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Share Name Share Symbol Market Type Share ISIN Share Description
Workspace Group Plc LSE:WKP London Ordinary Share GB00B67G5X01 ORD GBP1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  31.00 3.54% 906.50 903.00 904.50 906.50 868.50 868.50 408,306 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 142.3 -235.7 -130.3 - 1,642

Workspace Share Discussion Threads

Showing 7576 to 7599 of 8500 messages
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DateSubjectAuthorDiscuss
19/6/2011
23:45
I'd like to see 35-37p by the year end :-
mreasygoing
19/6/2011
23:39
I guess it might appear somewhat different if the share was priced at 300p rather than 30p. A move up from 250p to 300p over the past 3 months seems better than just gaining 5p! But its still a 20% gain.
melody9999
18/6/2011
12:43
I suppose, given the market conditions, finishing the week at 29.25 was an acheivement. Long term holders are used to WKP getting stuck for ages before moving upwards...
catcheemonkee
14/6/2011
10:37
more big volume today - the sort it needs to get WKP moving up
brando69
13/6/2011
20:30
Closed at 30.0p. Seems to have breezed through the results with very little profit taking - it's looking to find a new trading range - roll on 32.0p :-).
purplebox
13/6/2011
19:37
Looks like someone other than us is interested and the chart is suggesting a move up VERY SOON.
red army
13/6/2011
17:36
nope, i've been laid about three times since WKP was in the early 20s. but enough about me, check the size on that WKP volume today. 11m shares and more. someone likes us (but we don't care)
brando69
13/6/2011
16:37
Closed at 30p with no leg-over today. Was your luck any better Brando?! ;)
catcheemonkee
13/6/2011
13:33
get your leg over 30p now WKP
brando69
10/6/2011
11:22
at last we can all go home now
brando69
09/6/2011
17:34
Closed at 30.0p :-)))).
purplebox
07/6/2011
19:25
From Investors Chronic: http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110607/2547176e-9055-11e0-9c73-00144f2af8e8/Rising-occupancy-boosts-Workspace.jsp Rising occupancy boosts Workspace Created: 7 June 2011 Written by: Stephen Wilmot It has been a year of slow but solid progress at Workspace Group, which provides affordable office space for London's small business community. Occupancy levels were 84.1 per cent at the March year-end, up from 81.9 per cent a year earlier. That and development work added £32m to the underlying valuation of the portfolio - a big fillip to reported earnings and net asset value (NAV). On average, occupancy is still below the company's 90 per cent target - the point at which it becomes easier to increase rents, says chief executive Harry Platt, who also announced plans to retire next year. Indeed, estimated rental values or ERV (industry jargon for market rents) fell slightly, as they have for all offices outside of prime central London. Yet the trend seems to have turned: management cautiously noted "evidence" of new lettings being signed at levels ahead of year-end ERVs. The value of commercial property depends not just on ERV, but also on the valuation multiple applied to it. This hardly budged. Mr Platt points out that the yield gap between Workspace's properties and central London prime has never been wider. So if yields start to fall, the positive impact on NAV would be significant, although at the moment there's no obvious catalyst. In the shorter term, the group's development projects may yield greater gains. Workspace obtained planning consent for several new offices over the period, and got lucrative permission to transform seven acres of its Tower Bridge business park - a former biscuit factory behind Bermondsey tube station - from industrial to residential use. In March, it signed a deal with builder Mount Anvil to develop the Workspace business village in Wandsworth, including the construction of 209 flats. Mr Platt says this partnership - which involves no development risk for Workspace - could be a template for future projects. Workspace has also teamed up with BlackRock, the equity-rich fund management giant, to create a fund based on Workspace's existing business model. Workspace sold eight of its properties at book value of £35.1m into the vehicle, in which it retains a 20 per cent stake. Brokerage Espirito Santo expects year-end adjusted NAV of 34.2p (29.5p in 2011). WORKSPACE GROUP (WKP) ORD PRICE: 29p MARKET VALUE: £331m TOUCH: 28.75-29p 12-MONTH HIGH / LOW 30p 19p DIVIDEND YIELD: 2.9% TRADING STOCK: nil DISCOUNT TO NAV: 2% INVEST PROPERTIES: £713m NET DEBT: 109% Year to 31 Mar Net asset value (p)* Pre-tax profit (£m) Earnings per share (p)* Dividend per share (p)* 2007 252.0 112.5 115.0 3.11 2008 233.0 -37.0 -15.2 3.43 2009 27.0 -360.4 -134.6 0.75 2010 26.7 26.0 2.3 0.75 2011 29.5 52.8 4.7 0.83 % change +10 +103 +104 +10 Ex-div: 13 Jul Payment: 5 Aug *Per share figures adjusted for 2009 rights issue; EPRA net asset value
catcheemonkee
07/6/2011
18:26
Closed at 29.5p. WKP is now just outside the FTSE250 and I think that if it can break 30.0p we will see it make the transition. http://www.stockchallenge.co.uk/ftse.php Remember that WKP is rising in a market that is slipping down.
