TheWorks – “continues to be confident in The Works' proposition”?...

Retailer of arts, crafts, toys, books and stationery TheWorks (WRKS) has updated including “the company plans to re-open 465 stores across England, Northern Ireland and the Republic of Ireland next week and will look to re-open its remaining stores in Scotland and Wales as soon as possible thereafter” and “the board continues to be confident in The Works' proposition and the re-opening of its stores significantly improves its trading outlook”… and the shares have currently responded higher to 26.4p...

TheWorks.co.uk (#WRKS) – plans store re-openings next week, “continues to have constructive dialogue with its lending bank”

TheWorks – ‘appropriate liquidity in place’?...

Retailer of arts, crafts, toys, books and stationery TheWorks (WRKS) has updated on its year ended 26th April 2020, initially emphasising a return to positive momentum in the second half… “prior to the COVID-19 outbreak”...

TheWorks.co.uk (#WRKS) – believes “currently has appropriate liquidity in place” based on ‘cautious modelling’ given uncertainties & potential impact of social distancing in stores

Retail-aggedon: TheWorks just about avoids ANOTHER profits warning but CEO walks anyway

How different it was eighteen months ago when Investec raised £62.5 million  at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.

TheWorks.co.uk (#WRKS) – H1 adj. LFL sales -1.9%, Christmas improvement but slower start to post-Christmas sale, CEO ‘steps down’

Today’s episode of Retail-aggedon – Theworks.co.uk Timber!

This operator of 525 outlets flogging gifts, arts, crafts, toys, books and stationery raised a stonking £62.5 million at 160p, c/o crony capitalists Investec in July of last year. Just imagine the fees it earned on that deal. Coke and hookers all round. After a profits warning today shares in TheWorks (WRKS)  are just 44p and the company will pretty soon be in net debt, in fact I suspect it already is. Yikes. Cue the ShareProphets National Anthem below….

TheWorks.co.uk (#WRKS) – H1 LFL sales decline, now expects FY PBT “to be significantly below current market expectations”

TheWorks – like-for-like sales +3% & returns on new stores “particularly strong”... so why the share price slump?

“TheWorks.co.uk plc (WRKS), the multi-channel value retailer of gifts, arts, crafts, toys, books and stationery, announces today a trading update covering the 52-week period to 28 April 2019… like-for-like sales growth of 3.0%... Returns on new stores in the period have been particularly strong”… And a current approaching 20% share price decline, below 100p?...