Red Flags at Night: Worthington delivers a cracking April Fool

Comments

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   Philobeddoe

   5 March 2016, 09:07

   Dear Nigel,

   I have managed to post a variation of the £1.3bn times table on the LSE and it makes perfect sense to me. Your comments are totally without merit and are potentially damaging to the conglomerate i have invested in. Please refrain from being such a loser. I can only assume you have shorted this stock and that as someone who has no investment that you are just insanely jealous of me.

   The lack of any news, the failure to provide accounts and the ‘quality’ of the directors is of course a positive in my view. Only a fool would disagree.

   I expect to be able to buy more at around £1.3bn a share when it inevitably relists providing of course that I have been released by then.

   Very best Regards

   Philobeddoe

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   struie

   5 March 2016, 16:31

   Nigel, have you, or anyone else for that matter, any idea who/what is PD COSEC LTD? Listed as an officer of WRN along with Spurway and Ware.
   https://beta.companieshouse.gov.uk/company/00527186/officers

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   Worthingtonian

   6 March 2016, 03:13

   PD Cosec just adds to the smokescreen. It appears to have been completely financially dormant since incorporation, although it’s officers have changed. I’d be surprised if its current directors knew much about the situation.

   Exposure Communications / Simon Burton / Charlotte Parham, named on earlier RNSs, are a completely different story though.

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   philobeddoe

   6 March 2016, 13:56

   Please read my extensive research before posting more of your piffle

   The model as i see it, we’re all about volume trading – creating huge interest and huge volumes. This in turn ensures we’re in the spotlight frequently which makes us attractive to investors which provides the funds to secure bigger and bigger deals – which in turn creates even more shareholder value, leading to even bigger trading volumes, which attracts even more investment to secure even more deals to fuel even more growth. Future profits will also be used eventually to fund deals further accelerating growth. All this makes us very liquid – which makes us particularly attractive to deal partners who may be looking for future investment to fund their own growth plans.

   A stock which doesn’t attract our level of interest can’t generate the levels of volume needed to attract investment, so it struggles to raise the funds to purchase the deals. This makes it unappealing to investors AND deal partners.

   The long suspension has only INCREASED interest and when we resume trading, volumes will be very high and will only continue to grow over the following days, weeks and months of resumption.

   So for deal partners, including the original ten whose NAV equated to $2 Billion plus, there will likely never, at any point in time during suspension, have been a moment when any of the deal partners will have doubted future levels of interest, volume or liquidity. Many small companies would love to be in our position – able to generate massive interest and volume. There is no logical reason why ANY of the original ten deal partners will have pulled out. Indeed, time will only have made us even more attractive as the levels of interest and anticipation continue to build as we get ever closer to resumption. It is highly likely that most, if not all of the original ten deal partners are still very much there.

   Suspension in the company’s shares will not have prevented normal daily business activities or progress. And since we’re in the business of making deals and interest has continued to grow, it’s a fair assumption that more investment may well have been secured and more deals added. Wealthy North American investors in particular, who are fond of the Berkshire Hathaway conglomerate will no doubt be keen to invest in our growth plans early on, well aware of the potential of an emerging global conglomerate.

   Since we’re all about volume trading – big newsflow, ambitious growth plans and huge potential – all of those things will put us in the spotlight – but nothing attracts buyers like a booming share price, especially one that has much further to go.

   £1300m NAV ÷ 260m shares = £5 NAV per share ; which indicates our fully diluted position = 260m shares.
   However, WRN have stated in the Q&A that further dilution will be subject to lock-in arrangements and that dilution will only ever be at a premium to the current market price at the time of issue.

   Philobeddoe 27 Feb 2016