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WORTHINGTON - Up for sale! (WRN)     

Sharesure - 12 Sep 2005 20:05

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.

mitzy - 28 Sep 2014 18:14 - 75 of 213

Looking good for a rise of at least 30% tomorrow.

mitzy - 29 Sep 2014 08:07 - 76 of 213

Opened up 20% .

gibby - 29 Sep 2014 08:11 - 77 of 213

:-))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
gl mitzy and everyone

mitzy - 29 Sep 2014 08:15 - 78 of 213

Glad your happy.

Sharesure - 29 Sep 2014 09:26 - 79 of 213

Sort of reminiscent of Belair Cosmetics - anyone remember that company? 13p/share to c.£24/share in one year. It won Daily Telegraph 'Share of the Year' competition for me and 3 other shell spotters. Those happy days of finding shell companies - I thought that that era had passed away for good!
If the plan here goes according to the mgt's' aims the last 3 months of the year could be a tremendous ride.

mitzy - 29 Sep 2014 11:39 - 80 of 213

Cant remember Belair are they listed.?

Sharesure - 29 Sep 2014 11:46 - 81 of 213

Cannot find them now. They were a shell back in the early '80's. Showing my age!

mitzy - 29 Sep 2014 11:59 - 82 of 213

That's fine Sharesure it happen here you never know ..

What price do you see these going to..?

Sharesure - 29 Sep 2014 12:39 - 83 of 213

It's impossible to predict that, but the business model seems pretty straight forward. The legal case stuff is probably very lucrative and on the law of averages should be fairly easy to predict on a cash flow basis once the company can show the track record of wins v losses. (I am sure that they already have a good idea of that ratio and so would their bankers, Close Bros.)
Then get that 'run of the mill' stuff to fund the more speculative, but potentially much higher risk/reward ratio stuff like Oil & Gas and Rare Earths exploration. If the first part of the plan goes well they should not ever be in the usual explorers' nightmare of doing all the hard work, running out of money, and then getting taken to the cleaners by a second stage funder.
To me, this looks like a stock to stay with. I know on another board there are some detractors but my hunch is that they haven't thought about this in the right way. We'll see who is right soon enough, I suspect. I am staying with it. As the start date of the thread shows this has been a long time incubating.

mitzy - 29 Sep 2014 12:49 - 84 of 213

We are up 50% now what an amazing share I'm not selling still adding I remember buying Asos at the low could have made millions.

HARRYCAT - 29 Sep 2014 13:12 - 85 of 213

.

gibby - 29 Sep 2014 13:19 - 86 of 213

yeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

mitzy - 29 Sep 2014 13:25 - 87 of 213

Sharesure could this go to 2500p just like Belair cosmetics did .. theres a thought.

jimmy b - 29 Sep 2014 15:09 - 88 of 213

Calm down you'v just had about 650% in a few days .

HARRYCAT - 29 Sep 2014 17:05 - 89 of 213

I imagine Gotham City are burning the midnight oil compiling a defamatory press release and itching to short this!

gibby - 30 Sep 2014 00:22 - 90 of 213

lol gotham city - another rns due tomorrow o&g major news.................and more....
:-)

lol jimmyb

could do mitzy lol - remember asos when it was under 10p :-)

gibby - 30 Sep 2014 08:09 - 91 of 213

300p + today the real big rns everyone been waiting for - you may not be able to buy easily though hardly anything available
gla

mitzy - 30 Sep 2014 08:45 - 92 of 213

A 60% rise yesterday will it continue today.

HARRYCAT - 30 Sep 2014 08:50 - 93 of 213

Also, once the selling starts, will everyone decide it's time to take profit rather than lose the whole thing?

mitzy - 30 Sep 2014 12:25 - 94 of 213

Could be right Harry down nearly 20% on profit taking.
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