International Workplace Share Discussion Threads

[glenkaz] 19/10/2017 17:24

Are you stalking me mr trader lol! Good finish 🤡✌A039;

[healthtech] 19/10/2017 14:53

walbrock that's true about capex, but according to many analyst reports, the Workspace-as-a-Service market is growing (hxxp://www.marketsandmarkets.com/PressReleases/workspace-as-a-service.asp), so IWG is well positioned to leverage this growth.

[shawzie] 19/10/2017 14:41

Net worth matched by intangible. Where is the value in this company?

[walbrock82] 19/10/2017 13:47

IWG didn’t collapse by 30% because of slightly lower market expectation on operating profits of £165m. It fell because despite lower overall sales demand, management decided to forge ahead with their big spending. This leads to higher operating expenses and fears of even lower operating profit.
For more about IWG capital employed trends, valuation and comparison with homebuilders, click

[citytrader66] 19/10/2017 11:27

glenkaz you are everywhere. i'm beginning to think you're stalking me 😁
bought in here today at c.210p

[glenkaz] 19/10/2017 11:19

It's been stuck for 2 hours nudge her up!! 🔥🚀

[rathean] 19/10/2017 10:51

Taken a punt at 211, risk of more downside on the back of market sentiment but upside on a bounce or short term looks likely... roll the dice

[glenkaz] 19/10/2017 10:34

Up it goes 🔥🚀

[fred177] 19/10/2017 09:10

Expecting around £160 nett so gross close to £200 m

[jm2009jm] 19/10/2017 08:14

what were the profit forecasts for: 2017group profit... before todays RNS...??
thanks

[scorpio13] 19/10/2017 07:37

worth a punt now

[fred177] 17/9/2017 20:07

forward eps estimates of 21p per share for 2018 worth a punt

[fred177] 17/9/2017 19:55

growing the business by 20% per year affects margins until new additions mature and upfront costs are covered

[adamb1978] 17/9/2017 18:49

Sorry, one related question: the market forecasts look attractive to me and something on which I would have invested. However looking at the numbers:
- H1 turnover growth was actually down on a constant FX basis
- gross margin is falling

The opex cuts are good though and have partly compensated for the above, but the combination of these makes it challenging to project forwards. Taking some rough figures though:
- if you assume 5% annual t/o growth in H2
- gross margins recover in H2 to 19%
- flat opex

...then I get to 15.6p EPS vs market forecasts of 17.5p.

Any views appreciated!!
Thanks
Adam

[adamb1978] 17/9/2017 18:05

Hello

Just having a detailed look at IWG's figures for the first time. Quick question: can anyone explain to me what caused their gross margin to decline over time? The figures I have are:

2013: 24.4%
2014: 22.9%
2015: 22.2%
2016: 20.1%
H1 17: 18.1%

Any views on where it will end?
Thanks
Adam

[fred177] 25/8/2017 08:25

are people waking up to We Work valuation, Is the $4.4 billion investment by Softbank driving the share move today?

[fred177] 09/8/2017 22:42

berenberg reiterates buy target at 4.35
numis saying still a hold but target gone form 3.00 to 3.35

[fred177] 09/8/2017 11:22

peel hunt have gone from buy to add lowered price target to 3.99 from 4.30

[its the oxman] 09/8/2017 07:37

Yes seems to have punished very hard by a market not wanting to value investment in the future and not liking figures being missed. Any revised broker comment or targets anyone?

[inki] 08/8/2017 10:12

Costs down and Growth is the correct formula for a future.
Current profits are only a guide, as we invest on the basis of future profits.
Speculation is short term, so the overall result is not too disappointing. There is still overhang in the market from the founder liquidating part of his holding.

[fred177] 08/8/2017 08:02

Results were not good hoping 2nd half is better if so called momentum is really there

[its the oxman] 08/8/2017 07:10

Oh dear market not liking the results.

[fred177] 20/7/2017 10:11

as long as they are trading in line with management expectations expect profit for 6 months to be circa 80 mill nett 170 mill for the year excluding any exceptionals

[its the oxman] 20/7/2017 09:32

Be interesting to see if this recovers up to and over results. Feels like plenty of ground to make up on the market after the placing.