WYG (WYG)

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WYG WYG Logo

The global programme, project management and technical consultancy.

24-Nov-2017 – 67p – £48.7m – PER 7.68

Trading Update – A further revision to expectations confirms Operating Profit for the full year will be “substantially lower than current market expectations and in the range of £3.5m to £4.0m, with net debt expected to be in the region of £6.0m to £7.0m”.

This was already on my Avoid list and will remain there for the time being.

5-Dec-2017 – 38.5p – £28.5m – PER 5.84

Interim Results For The 6 Months To End September 2017 – Revenue up 3.8% to £76.2m, Loss before tax £2.8m (H1 2016: profit of £0.8m) after provision of £2.45m for legacy contract claims from discontinued businesses – So with Revenue up 3.8% why is the loss not limited to £0.8m – £2.45m (-£1.65m)? The Interim dividend is flat at 0.6p per share.

No signs here for me to be interested any time soon.

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