Wickes Share Discussion Threads

[elongate] 30/5/2022 18:46

I see Wickes has launched on eBay, with additional other channel opportunities in mind.

‘Home improvement business Wickes has launched its own store on eBay, with its first step into ‘marketplace’. The brand has curated a range of over 4,000 products to target eBay’s visitors.’

Nimble company, creative management taking advantage where they can - also bringing out more DIFM services this year, looking to further enlarge customer base plus cross and upselling.

[tole] 29/5/2022 06:35

https://citywire.com/funds-insider/news/expert-view-aj-bell-reckitt-autotrader-firstgroup-and-wickes/Liberum: Attractive Wickes is a 'winner'Wickes (WIX) will continue to be a winner in the 'structurally attractive' DIY market, says Liberum.Analyst Wayne Brown retained his 'buy' recommendation and target price of 425p on the stock, which was trading up 2.7% at 199p on Thursday afternoon.The company reported a strong trading update for the first 20 weeks of the year, although like-for-like sales were down 0.6% against a 'tough comp' versus a buoyant start to last year and a normalisation of DIY demand post-pandemic.'The company has reaffirmed full-year guidance of "further progress in the year ahead",' said Brown.'We believe Wickes will continue to be a winner in a structurally attractive repair, maintenance, and improvement market supported by its well-placed offer across trade, DIY, and do-it-for-me and significant self-help levels.'He added that the shares trade on a 2022 price/earnings ratio of 7.3x and are 'attractively priced'.

[s34icknote] 27/5/2022 15:53

Went to 148 !!! On Ukraine war !

[elongate] 26/5/2022 06:55

Good trading update this morning, and though I expected to follow a similar line to KGF, it’s actually much better than I thought might be the case, with FY guidance as previous. There will be ‘normalisation’ ahead in line with guidance ( annualising COVID revenue will naturally prove a challenge ) An excellent showing over 2019.

[elongate] 23/5/2022 10:05

Competitor this morning.

B&Q owner Kingfisher has said it is managing inflationary pressures amid “resilient demand” for DIY despite the cost of living crisis in the UK and other markets.
The retailer, whose other UK brand is the hardware trade supplier Screwfix, said sales had remained at elevated levels seen during the coronavirus pandemic, and that it was confident enough about its outlook to launch a £300m share buyback.

Like-for-like sales in the February to April quarter were 16% above the same period in 2019 at £3.2bn, although they dropped back by 5.8% overall compared with the boom in 2021. UK and Ireland sales were down by 14% compared with the year before, but were up nearly 17% on 2019, with kitchen, bathroom and storage products among the bestsellers at B&Q.

During the first coronavirus lockdowns Kingfisher’s sales soared as customers were mainly stuck at home but DIY stores were permitted to stay open to allow people to carry out essential maintenance.
In a trading update on Monday, Thierry Garnier, the Kingfisher chief executive, said the company had retained a “significant proportion of the increased sales during the pandemic”.

The company expects DIY demand to be resilient in the coming months despite the expectation that consumer spending will drop as household budgets are squeezed by inflation, particularly in energy prices which have soared in part because of Russia’s war on Ukraine. Garnier has previously argued that “home improvement is not a bad place to be in a crisis”.

[elongate] 29/4/2022 10:17

Some have been pessimistic about these home improvement companies, bunching them in with the multiplicity of general retail when they are more akin to construction. There are different drivers. Construction providers are holding up well, and generally reporting improved periods year on year. Wickes’ model is in my view a very competitive one, and I see no reason why it should differ.
Wickes will issue a trading update on 26th May.
But in any event, according to what has been conventional wisdom, I suspect it will remain underpriced as pundits say it currently is.

[bigt20] 24/4/2022 16:38

Interesting stat in the ONS release dated 22/4/2022:


Non-food store sales volumes rose by 1.3% in March 2022 because of growth in other non-food stores (2.9%), and household goods stores (2.6%) such as DIY stores.

[bigt20] 21/4/2022 08:45

I think the initial drop at the start of the day is due to the share going ex -div. today (per post 118)

[bigt20] 20/4/2022 09:43

That is a good dividend

[waspfactory] 19/4/2022 19:28

Ex dividend on Thursday, 8.8p :)

[essentialinvestor] 19/4/2022 15:09

Lovely recovery from recent lows and against a wider trend for much of UK listed retail.


Thought the KGF ST comment a tad harsh. But agree the boom is over.

[elongate] 18/4/2022 08:25

The Sunday Times's Lucy Tobin highlighted the strengths of home improvement retailer Wickes over its much larger rival Kingfisher.

Foremost was the DIY chain's longstanding focus on value, which should stand it in good stead in the current cost and price environment.

Wickes had also invested heavily in its digital footprint and its core customers were older and wealthier and therefore better able to weather the current financial storm.

Hence why Sam Cullen at Peel Hunt said that it was "one of the most mispriced companies we cover" given that its shares were trading at roughly just six times expected earnings for 2022, which he said was "simply too cheap".

Kingfisher's boom on the back of Covid on the other hand had fizzled out, it was facing soaring costs, profits were expected to decline in 2022 and was trying to rightsize its 40 "vast" stores over the coming decade.

All told, that prompted to tell readers: "Something to do on your phone while queuing to buy paint this week: sell Kingfisher, buy Wickes."

[ny boy] 17/4/2022 10:13

It’s a buy from me, will add more but for now allocated another £10k to (SHIB) tokens as the whales are accumulating dyor as usual

[elongate] 17/4/2022 10:00

Amongst pundits, The Telegraph’s Questor was a November commentator on Wickes low valuation. I have not read the Times article, but that has been the brokers’ consensus direction of travel.

[careful] 17/4/2022 09:10

Tipped in todays Sunday Times.
Undervalued, preferred to Kingfisher.

[elongate] 06/4/2022 14:53

Come on now - don’t mark her down. She could have bought new frocks.

[elongate] 06/4/2022 14:33

Wood family member bought £20k @ 190.

[elongate] 29/3/2022 20:35

Frankly, I have zero interest in what Essential Investor/rogue trader say they do (or don’t) But it pleases me sometimes to test some of the blurb.

[essentialinvestor] 29/3/2022 20:18

Rogue pointed me in the right direction several times on different stocks,
where I was too cautious on 3i recently, he was spot on.

His posts on the SHA board prompted me to sell some KGF over £3.

None of us know the future obvs, luck with your Wickes holding

[elongate] 29/3/2022 19:31

Bravo! I’m sure you’re an excellent person. Maybe.

[roguetraderuk] 29/3/2022 19:29

spending time. its what i do. im thorough. i hate missing something vital. even though on here sometimes i dont know why i bother. i follow over 200 shares but i will only be in 20-40 at any one time. i will get some, i will miss others, thats just life but i will always stick to that discipline of 20-40, no more.

[elongate] 29/3/2022 19:21

I don’t want you to say anything, but you’re spending some time here. I’m content with what you’ve said “whenever i think i know something i tell myself i actually dont!”
And then tell us what you know (or don’t )

[essentialinvestor] 29/3/2022 19:09

rogue, coupled with the mad Russian monk, big unknown what he decides to do
re energy prices, economic confidence etc.

Last time I felt like this was watching Threads as a teen in the mid '1980's !.

Never thought in a million years we would be back to that era.

[roguetraderuk] 29/3/2022 19:07

what do you want me to say, that i know for sure where something is going? there are two types of investors. one, those that know they dont know what will happen tomorrow. and second, those that dont know that they dont know.