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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Workspace Group Plc | LSE:WKP | London | Ordinary Share | GB00B67G5X01 | ORD GBP1 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -7.00 | -1.42% | 485.00 | 36,720 | 10:29:38 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 485.00 | 486.50 | 485.50 | 479.50 | 484.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 174.2M | -37.8M | -0.1970 | -24.47 | 924.95M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:31:09 | O | 203 | 486.02 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/3/2024 | 11:02 | UK RNS | Workspace Group PLC Holding(s) in Company |
| 07/3/2024 | 10:56 | UK RNS | Workspace Group PLC Holding(s) in Company |
| 01/3/2024 | 15:51 | UK RNS | Workspace Group PLC Director/PDMR Shareholding |
| 31/1/2024 | 10:25 | UK RNS | Workspace Group PLC Director Declaration |
| 30/1/2024 | 14:57 | UK RNS | Workspace Group PLC Holding(s) in Company |
| 26/1/2024 | 11:32 | UK RNS | Workspace Group PLC Change of Auditor |
| 25/1/2024 | 10:46 | ALNC |  Workspace reports quarterly rental growth as CEO to depart in 2024 |
| 25/1/2024 | 07:00 | UK RNS | Workspace Group PLC Workspace CEO Update |
| 25/1/2024 | 07:00 | UK RNS | Workspace Group PLC WORKSPACE GROUP PLC THIRD QUARTER BUSINESS UPDATE |
| 22/1/2024 | 14:48 | UKREG | Workspace Group PLC Holding(s) in Company |
Workspace (WKP) Share Charts1 Year Workspace Chart |
|
1 Month Workspace Chart |
Intraday Workspace Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/12/2023 | 09:49 | WKP charts and news | 8,445 |
| 16/7/2018 | 06:09 | Workspace (WKP) One to Watch on Monday | 1 |
| 16/9/2009 | 16:37 | Workspace going bankrupt?? | 15 |
| 26/8/2009 | 17:54 | Trend & Market | 1 |
| 02/2/2009 | 20:13 | SIPPS/INFLATION/DEPRECIATION | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:31:10 | 486.02 | 203 | 986.62 | O |
| 09:29:38 | 485.00 | 455 | 2,206.75 | AT |
| 09:29:38 | 485.00 | 516 | 2,502.60 | AT |
| 09:29:38 | 485.00 | 107 | 518.95 | AT |
| 09:29:38 | 485.00 | 165 | 800.25 | AT |
| Top Posts |
|---|
Posted at 16/4/2024 09:20 by Workspace Daily Update Workspace Group Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker WKP. The last closing price for Workspace was 492p.Workspace currently has 191,897,854 shares in issue. The market capitalisation of Workspace is £924,947,656. Workspace has a price to earnings ratio (PE ratio) of -24.47. This morning WKP shares opened at 484.50p |
Posted at 05/11/2023 18:22 by 18bt Presumably WKP is expected to benefit greatly from the problems at WeWork. Apparently quite a number of WeWork tenants esp in London being kicked out from 30/11, including some that need a decent amount of space. |
Posted at 12/8/2023 14:49 by blueclyde Current NAV 9.27 GBP a share. |
Posted at 15/5/2023 16:12 by its the oxman For what it's worth Henderson smaller cos added wkp to their portfolio a while ago so we are not alone in seeing upside from these distressed levels. |
Posted at 14/10/2022 13:24 by ydderf If you renew borrowings at current rates and change capitalisation rates in accordance with normalised interest rates property valuations drop sharply - this is what lies ahead for all property companies in the UK and explains the weak share prices. There is much further to go, but not in the next few weeks, 2023 will be bloody. Property funds closing to redeemers is the canary the coal mine - soon there will cease to be a market until prices painfully adjust to long gilts at 5% and heading up.Residential will also crater What does it say about the CFO's judgement that he bought at £5 a month back - not a lot, I would suggest |
Posted at 14/10/2022 10:11 by elsa7878 Goldmann Sachs yesterday predicted 20% falls in commercial property by the end of 2024 and financing costs rising by 75%.Lucky that WKP has the majority of its interest costs fixed. Sitting on a 40% discount so hard not too think it's cheap....just sentiment that's killing it. |
Posted at 13/10/2022 08:11 by hugepants Good update I'd say. They sorted the McKay debt in Q2.I agree sliceofpie, it must be pension funds selling this down here. It's on a 65% discount based on last NAV |
Posted at 07/10/2022 16:43 by giltedge1 WKP have some really 1st Class Offices modern or recently refurbished, Management has done a good job, Mayfair, Royal Parks etc, will be a beneficiary, of flexible office working. Good value here. As Central London centric locations will maintain liquidity, Sovereign Wealth funds etc. only buy in London. Tempted but still falling so will wait a few more weeks or so. |
Posted at 23/8/2022 15:21 by hugepants I missed the update in July. LTV is 32% due to the McKay acquisition but this will go below 30% as they sell off the non-core properties. Anyway discount back up now to a crazy looking 45%. |
Posted at 05/7/2022 22:52 by hugepants 4 July. Barclays cuts Workspace Group price target to 640 (800) pence - 'underweight'Epra NTA is 988p so this is already on an very large 45% discount. LTV is only 23% and massive headroom on covenants; All outstanding borrowings require compliance with LTV and Interest Cover covenants. As at the tightest test date in the scenarios modelled, the Group could withstand a reduction in net rental income of 51% and a fall in the asset valuation of 56% compared to 31 March 2022 (pro-forma including McKay) before these covenants are breached, assuming no mitigating actions are taken. |
Posted at 16/5/2022 13:35 by km18 Workspace Group plc last week completed the acquisition of McKay Securities plc. Following completion, Workspace's portfolio comprises gross property assets of £2.9bn with 5.5m sq. ft. of lettable space. Workspace has allotted 10,513,098 new ordinary shares of £1 each as part of the consideration for the transaction, nearly 5% equity dilution. Long term investments are up around 23% on end FY21 levels, pointing to a commensurate boost to revenues to come. Obviously the sector has been hard hit by COVID and multiple lockdowns, share price is still close to 50% below pre-Pandemic levels. The balance sheet is solid with plenty of cash, but valuation is average and the share price lacks momentum. A name to monitor for now.......from WealthOracleAM |
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