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Bullboard - Stock Discussion Forum Wenzel Downhole Tools Ltd T.WZL

Energy Oil & Gas Equipment & Services

Bullboard (TSX:WZL)

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Post by riverrowon Jul 23, 2013 6:11pm

Two British Companies fighting it out over WZL !!!

Wenzel Downhole Tools Ltd. shareholder Perlus Investment Management LLP has released a letter to shareholders. Dear Sirs/Mesdames: We are in receipt of your letter dated July 11, 2013, which was ...more  
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Discussion
Post by riverrowon Jul 17, 2013 8:22am

PE ratios

Loblaws, trading at at least 14x PE is buying out Shoppers which is trading at at least 14x PE.  Basin wants WZL for less than 8x PE.  Different industries for sure but you see the kinds of ...more  
288
Post by riverrowon Jul 11, 2013 5:29pm

Wenzel reply to Perlus letter.....LOLOLOLOL

Why a re*****ble firm such as Raymond and a highly credited special committee would insist on including precedent transactions that were miniscule at best coming in at 3 and 16 million dollars as far ...more  
371
Comment by rltchkon Jul 11, 2013 12:39pm

RE:PERLUS INVESTMENT MANAGEMENT LLP knowledgeable dissents.

Go to the following link https://search.finra.org and search 'raymond james' and select 'All of FINRA.org' in the drop down.  You will see a long list of regulatory events listed ...more  
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Discussion
Post by riverrowon Jul 10, 2013 5:28pm

PERLUS INVESTMENT MANAGEMENT LLP knowledgeable dissents.

This was released today.  They appear to know their accounting.  For shame on Raymond James for valuing WZL so low!!!! LETTER FROM DISSIDENT SHAREHOLDERS OF WENZEL DOWNHOLE TOOLS LTD ...more  
348
Discussion
Post by riverrowon Jul 08, 2013 10:04am

Previous buyouts support $3 a share buyout price

Raymond James glosses over it but their own data supports a $3 a share buyout.  Look at table 13 Precedent Transactions  we see that the most recent comparable buyout was when Oil States ...more  
296
Comment by rltchkon Jul 05, 2013 4:17pm

RE:Voted no to buyout yesterday

Looking at the report the projected EBITDA for 2013 will be 16.2 translating to an estimated eps for year of approximately .40.  Next year the estimated eps is projected to be .50 and within 4 ...more  
225
Discussion
Post by riverrowon Jul 05, 2013 9:28am

Voted no to buyout yesterday

Received the buyout package the other day. I barely looked at it.  It looked like a buch of jibber-jabber to support the lowball buyout price,  I still think a buyout representing 10x PE at ...more  
333
Discussion
Comment by rltchkon Jul 03, 2013 3:28pm

RE:Lowball buyout Offer at $2.25

You are right... just check the link below about ISS (Institutional Shareholder Servers) which gave the buyout a recommendation: A key quote in the post (which mentions ISS) is: "Proxy advisory ...more  
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Discussion
Post by riverrowon May 21, 2013 7:48am

Lowball buyout Offer at $2.25

Nice deal for the buyers at $2.25, less than 8x trailing earnings (I'm ignoring the $18 million payout in 2012 for the lawsuit they lost, a onetime event).  That gives the buyers a 12.5 ...more  
289
Discussion
Post by ferret_caon Mar 06, 2013 3:08pm

Earnings ??

so i sold out my position over the last couple of weeks with the last gone today. still like the company long term but want to see the next q and year end financials before reinvesting. am not ...more  
273
Post by mjh9413on Dec 27, 2012 9:46pm

Going Private??

Anyone feel the brothers might buy out the rest of WZl (they bought initial position at $2.30.)  They do sell to WZL from their company and WZL would be worth more to them as 100% owned...only ...more  
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Comment by mjh9413on Dec 05, 2012 2:47pm

RE: todays trading

wow! quite a turnaround. don't get it really as this represents a \cost\ assessed in interest terms (as though they borrow the whole amount or even have to use own cash, which was not much ...more  
370
Discussion
Post by ferret_caon Dec 05, 2012 12:54pm

todays trading

i picked some more up this morning in the 1.60's, it is now actually up a penny on the day and looks like it could go to $2 ask is now at 1.91 getting rid of this albatross good news even though ...more  
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