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.

The WNG sp drop has been overdone in comparison with CART and RNOW both of which has risen after recent losses from bad news.

This has been a v fustrating week but unfortuantely this has now become traders share & many are not looking at the fundamentals but then even they provide a mixed message based on the RNS since last week. Majority will look for a 10% gain whenever there is a dip.

Sad to see GF leave the ship for now which may lead others to follow as he has a good trrack record.

I will hold for now & keep everything crossed that they can turn it around v soon. However I believe that we need some contract news, the longer time goes without some, the chance is it could go lower (I hope i'm wrong though!).

GF, if other parts of the financials were stated as incorrect, shouldn't the last RNS also mention that the rest of the numbers are being reviewed ? Surely they would be considered to be candidates for 'fraud' ?

mmmhhhh ending the day on a low does not bode well.

Fixing figures neither.

LISTEN CHAPS THINK YOUR GONNA GET STUCK HERE.

LOOK WHAT HAPPEN WHEN WIGGINS FIDDLED THE BOOKS---IT WAS THE DEATH OF THE COMPANY.THE CITY NEVER FORGETS AND GETS YOU BACK FOR MAKING FOOLS OF THEM.

A SLOW MISERBALE DEATH UNTILL WIIGEN FINALLY WOBBLED COUGHED ROLLED OVER AND DIED---LEAVING SHARE HOLDERS WITH NOTHING JUST AGONY AND LOST PENSIONS.

AGONY FOR SHAREHOLDERS IS NOT A PRETTY THING, ASK LEEDSLAD WHO POSTS HERE.

May I suggest something and before doing so let me say this, you are all big boys, we will clap when you win and forget you when you lose.

Thats the nature of the beast.

But for those of you who have lost. you can make your money back and more.

But please spend the weekend doing your homework.

I have done years of it and I can safely tell you, as safe as any LSE investment can be, that in less than a year. six months approximately you "WILL" make 100% return plus if you buy MLR at today's prices.

I have built up a pretty big stake in MLR from 7p up and did in fact buy today---so its no skin off my snout if you buy or you dont.

But please gentlemen. mark this post and the date and come back in six months.

For those who may have bought on my recomendation this week you are already in profit.

I am a bottom fisher. I like to buy at the rock bottom and watch my investments grow.

I have nothing in my portfolio right now that would cost me less than my original purchase price to buy today.

I dont like sitting on a share to see it fall I did though come close with LNX buy it still sits at the close today at 5.5p I have a few 100k of them at 4.7p and they will come good but it will take a few years---thats what bottom fihing is about.

Do your research this weekend I think you will agree about MLR, its grossly undervalued and can only move up from here.

Good luck.

MLR WILL GO DOWN NEXT WEEK WITHOUT ANY NEWS

Oh dear, I take it from your post Beemer that Thursh is ramping MLR here as well?
Infests the COH thread with constant complaints of ramping and then ramps MLR all over MAM. What a f$&*ing hypocrite!! Beginning to get more like ADVFN everyday since his arrival on the board.

Could do with a good insect repellent.

Athletes foot cream might work

So when offering some sound advice one gets accussed of ramping by the idiots who obviously know very little..

OK, WHERE IGNORANCE IS BLISS 'TIS FOLLY TO BE WISE THERFORE PLEASE TRY THIS---

PLEASE DON'T DON'T DON'T BUY MLR!


JUST REMEMBER THE TIME AND DATE, AND OF COURSE THAT ITS NOT A SHARE FOR LOSERS.

PLEASE STAY WITH WNG.

If it is not for losers...how come you are a holder.

Ah now you are begining to think--at last.

BUT MY ADVISE TO YOU IS PLEASE DONT BUY IT! PLEASE BUY WNG!

Nobody wants to buy MLR...

Thats good then, more for me and the IC subscribers, and of course I see it was all Scotch Mist today.

You stick to COH and BKE AND WE WILL SEE WHO WILLBE LAUGHING A YEAR FROM NOW.

I've been laughing all the way to the bank with COH since it consolodated...sitting on a MASSIVE PROFIT at the moment...pity you jumped at 18p.

Also a pity you cashed in those millions of BKE shares at a massive LOSS.

"I have done years of it and I can safely tell you, as safe as any LSE investment can be, that in less than a year. six months approximately you "WILL" make 100% return plus if the buy MLR at today's prices."

Bullie/mam .... is this legal ?

................. and after a fine run the nutters turn up. Oh dear, it's the death of WNG. It's a traders' share for now. ;-))

Dil - depends what happens. LOL!

BMW YOU ARE RIGHT TO BE SITTING ON SOMETHING AS A PROFIT IS NOT A PROFIT UNTIL ITS BANKED---TRY SELLING ON MONEY YOU WILL HAVE A SHOCK.

I BELIEVE THE MARKET IS FINALLY WAKING UP TO THEWEAKNESS OF COH!

THE AIM and Ofex MAG HINTED AT THIS LAST YEAR SO TOO DID THE DAILY TELEGRAPH---WHEN THE HYPE DIES DOWN AND THERE IS NOGHING TO BRING TO THE TABLE---THE TEARS WILL WILL FLOW.

RIGHT NOW WE ARE STILL IN TH DARK OVER SNACK ATTACK A SMALL 400000EURO COMPANY THAT HAS PROBABLY SAVE COH FROM DISASTER------------INTHE SHAREHOLDERS' INTERESTS---WHY NO RNS.

I NOTE THAT WORTHINGTON AND HIS DIRECTOR SOLD OUT A WHOLE BUNCH OF THE SHARES AT THEIR HIGH----IS THERE MORE TO COME?

AS THIS IS NOT STABLE MANGEMANT KNOWING FULL WELL THAT EMPIK WERE SOON TO DUMP. COULD EVEN BE A CASE INSIDERED DEALING

SOME QUICK MATH EXERCISES FOR YOU---

TAKE AWAY THE LAST TWO COH CASH CALLS AND WHAT DO YOU HAVE----

ANSWER.

A COMPANY IN SERIOUS FINACIAL TROUBLE.

THE ABOVE IS WHAT I GENUINELY BELIEVE. CONSEQUENT ALL POTENTIAL PUNTERS SHOULD BE AT LEAST AWARE

HAVE A REALLY NICE DAY.

You are doing well on deramping, David10B, LOL

Hardly as I would not touch it until it settles on the bottom and all I can say is that I KNOW ITS GOING THERE BUT CANT CALL THE LEVEL.

I DONT DERAMP I BOTTOM FISH FOR RECOVERY.

With reference to the above after a weekend of research I dont think I will be able to even bottom fish this one.

I am into mining stock BHP being one of my largest holdings.

Copper prices are getting up there again a set to rise further, they reckon there about two years supply left in reserve.

If the prices of copper shot up, and they might, its goning to be hard going for WNG.

I will leave the rest to you to work out, but I just scratched this one of my bottom fishers' list of ones to watch list.

I dont short so I guess there no profit left in this one.

"Zero" is always the potential bottom was what I was taught. ;-)))