Workspace Group (WKP)

Sector:

Property Investment Trusts

Index:

FTSE 250

636.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 663.00
  • 52 Week Low: 458.00
  • Currency: UK Pounds
  • Shares Issued: 192.14m
  • Volume: 77,460
  • Market Cap: £1,222.03m
  • RiskGrade: 166

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 4.4% 0.0%
Div Cover 1.2 1.2
Op Mrgn -85.7% 67.0%
ROCE n/a  
Latest F'cast
P/E 18.7 17.7
PEG 2.5 2.9
Pr/Revenue 6.6 7.9
Pr/Book 0.8  
Latest F'cast
Revenue 5.8% -15.7%
PBT n/a n/a
EPS 7.6% 6.0%
DPS 8.5% 5.2%

Workspace Group Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-20 161.40 72.50 44.60p 17.0 1.7 +10% 36.16p 4.8%
31-Mar-21 142.30 (235.70) 21.30p 37.6 n/a -52% 17.75p 2.2%
31-Mar-22 132.90 124.00 25.80p 26.6 1.3 +21% 21.50p 3.1%
31-Mar-23 174.20 (37.50) 31.70p 13.8 0.6 +23% 25.80p 5.9%
31-Mar-24 184.30 (192.80) 34.10p 15.0 1.9 +8% 28.00p 5.5%

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-25 155.40 104.17 36.15p 17.6 2.9 +6% 29.45p 0.0%
31-Mar-26 162.25 109.49 38.46p 16.5 2.6 +6% 31.33p 0.0%
31-Mar-27 165.06 116.56 41.26p 15.4 2.1 +7% 33.48p 0.0%

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Workspace Group Company Announcements

Director/PDMR Shareholding 27-Sep-2024 14:22 RNS
Director/PDMR Shareholding 18-Sep-2024 12:02 RNS
Block Listing Application 12-Sep-2024 07:00 RNS

Workspace Group ShareCast News

Workspace sells Woking development for £13m 29-Jul-2024 ShareCast
Workspace grows Q1 rental income as pricing impr... 11-Jul-2024 ShareCast
London close: Stocks rise as UK election enters ... 04-Jul-2024 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
27-Sep-24 Transfer From Graham Clemett 0.000p 48,548 £0.00
17-Sep-24 Buy David Stevenson 648.80p 462 £2,997.45

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 636.00p
Change Today -3.00p
% Change -0.47 %
52 Week High 663.00
52 Week Low 458.00
Volume 77,460
Shares Issued 192.14m
Market Cap £1,222.03m
RiskGrade 166

Workspace Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.39% below the market average39.39% below the market average39.39% below the market average39.39% below the market average39.39% below the market average
25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average
Price Trend
87.22% above the market average87.22% above the market average87.22% above the market average87.22% above the market average87.22% 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
Income
31.85% above the market average31.85% above the market average31.85% above the market average31.85% above the market average31.85% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Growth
9.55% above the market average9.55% above the market average9.55% above the market average9.55% above the market average9.55% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 3
Sell 1
Strong Sell 0
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 04-Jul-24 04-Jan-24
Paid 02-Aug-24 02-Feb-24
Amount 19.00p 9.00p

Trades for 03-Oct-2024

Time Volume / Share Price
16:35 46,603 @ 636.00p
16:35 3 @ 636.00p
16:35 316 @ 636.00p
16:35 38 @ 636.00p
16:35 230 @ 636.00p

Workspace Group Key Personnel

CEO Graham Clemett
CFO David Benson

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