Watch out for this one floating in the next few days, it could turn out to be the float of the year. Theres not much available on the company yet but I have found the write up below which shows the fantastic potential of this one. Note just how cheap it is.

New Issue: here's one that's more than hot air

Published: 12:45 Monday 27 February 2006
By Cliff Feltham, Companies Correspondent

Owners of thousands of buildings in the UK are facing massive bills over the next few years to comply with new energy standards, which is good news for new AIM entrant Worthington Nicholls.

Air conditioning and ventilation units using ozone depletive gases have to be replaced by systems using more environmentally friendly gases.

The measures are creating a windfall for air conditioning installation companies like Manchester-based Worthington Nicholls which is to float on AIM with a price tag close to 35 million.

The firm, which has been around since the early 1970s, needs extra working capital to cope with the influx of orders which will see this year's turnover climb from 11.7 million to nearly 30 million.

The flotation, sponsored by broker Corporate Synergy, will also allow founder chairman Peter Worthington, who is nearing his 70th birthday, to sell shares worth around 7 million.

After years of steady progress, the firm has seen a huge jump in work triggered by new energy efficient legislation flowing from the Kyoto Agreement.

The deadline for owners of buildings to replace air conditioning, heating, ventilation and chilled water systems using banned gases is the end of 2009.

Chief executive Mark Worthington, son of John, believes there are at least 9,000 buildings in the UK which will have to comply with the new regulations. But the figure could be much higher. ' We are talking billions of pounds here,' he says.

Worthington Nicholls has concentrated on servicing hotel and retail clients which include Hilton, Holiday Inns, Debenhams, Arcadia and Boots.

A new, energy compliant air conditioning plant in a high street store can cost anywhere between 80,000 and 120,000. Re-fitting a Debenhams branch cost 670,000 while hotels can expect to pay around 3,500 a room for a new air conditioning unit.

Worthington Nicholls offers a complete service, designing the system, managing installation and providing regular maintenance. At present income from maintenance contracts is running at around 20% of total sales but that is expected to rise.

The flotation, which is raising a total of 15 million, will also provide a warchest for acquisitions. Two deals have already been lined up with will add another 20 million a year to turnover.

Mark Worthington says there is huge scope for acquisitions. The company claims to be market leader yet it only has a 3% share suggesting plenty of room for consolidation.

The company is making some confident assumptions about future growth. Profits are expected to rise from 3.7 million last year to 8.6 million in the current year to September. By 2008 it is projecting earnings of 12.6 million on sales of 45 million but this does not take into account any contribution from future acquisitions.

Says Worthington: 'Stringent environmental legislation has changed our business. Now the large international hotel and restaurant groups prefer to deal with a single supplier. We believe there is huge scope for expanding not just in the UK but across Europe.'

Price of the shares being placed will be fixed over the new few weeks following investor presentations with dealings due to start in about a month's time.

Please DYOR and do not use money on shares you cannot afford to lose.

cheers GF.

someones soaking it up

450k more sells in last 5 mins @ 1.50 - agreed purchase of 1M ???? poss, and at what price.

According to Digital Look, Panmure Gordon have initiated coverage today with a Buy rating and a target price of 172p.

GOT IT thanks sg.

Will post below.

"Worthington Nicholls initiated with "buy"

Wednesday, February 14, 2007 5:49:50 AM ET
Panmure Gordon & Co

LONDON, February 14 (newratings.com) - Analyst Oliver Wynne-James of Panmure Gordon initiates coverage of Worthington Nicholls Group (ticker: W3L) with a "buy" rating. The target price is set to 173p.

In a research note published this morning, the analyst mentions that helped by regulation, raised demand for comfort cooling, and acquisitions, the companys HVAC business is poised for a long-running growth phase. Worthington Nicholls air conditioning installation business is being boosted by the adoption of air conditioning in hotel rooms, the analyst says. Based on the potential for making acquisitions and superior growth prospects, there is upside to the companys share price, Panmure Gordon adds."

