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Today’s episode of Retail-aggedon – Theworks.co.uk Timber!

2019-11-07 13:22:47

This operator of 525 outlets flogging gifts, arts, crafts, toys, books and stationery raised a stonking £62.5 million at 160p, c/o crony capitalists Investec in July of last year. Just imagine the fees it earned on that deal. Coke and hookers all round. After a profits warning today shares in TheWorks (WRKS)  are just 44p and the company will pretty soon be in net debt, in fact I suspect it already is. Yikes. Cue the ShareProphets National Anthem below….

TheWorks.co.uk (#WRKS) – H1 LFL sales decline, now expects FY PBT “to be significantly below current market expectations”

2019-11-07 07:17:42

TheWorks – like-for-like sales +3% & returns on new stores “particularly strong”... so why the share price slump?

2019-05-09 14:39:37

“TheWorks.co.uk plc (WRKS), the multi-channel value retailer of gifts, arts, crafts, toys, books and stationery, announces today a trading update covering the 52-week period to 28 April 2019… like-for-like sales growth of 3.0%... Returns on new stores in the period have been particularly strong”… And a current approaching 20% share price decline, below 100p?...