The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The cheap train is departing the station. £15 by end 21.
Was in for continuous run of 12 years. Sold out when things started falling apart and bought it all back in an average of the 500's.
I really liked owning WKP for the period, and the future will be no different. The investment community has now decided the pandemic will pass and is starting to value things at recovery prices, airlines, cruise lines etc.
WKP NAV will be around £10 coming out of this event.
Get them while you can.
Post Brexit, and London will shine and London property will rise with it. WKP do a darn good job of increasing the value of their properties, while covering the div with a good business model.
Go WKP, our little secret.
CameronF been in for 4years .....had some great returns here. CV19 has put the dampeners on and yesterday's announcement although a slight loss, didn't help.
I do expect post Covid en mass return to office space and WKP do also hold a significant value still!
Lets us hope
This chat is very much dead, so thought I'd pipe up. I have held shares for the majority of the lockdown now, getting in at 630p before it fell to 400~. How is everyone holding up?
Over in US, Amazon betting on an office based work future, expanding offices in 6 cities. Virtual team work not as spontaneous.
'We are looking forward to returning to the office'. Ardine Williams, VP of workforce development.
WKP is being offered at 50% off NAV at the moment, unless you think London working is finished.
Long termers have seen it all before. WKP generally lags behind other property companies. It was only just getting going to stella highs before COVID hit after a few years wait.
The recent rise came at the same time as the pound appreciating sharply. My suspicion is the market gained some confidence in UK and UK property assets and started to mark them up. This effect has now stalled, so WKP drifts.
I found the best way to deal with WKP is to work out where you think London property is heading next 5 years, check the current NAV for WKP, mark it down a bit, buy if it is under this price, then don't look at your holding for at least 5 years.
It is a pension cornerstone, not a share to make you smile daily.
The underlying business is well run and a good product, especially once normal service resumes, but it is all really about the value of the property, and right now, the market thinks offices in London are worth 50% less than they really are.
Pounds for 50p. 5 years from now, you'll wonder why you didn't buy more. For the rest of this year, you'll wonder why you bothered buying any.
Can anyone with more knowledge of share price movement explain to me what is going on with this share price? For weeks it falls, only to jump up on no news with massive buys/sells showing up at the start and end of each session. Now it seems to be yo-yo-ing...I just wish I could pre-empt these moves...
No love for WKP in the market. Think we'll have to wait for the next financial update to show the market that vacancies have not spiraled.
The smaller office revolution is coming. Fuzitsu in Japan introduce new permanent work from home policy to reduce size of head office. Twitter done this in US. Others will follow.
WKP is a slow burn. It was same in the 08 downturn. It will take the market a while to realise first their offering and proterites are different to larger office REITS trying to rent out whole floors of skyscrapers, then second they can keep increasing the value of the property assets under management beyond any basic market in crease in property.
A certain portion will go mad working from home. We will still need offices, just smaller and more flexible.
Hey mole_man, I had similar thoughts here. Also once the economy starts to get back into recovery mode, there's going to be a lot of new startups businesses who are all going to need flexible office space. WKP is ideally placed to provide it.
Beginning to wonder if WKP are sitting on a boom for their style of business. Larger companies may just want a smaller more flexible space, and continue on with many working from home. It's the tall buildings in central London letting off whole floors that will suffer.
It is much better to miss a month or two rent from a good customer and then have them back as soon as lockdown lifted.
A permanent work from home world is a dream being touted around the media right now. Reality is that quality business that WKP house will be craving to get back to group working, but they will need more space due to gaps that must be left between workplaces.
Office space could see a supply squeeze. Barclays will go to the wall if they think they can run a top bank with workers at home in pyjamas.
This morning's RNS demonstrates that the company cares about the long term interests of everyone affected by this Covid19 and is sharing the pain.
Hello ODONNELL, looking and reading!
Yes very undervalued, nice poke up to £10.30 for a while.
Longer term ambitions of £13.25 ish in my mind. Had lots of cash out of WKP in the last three years. Hugely successful and lots of value added under new CEO. Still a bargain
Keep looking!
Must be a bargain at 800p
25.6% discount to NAV
45.54% discount to its highest price
If you are offered property in London at a 26% discount would you be interested
Not that any one reads these on here
Not sure why the drop. Is it because the directors sold to cover their tax liabilities? or because of it being ex div.
Looks cheap with about 20% discount and 35% of its high. We have bought more today.
Seems like market makers have manipulated price down. This is a great growth story at a discount to well managed assets run by smart people paying a good div.-I,m filling my boots at these silly levels.
Looking at putting abit of money into this any thoughts? Am I to late to get the dividen?
Best wishes and thanks go to Jamie Hopkins- trust his issues whatever they may be, resolve and hoping he remains on St.Modwen board.
LOOKING DOWN THE LIST WE CAME ACROSS TWO PURCHASES FOR 70 AND 3 SHARES NEXT TO EACH OTHER TO MAKE UP OUR 80 PURCHASE. WHY THEY WERE ENTERED LIKE THAT BEWILDERS US. FOR A SMALL AMOUNT YOU WOULD THINK ONE MM WOULD HAVE SOLD THEM TO US RATHER THAN ONE FOR 77 SHARES AND ANOTHER FOR 3 SHARES
BOUGHT 80 SHARES BETWEEN 9 AND 10 AM AT 839P YET IT HAS NOT SHOWN UP ON THE TRADES, HAD THIS HAPPEN BEFORE WITH OTHER SHARES. ANY ONE ANY IDEA WHY THIS IS. NOT EXACTLY A LARGE PURCHASE .IT WAS JUST A TOP UP.
Stunningly good performance-a well oiled machine driven by class acts-well done!
On a whim I bought into this business in November 2014 and HL tells me my money has grown by 63% since. It's also paid me a modest divi every six months. The business continues to add value although I guess the test will come at Brexit when London may become more of a backwater. Hats off to Jamie Hopkins and his crew for running such a tight, steady and progressive ship.
£10 achieved, and a dividend in a few days time !
Towards £10 !