Edit: Ah, beat me to it!

And one of its biggest volume days since floatation.

Ive taken profits on a few tranches today to make sure a profit is locked in. (a 2 bagger profit is too good to miss). I still hold.

Still think the company will be at a higher SP level 6 months down the track, and am waiting patiently for bolt ons.

Tipped in Saturdays Daily Mail.

Yes, this certainly is flavour of the day with the tipsters so far. Still holding k2.5, not a lot I know and I wish I had taken more at the outset, took profits on 500 recently to top up in SUN which I have a good feeling about. I will not be tempted to sell any more WNG however!

Glad your doing well out of this one Kim.

I also see this weekend that a new Broker? as backed this one, so monday could be a very interesting day.

On the move again positively.

And again!

That must be a new high.

It is ,,, i only hold a few now ,keeping those for a free run for the rest of the year,,what a great rise this has been.

Indeed , indeed.

Good stuff, 1.4775m installation fees plus annual maintenance fees, as a minimum - very nice:-

21 February 2007

Major new international contract secured

Worthington Nicholls Group plc (AIM: WNG) ('Worthington Nicholls' or the
'Company'), one of the UK's largest independent installers of air conditioning,
heating, ventilation and chilled water systems, has signed an agreement with
Australian software specialists Q2 Solutions Pty Limited ('Q2'), a leading
supplier to the InterContinental Hotels Group ('IHG').

Q2 has appointed Worthington Nicholls to be its preferred service provider to
install and maintain Q2's ESCAP IHG service software solution ('ESCAP') in
Europe, the Middle East and Africa ('EMEA') for an initial period of five years
with a rolling three year notice period thereafter. Worthington Nicholls has,
over the past six months, sent employees to Q2 in Australia to receive training
in the installation and support of the ESCAP system.

ESCAP is a bespoke web-based software product, developed specifically for IHG's
hotel brands which include InterContinental Hotels, Crowne Plaza, Holiday Inn,
Express by Holiday Inn and Staybridge Suites. ESCAP enables hotel managers to
benchmark and monitor individual hotel engineering and maintenance performance
on a global and regional basis, and ensures that engineering and maintenance
tasks are carried out consistently whilst costs and resources are managed with
increased efficiency. The system is currently successfully deployed in 66 IHG
hotels in Asia Pacific.

IHG has confirmed that Worthington Nicholls will be its preferred provider of
ESCAP to its estate of hotels within EMEA and will train staff, install and
operate the software in all owned, managed and franchised hotels that subscribe
to the system.

Under the terms of the agreement, in the first year Worthington Nicholls is
aiming to provide ESCAP to up to 197 IHG owned/managed hotels in EMEA. Upon
installation of the software the Company will receive a one-off licence fee of
7,500 per hotel. It will also receive annual additional software support and
maintenance fees payable over the term of the agreement. Worthington Nicholls
has already commenced the ESCAP roll out to IHG owned/managed hotels.

Worthington Nicholls will also market the benefits of ESCAP to IHG's 420
franchise hotels in EMEA. The contract value with IHG franchised hotels and the
cost of ESCAP support and maintenance contracts will be negotiated on a hotel by
hotel basis.

Mark Worthington, Chief Executive of Worthington Nicholls, said:

'This agreement expands the breadth of our services into facilities management
support. An important part of winning the Q2 contract was our principal
contractor status with IHG. This is a major opportunity for Worthington Nicholls
to continue to grow the business in the EMEA region. It has taken 12 months of
negotiation to secure this agreement with Q2 and we now look forward to
delivering it successfully into IHG's EMEA estate.'

& up 5p Bid 156p offer 159p

Excelent news. Another brick in the wall.

What a corker of a day, and when most stocks have had a bad un .

Another contract ,Another amazing day :-)

Hoping for same again thursday.