Oct 2015
Re: Does anybody understand this share? hi d&cit seems to me quite a simple company to understand,and the recent rise has been a time in coming but fully justified.....1 - they have CASH of about 20p a share which will grow as they are a CASH generating2 - their UK business of infrastructure consulting is at the start of a 5 year sweet spot - confirmed by recent results from COST, RPS, VLE, WTM 3 - icing on the cake is their 2 growth opportunities - Africa + Euro developing states,these business have confirmed 3 to 5 contracts but the accounting rules means that profits will not be booked until the last year 2017 onwards (mostly) ...so their is very good visibility regarding profit growth and more importantly CASH generation.To me the CASH generation is real hidden gem ....at the moment the market is talking about earnings growth and the CASH is a nice cushion,but in 12 months it will be obvious that the CASH is , and as its increasing, too high and inefficient,and the company will then need to choose between higher divis, buy backs, acquisitions,which all support a higher than average rating. All IMHO, DYOR + BoLWYG is in my portfolio
Ramptastic
08 Oct 2015
Re: Does anybody understand this share? Looks like Giles Hargreaves has picked up 11% too....
Ramptastic
07 Oct 2015
Re: Does anybody understand this share? Just bought in.In theory this is a late recovery play from since the credit crunch, on the back of enhanced UK infrastructure spend.Slater have just bought 11.0% of the company and I've followed suit.The PEG is a lowly 0.31.Jim
Tenobas
07 Oct 2015
Does anybody understand this share? ?
II Editor
24 Sep 2015
NEW ARTICLE: WYG in fresh attempt at chart breakout "Despite being slow out of the blocks at the start of the year, engineering consultant LSE:WYG:WYG has made up for lost time with a fat order book reflecting improvements in both the UK and overseas business. And the shares have momentum, too. ..."[link]
thirty fifty twenty
24 Sep 2015
at 115p growth confirmed WYG is an infrastructure consultant.It is global and growth!UK infrastructure is booming (good read across to WTM, COST + VLE)and there is growth from spend Euro fragile states money and World bank money in Africa.(I will try to find out from mgt if they benefit for migrant infrastructure spending in Europe)yet 80% + of profits are from the UK.At the AGM today it will be confirmed that the directors had to give back options schemes they had equal to 15% of the share price. These converted at a max up to 150p.Shareholders objected to them and , to me, its logical that now such objections are gone - everyone has an interest in getting the price higher. There is big growth story!3 years ago they said they would reach 9m PBT by Mar 16, (this is market fcsts, EPS = 9p)recently they said they would reach 15m PBT by Mar 18 (market fcsts go to Mar 17 of 9m PBT)so there seems a disconnect between what the directors have said and what market current expects. WYG have talked about acquisitions so I think the difference will come that way.....WYG have £15m of CASH (why would they then want a £25 loan from HSBC?)AGM statementThey say that UK infrastructure is trading strongly - note benefit for WTM, and VLEAlso that order book for euro spend will drive growth for 2016 and beyond.H1 profits are expected to be 2m (as last year)but LY H2 was 4m - this year H2 will be 6m.They can be confident to meet that growth b/c they know of contracts won and will unwind profit as time elapses.....What are they worth?EBITA can reasonably expected to be c.11m 2 years out.MV (with 70m shares = 80m) but adj for CASH is only 65mso they are rated at only 6t EBITDA - that is low and there is a lot of growth to come ......One might expect they be rated at 7t (= 130p),but also if they spend their CASH wisely can increase profit dramatically.....and maybe build a growth country consultancy....The chart....The chart is very positive - golden cross and relative strength.There is a 2 year band of trading between 100p and 115p that they have now broken out of... Such strong relative performance is telling us something and business growth is good,so the chart has forming a flag as it begins stage 2 of growth post 2008 restructuring.All IMHO, DYOR + BoLWYG is in my portfolio
Tenobas
14 Aug 2015
Re: Shareholders So 70% 11 investment funds.
Tenobas
14 Aug 2015
Shareholders Henderson Global Investors 7,511,187 10.98Robert Keith 7,437,349 10.88Hargreave Hale 7,000,000 10.24Artemis Investment Management 6,157,793 9.00Soros Fund Management 5,819,424 8.51River and Merchantile Asset Management 5,061,723 7.40Majedie Asset Management 4,357,400 6.37Franklin Templeton Fund Management 3,512,500 5.14GoldenPeaks Capital 3,053,564 4.47Henderson Volantis Group 2,791,509 4.08Fidelity Worldwide Investment 2,547,726 3.73
Tenobas
14 Aug 2015
Why no discussion There used to be a lot.
II Editor
09 Jun 2015
NEW ARTICLE: WYG decides to go it alone "After a four-month strategic revenue, LSE:WYG:WYG has closed the book on a potential sale or merger, deciding instead to go it alone. The engineering consultant marked the occasion with the £1.4 million acquisition of FMW Consultancy and a set of ..."[link]
