Theworks.co.uk Share Discussion Threads

[s34icknote] 30/8/2023 17:35

FY24 onwards."Looking ahead, the macroeconomic environment remains uncertain. However, we are now well positioned to capitalise on strategic opportunities and given the momentum gained in the latter half of FY23 we expect to grow sales and profit in FY24. Reflecting confidence in the Group's prospects, the Board proposes a final dividend of 1.6 pence per share in respect of FY23

[hocuspocus1] 30/8/2023 16:51

£254,905  buys vs £247,006 sellsRef this is money

[crumppot] 30/8/2023 16:24

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?

[s34icknote] 30/8/2023 16:19

Looking forward to the div .The market valuations are skew Wiff !!Cash is king and this company will increase the cash pile at Christmas !!

[finkie] 30/8/2023 15:40

Hmmm not going to get back to yesterdays price but I remain comfortable that this is a decent turnover good management business that just needs to tweak the profit dial and all will be good.

Gla time to look at other stuff now.

[darrin1471] 30/8/2023 10:26

Adjusted PBT
FY21 -£2.8
FY22 £16.5 restated (was £10.1)
FY23 £10.1
FY24 forecast £2.8

Net bank cash:
FY21 £0.8
FY22 £16.3
FY23 £10.2

EBITDA:
FY21 £4.3
FY22 £16.6
FY23 £9.0
FY24 forecast £10.0

"At the Period end the Group had liquidity availability of GBP40.0m, including its undrawn GBP30.0m bank facility."

"Since the Period end, the Group has implemented a reduction in the size of the facility, which was undrawn throughout most of FY23, to GBP20.0m, and simultaneously extended its term such that it now expires on 30 November 2026 rather than 30 November 2025. The reduction in the facility will save approximately GBP0.15m in annual cash interest costs, and the smaller facility continues to provide liquidity availability significantly in excess of the actual anticipated requirement.".

"the Board hopes that FY23's EBITDA was a low point and that it will increase progressively in future"

[finkie] 30/8/2023 09:51

might get back to my buys yesterday of 31.25p.

My thought is with £280mm turnover, you only need a slight tweak here and there to get up to £18-20m EBITDA thats the market cap in one year!

Im happily holding but i think we might see a better price later today for any day traders....

[harry_david] 30/8/2023 09:22

The company is Happy to forecast a 10% increase in EBITDA for the current year when only 5 months have gone. If that is not confidence nothing is. The shares are cheap

[s34icknote] 30/8/2023 08:48

Yep How many stocks with 10 million cash and 1.6p div !! And the shares go down .Eps on 2.8 million must be 5p ?Pe ration of 5

[royaloak] 30/8/2023 08:27

Look a touch oversold to me now.

[arab3] 30/8/2023 08:22

How much does anyone here spend in their store in a year ?

[s34icknote] 30/8/2023 08:07

2.8 million profit on a valuation less cash of 10 million is cheap and paying a 1.6p div Over reaction on a already discounted Valuation

[finkie] 30/8/2023 08:02

28/30 not too bad might even go north when people study etc

[darrin1471] 30/8/2023 08:01

"The Group's compiled estimate of the market's Adjusted PBT forecast for FY24 is approximately GBP2.8m."

[kaos3] 30/8/2023 07:58

Disposable income squèze?

I like the management a lot

[ayl30] 30/8/2023 07:53

Sales growth was only just over inflation rate yet mgt say trading met expectations. Sounds dodgy to me. I sold my holding some time ago, glad I did based on these numbers

[finkie] 30/8/2023 07:44

Online sales £34m even though down, the potential is here.

[trader465] 30/8/2023 07:30

Pretax down 65%, eps down 62%

[finkie] 30/8/2023 07:29

Might open 26-30 shake down a few holders

[finkie] 30/8/2023 07:22

No not dire either divi is 5% per annum, online is slaughtered, management seems to have a handle on issues but unlikely to see share price rise today 😕

[finkie] 30/8/2023 07:10

Any thoughts?

[crumppot] 29/8/2023 22:59

Taking a walk and a deep breath first

[finkie] 29/8/2023 22:33

Ha! You should see me when I’m not waiting on results…ha! 😴

[s34icknote] 29/8/2023 21:56

That's a lay in !