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EPIC WRKS
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TheWorks.co.uk plc – reckons can deliver further sales growth… but consumer pressures starting to bite?

Arts, crafts, toys, books and stationery retailer TheWorks (WRKS) has issued a full-year trading update including “trading performance… well ahead of pre-COVID levels… net cash of £16.3m… Dividend re-instated; the board expects to recommend a dividend of approximately 2.4 pence per share alongside its FY22 results in September and maintain a progressive dividend policy thereafter”. With though also the EBITDA forecast only “reiterated”, what of a current more than 13% increased share price to 57p?...

EPIC WRKS
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TheWorks.co.uk plc – trading reflecting ‘strong strategic progress’…or weak comparatives?

TheWorks.co.uk plc (WRKS) has made a half-year trading update emphasising trading “stronger than expected, with a two-year LFL sales increase of 14.5% and total two-year sales growth of 17.9%… reflects the increasing appeal of The Works' proposition and the strong progress in implementing our strategy” and “net cash of £17.8m at the period end, an increase of £17.0m during H1 FY22”. With the shares at 58p, is this value at a current £36.25 million market cap?...

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