Walker Greenbank Share Discussion Threads

[bookbroker] 09/4/2019 12:04

Heaven forbid, vultures just migrate from one thread to another, reading the Deb thread, seems you are not much distinguishable from the rest, Blackpool bedsits not withstanding!

[robot ic1] 09/4/2019 11:55

It will not be long before debsdowner posts on here again as he nailed the last nail in debenhams coffin lid yesterday .

[essentialinvestor] 06/4/2019 18:38

The continuing secular trend to online retail makes the future more difficult
for many of their brands, that's my take.
Falling sales when we are in a global expansionary cycle may indicate some
of the brands are not as valuable, and may not be as profitable going forward.

The recent February full year trading update may underline that.

[bookbroker] 06/4/2019 13:58

Likely writedown on the goodwill relating to the Clarke and Clarke acquisition, already stated that no further earn-outs to be paid, but it’s how the markets take that, but looking at the valuation that may be somewhat priced in, good job they issued shares to acquire the company at a considerably higher level!

[bookbroker] 06/4/2019 13:30

May go lower, but with the brands in its stable, and the growing licence revenue this could easily be taken over, pretty lowly rating currently, remains to be seen whether revenues collapse. Still believe this company trades to the more affluent members of society!

[essentialinvestor] 06/4/2019 12:09

If you look at the WGB earnings estimates on the 4 Traders site,
consensus appears a multi year decline in profitability.
Of course they are only estimates, subject to change, but might be
worth considering.

[garfield31] 06/4/2019 11:37

Round us the Kitchen people are doing well with expensive new kitchens being put in because people not moving. Wonder if same with decoration and in particular wallpaper.

[essentialinvestor] 06/4/2019 11:34

Interesting set of results in prospect.
Will this be a kitchen sinking job, a resetting of expectations lower?.

Their guidance for the year ahead is one to watch.

[soultrading] 05/4/2019 10:14

Bullish Inverted Hammer!

[essentialinvestor] 03/4/2019 08:48

Results very shortly so see what the outlook is.


Very significant recent share price outperformance by CFX re WGB I notice.

[bookbroker] 03/4/2019 08:19

The William Morris licensing rights are worth a fair chunk of this companies present value, seeing their prints on all sorts of household items, bags, cushions, ecoffee cups to name a few, the licensing arm is a cash cow here!

[essentialinvestor] 03/4/2019 08:07

Arthur, you can make that case, sure.

I think what might be happening in terms of trends is minimalism appears to be in.
Now that will most likely switch back, but atm wallpapers and patterns do not
appear in fashion - that's a personal observation in broad terms only.

If any one has a view on that would be interested to hear.

[arthur_lame_stocks] 03/4/2019 07:51

Personally I think they're worth this price. There is a lot of bad news already price in, yet the balance sheet is strong, the brands are strong and the licencing revenue alone almost covers the price.

I can accept there is an element of cyclicality, as there is an all but the largest of defensives but I can't see the property market going pop anytime soon while the Government in its wisdom is still letting 250,000 people a year move here.

[essentialinvestor] 03/4/2019 07:34

Look at the difference on pre tax and adjusted EPS between 2008 and 2010.


As mentioned previously this is an interesting business. The brands have
value and the balance sheet is strong. That's why I keep it on a watchlist.
It's not out of the question it will be bid for.

[arthur_lame_stocks] 03/4/2019 07:05

Can you point me in the direction of the high cyclicality? I notice in 2009 they still reported a reasonable profit and rising turnover. Now turnover is 70% higher.

[essentialinvestor] 02/4/2019 20:48

You're right, the current payout ratio is below 50%.
It's whether the dividend will be held through the next recession.
You appear to be assuming it will be. as this is a highly cyclical
business, I would be far less sure of that.

[trt] 02/4/2019 18:51

3.82 to be precise

[trt] 02/4/2019 18:50

It's clearly sustainable covered many times over.

[debsdowner] 02/4/2019 17:57

If I am not mistaken trt could be suggesting the high yield unsustainable.

[essentialinvestor] 02/4/2019 17:34

And you expect the dividend to be held through the next recession?.
Big assumption.

[trt] 02/4/2019 17:29

The yield speaks for itself

[debsdowner] 02/4/2019 16:33

Construction data poor today it looks to me like things still worsening here hence the share price still falling. Anything retail related grim at the moment.

Axko Nobel trade centres who sell Dulux paint cutting their prices of late which suggests decorating in a decline!

[owenski] 02/4/2019 16:07

Top up time again for Daisy, pays a quid to get 50p and thinks its a bargain.

[essentialinvestor] 02/4/2019 15:44

He must be near a notifiable interest by now.

It's super cyclical as we saw during the last downturn,
at least net debt looks low.