Wickes Share Discussion Threads

[johnwise] 18/6/2023 05:24

VIDEO

Mark Dolan: Wickes is another example of a corporation drunk on the Kool-Aid of woke ideology.

[t-trader] 17/6/2023 09:33

The statement by the COO was actually made last month.

The video was recently dug up by campaigner James Esses and then distributed to media organisations to stir up a frenzy.

Well whatever happens it won’t stop me shopping at Wickes, although the COO was stupid to say what he did and at minimum should clarify his comments and apologise.

People will shop where they get the best deals at the end of the day. If I see a product cheaper at Wickes than B&Q then that’s where I go and vice versa.

Crazy world these days, free speech is no longer. Say one wrong word and the looney brigade jump on it and turns it into mass hysteria.

Best tip these days is keep your mouth shut and opinions to yourself as you don’t know who’s listening in or videoing you. What a sad place the world is becoming!

[steveberyl] 17/6/2023 09:23

Looks like a time to sell before the BOYCOTT LOOMING really starts to bite.

Why Ratner types need to OPEN THEIR mouth is beyond me.

"UK SHOPPERS ARE IGNORANT" How clever is that ?

[little beaker] 17/6/2023 06:41

@CCNP, agree with that - over the years I've been investing, I steer well clear of companies that are apparently growing and acquiring simultaneously, unless it's clear that the acquisition serves a genuine purpose such as vertical integration. Statistically, these companies are likely to underperform.

It's too easy to puff up the bottom line while having "one-off" exceptionals in these circumstances, as well as deceiving on growth. When the spree ends and the music stops, all too often you find a low margin, poor quality, basket case of a business.

[essentialinvestor] 17/6/2023 06:09

TP has a decent longer term record, all be it is a cyclical.

What I would be less sure on now is their arguably aggressive expansion in France and
will that pay off.

[ccnp] 17/6/2023 05:54

True. But don't forget Terry Smith's maxim that acquisition destroys value. TP set out to buy everything in sight and overpaid for much of it.

And every time you acquire/divest something big, you get to restate your accounts and the accountants can make up the numbers you need to look good.

Some well known larger than life people make a habit of it. They are worth avoiding in your longer term pension plan.

[philanderer] 16/6/2023 23:27

Re Travis Perkins profit warning friday..

Russ Mould, investment director at broker AJ Bell, said: 'During the pandemic, countless households splashed the cash to do up their property.

'Sadly, we've got to the point where interest rates have gone up so much, so fast, that many homeowners can no longer afford home improvement projects.'

TPK -6.7%

WIX -3.4%

KGF -1.1%

[philanderer] 16/6/2023 23:12

'comments were taken out of context'

FWIW

[creditcrunchies] 16/6/2023 18:53

Problem being trades people that they're trying to encourage to use Wickes as a supplier think do not embrace this nonsense at all a lot of them are appalled to such an extent they're going elsewhere. Well done Wickes what'll happen is this company will end up get taken over with the board sacked.

[philanderer] 16/6/2023 18:46

A Wickes spokesperson told InternetRetailing: “At Wickes, we are proud to be an inclusive home improvement employer and support the LGBTQ+ community in its entirety.

“We are committed to building a workplace and culture where all colleagues can feel at home.”

[dancing piranha] 16/6/2023 18:06

Oh dear, the Wickes boss has got involved with all the woke nonsense... he obviously didn't see what happened to Bud Lite!! Clueless idiot....

[richpassi] 16/6/2023 16:20

Well I wanted a new kitchen sink and taps , got the last one's from Wickes .......guess I won't be going back there again! Live and let live but extract the urine out of your customer base and pay the consequences. Gerald Ratner was a lesson to learn. Feel sorry for investors:(

[t-trader] 16/6/2023 16:04

Defo needs to be sacked, what an idiot!

[yf23_1] 16/6/2023 15:54

CEO needs to be sacked, he's there to make profit for the shareholders not to use the business as his personal mouthpiece.
This is uninvestable now.

[lennonsalive] 16/6/2023 15:42

Responding to the threats of a boycott during the summit, Mr Longden reportedly said that 90% of the population are "sort of slightly ignorant but mostly kind position".He went on: "The other ten per cent you know, they're just hot air and they will go and buy a tin of paint in the nearest place to them."That might have been us before, it might not be us afterwards - and equally, if they do come in and buy a tin of paint and behave that way, they're not welcome in our stores anyway."

[wynmck] 16/6/2023 15:27

if you google why boycott wickes scroll down to the daily mail link

[mjneish] 16/6/2023 14:22

Out of interest, would someone be kind enough to post the actual comment verbatim? I haven't been able to find it. Thanks.

[my retirement fund] 16/6/2023 13:32

He was talking about car parking spaces in the car park! Jeez.

[lennonsalive] 16/6/2023 13:26

Shoppers want a available quality stock at a good price, not being told they are bigots

[sirshagalot] 16/6/2023 11:42

So a DIY company decides what you should think huh?, what about the general public telling wicks what we think.
wives and girlfriends will put a word in mans ears, you goto wicks no NOOKY!

[essentialinvestor] 16/6/2023 11:20

Whatever your view on trans issues, that was an extraordinarily stupid statement
to make about customers.

[philanderer] 16/6/2023 10:15

16th Jun 2023 11:00

(Alliance News) - Builders' merchant Travis Perkins PLC warned of lower annual profits on Friday, dragging down London-listed peers and housebuilders in a negative read across.

Shares in Travis Perkins slumped 5.7% to 817.60 pence each in London on Friday morning. Over the past 12-months, the stock is down 18%.

London-listed housebuilders struggled on the back of the update. FTSE 100-listed housebuilder Barratt Developments lost 0.7% and DIY retailers Kingfisher and Wickes PLC lost 1.3% and 4.3%.

"Travis Perkins' warning caused ripples across housing-related companies on the stock market, with select housebuilders, DIY retailers and building materials suppliers falling in sympathy," said AJ Bell Investment Director Russ Mould.

Davy Research said that given the size of Travis Perkins size, with annual revenue of about GBP5 billion, virtually all generated in the UK, the updates "will naturally carry a wider resonance".