Wickes Share Discussion Threads

[this_is_me] 25/7/2023 08:31

Hopefully the share price will soar from the current depressed level and they will not do the buy backs!

[elsa7878] 25/7/2023 07:46

Fairly upbeat statement from Howden's last week so I guess not a complete surprise, though inflation adjusted the figures would show a fall in sales.
Market cap now £337 million. Nice cash cushion. Post-tax profits £41.5 million mid-range. Interesting to see how committed they are to the buy back. Might be worth a trade on the back of that...

[thelongandtheshortandthetall] 25/7/2023 07:31

£25m in buy backs should have a reasonable effect on the share price
:)

[careful] 25/7/2023 06:59

Buybacks with surplus cash smart at this depressed share price.

It seems there is a buyers strike in the UK market so prices are permanently depressed.
No worries, the intrinsic value of this company is higher, we will be paid to wait.


Undervalued.

[muckshifter] 25/7/2023 06:46

That was one of the most informative, well written updates I've seen in a long time. It also indicated good business future planning, and dividend intentions, I liked it.

[this_is_me] 25/7/2023 06:40

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.

[this_is_me] 20/7/2023 09:49

It looks like the chart is starting to show the development of a double bottom with a target price of almost £2 - for those that use chart patterns.

[catabrit] 12/7/2023 13:09

I really hate scammy, scummy crypto posts like this and I hope ADVFN find a way of banning these scoundrels.

[philanderer] 12/7/2023 12:40

International building materials distributor and DIY retailer Grafton Group held annual guidance as first-half revenues rose 3.2% despite the cost-of-living crisis hitting volumes.


Sharecast

[scruff1] 24/6/2023 05:58

Love it. Just landed in here by mistake and by chance happened to read post 608 'they are often confused by which raw plug to use'. Im not quite sure who the poster is referring to but would just like to help clarify the apparent widespread confusion in Wickes over 'RAWL' plugs. Glass houses an all that !!! It must be the REAL Boris. Well flatten my sombrero

[lefrene] 23/6/2023 11:54

Rapier686, I've twice been in Wickes stores (2 different ones) in the past few days since this piece of ineptitude, and customers are not over concerned. The couple of people I have spoken to, see it as piece of idiocy and wonder how just a person this inept could land such a job. They use Wickes because of the prices and product range, just as I do. They're unamused, and hope it isn't repeated, which is also how I feel about it.

[rapier686] 23/6/2023 11:22

Wishing the company goes to hell because you don't like the political/social views of the COO is rather extreme.

Yes it was foolish and wrong for him to express them in his COO capacity. And I have emailed investor relations to remind them they're a business not a campaign group.

But this whole boycott a company because someone there had a bit too much lattitude and put a float in a parade or ran their mouth off is just as ridiculous on the other side of the coin. And being ridiculous it'll pass when a few showoffs have been seen to throw their toys out of the pram.

[lefrene] 23/6/2023 10:38

Boris, that sounds about as reliable as an architectural award in the 1960's.

Whatever outfit gives itself the power to make that award, just declared themselves unfit for purpose! Credibility thrown away, unless the award is just for theatrics, and not commercial success? A slot there for a real commercial Marketing award outfit to takeover. Plainly a lot of people live in a bubble.

[borisjohnsonshair] 23/6/2023 10:06

Bud Lite just won the annual award for best marketing. The awards taken over by the left. Marketing campaign wiped USD15B off MCAP and they get the prize for picking that pathetic skinny man, prancing like a twelve year old girl.

[lefrene] 23/6/2023 10:00

That COO should have been dismissed on the spot, plainly too stupid to see the damage that going 'woke' does to other businesses. This is supposed to be a person focused on delivering for shareholders and customers, and yet this clown thinks that loudly catering to a minority group that at best would be a tiny proportion of your client base, is good for business?

Could we please put all these loud far left minority groups on an island of their own, and leave them to their wonderful independence. Put in the TV cameras and watch the inevitable vanity driven meltdown. Netflix the "Planet savers, and easily Offended Snowflakes utopia and paradise". I guess the title would need some work :¬)


Quite seriously though, there's an awful lot of physcological damage being done to impressionable youngsters, as they have the idea that they don't have to adjust to reality, but that they are entitled to have reality adjust to their individual struggles.

[elongate] 23/6/2023 08:14

Be ready to discuss yours and the public view of those who identify as trans, with reasons why the company should discriminate against them, rather than support.
I presume you will have sold any shares you may have had, and will not darken their doors again.
When you next go to B and Q, be sure to ascertain their policy is trans exclusive, but I doubt they will have changed it to being so. That would be a mis-step for both KGF and Wix.

[creditcrunchies] 23/6/2023 07:36

I'm gonna complain to investor relations about this COO he's destroyed the business

[borisjohnsonshair] 23/6/2023 07:10

I agree with your sentiment however if they go bankrupt the staff, share holders and local customers suffer. It's the COO (not CEO) that needs to be accountable for his pathetic woke freak wronguns opinion. The CEO can sack the COO and of course the Board of Directors can and should act. It's their role to protect share holders and manage / control / dismiss the senior executives.

[bigt20] 23/6/2023 04:06

philanderer 20 Jun '23 - 12:14 - 606 of 612

--> But its not going away.........

[bilbosenior] 21/6/2023 06:17

Wickes...replace 1 vowel and delete 2 consonants and there you have it 'Woke'