Wickes Group Plc

0.70 (0.55%)
Share Name Share Symbol Market Type Share ISIN Share Description
Wickes Group Plc LSE:WIX London Ordinary Share GB00BL6C2002 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.70 0.55% 128.40 504,330 16:35:22
Bid Price Offer Price High Price Low Price Open Price
128.30 128.60 128.80 127.50 128.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Misc Retail Stores, Nec 1,562.40 31.90 12.30 10.75 333.38
Last Trade Time Trade Type Trade Size Trade Price Currency
17:42:09 O 42 127.589 GBX

Wickes (WIX) Latest News (2)

Wickes (WIX) Discussions and Chat

Wickes Forums and Chat

Date Time Title Posts
07/6/202315:08Wickes plc550

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Wickes (WIX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 16:42:18127.594253.59O
2023-06-08 16:42:18128.156380.73O
2023-06-08 16:33:12128.435,8557,519.40O
2023-06-08 16:29:54128.43231296.67O
2023-06-08 16:11:15128.407,0008,988.00O

Wickes (WIX) Top Chat Posts

Top Posts
Posted at 26/5/2023 18:09 by brucethegoldfish
Well I’ve bought some more today.

There is really good value in WiX at these levels and I’m more than happy to be patient, collecting a healthy dividend whilst conditions will improve over time and WIX will be well due for a re-rating.

Posted at 26/3/2023 08:09 by tole
Wickes cheap and at top end of guidance, says LiberumWickes (WIX) prelims have revealed its resilience and shows 'the deep value on offer' at the DIY and trade supplies retailer, says Liberum.Analyst Wayne Brown retained his 'buy' recommendation and target price of 360p on the stock, which fell 1.6%, or 2.3p, to 142.7p on Thursday.Full-year pre-tax profits of £75.4m is at 'the top end of guidance and net cash of £100m is once again standout, allowing a flat dividend year-on-year,' Brown said. 'These results demonstrate the benefits of Wickes' balanced, omnichannel model and continued market share gains in what is proving to be a more stable underlying market than many might have feared.'He said the shares remain a 'very cheap' 10.6 times price to earnings ratio, with a free cashflow yield of 13.9%, and dividend yield of 7.5%.'A second quarter reappraisal of capital allocation could be an additional catalyst,' he said.
Posted at 24/3/2023 11:39 by philanderer
Wickes cheap and at top end of guidance, says Liberum

Wickes (WIX) prelims have revealed its resilience and shows ‘the deep value on offer’ at the DIY and trade supplies retailer, says Liberum.

Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 360p on the stock, which fell 1.6%, or 2.3p, to 142.7p on Thursday.

Full-year pre-tax profits of £75.4m is at ‘the top end of guidance and net cash of £100m is once again standout, allowing a flat dividend year-on-year,’ Brown said.

‘These results demonstrate the benefits of Wickes’ balanced, omnichannel model and continued market share gains in what is proving to be a more stable underlying market than many might have feared.’

He said the shares remain a ‘very cheap’ 10.6 times price to earnings ratio, with a free cashflow yield of 13.9%, and dividend yield of 7.5%.

‘A second quarter reappraisal of capital allocation could be an additional catalyst,’ he said.


Posted at 21/10/2022 16:44 by riverman77
The share price should have no impact on their ability to pay the dividend (at least not directly). Don't see why they would need to cut it just because yield has risen as a result of fall in the share price. Dividend appears to be well covered and they have plenty of cssh.
Posted at 21/10/2022 15:47 by elongate
The dividend yield relates only to share price and will actually vary according to the price holders paid for the shares.
Wix currently intends to pay a dividend rate of 40% odjusted earnings after tax. Wix has a healthy free cash flow, and following today’s update reiterating the forecast and taking into account what was said in interims, no need will be foreseen to alter that this year, or to diminish expenditure on growth.

