whytestocks
5 years ago
News: $WH Days Inn by Wyndham and Starlight Children's Foundation Team Up to Debut New Design-A-Gown Contest for Pediatric Hospital Patients Nationwide
PARSIPPANY, N.J. , July 2, 2019 /PRNewswire/ -- Days Inn ® by Wyndham is looking to bring some extra sunshine to those who need it most this summer, teaming up with Starlight Children's Foundation to launch its latest design-a-gown contest. Open now, the contest invites Days In...
Got this from https://marketwirenews.com/news-releases/days-inn-by-wyndham-and-starlight-children-s-foundation-team-up-8445832.html
dirkv
10 years ago
WSP Holdings Ltd. ADS reaches new 52-week Low
Shares of WSP Holdings Ltd. ADS (NYE:WH) hit a new 52-week Low today, currently trading at $0.64.
In the past 52 weeks, WSP Holdings Ltd. ADS has traded between a low of $0.6499 and a high of $2.89 and is now trading 78% below that high.
WSP Holdings Ltd. ADS shares have a 50-day moving average of $0.84143 and a 200-day moving average of $2.0163.
About WSP Holdings Ltd. ADS: WSP Holdings Ltd through its subsidiaries, manufactures seamless Oil Country Tubular Goods, including casing, tubing and drill pipes used for oil and natural gas exploration, drilling and extraction.
dirkv
10 years ago
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in WH, which is 22.5% of the O/S. Their cost basis is approximately $7 per share. Group CEO and President of UMW, Syed Hisham Bin Syed Wazir, is also Vice Chairman of WH.
Oaktree Capitol (OAK) holds 6.9% of the O/S, or 1.41 million shares. Oaktree Managing Director Dennis Zhu is also a WH Director, and is on the independent committee to review the going private proposal. Oaktree Capital is the world's largest manager of distressed debt. Other than Sina (SINA) and Melco (MPEL), Oaktree currently has no other US-listed Chinese investments.
Shares Outstanding: 20.44M
Float: 2.55M
DFRANK1970
11 years ago
This is possibly why the major drop in PPS:
http://seekingalpha.com/article/1609142-wsp-holdings-will-reward-short-sellers-soon
Recommendation: Short WSP Holdings (NYSE: WH)
Catalysts: NYSE Delisting; termination of merger agreement after August 21; failure to obtain waivers for credit facilities from the bank
6-Month Target Price: $1.5 or less
Thesis
WSP Holdings (WH) is likely to terminate the merger agreement within a month. Judging by the current prices, investors seem to be confident that the deal will not fall through. However, the stock follows the exact trajectory that China Advanced Construction Material (CADC) took a year ago before CADC cancelled the going-private deal. Furthermore, the company has been in breach of the debt covenants since June 2012 and whether the company is a going concern remains a question. Last but not least, the stock is likely to be delisted from NYSE because the company may fail to file its annual report within the 6-month grace period. If any one of the three events occurs, the shares are likely to trade below the price level immediately before the announcement of the going-private offer.