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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| International Workplace Group Plc | IWG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 1.00 | 0.61% | 164.70 | 11:34:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 166.80 | 162.70 | 166.80 | 163.70 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
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Posted at 28/5/2020 21:02 by grafter IWG plc shares (LON:IWG) soared on Thursday following the successful raising of £320m to fund expansions and increase efficiency.Although the offer was largely met by institutions, IWG followed in the footsteps of Compass Group and made the offer open to retail investors through PrimaryBid. COVID-19 now throws up new challenge and opportunities for the company who are operating in a market that has seen capacity grow sharply in recent years but now has to contend with working from home. If the working from home trend takes hold after the COVID-19 social distance restrictions lift, IWG now has a war chest to target new opportunities in flexible working. UKI - |
Posted at 27/5/2020 17:36 by htower1980 Any of you currently invested? I'm considering the Primary Bid offer to retail investors for their Rights issue. Never done either |
Posted at 05/11/2019 10:52 by scoble2 interactive investor Aggressive Winter Portfolio 2019-2020Company Ticker Activity Track record (years) Positive returns (years) Average returns (%) JD Sports Fashion (LSE:JD JD. High street fashion chain 10 9 31.6 Ashtead (LSE:AHT) AHT Equipment rental 10 9 30.1 IWG (LSE:IWG) IWG Workspace provider 10 9 25.6 Bodycote (LSE:BOY) BOY Heat treatment engineer 10 9 25.2 Synthomer (LSE:SYNT) SYNT Chemicals 10 9 23.1 |
Posted at 17/9/2019 07:33 by poikka I read that the WeWork flotation has been delayed with waning public interest. Maybe investors might consider IWG instead. Maybe I should BuyBack those that I flogged - maybe not. |
Posted at 27/8/2019 17:52 by poikka From Forbes:"WeWork – now rebranded as The We Company (WE) – filed its initial S-1 on August 14, and the company reportedly plans to go public in September. There isn't official pricing information, but the company’s most recent funding round – a $2 billion investment from SoftBank in January – valued the co-working company at $47 billion. At this valuation, WeWork would be the 2nd largest IPO of 2019, trailing only Uber (UBER). WeWork might not be the largest IPO of 2019, but it is easily the most ridiculous, and the most dangerous. At least, Uber and other recent big-money IPO’s offered some legitimate innovation in their business models even if their valuations were far too high. WeWork has copied an old business model, i.e. office leasing, slapped some tech lingo on it, and suckered venture capital investors into valuing the firm at more than 10x its nearest competitor. The company also burns tons of cash, carries huge risk factors in a recession, and sports some of the worst corporate governance practices I’ve ever seen. WeWork (WE) is in the Danger Zone. WeWork was founded in 2010 in the SoHo district of New York City to provide co-working space, primarily for freelancers and small startups. In the nine years since its founding, the company has grown rapidly and consists of 528 locations in 111 cities and 29 countries. While WeWork is growing rapidly, the service it offers is not new. The Belgian (?!) company IWG, which operates under the brand name Regus and a variety of other, smaller brands, utilizes the same business model of leasing office space, refurbishing it, and sub-leasing it under shorter terms to tenants. IWG has more square feet of office space than WeWork, earns more revenue, and actually earns a profit. However, IWG has a market cap of just $3.7 billion, less than 10% of WeWork’s most recent valuation. The primary difference between the two is that WeWork describes its business model in the faux-tech lingo of “space-as-a-se Not a great fan, then. |
Posted at 05/8/2019 14:46 by scoble2 IWGAs its trendy US rival WeWork heads for a mega flotation next month, investors hope office leasing giant IWG – owner of the Regus and Spaces brands – will cover its new franchising model when reporting its half-year results on Tuesday. The firm, founded and run by Mark Dixon, revealed a deal that saw a Japanese rival buy its offices and the rights to its brands in April. The City wants, and expects, more deals to follow. Ahead of this week’s interim results, Numis analysts upgraded the firm to ‘buy’, reasoning that these tie-ups could boost IWG’s value by 40 per cent by the end of 2022. No pressure, then, Mr Dixon. It will go up tomorrow by 25p |
