International Workplace Share Discussion Threads

[poikka] 23/6/2018 17:43

Perfect, tks Richard.

[poikka] 10/6/2018 17:19

Given up on ii's new site, so popped in here. No new news, anyway.

[fred177] 08/6/2018 13:25

i think it is likely a deal will get done, if two parties are extending negotiations to 29th June and still negotiating with prime opportunities in the background until 26th June then i think they must be seeing common ground. In retrospect Mark Dixons reaction to the brookfield onex offer was a clear message that the business could be bought at the right price. I also think personalities will be important as they will need to work together for some time all in all id be surprised if this doesn't lead to a sale

[fred177] 08/6/2018 11:10

Dealine extended to 29th june no surprise

[gre] 06/6/2018 12:10

Friday is D Day. Fingers crossed one of those left makes a decent offer.

[fred177] 05/6/2018 09:03

Yes still 3 in

[bulltradept] 05/6/2018 08:47

One has dropped out...

[fred177] 04/6/2018 16:36

Now back to 3 bidders still enough to keep it interesting woukd hope price is gettibg rich for one or more parties only want one buyer

[scoble2] 04/6/2018 10:30

3.50 coming

[inki] 29/5/2018 07:26

Surely with four bidders, one is going to succeed. At what price though ?

[fred177] 21/5/2018 19:39

A lot depends on how close to the so called tipping point they are where serviced space and co working space becomes mainstream for corporate occupiers or any other company with the need for multiple located office staff

if they could move occupancy rates from 73% to 80% they could potentially double profits at current market cap they are gross circa 5.5% but if how and when are the problem. The market is penalising any business that goes back wards which they have done this year and it takes a long time to get confidence back.

VC funds know long term this is a winner, to compete more effectively they may need to take on substantial debt and grow more quickly. We work are losing a billion dollars per year and have a valuation of $20 billion.

[inki] 21/5/2018 08:03

With three potential buyers - perhaps IWG should not be a seller.
There may be more competition in the market, but in the long term competition can be positive.

[scoble2] 14/5/2018 12:36

I meant £3.40p

[3dwd] 14/5/2018 12:21

Meant 340 in my opinion!!

[3dwd] 14/5/2018 12:20

340... 8n mu opinion

[scoble2] 14/5/2018 12:18

The offer would be £3.20 - £3.30.

[florenceorbis] 14/5/2018 08:49

Regus offices owner IWG soars as it mulls THREE takeover offers
09:15 14 May 2018
Analysts reckon the bids are likely to be north of 300p given that Canadian property firm Brookfield failed with a 280p bid last year
serviced office
IWG is facing stiff competition from the likes of WeWork and The Office Group

Regus offices owner IWG PLC (LON:IWG) was the top riser on the FTSE 250 after revealing not one, not two, but three takeover offers after the bell on Friday.

The company said it is mulling over the cash bids, from private equity firms Lone Star, Starwood and TDR, respectively. No details of the offers were released.

Reports over the weekend suggested IWG’s board was open to selling to the company and is looking to begin talks with the bidders.

The prospect of a bidding war sent IWG shares soaring by another 20% on Monday morning to 301.3p.
A happy exit for founder?

RBC Capital reckons there is a “good chance” that a deal will be reached with one of the parties and is expecting the offers to be above 300p given that Canadian property firm Brookfield failed with a 280p bid last year.

“We believe the business would be better off in private hands as it can grow the estate without worrying about short-term EPS,” read a note to clients.

“It also provides Mark Dixon – now aged 58 – [with] a way to cash in and exit the business if he so wishes.”

[fred177] 11/5/2018 16:43

Good news is it’s more than just one party this time

[richard xii] 11/5/2018 16:24

More bid interest reported this afternoon. So there was a lot of likely insider trading today.

[waldron] 06/3/2018 08:18

MARK GAVE A DECENT INTERVIEW ON BLOOMBERG THIS MORNING

WILL TRY TO POST WHEN AVAILABLE

[waldron] 06/3/2018 08:15

IWG FY profit drops but outlook upbeat
regus, office


IWG
240.00
08:00:07 06/03/18
-0.08%
-0.20

FTSE 250 office space provider IWG posted a 14% drop in full-year pre-tax profit on Tuesday following a weak third-quarter for its mature business in the UK, with London a weak spot, although it struck an upbeat note on the outlook.

In the year to the end of December 2017, pre-tax profit fell to £149.4m from £173.7m the year before, with earnings per share down to 12.4p from 14.9p.


Still, revenue was up 5.3% to £2.35bn, or 1.9% at constant currency, and the company lifted its dividend per share by 12% to 5.70p.

Chief executive Mark Dixon said: "2017 was an important year for the flexible workspace industry globally and we remain confident that IWG will continue to drive, and benefit from, the accelerating customer demand and growth of flexible working. With the competitive advantage from our operational scale, global network and quality of service and technology, we are optimally positioned to benefit from these long-term structural growth drivers.

"While 2017 was not without its challenges, the improved revenue performance in Q4 on the back of a strong uplift in sales activity provides a strong platform for growth in 2018. Sales activity trends remain good and we anticipate improved revenue growth during the year. These trends, together with the very positive outlook for our industry, are reflected in our decision to increase the dividend by 12%, and maintain our progressive dividend policy."

In the UK, revenue from all the open centres increased 1.6% to £425.8m, with total revenue, including closed centres, down by 4.8% to £440.0m. Revenue from the mature business in the UK fell 2.9% to £398.2m following a weak third quarter.

IWG said its business in London and the rest of the UK differed. Revenue outside London increased and saw sequential quarterly year-on-year improvement, but mature revenue in the capital dropped "significantly" and was particularly weak throughout the second half. Even within the London market there were varied performances, with softer demand experienced in the City.

Although enquiry levels remained weak compared to the rest of the UK, there was a distinct improvement in average deal size in the fourth quarter. IWG said the absence of larger deals in London had been a particular issue, especially in the third quarter.

Looking ahead, the company said: "Our confidence is well-placed. All the evidence suggests that we are fast approaching a tipping point which will see the flexible workspace option, in which we are the leading global supplier, become the norm for progressive businesses worldwide as they seek flexibility, employee satisfaction and cost efficiency."

[waldron] 06/3/2018 07:42

Dividends

Consistent with IWG's progressive dividend policy and subject to shareholder approval, we will increase the final dividend for 2017 by 11% to 3.95p (2016: 3.55p). This will be paid on Friday, 25 May 2018, to shareholders on the register at the close of business on Friday, 27 April 2018. This represents an increase in the full-year dividend of 12%, taking it from 5.10p for 2016 to 5.70p for 2017.