Iwg Share Discussion Threads

[scoble2] 31/1/2018 13:36

Big day tomorrow so 290p expected

[richard xii] 20/1/2018 13:54

Media reports indicated two offers were rejected. The extension would therefore give the bidders the opportunity to make a third offer. There is no way to know if the media reports are accurate so there is also no way to have more than a hunch: an offer of about 290p will be made and accepted by the board before the new deadline expires.

[fred177] 19/1/2018 18:31

Extension suggests price is pushing the boundaries and further due diligence needed any thoughts?

[fred177] 19/1/2018 17:36

Bid deadline extended to 2nd feb

[its the oxman] 19/1/2018 12:45

Going to the wire or not happening.

[bulltradept] 19/1/2018 11:06

Not currently...

[scoble2] 18/1/2018 11:13

The offer will be 300p or more by Friday

[richard xii] 29/12/2017 13:46

Good point.Unexpired leases could presumably be sold off but with a premium or discount to adjust for market values. But I would hope there would be expiring leases or break clauses that could be activated in order to bring their supply into line with demand.The UK is only one territory for IWG and most of their business is in other countries which should have good demand. And there should be no or reduced hurricane effects in Q4. Other companies quantify estimated hurricane effects to assist in evaluating the ongoing trends. It may be that the share price has been battered by these two effects in Q3 which then attracted the bid talks. This offer appears to be at a lower price than other(s) which were rejected. So it may well not be accepted.

[jeffian] 28/12/2017 19:43

"If unused London space is sold off...."

How do you mean, "sold off"? What do they have to sell? It's a long time since I took an interest in the old Regus group but a glimpse at the last published accounts show that the vast majority of their buildings are still held on lease (i.e. liabilities, not assets) and the vast majority of their "assets" are simply office furniture, fixtures and fittings and equipment. The model works ok in an expanding market, but in a declining market any attempt to offload the leases is difficult or costly (although I understand that Regus have built in more lease breaks now) and the office fittings - the largest single element of the balance sheet - are a write-off.

[fred177] 28/12/2017 15:00

Historic rumour

[adamb1978] 27/12/2017 11:46

Only had a very small position in IWG however decided to sell this morning. Reason being that I think the next 12-18 months will be harder to generate returns so will lock in gains quicker than before and focus more on preserving capital. In terms of IWG, I share the views about that an offer around the levels mooted in the press wouldnt be generous, and therefore I think there's an increased probability of this approach failing and the share price falling back to where it was. Hence taking the 25%-30% gain offered today and moving on.

[inki] 27/12/2017 09:40

Someone is going to pick this company up cheaply

[frogy] 24/12/2017 09:10

Could go higher than 270p if others become involved in a bidding war?.

[cascudi] 24/12/2017 09:02

270p... bid fantastic news

[adamb1978] 24/12/2017 08:21

Handy! Presumably we'll see the share price jump to say 250p on Wednesday when the market re-opens...

[richard xii] 24/12/2017 03:01

The Sunday Times reports: The landlord behind serviced office giant Regus has received a takeover approach from a pair of Canadian private equity firms, in a deal that could be a bumper payday for founder Mark Dixon.International Workplace Group (IWG) said last night Brookfield and Onex had approached the company about an all-cash offer.IWG, which operates from about 3,000 locations in more than 100 countries, has seen its shares tumble since a profit warning in October, giving it a market value of just over £1.8bn.Dixon, the chief executive, who owns 25% of the company, blamed the landlord's woes on Brexit, which he said was holding back its UK operations, particularly in London.Dixon, a former fast-food seller, is worth about £900m, according to The Sunday Times Rich List.

[terminated] 20/10/2017 11:34

These would need to be about 190p for me to take a punt.

[terminated] 20/10/2017 02:29

Ahhh TDDirect reporting wrong information. Thx.

[citytrader66] 20/10/2017 00:18

mcap £1.97bn? 911.44m shares in issue? @ 15p eps (2016) its on P/E of just over 14.

[terminated] 19/10/2017 23:58

Market cap of 2.9b and anticipated profit of 170m max, there is not much to play for here except a full recovery.

[citytrader66] 19/10/2017 23:46

glenk, do you think a revisit to 210p or lower is on the cards here? or think we have seen the bottom today? if its gonna retrace i'll plan to sell half on next spike then wait for pull back. but how much of a bounce? hmmmmm and will the bounce start tomorrow? whats your view? be interesting to see what updated broker notes say too.

[glenkaz] 19/10/2017 18:24

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

[healthtech] 19/10/2017 15:53

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 15:41

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

[walbrock82] 19/10/2017 14:47

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