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No point in topping up as sales will probably be down due to the comments of Fraser in his interview with Pink News
Cusomers who shop at Wickes are bigots that disagree with his personal views which he has said quite clearly in that interview, he's actually the bigot becusae he thinks he's right, but from a legal standpoint he's actually on thin ice as the law will find agianst him.
Old news just being regurgitated, most people will shop based on budget & price Wickes fits this bill. Kingfishers shares are in just the same state.
Politically motivated newspapers are driving this to stoke up resentment and discourse.
In the meantime good opportunity to top up
CEO stay out of politics !
We have enough loons in the world at the moment !
And pigs might fly.
David Wood CEO, on the COO and Wickes position..
‘Fraser is a passionate supporter and advocate for inclusion. diversity and the
LGBTQ+ community and the comments he made have been taken out of context. I would like to assure vou that. at Wickes, we pride ourselves on being an inclusive emplover. We fully respect that everyone has their own opinions and beliefs and we want evervone to feel welcomed in our stores, except, or course, for those who display abusive behaviour.’
There are possible grounds for discrimination against Wickes, the CEO was speaking on behalf on the company although actually stating his own thoughts, big mistake. If someone was offended by those remarks he made during that interview then there is a chance of claiming damages against the company under the equality act.
I have no reason to expect a general meeting until next Spring.
I do, however, expect a trading update this month.
'Repeating old articles does not further your case.'
Short attention span or what...
It will be left here and be discussed at the GM as to why its necessary to play politics.
Homing in on just one, in my view correct, aspect of Wickes broad support for minority groups, taken out of context when all reasonably behaved shoppers are welcome, may itself be said to be narrow-minded in your consideration of a company’s social governance.
Repeating old articles does not further your case.
We disagree, so I shall leave it there.
I don't think so
https://www.dailymail.co.uk/news/article-12202079/Outrage-Wickes-boss-says-trans-critical-shoppers-not-welcome-stores-sparking-backlash.html
I don't like narrow minded CEO's who have a wide tarnishing brush.
I feel some are continuing to get a bit carried away in their posting with this manufactured storm in a teacup. The CEO is content with company policy, and has explained that the COO remarks were taken out of context.
There will be no change in company policy as well-promulgated, or the COO.
Maybe time to convene a special share holders meeting putting the motion forward to remove the CEO and put forward a replacement with one aligned with a 'No political stance'.
I agree, the CEO should resign before further damage is done. Freedom of speech and woke EDI cannot exist in the same bubble, he's made is position clear and needs to go. Calling your customers bigots because they don't agree with your own personal viewpoint is commercial suicide. I cite "Bud Light" as a recent example.
Iceman, our CEO is getting involved with politics, if he wants to be involved with politics he should go into politics and resign from this company. I am interested in companies due to their productivity and this behaviour gets in the way of that important function !
He should resign !
JKR is fully aligned with, and is a very, very strong associate of, people and groups who are strongly anti-trans. Again, whether one supports an anti-trans position is not up for debate, and I am not criticising her for being anti-trans, which is her right, just as it's the right of anyone to have protected beliefs about any culture, creed and race.
JKR is not anti trans, she is pro women's safety and invests to help run a woman's refuge, it's not anti trans to do that.
There is alway the clowns who label her to diminish her work, but don't fall for that nonsense.
Sell out for the summer or wait for better news in 2024?
Clarisssa wants a new pony so I'm tempted to sell up with a tiny profit at 124p. Any thoughts?
Hello atrm2. First of all, I fully agree with you that the company should not be getting involved in contentious political narratives. 100%. My response was to point out that you had been caught in the figment of the right wing media "What fresh hell is this?" mode of selling media to you. Hopefully, now that this has been shown to be a whole lot of piffle you may learn to be a little more discerning in what media you consume, or least learn to question where agendas lie.
Regards JKR, you have been rather presumptuous - I have nowhere in this stated a view on any of the trans debate, nor called JKR a bigot, but have correctly pointed out that she is indeed anti trans. There may be very good reason for her being anti-trans, but very firmly anti trans she is. Good luck in chasing divis elsewhere.
Regarding management MTbonce. With most likely recession coming in UK and Wickes more exposed than most to that. Why a CEO on half a million a year is not prioritising interests of employees and shareholders deciding instead to involve himself in contentious cultural arguements does suggest lack of judgement. Maybe running a DIY shed retailer and even on that salary is just too boring for some. Former holder.
Using your logic, I would say I care about cheap shares. Wickes is now headed back to its all time low of 110p, it will be interesting to see if it bounces from there, or if it just carries merrily on its way down to the bargain basement. I suspect the latter, given that they have voluntarily painted themselves into a corner, which is not a sign of intelligent management.
LOL What nonsense. Do I care if Mr. Wetherspoons talks a lot of loony brexiteering drivel? No, I care about cheap beer!
I don’t know what the ever-optimistic Liberum had in mind, but they say “an update on capital allocation later this year could provide a further catalyst.”
A little more to it than usual.
Capital allocation policy
‘The company intends to announce a revised capital allocation policy at the time of it’s Q2 trading update in July.’
Same..
Price ~Then 138.90
now 118.60
DEN ALLOTTTTT...TTTROLL.