Share Name Share Symbol Market Type Share ISIN Share Description
Walker Greenbank LSE:WGB London Ordinary Share GB0003061511 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.35% 143.00p 140.00p 146.00p 143.00p 143.00p 143.00p 7,415 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 92.4 7.0 8.6 16.7 99.46

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Date Time Title Posts
09/2/201811:17Walker Greenbank - The sensible thread3,324
22/8/201413:12BUY AND HOLD IN Walker Greenbank (WGB) according to TipTV-
16/7/201317:23WALKER GREENBACK ...The Fashion Thread.14
27/10/200815:33Walker Grenbank best short !192
10/4/200819:45Walker Greenbank856

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Walker Greenbank (WGB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-20 17:10:47140.0063,23188,523.40O
2018-02-20 15:52:33144.502,3753,431.88O
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Walker Greenbank Daily Update: Walker Greenbank is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker WGB. The last closing price for Walker Greenbank was 143.50p.
Walker Greenbank has a 4 week average price of 122.50p and a 12 week average price of 119p.
The 1 year high share price is 244p while the 1 year low share price is currently 119p.
There are currently 69,551,678 shares in issue and the average daily traded volume is 60,287 shares. The market capitalisation of Walker Greenbank is £99,458,899.54.
trt: The share price should be back over the £2.00 level bearing in mind profits have actually increased by 17% over last year. Heavily oversold, plenty of money to be made here for those getting in at these low levels.
doubleorquits: Broker update this morning from N+1 Singer: Walker Greenbank has confirmed that repairs to the Anstey factory printing machine that was affected by the fire 4 weeks ago are progressing, and it will be up and running again in early Q1 FY19. Insurance will cover the repair/replacement costs, and there will be no loss of profit (just a deferral from Q4 into Q1). The deferred printing revenue is expected to be of the order £1m and the profit shift will be about £0.4m. We have altered our forecasts accordingly, from £12.8m to £12.4m in Jan18 and from £13.5m to £13.9m in Jan19. The fact there is no further update on trading indicates performance since the warning 8 weeks ago has been in line with downgraded guidance. Given where the share price has dropped to after a 40% fall to 140p (vs 12% downgrade), the P/E is now sitting at just 9x. This looks to be significantly oversold and so today’s news ought to be well received and see the shares regain some ground. The FY pre-close will provide more details on subsequent UK and overseas trading in 4 weeks time.
trt: No but you have got to get realistic clearly don't know the business here. Soon the MMs will mark this up and all those that have sold will be kicking themselves. I have seen this so many times the MMs getting stock on the cheap and then everyone scrambling to get a piece of the action once the price rises quickly. I will take advantage at these levels which a bigger dividend and share price growth.
trt: Yes the company at this share price level is a takeover target but like to think it can remain independent as it has huge potential with ever increasing overseas sales and licensing income.
slopsjon2: Edison Note Order variability was referenced in H1 results, but latterly intake patterns have weakened. This has affected UK premium brands, following through into manufacturing activity also. We have reflected this in lower earnings estimates (c 10% for this year and next, with a smaller reduction for FY20) ahead of greater clarity on consumer behaviour in this segment. This news has been received harshly – judging by a sharp negative share price reaction – but feels overdone in our view.
trt: alter ego,I take it you are still a long term holder ? Well yes it's a straight forward 10% reduction in profits and EPS not complicated. However It's the success of Clark and Clark that is the continued attraction along with increasing overseas sales. Reliance on UK sales is becoming less important and rightly so. Got to invest here at these cheap levels for the future and not so much for the present. As you know investing is not for the short term if money is to be made. The dividend whilst not setting the world alight increases every year by at least 20% and I am happy with that and with overseas sales powering ahead and licensing deals increasing by at least 15% year on year I am comfortable holding and as I say taking advantage of the current oversold share price.
trt: Well he probably is investing his fund money, wait for the RNS. I said the share price reaction was overdone and clearly brokers agree with me.
owenski: "WH Ireland analyst John Cummins believes the share price reaction is overdone" Does he now? Well maybe he can put his own money into it then.
trt: WH Ireland analyst John Cummins believes the share price reaction is overdone and has retained his 'buy' recommendation on a 12-month view with a target price of 245p. With the shares currently at 150p, that implies potential upside of 63%.He said: "Whilst this morning's news is clearly disappointing and the consumer environment is likely to remain challenging for some time, we believe Walker Greenbank remains strategically well positioned in its markets."Cummins points to the estimated 40% of sales generated overseas, with Walker Greenbank continuing to attract strong interest thanks to its "Made in Britain" products. Printed fabrics for all of the brands are manufactured in Lancaster at the Standfast & Barracks factory.In addition, there's continued strong growth in licensing income after the company said it was on track for a 15% rise on a like-for-like basis in the current financial year.The group also benefits from a strong balance sheet and an improving dividend yield, which is forecast by WH Ireland to grow to 4.4% in 2020 from the 2.3% achieved in 2017.In the meantime, Cummins has reduced 2018 revenue forecasts by £6.8 million to £108.2 million as a result of today's warning. This results in full-year pre-tax profit forecasts moving £1.4 million lower to £12.7 million and EPS slipping 10% to 14.1p.
trt: Yes but the drop in the share price doesn't correlate to the 10% drop in profits and certainly doesn't take into account the 15% increase in licensing profits or other overseas markets that are continually growing profits. With Clark and Clark powering ahead and as mentioned in the statement today this 10% drop doesn't include C&C. The share price is oversold that's my point but it is common for MMs to manipulate the price on such occasions.
Walker Greenbank share price data is direct from the London Stock Exchange
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