Walker Greenbank Share Discussion Threads

[studentinvestor13] 01/9/2020 11:24

Up on dunelm demand read through? See paul scott stockopedia

[netcurtains] 01/9/2020 09:44

You seem to be correct s34...

[s34icknote] 28/8/2020 14:26

Starting to attract buyers again Sicknote

[netcurtains] 27/8/2020 19:47

deleted as probably not relevant. Sorry.

[cliffpeat] 27/8/2020 19:44

@netcurtains - in case of any interest or relevance to WGB and the points you are making

Crew Clothing Co. Ltd

YE 31 October 2018
£60m t/o
£12m net assets (no intangibles)
£2.8m profit

Sold in December 2017

Ultimate holding company based in Singapore was Three Wishes Ltd the controlling party of which is Menoshi Shina (who bought Moss Bros in March this year)

[netcurtains] 27/8/2020 19:23

deleted as probably not relevant

[bookbroker] 27/8/2020 18:26

Management doing a good job here.

[bookbroker] 27/8/2020 18:22

Crew Clothing has had real struggles relatively recently, it is on life support now, completely different business, I’m relieved you are not running WGB.

[netcurtains] 27/8/2020 16:09

deleted as probably not relevant

[bookbroker] 27/8/2020 13:08

Great, but this is a very small company compared to the likes of the luxury brands you are likely thinking of, overheads would go through the roof proportionately!

[netcurtains] 27/8/2020 10:12

Its not the "respectable" bit that is the problem. If you have a top notch brand like WILLIAM MORRIS - you need to promote it INDEPENDENTLY from stores who have all sorts of suppliers.
If you have one or two of your own stores (they could be franchises of course) you can create a sense of luxury brand. Burberry is a luxury brand because some stores (could be franchises) are totally given to the BRAND - they sell nothing else.

For some time its become apparent that luxury brands sell best if they have one or two of their own stores in prime locations around the world

[bookbroker] 27/8/2020 10:05

Also there are numerous respectable furnishing stores with their brands on offer, come to Harrogate, York or Ilkley and see for yourself.

[bookbroker] 27/8/2020 10:04

This company does not need to go out and start throwing money around, shareholders have suffered enough, three years ago this was knocking on the door of £3, where is your sense of prudence, designers know about the collections within this company, I prefer steady as they go.

[netcurtains] 27/8/2020 09:02

See this? A wallpaper supplier has got their prints on chocolate bars:


This is the time for dynamic marketing teams to get out and get selling..

[netcurtains] 27/8/2020 08:57

bookbroker: Good thing you don't do DIY. I quite casually put up wallpaper - anything from hand printed Timerous Beasties to bog standard white lining paper.
The BULK of all wallpaper sold including MID PRICE RANGE (That is WGB) is put up by hand of the buyer.
Especially young couples working from home.
No offence bookbroker but you should research more - I know a great deal about DIY... Just ask if you want to know something..


They definitely need their own showrooms if they want to expand the brand - especially in places where they currently have no major suppliers to muddy the waters. Like Apple Phones - it makes a HUGE difference to have your own stores.

[bookbroker] 27/8/2020 08:41

Good thing you are not running the company, did you not read the RNS, digitalisation of their samples, they need third party representatives in other regions, not a load of expensive showrooms. And their wallpaper is hardly a job for DIY, it is expensive and needs to be applied professionally.

[netcurtains] 27/8/2020 07:43

Looking at this list (from Trading update):

"
Walker Greenbank employs more than 650 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris and Dubai. "

There is room for quite a lot of expansion. I would like to see: Los Angeles, Hollywood, Delhi, Singapore, Berlin, Moscow, Beijing, Soul, Sydney, Toronto, Bangalore and Tokyo on that list.

[netcurtains] 26/8/2020 07:33

FT posts that DIY boom is not just in UK and Europe, it is also in WGB main sale area: USA..



If you work from home you have HOURS and DAYS more free time to decorate your house.

WGB products are in most of the glossy magazines every month.

WGB share price has been rising

However its still trading at near NAV value. This makes it, on paper, quite inexpensive for a top
notch luxury brand.

Cheers Net.

[studentinvestor13] 25/8/2020 22:05

This continues to look woefully undervalued and by a big margin. A luxury goods company could do worse than to price a bid at a 50-100% premium as they would still be buying quality brands at a discount price

[netcurtains] 25/8/2020 19:15

Homes and Antiques Magazine.
September edition.
William Morris Wallpaper (- from Style Library
(style Library is a website used for WGB brands)

"Acanthus"...

[netcurtains] 25/8/2020 15:57

Got my brother-in-law an arts and crafts birthday card. Yep William Morris designs are everywhere ....

[netcurtains] 24/8/2020 14:43

Price heading down a bit - taking a breather...

[netcurtains] 24/8/2020 08:55

In John Lewis Kingston yesterday afternoon. Footfall quite good and WGB brands (William Morris, Scion and Sanderson) in prime locations.

[netcurtains] 20/8/2020 10:14

yes its interesting. I can see how this stock could be strongly valued in Scandinavia and the USA - perhaps even more so than here.

[trt] 20/8/2020 10:10

Based on current NAV and with plenty of cash in the bank and sales holding up could easily see £1 level reached.