Wickes Share Discussion Threads

[philanderer] 07/3/2024 12:23

Oh dear :-(

[albert35911] 05/3/2024 16:13

They will start buying back some more soon.

[philanderer] 05/3/2024 10:11

Read across from Travis Perkins sh1te results

[creditcrunchies] 01/3/2024 00:06

They did well with their share buy back programme average price of 135.5p with almost 10 million shares cancelled. They've still got another 12.5 million pounds left to buy back even more shares which is expected to commence soon after their results

[creditcrunchies] 01/3/2024 00:00

It says Tuesday 19th March on up and coming events

[philanderer] 26/2/2024 16:07

Results day last year was the back end of march.

[prokartace] 26/2/2024 15:56

167p would fill the gap created on 26/7/22 after the awful trading update. May be the level to take profits

[philanderer] 26/2/2024 15:29

Best one of my sorry looking lot today.

[this_is_me] 16/2/2024 16:46

Now above the critical 160p on the chart.

[philanderer] 01/2/2024 10:10

Talk of interest rate cuts now not until the summer.

[albert35911] 01/2/2024 08:37

Probably drop back 15p between now and next buy back.

[albert35911] 26/1/2024 11:06

Sp went up as well,that makes a change.

[philanderer] 26/1/2024 10:40

Nice surprise this morning :-)

[creditcrunchies] 26/1/2024 10:33

They used to have margins over 5% it's just recently they got thinner due to housing market slow down. Once that bounces back the margins should recover to the norm

[wad collector] 26/1/2024 08:54

Good TU and, even in today's critical market, it is being well received.
I am reminded , looking at £1.5B turnover and maybe £48M profits, what narrow margins they trade on. Maybe not unusual for retail, but 3% doesn't take much of an unexpected cost to thump the profit. But the opposite is true too of course.

[spawny100] 26/1/2024 08:32

Nice breakout on chart finally

[this_is_me] 26/1/2024 07:38

It looks like there is slow, steady progress and an ability to pay out a large dividend while making investment in the business.

[t-trader] 26/1/2024 07:08

Trading Update

Wickes Group plc - Trading Update for the 52 weeks to 30 December 2023
Full year LFL sales in line with prior year;
Adjusted PBT expected at upper end of consensus range

Wickes Group plc ("Wickes" or "the Group"), the leading home improvement retailer, today provides a trading update for the 52 weeks to 30 December 2023.

Full year Group LFL sales of -0.3% were in line with prior year. Cash at the year end was £97.5m after £10.1m of share buybacks, in line with guidance, reflecting strong cost and stock control. Given our working capital cycle, average cash across the year was £155m.

Adjusted PBT for FY23 is expected to be at the upper end of market consensus range of £44.9-£48.3m on a post-IAS38 basis.

[philanderer] 23/1/2024 14:46

Glass ceiling at 145p ;-)

[albert35911] 17/1/2024 17:07

Not much of attack spawny

[mjneish] 16/1/2024 19:31

The market could be waiting for the trading update this month. Last year it was on the 31st.

[spawny100] 05/1/2024 16:10

Significant increase in volume so far this year. Bodes well for an attack on 150+ finally?

[dudishes] 02/1/2024 15:18

Out for now, remain watch list.

cheers

[eigthwonder] 30/12/2023 16:37

Deutschebank research is now more relevant than you think - that is the new home of Numis who had good coverage in the sector (although my spies suggest there may have been departures recently).

[montyhedge] 30/12/2023 14:39

We are looking for a new kitchen, that's Wickes crossed off the list for me.