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WIX Wickes Group Plc

150.80
-3.00 (-1.95%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wickes Group Plc LSE:WIX London Ordinary Share GB00BL6C2002 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.95% 150.80 1,458,491 16:35:15
Bid Price Offer Price High Price Low Price Open Price
150.00 151.20 155.00 149.40 155.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 1.56B 31.9M 0.1230 12.20 388.87M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:13 O 2,734 150.472 GBX

Wickes (WIX) Latest News (1)

Wickes (WIX) Discussions and Chat

Wickes Forums and Chat

Date Time Title Posts
27/3/202415:39Wickes plc747

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Wickes (WIX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 17:28:13150.472,7344,113.90O
2024-04-24 16:48:45150.921,5412,325.60O
2024-04-24 16:45:59152.51116176.91O
2024-04-24 16:45:59152.191421.31O
2024-04-24 16:11:44150.206699.13O

Wickes (WIX) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Wickes Daily Update
Wickes Group Plc is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker WIX. The last closing price for Wickes was 153.80p.
Wickes currently has 259,246,169 shares in issue. The market capitalisation of Wickes is £388,869,254.
Wickes has a price to earnings ratio (PE ratio) of 12.20.
This morning WIX shares opened at 155p
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 01/3/2024 00:06 by creditcrunchies
They did well with their share buy back programme average price of 135.5p with almost 10 million shares cancelled. They've still got another 12.5 million pounds left to buy back even more shares which is expected to commence soon after their results
Posted at 26/1/2024 07:08 by t-trader
Trading Update

Wickes Group plc - Trading Update for the 52 weeks to 30 December 2023
Full year LFL sales in line with prior year;
Adjusted PBT expected at upper end of consensus range

Wickes Group plc ("Wickes" or "the Group"), the leading home improvement retailer, today provides a trading update for the 52 weeks to 30 December 2023.

Full year Group LFL sales of -0.3% were in line with prior year. Cash at the year end was £97.5m after £10.1m of share buybacks, in line with guidance, reflecting strong cost and stock control. Given our working capital cycle, average cash across the year was £155m.

Adjusted PBT for FY23 is expected to be at the upper end of market consensus range of £44.9-£48.3m on a post-IAS38 basis.
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 02/11/2023 14:33 by wad collector
I often buy materials from Wickes rather than the TP type builders merchants because I think they are much easier to price , you don't get all the BS about trade rates , have you got an account and "I'll just check". The prices are visible and VAT inclusive so easy to calculate.
The 10% trade-pro discount is nothing like the big discrepancy that there used to be at places like TP. They had a list of invisible prices that you had to blag about wanting trade rates for .
Mind you there are a lot of things I wouldn't buy at Wickes, like plumbing fittings and fasteners, but enough DIYers obviously do.
As long as Wickes stay in the groove between cheap and nasty B&M type stuff , and expensive specialist trade counters , I think they remain in a good niche. The tool market is a competitive one which is difficult to expand I suspect, and the own brand stuff, even if it is well made is never going to get the same prices as the big names.
I am happy to hold here.
Posted at 21/10/2023 17:29 by jubberjim
Have been previously invested in Wickes was looking again but the fall of in sales and subsequent fall in share price of the house builders such as Taylor wimpey Barrat developments and persimminon has told me to hold back for the time being

The ongoing share buyback has disguised what could be a fall in the share price but as is not widely traded covers a multitude of sins

Will continue to wait and watch as expecting contraction of shares across the board as the fear factor creeps back in

Take care and stay solvent

Tricky times ahead
Posted at 13/9/2023 06:51 by tole
Peel Hunt: Wickes is 'extremely cheap'Building supplies retailer Wickes (WIX) is 'extremely cheap' and should be helped by softening price inflation, says Peel Hunt.Analyst Sam Cullen reiterated his 'buy' recommendation and target price of 170p on the stock, which gained 2.7%, or 3.7p, to 142.2p after half-year results on Tuesday.First-half performance was in line with expectations, with stronger 'do-it-for-me' sales offsetting a marginal decline in core sales. Expectations for the year are unchanged, and profit before tax consensus stands at £45-48m.'Wickes continues to perform well in what are tough markets,' Cullen said. 'Trade performance is better, supported by the group's low-cost offer and differentiated TradePro offer, while conversion in do-it-for-me is excellent.'Cullen said price inflation 'should continue to soften in the second half, which should help support volumes'.'The shares remain extremely cheap, trading on seven times cash adjusted shareholder return,' he said.
Posted at 25/7/2023 07:40 by this_is_me
It looks like trading is doing all right.

Given the low share price, the share buybacks, using cash on the balance sheet, was an excellent idea. It also should make the dividend payout more affordable, although reducing the dividend in favour of more buybacks and investment in the business would also have been a good idea. They were probably afraid that reducing the dividend would cause another fall in the share price.

I'm pleased with my investment here, made at the end of last year.
Wickes share price data is direct from the London Stock Exchange

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