Walker Crips Share Discussion Threads

[ben value] 16/4/2024 07:52

Hi ArthurGood to hear from you. I have enjoyed looking through your Value thread. I have retired to Spain and am trying to find shares to provide me with income to live off.

[arthur_lame_stocks] 15/4/2024 08:57

Just bought another 10k shares. Now got 45k in total. I still reckon this could be a great opportunity one way or the other.

[arthur_lame_stocks] 12/4/2024 11:31

Hi Ben, long time no hear, I hope you're well.

I started a thread on ADVFN to discuss value shares mainly. I haven't seen you over there but if you'd like to take a look the ticker is VALUE. There's some smart investors using it and so far it hasn't been ruined by idiots. I'm not a bluey so I can only do so much but you're very welcome there.

[ben value] 12/4/2024 11:05

Arthur I am always keen on a one way bet so I have bought a few more. Some other purchases today.Regards

[baddeal] 11/4/2024 12:12

Did you say upwards... history suggests otherwise

[chrisdgb] 11/4/2024 10:50

Agreed, it would actually be nice if they communicated trading updates to help the market rather than long stretches of tumbleweed......

[arthur_lame_stocks] 11/4/2024 10:16

I still think WCW would be far better off as part of a larger Investment manager and there's been an awful lot of consolidation in the sector.

I bought a few more today and this is one of my largest investments. I take a lot of comfort from the fact that the market cap is underpinned entirely by cash and they pay a dividend.

At the moment it looks as close to a one way bet upwards as you're ever going to find.

[davydoo] 27/2/2024 14:50

I'm not sure why they're listed. It seems to be a company that is run for the benefit of the employees over the shareholders.

[chrisdgb] 27/2/2024 08:55

Would have been nice to have the rally here that Fiske shares have had........as usual this remains a real head scratcher......

[davydoo] 02/1/2024 18:57

Was doing some rough sums in my head.

They're making c.£5m p.a of interest on client cash. Without which the company would be making serious losses.

That must mean they (actually the clients) are sitting on over £100m of client cash.

Not necessarily extreme, perhaps c.5% of client assets.

But wheres the incentive to encourage clients to invest their excess cash? Even if they arent 'double dipping' are they more incentivised to earn interest on clients cash, rather than earn management fees from clients investing that cash?

[davydoo] 29/12/2023 13:59

Improve margin?

They made £2,668,000 from client cash, up from £879,000

Client's cash!

But the FCA consumer duty is doing what these firms wont, and so WCW have had to say in the results 'we plan for downward movement in this revenue stream'

This company appears to be run for the employees, not the shareholders.

[galles] 28/12/2023 20:27

Davy, thanks. I see what you've pointed out as opportunities to improve margin and unlock value

[davydoo] 28/12/2023 18:25

There's a lot to be concerned about in these numbers

Barker Poland itself, appears to be making more than the entire group.

Interest on client's cash, which somehow they get to keep, is way up, but profits aren't

12 financial planners for £1m of revenue? I know financial planning firms doing £1m of annual revenue from 1 or 2 planners

But, these are all numbers to September, and markets have done much better since then.

This is crying out to be acquired and a board and management layer removed.

[galles] 28/12/2023 15:07

A few thoughts came to my mind.EnOC - why is this not an overhead but being reporting as a revenue earning business, in turn showing a loss?Cash - what are they going to do with the growing cash? It's way more than its market capWhy not buy back shares? Increase dividends?Unlock value - on paper, it's undervalued, but how will it be unlocked?

[cplloyd21] 28/12/2023 14:20

This business is interesting given the multiples Asset Managers get sold for and cash on the balance sheet. I suspect the market is worried by who their clients actually belong to (ie the self employed associates or the business itself).

I’m to do a deeper dive into the company as it looks like a very cheap bolt on for one of the larger Wealth Managers.

Agree with some of the concerns, such as the interest they are creaming off clients accounts but the key to where the real value lies will be getting the financial planners in front of the clients and cementing the relationship.

[davydoo] 28/12/2023 13:41

There's a lot to be concerned about in these numbers

Barker Poland itself, appears to be making more than the entire group.

Interest on client's cash, which somehow they get to keep, is way up, but profits aren't

12 financial planners for £1m of revenue? I know financial planning firms doing £1m of annual revenue from 1 or 2 planners

But, these are all numbers to September, and markets have done much better since then.

This is crying out to be acquired and a board and management layer removed.

[chrisdgb] 28/12/2023 12:18

£14.1m net cash.............!!!

[baddeal] 21/12/2023 17:37

Yep only wcw would go for such great financial pr..

[gbenson1] 21/12/2023 09:22

Seasons greetings, my prediction is 1000 hrs GMT tomoz, same as last year..

[chrisdgb] 20/12/2023 16:01

Half day Friday, results before or after market shuts.....???!!

[gbenson1] 29/11/2023 13:36

Think we're finally on the radar, 6th biggest riser today, can't get a quote on ii.

[gbenson1] 29/11/2023 10:02

Hi Chris, I was hoping it may be something else - Christmas rally lol

[chrisdgb] 29/11/2023 09:53

Few nibbles ahead of results...........

[gbenson1] 28/11/2023 09:22

Nice spike up in the share price on very little volume so early in the day, bodes well..