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WYG plc – recommended offer, praise be to the Americans?

2019-05-20 13:45:55

Project management and technical consultancy, WYG plc (WYG) is recommending an offer from Tetra Tech, Inc. (NASDAQ - TTEK) of 55p per share – including emphasising it “a premium of approximately 244 per cent to the closing price of 16 pence per WYG share on the last practicable date”!...

NEWSFLOW ARTICLE

WYG – after profit warning, CFO walking, now 0.6p dividend cancelled as covenant breach waived (for now). Sell.

2019-03-19 01:34:10

Dear, oh dear – every time we get an announcement from AIM-listed project management and technical consultancy purveyor WYG (WYG) the news seems to go from bad to worse, and hats off to Steve Moore for his unremitting bearishness on this. The latest news is that the banks have agreed to waive the 31 March covenant test (which the company had previously warned it would fail) but the 0.6p dividend per share - which was declared on 4 December 2018, payable on 4 April - has been cancelled. How embarrassing is that?

NEWSFLOW ARTICLE NEWSFLOW ARTICLE

WYG – trading update, expects “modest improvement in the level of operating profit”… but what about cashflow?

2018-03-28 07:20:24

Project management and technical consultancy, WYG (WYG) has updated including “our current trading performance is in line with recent market expectations… encouraged by the progress being achieved through a number of distinct actions we are taking to improve the efficiency and effectiveness of our operations”. The shares though remain down at circa 35p…

NEWSFLOW ARTICLE

WYG – “pleased” with Turkey cash received, BUT…

2018-01-02 06:08:36

Project management and technical consultancy WYG plc (WYG) has updated having noted in its December half-year report a build-up of working capital in Turkey and that “we expect significant cash receipts from our business in Turkey before the calendar year end”

ARTICLE

WYG – I did warn… profit warning (again!)

2017-11-24 08:43:51

Previously writing on WYG plc (WYG), I questioned in August further profit disappointment ahoy, concluding with there still looking a lot of hope in the even materially lowered full-year forecast, I continue to avoid. The shares had recovered from a close then of 54p to 67p, but that before a further trading update today…

NEWSFLOW ARTICLE

WYG – profit disappointment from multiple angles, but argues “a sound platform”. Really?

2017-08-25 06:33:11

“Trading Update” announcement from WYG plc (WYG) commences that “the board continues to expect revenue for the current year to exceed £160m representing continuing year-on-year growth in line with market expectations. However, for the reasons explained below, the board has revised its expectation of near term operating performance”… Not upwards I’m guessing!…

NEWSFLOW ARTICLE

WYG – from “good forward visibility” in December to now a profit warning from the 2016 AIM Awards ‘Best Investor Communication’ winner!

2017-03-23 04:30:09

“Trading Update” announcement from WYG plc (WYG). Should be ok as the company’s December half-year report emphasised “a sound platform from which to deliver a full year performance in line with current market expectations”, with “good forward visibility” (as well as noting its “winning the Association for Consultancy and Engineering's Best UK Business Performance Award for a large firm and the AIM Awards Best Investor Communication Award”). Er, what? The shares currently down approaching 20%, at just over 100p?!?...

NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

WYG plc – positive update, but are the shares a buy?

2014-09-12 10:54:47

Project management and technical consultancy, WYG plc (WYG) has announced a £3.2 million acquisition and that “we anticipate that operating profit for the full year will be modestly ahead of current market consensus figure of £5.25m”. However, following a share price recovery from 42p as recently as August 2012 to a current more than 115p, is there still value in the shares? Would I buy?

ARTICLE

WYG plc - Western Balkans contract wins & broker update

2013-09-25 17:19:30

Following an update from international project management and technical consultancy company WYG plc (WYG) that in its current year to 31st March 2014 it has won more than €8 million (currently approx. £6.75 million) worth of contracts over 2 years in the Western Balkans region, brokerage WH Ireland has updated its view…

ARTICLE

WYG plc – further forecast update & comment

2013-09-09 11:10:37

Following a positive trading update from global project management and technical consultancy WYG plc (WYG) last week, researcher Edison has now added its views to the reaction - concluding that it believes the shares offer greater value than headline price-earnings multiples suggest

ARTICLE

WYG plc – further reaction to company’s update that recovery is continuing

2013-09-04 05:57:05

I commented yesterday (see HERE) on a positive trading update from global project management and technical consultancy WYG plc (WYG). The following adds to those thoughts with some further broker reaction to the company’s update…

ARTICLE

WYG plc - trading update, recovery continuing

2013-09-03 07:15:14

Global project management and technical consultancy WYG plc (WYG) has, for its year ending 31st March 2014, reported “a good, strong start to the year, with encouraging progress in both our UK and overseas markets” and that it “expects the outturn to further exceed those expectations” having stated in June that it anticipated that the profit outturn for the current year would be higher than market expectations at that time. The following updates…

ARTICLE

WYG plc - a price target achieved, more to come?

2013-08-12 11:29:14

Reviewing AIM-listed global project management and technical consultancy WYG plc (WYG) at the end of last month I concluded that it ‘is a recovery story which looks to have further to run’ (see HERE), whilst brokerage N+1 Singer noted “on a 12 month view, given recent trading momentum (and forecast upgrades), we believe that WYG shares are likely to breach 100p”. Today has seen this share price achieved already and the following updates…

ARTICLE

WYG plc - contract wins, a recovery story: Further to run!

2013-07-30 08:35:13

I reviewed AIM-listed global project management and technical consultancy, WYG plc (WYG) last month following its publication of results for its year ended 31st March 2013 – see HERE. The following updates, with the company having today announced more than £10 million of new contracts in Southern Africa won in the current financial year…




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