Workspace Group (WKP)

Sector:

Property Investment Trusts

Index:

FTSE 250

600.50p
   
  • Change Today:
      4.50p
  • 52 Week High: 1,307.00
  • 52 Week Low: 550.50
  • Currency: UK Pounds
  • Shares Issued: 181.11m
  • Volume: 216,749
  • Market Cap: £1,087.54m
  • RiskGrade: 245

Workspace Group Overview

Workspace Group rents out offices, studios, and warehouses to small and medium sized enterprises in London and the South East. Tenants can utilise the groups’ privileged insurance scheme, Workspace Plus Insurance, and many apartments are being networked with internet through their joint venture with Centric Telecom.

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Financials

Latest F'cast
Div Yield 6.0% 4.4%
Div Cover 1.2 1.2
Op Mrgn 59.4% 50.1%
ROCE 3.6%  
Latest F'cast
P/E 13.5 18.2
PEG 1.4 n/a
Pr/Revenue 6.7 9.9
Pr/Book 0.5  
Latest F'cast
Revenue 8.0% -33.8%
PBT -47.2% -26.1%
EPS 9.9% -30.3%
DPS 10.0% -26.7%

Workspace Group Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-16 101.20 391.30 26.80p 29.2 0.5 +56% 15.05p 1.9%
31-Mar-17 108.80 88.80 30.60p 25.7 1.8 +14% 21.07p 2.7%
31-Mar-18 128.90 170.40 36.80p 27.0 1.3 +20% 27.39p 2.8%
31-Mar-19 149.40 137.30 40.60p 24.0 2.4 +10% 32.87p 3.4%
31-Mar-20 161.40 72.50 44.60p 17.0 1.7 +10% 36.16p 4.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Workspace Group Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-21 106.84 53.56 31.10p 19.3 n/a -30% 26.50p 4.4%
31-Mar-22 121.96 70.96 39.94p 15.0 0.5 +28% 31.92p 5.4%

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Workspace Group Company Announcements

Director/PDMR Shareholding 06-Aug-2020 09:56 RNS
Voting Rights and Share Capital 31-Jul-2020 14:01 RNS
Director/PDMR Shareholding 28-Jul-2020 15:11 RNS

Workspace Group ShareCast News

Director dealings: Workspace chairman makes shar... 06-Aug-2020 ShareCast
Workspace Q1 demand improves but activity well b... 09-Jul-2020 ShareCast
Workspace gets planning consent for Wandsworth r... 26-Jun-2020 ShareCast

Workspace Group Top Newspaper Links

William Hill joins rights issue rush 15-Feb-2009 Sunday Telegraph
Workspace first REIT to tap investors with £87m ... 28-Jan-2009 Telegraph
Firms chase more capital 25-Jan-2009 Sunday Times

Latest Workspace Group Director Deals

Traded Action Notifier PriceAmountValue
05-Aug-20 Buy Stephen Hubbard 591.43p 8,350 £49,384.70
27-Jul-20 Transfer To Graham Clemett 0.000p 20,000 £0.00
20-Jul-20 Transfer From Graham Clemett 0.000p 27,293 £0.00

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

Workspace Group Market Data

Currency UK Pounds
Share Price 600.50p
Change Today 4.50p
% Change 0.76 %
52 Week High 1,307.00
52 Week Low 550.50
Volume 216,749
Shares Issued 181.11m
Market Cap £1,087.54m
RiskGrade 245

Workspace Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.66% above the market average42.66% above the market average42.66% above the market average42.66% above the market average42.66% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
66.21% below the market average66.21% below the market average66.21% below the market average66.21% below the market average66.21% below the market average
72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average
Income
77.82% above the market average77.82% above the market average77.82% above the market average77.82% above the market average77.82% above the market average
35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average
Growth
10.85% below the market average10.85% below the market average10.85% below the market average10.85% below the market average10.85% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 5
Sell 1
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Workspace Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jul-20 09-Jan-20
Paid 07-Aug-20 05-Feb-20
Amount 24.49p 11.67p

Trades for 10-Aug-2020

Time Volume / Share Price
16:39 119,326 @ 598.52p
16:40 673 @ 598.52p
16:35 50 @ 600.50p
16:35 61,619 @ 600.50p
16:29 87 @ 597.50p

Workspace Group Key Personnel

CEO Graham Clemett
CFO David Benson

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