Walker Greenbank (WGB)

Sector:

Household Goods

Index:

FTSE AIM All-Share

41.25p
   
  • Change Today:
    -0.75p
  • 52 Week High: 91.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 70.98m
  • Volume: 870,356
  • Market Cap: £29.28m
  • RiskGrade: 382

Walker Greenbank cuts interim dividend as profit falls

By Duncan Ferris

Date: Tuesday 15 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Walker Greenbank cut its interim dividend after drop profits fell on the back of restructuring costs and its acquisition of Clarke & Clarke.


The interior design and furnishings group booked a 10% fall in pre-tax profit to £3.5m for the six months to July 31, as non-underlying expenses increased from £38,000 to £1.1m.

The interim dividend was slashed to 0.52p a share from 0.69p but the firm said it expected to maintain its full year pay-out ratio.

Revenue climbed 2% to £55.9m as license royalty income from the use of Walker Greenbank designs jumped 62% to £3.2m following a strong performances from core bedding, blinds and Japanese licensees.

Non-executive chair Dianne Thompson said trading in the first half of the year was in line with the expectations and continued to "reflect the challenges affecting the consumer sector both in the UK and internationally".

"We have made significant progress with our strategy review and have begun taking steps to increase the focus of the business going forwards to drive sales and increase efficiency," she said, adding that she expected full year results to meet expectations.

Walker Greenbank shares were down 1.61% at 73.30p at 1040 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WGB Market Data

Currency UK Pounds
Share Price 41.25p
Change Today -0.75p
% Change -1.79 %
52 Week High 91.00
52 Week Low 27.50
Volume 870,356
Shares Issued 70.98m
Market Cap £29.28m
RiskGrade 382

WGB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.07% above the market average99.07% above the market average99.07% above the market average99.07% above the market average99.07% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
80.56% below the market average80.56% below the market average80.56% below the market average80.56% below the market average80.56% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Income
89.45% above the market average89.45% above the market average89.45% above the market average89.45% above the market average89.45% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
85.89% below the market average85.89% below the market average85.89% below the market average85.89% below the market average85.89% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WGB Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 18-Jul-19
Paid 22-Nov-19 09-Aug-19
Amount 0.52p 2.55p

Trades for 03-Jul-2020

Time Volume / Share Price
16:25 10,000 @ 42.00p
16:20 5,000 @ 41.55p
16:20 5,000 @ 41.55p
16:19 27,216 @ 41.23p
15:59 2,500 @ 42.66p

WGB Key Personnel

CEO Lisa Montague
CFO Michael Williamson

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