Found this interview with Paul Hamer Chief Executive Officer & Sean Cummins Group Finance Director from WYG Plc.

Have a listen:

http://www.brrmedia.co.uk/event/98452/paul-hamer-chief-executive-officer--sean-cummins-group-finance-director

A strong contender to beat full-year market forecasts. Set to enjoy higher profit margins after becoming more selective in the work it takes on and driving through operating efficiences. Plenty more left in this one.

WYG: WH Ireland moves target price from 125p to 135p maintaining a buy recommendation.

Classic recovery play -

IC today - While the PE ratio for the current year looks high at 20 times, versus 15 times for sector peer Atkins, that is a problem typical of a recovery story. Earnings are depressed at the beginning of the recovery, but the rating can shrink rapidly as earnings gather momentum. The current, paltry EV/sales ratio of 0.4, which compares with a pre-crisis rating range of between 1 and 1.5 times, is a better reflection of the value on offer. Also, once cash is stripped out, the PE ratio for this year drops to 16 times and represents only six times WH Ireland's more bullish 2016 earnings projection. Given the traction that the company seems to have in terms of earnings recovery, those bullish projections - and the share price re-rating that would accompany them - look increasingly achievable. Buy.

Looks to be interesting! Certainly sounds as though it is turning round.
Thanks DC for pointing it out.

Thanks dl.

In the Mail today - project fixer we tipped rises 68%.

They should continue to gain ground as the economy improves.
One of WYG's specialist areas is helping countries to rebuild themselves after long-term conflict and it is working in areas such as Southern Africa, Uzbekistan and the Balkans. Last year the city thought WYG would make a profit of about £3m in the year to March 2014. But this June chief executive Paul Hamer said profits for the year would be higher than expected and earlier this month he came back to the market with more good news, saying summer trading has been so good that expectations for the full year should be raised again.
As the economy recovers, government investments in infrastructure and renewed activity in the house building sector are having a positive impact on WYG's UK business and it is winning lots of new contracts overseas too.

Analysts now expect profits to rise from £700,000 last year to at least £3.8m in the year to March 2014 and £5.5m the year after. The group is still not paying a dividend but growth prospects are strong and brokers believe the company will return to the dividend list soon.


Midas verdict - shareholders keen to make a quick turn may want to sell a quarter of their stock and bank some profits but they should retain most of their holdings as WYG shares are expected to continue moving up.

New investors could even snap up a few at current levels.

?8.0 million Contract Wins in Western Balkans

RNS


RNS Number : 6982O

WYG Plc

24 September 2013






For immediate release 24 September 2013

WYG plc

("Company" or "WYG")

€8.0 million Contract Wins in Western Balkans

WYG plc, the global management and technical consultancy to the built and natural environment, is pleased to announce a number of recent developments in the Western Balkans region.

During the current financial year we have won the following new contracts in Croatia, Kosovo*, Bosnia-Herzegovina and Montenegro, with a total value to the Company of more than €8.0 million over 2 years.

· In Croatia, a new member of the EU since July 2013, WYG has secured a major EU-funded contract for the provision of direct business advisory services to small and medium enterprises totalling €2.9 million.



· Using EU Structural Funds WYG, in partnership with local Croatian companies, has been awarded two contracts totalling €2.8 million for the development of projects aimed at protecting Croatia's water resources through improved water supplies and integrated waste water management systems in Istria and Dalmatia.



· WYG has also won two smaller projects to supervise construction of three wastewater treatment plants and irrigation systems, all of them located in coastal towns of Croatia.



· Under the EU funded IPF3 programme, WYG is working on four new high-profile projects released under that framework, including:



· In Croatia, WYG has started work on a feasibility study for the regulation of the Sava River in Zagreb. This is the largest single grant award (€1.5 million) made to date by the Western Balkans Investment Framework Steering Committee under the IPF3 programme.



· In Bosnia and Herzegovina, WYG has also recently started a €400,000 study into the possibility of introducing smart metering in the energy sector.



· In Montenegro, WYG is assisting the local authorities of seven municipalities with the procurement of works under a €114m water and wastewater programme, which is being funded in part by a €57m loan from the European Investment Bank.



· In Kosovo, in partnership with Corporate & Public Management Consulting Group, WYG has been awarded a €2.1 million EU-funded project to establish a system for effective medium-term planning, strategic decision-making and policy coordination that combines the European integration agenda into Kosovo's overall development agenda.



· Also in Montenegro, WYG has secured its first technical services project outside the IPF programme that has underpinned much of WYG's operations in the country. WYG has been appointed to supervise the construction of works to upgrade the water supply to Rozaje, a town of 25,000 people, using funding from central government and the European Investment Bank.





