Having followed this stock for some time it appears from searching out news and stocks to grow that this share could explode over the next few months. Seasonally, WHOG share price seems to benefit each autumn with the frenzy of buying Xmas presents for new generation Sony Playstation, Microsoft XBox & Nintendo Gamecube platforms. This autumn Electronic Arts is scheduled to launch the new Harry Potter & Philosopher's StoneTM game developed by WHOG - no doubt a big selling product - but will EA and WHOG actually launch the game in time as EA has not given out any press releases yet.

Does anyone have any thoughts on this subject?

What an inept piece of management and what a lack of integrity from the warthog management.They have reduced the share price down to approx 20% from my original investment amid talk of new games and upbeat messages. and then silence .......No news at all, but rest assured they knew what was happenning but communicated nothing. They are a typical example of why investors depart the stock market.Lets hope the management( or hopefully their replacements) put together a recovery package which the city will believe in. The rate of their demise and the lack of initial information communicated means there are probably others like me who have no option but to wait in hope for a recovery.
Sad days

wfagg, I agree entirely - we've all been done like a bunch of kippers.

Silence can sometimes be a good thing, though in this case we should have seen a profit warning much earlier, given all the previous hype.

I am well shafted in this stock as well after buying on all the hype about the Harry Potter game and Battlestar Galactica licence.

They have cost me a fortune and like wfagg I am stuck with them hoping for a major recovery!!

They cant go any lower than 2p can they?? Who knows ?? Bought loads at 17p.

It looks as though they are oversold now and that a recovery is possible (don't know about a major one though).

For most people who didn't manage to sell immediately on the profit warning, it's not worth selling now - better to wait a while and get your money back, rather than sell for beer money and regret it later.

Should the company have a good plan to keep the cash flow going, this sort of disaster can quite often be a severe wake-up call to the directors and spur them on to the previously uncharted ground of effective management.

Just look at what's happened to RTD over the last year. A year ago on the BB's (and in the financial press) all people were interested in was carping on about how bad the management was, now the directors have got down to the serious task of making money the company is looking very strong.

The same could just happen to Warthog. Speculators are already buying in. These are the people who buy in at the bottom and make a good profit on the way up to the next stage (it can a be very quick way to at least double your money). I'm not advocating here that existing investors "average down" because this can be bad for your financial health (should things go worse than expected, you'll be doubly kicking yourselves), however anyone looking to get in at the bottom for the first time could be well rewarded.

How many times have you done the same as me and bought into shares half-way up their meteoric rise, thinking to yourself - I should have bought them at 3p/10p or whatever ?

A punt at this stage is still highly speculative. The less daring of you still with an interest in Warthog may be more tempted to heed the advice of Rothschild who said his secret of success was that he always bought too late and sold too early.

The recent Looney Toons game must be selling steady,its in the Gamecube top 10 at least.Richard Burns Rally will be realeased in the spring.It has been getting very good press (game mags) prior to launch.It will be released by SCi & should be a really big seller.
These games may just see them through but they need to do the business with any new licences.Any clues on whats next???+

Warthog PLC
08 April 2004


Not for release, publication or distribution in or into the United States of
America, Canada, the Republic of Ireland, the Republic of South Africa,
Australia, or Japan or their respective territories.

8 April 2004

WARTHOG PLC
3 for 2 Rights Issue of 73,562,166 New Ordinary Shares at 2 Pence per Share
8,500,000 Unsubscribed Rights Shares Placed

The Board of Warthog plc is pleased to announce that of the balance of the
non-underwritten rights issue, 8,500,000 New Ordinary Shares have now been
placed primarily with institutional investors.

These shares were placed at the rights price of 2 pence per share. Consequently,
there are no net proceeds which fall to be distributed to Qualifying
Shareholders who did not take up their entitlements in accordance with the terms
of the Rights Issue.

It is expected that definitive certificates in respect of the new ordinary
shares will be despatched to those shareholders taking up the rights by 15 April
2004, with CREST accounts being credited today.

Enquiries:


Warthog plc 0161 608 1200
Steven Law (Chief Operating Officer)
Simon Elms (Chief Financial Officer)

Merlin 020 7653 6620
David Simonson / Kirsty Black

Acorn Corporate Finance Limited 0870 122 5420
Harry Dutson


This information is provided by RNS
The company news service from the London Stock Exchange