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.

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

more good news ref rangers
http://www.investegate.co.uk/rangers-int-f-c--plc--rfc-/rns/statement-re--settlement/201409120700104785R/

big news rns imminent - wont be this cheap for long - gla

Ask the CEO

An occasional series of Q&A’s with Doug Ware the Chief Executive of Worthington Group plc



Q. So the Company was restored to trading on the LSE main board about two weeks ago. How’s it gone?

A. Well the restoration has really been the culmination of a great deal of time and hard work by the Worthington team. It’s involved a complete revision of our strategy and our investments. In many ways the restoration was a major achievement, in some ways it’s just the start. I must say it’s been very exciting and a lot of midnight oil has been burned!



Q. The share price shot up in the first few days. Was that expected?

A. Yes it was expected as the company’s prospects have been completely transformed. It will obviously take some time for investors to get used to the new Worthington. We are not a fly by night newbie stock – we’ve been around for many years and we want to be around for many more years to come. We are here to build an international company, and there are few companies which have been on the market for 60 years with Worthington’s heritage.



Q. We notice that shares are down from their peak. What is the reason for that?

A. Two factors are at play. Firstly, when the share price has gone up by almost 1000% there will inevitably be profit taking from shorter term holders but, as the market wakes up to Worthington’s global ambition and pipeline of investments, we expect continuing investor enthusiasm.

The second factor is that actually being an old company we have lots of long term shareholders who, to be frank, have seen the price in the doldrums in recent years prior to the new team’s involvement. Many, understandably, have taken the chance to cash out but most of that appears to now have been absorbed by the market.



Q. You announced a Rare Earth deal. That’s an interesting move. Can you explain how it fits?

A. Yes it is interesting, and part of building a portfolio with the prospect of truly outstanding returns. Rare Earths are fascinating minerals which are used in a whole bunch of things from mobile phones to automobiles. It’s a super-fast growing market partly driven by the growth in technology applications and economic growth particularly in China. Greenland is almost unique in the world having virgin territory still to explore with what geology suggests could be world class potential reserves.
Any mining activity is not about quick revenues but it is about finding opportunities for long term returns. Mining costs are huge and you need deep pockets. We are following a tried and tested investment approach whereby we and our partners are investing in early stage exploration which is relatively in-expensive. Once reserves are proven we will look to exit to one of the big mining groups with deep pockets who will go on to exploit the reserves. If we do find the sort of reserves we are hoping for in this province then an on sale to perhaps a Chinese buyer is likely to result in a return to Worthington shareholders that is a multiple of Worthington’s current market cap.



Q. And what about your litigation portfolio?

A. We think this is really exciting with enormous returns. Briefly it’s a relatively simple business model where the outcome of the claims can only be in most cases: win, lose or settle. The risks and rewards are more clearly defined than in most businesses – i.e. how strong is the case and can the defendant pay? In an increasingly litigious world legal claims can distract claimants however big or small and lead to wasted management time and unplanned costs. By working with us clients are able to cap their costs and time input allowing them to move on with their day to day business. We understand that’s new territory for many investors to follow so we’ll be explain a lot more about litigation funding as an investment sector as we build our portfolio.



Q. How many claims do you expect to have per annum?

A. We would expect to have between ten and twenty claims in the next 12months. As we said, our minimum claim criteria is £5m



Q. What are the chances of success?

A. After screening the claims we receive, which knocks out most of those who come forward, our business model assumes 30% of claims will be successful 30% of claims will be settled and 30% of claims will fail with 10% of claims reaching no particular conclusion. We expect some cases to be settled within a year of our involvement whilst others will take longer.



Q. Your restoration announcement talked about oil and gas. Can you tell us anymore about that?

A. As we have already said we expect to make another announcement before the end of September and perceptive investors will have noted from the announcement that this is likely to involve a major investment.



Q. You also mentioned something about media investments?

A. In today’s world if you don’t have a clear understanding of and interest in modern digital media however persuasive your case is it’s unlikely to be heard. We believe that assembling a portfolio of fast growing media investments will ensure that we are both understood and that clients know that we are open for business. It’s also important while building a portfolio of investments to balance those producing potentially big but medium term investment returns, for example mining and litigation, with those producing predictable short term cash and profits. The media sector traditionally offers good cash flow and good profits from day to day trading as well as of course longer term profits from developing and selling on products.



Q. A lot of smaller investors have been burned by companies issuing shares at a discount. Can you give investors any comfort on this issue?

A. We believe that treating our existing investors fairly is a paramount consideration. We have already said that we will not issue shares at a discount. Investors will have noted that all of our transactions since I have been CEO have been at a premium to the prevailing market price – including the issuing of convertible loan stock at premium to the price when the shares were actually suspended. Any dilution of existing investors whilst I am the CEO will never be at a price that favours new investors at the expense of existing holders.

moving - major news imminent not forgetting the media deal to come, more litigation deals, rangers going well etc

Q. Your restoration announcement talked about oil and gas. Can you tell us anymore about that?

A. As we have already said we expect to make another announcement before the end of September and perceptive investors will have noted from the announcement that this is likely to involve a major investment.

more to come here 100p close now
yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa


Worthington Group said three weeks on from the restoration of trading in the company's shares it can report that progress is being made on all fronts.

The Company can confirm that work in the field has begun in relation to its Greenland Rare Earths Project, and a more detailed update will be given later this week.

The Company is also currently in discussion to add further substantial claims to its growing litigation portfolio. In addition, the Company's expects to be able to make an announcement in relation to its first media investment within the next seven days.

Doug Ware, CEO, commenting on its potential major Oil & Gas investment said, "Due diligence is well on track and, subject to final reports, we remain hopeful that we will be able to make an announcement as anticipated by the end of September".

Commenting on other developments, Mr. Ware said,

"We will also be making an announcement soon regarding arrangements that we have been making to enable international investors to trade Worthington shares in their local currency, thereby increasing the attractiveness of Worthington to internationally.

"This will serve to increase trading volumes, and therefore liquidity, in the Company's shares; this is an essential part of our strategy to build Worthington into a Global investment company. I am also pleased to report that our pipeline of international investment opportunities, at varying stages of negotiation, continues to grow."

At 9:13am: (LON:WRN) Worthington Group PLC share price was +4.75p at 36.75p

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

on the move - taking positions

@Alexios1201: WRN
Tiny resistance at 75p area
Once 76.55p(261.8%) breaks, 100p minimum and next fib expansion target of 122p(425%)

This is wave3

BULL

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Great to see a CEO doing what he says he will do. Today/tomorrow - looks set for another building block to be put in place.

Frankfurt listing RNS as promised by the company. Nice to see that shares cannot be nakedly shorted since that was reckoned to be a problem with Frankfurt in the past. US listing being planned Q1 2015.

yep 4 more rns to come :-)

more tomorrow & fyi

Shares outstanding 12.87m
Free float 8.49m

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=WRN:LSE

A possible 10 /20 bagger imo.

Well done here you lot , good call.

Isn't this the company that was restored to market at 0.6p ? or something like that...now 90p......??????....incredible.....or have I got things wrong here....

Ask gibby he is the man or Sharesure of course.

cheers jimmyb
agreed mitzy
surprised required
atb

RF, Slightly. Suspended at 3.25p.From suspension it shot to around 32p straightaway. There is a lot of news flow in the pipeline and the businesses which it is now operating in should propel it forward at a fairly swift rate given its low current market cap.

Up 10% right now.