Walker Greenbank Share Discussion Threads

[salver2] 15/10/2019 16:25

No it’s not me ! It’s just a realisation that the company is under control - there is a prospect of a brexit deal which would improve the prospects of the co - and don’t forget there is a massive amount of hidden value with just for example the William Morris archives - corporate action on this share ie a takeover is not out of the question!

[essentialinvestor] 15/10/2019 16:16

salver, is that you buying!.

[trt] 15/10/2019 16:15

Always worth a top up

[salver2] 15/10/2019 13:28

A nice précis of events essential investor

[essentialinvestor] 15/10/2019 11:30

There are some positives here.

£2 million on annual cost savings is significant.
Net funds are nearly £1 million - excluding legacy lease liabilities now on balance sheet.
Their new more focussed brand management/marketing strategy is welcome.
Licensing royalties underline the inherent value of the brands.

The flip side is weakening macro/consumer spending. Plus having to navigate
an increasing migration in online spending.

[trt] 15/10/2019 11:08

But the percentage based on profit ratio has been maintained that's key going forward.

[essentialinvestor] 15/10/2019 11:02

trt, the dividend has been cut, even though it's a nominal amount.

[gswredland] 15/10/2019 10:03

Yes I am on the sidelines for the moment debs

[trt] 15/10/2019 09:54

Interim profits up

[debsdowner] 15/10/2019 09:41

Wages and unemployment figures just released:

Unemployment increasing now to 3.9% as against a forecast of 3,8%

Average earnings plus bonus 3.8% as against a forecast of 4%

[debsdowner] 15/10/2019 09:36

UK sales down interim dividend cut!

The board says final dividend maintained with a caveat:

"The Board has declared an interim dividend of 0.52p per share (H1 2018: 0.69p) with the previous year's dividend pay-out ratio expected to be maintained for the current financial year. The interim dividend will be payable on 22 November 2019 to shareholders on the register as at 25 October 2019."

The caveat being the "pay-out ratio"

Comment:

With the world downturn continuing apace and a possibility of a recession and bad BREIXT this is not a buy.

[trt] 15/10/2019 09:24

U.K. sales down a little but hey whose aren't these days. Overseas sales up 16% that's good. Interim profit up over last year which is good.

[salver2] 15/10/2019 09:15

I thought the results in the circumstances were good also - surprised we didn’t have a little rise

[trt] 15/10/2019 08:32

Good set of results.

[gswredland] 13/10/2019 10:30

Be interesting to see what they say this week.

[essentialinvestor] 13/10/2019 08:48

Of far more interest are the results of the strategic review.
So the H1 has more significance than usual.

[essentialinvestor] 11/10/2019 17:23

You appear to be assuming no cut next week.

[trt] 11/10/2019 17:20

Yield is 4.35% that's what's good about it.

[essentialinvestor] 11/10/2019 16:29

As the H1 dividend has not been declared yet, you must have a crystal ball.

[trt] 11/10/2019 15:30

Grabbed a few more today. Dividend still excellent.

[gswredland] 08/10/2019 18:18

Brexit and nerves ahead of results in a week sending these south?

[essentialinvestor] 18/9/2019 10:46

Poor update from CFX, WGB results mid October. Should get more detail on the strategic review.

[salver2] 12/9/2019 17:14

I think the company’s run very tight and has about 9 million in cash- which can be used for buybacks - David green the majority owner has a habit of making business sound worse than it is - not necessarily a bad thing but business in the USA is the real driver of shares and with the weedy pound should be ok - we shall see !

[essentialinvestor] 12/9/2019 14:51

Salver, on CFX thought it may be available around £3.50 (if no bid) when the next recession hits.
Interesting to see what they say next week. To be fair you probably have a
much better handle on the company than me.

[essentialinvestor] 03/9/2019 16:08

Thanks for the view, appreciated.