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Last post: Culpepper, 10 Jun 2024 16:08
Aberdeen store opens August.
https://www.aberdeenlive.news/news/aberdeen-news/construction-new-10million-wickes-store-9333871
A 24,000 square feet Wickes store and associated car park ( in Durham ) will open on 17 May, adding to Wickes’ comprehensive stores in the North East.
New Derbyshire store opening as planned before Easter.
https://www.erewash.gov.uk/latest-news-section/latest-news/1900-mayor-to-open-new-wickes.html
Closing their store in central, Bristol, it seems due to surrounding development that doesn’t suit.
Another new one ready to go.
https://bdcmagazine.com/2024/02/practical-completion-achieved-at-new-lidl-and-wickes-stores-in-long-eaton/
Last post: Culpepper, 31 May 2024 12:14
Whatever the theories, 140p currently produces an almost 8% dividend return, and permits Wickes buyback of shares I think quite cheaply, improving eps for the future.
Seems like this is being manipulated lower by an investment bank working on behalf of a client in order to make a low ball starter bid-lets see...
Started: dogsundergear, 31 May 2024 01:18
Last post: Culpepper, 31 May 2024 10:10
House prices make modest rebound in May as confidence improves, says Nationwide | HL
UK business optimism hits eight-year high, Lloyds says | HL
Sorry, I was addressing trading rather than takeover possibilities.
Maybe it is, last couple days. I don’t know, but I fancy from a general perspective things are unlikely to get any worse in that market, house moves, and so on, and will hopefully slowly improve. Wickes is competitive, from a market share perspective according to past releases, and teeing itself up for improving conditions.
If this carries on dropping it will be getting attention from buyers
Last post: Banburyboy, 29 May 2024 17:21
Lowest this calendar year Culpepper !
Dividend yield at 10.7p must be about 8%.
Hold for me but dissapointed it's not at £1.60.
A real slow burner !!
Either the balance don’t like Wickes, particularly recently, or somebody bigger is selling it down.
All i see is positive but why the decline. I bought in a few years @ £2.60 and hold much more now, buy back is underway, news is still good but its slipping ?
Pushing it to analysts and investors. Presentation seems to indicate it’s going quite well for them.
https://www.insightdiy.co.uk/news/wickes-hosts-tradepro-investor-insight-event/13717.htm
Started: Culpepper, 6 Mar 2024 10:35
Last post: Culpepper, 22 May 2024 10:35
It will be immediately accretive, so will help the bottom line.
“The Business will be fully consolidated into Wickes' accounts upon completion. It is cash generative and profitable and is expected to be immediately accretive to group profits. “
Https://www.londonstockexchange.com/news-article/WIX/acquisition/16481387
Could be a bit of a game changer this
Acquisition gone through
https://www.londonstockexchange.com/news-article/WIX/acquisition/16481387Q
Panmure Gordon one of those reaching consensus.
https://www.proactiveinvestors.co.uk/companies/news/1043515/panmure-downgrades-wickes-profit-guidance-due-to-cost-pressures-1043515.html
Started: Culpepper, 21 May 2024 18:26
Last post: Culpepper, 21 May 2024 18:30
Sorry. Wrong company.
A little.
Started: Culpepper, 1 May 2024 08:39
Last post: Culpepper, 1 May 2024 16:15
Https://www.lse.co.uk/rns/WIX/trading-update-for-the-16-weeks-to-20-april-2024-1rtccpa29k1ruhv.html
Slow. Overall expectations on profit unchanged.
Started: Culpepper, 30 Apr 2024 09:06
Last post: Culpepper, 30 Apr 2024 09:06
Last post: Culpepper, 18 Apr 2024 18:35
25th April
Started: Culpepper, 9 Apr 2024 17:50
Last post: Culpepper, 9 Apr 2024 17:50
Https://www.insightdiy.co.uk/news/wickes-announces-new-magic-radio-partnership/13563.htm
Taking advantages to promote, increase market share. We’ll still wait on housing turnover and wider economy though.
Started: Culpepper, 21 Mar 2024 16:23
Last post: Culpepper, 2 Apr 2024 20:07
Housing data rather disappointing today. So not surprised in the red. Not out of kilter wth markets generally.
I was just reading Kingfisher’s results from yesterday. On the new financial year, Wickes reported sales ‘in line with’ last year. Kingfisher are seeing ‘improved sales trend’ in the UK and Ireland. So based on those two, early signs may indicate their market has at least begun to stabilise, and will possibly improve throughout the year.
