Iwg Share Discussion Threads

[fred177] 13/6/2017 19:38

two big trades accounting for 8 million shares? maybe a deals been agreed?

[richard xii] 13/6/2017 17:23

14.7 shares traded today.And the treasury stock buying has stopped. Could be because the price is now too high or because insider trading is unlawful.

[fred177] 12/6/2017 19:13

Richard agreed, Adam Neumann of We Work does have a different business model his Kibutz styled vision of collaborative working has attracted huge investment from venture capital, 195 locations in a handful of countries but with what returns or substance? but on latest investment capital injections worth $20 billion?

Dixon on the other hand has built a business established 28 years which is at least 15 times the size generating £138.8 million profit and rising.But valued at £3.3 billion

I think the potential is huge, Spaces is IWG's collaborative We work type brand competitor but it is not Capital Light in investment terms and its just getting started but as Dixon said recently the winner will be the provider with the biggest and best network coverage together with the lowest cost base. IWG has been lowering its cost base significantly and has far greater market coverage with 2,900 locations in over 100 countries.

Its been a very volatile ride but its one i want to hang onto

[richard xii] 12/6/2017 16:23

Good point.Let's see how this plays out. The rumour could well have been set because someone wanted to sell their holding.But the valuation difference is significant. The business models are not the same but are replicable.

[fred177] 12/6/2017 13:52

Richard I doubt very much Dixon would want to sell out, i see it as more likely he wants to grow the business faster and cant do that as a public company, that is why a corporate buyout where he retains control makes sense, he can then take on more debt over a medium term say 5 years -

[richard xii] 12/6/2017 03:43

WeWork could buy IWG. That should boost its valuation if they use the same metrics.

[fred177] 11/6/2017 23:10

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 share

Corporate 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.

[richard xii] 11/6/2017 21:37

Thanks fred.ftalphaville.ft.com/marketslive/2017-06-08/There is also a link to an article.

[fred177] 10/6/2017 16:38

the rumour was on wall street wires says that they were looking at being bought out by private equity Apollo was mentioned, further commentary on ft alphaville says that they may want to go private to grow spaces brand more quickly, being public is holding them back Wework is on a valuation of 20 billion US dollars with 195 locations IWG has over 2900

[richard xii] 09/6/2017 15:45

There was high volume but the buying dried up in the middle of the day and the price fell back.Someone was building a stake but there is no information on who so far.

[its the oxman] 09/6/2017 10:04

Couple of days ago iwg spiked up to almost 390p during the day , then sank back to to end near 360p , any ideas why out there? Suggests test of 400p may be next with any further positive newsflow.

[bantrader] 03/6/2017 11:53

@fred177 100% agree

[fred177] 02/6/2017 16:07

As i understand it they can purchase either a freehold or a long leasehold building, improve the occupancy and sell it on with either a new short term lease back or a management agreement on an income share basis. Either way it can be a way of enhancing the capital value through improving yields very quickly - hence they can be seen as one off exceptional profits.

[bantrader] 29/5/2017 13:18

@fred177 What they did in 2015? Maybe a leaseback?

[fred177] 25/5/2017 10:36

Another positive updater today now investing more this year than previously advised through freehold and long leasehold acquisitions - lets hope they can offload the long term liabilities at a premium as they did in 2015 with a £20 million exceptional profit.

[its the oxman] 02/5/2017 11:34

Positive enough update today.

[its the oxman] 24/3/2017 10:29

310p today, maybe 320p is where we are going

[its the oxman] 23/3/2017 10:25

Going through 310p on next good up day I hope.

[its the oxman] 13/3/2017 15:28

Break of 300p and beyond? Looking good for the time being.

[fred177] 02/3/2017 20:51

The results were positive and they are now in a good position to grow. 2016 has seen a lot of tidying up done and Dixon selling hasn't helped the share price. They've been very fortunate in that Sterling's fall has enabled them to grow and keep all numbers in line with managements expectations.

Now trading on a PE of 18.9 and in really good shape. They are putting huge emphasis on their app based bookings, the platform they have built takes time and they are leading the way so big barriers to entry. If in time they become the Uber of workplace as a service provision the PE look extremely cheap in my opinion

[richard xii] 28/2/2017 12:47

Thanks for setting up the thread Oxman.IWG has been trading like a domestic UK REIT when most of its assets are outside of the UK. Today's trading is very welcome.

[its the oxman] 28/2/2017 11:06

Shares now almost 10% up suggesting a move through 300p over the days / weeks ahead looks very likely. Fingers crossed.

[its the oxman] 28/2/2017 09:57

Good results today reassuring with shares nicely up. Some cautious comments in previous trading update saw these tank down to 230p but recovery back to 300p seems very possible if market thinks growth is back on track.

[its the oxman] 28/2/2017 09:54

IWG or Regus reborn. Remember seeing a broker comment - can't remember who - stating it doesn't take particularly heroic assumptions to see Regus ( as it was called then ) being worth over 600p. Time will tell but any comment or broker info very welcome.