Iwg Share Discussion Threads

[momentum1] 15/4/2019 17:11

Some rather chunky buys after close. Bodes well for the rest of the week.

[kirk2] 15/4/2019 16:45

being held back so the big fund money can get in under 400p, look at the late buys, then wooosh by tomorrow.

[kirk2] 15/4/2019 16:43

man in the know

[poikka] 15/4/2019 16:17

Who advised you, kirk2?

[kirk2] 15/4/2019 13:27

BEEN ADVISED TO ACUMULATE AS MANY AS POSSIBLE, STILL OFF THE RADAR, WILL RIDE THIS BABY TO 500P

[momentum1] 15/4/2019 13:09

Speical dividend to shareholders on its way. Fill your boots. 400p+

[3dwd] 15/4/2019 10:29

There are very few opportunities like this... In my opinion... And most analysts haven't started yet.. Very slow.. Credit to Peel Hunt.. Others will chase the story..

[poikka] 15/4/2019 10:07

And,

"IWG plans other franchise arrangements, which will make it easier for investors to understand the business, he said. "We are working on several other deals at the moment," he says.

What will IWG do with the £320m from today's deal? "We're going to think about what we do with the money... There will be quite a lot of cash generated [as we do other deals]."

[poikka] 15/4/2019 09:58

This extra from Sharecast.

Sharecast News) - IWG continued its shift towards an asset-light model on Monday with a £320m deal to sell 100% of its Japanese serviced office space to Tokyo-listed TKP Corporation, with which it has agreed a franchise agreement.
Once the deal is complete, which is expected next month, TKP will pay the full sum in cash and under the franchise agreement will operate the Japanese centres with full rights to use IWG's Regus, Spaces and OpenOffice brands.

In what is IWG's first master franchise deal, TKP has also committed to a development plan which will add "significant" more space to the centre network in the country, while the FTSE 250 group will provide its operating platform in return for a fee.

The divested Japanese business contributed £94.4m revenue to IWG last year and generated EBITDA of £20.6m, with its total gross asset value just over £98m as of 31 December.

Around a third of IWG's space growth last year came from similar capital-light routes of licensing the brands to landlords and management aim for the group's business model to eventually shift so that two-thirds of its space is available via franchises.

IWG shares shot up 20% to an eight-month high of 330p in early trade on Monday morning.

"IWG has sold its first franchise," said analysts at Peel Hunt, with the price of 3.4 times revenue "far higher than our best case" which had been for 1.5 times on average across the group.

"Given that our best case valuation was 701p for the whole group, the question is how far should investors extrapolate," the analysts added, moving their target price to 400p from 351p.

[3dwd] 15/4/2019 09:45

Peel Hunt upgrade again today.. 400p plus longer term tgt 700p... The model to look at is Intercontinental Hotels.. See their shares now!!!!.... Plenty of upside.. With is this platform..

[s34icknote] 15/4/2019 08:12

Wow This was two quid a few months ago Should have followed the director buys !!!!Sicknote

[yertiz] 11/4/2019 12:19

Agree with you there - what do these brokers know?

[poikka] 11/4/2019 12:05

"Peel Hunt today upgrades its investment rating on IWG Plc [LON:IWG] to buy (from hold) and raised its price target to 351p (from 190p)."

So what caused their massive change of heart?

[poikka] 11/4/2019 11:38

Ok, ta. Pretty meaningless, than.

[yertiz] 11/4/2019 09:52

Peel Hunt - Buy.

[poikka] 11/4/2019 08:47

Big rise this morning, wonder what brought that on.

[cryptotrade] 11/3/2019 17:24

Interesting build up.

[fred177] 06/3/2019 10:56

pre tax profit at the half year was 54.3 million so profit in second half was 84.4 million so i would hope a lot of the hits for closures have been taken and they can now move on

[dtaliadoros] 06/3/2019 09:24

Thats a rather long financial report. So on quick skim read....first pages all read about increase revenue, increase margins, increase dividends.....but when you look at group profit details buried in the middle group profits are down because of increased overheads associated with closures. How do we know we will not get further overheads this year? In my mind s bit of a misleading financial report?

[yellowdog] 18/12/2018 22:52

Hugh director buying today

[healthtech] 14/11/2018 08:33

Softbank is pouring another $3bn into WeWork bringing its valuation to $42bn. I really struggle with IWG's valuation. Is management doing such a bad job that the market thinks IWG will not grow as much as the sector?

[yopf] 12/11/2018 09:41

Hmmm closed short way too early. So much future uncertainty.

[yopf] 07/11/2018 09:49

Yes, saw that Poikka

Closed short yesterday afternoon and not looking at strength into going long.

[poikka] 07/11/2018 09:01

Flexible office space set to soar.

[yopf] 06/11/2018 11:59

Watching to see if the fall will gather pace