Workspace Share Discussion Threads

[volsung] 14/12/2023 09:49

Nice wee rise

[volsung] 13/12/2023 16:02

Bought a few
Nice quiet board

[its the oxman] 21/11/2023 08:35

Further progress made hopefully worst of the valuation adjustmrnt is now past. Div up. Steady progress being made. Just need the macro situation to turn in our favour re interest rates.

[18bt] 21/11/2023 08:13

Good ongoing trading - sensible debt levels and just waiting for valuations to adjust to the new normal. My preferred stock in the office sector.

[its the oxman] 15/11/2023 11:38

Bavk to 600p. Just need to get back to 1200p now. Will happen one day. Just need interest rates to tumble.

[suetballs] 14/11/2023 17:36

Interim results next Tuesday.
Suet

[18bt] 05/11/2023 18:22

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.

[suetballs] 02/11/2023 16:01

Nice move today - hope it continues.
Suet

[blueclyde] 16/8/2023 13:47

Decent inflation figures but only a handful of trades all day for a FTSE 250 company. Well done the Brexiteers.

[blueclyde] 12/8/2023 14:49

Current NAV 9.27 GBP a share.

[blueclyde] 12/8/2023 14:47

Hoping for a big rise on Wednesday if UK inflation numbers show signs of having topped. The NAV of this has held up very well and can see this nearly doubling if inflation starts trending down. Increasing rent and occupancy stable suggests the fall has been over done imo.

[18bt] 06/7/2023 09:56

Shares xd today, the main reason for the share price fall. Business update is reassuring.

[its the oxman] 22/6/2023 23:45

Ouch 470p again

[hindsight] 25/5/2023 13:03

Yes very pleasing numbers especially if only look at thier knitting

[its the oxman] 25/5/2023 09:59

With nav holding up well. Plenty of upside to come as interest rates peak and fall. Not so far away now.

[18bt] 25/5/2023 07:32

Workspace looks to be a strong performer in this environment - NAV only down 6.2%, debt is low and little with the 2024 cliff edge refinancing, occupancy looks to be continuing to defy WFH (little surprise there) and rental income continues to rise. A 49% discount to NAV feels excessive.

[hugepants] 18/5/2023 15:09

It looks bad but it was par for the course eg. CTPT's industrial assets fell 30% in same time period.

[blueclyde] 17/5/2023 11:32

Bit of a disappointment selling so much property for a 27% discount from what it was valued at only 7 months ago....

[its the oxman] 15/5/2023 16:12

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.

[suetballs] 14/4/2023 07:21

Solid trading update yesterday - but this sector is out of favour.
Happy to hold for the dividend and a better share price to come - hopefully.
Suet

[lochgarman] 01/4/2023 11:28

indeed folks...this is absurdly cheap.....we really are a takeover target at this valuation.

[hugepants] 28/3/2023 10:16

Yes NAV wont be 974p any more but I think it will be north of 800p. London properties so you would hope would they'd hold their value better than properties in an out of town business park

[its the oxman] 28/3/2023 08:43

Hard to believe this is 430p given their quality assets and future potential. Just got to wait for the interest cycle to turn and hope things improve.

[hugepants] 10/3/2023 09:42

Bought back in here on today's residential sale news.