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To stay invested here means believing it was all a storm in a teacup and will pass. I personally believe the anger was such that enough people will take action over the coming weeks/months and in turn that will affect profitability. I could be wrong but I do sense the public are starting to fight back on these woke companies. Wickes might have got away with this six months ago but this time it feels different. I'm not expecting huge daily drops but would like to see revenue for this period before jumping back in. Dividend yield at this price is about 9% and that high a divi is quite often a red flag rather than an opportunity.
It is whether the "bigots", i.e. customers, are OK with giving their money to a business that lectures them, insults them and then tells them they are not welcome in their shops that is the real story. Perhaps they should put up a sign à la Basil Fawlty - "No riff-raff".
I'm not sure a whole pile-on by the twitter bigots is a good gauge, though I appreciate it might be your reality.
An early snapshot following Friday’s read across from Travis Perkins. TP recovering, +0.45%, KGF -0.6%, Wickes neutral.
Ps I had a significant holding in Wickes (for me at least!) - this will defintely impact sales - you only need to read the Twitter posts to see that. How big is the question - I guess we will know come the next trading update.
I doubt you’re in the least ‘worried.’ More likely revelling in a bit of negative posting, on a share you don’t hold. Can’t be proven either way, of course.
My worry re div is if Wickes suffers the same way Anheuser Busch did over Bud Light. There was a small reaction in the share price when the whole Dylan Mulvaney thing came out but a month later when the sales figs came out the stock was dumped. Could easily happen here and if it does that divi will be the first thing to go or at least be reduced. Plenty of big hairy builders will come across this story this week as it broke late last week. Customers are clearly leaving Wickes but is it a trickle or a flood? That's the gamble now with this company. All will be revealed in the next set of results of course.
Staying it pays a good dividend
Though old Longden was more outspoken, B and Q will be out for them too.
Much the same, as you’d expect any company to be nowadays.
https://www.kingfisher.com/en/responsible-business/Sustainabilitycasestudies/responsible-business---colleagues/supporting-lgbtq--colleagues-and-customers-in-poland.html
I'm out. Not prepared to invest in a company that makes grand political / activist gestures at the expense of investors / customers etc. Insulting customers is never a good idea full stop. It's not about a person buying a pot of paint - it's about those customers doing a big project that feel strongly about things shopping elsewhere. Good luck to those that remain. Very disappointed with management here - I didn't sign up or buy these shares for political excitement or involvement.
Bud Light ;)
As long as you behave yourself.
I’m pretty sure they’d take your money, without fuss, whatever your particular leaning.
Whatever else, it shows how the narrative gets hijacked. He never said anything like that. His part in this goes to saying he believes you can’t have a grouping of those who identify as LGB etc. whatever it is, and Wickes is all-inclusive, without adding a T for trans. Spoken at a forum discussing such niceties.
Bit of a technicality for me, and those not campaigning on trans matters. And he won’t have anybody playing up in Wickes because they think otherwise, because they’re all inclusive.
That's why you, you shirt lifter have got no likes lol
I’ve deleted my Wickes Trade pro app account. I don’t believe a biological man is/ or can ever be a woman and so I’m, “unwelcome at Wickes.”
Screwfix it is then!
“How many customers does that leave him with?”
Xenon… then about 26 others, so 27 people in the UK.
Could the COO’s recent trans comments be a play to raise investment from the likes of BlackRock? They love corporations pushing political messages in exchange for ESG investing.
Seems reasonable to me - people like round numbers i.e. £1 - and that would be around 20% which is what happened to Anheuser Busch (Bud Light)
Is it true that the CEO is meeting the Chairman this weekend to try and resolve this? Anyone else heard this? Could be panic stations next week. Loads of people will be on here claiming to wait for a sub £1 entry point. Could happen I guess if the critical online noise continues to grow but surely the damage won't be that bad will it?
Sorry I thought Travis still owned them, I'm bet they're bloody glad they don't now ! In that case the BoD need to move him on to somewhere he'd be more suited. Perhaps managing Transnet ?
He’s Wickes. Not Travis Perkins.
Travis Perkins need to move him on and quickly.His personal minority views have no place in being conditionally linked to the company. He was meant to be running a FTSE business not an LGBT appreciation club.
If you’re sufficiently interested to know more about Esses, there’s quite a lot on the internet.
Here’s one.
https://www.crowdjustice.com/case/expelled-university-free-speech/