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Hey SueJ
Nice hearing from you. Hope you're well. Lot of the high street non- essential high street stores have pulled back recently due to govt flip flopping on public gatherings and the delta variant. Wrks, Card Factory, Shoe Zone are all in the same boat. we have had a linear push up and thus a breather's not too bad. Think Summer will be up and down and with kids holidays coming up and no overseas travels unless you can afford the holiday companies and airlines jacking their prices three fold for the green zones, i see a lot of kids being occupied thru the summer with arts and craft, books, gadgets and toys and see The Works being fine - especially with their more fuller online proposition. Then after the summer we will probably see a Trading update and hopefully it should be a good one. I see £1+ before losing my grips on these shares.
So where is this price going? Slipped a little. My target is still 75p
Yup those Sell and Buys are my trades, the trades in buying Shoe are all showing up as SELLS atm so be careful. I went on both websites this morning. I like the idea that SHOE Zone have free delivery (2-4 days) on any amount of goods for the rest of the year. The Works has a minimum of £30 before u get free delivery - I think this year will be huge for both online channels for but I give SHOE the edge with the free delivery and the fact that they supply one of life's necessity .. sometimes simple role playing social scenarios beat looking at financial figures..
Yes I can see your £8000 and £6000 for 71.5p sell and I’m guessing that’s your Shoe buys for 82p? (although they are displayed as sells).
Be interesting to see over the coming weeks whether that was a wise move or mistake. I’m going to do likewise but I’m convinced Shoe and Wrks price will be the same soon and that’s when I will make my move.
All a bit of fun and there is no right or wrong in this game it’s how you feel at the time.
Good luck!
The share bid price for Wrks was flipping between 69.80 and 70.60 all day today on my H&L brokerage account. So when it moved up today for a second higher than that - I sold some at at 71.5p this afternoon from my ISA and SIPP, now 60-40 in Shoe favour and feel that's the way to go... DYOR
Hi Roxbury, thanks for your comment, that was my exact feeling, that the owners of Shoe made themselves known as the big buys a few weeks back and nothing about that £1m buy in Wrks and then the gap widens between the two. I would have expected some board share deals from Wrks especially if these prices are cheap ..In addition prior to the pandemic, the Wrks share had been declining and I really think there is more of a gap in Shoe Zone to move up.... Maybe I will balance and go 50/50 in funding and rest more easy... so good to hear from you Rox !
Hi PurpleInvestor I also hold both stocks and was thinking likewise. About 2 weeks ago they were both languishing around 67p and I thought about hedging my bets by balancing up my portfolio but didn’t.
Both have had £million buys since but we don’t know who Wrks was.
The owners of Shoe declared theirs and as a result their share price increased by 10p.
My advice is to wait until the share prices match up again because I think they will.
I could also be wrong of course because like everybody else here I’m just guessing.
Hi. I have more of my holdings in Wrks than in Shoe Zone atm but feel there will be more movement in Shoe Zone to come. Shoe had big buys recently by the directors which provides hope. Wrks also had a £1 buy recently but there was no news who that was from. 65 % of funds in Wrks and 35% in Shoe currently - thinking of adjusting that so I am more geared towards SHOE - does anybody have any thoughts.. Whatever happened to the early buyers like Draft and SueJ - would welcome your views
The longer I’m in this game the less I seem to know.
£1Million buy late yesterday followed by some largish buys this morning and the share price drops?
Couldn’t make it up.
Just confirms though that this is a big game and we are the players. The price was dropped to fill that big order IMO and it wouldn’t surprise me if they are doing it again.
Only one way for the share though from here and that’s up.
Ok so no RNS this morning shedding light on yesterday’s late reported £1Million buy.
If we hear nothing then it is simply somebody new building up a position with less than the declared 3%.
Either way it is good news and let’s remember that there are only 63m shares in existence.
I reckon we will open at 74p today.
Hi Rox. Unless the buyer already has a shareholding this amount is below the disclosable trade level of 3%. The more likely (??) is that the seller will already have more than a 3% holding so there could be an RNS on the other side of the trade. Either way they have three days to declare NOT tomorrow morning - but may chose to do so tomorrow.
My bet is on an employee share trust being set up with shares to benefit staff. Not quite as exciting sorry and of course the egg will be on my face at some point if it's something else. All IMHO
Paying 74p this is the highest share price since Nov 19 profit warning
Hoyle, Peck or Aldridge - hedge your bets
To inform us who has bought the £1Million (1,750,000 shares) earlier today and just reported.
£1M Buy today - 1,750,000 shares purchased.
I order every one reading this and who has shares in the Wrks to have a nice stiff drink, irrespective of what time of the day it is ... :)
Me thinking the same too. The works store round our ways was buzy. Should be fine. I think £1 by the end of the year.
I think everyone selling at this price is crazy!
A pal of mine bought in at low 50’s and took his profit and sold out at 62p.
The Works is not only a recovery stock but also just at the beginning of its “On line” journey and patience is needed.
Easily £1+ in the next 12 months in my opinion.
I’ve said this so many times before and I will say it again to anybody who will listen - this is a big game we of course are the players.
The results this morning under the circumstances are very good.
Like for like sales when the shops were open is up 6% and more importantly online sales are up %120.
What’s not to like?
The MM algorithm has dropped the share price and is busy mopping them up in the 60’s that it will sell for a higher price when this inevitably recovers - you watch.
All very clever.
You can beat it by being patient.
Onwards and upwards.
Happy with the RNS. Positive news and outlook but not over inflated.
Think the market would have liked some numbers.
Good 6% rise in LFL sales across stores and as Roxbury stated the online growth is really good and now generating more money than before. They won't have a summer like last year so things look good for the LTH. Think a lot of the quick winners will exit today but it looks good going forward for the patient types.
Online presence growth explosion is great but I think the market would have liked some numbers.
But looks good going forward.
Only bought in last Friday as I felt The Works was due for a re rating following similar success as a shareholder at Superdry. The RNS this morning looks very encouraging and bodes well for the rest of 2021. Those of you who have held from earlier last year should be pleased!
Friday 14 May
TheWorks.co.uk PLC Trading Statement
Sigma1 Thank you squire.