Workspace Share Discussion Threads

[slicethepie] 02/10/2020 17:36

A good week for wkp, pleased to see it was standard life letting shares go encouraged me to buy more!

[arja] 24/9/2020 08:41

being a very slow mover , easy to exit without needing a quick trigger finger I guess

[arja] 24/9/2020 08:16

amazing when people buy for long term when chart still in a clear downtrend . Better to wait until chart shows a bottoming process even if you can not enter at the very bottom.

[rambutan2] 22/9/2020 21:05

Hmmmm... 21 September 2020 Appointment of Joint Corporate Broker Workspace Group PLC (" Workspace ") announces that it has appointed J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) as its joint corporate broker, alongside Stifel Nicolaus Europe Limited, with immediate effect.

[hindsight] 16/9/2020 12:29

Just brought a few. Yes rents will fall but so will expected returns. Risk free is now 0% less inflation Maybe evening standard story hit these

[rambutan2] 16/9/2020 12:06

I’ve bought a few this week as a longer term recovery play.

[elsa7878] 16/9/2020 09:04

The units come up on the website when the tenant has given their month's notice. The photograph only comes up when the unit has been vacated and refurbed (unless they use the prior photo). This is how it worked when my wife had a unit some years ago. My point is that the availability rate should be a strong indication of the underlying business. Assume larger units will become increasingly available as companies trade down to smaller ones.

[shieldbug] 16/9/2020 08:55

Current share price is a mystery, well below the March low. Seems to be a 6 year low?

[shieldbug] 16/9/2020 08:44

Just using the search facility on the company website for available units. This morning i get 318 units available for rent. This of course will not include units recently vacated or being refurbished. Its a rough guide not a company statement.

[its the oxman] 11/9/2020 16:31

Hi Shield, also interested in seeing where you can see no units available to rent. Can you post how please. Expecting a tough 12 months re lettings, but if your no's are correct sounds like the fear might be overdone.

[suetballs] 09/9/2020 11:28

Thanks shield - a more complete picture in terms of numbers. So only 8% of all units not let. Ok doesn't seem too bad - but what about slow payers / bad debt, size of units not let and the rents that are being charged. Surely the current share price must reflect the foregoing. Suet

[shieldbug] 09/9/2020 10:38

Looks like 323 units available when I looked earlier this morning. 19th August Elsa7878 found 368 units available (including 73 in new properties). So 12% reduction in available units over 3 weeks. Annual Report states there were 4009 lettable units as of 31st March 2020. This was down by 960 lettable units from Sept 2019 - which in retrospect looks good - with a couple of properties sold in the H2 2019.

[suetballs] 07/9/2020 12:53

What is the total number of units? Or where do I find the info please. Suet

[elsa7878] 07/9/2020 11:53

Units available now 326.

[suetballs] 04/9/2020 08:32

18 - encouraging. Suet

[18bt] 04/9/2020 07:40

Pleaasantly surprised on my first visit into London yesterday. It wasn't humming, but tube carriages seemed 40% occupied mid-monring and there were even people walking around the City. In the office I went into, they have plans to double the number of people going into the office - having got people in in July, they have practical experience of how to achieve social distancing and can relax some of their more strict interpreations of Govt Guidelines - all with staff support.

[its the oxman] 03/9/2020 15:38

The worst is being assumed at the moment, time will tell.

[slicethepie] 03/9/2020 11:34

Apparently in periods of economic slowdown and redundancies you see an increase in self employed / small business formation as people set up on their own ...this could help.

[hawaly] 31/8/2020 12:46

Of course no one knows the future but.... Look - surely it's basic supply and demand. Supply going up demand going down - is this an area of the market thats going to appreciate? As for the placing - that was in 2018 - so much has changed - not least the share price which is almiost 50% down since then. Current sentiment isn't good either "Coronavirus: reluctant office staff defy government call to commute Back-to-work push by ministers is stalling" https://www.thetimes.co.uk/edition/news/coronavirus-reluctant-office-staff-defy-government-call-to-commute-v59qf8q3t GLA 😎

[suetballs] 31/8/2020 08:07

Capita to close over a third of offices permanently. How many of these are in London? Others will do likewise. How will it affect rents? How many others will copy the wkp formula? At under £6 wkp should be a bargain but times are changing. Suet

[its the oxman] 28/8/2020 22:50

Given their last fund raise was at 1100p today's price seems something of a bargain and I'm thinking London locations will remain the place to be.