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WIX Wickes Group Plc

155.10
0.90 (0.58%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Wickes Group Plc WIX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.90 0.58% 155.10 16:35:18
Open Price Low Price High Price Close Price Previous Close
150.70 150.70 155.60 155.10 154.20
more quote information »
Industry Sector
HOUSEHOLD GOODS & HOME CONSTRUCTION

Wickes WIX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
12/09/2023InterimGBP0.03628/09/202329/09/202303/11/2023
23/03/2023FinalGBP0.07320/04/202321/04/202307/06/2023
15/09/2022InterimGBP0.03629/09/202230/09/202204/11/2022
25/03/2022FinalGBP0.08821/04/202222/04/202208/06/2022
16/09/2021InterimGBP0.02123/09/202124/09/202101/11/2021

Top Dividend Posts

Top Posts
Posted at 26/3/2024 11:42 by wad collector
Still showing a healthy profit though divi only covered 1.1X but I also worry about the narrow margins in the sector; bit vulnerable. This yr was 4%.
Posted at 20/3/2024 09:51 by philanderer
Liberum admits buying Wickes was the wrong call


Liberum has downgraded Wickes (WIX) as it admits buying the stock since the demerger was wrong.

Analyst Adam Tomlinson downgraded his recommendation from ‘buy’ to ‘hold’ but kept the target price of 165p in place on the Citywire Elite Companies plus-rated trade and DIY supplies retailer, which fell 1.8% to 147.3p on Tuesday.

There were ‘no surprises’ according to Tomlinson in the full-year 2023 results which was ‘a solid outcome’ and the acquisition of a small energy solution business was a ‘step in the right direction but profit margins are thin in the solar panels space’.

‘This deal together with the resumption of the share buyback are sensible uses of cash,’ said Tomlinson. ‘

‘On trading, it is tough and we expect a tough start to the year and with our bottom-of-the-range numbers, we leave these unchanged for now.’

Tomlinson said he prefers Victorian Plumbing in this space thanks to the ‘numerous catalysts’ on offer.

‘We have been buyers of Wickes since demerger and acknowledge this has been the wrong call,’ he said.

‘So until positive catalysts become visible, we cautiously move Wickes to a “hold” and recommend a switch to Victorian Plumbing, the leading bathroom specialist in the UK, where growth rates and margins are far superior.’


citywire.com
Posted at 20/3/2024 00:15 by philanderer
Panmure downgrades Wickes profit guidance due to cost pressures


Wickes Group PLC (LSE:WIX) “continues to demonstrate an ability to take market share in its Local Trade and DIY verticals”, but persistent cost pressures have forced analysts at Panmure Gordon to downwardly revise the home improvement retailer’s profit guidance for the year ahead.

Panmure now expects Wickes to finish with £43.6 million in profit before tax, down from prior guidance of £47 million.

It follows Wickes’ annual results call on Tuesday when the group posted flat revenues and a marginal increase in PBT.

Panmure’s forecasts, however, do not capture the proposed acquisition of Solar Fast announced today.

“Wickes now trades more in line with the non-food retail sector and offers a 7.3% dividend yield. We believe its operational gearing presents an opportunity to play consumer demand recovery over the course of the year,” said Panmure analysts.


proactiveinvestors.co.uk
Posted at 19/3/2024 18:18 by creditcrunchies
Results look good to me they've maintained the dividend, net profit margin up, large share buy back programme, strong cash position. Better than a lot of other UK companies in an awful economic climate
Posted at 26/1/2024 07:38 by this_is_me
It looks like there is slow, steady progress and an ability to pay out a large dividend while making investment in the business.
Posted at 07/11/2023 10:38 by philanderer
Deutsche more cautious on Wickes amid spending squeeze


Deutsche Bank is becoming increasingly cautious on the outlook for DIY and trade supplies chain Wickes (WIX) as it says ‘big-ticket sales’ will ‘finally face reality’.

Analyst Adam Cochrane retained his ‘hold’ recommendation but reduced the target price from 160p to 145p on the Citywire Elite Companies + rated stock, which slid 4%, or 5.25p, to 125.25p on Monday.

‘We have had a cautious view since early 2023 given our concerns on the outlook for UK consumer spending and the fading benefit from inflation on revenue growth,’ Cochrane said.

‘The big-ticket spending has held up better than expected in the first half but has moved into negative territory in the third quarter as consumer behaviour better reflects the underlying data points on consumer confidence and housing transactions.’

While third-quarter results reassured Cochrane on the 2023 profit before tax, he lowered his profit forecast for 2024 by 10% to £49m and by 15% to £60m for 2025 as he took ‘a more cautious view’ on trends.

‘We lower our target price to 145p and retain our ‘hold’ recommendation, as – despite being on 9x full-year 2024 price/earnings – we need to see more positive earnings momentum before becoming more constructive,’ said Cochrane.



citywire.com
Posted at 25/10/2023 13:10 by albert35911
Take it easy Wix you have popped your head above the red line.
Posted at 21/10/2023 05:15 by albert35911
If the latest storms are of no use to Wix,then they are doomed.
Posted at 12/9/2023 06:46 by brucethegoldfish
A steady as she goes set of interim results and latest trading update from Wix.

No particular red flags, trading in line with expectations, market opportunity remains, unchanged dividend, no debt, cash balance over 50% market cap, share buyback programme continues using excess capital.
Posted at 06/9/2022 15:58 by elongate
Without the company advising differently, is it not fairly straightforward?

Dividends
The Company may by Ordinary Resolution declare dividends in accordance with the respective rights of the members, but no dividend shall exceed the amount recommended by the Directors.

Dividend policy
Wickes is a strongly cash generative business and the Board recognises the importance of balancing investment in the business with dividends to shareholders. The Board intends to adopt a progressive dividend policy and currently expects to start with a dividend of 30 per cent. of adjusted profit after tax in respect of the full financial year ending 1 January 2022, split approximately one-third and two-thirds between interim and final dividends, respectively.”

A progressive dividend policy is one where the dividend is expected to rise at least in line with increases in earnings per share. However, if earnings per share falls, the dividend will not be reduced.

So 30% of adjusted profit after tax. The dividend was enhanced by 10% last year, and that may change.

Future thoughts. “ Where the business generates cash in excess of that needed to maintain a strong balance sheet, fund investment for growth and once the ordinary dividend has been met, the Board may conclude that it has surplus cash. Were this to arise, there is currently a preference to return this surplus cash to shareholders via share buybacks or special dividends.”

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