Yep I can't believe this price.
Looking to buy now |
Almost back to covid lows.
Ridiculous.
US business is booming.
P/E around 12 when historical was 20x. |
Whoever takes over the retail shops should do something novel. Probably best off closing a lot of stores at the lease-end and turning premium locations into bookshops with a little cafe. Waterstones and Foyles do okay. It seems like one of the few options they could do given how big they are.
I suppose if HMV get a few could work. |
I thought they were already in the USA essential and doing ok? |
WHS have land and property…̷0;share price not showing true value for me |
Just read the statement and the US market is key re the share price Concerns on their ability to replicate the success of their UK travel business stateside, have been the main depressing factor on the share price
In today's update, there is some evidence of trading (stateside) moving in the right direction. |
Not sure about that El |
Per post #661 should bounce today, the travel hubs are performing strongly and north American expansion underpins LfL growth, should be rated higher than SSPG IMO. Raise 100m from retail sale pays down debt and increases buybacks. All good. |
Good enough trading stmt this morning |
Solid trading at SSPG reported this morning, could be a big up day for them and read across to us. 5% rise today is my hope. Back on the up. |
Yes I thought that
I wonder if we own some of the properties? Prime locations I guess |
Daily Telegraph have an article on potential buyers. A Mr Putman owner of HMV is named. The article indicates a price tag of £100m. Presumably he will use the premises to sell vinyls but that would indicate that the on-going trade has no value? |
Hobbycraft interested in the shops I read |
When we’re on our holidays, price is the last thing on our minds. Convenience is key. High margins, solid revenue.
I wouldn’t be surprised to see us taken out |
Well I said..fleeting bounce.. |
SSPG trades on 14x versus 12x at WHS. clearly we need to see the value that can be extracted from a retail sale but i think there is upside here. A pure play travel outlet hub should be rated as high or higher than SSPG |
Trading update Wednesday I believe? |
More High street gloom when will it end. |
WH Smith they are depressing, expensive, poorly laid-out shops staffed by people with zero interest in the brand, service or profit. It’s been managed out of existence and it’s entirely their own fault..For years voted the worst customer service( Which magazine) on the high street.. Only fools queue to spend money.. |
Good move.
Will be interesting to learn who is interested in buying the shops? |
Truly global company now though with a large US presence. Even more so with this sale of UK high street shops. |
justice, many UK retailers have been de-rated sharply over the last 6 months - from Greggs to Marks to ABF (Primark) and Dunelm.
The current rating for SMWH looks about fair v the wider sector. Some at least fleeting bounce at the Monday open would expect. |
Shorts getting burnt Monday morning. |
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