Walker Greenbank (WGB)

Sector:

Household Goods

Index:

FTSE AIM All-Share

 72.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 92.00p
  • 52 Week Low: 56.20p
  • Currency: UK Pounds
  • Shares Issued: 70.98m
  • Volume: 0
  • Market Cap: £51.46m
  • RiskGrade: 109
  • Beta: 0.01

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 72.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 92.00p
52 Week Low 56.20p
Volume 0
Shares Issued 70.98m
Market Cap £51.46m
Beta 0.01
RiskGrade 109

WGB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.28% above the market average92.28% above the market average92.28% above the market average92.28% above the market average92.28% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Price Trend
51.82% below the market average51.82% below the market average51.82% below the market average51.82% below the market average51.82% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Income
62.08% above the market average62.08% above the market average62.08% above the market average62.08% above the market average62.08% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
65.98% below the market average65.98% below the market average65.98% below the market average65.98% below the market average65.98% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% 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 --2019

Time Volume / Share Price
0 @ 0.000p

WGB Key Personnel

CFO Mike Gant
CEO Lisa Montague

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