International Workplace Share Discussion Threads

[poikka] 27/8/2019 09:15

Looks as if hotels are getting in on the act.

hxxp://www.hotelnewsnow.com/Articles/258327/Hotel-workspaces-evolve-to-meet-needs-of-guests-public

Workstations might be a great, and growing idea, but there's no patent on the idea, and competition is growing; although it has to be said that global players like WW and IWG are ahead of the game and have a competitive advantage being global.

It's a tough one to call, and it's no surprise that IWG and WW are trying to monetise their businesses now.

I did consider adding after the weekend news, and the opportunity is still there at this price, but I think I'll stick.

[poikka] 27/8/2019 07:38

Anyone know if hotels have got into the work station business yet?

[fred177] 26/8/2019 20:11

I would say if Dixon could get a £6 billion valuation he would be quite happy for now

They were in court with WW at the turn of the year on grounds of patent law relating to HQ brand and anti competitive practices settled out of court

The next few months will be an opportunity to max on valuation before a major downturn when WW is wiped out in my opinion

[poikka] 26/8/2019 17:38

From what I can make out, WW is a highly dodgy company loaning out $ms to its execs at very low interest rates, and other apparent shenanigans.

The proposed IWG US flotation casts big doubts on WW's asking price. I reckon Dixon is aiming to frustrate WW's fundraising, with obvious benefits to IWG.

[fred177] 25/8/2019 21:56

I’ve had many volatile days with this share just pleased things are long term north

[fred177] 25/8/2019 10:21

I’d say they want to take advantage of the market 3bilion is £3.35 a share not a big ask given wewirk numbers id take it that would be £3.75 in a year with sake of japan the rest of the business must be worth another £3 a share ?

[poikka] 24/8/2019 17:03

I'll try and answer it myself.

US delivers 30% of Revenue, and 58% of profits; so it looks as if it's the best performing part of IWG.

You know what, I can't say any more than that because I haven't a clue how this is going to pan out for UK shareholders - too many scenarios.

Happy to hear what others have to say - opinions I mean.

[poikka] 24/8/2019 16:53

That's an interesting idea, any thoughts Grumpy...?

[poikka] 14/8/2019 12:06

"WeWork, the US office space provider, has filed its flotation documents and they show that while full revenues rose in 2018, so did losses.

Sales grew to $1.8bn last year from $886m in the previous 12 months.

Pre-tax losses for the period rose to $1.9bn from $939.2m in 2017.

For the six months to the end of June, sales rose to $1.5bn from $763.7m last time.

Interim losses before tax were higher at $899.5m on a previous $724m.

In January, WeWork was valued at $47bn in a private fundraising round."

Capital intensive. Reckon they're a great idea, but overvalued. Potential for fundraising on the back of the hype at IWG - IMO.

[poikka] 09/8/2019 12:14

Sold half of mine at 422. Too much hype and not enough cashflow for my liking. Loads of competition, but they do have a good head-start. Very highly rated atm and no doubt most of that due to the wework rating.

[3dwd] 09/8/2019 04:38

More upside I suspect...but been a great performance... unlike burford !!.... suspect they are a buy at this Level for the brave only .. burford..

[scoble2] 07/8/2019 14:59

It reaches my goal so I am out

[scoble2] 07/8/2019 10:39

Institutions are buying �4 by Friday.

[fred177] 06/8/2019 17:18

Under IFRS16 Debt is an issue, I hope it will be taken in context, it is bought inventory,a model IWG is moving away from by Franchising, also on the positive side it creates a huge opportunity for companies wanting to move property debt obligations off their balance sheets.

when WEwork float their lease commitments will be massive, and at last there will be comparables for a proper valuation for IWG if they are seen as similar businesses their valuations will gravitate together, IWG North the WE company south its seen as an opportunity for hedge funds - interesting times

[3dwd] 06/8/2019 09:51

Very upbeat conference call ...buy ...in my opinion.

[buywell3] 06/8/2019 07:14

DEBT is going to be a problem for ALL BIG companies IMO in the next 12 to 24 months

And for many countries also

[scoble2] 06/8/2019 07:12

10.3% increase in the dividend.
100m share repurchase program announced.
Revenue up 15.1%
strong growth
Cash flow growth 43.0p per share

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.

[buywell3] 06/8/2019 06:37

Net Debt over 6 Billion pounds

buywell has noticed IFRS is hitting many Net positions recently including RR today


''Under IFRS 16, reported net debt has increased to £6,220.1m due to the lease liabilities being recognised on the adoption of IFRS 16. This, however, does not impact on the Group's covenants.''

[scoble2] 05/8/2019 15:11

I bought more and I am sure it will go up

[3dwd] 05/8/2019 15:00

Providing the market is ok ...

[scoble2] 05/8/2019 14:46

IWG
As 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