Paul Hamer, Chief Executive Officer of WYG, added:

"WYG first began working in the Western Balkans in the aftermath of the break-up of the Former Republic of Yugoslavia. Some 15 years later, we have built a substantial, permanent presence in the region with 8 offices and annual turnover of approximately €12 million."

"Building on this track record in the region, the project in Rozaje, Montenegro represents our first environmental project in one of the six non-EU states of the Western Balkans and our first win outside the €85 million IPF programme, demonstrating that our established presence in each country is now beginning to generate an increasing number of shortlistings for tenders and new wins."

"Today's news, in addition to the successes in Southern Africa that we reported on 30 July, demonstrates that we are making strong progress with our strategy of international growth through supporting the stabilisation of Fragile and Conflict Affected States, underpinning the Group's return to sustainable growth."



* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.

ENDS

WYG: WH Ireland shifts target price from 135p to 140p and leaves its buy recommendation unchanged.

In IC - A turn around story moving into delivery stage.

28 Oct WH Ireland... 150.00 Buy

Interim Result
02 Dec 13 WYG Plc [WYG]

Half Yearly Report

RNS


RNS Number : 3576U

WYG Plc

02 December 2013




WYG plc ("WYG" or the "Group")

Half Year Report

Revenue growth, significant improvement in profitability,

increased order book and improved cash flow



WYG, the global project management and technical consultancy, announces its half year results for the six months to 30 September 2013.



Financial overview:

· Revenue of £63.9m (H1 2012: £61.8m)

· Operating profit* of £1.7m (H1 2012:£0.1m)

· Adjusted profit before tax* of £1.4m (H1 2012: loss of £0.4m)

· Adjusted* earnings per share of 1.8p (H1 2012: loss of 0.8p)

· Unrestricted cash after investments as at 30 September 2013 £12.5m (H1 2012: £12.7m)

· Order book as at 30 September 2013 £82.6m (31 March 2013: £77.6m)



*Before separately disclosed items



Key points:

· Strong performance with significant improvement across all key metrics

· Revenue showing modest increase

· Significant improvement in profitability

· Positive operating cash flow over a 12 month period

· Investments in growth enabled by strong cash and good working capital management

· Major contract win momentum underpinning growth in the order book



Current Trading & Outlook:

· Following two upgrades in H1, trading in H2 to date is in line with those revised expectations

· UK MOD rebasing programme generating increasing amounts of work and pipeline of contracts

· Work in UK planning and development disciplines gathering momentum

· Strong prospects in international markets



Paul Hamer, Chief Executive Officer of WYG, said:



"The Group has performed well during the first half of the financial year, building on the stability attained last year to achieve revenue and order book growth as well as a significant improvement in profitability, as our strategy begins to deliver the desired results.



"To build on the momentum achieved thus far, we are looking at a range of opportunities to invest organically and through selective, small acquisitions both in the UK and internationally, made possible by the Group's improving profit and cash position.



"Based on this improving position, we are confident of delivering full year results in line with recently upwardly revised market expectations, as we have clear momentum in securing new contract wins and are a diversified Group with strong market positions in the geographies and sectors in which we operate."










WYG: WH Ireland takes target price from 150p to 165p and reiterates a buy recommendation.

Director/PDMR Shareholding

RNS


RNS Number : 5769U

WYG Plc

03 December 2013






FOR IMMEDIATE RELEASE

3 December 2013

WYG plc

("WYG" or "Company")

Director/ PDMR Shareholding

WYG has been informed that on 2 December 2013 David Jeffcoat, a non-executive director of the Company, purchased 27,278 ordinary shares of 0.1 pence each in the Company ('Ordinary Shares') at a price of 109.4 pence per share.

Together with his existing holding of 162,986 Ordinary Shares, David Jeffcoat now has a total beneficial holding of 190,264 Ordinary Shares representing 0.29% of the Company's issued share capital.

A buy in this weeks IC -

WYG poised for growth.


WYG looks nicely poised to benefit as infrastructure spending starts to flow.

Shares - is expected to show a large increase in profit when reports full year results on 3 June thanks to rising operating margins, working capital efficiencies and favourable market conditions. Also should reveal plans for resumption of dividends.

WYG consortium wins major security contract

Tue, 03 June 2014


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Price: 111.50

Chg: 3.50

Chg %: 3.14%

Date: 16:36



WYG, a project management and technical consultancy, has been appointed as the key partner in a consortium that has been awarded a major new contract in Libya by the UK's Department for International Development (DFID).

Under the contract, which forms part of the UK's Security, Justice and Defence (SJD) programme in Libya, WYG will deliver the first phase of a security programme for a period of up to 34 months.

The work will culminate in the delivery of an inception report which, if accepted, is expected to lead to further work on the project, which has a total potential value of approximately £28m and would involve overseeing the training of police officers and judicial police.

