Member Info for Culpepper

I am in no position to argue what you claim to have seen.
You have not evidenced it.
You claim decreasing margins.
You have not evidenced it.
You are at odds with what Sig has so far reported.

You say,
“Actualy SIG is lowering prices to gain revenue, but at cost of merges “.
Where is the evidence of that?
I appreciate reporting has not been of statutory profit/loss, but it is not what Sig has been saying on margins ( probably disingenuously in your opinion ) Have you seen price lists or something reflecting price decreases - I doubt it in these inflationary times.
Just out of interest, you understand.

At the half year

· £13.6m underlying operating profit in H1 (H1 2020: £42.9m loss). Underlying profit before tax ("PBT") of £3.0m (H1 2020: £53.8m loss)

Continued profit improvement expected in H2 2021 and full year underlying operating profit anticipated to be ahead of prior expectations.

January trading update

The Group's Return to Growth strategy is delivering significant progress, including improved organic sales performance. The performance, driven by our strategic initiatives, has also been supported by robust demand across all key end markets, partially offset by well documented industry wide supply constraints. Inflationary increases in input costs have been well managed, with the direct pass through of these reflected in the reported sales figures.
 
As a result of the above, and subject to audit, the Board expects to report FY21 revenues from underlying operations of £2,292m and an underlying operating profit no less than £40m, the latter as announced in mid-December.

Profitability increasingly positive, with the trading performance driving several upgrades during the year.

Give it a lift for five minutes. Know what I mean?

The rise you presume is the one I am hoping for. I hope they report that recovery is on track, presenting good news as you infer they may do.
I don’t hold with lying though.

There may be a bit of profit to be had here again now if results/outlook next week are up to scratch. It’s a gamble one way and another, but I’m thinking share price may have bottomed.

This was the last.
https://www.lse.co.uk/rns/WIX/wickes-group-plc-q4-trading-update-oqibbzyf8y5owq9.html

I expect continuing moderation/normalisation in core, whilst pressing ahead in DIFM order fulfilment.

and outlook provisionally scheduled for 17th. March.

3 tidy trades there, apparently buys but doesn’t matter, 1612,1613.

Been waiting for months with no change in price direction - but getting to the stage ( and price ) where at least a levelling out might reasonably be expected to be on the cards. For me, Me12345 puts things succinctly in the post on Saturday.

Deutsche reiterate buy 320p - again.

There is a backlog of work going through this first half anyway. I read final results will be out next month - we’ll see what they have to say for themselves.

WIX has been the topic of a number of research reports

Citi Group ( Wickes joint broker ) initiated coverage with a “buy” rating and set a 282p price target in a report on 7th. October 2021.
Peel Hunt reiterated a “buy” rating and set a 360p price target in a report the same day.
Deutsche Bank (Wickes joint broker ) initiated at 313p and upped their price target to 320p and gave the stock a “buy” rating in a report on 3rd. December. Reiterated 25th. January.
Liberum Capital upped their price target from 420p to 450p and gave the stock a “buy” rating in a report on 6th. December. Reiterated 24th. January.
Finally, Berenberg Bank upped their price target from 280p to 290p and gave the stock a “buy” rating on 7th. December.
Five investment analysts have rated the stock with a buy rating, Wickes Group presently has a consensus rating of “Buy” and with Liberum as an outlier an average target price of 340p.

Just sticking it up again, whilst bearing in mind the changing economic circumstances, spending patterns and this sort of thing.

https://financialpost.com/investing/analysts-target-prices-rarely-accurate-global-study-finds

If true, statistically at least the lowest may be in with a shout?

Some PR/sales pitch
https://www.insightdiy.co.uk/news/wickes-the-evolution-of-the-kitchen-triangle/10855.htm

I recall also when Mxcp were running Castleton Tech, they bought up I think £5m of loan notes outstanding with a bank, and improved circumstances t for Castleton - along those lines anyway. They could do some of that and settle on company sale.
There’s room for things in addition to just conversion, is what I’m saying.

They originally spoke of removing the debt overhang, now it is exploring resolutions on the loan notes.
I tend to think there will be some conversion, Kestrel having done so, IDE still carrying some debt the terms of which may be adjusted, but, you know, none of us know what may be decided upon.

Mxc do hold most, are largest shareholders ( haven’t checked to see where Kestrel are now ) and Mxc partner Smith with 15% of Mxc runs IDE - his partner Weaver holds similar Mxc. I was indicating again that the debt holders are the largest shareholders. I don’t know what pretence you refer to.

Is it not fair to say the loan notes are held by significant shareholders, through companies they control in the case of Dobbie and Griffiths.

“Wickes has been making a return of 25pc or more from the money spent on refurbishments and at the current rate of about 20 refurbishments a year it should have upgraded its entire estate in four years or so.”

https://www.bridgwatermercury.co.uk/news/19884485.wickes-unveils-new-look-bridgwater-store/

Mxc and their mates ( I think Parker is a figurehead ) are dragging their feet on announcing the result of limited options - the obvious thought is of some conversion. Perhaps at 2.5. Kestrel did back in May, now running at a loss, one would think as a result of conversations such as those we were told in September they are having again ( unless they have broken ranks )
There may be something else in the mix - Mxc can be an unpredictable bunch. And to the future, if they consider IDE is not trading near value, they can use that down the line to save listing fees etc as they did with themselves.

Perhaps you’re trying too hard.