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WRKS Theworks.co.uk Plc

23.05
0.00 (0.00%)
04 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Theworks.co.uk Plc LSE:WRKS London Ordinary Share GB00BF5HBF20 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.05 3,888 08:00:23
Bid Price Offer Price High Price Low Price Open Price
22.40 23.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc General Mdse Stores 282.59M 6.38M 0.1020 2.26 14.41M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:11:54 O 3 22.40 GBX

Theworks.co.uk (WRKS) Latest News

Theworks.co.uk (WRKS) Discussions and Chat

Theworks.co.uk Forums and Chat

Date Time Title Posts
03/11/202411:29The Works.co.uk thread list with charts1,632
18/5/202307:29TheWorks.co.uk PLC49

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Theworks.co.uk (WRKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:11:5622.4030.67O
14:11:5622.4051.12O
12:45:2923.053,880894.34O

Theworks.co.uk (WRKS) Top Chat Posts

Top Posts
Posted at 04/11/2024 08:20 by Theworks.co.uk Daily Update
Theworks.co.uk Plc is listed in the Misc General Mdse Stores sector of the London Stock Exchange with ticker WRKS. The last closing price for Theworks.co.uk was 23.05p.
Theworks.co.uk currently has 62,500,000 shares in issue. The market capitalisation of Theworks.co.uk is £14,406,250.
Theworks.co.uk has a price to earnings ratio (PE ratio) of 2.26.
This morning WRKS shares opened at -
Posted at 20/10/2024 16:43 by noisy2
Could anyone please explain, I see the shares in issue figure has decreased from 62,500000 to 60,210000. Is this a ‘share buyback’ or something else ?
I also note the share price has been dropping ?I would have thought with less shares in issue, the price would have increased.
Posted at 01/10/2024 07:07 by crumppot
So why has the share price fallen?
Posted at 08/8/2024 13:31 by darrin1471
WRKS and CARD have similarities but at the same time are very different. Simular-sized shops in similar locations on similar rent.
Dean Hoyle was the founder of CARD and a large investor in WRKS but has no stake in either now.
CARD is a budget card shop designing and manufacturing its own products at high margins. Now adding gifts to its range to boost basket size.
WRKS is a shop you go into when you have children to buy a limited range of books, craft items, educational and stationery items.
Comparing the market cap of both is just wrong IMO.

kaos3. Have you ever lived in the UK. Do Slovenians buy each other cards for birthdays etc.
Living in the UK, birthday cards are a normal thing. My kids would get about 20 each birthday. I grew up thinking this was the same all over the world, so it was a surprise to find out that this was not the case. Apparently, in France, a card is only normally sent if you can not attend an event or celebration.
Posted at 08/8/2024 11:29 by kaos3
wrks 500 shops MC 15 mil
card 1100 shops MC 400 mil

difference - products (half of it to be appr precise - celebration,gifts)

i hope you see my point darrin

PS - card is increasing the business that wrks is in already ... go figure.

one aspect that i am not familiar with in wrks is own design of the gifts and other stuff ... does wrks have its own design studio and stuff made just for them ? like at card?
Posted at 08/8/2024 10:26 by kaos3
even if they will not succed in getting the machine going (which i doubt regarding the people involved) - simply selling the machine will provide X on the share price imho

an easy entry into the market or fast expansion for someone who wants to expand his line of the business

no major downside risks - and blue sky to the up
Posted at 08/8/2024 10:25 by crumppot
Kaos3 interesting.

What I don't understand is that if there are these buyers, why is the share price not going up? Are there that many sellers? Price is edging lower
Posted at 08/8/2024 10:09 by kaos3
i have no clue. I am slovene living in slovenia for my whole life. so I follow the internet and read. so all bellow imho

wrks is getting bought by the most experiencend, older, partially retired financial experts, who really know it all. specially in accounting and retail. they know so much more (behind the sceens) what is going on.

wrks is one of the cheapest retail infrastructure that can be had in UK.
wrks reports are one of the best i have ever seen. even honest. gradual operational improvements day in day out.
their human capital has improved enormously over the past few years.

it is all set to go ....