Other components would include improving court administration and security, securing munitions, and weapons stockpiling and decommissioning.

Paul Hamer, Chief Executive Officer of WYG, said: "This contract win is a major achievement as it is the single largest stabilisation project in Libya tendered by DFID to date, demonstrating WYG's expertise and leadership in delivering critical, strategic programmes in fragile and conflict affected states over the past 20 years as well as its ability to create growth by working closely with globally recognized partners such as Cardno.

"It builds on our experience in delivering large scale and complex projects [...] and positions us well to continue building on our key strength in fragile states by converting our strong pipeline of opportunities."

The share price jumped 5.32% to 117.43p at the opening bell.

Final Results

RNS


RNS Number : 6514I

WYG Plc

03 June 2014








3rd June 2014



WYG plc ("WYG" or the "Group")



Final Results



A year of strong momentum and increased profitability in an improving trading environment

WYG plc, the global programme, project management and technical consultancy, announces its audited final results for the year ended 31 March 2014, highlights of which are as follows:



Financial overview:

· Revenue of £126.9m (31 March 2013: £125.7m)

· Adjusted operating profit* of £4.8m (31 March 2013: £1.5m)

· Adjusted profit before tax* of £4.2m (31 March 2013: £0.7m)

o Strong momentum during the year; second half adjusted PBT (£2.8m) double first half (£1.4m)

· Earnings per share 3.2p (31 March 2013: loss of 5.2p)

· Adjusted earnings per share* of 7.0p (31 March 2013: 1.0p)

· Resumption of dividend payments with a proposed final dividend of 0.5p (2013: nil)

· Unrestricted cash as at 31 March 2014 £12.8m (31 March 2013: £14.8m) after £1.6m investment and acquisitions



* Before separately disclosed items



Operational overview:

· UK MOD rebasing programme generated increased work and pipeline

· Work in UK planning and development disciplines gathered momentum

· Strong momentum in good quality international contract wins including £28m of contracts in Southern Africa and €8m in Western Balkans

· Investment in Upper Quartile and acquisition of Delta Partnership Solutions extends international development relationships and programme management capability across Africa

· New £15m trade finance facility with Santander UK plc agreed and operational



Current Trading & Outlook:

· Order book up 12% to £86.8m at March 2014 (March 2013: £77.6m) prior to post year end wins

· Strong contract win momentum boosting order book since year end including:

o a new major three year programme worth up to £28m secured to support the Libyan security and justice sector announced separately today

o a €6m social integration programme for 12 municipalities in Turkey

o places secured on new frameworks with NHS, DE&S and Royal Mail underpin UK pipeline

· Strong opportunities in Europe following EU agreeing new €960bn budget for 2014 to 2020

· Expect accelerated growth following investments in fragile and developing states

· Recommended return to dividend list reflects confidence in the future





Paul Hamer, Chief Executive Officer of WYG plc, commented:



"We have made considerable progress during the year, with our focus on generating quality revenues delivering a strong increase in profits and a substantial uplift in our order book.



"WYG is now in better shape than it has been for several years, with a highly differentiated consultancy offering, a financial structure which fully supports its potential, and clear momentum in its order book.



"Our key strengths in advising clients on asset creation, managing socio-economic development programmes and facilitating the restructuring of fragile states place us well to continue to convert our strong pipeline of opportunities in these areas."

MIDAS SHARE TIPS UPDATE: Hold tight as consultancy group WYG soars

By Joanne Hart, Financial Mail on Sunday

Published: 22:06, 11 October 2014 | Updated: 22:06, 11 October 2014


Consultancy group WYG is firing on all cylinders. It advises companies and governments on projects ranging from opening new supermarkets in the UK to building efficient waterways in Africa.

Midas recommended the shares in December 2012 when they were 621⁄2p and we were still optimistic last September, by which time they had climbed to 1043⁄4p. Today they are 111p and there is clear scope for further gains.

Last week, chief executive Paul Hamer told large investors that the company intends to deliver pre-tax profits of £15million for the year to March 2018, against just £4.2million in the year to last March.



Racing ahead: WYG is creating a Saudi Arabian city



Hamer’s confidence comes as WYG wins larger and longer contracts, so he is increasingly able to gauge future revenues.

One of the group’s biggest British contracts is a six year project helping the Ministry of Defence to rehouse thousands of troops who were previously based in Germany.

Overseas, WYG’s work includes collaborating with the EU to rehabilitate the former Yugoslavia, helping the Asian Development Bank in Tajikistan and creating a new city in Saudi Arabia.

Brokers forecast a 28 per cent increase in pre-tax profits to £5.4million for the year to March 2015 and a doubling of the dividend to 1p. Strong growth is predicted for the following three years, too.

