Workspace Share Discussion Threads

[fozzie] 16/2/2011 17:32

I am a very bad trader, i am good at buying shares but very poor at selling them, hence i have had some big winners but also some real stinkers. WKP falls in the middle, i have made a decent return but i feel i could sell around 25p, buy something like CAD and make a quick 30% and buy back here and nothing much would have changed. Decisions decisions!

[brando69] 16/2/2011 16:26

i'm in similar position fozzie

had i shifted from wkp to average down on uniq, i'd be back in profit on the latter, but feel that the slow but steady progress here suits me... happy to get the occasional double bagger elsewhere in CAD where I bought in at 21p and saw it go down to 16p and sat on it for 18 months... patience rewarded. but in future i am setting notional stops - if i'd done that with uniq i wouldn't now be looking at a reduced loss, but at a massive gain

[fozzie] 16/2/2011 16:23

Tbh i had given up on Uniq so the money thats come back this week will pay for the summer hols, still lost a lot but hey ho!

To sell or not to sell. I look at this every day and just cant believe that we are sticking around this tight trading range. I have about 10k tied up here and there are big and quick gains to be made elsewhere atm. CADis a perfect example, i bought last week at 32p and they are now 44p, thats a big return. My 10k is doing very little here. What are your thoughts brando? I should point out that i bought these at 16p so they have done well for me its just the sideways movement for the last 15months.

[brando69] 14/2/2011 20:40

in profit on UNIQ eh? only another 20p needed for me and I'll be able to say the same...

CAD though is a two-bagger for me

[purplebox] 14/2/2011 18:23

It's possible to 'see through' the prices if you know what you are looking for, but the closing prices are a mess...

Day traded CAD this morning - easy money!

And I'm in profit on my UNIQ trade as well :-).

[stockadoodle] 14/2/2011 18:17

Yup.. what a mess today.....

Figures were all over the place today & made no sense half the time... As you say I am sure some people lost out today for sure.

[purplebox] 14/2/2011 17:32

Closed at 25.0p.

What a complete shambles ADVFN have been today - don't blame the LSE. From what I gather ADVFN relies heavily on their own interpretation of their direct LSE feed. They should have seen this coming a mile off!

I'm sure that some PI's will have lost money today.

[pysgodaur] 13/2/2011 12:11

good to see you all keep your heads above water!


brando - i will take a look this evening.

Stock - Good ,luck with selling the house

may come back to wkp for some respite - if i can hit my 'targets' (not holding my breath!!!)

this time next year! eh?

[stockadoodle] 13/2/2011 10:01

Im still here psy although more quiet these days as keeping myself busy with a new project at moment and also just in midst of selling house as well so all on the go so not had much time to research any new co.

Just been adding to my usual long term holdings in the ISA. I have de-risked the portfolio last month as I cant watch & keep on top of this for a few months till things have settled down.

[brando69] 12/2/2011 22:58

psygo

check out CAD and FRR next week, if you like punts on oilers... the latter purely speculative, the former a pretty much nailed on doubler

[pysgodaur] 12/2/2011 21:37

me money? well as a person who likes a punt...got the oil bug the last year - aim oilers - not for the faint hearted but it's good stuff and rewarding if it comes off.

excellent couple of months with Xel, rrl and a couple of others, but plenty of risk aswell.

usually post on iii at the moment but as i used to hold rnvo (sold a while back) it's still on my list and saw the 75% drop :( so was just checking out the boards and as I saw this tipped recently took a minute to give my regards

[purplebox] 12/2/2011 09:33

Hi Pysgo,

Yes - WKP can't be accused of speeding along - as ever it's a solid mover. The trading range is moving upwards.

I'm doing quite well at the moment but last week was not brilliant.

Where are you putting your money these days - or have you just cashed out and moved to the Caribbean?

[pysgodaur] 11/2/2011 23:45

stocka, purple, brando - wow it's like time has stood still...and the share price by the looks of it :)

hope you chaps are thriving!!

[purplebox] 11/2/2011 17:11

robin57 - 11 Feb'11 - 16:52 - 7182 of 7182

Got my dividend cheque today but last time had opted for shares instead of cash -have they stopped that ?

I don't know - you could e-mail the Co Secretary - the address is on their Web Site.

I always take the cash and just squander it...

[robin57] 11/2/2011 16:52

Got my dividend cheque today but last time had opted for shares instead of cash -have they stopped that ?

[purplebox] 11/2/2011 16:40

Closed @ 24.75p.

Bit of a shocker, but there was a marked increase in selling in the last 30 minutes - more games IMO...

[sleveen] 09/2/2011 17:53

and a divi payment to boot

[brando69] 09/2/2011 16:48

that'll do nicely for today

[brando69] 09/2/2011 07:55

chartwise looks like it cld break strongly to around 30p, but realistically, hard to see market cap of wkp increasing in such large increments until there is some substantive news

[purplebox] 08/2/2011 13:39

Yes - looking strong - but a bit more volume would make it look better.

With the recent IMS, London prices, healthy finances and the management track record, its not that difficult to imagine it trading up to the NAV - currently 28.0p (as at 31st September).

[brando69] 08/2/2011 12:20

25.75 and looking strong

[purplebox] 07/2/2011 12:36

Nice writeup... but we all knew already... :-).

And the Packers won the Super Bowl :-)))))))))))))))))))))))))))))).

[stockadoodle] 07/2/2011 12:19

For those interested. This came through on IC alerting service today on an article mentioning WKP

Hot property

For instance, I realise many readers will have bought shares in Workspace after I outlined the investment case in an online exclusive to IC Advantage subscribers last autumn (Hot Property, 14 October 2010).

The property company mainly provides workshops and studios to small and medium sized businesses on industrial estates, former factories and office blocks close to major transport hubs in London. It's a good niche to be focused on because if the UK economic recovery is really on track then it was always going to show up early on in strengthening demand from businesses in the capital. My initial interest was also prompted by news that chairman Tony Hales had splashed out over £100,000 buying shares at 21.25p, a significant discount to the company's last reported net asset value of 27p and to analyst estimates of 29p for the March 2011 year end. And those forecasts look solid if last week's third quarter results are anything to go by with all the key indicators I monitor showing positive growth: occupancy rates, cash rent roll, property values and monthly lettings. In fact, occupancy rates at Workspace's centres are at their highest level since March 2008 and importantly not at the expense of rental rates.

Management has strategy in place to unlock value in the company's properties, and funding is not an issue, so it is hardly surprising the shares have performed well, rising from 22.5p and above my 25.5p target price. However, with Workspace a strong beneficiary of the upswing in the business cycle given its London office exposure, I have decided to raise my target price to 29p – in line with the break-up value of the company – and continue to rate the shares a medium-term buy at the current 25p.

[purplebox] 04/2/2011 17:19

Closed at 25.25p.

Quite surprising as there were an awful lot of stock sold today.

Still - Superbowl XLV on Sunday night - going to be an all nighter for me I expect.

Packers v Steelers in Dallas - go Packers!