Ripley94
15 Nov 2017
Re: NEW ARTICLE: Stockwatch: A long-term buy... RNS not good .. market did not like down 30% . Top of fall list
II Editor
10 Oct 2017
NEW ARTICLE: Stockwatch: A long-term buy with caveats "Can AIM-listed luxury furnishings group LSE:WGB:Walker Greenbank regain momentum, or is it best to sell lest discretionary consumer spending falters?It's also a pertinent example of export issues under Brexit and valuation, compared with ..."[link]
II Editor
07 Jul 2017
NEW ARTICLE: Stockwatch: An AIM stock to benefit from Brexit "Is it time to reconsider AIM-listed luxury interior furnishings group LSE:WGB:Walker Greenbank at 220p currently?I drew attention repeatedly from 22p in January 2010 when it traded on a forward price/earnings (PE) multiple of about 8 times, also ..."[link]
leperky
23 May 2017
Annual report out [link] in the year ahead are expected to benefit from the newcollections launched this spring, from the continued momentum of ourlicensing activities and from the significant contribution from Clarke &Clarke. With this backdrop, we remain confident in meeting the Board’sexpectations for the current financial year.'America up 5% odd, div up 25%.... Would have been better if not for the flood. This has been trading sideways for a while now and i'm anticipating a breakout at some point if they continue to perform this well.....
The buzz
24 Jan 2017
Re: The benefits of insurance payments There was I saying that Colefax had been doing well, however some disappointing results were published today. They reported poorer sales to USA plus a large technical loss on dollar/£ exchange rate change with their hedged position. Presumably a similar situation may arise with WGB since they operate in the same market space, albeit with less exposure to the USA?The B
The buzz
23 Jan 2017
Re: The benefits of insurance payments ...and another windfall payment of £1m and more to come. My these insurance people are have guaranteed their place on WGB's Christmas card list for many years to come!As an aside, CFX have been doing really well just recently - no doubt helped by the £50k increase in profits for each 1c fall in the £/US$ exchange rate. If WGB benefit in kind (their USA business is much smaller) then they should also have better profits from the USA. Although CFX sources much of their material from WGB, I don't think that the volumes will have radically changed - especially with their factory downtime.The B
Biscuit Barrell
28 Oct 2016
The benefits of insurance payments Looking at today's announcement on insurance payments I am reminded once again of the benefits of these incidents when insurance pays out. The opportunity to re-build a factory from scratch is significant. Laying out the factory from a blank sheet of paper, putting down brand new lines that replace older less efficient lines, re-building stock and replacing stock that probably included obsolete stock that would never sell, all of this is enormously beneficial for future management of the daily operations of a factory. The share price at Walker Green back has languished since the flooding incident. Investors were no doubt concerned about the loss of sales and sales momentum. Management has a great opportunity to rebuild the Business with a state of the art manufacturing facility. I think investor reactions have not reflected the positives of this story and the share price will recover strongly
Biscuit Barrell
05 Aug 2016
Re: £12m Interim Insurance Payout I stand corrected
Peter Stanton
05 Aug 2016
Re: £12m Interim Insurance Payout Hi Biscuit Barrel,I believe that it was a flood, not a "fire" as you stated. Just setting the record straight GLA
Biscuit Barrell
04 Aug 2016
Re: £12m Interim Insurance Payout I have maintained all along that the fire is not necessarily bad news for the business. As long as the insurance pays out.We are seeing that the insurance is paying out and in addition the business should benefit from a lower pound although a weaker UK economy may hit domestic sales.However the insurance benefits are not being priced in (IMHO). New equipment replaces old at no cost to the company. Faster run speeds, better quality, reduced labour costs. The company will be seeking insurance compensation to reflect stalled growth - I have argued the case on insurance claims and won - I see no reason why WGB should not achieve the same outcome - but we will only see in future insurance payouts.So in the coming months I expect to see an acceleration in performance as factories get fully on stream, take advantage of lower FX and catch up lost time. And insurance payouts should also support the share price. I topped up at 180 a few weeks ago - this remains an attractive long term investment.
The buzz
03 Aug 2016
£12m Interim Insurance Payout H1 results seem ok bearing in mind the disruption due to the flood. Interim £12m insurance payout must go an awful long way to mitigate on the lost production.Hardly surprising that they predict a modest improvement due to the post Brexit lower valuation for the £. That said they buy quite a bit of fabric from the EU, in particular from Italy.The B
pharmaspecialist
12 Jul 2016
Re: NEW ARTICLE: Stockwatch: An appealing bi... Yes I would agree with this article by Edmond Jackson. I would also point out that Americans like strong brands and they also adore British heritage so Walker Greenbank may indeed prove of interest to a US acquirer. However, as a long term holder, I would be happy for it to remain independent because of the long term growth prospects.
II Editor
12 Jul 2016
NEW ARTICLE: Stockwatch: An appealing bid target? "Here is a prime example of how the British economy can genuinely thrive after the EU referendum. A falling currency is a boon to exporters, but can they step up to the challenge? A dilemma is public policy in recent years having fostered ..."[link]
The buzz
11 Jul 2016
RNS re Indo Count This sounds like a good move. Low cost base selling high quality products with established outlets at major US stores.[link] experience in the USA is that one is unlikely to buy Walker Greenbank products unless one gets a designer to come and sort things out for you. If one goes to a departmental store, it is not like John Lewis offering WGB etc fabrics. They do of course sell completed products such as bedding, so WGB will have another seamless outlet for their products to the general public in the USA. As to the value of the contract - I would say that it is a small but useful earner.I note post BrExit that WGB has fallen back a bit. In many respects they will be neutral with the Euro zone as they buy much of the product there . The US will benefit - but is still a relatively small proportion - unlike CFX for example. So WGB remains on my watch list as I am wary of the current market turmoil and my resources are now more liquid than normal (despite some bottom fishing) - partly because post BrExit many of my shares surged and I did some top slicing.The B
The buzz
16 Jun 2016
Re: Insurance payment Despite the company saying that they will be compensated for the loss of profit from the flooding, the market has marked the shares down - presumably because of the loss of business. It is going to take quite a while to make up for the production shortfall to fill up the Milton Keynes depot again. I was advised against buying Sanderson fabric for a new suite a few years back, as delivery could be lengthy - and it did take a long time to arrive. When I raised this issue at an AGM I was assured that the delays had been resolved. I fear that WGB's regained reputation may now be tarnished with expectations of unacceptably long delays when one orders WGB products.I would anticipate a slow recovery in stocks and orders - but has the disruption had a longer term impact on future sales? - so overall, despite the insurance payout, is the company worse off than it would otherwise have been?The B
