I bought into these yesterday and they are rising steadily. Main market listing with results in August and the market seems to like them. They are in the rapid growth oil and gas support area.

WSM has been written up by Quantum Leap this week (psst! they have also promoted a few stinkers of late thanks to dodgy markets), but it is certainly an area in which i think it well worth investing .... hence my regular touting of PFC.

finals are due 2nd April and if the markets continue to be volatile at best, then there could well be (sorry!) better opportunities to jump in .... nevertheless, have put on my watchlist and will prob buy in due course, 12.00 being the obvious sort of level

THANKS FOR KENZ

bought some this morning at 1287 and also some WG. at 403.5 ..... i like the sector a lot, but had taken my profits in PFC yesterday or the day before

I hear a whisper that a well known naked individual is looking this one over. i'm not a subscriber but would hope he likes this one.

all slightly puzzling .... delighted that sp has shot up today, as has WG., but there is certainly no news out, other than riding on the back of the t/o approach to Expro, so ask myself whether or not i should bank a very quick but very nice profit.

with quite considerable reluctance, i banked my very tasty profit ..... it is far from impossible that i shall venture back again tomorrow, but if Dow turns nasty during the evening, and all markets are very unstable at the moment, then that profit could easily be wiped out before London opening

i could equally or even also have sold WG., but decided to hold that as on balance i thought it may have more going for it in terms of being a t/o target and also that it was recently recommended by Quantum Leap at 419

It is oil driving the gains at the moment !

Kenz up v. nicely today thanks RB.

glad i hold PFC and not WSM ..... don't think i could have taken the pain of two stocks getting totally smashed (this + IEC) .... i assume the figures disappointed though i have not looked

just looked at the resume ... all looks pretty good to me, so what did i miss?

Very odd indeed. Could be a good buying opportunity soon - Level 2 indicates it could fall further. There must be something else behind this; the fall is too great even for these (apparently) good results to have been factored in.

market clearly thinks so too ...... halved its loss yesterday and up again today .... coincidence or not, sp bounced off 25 dma yesterday

sp was whacked this morning when it was reported that Candover had placed its entire 14% holding .... however, on the basis that the shares were actually placed, implying no overhang, and the recent figures were excellent, i think the shares are worth a dabble ...... risk is that the markets generally will tumble, indiscriminately taking all and sundry south

Presumably Candover cant see much upside for the time being.

not necessarily so ...... could it not be that Candover needed to take some profits to enhance their liquidity or something?

Well, a minor blip & then the steady climb again.
Am unable to find a broker target for this at the moment, but anyone any idea how much further this can go before it becomes over valued?

LONDON (Thomson Financial) - "Oil services group Wellstream Holdings Plc. said it has won a four-year framework agreement from Petroleo Brasileiro SA worth over 600 million pounds.

The contract covers the procurement of standard 2.5 inch to 9.5 inch flowlines and risers between 2009 and 2012, the company said."

.... lifted from across road

Wellstream Holdings PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Blue Oar Securities
06-03-09 BUY 76.30 52.90 12.00 91.70 64.50 13.20

Evolution Securities Ltd
02-03-09 BUY 73.10 50.70 10.00 86.40 58.30 12.00

Arden Partners
02-03-09 BUY 78.90 54.40 9.30 91.80 62.60 12.50

ABN AMRO
10-02-09 HOLD 75.29 51.29 10.26 84.67 57.27 11.45

Seymour Pierce [R]
16-05-08 BUY 70.70 50.40 10.00

2008 2009

Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p
)
Consensus 76.71 52.10 10.42 85.52 59.22 12.00

1 Month Change 0.04 0.03 0.01 0.02 0.06 0.00
3 Month Change -2.60 -2.24 0.04 -6.05 -3.95 -0.17


GROWTH
2007 (A) 2008 (E) 2009 (E)

Norm. EPS 0.73% 50.89% 13.67%
DPS % % 15.16%

INVESTMENT RATIOS

2007 (A) 2008 (E) 2009 (E)

EBITDA 55.52m 89.46m 103.27m

EBIT 50.25m m m

Dividend Yield 0.00% 2.71% 3.12%

Dividend Cover x 5.00x 4.94x

PER 11.15x 7.39x 6.50x

PEG 15.25f 0.14f 0.48f

Net Asset Value PS 63.06p 144.23p 197.68p

Good to see Robbie Burns (naked trader) long on this one. From his web site...

"After taking losses initially on Wellstream (WSM) I bought back at just over 400 and managed to take 10% as it went back to 450. However I won't claim credit for this as it was between updates.

But I did buy a further lot after they tumbled again which I still have, 1,000 shares at 365.4. Target 440 stop 340. With its volatility my previous mistake was to not to treat it as a more short-term trade. So this is what this will probably be"! .......... ENDS.

Dont always agree with him but I think hes called this one right although his trading length may be a little longer now that the markets are rallying

Wellstream downgraded to reduce from buy at Arden.