Theworks.co.uk Share Discussion Threads

[s34icknote] 14/8/2023 22:22

300 million turnover 527 stores 20 m market cap 10.4 m cash

[crumppot] 14/8/2023 21:51

The vast majority of them make money otherwise they close them, like the one in Falmouth

[arab3] 14/8/2023 19:11

i have never seen our local one busy at the tills

[onjohn] 14/8/2023 18:54

wonder how many of the 527 stores lose money

i think quite a lot

[finkie] 14/8/2023 17:47

It was a buy so maybe the reality of 527 stores and a £20m market cap is resonating with some….

[s34icknote] 11/8/2023 09:46

Wouldn't call 30 k trade big ?

[finkie] 10/8/2023 15:33

Big sell just gone through maybe somebody knows something…R30;

[crumppot] 07/8/2023 19:23

The problem is that there are only large firms that will do this sort of work and they are all expensive. The LSE needs to help smaller companies find auditors, otherwise companies will delist.

[darrin1471] 07/8/2023 19:00

Not just KPMG. Delays everywhere.

As you said KPMG probably being extra cautious after being fined £1m over FY20 audit:
"the FRC said the audit conducted by KPMG was marred by a series of flaws such as a failure to respond appropriately to variances in stock counts identified during controls testing, and a failure to conduct the appropriate roll-forward and roll-back procedures."

[s34icknote] 07/8/2023 07:33

Card trading update good Bodes well here

[strikehot] 28/7/2023 10:56

Once bitten

[strikehot] 28/7/2023 10:55

hxxps://www.accountancyage.com/2023/04/26/kpmg-sanctioned-for-rudimentary-failings-over-the-works-audit/

Caution is now the key word.

[casholaa] 28/7/2023 10:34

p.s. 30th August

[casholaa] 28/7/2023 10:34

This has happened in at least three of my holdings. The auditors are ultra cautious now as one auditor got screwed with a fine not so long ago.

[harry_david] 28/7/2023 10:17

I agree, the immediate reaction is that the company must be partly to blame, but on reading the announcement again it is clear the company have been caught by a very panic stricken auditor that has already received one too many fines

[crumppot] 28/7/2023 10:06

How can KPMG make such a mess of the results, they audit loads of other companies. It is extremely poor and the board of the Works should be asking for a reduced fee. I am sure a member of the board reads this blog!

[binghall] 28/7/2023 09:46

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.

[s34icknote] 28/7/2023 09:39

They got behind and now everyone is in holiday !!!!

[casholaa] 28/7/2023 01:02

1+0=11+1=21+2=31+...........

[harry_david] 27/7/2023 21:49

This accounting delay cannot all be the fault of the auditors?

[s34icknote] 27/7/2023 21:33

Sky sports business questioning why so many companies are reporting results on the same day !16 ftse 100 companies today !

[s34icknote] 27/7/2023 14:14

Uk for you Accountants can't cope Road workers can keep our roads to a decent standard !You can't get to see a gp Every hospital appointment is put back every three months !Looking back would have been better led by the Brussels lot !

[s34icknote] 25/7/2023 16:29

Again with the finishes nxr and Wrks !

[s34icknote] 25/7/2023 14:19

Only a week to go. !