Midas verdict: WYG shares were 61⁄4p in 2009, when Hamer was parachuted in to save the business. He has done an impressive job. The company is making strides here and abroad and the outlook is promising. The shares are a strong hold for existing shareholders. New investors might also choose to snap up a few.

WYG Confirm Significant Nuclear New Build Contract

RNS


RNS Number : 6883X

WYG Plc

24 November 2014




24th November 2014

WYG plc

("the Company" or "WYG")

WYG Confirm Significant Nuclear New Build Contract in Poland

WYG plc, the global programme, project management and technical consultancy, is pleased to confirm that further to the announcement made on 17th July 2014 it has now entered into a contract with Amec Foster Wheeler, which has been formally appointed by PGE EJ1, a subsidiary of Polish state-controlled Polska Grupa Energetyczna SA, to support the development of Poland's first nuclear power plant over the next 10 years.

As previously announced, the contract is expected to be worth a minimum of £6.2 million to WYG for the required scope during the next three years, rising to up to £35m if all optional work is undertaken over the 10 year period.

Under the contract, WYG will provide a broad spectrum of technical support services including contract administration, engineering support, licensing and permitting, management systems, site infrastructure, quality assurance and vendor and supply chain oversight.

Paul Hamer, Chief Executive Officer of WYG, said:

"I am delighted that we now have a firm contract in place to work together with Amec Foster Wheeler to deliver one of the most significant projects in Poland's infrastructure programme. We will be drawing on our experience built up over more than 20 years working on nuclear sites in the UK to help the Polish government achieve its long term objectives.

"The appointment is also a major advance in our aim of building a significant presence in the wider energy sector through our model of collaborative working with major, blue-chip partners."

ENDS

Half Yearly Report

RNS


RNS Number : 5330Y

WYG Plc

02 December 2014






2nd December 2014



WYG plc ("WYG" or the "Group")

Half Year Report

Strong profit and order book growth with further improvement expected in the second half of the year



WYG, the global programme, project management and technical consultancy, announces its half year results for the six months ended 30 September 2014.



Financial highlights:

Strong profit growth on revenues marginally up from second half of financial year 2014

· Revenue* of £63.2m (H1 2013: £63.9m; H2 2014: £63.0m)

· Operating profit** up 20% to £2.1m (H1 2013: £1.7m)

· Adjusted profit before tax** up 35% to £1.9m (H1 2013: £1.4m)

· Loss before tax of £0.4m (H1 2013: £0.7m)

· Adjusted** earnings per share of 2.9p (H1 2013: 1.8p)

· Resumption of interimdividend at 0.3p per Ordinary Share (2013: nil)

· Unrestricted cash after investments as at 30 September 2014 of £6.6m (H1 2013: £12.5m)



*Including share of Joint Venture revenues

**Before separately disclosed items



Operational highlights:

Strong underlying growth offset by delayed approval of EU Budget

· 13% increase in UK revenue to £40.0m driven by buoyant infrastructure and planning markets

· Strong contract wins in EEA and MENA following diversification strategy; revenue held back by EU Budget hiatus (Budget was finally approved in December 2013)

· Prior period focus on quality revenues underpinned improvement in Group profitability

· Acquisition of Alliance Environment and Planning Limited (Alliance Planning) creates one of the largest planning businesses in the UK



Post period end and Outlook:

· Trading since the half year end is in line with management's upwardly revised expectations

· Order book increased by 10% to £95.5m at 30 September 2014 (31 March 2014: £86.8m)

· Success with key clients and major frameworks underpins future revenue expectations

· Won 6 of 7 targeted major frameworks in the UK; potentially delivering over £100m of revenue over next 3-7 years

· International development opportunities have grown post period end

· €130m estimated pipeline of project opportunities in pre-accession countries following EU budget approval

· Strong pipeline across Africa following significant increases in DFID and EuropeAid budgets for the region



Paul Hamer, Chief Executive Officer of WYG, said:

"We have enjoyed a very positive first half. Building on last year's momentum, the UK has performed particularly well and we have retained or won the overwhelming majority of the key framework agreements that we have bid for, which are expected to generate a substantial proportion of our revenues over the next 2 to 3 years.

"We have also won a number of important new international contracts, significantly improved our order book, and further strengthened our business through acquisitions and investments.

"We are already seeing an acceleration of international development opportunities and the benefits of the approval of the EU Budget during the second half of the year, creating almost more opportunity than WYG can service so we continue to place a strong emphasis on the formation of strategic partnerships and identifying select acquisitions which can contribute to the Group's strategic ambitions.

"Overall, we are pleased with the improvement in profitability so far. The strong order book growth we are beginning to see allows us to be confident about WYG's long term prospects."