Walker Greenbank Share Discussion Threads

[essentialinvestor] 01/7/2020 13:14

Salver, who posts here, knows CFX very well having held 2% of the Company at one time.

[netcurtains] 01/7/2020 13:11

EssentialInvestor: Well I guess these people buying 100,000 lots at 42p are probably expecting, down the line to get the 85p large return on their money....So the comparison is there to be made (as the thread starter pointed out)..
Do a comparison of NAV per share, assets, liabilities, the lot - anyway you look at it , WGB looks a bargain compared to CFX - as long as CFX is not over-valued all should be good.

[essentialinvestor] 01/7/2020 13:02

Same sector, in ways very different companies. CFX dont manufacture for starters.

[netcurtains] 01/7/2020 13:00

If WGB was treated the same as CFX (Colefax) then the share price for WGB would be about 85p.....

[netcurtains] 01/7/2020 12:16

Nice to see a "director buy" this morning of about 50,000 shares.

[netcurtains] 01/7/2020 10:01

Nice large buys going through - and why not.........William Morris has to be worth more than NAV - I cant see a single QUALITY company that is trading around NAV - its nearly all energy, construction , retailers or penny stocks. WGB stands out as the only "quality stock" not in some dodgy sector.

I'm using this query:

select a.nav_per_share/b.ask mmmm , a.nav_per_share, b.ask, a.ticker, a.stock_name, a.new_sector, a.new_sub_Sector, a.profit, a.current_cash, a.nav_per_share, a.total_liabilities, a.total_current_assets, b.market_capitalisation, (a.total_current_assets-a.total_liabilities) / (b.market_capitalisation*1000) netnetfrom tickersymbol a, daily_changes bwhere a.ticker=b.tickerand market_Capitalisation > 0and total_liabilities > 0and b.ask > 0and total_current_assets > 0and a.nav_per_share > b.askand b.close_market_dt = '2020-06-29'and a.currency != 'EUR'and new_sub_sector not like 'Travel%'and new_sub_sector not like 'Energy%'and a.profit > 0and a.total_current_assets > a.total_liabilitiesorder by (a.total_current_assets-a.total_liabilities) / (b.market_capitalisation*1000) desc

[davebowler] 01/7/2020 08:53

Pull yourself together netcurtains !

[netcurtains] 01/7/2020 08:52

salver2: you might be right: my figures (from London stock exchange site) specifically say "excluding intangibles" but it is up to date

[salver2] 01/7/2020 08:44

I think net sssets are around 65 p a share

[netcurtains] 01/7/2020 08:03

What makes WGB special - (William Morris but also)

WGB NAV per share 42p - share price about 40p

COA (coats) NAV per share 2.08 share price about 57p
CRPR (Cropper) NAV per share 218p share price about 1150p
BRBY (Burbery) NAV per share 259p share price about 1591p

WGB stands out as having NAV per share as a percentage MILES lower
than average for a quality stock (William Morris)

[netcurtains] 30/6/2020 18:31

My point is we've got over those results with a profit and things going OK. We've got a share price (even now) that is below NAV (NAV per share is 42p) and that NAV is probably too low as William Morris is probably worth a lot more than that (eg if company said to Japanese etc 'we're up for sale give us 80p a share' they probably could get that relatively easily). The next results are in six months time (with bad figures in) but by that time Covid (touchwood) will be more or less in the past and we can be looking forward not back - of course if second wave covid in autumn is maga then things will change but the autumn is still a long way away.....Its not often you can get quality below NAV...

[essentialinvestor] 30/6/2020 17:47

net, yes, however tbf FY results are to 31/01/2020.

WGB referenced the revenue fall for the first 5 months of this year.

There is inherent value in the brands for sure, that value is underscored by regular
liciencing revenue.

[netcurtains] 30/6/2020 17:36

What I liked about the results was that the world is so full of doom and gloom and Armageddon that everyone assumed the worst and when the results arrived they were actually OK... It was a monumental relief and of course the shares are responding (as so they should) as "WE'RE BACK" ....... This is now a true recovery play.

[essentialinvestor] 30/6/2020 16:21

Brave trade, congrats.

Looked this morning and passed.

[our haven] 30/6/2020 16:18

Sounds like a plan goliard. I will fix a price I am happy to start exiting at. I am in profit as we speak but think it is still undervalued, so all things being equal I will hold and wait for fairer value.

[goliard] 30/6/2020 16:09

I think the drop in trading was not nearly as bad as it could have been. If they had been 60% down I would have understood, but it is half of that. In reality it is all about next years numbers rather than this years as we know they will be horrible this year. It feels like a sensible and fairly easy recovery play to me and I just need to keep holding and not sell to early like I did with Joules.

[salver2] 30/6/2020 15:38

Here’s a thought - if the majority of the employees are furloughed and they have 650 of them and the firm has stated that they all will take a 20 percent reduction- the firms revenues for last year for the sake of argument about 2 million a week and their wage bill must be about a million-allowing for the 35 percent reduction in sales which would make sales 1.25 but wages would have gone down so much that they could be making out like bandits profits wise! - anyone else got any thoughts.

[trt] 30/6/2020 14:52

Good recovery play this one.

[trt] 30/6/2020 14:22

Solid results share price will continue to rise.

[netcurtains] 30/6/2020 12:27

My theory is many small investors like shares in companies that sell, design and make nice things. Thus everything else being equal a firm that has William Morris is probably in a good spot - provided the numbers look good. To my mind NAV PER SHARE of 42p and company generally makes a reasonable profit means we should at least get into the 50-60p range and when profits recover to at least last years, we should get into the 80p-100p range (but that will be a bit longer).

[goliard] 30/6/2020 08:31

Used to hold these years ago and sold for a decent profit. Bought 30k this morning for a recovery play and have an order in for another 30k.

[our haven] 30/6/2020 08:19

Salver2. I also believe that the company is undervalued which is why I recently invested. Happy to hold for some time to see the value recognised.

[debsdowner] 30/6/2020 08:06

The last year up to January OK but its where its going that matters and this is the most important statement:

Current trading and outlook

Covid-19 has significantly impacted the start of the Company's current financial year. Whilst our factories were temporarily closed, our warehouses in Milton Keynes and New Jersey have remained open and we have continued to fulfil customer orders throughout the year to date. With the phased reopening of our factories, and lockdowns being progressively released in our target markets, there are signs of further improvement in trade, albeit at a level below last year.

In the first five months of our financial year, product sales have been approximately 35% below the same time last year. Online and international product sales channels have performed better than our UK average. Product sales in the past four weeks have been approximately 31% below the same time last year but ahead of management expectations. This reflects a steadily improving trend since the start of April.

[salver2] 30/6/2020 07:56

I think so too but then I have to be optimistic as I have a lot of share average about 53 p

[netcurtains] 30/6/2020 07:49

Results look better than expected - quite good in fact, considering we've had FOUR MONTHS of covid.. I expect the market to view this well. (I do - thats one for starters)....