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WKP Workspace Group Plc

498.20
2.20 (0.44%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Workspace Group Plc WKP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.20 0.44% 498.20 16:35:11
Open Price Low Price High Price Close Price Previous Close
485.40 485.40 497.20 498.20 496.00
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Workspace WKP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/11/2023InterimGBP0.0904/01/202405/01/202402/02/2024
25/05/2023FinalGBP0.17406/07/202307/07/202304/08/2023
15/11/2022InterimGBP0.08405/01/202306/01/202301/02/2023
08/06/2022FinalGBP0.14507/07/202208/07/202205/08/2022
17/11/2021InterimGBP0.0706/01/202207/01/202202/02/2022
03/06/2021FinalGBP0.177501/07/202102/07/202106/08/2021
05/06/2020FinalGBP0.244902/07/202003/07/202007/08/2020
13/11/2019InterimGBP0.116709/01/202010/01/202005/02/2020
05/06/2019FinalGBP0.222604/07/201905/07/201902/08/2019

Top Dividend Posts

Top Posts
Posted at 05/11/2023 18:22 by 18bt
Presumably WKP is expected to benefit greatly from the problems at WeWork. Apparently quite a number of WeWork tenants esp in London being kicked out from 30/11, including some that need a decent amount of space.
Posted at 15/5/2023 15:12 by its the oxman
For what it's worth Henderson smaller cos added wkp to their portfolio a while ago so we are not alone in seeing upside from these distressed levels.
Posted at 14/4/2023 06:21 by suetballs
Solid trading update yesterday - but this sector is out of favour.
Happy to hold for the dividend and a better share price to come - hopefully.
Suet
Posted at 05/12/2022 15:33 by hugepants
It seems a bit bonkers that this is down at 423p again. That's a 56% discount to NTA.
Yield is 6%+ (assuming H2 dividend also increases by 20%).

Portfolio looks highish quality. On target to be 40%+ EPC rated A/B by March 23. Mostly London so probably good alternative use potential if things get really bad for offices. Id have thought better than an out of town business park

They are on target to sell residential units for £55M in January. That should bring LTV to under 30%. And they've a big industrial park from McKays to sell when conditions improve.
Posted at 15/11/2022 07:42 by suetballs
Hopes not shattered - a good set of half year results.
Like all well run companies looking after customers employees and investors.
Dividend up 20%.
Mckay integrated.
Future even with inflationary pressures looks bright.
Suet
Posted at 14/10/2022 09:11 by elsa7878
Goldmann Sachs yesterday predicted 20% falls in commercial property by the end of 2024 and financing costs rising by 75%.
Lucky that WKP has the majority of its interest costs fixed.
Sitting on a 40% discount so hard not too think it's cheap....just sentiment that's killing it.
Posted at 13/10/2022 07:11 by hugepants
Good update I'd say. They sorted the McKay debt in Q2.


I agree sliceofpie, it must be pension funds selling this down here. It's on a 65% discount based on last NAV
Posted at 07/10/2022 15:43 by giltedge1
WKP have some really 1st Class Offices modern or recently refurbished, Management has done a good job, Mayfair, Royal Parks etc, will be a beneficiary, of flexible office working. Good value here. As Central London centric locations will maintain liquidity, Sovereign Wealth funds etc. only buy in London. Tempted but still falling so will wait a few more weeks or so.
Posted at 23/8/2022 14:21 by hugepants
I missed the update in July.

LTV is 32% due to the McKay acquisition but this will go below 30% as they sell off the non-core properties. Anyway discount back up now to a crazy looking 45%.
Posted at 27/5/2022 09:10 by hindsight
As a holder of McKay, pleased to see WKP make something on the deal too. The market never appreciated the value, partly due to McKay directors
May encourage more corporate activity in the sector

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