The Works • Ceo is Dean Hoyle (founder of card factory) • Mcap 15mill, 52wk high 92p, low 17p, shar5 Jul 2020 22:05
The Works
• Ceo is Dean Hoyle (founder of card factory)
• Mcap 15mill, 52wk high 92p, low 17p, share price 24p
• Schroders 18%, cancord 9.4%, Dean Hoyle 16.7% (paying above 35p)
• Card factory mcap 171mill
• Other competitors Hobbycraft, WH Smith
• Dean Hoyle due to receive 35million from Huddersfield club, maybe he buys more works shares
• Under the agreement, £15m must be paid within five working days of the end of this summer's transfer window, with an additional £10m due on 31 August in both 2021 and 2022.
• Debt 7.9mill - maybe Dean clears this using some of the Huddersfield cash coming back to him
• Online sales up 300%, rents revised, 534 stores, recession proof business model.
I do hold a position and I would classify this share as moderate risk.