Wickes Share Discussion Threads

[wad collector] 31/7/2024 07:33

The market seems to like it this morning though ultimately it is "in line". Hopefully we will see 160 breached soon.

[t-trader] 31/7/2024 07:05

Decent update

[albert35911] 26/6/2024 15:49

Next stop 1.30p

[albert35911] 07/6/2024 14:46

No shares bought back today

[albert35911] 06/6/2024 14:55

Get it back above level please

[creditcrunchies] 06/6/2024 10:13

These dividends are lovely the local one to me is always busy even though the store looks like an s hole

[albert35911] 05/6/2024 13:54

A little each day the other way please

[albert35911] 05/6/2024 11:57

A little each day will be fine,when you have plenty of time.

[albert35911] 04/6/2024 16:57

That’s a little way to it.

[albert35911] 31/5/2024 07:09

Could be on a return to recent share price with a bit of luck.

[hamhamham1] 26/5/2024 07:52

Would be nice to get back on track to the 2yr ago forecast share price target for here and Travis Perkins...



"WIX stock is a ‘buy’ based on the views of five analysts whose consensus view is the price could rise by 78% to 354p over the next 12 months, according to MarketBeat.

The highest price target is 450p, while the most pessimistic suggest it could be as low as 280p. However, even this would be 40% higher than the current 199p level.

Travis Perkins is also rated a ‘buy’ on MarketBeat, based on the views of 13 analysts who believe the stock will rise 50% to £18.79 over the coming year.

The price targets suggested range from £15.45 at the lowest end to £21 at the top."

[hamhamham1] 24/5/2024 09:29

Bought in today, good price IMO, was either going to at 150p pre ex-divi, or wait until at least 7p below that.
So today, I am in.
I like the company.

Maybe one day, market cap will be up here again...

"BUILDERS' merchant Travis Perkins has snapped up DIY retail chain Wickes in a £950m deal that will safeguard the future of the company's 6,300-strong workforce. Travis Perkins will have 912 stores following the tie-up, adding the 172 Wickes outlets to its existing 740 depots."

Although that was 20 yrs ago.
Could be worth more now ?

[this_is_me] 25/4/2024 11:14

I knew it was xd, but was still disappointed!

[wad collector] 25/4/2024 07:46

Xd 7.3p today in case anyone else was disappointed by the drop!

[philanderer] 27/3/2024 15:39

Calling it a day here. Small profit and a few nice dividends, can't complain.

Luck to holders

[wad collector] 26/3/2024 11:42

Still showing a healthy profit though divi only covered 1.1X but I also worry about the narrow margins in the sector; bit vulnerable. This yr was 4%.

[creditcrunchies] 22/3/2024 08:14

I remember Paul on stockopedia got a forward valuation of 240p on these on their previous earnings release I'll have to check out that report again

[philanderer] 20/3/2024 09:51

Liberum admits buying Wickes was the wrong call


Liberum has downgraded Wickes (WIX) as it admits buying the stock since the demerger was wrong.

Analyst Adam Tomlinson downgraded his recommendation from ‘buy’ to ‘hold’ but kept the target price of 165p in place on the Citywire Elite Companies plus-rated trade and DIY supplies retailer, which fell 1.8% to 147.3p on Tuesday.

There were ‘no surprises’ according to Tomlinson in the full-year 2023 results which was ‘a solid outcome’ and the acquisition of a small energy solution business was a ‘step in the right direction but profit margins are thin in the solar panels space’.

‘This deal together with the resumption of the share buyback are sensible uses of cash,’ said Tomlinson. ‘

‘On trading, it is tough and we expect a tough start to the year and with our bottom-of-the-range numbers, we leave these unchanged for now.’

Tomlinson said he prefers Victorian Plumbing in this space thanks to the ‘numerous catalysts’ on offer.

‘We have been buyers of Wickes since demerger and acknowledge this has been the wrong call,’ he said.

‘So until positive catalysts become visible, we cautiously move Wickes to a “hold” and recommend a switch to Victorian Plumbing, the leading bathroom specialist in the UK, where growth rates and margins are far superior.’


citywire.com

[philanderer] 20/3/2024 00:15

Panmure downgrades Wickes profit guidance due to cost pressures


Wickes Group PLC (LSE:WIX) “continues to demonstrate an ability to take market share in its Local Trade and DIY verticals”, but persistent cost pressures have forced analysts at Panmure Gordon to downwardly revise the home improvement retailer’s profit guidance for the year ahead.

Panmure now expects Wickes to finish with £43.6 million in profit before tax, down from prior guidance of £47 million.

It follows Wickes’ annual results call on Tuesday when the group posted flat revenues and a marginal increase in PBT.

Panmure’s forecasts, however, do not capture the proposed acquisition of Solar Fast announced today.

“Wickes now trades more in line with the non-food retail sector and offers a 7.3% dividend yield. We believe its operational gearing presents an opportunity to play consumer demand recovery over the course of the year,” said Panmure analysts.


proactiveinvestors.co.uk

[creditcrunchies] 19/3/2024 18:18

Results look good to me they've maintained the dividend, net profit margin up, large share buy back programme, strong cash position. Better than a lot of other UK companies in an awful economic climate

[philanderer] 19/3/2024 17:30

Big swing in the shareprice from the morning.

1.2 million shares traded , plenty of sales in the afternoon.

Disappointing day.

[philanderer] 19/3/2024 10:32

I thought the idea was to phase out gas boilers. In fact some new builds are not even having a gas main installed.

[this_is_me] 19/3/2024 07:45

Results steady as it goes which is good going in present circumstances. I can't comment about the acquisition.

[philanderer] 19/3/2024 00:16

Results tuesday morning.

[philanderer] 08/3/2024 17:51

Dog of the week in my portfolio.