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  6. Workspace Group Plc (WKP)

  7. Workspace Group Plc (WKP) Share Price

WKP Workspace Group Plc

541.00
0.00 (0.0%)
30 Nov 2023 - Closed
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
Upgrade Icon
  0.00 0.0% 541.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
539.00 541.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 174.2M -37.8M -0.1972 -27.43 1.04B
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 541.00 GBX
Related Shares
Segro (SGRO), Land Securities (LAND), Kcr Residential Reit (KCR), Circle Property (CRC)

Workspace (WKP) Latest News (1)

Workspace News

Date Time Source Headline
29/11/202317:30UKREGWorkspace Group PLC Holding(s) in Company
28/11/202315:23UKREGWorkspace Group PLC Holding(s) in Company
27/11/202315:30UKREGWorkspace Group PLC Holding(s) in Company
23/11/202315:16UKREGWorkspace Group PLC Holding(s) in Company
21/11/202310:49ALNCNewsWorkspace swings to half-year loss on interest rate pressure
21/11/202307:00UKREGWorkspace Group PLC WORKSPACE GROUP PLC HALF YEAR RESULTS
10/11/202315:09UKREGWorkspace Group PLC Holding(s) in Company
10/11/202314:02UKREGWorkspace Group PLC Committee Changes
09/11/202317:31UKREGWorkspace Group PLC Holding(s) in Company
06/11/202317:01UKREGWorkspace Group PLC Holding(s) in Company

Workspace (WKP) Discussions and Chat

Workspace Forums and Chat

Date Time Title Posts
21/11/202308:35WKP charts and news8,443
16/7/201805:09Workspace (WKP) One to Watch on Monday 1
16/9/200915:37Workspace going bankrupt??15
26/8/200916:54Trend & Market1
02/2/200920:13SIPPS/INFLATION/DEPRECIATION2

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Workspace (WKP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-11-29 17:04:44545.1723125.39O
2023-11-29 16:56:35540.99105568.04O
2023-11-29 16:45:13540.504472,416.04O
2023-11-29 16:35:29541.0071,445386,517.45UT
2023-11-29 16:29:47539.50137739.12AT

Workspace (WKP) Top Chat Posts

Top Posts
Posted at 29/11/2023 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 541p.
Workspace currently has 191,638,357 shares in issue. The market capitalisation of Workspace is £1,036,763,511.
Workspace has a price to earnings ratio (PE ratio) of -27.43.
This morning WKP shares opened at -
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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.
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Posted at 12/8/2023 13:49 by blueclyde
Current NAV 9.27 GBP a share.
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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.
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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
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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.
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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
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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.
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Posted at 23/8/2022 14:21 by hugepants
I missed the update in July.

LTV is 32% due to the McKay acquisition but this will go below 30% as they sell off the non-core properties. Anyway discount back up now to a crazy looking 45%.
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Posted at 05/7/2022 21:52 by hugepants
4 July. Barclays cuts Workspace Group price target to 640 (800) pence - 'underweight'

Epra NTA is 988p so this is already on an very large 45% discount. LTV is only 23%


and massive headroom on covenants;

All outstanding borrowings require compliance with LTV and Interest Cover covenants. As at the tightest test date in the scenarios modelled, the Group could withstand a reduction in net rental income of 51% and a fall in the asset valuation of 56% compared to 31 March 2022 (pro-forma including McKay) before these covenants are breached, assuming no mitigating actions are taken.
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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
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Workspace share price data is direct from the London Stock Exchange

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