where i do not know.... to be honest.

my biggest concern is that they are selling general stuff sold everywhere with no special distinct proposition - point of superb attraction. bought cheaply from vietnam, china etc. meaning trade wars associated risks, currency impacts, high logistics costs, minimal wages problems, fashion driven (bets on what is in trend .... hard to get it right all the time), depending on populus having enough disposable income etc on one hand.

on the other hand ... the items have huge margins, superb management ... like having a high capacity machine driving it at 3 mph ... at the moment ... but the driver is superb, machine is superb and it is getting traction...

i would say the wise guys which gathered here need an artistic genious doing the right stuff selection day in day out. product selection is of the most importance. unfortunatelly i can not visit stores and observe it first handed .... hence stressing my foreign origins.

i have almost no money, living from the garden ... but i have for a long time not sensed such a development in progress ... so i bough 2.000 gbp of shares - which is a lot for me ... and am holding at a loss ... but am comfortable doing so

just a rant of a simple man - how he sees it .... not much of a help i know

I would say ... study the people involved and the shareholders register, bod, reports quality, number of locations per share, gross margins of the business, debt development, cash situation (high seasonality)
Posted at 14/2/2024 14:44 by darrin1471
sooty, I have lost faith in the business model. WRKS failed to make the most of the trading conditions in December 2022 when other high street retailers did well. When a retailer makes such small profits it does not take much of a change in turnover to boost profits by a multiple. Equally a small drop in turnover can result in losses.
WRKS have the head wind of a near 10% rise in NLW from April. The more I think about it the educational world is moving away from WRKS. So much of the educational stuff I used to buy for the kids from WRKS is now done online. When buying the educational stuff we used to pick up other stuff for birthdays etc. I only go in now to get a feel for the shop as an investment. Its neat tidy with a wide range of product. I struggle to see any tweaks that would significantly improve the offer.
The Works, Ryman and WH Smith. There is probably only space for one of them.
The appointment of the Kelso directors is a surprise. Kelso have only been around for a couple of years but have ruffled a few feathers beyond their size. Kelso mkt cap is less than WRKS
For me WRKS is an even more interesting watch but I'm not investing.
Posted at 22/5/2023 12:41 by darrin1471
s23. As you are aware stock levels increase pre Christmas and cash is at its highest level post January sales. It is therefore best to compare cash year on year.
The most recent cash figure is £10.2m vs £16.3 a year earlier. This drop of £6.1m was due to "higher than normal creditor balances" in FY22. It was well flagged and nothing to worry about.
The net cash forecast for the next 2 years is +£3m taking WRKS to about £13 net cash at the end of FY25 (30/04/2025)
Dividend cover is poor for FY23 so a 2.4p dividend is not cast in stone. If the outlook remains stable I think WRKS will maintain 2.4p, as cover improves for FY24.
The WRKS share price is very low but its profit margins are also very tight. A small boost to revenue adds a big boost to profits but the reverse is also true.

Pay rises often start April 1st along with pension and benefit rises. The energy cap is also forecast to fall by £500. This may lead to a better than expected summer for retailers.

WRKS will need to fund the higher living wage which went up nearly 10% last month. Also Amazon are opening a massive distribution centre near to WRKS head office and warehouse. Amazon will be recruiting hard for all positions in the new DC which will add wage pressures locally to an already tight labour market.
Posted at 23/9/2022 09:27 by roxburyhouse
No doubt like most people reading this I monitor both Card and Wrks share price closely.

Until recently they were always very similar taking turns to edge in front of each other.

That was until Wrks issued a badly written RNS on 8th Aug.

1. They didn’t declare the previously mentioned £16 m “available cash”.
2. They increased and extended the bank facility to £30.0m and extends the expiration date to the end of November 2025.

This was interpreted as a profit warning and on that very same day the share price dropped 16p (34%) to 30p were it has languished since.

Truth is that it was just a badly written RNS and they either didn’t feel the need to mention the available cash or just plain forgot and also should have stated that the bank facility was undrawn and just good management being prudent.

This has all been clarified today.
Theworks.co.uk share price data is direct from the London Stock Exchange