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-0.60 (-1.73%)
Share Name Share Symbol Market Type Share ISIN Share Description Plc LSE:WRKS London Ordinary Share GB00BF5HBF20 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -1.73% 34.05 11,078 16:35:17
Bid Price Offer Price High Price Low Price Open Price
33.10 35.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Misc General Mdse Stores 264.63 8.72 14.00 2.48 21.28
Last Trade Time Trade Type Trade Size Trade Price Currency
14:37:33 O 9,429 33.7783 GBX (WRKS) Latest News (WRKS) Discussions and Chat Forums and Chat

Date Time Title Posts
02/6/202311:54The thread list with charts1,300
18/5/ PLC49

Add a New Thread (WRKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:47:4733.106019.86O (WRKS) Top Chat Posts

Top Posts
Posted at 22/5/2023 23:10 by crumppot
When will the share price increase? It has not moved significantly for a long time
Posted at 22/5/2023 13:41 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 18/5/2023 08:50 by omron
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.
Posted at 18/5/2023 08:31 by omron
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.
Posted at 18/5/2023 08:13 by sphere25
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

Posted at 14/5/2023 16:53 by darrin1471
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.

Posted at 10/5/2023 17:04 by kaos3
2. Omron - I do not know /as you know i am into mushrooms/ - but getting profitable 500 shops for 20 mil

is a pocket change for many.

it is 40.000 GBP/shop ... including all what is needed ... where else can you buy that

it could be an addition to an industry buyer or a platform to an entrepreneur or a cash cow to a PE related group

20 mil is manageable by many without going to the bank

payback period 5-7 years including some growth. wrks has no debt and after the possible takeout wrks could take on some debt.

it is also helpful if some of the shares are owned already.

combining some pre ownership + wrks taking on debt later - the pay back period drops to just few years

Posted at 04/5/2023 22:54 by kaos3
i bought more wrks because when compared to card

no of shops - revenue - mk - roe
card 1000 450 350 15
wrks 500 200 20 30+ /my estimation/

notice what stands out .... the only large diff is mk, then comes roe ... mk must correct - market capitalisation

card is going into gifting vs cards
wrks is in gifting already

much better capital circulation in wrks
no debt and divi

most od us are in both ... i just follow the rich and clever and then think why
....mushrooms effect....
and i trust both the management and the shareholder base

Posted at 11/4/2023 11:17 by kaos3
I had trouble to decide the card vs wrks weighting at present SP

I like card business much better - bigger, more repetitive and focused, control of the whole chain etc


wrks has a very good management /based on reports - eg words/ but above all needs very small equity - so ROE could be huge when compared to card -

so I overweighted wrks atm

ps - can not figure out currency exchange impact - what is going on and how it works ar wrks - but impact seems substantial ...

what is the logic of FX sensitivity at wrks anyone... TIA

Posted at 23/9/2022 10:27 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. share price data is direct from the London Stock Exchange
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