Wigmore is now turning a profit. A great little support services company that looks as if it is going to shine over the next few years. IMHO Any thoughts appreciated.

I agree. Did you know that they have recently ontained a contract from Scotish and Newcastle to build a 133 bedroom complex at Heathrow. More contracts are to follow so this share price shopuld rise dramatically. I cant understand why it went down 0.00125p last week after going up 0.00125p. More shares bought than sold. Have you any ideas or news on this company. I bought into this company about three weeks ago.

Sagem1

They have a good website which provides good information on the company, news on new contracts and full reports on financials etc. You can also register for their newsletter which should keep you updated by email. The email is in the CEO's name and he appears willing to be telephoned.

http://www.wigmoregroup.com

I think the price change is just the mm's trying to match deals. The underlying increase on buys and volume will move the stock forward in time. It's just tempting to keep buying at this level since belief in this stock suggests that this opportunity will not be repeated. IMHO DYOR.

I agree.....bought again today as these shares are far to cheap for the potential of this company.

I await the interim news today with interest.....

Now realise that Sharescope has the wrong date so need to wait another two weeks.

Well the price movement we were waiting for has started to come through. There must have been a stock overhang and there could be more to come with the interims on the upside.

hopefully yes.... lets see what the results bring.. don't forget..

possibility of gala casinos...

Shares magazine were keen on these in yesterdays edition.

the title says it in one... great growth stock... seriously with the gov wanting to build las vegus type casinos.. i feel wgt will benefit... v. good pot ....

order book 11mill .. and more to follow...

Results now 16th September. It is said that more contracts on the way especially one large contract with a well known high street pub retailer.

a 2.-3p spread.. good growth prospects and some contracts would be nice... generally i'm expecting improved results .. that will show we will be moving into a growth stage from the embryonic one that we are in already..

ANOTHER CONTRACT WIN... THIS IS LOOKING GOOD AT THESE LEVELS.. BUY...FOR GROWTH...

big buys still filtering through...

still buys filtering through... there is an overhang with the stock .. once cleared should fly... results out on the 16th ... ..

good luck...

I am holding this one and MMG.. good luck..

Still looking for a good upward swing over the next week or so with buyers finally winning the day and good interims.

good un.. in the waiting .. growth potential here is good, interesting to see whjat the results will show...

good luck...

over 12 mill traded today... many with placements.. t'will be an interesting few weeks coming up....

Interims not as good as we might have expected. Upside seems to be in what the company are promising in the second half. No loss of faith as this is early days in a growth story.

Have another look. Shares being bought heavily today.

Good 15 % rise across the day.

More good contract news today.

Bought in early.. lots of good news etc.. etc.. but nothing's happening to the stock price...?

Nobody secures contracts during late Dec and Jan. Once we move into early spring I think the news flow on WGT will continue as before. Every chance that this share will generate significant interest. I have topped up in the last week and I am feeling positive about good returns over the coming months/years. IMHO

Last time i spoke with Mr Hewitt 7 01 04, i asked him how the order book
was looking now compared to interim stage and he said if anything it was
a lot stronger now than then which was positive.
We have to allso consider the affect Blanchards will have at year end.
Turnover previous twelve months just short of 7 million with profit of
400,000.

On 16th of october Blanchard won four contracts value 1.1 million, at the
time the Wigmore management said,

These orders, which far exceed expectations made by Wigmore's management at the
time of Blanchard's acquisition two months ago, illustrate its potential.

Speymill now trading well,

Although Speymill endured a slow start to the year, which I explained in my
statement for the AGM, it has certainly made up for lost time in the last few
months with a number of notable contract wins.

Speymill, was slow in the early part of the year but has now picked up and I am
delighted to report that all of the Group subsidiary companies are now operating
profitably.

It seems to me that the only negative i can find is indeed the shareprice,
and surely this must be re rated in time. Hopefully full year will show
t/over 15/16 million and fingers crossed a profit, what would that do to
shareprice. aimho of course and dyor.

And another contract win,roll on year end.

The Wigmore Group plc

1.2m contract win

AIM listed support services group The Wigmore Group plc is pleased to announce
that Speymill, it's Leisure and Hotel Division, has been awarded a 1.2m
contract by Closegate Hotel Developments (Stevenage) Ltd.

Work on the new hotel situated, in Stevenage, is scheduled to start in late
January. The project comprises of a design and build to form a developers shell
for a new 5 story Premier Lodge hotel with 115 bedrooms and includes restaurant
and bar facilities.

The contract period is 18 weeks and is worth in excess of 1.2m.

I topped up again on the recent drop at 2.6p. This one has got to fly this year.

