The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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My 25k share buy today showed as a sell?
Been watching these for months now but still haven't bought in, but if they still go ahead with the Divi of 2.4p ish proposal in September then at 44p ish they look like a good return on your money with the chance SP also going up well.
Must make a decision soon.
So “Downing Strategic Micro-Cap Investment Trust” have purchased 3.12% of the shares in the Company for almost £1M.
That’s great news.
Hi All,
Interesting to see that the CEO was formally the commercial director at CARD Factory. I think that there are potential synergies between the two companies. Just my thoughts and all in my own opinion.
Good luck everyone.
Carlost
3 of my 4 £10 grand buys today are marked as sells and red.
Seen it all before but be aware that the buy/sell on Lse is not accurate.
Anyone selling Wrks atm IMO is CRAZY!
repeating my posts from advfn,..
house broker investec got 3.6p of div for next year!
even with ebitda conservatively forecast to fall to £13.8m April 2023 given normalisation of business rates and inflationary pressures, the stock is on 1.5x EV/EBITDA (old style EBITDA) and 7.3x PE. Or cash adjusted PE of 4.5x
at 57p
cash to weather and downturn-and HUGE upside if freight charges normalise as that was a drag of several million this year
15.5cash forecast for apr 2023 to allow for working capital to normalise
how so low?!
i wouldnt read too much into target price but it is 100p
Net book value exc intangibles is 50p odd for anyone who is interested
I think really though, beyond an exceptionally cheap valuation, the key thing is that evidently the better book and toy selection is driving incremental new customers - and perhaps the return to social gatherings like kids and adults birthday parties is helping too for gifting - which should offset the likely falling away of lockdown focused categories like crafting and jigsaws
consumer confidence today worst ever! stocks are correlated with changes in confidence though-and likely we see it getting better from here given the daily cost of living headlines that can't continue much longer one thinks. today's reading is far worse than mar/april 2020! which is good for stocks...
a retailer with a modest rollout plan and lowish margins like WRKS should be able to maintain a yield of 3% and PE of 10 - indicating a share price of 90-100 fair value. the cash balance and very short average remaining lease length of under 3 years does provide huge downside protection in my view. 1/3 of stores can be exited every year if things go badly wrong
but i see no reason for that Armageddon to come to pass especially when the freight will swing back in their favour (rates dramatically lower than the peak autumn shipping season last year) and new customers have been won from new range
I love to be wrong
I am! Ha ha
Just a tad, but not expecting fireworks.
I don't know what the net tangible asset position is on the balance sheet but with around half the current company value at today's share price covered by cash plus an almost 5% dividend announced, this is surely a tad undervalued?!
Hi Rox,
63p for me :)
Good luck ??
Carlost
excited about getting the results tomorrow (Friday) and keen to make a prediction for the share price at close of play?
No?
Just little old me then. Ha ha
60p
I’m working on the theory the MM’s have been building a war chest for the RNS on Friday, they rerate the SP to 75p+, PI jump in so MM’s make their bucks and the Jupiters etc are happy their holdings are now the same value in £’s as before the sell off,
We can all dream haha
Very true haha
Won’t show yet but that 20,108 @ 0.494439 is mine (aswell as the 9757 @ 0.508889 earlier) thank you very much.
This game is all about taking educated risks and IMO this will be double this in 12 months.
The good news is that for every seller there are clearly buyers.
The bad news is that it is me and you! Ha ha
Another large seller, that’s over 10% of the company since the new year.
Well spotted Smorty yes 20th is Friday.
Likewise my ‘paper loss’ is similiar to yours because I also have been loading up the last 2 weeks. Those two 10 grand purchases today @51p are mine. I have a good feeling about this Friday but if our gamble doesn’t pay off then this is a good long term hold so all good.
Wish there was a simes 20 on here to advise, I’ve lost nearly 5k on my top ups since last Monday haha, I’ll never understand this game.
Oh and it’s Friday the RNS Rox, wouldn’t want you getting up early on Thursday all excited.
Hi Carlost
Trading Update RNS this Thursday (20th) and judging by how busy the shops were over Xmas I’m hoping that the results are going to be good. If they announce that they are going to reinstate the dividend for FY22 then this should fly.
Hi Rox,
Topped up here today so everything crossed.
I will be out shop stalking this weekend:)
Good luck everyone.
https://www.theworksplc.co.uk/investors/financial-calendar
20th trading update.
Difference between Card and Wrks is that Wrks balance sheet is basically squeaky clean and comps have been great last few Qs/Hs compared to Card. Also impt to note for Wrks is that mgmt used to overexpand stores, think 50 stores per annum but they mentioned in their latest annual report that they're not going to do that anymore...
Capital discipline, clean b/s and value retailers generally being more frequented in inflationary periods- this should not trade here.
But agreed, both wrks and card are good value.
18847 @ 0.527512 very happy with that.
Just like Shoe, Card and Wrks will be £1+ this time next year and we will all look back at regret not buying more at this ridiculous price.
Again all IMO only so DYOR!
Thought it could have been you. I have another £10k buy pending this morning, been 20 minutes?