Wickes Share Discussion Threads

[sidam] 28/1/2025 14:08

They mean full and audited accounts.

[wad collector] 28/1/2025 13:23

Slightly confused by this bit
"We expect to report full year results for the period ending 28 December 2024 in the second half of March 2025" and yet first table shows the FY figures on RH column.

[hamhamham1] 28/1/2025 11:08

Yeah, look for companies with low PEs and low debt, a divi is a bonus.
There's plenty out there!

[sidam] 28/1/2025 10:21

Bought recently as I was looking for value investments. This seemed to fit the bill assets and dividend. Wey happy so far. I think it is the turn of value investments to outperform.

[spawny100] 28/1/2025 08:31

Can't buy in auction

[hamhamham1] 28/1/2025 08:20

Lovely, up 10%

[hamhamham1] 28/1/2025 07:27

Nice update :)
GLA holders.

[this_is_me] 28/1/2025 07:26

A positive update today with profit on the up.

[lancasterbomber] 18/1/2025 09:18

2 million trades on Friday including one of 500,000

[wad collector] 17/1/2025 22:01

Big article in IC this week tipping WIX FWIW.
The weak profits and narrower margins reflect a subdued demand in the face of substantial material inflation during lockdown in a competitive market. They point out that with the closure of Homebase , Wilko and Carpetright they may benefit. Can't see much relevance to the latter two myself .There are still plenty of other supermarket type outlets that do some DIY stuff.
The Tradepro division is increasing so maybe that will become a more dominant part of the store, though the "do it for me" demand has been weak.
The house broker forecasts a 15% slide in pre-tax for 24,though predicts a rise in 25 and beyond.
With prospective yield of 7.4% covered about 1.2X they acknowledge there is risk but they also point out that it is a cash rich business with no debt and even though it has big leases, it might be attractive to a private equity firm.
Might add a few myself before results.

[buoycat] 03/1/2025 11:16

Interesting looking chart. Anyone have any thoughts on what it could mean?

[this_is_me] 19/12/2024 22:33

... or just undervalued, or insider trading in advance of the update.

[wad collector] 19/12/2024 18:54

Been blue amongst the red last couple of days. The next TU won't be out for another month, is there some momentum here , or just noise?

[outlawinvestor] 10/12/2024 06:53

What is The Santa Rally And Should I Invest in UK Stocks Now?

hxxps://www.morningstar.co.uk/uk/news/258193/what-is-the-santa-rally-and-should-i-invest-in-uk-stocks-now.aspx

WIX highlighted

[this_is_me] 03/10/2024 07:34

ex div today 3.6p

[wad collector] 27/9/2024 21:58

Xd 3.6p next week.

[creditcrunchies] 17/9/2024 06:32

Kingfisher reporting similar results to Wickes basically holding flat ready for recovery in 2025. Consumers holding back on big ticket items their spending is on general maintenance products

[wad collector] 12/9/2024 09:29

Sadly still a fair bit off that 250p price. I suppose that it was demerged at a bit of a peak in the sector. Travis Perkins was about £15.50 at that time and is now worth just over half that. It's current price is about the same as 20 yrs ago, so not in a good place either.

[this_is_me] 11/9/2024 09:32

At this rate they couold reach the IPO price.

[hamhamham1] 11/9/2024 07:09

Two quid Christmas prezzie here?

And, even in the 170s, it's still over 6% divi!

[creditcrunchies] 11/9/2024 06:17

It looks like their margins have improved a tiny amount and their guidance is more positive, they've maintained the dividend and they're buying back a lot of shares. Their stores around here look busier so they're well placed if this sector recovers. I still think these could go over 200p

[wad collector] 10/9/2024 07:54

The interims are a bit of a mixed bag, I am surprised that this critical market has not looked negatively at them. Glad to be surprised!

[hamhamham1] 10/9/2024 07:35

Nice move today, still approx 6% divi, bargain.

[blueball] 31/8/2024 06:15

hxxps://www.ii.co.uk/analysis-commentary/stockwatch-time-back-high-yielding-small-cap-ii532711

[creditcrunchies] 29/8/2024 17:34

These should go over 200p as this sector is gathering momentum now