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.

You know I sat back this morning and waited for this backlash.

I am for from being 1OB.

It seems to me that these BBs are dominated by the views of a few and woe befall anyone who appears to be smarter.

It matter not how many people 10b seems to have upset. he was clearing more knowledgeable than most of the so called pundits here. All one has do is read the threads before he posted on them, it really boils down to that.

I object to your silly name calling and in keeping with the good practices of MoneyAM, I formally request that you be banished from these BB for your adverse and unwarranted childish behaviour.

what is your interest in defending 10B then, umax? Can he not defend himself?
For me, it was not his opinions that were contentious, just that he tended to rant a little & become abusive. Otherwise he is as welcome to air his views the same as anyone else.

Harrycat please read back the posts, 10b was always intially very decent, and a pleasant chap, which made reading his post interesting and informative. Sadly 10b took a lot of stick, far more than I ever would before going on the offensive.

My interest must be the same as 10b's, a balanced view, presented in a civilised manner.

He seemed to have got it right on all he posted on and that is very interesting as he was either very clever, very well researched and informed, or very lucky, it would be up to this BB to decide which.

As for 10b not defending himself, I really can't say, what I can say though is if one takes a look at the abuse given to 10b on the RGT thread for example, then I would not bother to be here either, all the guy was saying there was RGT was not going anywhere but stagnation to down, I believe it was a penny at the time.

Well, I suppose that's one way to get around your ban, 10B, though perhaps you should have taken the hint rather than creating yet another persona.

yawnnnnnnnnnnnnnnnnnnnnnn what a typical reply, hardly intelligent and inspirering, so now back to reading only as its obvious that there is happiness in ignorance here and people only hear what they want to.

What a great way to enhance shareholder and investing knowledge.

I don't have a problem with 10b's point of view ,it was obvious this would take a hit ,however he did post that Worthington was going to go bust, that's absolute rubbish ,and that's why he has no understanding of the markets..

Nobody in their right mind could support 10B's views, doubt it will be long before AM catch on and boot his latest reincarnation (Umax) into cyber space :))

Would that be becauce he proved to be smart than you?

Jiimy b have spent the past hour trawling bck through the posts, what 10b said in fact was it could even go bust,

Go bust, or could even go bust, all the same is complete twaddle ,you,, he ,,whoever you are have no understanding of the markets ..

twaddle you call it at the current price of well under 80p as 10b predicted.

MMMhhh I wonder what you will call it if WNG hits 60p?

So because I disagree with you, I too have no understanding of the markets as well?

Funny old life on these BBs

Stick to the point ,,i said that the quote going bust is twaddle ,,,and as for going down ,i also thought it would go down after the recent problems ,it did'nt take a genius to see that,,+ these current market conditions will drag it further .

You wanna see a psychologist about your split personality, David10B/Umax. I suggest that, in the meantime, you also start taking your medicine again. Otherwise, as I'm sure you're aware, your posts will soon become as incoherent and pitiful as they were before you were banned. And no one wants that. Don't succumb to the madness, "sir". Get help now.

the above posts have been brought to the attention of MoneyAM.

It may not have taken a genius to see the WNG fall but it took 10b to say it here, and thats what counts in my book and to further call the fall to 80p was spot on.

I can see that there is a problem of giving credit where its due.

All,

Stick to the topic at hand not fellow posters - be they past or present.

Ian

Ian do you mean to imply that one cannot take a reference, or quote with a reference to/from previous posters here?

umax,

not at all, but I would imagine if a poster mentioned another poster (past or present) in the majority of their threads, it would get a little tiresome for the other posters on here. As you are new to the bulletin board, feel free to e mail me (ian@moneyam.com) if you have any questions regarding etiquette when using bulletin boards.

Ian

Ian let this be my last word on the topic. I came in on this after, yes after, and not before this was posted here under the heading of;

paulj - 09 Aug 2007 14:01 - 951 of 978

I found it wrong and misleading, objectionable and bias. I merely posted what I thought to be correct, the verbal spew that followed is self evident.

I dont have or never have had any etiquette problems, I think your concerns are wrongly addressed.

As far as I can see 10b has hit the button in every post he makes you should be glad of his contribution here especially when compared to some.

Umax,

yes lets let that be the last word, and get on with enjoying the sunshine - have a nice weekend all,

Ian

You have to laugh.....

Cor! They thought they'd found Lord Lucan & now you have found Shergar! He looks pleased to be back!