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WRKS Theworks.co.uk Plc

24.45
0.55 (2.30%)
26 Jul 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
  0.55 2.30% 24.45 10,534 16:35:26
Bid Price Offer Price High Price Low Price Open Price
24.00 24.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc General Mdse Stores 280.1M 5.27M 0.0843 2.84 14.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:49:50 O 5,534 24.225 GBX

Theworks.co.uk (WRKS) Latest News

Theworks.co.uk (WRKS) Discussions and Chat

Theworks.co.uk Forums and Chat

Date Time Title Posts
15/7/202414:38The Works.co.uk thread list with charts1,595
18/5/202308:29TheWorks.co.uk PLC49

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Theworks.co.uk (WRKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 12:49:5224.235,5341,340.61O
2024-07-26 08:10:1224.425,0001,221.00O

Theworks.co.uk (WRKS) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 23.90p.
Theworks.co.uk currently has 62,500,000 shares in issue. The market capitalisation of Theworks.co.uk is £14,937,500.
Theworks.co.uk has a price to earnings ratio (PE ratio) of 2.84.
This morning WRKS shares opened at -
Posted at 29/5/2024 12:46 by kaos3
the past wrks issues were explained by omron somewhere above... i trust his professional knowledge/judgement supported by his actions
Posted at 29/5/2024 11:45 by kaos3
as some smart people post they might find this interesting
not related to wrks

We analysed the audit reports of the largest 250 publicly traded companies that collapsed
between 2010 and 2022 and found:
● Auditors are failing to perform their core function. Three in four audit reports failed to
raise the alarm that the collapsed company could go bankrupt, by providing a ‘material
uncertainty related to going concern’ paragraph or warning in the year prior to the
collapse. Auditors are required to include this going concern warning if they believe there
is a risk that the company may go bankrupt – rather than making a prediction that it will.
● Of the Big Four auditors, EY performed worst – warning of going concern risks for just 20%
of collapsed firms. PWC provided warnings in 23% of cases, Deloitte 36% and KPMG 38%.
Auditors outside the Big Four performed even worse – providing warnings for just 17% of
collapsed firms.
● There are serious concerns that auditors are not challenging enough. Of the 250
liquidated companies, 38 declared dividends in their last set of accounts. Ten of these did
so despite making a loss, and two - Entu (UK) PLC and Utilitywise PLC – did so despite
reporting a loss and having a negative net asset balance, which is a strong indicator of
insolvency risk.
We also analysed partner pay at Big Four firms and the fines issued by the Financial Reporting
Council (FRC), the audit regulator, and found:
● From 2020 to 2022, the average pay for partners at the Big Four firms rose by 31%,
reaching £872,500.
● In the most recent fiscal year, partners at Deloitte earned over £1 million on average in pay
and those at PwC close to £1 million. KPMG and EY also reported their highest ever partner
earnings.
● From 2015 and 2022, regulatory fines for poor audits were on average just 0.16% of
revenue and 0.85% of profits for Big Four firms. These small fines are not enough to
materially affect partner pay – providing an insufficient deterrent, and enabling firms to
continue to be rewarded for failure.
4 | Reward for Failure: The paradox of audit partners' record payouts amidst poor audit quality
● Between 75% (KPMG) and 85% (Deloitte) of revenue at Big Four firms comes from nonaudit services. Focusing resources on consultancy rather than audit services in this way
could undermine audit quality and create potential conflicts of interest
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 14/2/2024 14:25 by napoleon 14th
From Stockopedia, which fills in the details:
"Works co uk (LON:WRKS) - up 9% to 24.25p (£15m) - appoints 2 new NEDs.
Unusually these are non-independent, being the CEO & CFO of active,
but tiny investment company Kelso group (LON:KLSO) (mkt cap £11m),
which owns 5.1% of WRKS (paid 33p).

Speculation of some kind of corporate deal maybe? KLSO is pushing WRKS to do buybacks. WRKS looks a very marginal business to me, with little (if any) equity value, but might benefit from higher consumer spending as 2024 progresses? Although April 2024 sees big wage cost hike."
Posted at 26/1/2024 10:45 by crumppot
I cant believe that WRKS are doing that badly, that they are valued so lowly. They have over 500 shops and although Xmas trading was down, I am surprised at such a drop in the share price. I wonder what the fund that bought in recently must think?
Posted at 18/1/2024 08:25 by harry_david
One more instance where a better than expected report sees the share price tumble. The two best bargains on the market, Works and Card.
Posted at 18/1/2024 08:06 by kaos3
as feared. wrks is good times operation.

they should partially reinvent them self to offer a ..non discretionally needed line ..... to draw customers into the shop. then they will buy present stuff items on the offer - which can be bought every where around.

otherwise excellent management and report. i wish this management would not ride a donkey but a horse.

harsh but that is my opinion

the best jockey can not win riding the donkey /selling stuff in wrks case/

i will stick as the management is excellent as far as i can tell
Posted at 19/12/2023 11:34 by crumppot
Shame the share price is doing so poorly!
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 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.
Theworks.co.uk share price data is direct from the London Stock Exchange