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WIX Wickes Group Plc

1.70 (1.27%)
Last Updated: 15:25:24
Delayed by 15 minutes
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
  1.70 1.27% 135.80 194,360 15:25:24
Bid Price Offer Price High Price Low Price Open Price
135.50 135.90 138.80 134.80 138.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 1.56B 31.9M 0.1230 11.08 353.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:24:14 AT 1,079 135.80 GBX

Wickes (WIX) Latest News (1)

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Date Time Title Posts
24/11/202323:19Wickes plc708

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Posted at 05/12/2023 08:20 by Wickes Daily Update
Wickes Group Plc is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker WIX. The last closing price for Wickes was 134.10p.
Wickes currently has 259,246,169 shares in issue. The market capitalisation of Wickes is £353,611,775.
Wickes has a price to earnings ratio (PE ratio) of 11.09.
This morning WIX shares opened at 138.80p
Posted at 07/11/2023 10:38 by philanderer
Deutsche more cautious on Wickes amid spending squeeze

Deutsche Bank is becoming increasingly cautious on the outlook for DIY and trade supplies chain Wickes (WIX) as it says ‘big-ticket sales’ will ‘finally face reality’.

Analyst Adam Cochrane retained his ‘hold’ recommendation but reduced the target price from 160p to 145p on the Citywire Elite Companies + rated stock, which slid 4%, or 5.25p, to 125.25p on Monday.

‘We have had a cautious view since early 2023 given our concerns on the outlook for UK consumer spending and the fading benefit from inflation on revenue growth,’ Cochrane said.

‘The big-ticket spending has held up better than expected in the first half but has moved into negative territory in the third quarter as consumer behaviour better reflects the underlying data points on consumer confidence and housing transactions.’

While third-quarter results reassured Cochrane on the 2023 profit before tax, he lowered his profit forecast for 2024 by 10% to £49m and by 15% to £60m for 2025 as he took ‘a more cautious view’ on trends.

‘We lower our target price to 145p and retain our ‘hold’ recommendation, as – despite being on 9x full-year 2024 price/earnings – we need to see more positive earnings momentum before becoming more constructive,’ said Cochrane.
Posted at 02/11/2023 14:33 by wad collector
I often buy materials from Wickes rather than the TP type builders merchants because I think they are much easier to price , you don't get all the BS about trade rates , have you got an account and "I'll just check". The prices are visible and VAT inclusive so easy to calculate.
The 10% trade-pro discount is nothing like the big discrepancy that there used to be at places like TP. They had a list of invisible prices that you had to blag about wanting trade rates for .
Mind you there are a lot of things I wouldn't buy at Wickes, like plumbing fittings and fasteners, but enough DIYers obviously do.
As long as Wickes stay in the groove between cheap and nasty B&M type stuff , and expensive specialist trade counters , I think they remain in a good niche. The tool market is a competitive one which is difficult to expand I suspect, and the own brand stuff, even if it is well made is never going to get the same prices as the big names.
I am happy to hold here.
Posted at 25/10/2023 13:10 by albert35911
Take it easy Wix you have popped your head above the red line.
Posted at 21/10/2023 16:29 by jubberjim
Have been previously invested in Wickes was looking again but the fall of in sales and subsequent fall in share price of the house builders such as Taylor wimpey Barrat developments and persimminon has told me to hold back for the time being

The ongoing share buyback has disguised what could be a fall in the share price but as is not widely traded covers a multitude of sins

Will continue to wait and watch as expecting contraction of shares across the board as the fear factor creeps back in

Take care and stay solvent

Tricky times ahead
Posted at 11/10/2023 08:50 by philanderer
Read acros hitting WIX this morning..

(Alliance News) - Builders merchant Travis Perkins PLC on Wednesday warned that falling prices of commodity products have hurt gross profit and narrowed its profit margins, causing it to cut earnings guidance.
Posted at 13/9/2023 05:51 by tole
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.
Posted at 04/8/2023 09:03 by waldron
I see mention was made of BUYBACKS

Posted at 25/7/2023 06:59 by careful
Buybacks with surplus cash smart at this depressed share price.

It seems there is a buyers strike in the UK market so prices are permanently depressed.
No worries, the intrinsic value of this company is higher, we will be paid to wait.

Posted at 25/7/2023 06:40 by this_is_me
It looks like trading is doing all right.

Given the low share price, the share buybacks, using cash on the balance sheet, was an excellent idea. It also should make the dividend payout more affordable, although reducing the dividend in favour of more buybacks and investment in the business would also have been a good idea. They were probably afraid that reducing the dividend would cause another fall in the share price.

I'm pleased with my investment here, made at the end of last year.
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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