Michael Edelson, serial director, and amongst other current directorships on the Board of Singer & Friedlander AIM3 VCT plc, has been appointed to the Board of WRN to assist Joe Dwek, current chairman, holder of over 17% of the equity and currently ubderwriting WRN's term loans, in seeking to merge, acquire or reverse WRN into a new business. WRN already has valuable property assets which have Change of Use potential, so the company might readily appeal to a private property company seeking a full listing.
The shares are thinly traded and have already responded to this recent appointment in anticipation that a deal will not be long in coming. The right deal should make this stock motor.

SP still crawling up to new highs. I suspect that the Liberty Capital stake will merge with Regenesis very soon and that will take the combined stake to over 30%.
It all looks very promising for such a small cap company.

A further rise in sp this morning. A further announcement re an increase in the new directors' shareholdings looks likely. In my view it is almost always a good sign when the board pays real money for their shares rather than load up with options at a preferential strike price.

If the budget contains the proposal to allow disused retail and warehouse sites to be used for residential development without the need for planning consent to change the designated use of the site this should benefit Worthington which has been trying for years to do just that with its former textile buildings. Recent interest in the shares would suggest that others recognise this as an asset play. It also has new mgt in the last year - reaching 28p on that news but dwindling since on the absence of any planning consents or other deals being found.

See today's RNS re planning application for 150 -200 residential units at Keithley. OK, so unit values are not going to be huge but then the mkt cap of Worthington is only £1.0m. even at £20k/unit that makes it worth £3-£4m on this site alone. Has to be worth that which implies a 30p-40p sp. over the next 2 months or so.

Ignore post 29. Today's RNS needs to be assessed for its impact first.

A deal at last. Looking good.

fantastic day and expect more blue next week

strong news flow here imminent

Surprised no press comment in Times today.

indeed especially as likely more blue Monday on the continued rerate

Worthington Group PLC announce first half profits of £8.7m

29/08/2014

By Jonathan Davies

Worthington Group PLC has released its Interim Financial Statements for six months ended 31st March 2014, reporting profits of £8.7m.

The £8.7m profit compares to a £5.3m loss in 2012/13. Worthington Group PLC's net asset position is now £5.9m as of 31st March 2014, up from -£3.5m for the 18 month period ended 30th September 2013.

Doug Aware, Chief Executive of Worthington Group PLC, said:
"I am pleased to be able to say that in the period covered by this Interim Report and Accounts the Company has made considerable steps forward.

"We are acquiring substantial assets in a diverse portfolio of industry sectors in the UK and world-wide. We are in advanced discussions with partners in the energy, mining and media sectors and expect to make a number of announcements very soon which will add to revenues in the next six months."

"Worthington Group PLC is close to completing a major oil and gas investment and expect to be able to announce details before the end of September," Doug Aware continued.

"At the time of writing we have reached agreement in principle to acquire a significant interest in an exploration company with exciting prospects in the rare earth sector. We expect to be in a position to make an announcement in relation to this transaction with the next seven days."

Worthington Group's portfolio of acquisitions and pending acquisitions stretches far beyond various aspects of the energy sector, as Doug explained: "We have reached broad agreement in principle to acquire a portfolio of media businesses and negotiations are expected to be completed shortly.

"Finally, we have broadened our legal claims portfolio so that claims in our litigation division now include both UK claims and also international claims with a total claims value of more than £30m. We expect to be able to update shareholders in relation to our claims portfolio shortly."

http://www.freshbusinessthinking.com/news.php?NID=23471&Title=Worthington+Group+PLC+announce+first+half+profits+of+%A38.7m#.VAGpdMlwbqA

Is this a Joke?

lol rob

good news out tomorrow morning - how many times will this bag from here?

https://twitter.com/WorthingtonPLC


Worthington Grp plc @WorthingtonPLC · 4h

Worthington team spending weekend preparing for more news Monday morning! Watch this space

Missed out on this one...but a sharp pullback is bound to come leaving some people with losses....careful....

depends rf - that twitter leak suggests a good news rns today - bbs are buzzing in anticipation - if not out by 8am will be blue - if out and more good news likely be blue again - there is a strong stream of news due here anytime from today as per the rns
gl

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

It is a joke

Wait and see. Someone has bought Dwek's shares. I suspect that his decision to sell has more to do with personal circumstances than any reflection on where the company is headed.

Last Friday the RNS stated that news was expected within 7 days on parts of the forward plan for the company. Today or tomorrow then?

Up 33% today well done to all connections

up again today mitzy and expect more - barx not working this morning seems to have delayed buyers - working now buys coming back in
strong news flow still to come here anytime
gl

WOW! fantastic rns:

Worthington Group plc to expand global legal claims business with acquisition of £43m legal claim.

AND

Where fees paid to verify the claims delivers at least a 50% gross profit margin to Worthington
MOVING