Wickes Share Discussion Threads

[philanderer] 13/9/2023 17:30

Good follow through buying today post results.

[tole] 13/9/2023 06:51

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.

[wad collector] 12/9/2023 14:37

Trouble is , that capital paying shares (If you are lucky enough to have made many capital gains this year) also best in ISA as the CGT allowance has been lowered too.
In contrast , best to have taken your capital losses outside your ISA so you can offset them...

[philanderer] 12/9/2023 10:15

drf , that's a good point.

Happy to hold these.

[dunns_river_falls] 12/9/2023 09:39

Just need to make sure dividend paying shares are held in ISA / SIPP as the UK dividend limits per year have been cut right back. Just £1000 allowed now.

[creditcrunchies] 12/9/2023 09:28

Dividends from all my UK stocks have been huge in the past year or so, 50 percent higher than my annual average over the past 5 years long may it continue.

[this_is_me] 12/9/2023 08:06

Just steady progress, a large dividend and share buybacks. Management are alert to opportunities.

[brucethegoldfish] 12/9/2023 07:46

A steady as she goes set of interim results and latest trading update from Wix.

No particular red flags, trading in line with expectations, market opportunity remains, unchanged dividend, no debt, cash balance over 50% market cap, share buyback programme continues using excess capital.

[creditcrunchies] 12/9/2023 07:20

Dividend 3.6p positive guidance looking good

[creditcrunchies] 09/9/2023 13:24

it's changed on stocko as well now it was a copy and paste on up and coming events now says
Upcoming Events for WIX

Tuesday, September 12th 2023
Half Year 2023 Wickes Group PLC Earnings Release

[philanderer] 09/9/2023 00:17

CC , the WIX website says interims due on tuesday 12th

[creditcrunchies] 07/9/2023 19:13

Results on Monday I believe could be interesting
Monday, September 11th 2023
Half Year 2023 Wickes Group PLC Earnings Release

3.6p a share divi this time last year

[philanderer] 30/8/2023 09:37

Read across this morning..

(Sharecast News) - JPMorgan Cazenove trimmed its price target on shares of B&Q owner Kingfisher on Wednesday and placed them on 'negative catalyst watch' ahead of first-half results next month

[disc0dave45] 21/8/2023 14:35

Other sites I've just looked at do however indicate that eps FY24 will be circa 15.8p which looks better.Anybody got house broker forecasts?

[disc0dave45] 21/8/2023 14:28

Given they won't be capitalising dev spend on IT, I make 13.5p eps for this year (PE 9.7x). Stocko has a 36% reduction in eps for FY24, so possibly only 8.6p eps giving a PE of 15.2x which given the macros seems about right to me, am I missing something?.

[philanderer] 21/8/2023 12:27

Maybe sentiment hit by CRST profit warning ?

[philanderer] 11/8/2023 15:15

WIX the only blue one out of my twenty seven today.

[philanderer] 09/8/2023 15:05

Called in my local Wickes yesterday for some wood and a roll of felt . Very busy.

Could be with the housing market stalling people are once again returning to DIY home improvements ?

[dudishes] 05/8/2023 18:21

jubberjim,

In answer to your question yes.

RNS's 28/7 & 4/8 refer.

[jubberjim] 04/8/2023 18:16

Has anyone been monitoring the buy backs

Chickensh t

Left my sell at 140

Dic sh t market very few players even less interest will avoid in future

Mind much like rest of market

Nice dividend but very little interest

By the way pulled my offer will wait and hit

Good luck

[dudishes] 04/8/2023 15:26

Cheers Waldron.

Excluding the divi, we are almost break even!

[philanderer] 04/8/2023 14:35

Good run over the last couple of weeks .

[waldron] 04/8/2023 11:03

Wickes maintains full year outlook as DIY trend improves

By
Georgia Wright -
July 25, 2023


Wickes sees its half year profits exceed expectations after it benefited from a boom in Brits looking to improve their homes during Covid-19.

Wickes has posted an improved second-quarter performance with like-for-like sales up 3% compared with a 1.8% fall for the first quarter, as it maintained its full-year guidance.

The home-improvement retailer also has launched a £25m share buyback programme to return “surplus cash” to shareholders, based on its strong balance sheet and business performance.

Chief executive David Wood said its strong performance was “underpinned by further momentum in Trade, as local traders continue to turn to Wickes to save them time and money, an improving trend in DIY, and a good performance in Do-It-For-Me.”


Core life-for-likes sales were ahead by 2.3% in the second quarter, with categories such as decorative and construction performing well and outdoor projects benefiting from a normalisation of weather patterns.

The business said click and collect sales also “performed particularly well”, growing by 5.6%, reflecting the service improvements made to its proposition.

Wood added: “As we continue to make progress across our strategic growth drivers, we are confident in the Group’s prospects for both the remainder of this year and the longer term.”

Earlier this month the retailer faced a boycott after its chief operating officer Fraser Longden said shoppers with trans-critical views are “bigots” who “are not welcome in our stores”.

Speaking at Pink News’ Trans Summit, Fraser Longden said: “I don’t think I’m ever going to change some of the bigots out there’s minds, I’m never going to win that argument with them.”

He claimed most of the population was “sort of slightly ignorant but mostly kind” when responding to a question on last year’s attempt of a boycott by campaigners surrounding Wickes’ Brighton Pride float.

Longden’s comments caused an angry backlash online, with #boycottWickes trending on Twitter.


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