Good move Prophet., I bought 50k shares @2.7p six months ago. I agree this is due for a big increase. Everything is in place for a re-rating on the next set of results...Good luck ..:)

added 57k at 2.62p hoping it sprouts wings, eagerly awaiting results

Nice one. saw it go through.should at least double over next 3 months. They could go down a bit first though, to generate investor interest. if they do I might buy some more as well.
Any idea when the next results are due out ? last year's came out end of June

Wot ! no price rise ! all substantial buys today and no increase in the share price ? must start to go up soon,,, and I reckon results will be released in 2nd half March (IMHO).. Time to get some more in before the hike !

Having said that,, a sell of 14000 went thru' at 2.35p ! can never understand why peeps sell just before good results are going to be released ? (This share must be due for a re-rating. upwards!)

Not long to the results and we have a great support level at 2.5p. I still expect WGT to grow strongly over the next three years. At this level I have topped up twice. I'm really expecting Wigmore to soar over the coming months. DYOR.

I think it needs seriously more volume for the price to rise, but I expect this over the next few weeks.

What price is possible over next 12 months?

Difficult to say.. this is one of those shares thats done nothing over the past two years despite all the good news. The should get a re-rating on the next results/ good news. It should double at least, maybe treble. It deserves to be a lot higher than it is today ! 10-12p in a years time is my prediction (DYOR):)

MAXTON

Any prediction on price has to be in the main based upon how many people notice the story in these early stages. With the right exposure we could see a double digit share price. More importantly the underlying fundamentals are so good that 10p and higher will arrive at some point. This is the key point. You might get 10p in less than a year or it might take two. Crucially it's only 2.5p now and this price level will not be around as an entry point 12 months from now. IMHO

Awesome buying today (1.7m).volume coming through at losn last. Cannot understand why the SP is not going up as results must be due soon and with it positive re-rating. watch this space ! :)

Prophet

You say that the fundamentals are so good that 10p will arrive at some point. That would imply a market cap of 12m compared to its current market cap of 3m (and a quadrupling of share price). Can you please explain how? as I have been looking to buy in but can't justify those levels.

Currently, the company is loss making though this may turn to profit next year. They have a current net asset value of just 0.5m and this includes nearly 4m of goodwill from recent acquisitions. I accept that the recent acquisitions will add to the bottom line. Current buying looks positive and the company looks like it will be successful years from now but currently appears to be fairly valued IMHO - am i missing something?

Don't think you're missing anything Fundamentalist, apart from the fact that there is definitely something brewing here, volumes on shares like these don't suddenly tick up for no reason. 10p might be an optimistic, but it could well double in the next few months. Good company with a solid reputation in the building trade. Check it out further!

Fundamentalist

My comments were in response to Maxton's query. 10p was suggested as a target price based upon growth to come. I have concentrated on Mears (45%) and ROK(115%+) in the last two years. I still hold these and in ROK's case I am convinced I will double my money again. I then checked out WGT last year and saw a great future based upon all the information available. I expect significant growth in contracts - turnover and profit. We may also see takeovers in the next two years to further expand the business. I like this share a lot and don't see 10p being a problem, what I can't foretell is how quickly we are likely to get there. I said yestreday that the 2.5p wouldn't be around for long and we are up 10% today. It might drop back before going forward but I am convinced these levels (whilst fair value on paper - so you are right) are far to cheap for the story which is unfolding here!!

Thanks guys,

I shall keep a watching brief until the results are announced - anyone know what date they are (or am i right in assuming a date hasn't been announced). Good luck to all holders.

Prophet - ROK still being tipped by Hemscott analyst (both a month ago and again today) - I'd still be happier if they bought out GFRD at a nice premium lol!!!

Well WGT up another 4% today and still we await the news which surely must be coming sonner rather than later. I wonder if we will see enough volume in the morning to take us higher? Nice tick up on ROK as well today.

Yes, SP is still moving up.. gradually. There's no announcement of when the results are due yet.. last yr, full yr results came out on 30/06/03 and interims came out 19/09/03. so it's anyone's guess as to when they will announced this yr...

Contract win announcement today for 1m... looking good but results are probably still a month or two away or they would have released at the same time.. unless there are more potential contracts wins in the pipeline due to be complete soon. :) SP should continue to strengthen over next few months I reckon :)

A relatively small contract but for Blanchards which is encouraging. The Local Authority market is huge and once in you stand a good chance of contract renewal and other tenders. I think these issues are more important than the actual monetary value of this one. More could certainly follow. IMHO

100k buy just gone through. Wonder if we will see further upturn on volume shortly?

Tuck these away because they should do well over the next 3 years - taking any short term profit on the results may prove foolish.

