Theworks.co.uk Share Discussion Threads

[darrin1471] 20/1/2023 10:55

Presentation and Q&A will have ended. Without any further sell off.
100k trade @ 34.76 @ 10:32 was encouraging but all quiet now.

[squeamish1] 20/1/2023 10:22

Appears that they are failing to pass on cost inflation to their customers

Revenue +2%, cost of merchandise +10%, staff cost +8%

Those kind of numbers can’t be sustainable. CARD and SHOE seem to have been able to navigate the inflationary environment much better.

[farrugia] 20/1/2023 10:12

how does theworks compare to cardfactory in terms of number of shops?
are card factory shops better quality?

this is not very flattering?
[...]

[greco600] 20/1/2023 10:11

A market cap of around 21 million.Im very tempted here... (not yet invested)

[darrin1471] 20/1/2023 09:51

billy. It used to be quite common for all profits to be H2 in retail. WRKS say FY23 expectations unchanged.
I can only see 2 analysis eps estimates for the year. 3.6 and 9.2 giving an average of 6.4. Another source has just the one 3.6 eps

[darrin1471] 20/1/2023 09:48

stock "an increase of 34.0%."

This would have been on 30/11/2022

Freight was delayed in 2021, some until December. So many retailers were buying in earlier than normal to avoid freight delays which would lead to higher stock levels on 30/11

That is why I expected a cash figure for 15/01/2023

[harry_david] 20/1/2023 09:45

Greenroom, good post, company said in Nov they had received full stock, unlike previous year. This is why sales kicked up so much in Christmas trade.

[kaos3] 20/1/2023 09:35

corporate action - it was the spin and the spirit how the RNS was written....

on the same data one could write it completely different ....

good value yesterday even better today ...

[chinahere] 20/1/2023 09:06

The power of a RNS there. Have to say I'm surprised that it is so downbeat. All the action must have been post-period but not much discussion there. Will definitely hold but learn to temper my enthusiasm!

[billyboy2fromiii] 20/1/2023 09:05

Hi,

With a 10.7 half year loss, will they not struggle to make a full year profit? Sales strong but also higher post Xmas sales at lower margins. Little or no full year profit could mean no final dividend as well as no interim?

Thoughts?

[s34icknote] 20/1/2023 08:50

23 m market cap 7 m cash before Christmas with sales up 9.7 percent .

[s34icknote] 20/1/2023 08:49

Still think this would have risen without half year results thrown in!If they had said Christmas was bumper and sales were up nearly 10 percent !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!In the period when we make all our money !!Makes you laugh when peeps worry re the online business does down from covid highs !Online is what 10 percent of sales if we're lucky ! The store like for like is good and shows they are doing the right things !Sooner or lasted the the business will realign from first half woes !

[bountyhunter] 20/1/2023 08:43

Yes I noticed the share price action yesterday and should not have ignored it; it seems that some may have got an early indication of what to expect as so often seems to happen although results were not bad just not as good as had been hoped for.

[s34icknote] 20/1/2023 08:41

Will be an opportunity for private equity to top up today .

[s34icknote] 20/1/2023 08:39

Well done those that took profits yesterday . In hind sight should have hedged and sold half !!

[s34icknote] 20/1/2023 08:39

They made a 7.9 m loss in 2018/9Half year and paid a interim 1.2 p div So yes as usual market over reacts .The market moves quickly .Peeps move on ! 7 m cash plus Christmas trading .Again would have been nice to know current cash in bank end of dec .Especially with such a small 23 m market cap

[harry_david] 20/1/2023 08:33

darrin, you are right, on the face of it a completely over the top reaction. A lot depends on the conference call. Having said that the company has no idea how to report their trading figures, others would have sounded extatic.

[greenroom78] 20/1/2023 08:28

I toyed with selling earlier in the week for a 45% profit, regretting not doing so now as most of those gains gone. I was expecting something a little more upbeat. Drop looks overdone though.

[qs99] 20/1/2023 08:27

Agreed. PIs out, drop price wonder if it will step back bit by bit over today DYOR

[kaos3] 20/1/2023 08:21

perfect for a corporate transaction ...

no debt , out of the wood /company and economy/ PE connected man as a big shareholder etc

[darrin1471] 20/1/2023 08:15

Looks like a few private investors sold at the first opportunity.
May recover from here. Depends upon what is said at the presentation.

[s34icknote] 20/1/2023 08:12

Back where we started !!

[darrin1471] 20/1/2023 08:08

wipes out the hoyle gains

[darrin1471] 20/1/2023 08:04

40p open ?