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Could be time to cover Walker Greenbank (WGB)     

ainsoph - 08 May 2003 08:14

Recently moved down to the AIM market to save money and interference :-)) .... shares have been in freefall but run by some interesting peeps and with big potential assets that may one day be realised.

Lots of recent cost cutting but the sales maket has been less than kind .... finals due soon and suspect the selling/falls are way overdone .... time to have a punt methinks


ains


started @ 6.25 mid - high of 9.25 on 21/05

ainsoph - 09 May 2003 08:15 - 6 of 32

first trade a buy ..... price is up another 7.41% this morning @ 6.5/8p




ains

ainsoph - 09 May 2003 11:33 - 7 of 32

Volumes picking up with a 50K buy

ainsoph - 09 May 2003 12:57 - 8 of 32

Interestingly the bigger trades are getting better prices - 100K buy @ 7.5p


ains

rjs - 09 May 2003 13:08 - 9 of 32

i think you may be talking to yourself

ainsoph - 09 May 2003 13:26 - 10 of 32

maybe ..... but we are up 18.56% in two days ....so I don't mind.

ainsoph - 12 May 2003 09:29 - 11 of 32

Three trades this morning and all buys

ainsoph - 14 May 2003 10:40 - 12 of 32

Lowish volume yesterday and today but the buying is pushing the price a tad higher @ 7/8p up 3.45% intraday


ains

ainsoph - 14 May 2003 16:16 - 13 of 32

500k delayed trade down the middle - looks like a buy 3/4 mm's are blue other green

ainsoph - 19 May 2003 11:39 - 14 of 32

Still ticking up with heavy volumes - 11 trades this morning and 11 buys .... up 10% intraday and 32% since we started. 3/4 mm's are now blue and only WDBM left on the offer


ains

ainsoph - 19 May 2003 12:01 - 15 of 32

WINS have moved aggresively onto the bid and we are now up over 13% on the day with all 18 trades buys - total 386K

currently 8/8.75p against a start of 6.25% mid


ins

ainsoph - 19 May 2003 12:39 - 16 of 32

24 straight buys now with 543K traded - that's 2.5 times the average daily volumes

ainsoph - 19 May 2003 13:24 - 17 of 32

27 straight buys now .... must be a record. WDBM have moved onto a new bid and MLSB are trying to hold the offer at 9p. All mm's are blue and as soon as MLSB have sold enough we will see 9.5p.

Now up nearly 17% intraday and 13th in the all share riser board. A massive profit of around 40% for those who jumped in at the start :-)



ains

ainsoph - 19 May 2003 14:33 - 18 of 32

big delayed buy 0f 446k ..... over a million now :-)

ainsoph - 19 May 2003 16:27 - 19 of 32

100k buy at just below the touch as we head for the close

ainsoph - 19 May 2003 16:47 - 20 of 32

a million f trade @ 8p ..... difficult to see it as a sell with the price up 17% on the day




ains

ainsoph - 20 May 2003 10:31 - 21 of 32

heavy volume again .... some profit taking but still holding and up 40% since we started

ainsoph - 21 May 2003 10:16 - 22 of 32

well up again today despite the two earlier delayed sells - intraday 5.71% - since we started - nearly 50% :-))





21st May 2003



Walker Greenbank sells Weavestyle and Contract Fabrics for 2.8m





Walker Greenbank PLC, the wallcoverings and furnishing fabrics Group, has agreed
the sale of the fabric weaving businesses of Weavestyle and Contract Fabrics to
Project Riverside OPCO Limited, a private company, for a consideration of 2.8m.



The consideration will be satisfied by payment in cash in full today.



This sale will result in a loss on disposal of 3.5m after impairing goodwill
and related costs. The assets have a book value of 5.1m.



In the financial year ended 31st January 2003 the businesses incurred an
operating loss of 140,000.



This disposal will not affect any of the other businesses in the Group.



David Medcalf, Group Chief Executive, said ' The sale forms part of the Group's
strategy to realise value for its non-core businesses and reduce indebtedness.
The Directors were unable to justify the necessary future capital expenditure
believing that there are better returns available elsewhere within the Group's
operations. The Directors believe the consideration represents fair value in the
current marketplace. The sale will allow management to increase its focus on
bringing the Group's core businesses back to profitability. In addition, the
proceeds from the sale will accelerate the reduction in the Group's
indebtedness.'

ainsoph - 21 May 2003 11:30 - 23 of 32

AFX-Focus) 2003-05-21 10:18 GMT: Walker Greenbank sells fabric weaving ops for 2.8 mln stg

LONDON (AFX) - Walker Greenbank PLC, the wallcoverings and furnishing fabrics group, said it has sold its weaving businesses, Weavestyle and Contract Fabrics, to private company Project Riverside OPCO Ltd for 2.8 mln stg in cash.
This sale will result in a loss on disposal of 3.5 mln stg after impairing goodwill and related costs.

The assets have a book value of 5.1 mln stg. In the financial to end Jannuary 2003 the businesses incurred an operating loss of 140,000 stg.

Chief executive David Medcalf said "The sale will allow management to increase its focus on bringing the group's core businesses back to profitability. In addition, the proceeds from the sale will accelerate the reduction in the group's indebtedness."

newsdesk@afxnews.com

kl

ainsoph - 21 May 2003 11:37 - 24 of 32

worth saying that the whole cap is less than 6 million even after the recent 50% gain ......


ains

ainsoph - 21 May 2003 16:39 - 25 of 32

lowish vol today but still up nearly 6% on day and 48% since we started .... H2 anytime soon



ains
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