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WKP Workspace Group Plc

534.00
-4.00 (-0.74%)
Last Updated: 10:41:51
Delayed by 15 minutes
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 Shares Traded Last Trade
  -4.00 -0.74% 534.00 19,531 10:41:51
Bid Price Offer Price High Price Low Price Open Price
533.00 534.00 538.00 531.00 538.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 184.3M -192.5M -1.0031 -5.32 1.03B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:41:08 AT 191 534.00 GBX

Workspace (WKP) Latest News

Workspace (WKP) Discussions and Chat

Workspace Forums and Chat

Date Time Title Posts
29/7/202407:53WKP charts and news8,451
01/5/202407:50Price Target-
16/7/201805:09Workspace (WKP) One to Watch on Monday 1
16/9/200915:37Workspace going bankrupt??15
26/8/200916:54Trend & Market1

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Workspace (WKP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:41:08534.001911,019.94AT
10:41:08534.00948.06AT
10:41:08534.0091485.94AT
10:41:08534.0088469.92AT
10:41:08534.0021112.14AT

Workspace (WKP) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Workspace Daily Update
Workspace Group Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker WKP. The last closing price for Workspace was 538p.
Workspace currently has 191,897,854 shares in issue. The market capitalisation of Workspace is £1,024,734,540.
Workspace has a price to earnings ratio (PE ratio) of -5.32.
This morning WKP shares opened at 538p
Posted at 05/6/2024 07:35 by its the oxman
Decent enough results today. Div up and wkp comments ,Our valuation was down in the year by 9.5%, although the reduction was significantly lower in the second half. I would expect this valuation to be the low point of the current cycle given the forecast of interest rate reductions combined with our ability to continue to deliver pricing growth and value-add asset management activity.So a game of patience now for those willing to wait for interest rates to be cut and valuations to rise.
Posted at 01/5/2024 07:50 by shafi77
1 Year price target £8.50 based on interest rate cuts ?
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 12/8/2023 13:49 by blueclyde
Current NAV 9.27 GBP a share.
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 14/10/2022 12:24 by ydderf
If you renew borrowings at current rates and change capitalisation rates in accordance with normalised interest rates property valuations drop sharply - this is what lies ahead for all property companies in the UK and explains the weak share prices. There is much further to go, but not in the next few weeks, 2023 will be bloody. Property funds closing to redeemers is the canary the coal mine - soon there will cease to be a market until prices painfully adjust to long gilts at 5% and heading up.

Residential will also crater

What does it say about the CFO's judgement that he bought at £5 a month back - not a lot, I would suggest
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 16/5/2022 12:35 by km18
Workspace Group plc last week completed the acquisition of McKay Securities plc. Following completion, Workspace's portfolio comprises gross property assets of £2.9bn with 5.5m sq. ft. of lettable space. Workspace has allotted 10,513,098 new ordinary shares of £1 each as part of the consideration for the transaction, nearly 5% equity dilution. Long term investments are up around 23% on end FY21 levels, pointing to a commensurate boost to revenues to come. Obviously the sector has been hard hit by COVID and multiple lockdowns, share price is still close to 50% below pre-Pandemic levels. The balance sheet is solid with plenty of cash, but valuation is average and the share price lacks momentum. A name to monitor for now....

...from WealthOracleAM
Workspace share price data is direct from the London Stock Exchange

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