Wickes Share Discussion Threads

[philanderer] 05/8/2022 14:41

770k printed so far.

Hopefully a base being formed here around 130p - 133p

[creditcrunchies] 05/8/2022 12:11

Last year they declared the dividend on 16th September so we'll know soon

[pete160] 05/8/2022 11:23

The language of your post tells me far more about you than it does about Wickes.Filtered

[philanderer] 05/8/2022 09:55

Morning all.

Groundhog day , and another -2p

[philanderer] 04/8/2022 23:52

EI, Liz has other ideas ;-D


"Liz Truss insists Bank-predicted recession is ‘not inevitable’"

[essentialinvestor] 04/8/2022 14:26

phil,recession looming. Would not be surprised to see KGF sub £2.

[philanderer] 04/8/2022 14:01

Relentless fall.

Now around an 8.2% yield if they pay an unchanged dividend.

[creditcrunchies] 04/8/2022 08:56

I thought that once about PETS when that hit 110 then proceeded to hit 500 just 3 yes later.

[philanderer] 03/8/2022 15:17

Need a good pair of binoculars to see Liberum's 360p price target they came out with last week ;-)

[creditcrunchies] 03/8/2022 12:52

Quite a difference on current yields Wix is currently8.2% whereas Kgf is 4.97%.

[elongate] 03/8/2022 11:12

Nothing complicated there. Market share will be important.
And if I have it right, though not posting there very recently, you are, or were a KGF shareholder. Not Wix.

[essentialinvestor] 03/8/2022 10:59

Keep it simple - we are heading for recession with disposable incomes under pressure.
How much of that is already in the price is the question..
however would doubt we are at the trough of sector earnings downgrades.
No one has a crystal ball etc.

[chc15] 03/8/2022 10:57

Yeh, I've been in the industry, they are works of fiction.

[careful] 03/8/2022 10:50

chi
your comment is noted, but the you ruin it by saying 'trust me'.

who could ever trust anyone who says that?

[chc15] 03/8/2022 10:43

Please ignore these analyst notes, they are pure trash, trust me.

[careful] 03/8/2022 10:42

Maybe they think that KGF is overvalued and Wix undervalued.

The simple explanation is often the best.

[elongate] 03/8/2022 10:34

Analysts cannot necessarily be relied upon - but I give them some credit. It may yet come, but WIX in recent times has not received anything other than a buy rec.
And the institutions, have decided to short KGF heavily, nothing on Wix. There must be at least something in that, don’t you think?

[essentialinvestor] 03/8/2022 10:15

KGF odds on to reduce FY '22 guidance on their next update.

That being said Kingfisher stayed profitable even through the GFC,
but it's shares tend to get floored in downturns.

[elongate] 03/8/2022 10:07

Such forecasts will certainly focus managements minds on the competitive nature of their cost base, offerings and market share. Say vis a vis B and Q Kingfisher.

[essentialinvestor] 03/8/2022 09:28

Look at the NIESR forecast today on the UK economy, it's dire.

[philanderer] 03/8/2022 09:25

Early read across from Soc Gen's downgrade of KGF to 'sell'

[creditcrunchies] 02/8/2022 18:04

It's the BoE rate hike this week, a case of sell now think about it later. On the flip side Wickes has weathered many recessions in the past. From my perspective if jobs need doing on the house they get done. I know the place we're buying we need to do quite a bit of work to get it up to scratch, the mortgage is locked in at low rates.

[philanderer] 02/8/2022 16:01

1.2 million shares traded , mainly dumped going by the shareprice.

Depressing.

[nickrl] 02/8/2022 12:41

There is a much higher degree of uncertainty currently in the economic outlook from the massive increase in the energy cap which is unlikely to ever be dialed back as its being used as a cover to accelerate net zero which will just cost us more. Then you have inflation spike which is creating 2nd & 3rd order impacts that will take 18-24ths to cascade through affecting their purchasing. Also central banks can't ignore inflationary threat and thats why we are seeing rate rise despite threat of recession. Furthermore QE has run out of road as its skewed the economy on asset inflation and leaving wide disparity between those with and without. All this will weigh on DIY spending but not eliminate it but WIX have a high cost base that even a small drop off in revenue soon neutralises profitability. So a rocky road for 12-18mths for them to navigate but agree share price has baked a lot of that in here already.