I expect them to continue to buy other unquoted companies in the next 3 years copying the Mears approach - and share price gain.

Company Wigmore Group (The) PLC
TIDM WGT
Headline Re Contract
Released 07:00 29 Mar 2004
Number 0088X






RNS Number:0088X
Wigmore Group (The) PLC
29 March 2004



THE WIGMORE GROUP PLC

Speymill - 700,000 Contract Win

Aim listed support services group The Wigmore Group Plc is pleased to announce
that Speymill, its Leisure and Hotel Division, has been awarded a series of
contracts by The Spirit Group worth, in aggregate, over 700,000.

The contracts are for the refurbishment of 28 pubs for The Spirit Group, as part
of their planned refurbishment of their estate throughout the UK. The contracts
start in early April 2004 and run for 8 weeks.


Peter L Hewitt
Executive Chairman

____________________________


For further information please contact:

Peter Hewitt Executive Chairman 01293 423 301
Mark Sidlin Finance Director 01293 423 319
Jeremy Porter Seymour Pierce 020 7107 8000

Note to Editors:

The Wigmore Group PLC (LSE: WGT) is a focussed support services group deriving
its business from a mixture of term contracts with good covenants, after-sale
housing services, domestic and commercial building insurance solutions, and
speciality contracting. It provides business to business building and
maintenance services to both the public and private sectors as well as fast
track design, construction and property refurbishment services to the leisure
and hotel sector throughout the UK.
www.wigmoregroup.com

The Wigmore Group plc has three principle subsidiaries:

www.speymill.com
----------------

www.fnpm.co.uk
--------------

www.dfblanchard.com
-------------------

Small contract but bodes well for expanding customer base.

Well results out on Tuesday. The biggest day in WGT's devlopment as a growth company yet. If the results impress the price must be ready move up. On the other hand there has ben a steady stream of sellers. My money is on WGT proving us right.

I agree the results AND outlook statement are crutial to attracting some investment interest.

There are lots of rumours about contract wins so lets hope the statment is positive and attracts some institutional buying.

Well the results point to a good future.

Nice move upwards first thing.

Wigmore suspended this afternoon.
To be lifted next Wed 5th June. but... Wed is 2nd June...anyway, must be a big aquisition due and massive placing of shares to fund it. etc.. Will be interesting to see what it's all about !
Anyone have any views ? :)

It is rumoured that Wigmore Group are buying another company together with a rights issue. I dont think they have run out of cash as suggested by some investors, they could have raised a lot more cash when they raised the 495,000 if they wanted to so that it not the issue.
Does anybody have other reasons.

Well, still nothing announced... perhaps they did mean the 5th June afterall ? on a Saturday?

This is turning out to be a real cliffhanger ! Will they be;
1)Reversing into a much a larger and successful company and the share price rockets ?
2)taking over another company but will need lots of further funding for it - share price plummets ?
3)Wigmore being taken over ? share price ?
4) or company gones or is going big tits up and folds ? share price disappears ?

Which is it going to be ?....watch this space ! IMHO, DYOR, PYO. :)

Well, surprise surprise ! It was option 4 ! :-(
Gone tits up in a big way. Share price almost disappeared. Good time to buy (IMHO) How long is it going to take to get back to 3p ?

Anyone with any views?

This was on my watch list!!!!!!!!!! by the grace of god!!

How the heck does the CEO keep his Job after a shambles like this - shareholders need a someone who knows what he is doing.The PR for Wigmore was great - pity it was not true!

Wigmore Group is now a prime bid target by possibly ROK BUILDERS the 12 million order book would be the attraction plus turning the company round........a doddle to ROK, much more of a bid prospect than a recovery stock.Stock building is already going on so stand by for the fireworks.

i smell a rat here does anyone else ????

I smell an appaling management team who should all be sacked. they have continuously runied shareholder value and are not worthy of their jobs, they should all be dismissed. Hope ROK does take it over for the average employee as Rok are a very good firm, they should fire the existing managers and board though!

Down another 33% what a bag of worms some very big mistakes have been made.
ROK PLEASE JUST BUY THEM OUT.

why did share magazine keep recommending wigmore,its very strange.

'Cos the're crap, hadn't a clue what was going ? I doubt it. They would've been keeping a close on this and should've at least rated this as a hold or reviewed WGT with caution.
Shares Magazine are full of instances where there is alot of bullishness on certain shares with regular buy recs..(best thing since sliced bread etc.)...then nothing.. all goes quiet until there's bad news and SP dives..

Anyway with WGT, it's slowly creeping up again.. good time to buy now.. but it's going to take a long time to get back to 2.7p, which is where I came in about a year ago. :(