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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
  15.50 2.17% 729.50 734.00 736.00 737.00 719.00 721.00 237,889 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 161.4 72.5 40.0 18.2 1,321

Workspace Share Discussion Threads

Showing 8401 to 8423 of 8450 messages
Chat Pages: 338  337  336  335  334  333  332  331  330  329  328  327  Older
DateSubjectAuthorDiscuss
04/9/2020
06:40
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.
18bt
03/9/2020
14:38
The worst is being assumed at the moment, time will tell.
its the oxman
03/9/2020
10:34
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.
slicethepie
31/8/2020
11:46
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 😎
hawaly
31/8/2020
07:07
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
suetballs
28/8/2020
21:50
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.
its the oxman
28/8/2020
09:25
Land secs starts at 15 people min! I think workspace know this space extremely well having been the leading operator for over 20 years. Reputation and word of mouth are really important as their units tend to attract related companies ie media
slicethepie
28/8/2020
09:05
Both Land Secs and BL have introduced flexible office offerings
williamcooper104
28/8/2020
08:12
Agree 100%, they also have a brand name and reputation which is important for small businesses. There is also a barrier to entry as it is not simple to carve up big floor space into small units. The resilience of these small businesses is well documented and arguably you see more formed in tough times.
slicethepie
28/8/2020
03:46
Workspace have pushed rents from low teens in 2013-14 to c£43 psf At a tenner a foot - c£120-180 psf capital value alternative uses work £43 psf however is around £700-800 psf - which kills alternative uses in most areas Will still be development opportunities where extra space can be added But absent this the alternative use floor (assuming resi) is going to be £150-£300 psf (assuming c30 percent on resi values of £500-900psf)
williamcooper104
27/8/2020
23:30
shield, appreciate the view, many thanks. Will have a look in more detail.
essentialinvestor
27/8/2020
19:01
Don't you think that "one or two" things have changed since February?
hawaly
27/8/2020
17:44
Essential - They say that "Freehold property ownership" is part of their strategy. I am in London and bought a bit of WKP in recent months. I often walk past various properties and I can confirm there is only limited activity. WeWork is even quieter than Workspace, almost no one working in these places at all. Many Workspace properties are well located, many are older industrial buildings and some have character. A great many of these kinds of properties have been and are in the process of being converted to residential. Some of my reasoning for buying WKP: 1/ tenants are likely to be more established companies than WeWork type tenants and perhaps more resilient to economic stress. 2/ often these are companies that actually need a contained space - rather than a shared hive. 3/ Many of the properties have some car parking/loading facilities that are simply not available in new buildings occupied by WeWork type spaces. 4/ not being new buildings the rent is almost certainly going to be lower and so likely to retain tenants 5/ there is a shortage of this kind of office/studio/workshop space in London - (this is from experience, I have a small business and have twice needed to find space) 6/ freehold properties with huge potential for redevelopment. Despite all of this - not much sign of my being right at this point.
shieldbug
26/8/2020
23:24
Does Workspace own all their own property, are there lease liabilities?. For example IWG has low net debt, however also appears to have significant lease liabilities.
essentialinvestor
20/8/2020
08:02
That's why the share price is down from £13. Unless all central London prop is going to fall 50% plus then the maybe approaching a good long term entry point. Most of their sites have alternative use and development potential.
slicethepie
20/8/2020
07:38
Assets like this are being repriced ... the slide rule is in flux.
hawaly
20/8/2020
07:18
Ok I will rephrase....you are crudely buying central London property on a discount of 50%, a prospective yield of 5% and in a liquid form. They may need to offer short term discounts to fill empty space but this is the cheapest space in central London already.
slicethepie
19/8/2020
18:00
pieman. No you are not - the business is reliant on buildings being occupied and rents being paid - the whole premise of workspace is flexibility of occupation - so go figure where that leaves them as a LL.
emso
19/8/2020
10:24
Crudely you are buying central London property on a 50% discount with a yield of over 5% and in a liquid form ..what's not to like ! There is still massive opportunity for development within the portfolio which is not in the nav
slicethepie
19/8/2020
10:12
368 units of theirs are vacant including 73 new properties....so think that means 295 from the existing completed portfolio (that they quote). Units total over 3000 so over 90% occupancy in completed properties. As I've said before £2.6 bn property value - £600 m debt = £2 bn. Equity now under £1 bn so properties would have to fall by over £1 bn or approx 40%......seems cheap despite the risk of long term shift to at home working.
elsa7878
19/8/2020
10:01
Totally bombed out 540p
its the oxman
11/8/2020
12:41
Let's get the kids back to school and the workers back to the City and we'll see where we are. I'm feeling fairly optimistic. Suet
suetballs
06/8/2020
10:47
Our new chairman obviously thinks there is value at this level!
slicethepie
Chat Pages: 338  337  336  335  334  333  332  331  330  329  328  327  Older
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