Posted at 08/10/2022 17:28 by elongate
The pressure was already on for Wix. I think it was Wix who were about the first to review PBT forecast on 25th July, losing some 20% on the share price on the day.
They came back on 15th Sept., reaffirming that latest guidance of full year adjusted PBT in the range of £72-82m.
Now there’s Marshall’s, where building products are holding up better than their landscaping.
Question for Wix is whether they will find themselves able to stand by their latest guidance when they next report.
It seems perfectly fair to me to report against figures from normal trading in the pre-COVID boom, in addition to the corresponding immediately prior period, which Wix does - but I imagine it will become a spent exercise.

Posted at 20/9/2022 17:27 by creditcrunchies
Kgf seems more resilient on the share price compared to Wix because their share price has dropped -30% this year after profit warnings whilst Wix has been smashed -50% on meeting expectations with strong forward guidance
Posted at 06/9/2022 15:45 by mjneish
Here's a very simple calculation.

Wickes paid a dividend of 10.9p last year. Let's suppose that they maintain it at 10.9p forever. We'd expect it to increase, maybe decrease in the short-term, but in the long term we'd expect a gradual rise.

So 10.9p flat forever.

Future payments have to be discounted to the present using some discount rate. WACC is normally used for this. This page quotes 4.96% for Wickes, which seems rather low to me.


Using 5%, the present value of all future 10.9p dividend payments comes to 228.9p. This equates to the share price.

Personally I'd go with a higher discount rate to reflect higher risk. A value of 11% per year still gives a share price of 110p.

You can essentially play around with figures and get whatever you want out of them, but if you plug in figures that look very conservative and you still get a reasonable result out of them, it's a very good sign.

Posted at 03/9/2022 09:13 by elongate
It downgrades house builders. We know there is a downturn. Bad for business, yes. Yet Wix does not build or sell houses. Wix has already reflected on its own position in it’s trading statement dated 26th. July, when downgrading it’s own expectations. ( as have the published analysts, who continue to rate it a buy - not a hold or reduce as mentioned in the link )

“Whilst comparatives for Core sales ease in the second half, trading in recent weeks in DIY and a softer outlook for the DIFM market suggest customers are reacting to the uncertain macroeconomic backdrop as we enter the second half of our financial year. Given this backdrop we currently expect full year adjusted PBT to be in the range of £72-82m.” ( down by 15% - 20%, not dissimilar to the link )


“Wickes has delivered another strong performance, as the business continues to provide the best value, choice and availability for customers. Our TradePro scheme is expanding with great momentum as tradespeople turn to Wickes for value during a period in which consumers are becoming more price conscious. It is encouraging to see continued outperformance in our Core market share despite recent signs of softening in the DIY market. We continue to do a great job engaging DIFM customers as they take a little more time to consider their purchases.”
“Our investment for growth progressed in the period with five store refits completed in the first half which continue to drive strong returns. We remain watchful of the macroeconomic backdrop and are managing the business appropriately to navigate these external pressures. We are confident that our uniquely balanced business model and great value offer for customers will enable us to continue to deliver for the benefit of all our stakeholders.”

Wix is coming off a highly productive COVID-related period into a downturn, and everything will soften from there, especially from those highs. If it can actually achieve it’s current guidance it will be creditable. We will see about that as time passes, but I think it’s raison d’etre, home improvement, remains in the context described in the paragraph in the FY results

25th. March 2022
“Looking ahead, we expect to continue outperforming the market and are well-placed to capitalise on the ongoing requirement for home improvement - namely an ageing housing stock, favourable consumer trends, and the increased focus on insulating and retrofitting homes……….”
Wix does not sell to new house builders. That will be closer to Travis Perkins bag, whence Wix came. Wix sells to local trades. Including jobbing builders.
It is a home improvement business, not directly house builder connected, who usually fare badly in economic downturns.

A thriving housing market would be beneficial. Wix has not recently mentioned that market, perhaps because they could see those particular clouds on the horizon.

