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How is Wickes getting along?

By Chris Bailey | Tuesday 31 January 2023

Disclosure: I own shares in one or more of the stocks mentioned. 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.

I am not a regular at my local Wickes (WIX) store, but I do respect it as a business. Back in December 2021, I observed that “I think Travis Perkins (TPK) was smart to spin-off Wickes as last April was a pretty optimistic time for trade companies”. Thirteen months ago, I was talking about a share that had been shifted from c. 250 pence to about a two quid share price. However, today’s Wickes share price is only just over 150p.
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