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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Theworks.co.uk Plc | WRKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.74% | 27.05 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 27.05 | 26.85 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 14/2/2024 07:48 by kaos3 Hard to explain but - from the rnsBiographies: John Goold is Chief Executive Officer at Kelso Group Holdings plc. He qualified as a chartered accountant in London with Touche Ross in 1996 before a 25 year career in the City raising growth capital and advising small and mid cap companies. John initially started in corporate finance before moving into equity sales and corporate broking where he spent most of his career advising smaller listed companies on stock market issues. During his career, John has helped raise over £5.0 billion for his clients much of which was while he was Chief Executive of Zeus from 2012 to 2021. He is currently a non-executive director of Oncimmune Holdings plc and Boohoo Group plc. Mark Kirkland is Chief Financial Officer at Kelso Group Holdings plc. He qualified as a chartered accountant with Price Waterhouse Coopers in London and has gained extensive corporate experience gained over 30 years having held numerous senior roles in public and private companies. Mark's initial career was in corporate finance predominantly with UBS. Mark has been CFO of numerous public and private companies and latterly was CEO of Delin Property, a pan European Logistics developer, investor and manager. He is currently a Non-Executive Director at Strix Group plc and AEW UK REIT plc and previously an adviser to DP World. |
Posted at 04/2/2024 09:25 by omron I don't see Theo Paphitis buying this and am sure that £25m would not fly. I also doubt a £40m bid would succeed. Almost half the shares are held by a handful of investors. |
Posted at 18/1/2024 09:04 by glavey "The two best bargains on the market, Works and Card."...wrote the two best investors in the market, Harry and David. ;-) |
Posted at 27/9/2023 10:16 by simmsc https://www.cityam.c |
Posted at 30/8/2023 16:24 by crumppot Unfortunately other investors are not so positive about the results.The Works are getting too small to be on the LSE anymore. Maybe they should go on AIM? |
Posted at 28/7/2023 10:46 by binghall It's not a good look for KPMG. I am reading between the lines that the company are not very happy with the delay but they are still reiterating that the guidance will still stand when the results are (finally) announced. Doesn't look great when 2 delays are announced one after the other - it can make investors nervous when there is probably no need to be. Wouldn't be surprised to see a change of auditor eventually. |
Posted at 22/5/2023 22:41 by s34icknote Discount gifts and stationery retailer The Works has announced a successful pricing of its IPO on the main market of the London Stock Exchange.The offer price has been set at 160p per share, which equates to a market capitalisation of £100 million on admission.The retailer which also sells books, arts, crafts, and toys said it expected dealings would commence from July 19.READ MORE:The Works hails record Christmas sales for 7th year runningThe Works to spend £5.3m in aggressive expansionIt comes after The Works saw unprecedented growth since it was purchased by private equity firm Endless in 2008, when its estate almost doubled to 400 stores in 2016.A £5.3 million investment drive announced last August has also seen The Works work towards an additional 50 stores, adding to the 63 stores it acquired throughour 2017.The Works also revealed record-breaking Christmas sales for the 17th consecutive year."Today represents a significant milestone for The Works and we're extremely pleased with the level of interest we've received from investors in our business," The Works chief executive Kevin Keaney said."They've seen what our customers see every day a unique and exciting retail experience that combines value, quality and variety that's available online and in-store."With a highly experienced management team, energised staff and compelling offer, we are well-positioned for further growth."We're grateful to our exiting shareholders Endless, whose support has enabled us to get here today and look forward to welcoming new shareholders to join us in this exciting new chapter for the business."Click here to sign up to Retail Gazette's free daily email newsletter |
Posted at 19/5/2023 09:15 by chinahere It needs to catch the eye of some institutional investor. Bizarrely if we can get to a £50m market cap. then more funds can buy as it will pass their lower limit. |
Posted at 13/5/2023 09:15 by omron Je330 - WRKS has net cash - unlike most retailers. I don't know where you got your high debt/equity ratio from but imagine that the issue is capitalised leases. This is an accounting nonsense that was introduced about four years ago by FRS16/IAS17. For example if a business has a four year lease (potentially at an attractive rent) rather than a two year lease it will appear to have twice as much lease debt as the two year lease business - it is complete boll*x and I am a chartered accountant. It makes retailers a bit more complicated to analyse and I suspect many investors/analysts don't understand it. I prefer to look at a retailer based on old ebitda (without adding back current year lease payments) and compare that to real debt. On that basis WRKS scores well and I believe it is undervalued. |
Posted at 14/3/2023 06:09 by onjohn It's been just over a year since Studio Retail's very public collapse and subsequent rescue by Mike Ashley's Frasers Group.Because of its size and being a public company, the Lancashire-based online retailer's failure and rise from the ashes was reported on every step of the way. But 12 months on, what has changed at the business and what might the future hold for the brand which now sits alongside the likes of House of Fraser, Sports Direct and Jack Wills as part of Mike Ashley's retail empire? READ MORE: Click here to sign up to the BusinessLive North West newsletter What happened last year? Things all kicked off when Studio Retail issued a profit warning at the end of January 2022. The company told investors that its profits were set to be lower than market expectations and that it was to raise its prices. The warning promoted its share price to plunge by more than 35%. At the time, Mike Ashley's Frasers Group was its largest shareholder. Two weeks later, on February 14, Studio Retail announced it was to call in administrators. The company said it had requested a short-term loan of £25m from its lending banks to fund surplus stockholding which it "believed was sufficient to enable it to sell through the stock to customers". However it had not been able to reach an agreement with them to provide the additional funding it needed. The collapse into administration, which was officially confirmed on February 24, put 1,400 jobs at risk. |
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