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.

A 60% rise yesterday will it continue today.

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

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

Nobody will be surprised that there has been a drop; that was inevitable after the sp performance since the re-quote.
Next deal should be imminent - oil & gas sector this time? Will be very interesting to see what they have in mind on that front.

I look forward to the announcement Sharesure.

Frankfurt listing seems to be in place.

StockMarketWire.com
Worthington has reached agreement to invest £12.5m in CPS Energy Resources Plc, an oil and gas exploration company focused on Africa and working in partnership with Oando, one of Africa's largest oil and gas exploration companies, listed on the Johannesburg Stock Exchange.

One of Oando's trading subsidiaries, Oando Energy Resources Inc, is listed on the Toronto Stock Exchange.

Currently, the principal asset of CPS is an 80.75% interest in Oil and Gas Block OPL 236 which, at over 1,600 Sq Km, is one of the largest concessions ever granted in Nigeria. The Block is onshore within the oil rich Niger Delta, and is surrounded on each side by proven oil and gas fields, including the Shell Imo River fields which are Nigeria's largest onshore fields with oil production rates of approximately 25,000 barrels a day.

going like a train for the brave, and very much against the wind too

cheers cynic, share, harry

is everyone's moneyam working ok?

No, it isn't. Do they have a problem?

well all afternoon for me moneyam has been extremely slow or just not loading up at all - it is the only site I have a problem with so must be moneyam - except iplayer just now which is a known bbc problem being fixed - may have to look for another platform so frustrating
atb

well all afternoon for me moneyam has been extremely slow or just not loading up at all - it is the only site I have a problem with so must be moneyam - except iplayer just now which is a known bbc problem being fixed - may have to look for another platform so frustrating
atb

crikey so slow the post came up twice

.

Senior Appointments to Worthington Group plc and Statement regarding CPS Energy Resources Plc.

http://www.moneyam.com/action/news/showArticle?id=4898610

40p anyone?

Hope not and doubt it too. It says something that the sp has stayed at the current level given what appears to have been a fairly big shorting exercise coupled with some less than flattering press comment, some of which the company has only itself to blame for eg spelling mistakes in its RNS'.

".....has stayed at the current level...." We must be looking at different charts!

WTF. I wasn't thinking of selling any for the time being so fluctuations in the sp are somewhat immaterial. As to whether I would buy more depends upon whether I get any answers to my queries and if I am satisfied with them.

No problem. Of course the decision to invest is yours, but sp has fallen another 10% while we have been posting!.
Just as another warning and I am sure you are following posts on other BB's, but another controversial topic is Warrants and best summed up buy TX2 on the iii website:
" I remind interested parties that there are 20 million warrants outstanding which can be converted into shares @ 5p in favour of the then vendor of Law Financial who was paid with a £1m Convertible Loan note which can be converted on these terms (please see RNS from April last year for confirmation of details);there are in addition a further 15m + warrants available for conversion on various dates at between 5p & 10p.(Please see accounts for confirmation).These dramatically dilute present shareholders interest.
As these warrants are "in the money"(ie the current shareprice is in excess of their conversion value) it is normal to assume they will in due course be taken up."