It is possible for those who want to be so to be gloomier elsewhere. Somebody previously said that “Death by DIY” posts are overdone. Witty and apt.

I leave you with lifts. There is a more positive case to be made under the circumstances than that mostly reflected on this board. Whether acceptable or not, they may assist in differentiating between new builders and home improvement.

Home Maintenance Stores (But Not Builders)
Many people will choose a do-it-yourself home renovation or upgrade rather than consider selling and moving during a recession. Depending on credit conditions, borrowing to buy a new home is often not an option for most people during a recession anyway.

Do It Yourself
When economic times are tough, DIY activities of all sorts increase. This effect may be even more pronounced during periods of imposed social distancing and forced business closures.
Companies in the business of providing tools and materials for home improvement, maintenance,  and repair projects are likely to see a stable or even increasing demand during a recession, as will many appliance repair service people.

New home builders, though, do not get in on the action. They are among the worst hit as bank lending gets tighter and home sales slump.

DIY And Home Maintenance
During a recession, many people choose DIY as an alternative to paying decorators or ‘handymen̵7;. They also tend to choose making improvements to their existing home rather than moving to a new house. This is because the option to save money is much more appealing than borrowing to buy a new home. Businesses that sell/provide tools and materials for home improvement are very likely to see an increase in product demand during a recession.

Posted at 07/12/2021 07:59 by tole
The Wickes share price just surged 11%. Is it now a buy?Dan Appleby, CFA | Monday, 6th December, 2021 | More on: WIXClose up of manual worker's equipment at construction site without people. Image source: Getty ImagesThe Wickes (LSE: WIX) share price rallied 11% on Friday after the company released a trading update for its fourth quarter. This made the stock the best performer in the lesser-known FTSE Small Cap index.Wickes is a fairly new listing on the London Stock Exchange after it completed a demerger from Travis Perkins back in April. The share price hit a high of 288p on the first day of trading, but has drifted lower since. Before the update on Friday, the share price had dipped to 215p.Has the trading update marked a turning point for the stock? Let's take a look to see if it's a buy for my portfolio.Wickes and a demergerWickes is a major home improvement retailer in the UK. It describes itself as a digitally-led and service-enabled company that offers customers choice, convenience and value. Over recent years, it has rebalanced its business to service three types of customers it defines as: "Local Trade, Do-It-For-Me and DIY retail."When Wickes listed on the London Stock Exchange as a spin-off from Travis Perkins, it didn't raise any new capital as part of the listing. Travis Perkins shareholders received shares in the newly listed firm, and had the option to either retain these shares, or sell them once trading began. This can sometimes place downward pressure on the share price of a spun-off company as shareholders opt to sell the shares and retain the original company in their portfolios.The share price surgesIt's easy to see why the share price rallied on Friday. The company said trading has been resilient and raised its outlook for profit in fiscal/calendar year 2021. Revenue was actually in line with expectations, but margin performance was strong, which led to the upgrade in profit guidance.I view this as a particularly good performance given the supply chain issues that most businesses are experiencing today. It signals that management is able to navigate supplier relationships very well, and that its business model is adaptive to these risks.Is Wickes stock a buy?I view the recent listing positively. Sometimes new companies that list via IPO have short histories, or require equity capital to invest for growth. This increases the risk of outright loss for a potential shareholder. However, Wickes is profitable with a longstanding history, which does de-risk the investment in my view.There are still risks to consider though. For a start, there's no guarantee that the management team will be able to mitigate supply chain issues indefinitely. Then, any slowdown in the UK economy will likely reduce demand for home improvement supplies.However, I think the recent weakness in the Wickes share price reflects the selling pressure after the spin-off completed. The valuation looks compelling now as the shares are priced on a forward price-to-earnings ratio of only 10. I'll be looking to add Wickes shares to my portfolio.
Wickes share price data is direct from the London Stock Exchange
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