AGM today......

I like the fact that all of the numbers seem to be pointing in the right direction. Also that current trading is strong, growing and ahead of the co's targets.

Finance Director buying shares would seem to indicate that things are in pretty good shape with WGB.

Pension defecit being dealt with and gearing reduced, all good news.

A little concerned with those inflation figures today which point to further rate rises and the impact these may have on sales but on balance content to carry on holding.

capa

And a good finish, too: WGB Bid: 47.75p Offer: 48.75p Change: 2.5, 1.8 mil traded.

Up again this morning, 309K traded. WGB Bid: 48.5p Offer: 50p Change: 1

Today's Independant had this as a "buy" after the good results, saying that the PE of 11 looked inexpensive and that published estimates of future growth looked "conservative" given the swing of fashions that has favoured WGB's products.

Up again today: closed at 50p according to FT.com, having added 0.75p. 342K traded, which is down from the previous two days' volumes, but it could be that this still has a fair way to go. 30 mkt cap has now been reached, too. PE still barely more than 11.

RNS out yesterday:

Walker Greenbank - Holding(s) in Company

RNS Number:1917V
Walker Greenbank PLC
19 April 2007


For immediate release 19 April 2007


WALKER GREENBANK PLC
('Walker Greenbank' or 'the Company')

Holding(s) in Company


Walker Greenbank plc (AIM: WGB), the designer, manufacturer and distributor of
furnishing fabrics and wallpapers whose international brands include Sanderson,
Morris & Co, Harlequin and Zoffany, announces that, in accordance with Rule 8 of
the Transitional Provisions of the new FSA Disclosure and Transparency Rules,
the following shareholders notified the Company, by 20 March 2007, that they
held a notifiable interest in the total voting rights of the Company.


Name of shareholder No. of Shares Percentage of voting rights
Gartmore Investment Limited 10,875,000 18.43%


The Company shares referred to above are Walker Greenbank plc ordinary shares
of 1p each and the total number of shares in issue is 59,006,162 with each
ordinary share carrying the right to vote. There are no shares held in treasury.

Very nice rise today: WGB Bid: 51.5p Offer: 53p Change: 2.25 180K traded so far.

Looking good for a breakout

capa

looking good to breach its all-time high, too. It hit 53p in Jan; the highest offer price paid so far today is about 52.8.

PE still just under 12. Keep holding and run the prfi for as long as I have the nerve, is what I intend to do.

Contrast also the 1.5p spread with the 0.5p spread at the beginning of the week. I guess the MM's don't have as much stock as they did - wonder if a tree-shake might ensue.

Positively on fire! WGB Bid: 52p Offer: 54p Change: 3; 258K traded

This is better than the telly! WGB Bid: 53.5p Offer: 54.5p Change: 4, 304K traded.

It's mostly small trades, buys well over double sells.

WGB Bid: 54.25p Offer: 55p Change: 4.75.

Most things are better than day time telly, unless there a Columbo on.

Oh by the way, thats a breakout I reckon.

capa

It most certainly is.

Let's have a nice chart:

PE 12. Something like 14 or more ought to be on the cards, surely?

Actually, this is the highest SP and PE in 6 years, so we are in uncharted territory.

10K buy just went through at 55p. MM's have kicked the bid down, 30K sold at 53p.

WGB Bid: 53.5p Offer: 55p Change: 4.25

A 'buy' in today's IC.

Great - thanks JMAC. Did they mention a price target?

Unmoved today: WGB Bid: 52p Offer: 53p Change: 36k traded, looks like all sells.

They dont give a target but have tipped them twice before in April 06 and Feb 07 and say given the continuing recovery they still look cheap, also: Broker Kepler Teather & Greenwood Merrion edged up its forecasts, and now expects adjusted pre-tax profits of 2.6m (1.5m last year), with EPS of 4.5p (2.6p).