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Hi Whats happening here ????
No trades since Wednesday. I have checked this on a Level 2 data platform. It is fairly quiet on L2 order book.
This is one to wait for further developments. There cant be any stock down here, so slightest good news this will gap up. IMO.
Bizarre!
Increasing their stake. Maybe they already have a plan for WRKS in mind. Should get very interesting in the months ahead to see what they have in mind. It's always been the go to place of city centre shops to me, just needs to translate that into better money making somehow.
Just needs the new non execs to get to work and get this company growing again.
All looks promising.
Blue finish, that’s positive.
Let us establish what happened in the general meeting vote a major share holder voted against the 1.6 pence dividend being paid in a preference to a buy back. There is not going to be a buy back? So are we to assume that the dividend is just going into the coffers to add headroom or hold or preserve cash flow?. Well I think it is a shambles I have lost a lot on this company
Possibly a triple merger of Card Clintons and theworks
Noticed ShoeZone started motoring once a shop closure program was under way.
I always believe the Works would be a perfect takeover target for CARD. Similar types of business but don't currently tread on each others toes. The problem is the retail outlets are too small to merge shops.
Yes bit of a struggle, I was hoping for some upturn more CARD style. The whole stock market is generally in the dumps so Works isn't my only loser. WE seem to have hit another bear phase, maybe the red sea attacks danger of spilling over to a wider conflict of which the UK are implicated in.
Oh well there you are even more dismal news. No buy back, no profit, no Christmas upturn , that is me finished with Works.
When I say "negative Announcements" in my last message! Can anyone remember when they last said anything positive or optomistic? It's almost like they are trying to milk the shareholders dry. Everytime it's like doom and gloom. Come on now works lets see some "works done" and lets have some good news for once. Oh and when are these share buy backs happening ? I am sure we all agree. GL everyone.
The results have allready been discounted by about 30% the shops have been incredibly busy since the last negative announcement, I think I have seen more customers buying this year than last year. There have been long queues at the tills monitered regurlaly over the last 2 months. If the results are negative I think there is something not quite right here. Because I predict an upside of at least 5p based on the oversold November statement and the current customer base.
Just a week away from Interims and volume very low or nil. Fingers crossed xmas will have been ok in the end.
Should hear soon how the 'busy' trading period went. Interim's in January 2024. The stock price has always moved up very strongly in this xmas/new year period in the last few years, though later slipped away once again and we are where we are once again.
Why the 3.5% drop ?
No RNS so no buy back
Looks like the buy back has started , if so not before time. The shops have been rammed with customers and the discount period was short lived, a bit during Black Friday week and a 20% if you spent £20 for a few days. It looks like they have done a good job priced it just right in these difficult times. GL
Bought 10000 shares a few minutes ago as I expect Christmas will be busy,as I can't think of anywhere else for the usual last minute rush for low price interesting and good range of products/gift ideas as usually found in the works stores. To me this could be potentially similar to CARD in terms of recovery but needs post christmas momentum and ideas also.
DYOR though, I'm going to be optimistic as I just bought a few and may add on momentum or even sell on fear I got it wrong.
Visited an @WRKS store this weekend and found it the same as yourself Carlost, Lots of people queuing and I ended up being one of them with several purchases myself. Some nice amounts also going through the tills from the purchasers ahead of me. Definitely price competitive on the items I bought.
Has the buyback begun ?
Topped up today. Same as CARD the shops were really busy at the weekend. I see the Christmas boost starting now. Fingers crossed!
It would at least make it slightly harder for short term holders to find shares.
Guess they are weighing up the benefit to EPS vs. having another £1m headroom pre-Christmas.
If they spread it out over many weeks then I don't think the 3 million or so shares would make much difference to the price. A similar amount traded on the last Trade Update day.