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

By Steve Moore | Friday 12 November 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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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