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.

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.