Workspace Share Discussion Threads

[hawaly] 11/10/2019 12:59

Why the rise ??

Boris et al ....... let's see what the weekend brings.


Another pound to reach the June placing price.

GLA

[its the oxman] 16/9/2019 09:46

Double bottom in place, decent story and hoping for better times ahead, sub 900p was way too cheap.

[hawaly] 01/8/2019 11:52

Boris et al ......

[a1314c] 01/8/2019 09:45

Why the drop ?? ?

[18bt] 05/6/2019 07:45

Good results and chunky 20% dividend hike. Continue to like the business model and strong operational management. Pity there wasn't any more news on a CEO, but more than happy to hold and see some share price upside as 17% discount to NAV and 3.6% forecast yield. Sooo much better value than WeWork!

[red army] 17/1/2019 08:45

Still in downtrend though as are a number of REITS in UK. The questions is - when is the bottom of the chart?

[suetballs] 17/1/2019 08:25

Heading back to £9 - nice.
Suat

[suetballs] 14/11/2018 15:42

Nice results today and a 20% dividend increase.
Suet

[davr0s] 16/7/2018 06:09

Think you'll find they updated the market last week

[danieldanj] 16/7/2018 03:29

Workspace (WKP) Earnings-Reaction to Keep an Eye

[davr0s] 06/6/2018 17:43

Yep no drama - looking for that to put a floor under the price

[suetballs] 06/6/2018 17:26

Placing price £11 gross of expenses. Pretty good.
Suet

[davr0s] 06/6/2018 08:07

That was a pretty bullish report so not too worried by any short term weakness if we get it

[18bt] 06/6/2018 08:04

Bookbuild, so we'll only find out later

[asturius101] 06/6/2018 07:57

what is the placing priced at

[18bt] 06/6/2018 07:54

Decent results, but placing will hit recent strong price.

[vetpeter2] 06/6/2018 07:47

Workspace Group PLC (WKP.LN) said Wednesday that it nearly doubled its pretax profit for fiscal 2018 and that it is planning a placing to raise funds for its project pipeline and property-acquisition program.

The company, which provides rentable working spaces, said its profit before tax for the year ended March 31 was GBP170.4 million, up from GBP88.8 million the previous year. Revenue rose 18% to GBP128.9 million.

Profit was buoyed both by growing rental income as well as a GBP82.5 million credit booked on the change in the fair value of investment properties. The company said its wholly-owned property portfolio was independently valued by the commercial real-estate services provider CBRE Group Inc. (CBRE), which estimated an underlying increase of 5%, or GBP102 million, in the valuation.

Workspace said it plans on issuing 16.3 million new shares in an accelerated bookbuild that it launched immediately announcing it. The new shares are worth GBP189.9 million pounds based on Tuesday's closing price.

The proceeds of the placing will be used to fund the project pipeline and the acquisition of properties across London, where it sees opportunities to apply its business model.

The company declared a final dividend of 18.55 pence a share, up from 14.27 pence in the previous-year period.

[suetballs] 04/6/2018 18:38

Full year results on Wednesday 6th June.
Suet

[davr0s] 30/4/2018 19:19

Good old break out - doesn't have to be any news for it to happen

[suetballs] 30/4/2018 18:02

Not complaining - but what is happening here?
Suet

[kiltrock] 24/4/2018 11:57

What a nice earner this is proving for me, bought in the depth of 2010?

[suetballs] 24/4/2018 00:21

chart / share price looking good.
Surt

[r ball] 27/12/2017 10:47

Read across?