Wickes, like others, rely on discretionary spend for bigger ticket items. Early days, but mixed metaphor perhaps at the bottom and turning a corner.
https://www.bbc.co.uk/news/live/business-68581527
Started: Culpepper, 26 Mar 2024 08:53
Last post: Culpepper, 26 Mar 2024 08:53
Started: Culpepper, 21 Mar 2024 13:48
Last post: Culpepper, 21 Mar 2024 13:48
Started: makros, 19 Mar 2024 10:19
Last post: makros, 19 Mar 2024 10:19
Stock is far too cheap in my opinion, decent results, big yield, buybacks , low p/e, and an acquisition to boot-which to me shows a lot of confidence, and the shares do not budge--something may be afoot here, manipulation for a bid maybe, these would make a juicy morsel for someone!!
Started: Jsmyth993, 19 Mar 2024 08:07
Last post: Jsmyth993, 19 Mar 2024 08:07
Steady performance, held the divi and an acquisition gives confidence.
Started: jonathb, 28 Feb 2024 14:36
Last post: Culpepper, 28 Feb 2024 18:20
Cautious outlook by Lowes. Buyers seeing a quality company, depressed price, and buying for a future outlook with maximum pain over in house movement, renovations coming back, seems to be the feeling. Along the lines of what one institution has said on their recent entrance to Wickes.
Surprising it didn't dip further? But then, other side of the pond, LOW guided pessimistically but continued up anyway.
Last post: Jsmyth993, 12 Feb 2024 08:46
Broken through 160...still massively undervalued. Yield c7% still
Last post: Corryvreckan1, 8 Feb 2024 15:55
I always read Alistair Strang's posts on ii, partly to test my own observations against his but I also like his writing style. We are pretty much in alignment on this although my price targets are a little bit higher.
Good to see this holding up well without the buyback support, looks to be building another base ahead of hopefully the next move up.
I’m not much into it, more looking to advantage from what Wickes have built into their model, particularly when economic trends, housing and so on, work for the better.
For what it’s worth.
https://www.ii.co.uk/analysis-commentary/wickes-shares-worth-tracking-after-show-genuine-strength-ii530671
Last post: Culpepper, 1 Feb 2024 08:36
Https://www.lse.co.uk/rns/WIX/completion-of-first-tranche-of-buyback-programme-hme00akcyktmlet.html
Average cost 135.5p for 3.5% of the company. A good deal for shareholders, as we hope to progress, raising future eps., and more to come.
Started: makros, 29 Jan 2024 18:32
Last post: makros, 29 Jan 2024 18:32
Got to be worth £2 at least, this is a solid well run business with a decent dividend, still seems cheap to me...
Started: Banburyboy, 26 Jan 2024 07:37
Last post: Culpepper, 26 Jan 2024 09:41
It doesn’t necessarily follow through into general retail, but it’s what Wickes, and others, have been investing in anticipation of, over time:-
UK consumer confidence reached a two-year high in January, according to research company GfK, in the latest positive sign for the economy.
The consumer confidence index, which measures people’s views of their finances as well as their view on broader economic prospects, rose three points month on month to minus 19, the highest level since January 2022.
This was the third consecutive month-on-month increase and followed the release of January’s purchasing manager index last week, which showed economic activity rising at the fastest pace in seven months.
Economists said the findings suggested that January’s cut in national insurance, falling mortgage rates and rising real wages were helping consumer sentiment despite the cost of living crisis still hurting household budgets.
On cash, the divi will cost £27.3m and go from there.
Good morning.
They said they were comfortable with brokers expectations and actually achieved top end. Dividend will be safe, though never in doubt.
CEOs sometimes pad stuff out, but in Wood’s case and what they’ve been doing to ready themselves for improvement in household spending, better housing market and so on, I believe it.
"We remain confident in our growth levers and in 2023 we have invested further in new stores, refits and our digital capability. This leaves us well-placed to continue to outperform the market in 2024 and beyond."
What do you think Culpepper ?
Seems very steady albeit my cash projection was over the top.
However looks like £10m of share buy backs (4p a share) and 10.9p dividend is well covered by new capital allocation policy.
A return of 10.3% at £1.45 is very good.
I'm hopeful we might crack £1.50 today and hold it - let's see
Started: Culpepper, 23 Jan 2024 17:36
Last post: Culpepper, 23 Jan 2024 17:36
26th. January
Last post: Culpepper, 9 Jan 2024 16:33
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Started: Banburyboy, 4 Jan 2024 10:46
Last post: Banburyboy, 4 Jan 2024 10:46
Couple of 1m buys just after ten and some meaty ones after that.
Started: dogsundergear, 29 Dec 2023 11:57
Last post: dogsundergear, 29 Dec 2023 11:57
The bad weather the country has been having will always get people needing diy products,therefore Wix should benefit.