Posted at 30/4/2019 07:58 by poikka On the same basis, IWG should be priced a lot higher than it is, but then WeWork's "value" is probably out of touch with reality. DotCom or what."Shared office provider WeWork has filed paperwork to enable it to list its shares on the US stock market as it seeks further funds for expansion. The firm offers shared office space and services, allowing clients to shrink or grow their number of desks for the period they need them for. Founded in the US in 2010, WeWork is already London and New York's largest private office occupier. But it has yet to make a profit, with losses last year doubling to $1.9bn. "After a lot of thought, last week we decided to file the first amendment to our submission, which is a step towards allowing us to decide to become a public company," chief executive Adam Neumann wrote in a letter to staff. The firm's business model is based on short-term revenue agreements and long-term loan liabilities. Ratings agencies have given it a "junk" or risky credit score because it has borrowed heavily to fund its expansion. Despite this, the firm - which operates in 600 cities globally - was valued at some $47bn by private investors when it raised fresh funding in January." |
Posted at 15/4/2019 09:07 by poikka And,"IWG plans other franchise arrangements, which will make it easier for investors to understand the business, he said. "We are working on several other deals at the moment," he says. What will IWG do with the £320m from today's deal? "We're going to think about what we do with the money... There will be quite a lot of cash generated [as we do other deals]." |
Posted at 15/4/2019 08:58 by poikka This extra from Sharecast.Sharecast News) - IWG continued its shift towards an asset-light model on Monday with a £320m deal to sell 100% of its Japanese serviced office space to Tokyo-listed TKP Corporation, with which it has agreed a franchise agreement. Once the deal is complete, which is expected next month, TKP will pay the full sum in cash and under the franchise agreement will operate the Japanese centres with full rights to use IWG's Regus, Spaces and OpenOffice brands. In what is IWG's first master franchise deal, TKP has also committed to a development plan which will add "significant" more space to the centre network in the country, while the FTSE 250 group will provide its operating platform in return for a fee. The divested Japanese business contributed £94.4m revenue to IWG last year and generated EBITDA of £20.6m, with its total gross asset value just over £98m as of 31 December. Around a third of IWG's space growth last year came from similar capital-light routes of licensing the brands to landlords and management aim for the group's business model to eventually shift so that two-thirds of its space is available via franchises. IWG shares shot up 20% to an eight-month high of 330p in early trade on Monday morning. "IWG has sold its first franchise," said analysts at Peel Hunt, with the price of 3.4 times revenue "far higher than our best case" which had been for 1.5 times on average across the group. "Given that our best case valuation was 701p for the whole group, the question is how far should investors extrapolate," the analysts added, moving their target price to 400p from 351p. |
Posted at 11/6/2017 22:10 by fred177 The following paragraph is from Apollo Partners Website, this buyout could suit Mark Dixon i would imagine he hates being constrained by a low debt to earnings ratio as a public quoted company and given the stupendous valuation on the upstart We Work $20 billion valuation with Goldman Sachs among major shareholders he must be kicking his heels. So to take IWG private what does he need to offer to take out 73% of shareholders? Based on We works valuation? £10 billion would be ok and very cheap by comparison that's £10.93 per shareCorporate Partner Buyouts: Corporate partner buyouts offer another way to capitalize upon investment opportunities during environments in which purchase prices for control of companies are at high multiplies of earnings, making them less attractive for traditional buyout investors. Corporate partner buyouts focus on companies in need of a financial partner in order to consummate acquisitions, expand product lines, buy back stock or pay down debt. In these investments, we do not seek control but instead make significant investments that typically allow us to obtain control rights similar to those that we would require in a traditional buyout, such as control over the direction of the business and our ultimate exit. Although corporate partner buyouts historically have not represented a large portion of our overall investment activity, we do engage in them selectively when we believe circumstances make them an attractive strategy. Some of our corporate partner buyouts include Sirius Satellite Radio in 1998, Educate in 2000, AMC Entertainment in 2001, Oceania Cruises (now Prestige Cruise Holdings) in 2007 and McGraw-Hill Education in 2013. |
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