Theworks.co.uk Share Discussion Threads

[kaos3] 18/5/2023 08:00

Omron i just used the ebitda multiple that /i thought it was crazy and i think was mentioned by an experienced man/ was mentiond cca 2 years ago as a valuation metrics - aa was it i think .... in different economic environment.

i could not resit a little pump.... pompino i like . happy happy

just for a perspective how undervalued this share is. obscene absurd

ot - Omron i am not an accountant so i do not think in numbers .... but you could have a look at miri.. superb and ip protected unique tech. with all the big names signed. almost went bankrupt ... II shareholders gave it cash to proceede just now.... so full steam ahead. if they gave them money now - it will survive and thrive... 10 x bagger for starters imgardeningopinion

[s34icknote] 18/5/2023 07:54

Half the market cap 16 p is cash ?

[jw330] 18/5/2023 07:53

yep, I think its time to load up...

[omron] 18/5/2023 07:50

Historic ebitda is about 14.4p per share. With no debt or interest and a payout ratio of 40-50% I could see a dividend of 3-4p. That may drive a share price rerate to 60-80p.

[imnotspartacus] 18/5/2023 07:47

Houston we have lift off!

[jw330] 18/5/2023 07:34

give it time. I think its hard to trade these shares, it's hard for big funds to buy in as it is microcap.

[omron] 18/5/2023 07:31

Kaos - I wish it were valued at 6x ebitda. At that level EV would be 60m, (6x10) and with net cash of 10m the MCap would be 70m. With the number of shares being 62.5m, the share price would be 112p. Instead at the current share price of 32.5p it is being valued at only 1x ebitda. Utterly crazily undervalued.

[jw330] 18/5/2023 07:29

give it time, small caps are not v. popular with funds atm. Valuation is ridiculous vs shoezone

[sphere25] 18/5/2023 07:13

That update looks alot better than the movement of the share price. There are some notes above. The fears on trading haven't come to fruition so I have taken a trading position to see if the market does follow through with a re-rating now.

WRKS is always cheap but it looks too cheap so maybe this awkward market can be a tad less awkward here and give it a push higher.

It is an exit under 29p if I am wrong.

All imo
DYOR

[kaos3] 18/5/2023 07:04

i like the outlook....
very good energy and undervalued ...
6 x ebitda ....
wow ...
skyrocket
will be able to fill up my car again. no more shoes and bike

[darrin1471] 18/5/2023 07:02

Net cash looks better than the forecast numbers I had £10.2m vs £7.9m

[crumppot] 18/5/2023 06:32

Good results and a dividend to be announced on 31 July.

[strikehot] 18/5/2023 06:21

What’s not to like

[harry_david] 18/5/2023 06:19

Great report, everything we could have wanted. Lfl slightly helped by incident April last year but compared with opposition they are streets ahead. Cash position a great asset in these times.

[crumppot] 17/5/2023 15:33

Thanks, I must have been looking upside down. Fingers crossed for good results tomorrow

[darrin1471] 17/5/2023 15:04

Not sellers, buyers.

[crumppot] 17/5/2023 14:50

More sellers again today. I am hanging on in there!

[casholaa] 17/5/2023 14:24

GL Harry/David, I dipped my toe in a while back and recently stuck in a further digit.

[harry_david] 17/5/2023 14:14

If tomorrow's pre-tax comes in at over 3p a share we will see the shares being well bid. The first half loss appears to have unnerved the market and even by just hitting a reasonable figure we should see a relief rally. I feel optimistic.

[jw330] 16/5/2023 13:59

having been burnt on asos recently I've learnt to be in a wait and see approach...I'll miss the first 10% upwards but should be able to avoid big catastrophes

[kaos3] 16/5/2023 13:50

yes ... makes no sense to me. but am buying regardless

[crumppot] 16/5/2023 13:38

Kaos3, are you not a bit nervous with all these sellers about?

[kaos3] 16/5/2023 12:29

just bought 20k. filled in a second. someone is selling /big/ just before the results....

wow

plus 3 shares trade today for starters once again ...

generally retailers doing okish - so i bought some more at this superb share price of 29p

[darrin1471] 14/5/2023 15:53

chinahere. If security was cost efficient then every store would have it. A responsible employer like WRKS will not ask staff to tackle shoplifters.
Cheap books are high margin. New higher priced branded products are lower margin and more attractive to shoplifters.

I may buy a few WRKS ahead of the results, solely on the basis of good like for like figures vs the cyber incident a year ago.

Happy to discuss Accrol on the ACRL thread or GARP.
I am expecting the share to move on the update which could be as soon as Tuesday.

I have gone big on ACRL. The last time I went so heavy pre update was on WRKS in January and that did not work out very well.

[chinahere] 14/5/2023 11:21

They have only recently employed staff to deal with stock theft so I think the bottom line is going to benefit. They also are modernising with EPOS and CCTV and they have introduced newly released products not just the old cheap books.

Have been looking at Accrol that you mentioned on the GARP thread darrin1471 - interesting. They say that they have passed all the inflation costs onwards so their bottom line will naturally increase. I hope the same happens here.