purplebox
07/6/2011
15:49
Deirdre Hipwell June 7 2011 12:01AM The Times The success of small businesses in London and the South East has led to a doubling of annual profits at Workspace Group. "We know that London's SMEs are performing better than the rest of the UK, they are faster-growing and more innovative," Harry Platt, pictured above, the serviced office provider's chief executive, said. "We are not saying everything is rosy in this sector but there has been a consistent improvement for the last two years and we expect to see continued steady progress." Workspace provides more than five million sq ft of office and industrial business space across the South East to companies with 20 or fewer staff, at an average rent of £11.47 a square foot. Pre-tax profit jumped from £26 million to £53 million in the year to March, as growing numbers of tenants took more offices at higher rents. Workspace generated a 2.2 per cent increase in the total amount of space let in its portfolio to 84.1 per cent last year. It said that, with an average of 88 lettings a month to SMEs, its like-for-like rent had risen by 3.9 per cent to £40.1 million. The company revealed the figures alongside news of changes at the top, with Mr Platt, its chief executive of 18 years, to retire next year. Tony Hales, its chairman, is also stepping down and will be replaced by Daniel Kitchen, a non-executive at LXB Retail Properties. Mr Platt said that £44 million of property sales and refurbishment and redevelopment of its properties had further improved cashflow - net cash was up 45 per cent to £16.1 million - and had pushed net asset value from 26.7p to 29.5p a share. "We are a property-based business in the interesting parts of London and we are progressing a large number of planning applications," he said. "Things are just heading in the right direction." Workspace, which has a market capitalisation of £340 million, has increased its dividend by 10 per cent to 0.825p a share. It said that it planned a one-for-ten share consolidation for "housekeeping purposes". The shares closed down ¾p, or 2.5 per cent, at 28¾p.
lyntwyn
07/6/2011
07:31
Invester presentation: http://www.workspacegroupplc.co.uk/assets/downloads/company_presentations/2011/March%202011%20Results.ppt Webcast: http://cache.cantos.com/webcast/static/ec2/4000/5275/6662/9158/Lobby/default.htm
purplebox
07/6/2011
00:45
IMO when the consolidation happens I'm afraid the price will go a bit down
marmar80
06/6/2011
22:32
Still here :)
catcheemonkee
06/6/2011
21:51
Me too. Absolutely no reason to sell. Company quite bullish about prospects.
melody9999
06/6/2011
19:35
No, I'm still here. More than happy with the outlook so I'll likely be holding for a while longer. :-)
hyden
06/6/2011
19:01
Closed at 28.75p - sell the results etc... ...a bit quiet around here considering the upbeat results... ...has everybody sold ;-).
purplebox
06/6/2011
07:23
Lots to read this morning... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10883957 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10883995 Profit before tax £53m, up from £26m last year. Trading profit after interest up 31% to £14.1m. NAV increases to 29.5p - dividend increases by 10% to 0.55p (or 0.825p for the year). Divi paid as a PID and goes EX Div on Wednesday the 13th July - payment day is the 5th August, my birthday :-). Also, Harry Platt to step down next year - search for new CEO has started. The Chairman also steps down after the AGM. If approved at the AGM there will be a share consolidation: "We are proposing at the forthcoming AGM a resolution for a 1 for 10 share consolidation. This would reduce the number of shares in issue from 1.15 billion to 115 million. If approved the new shares would be issued to shareholders in early August 2011." The AGM is on Thursday the 28th July. The RBS facility's maturity has been extended to June 2015. Overall there is 20% headroom on the banking covenants. From the CEO's statement regarding 'Vision': "Other trends are also beneficial. Planning policies towards brownfield sites in London support intensification and change of use. Our properties contribute to work-led regeneration, which fits the Government's localism agenda. And our sites are often in areas of change, which will benefit from investment in London's infrastructure such as the East London line, Crossrail and the Olympics." There will be a presentation to analysts at 9.30am.
purplebox
06/6/2011
07:05
Yeay. 10% hike in divi and NAV up to 29.5p. Happy days. Salty.
saltaire111
05/6/2011
14:22
red army - 5 Jun'11 - 13:52 - 7428 of 7428 purplebox And after the profit takets have their wicked way. Yes 'when the post results dust has settled'. But the time this takes will be another indication of what the market thinks.
purplebox
05/6/2011
13:52
purplebox And after the profit takets have their wicked way.
red army
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