Walker Crips PLC (WCW)

[DrFfybes]

Is this nominative determinism?

Someone called "leicester" keen on Walkers Crisps?



Paul

[WickedLester]

There's an interesting story from Sky News this morning.

https://news.sky.com/story/revitalised- ... t-12580277

Revitalised NatWest weighs £3bn for wealth management giant

[WickedLester]

WCW released their final results yesterday at the rather unusual time of 3pm and they're respectable rather than great, although they would have been very good if it wasn't for a couple of very significant exceptional items.

https://www.investegate.co.uk/walker-cr ... 01323135U/

· Total revenues increased 8.1% to £32.8 million (2021: £30.3 million).

· A significant improvement in operating profit to £326,000 (2021: £22,000), being £1,866,000 (2021: £441,000) when adjusted for operational exceptional items*.

· Profit before tax £324,000 (2021: loss before tax £114,000), being profit before tax £1,761,000 (2021: £305,000) when adjusted for total exceptional items*.

· Adjusted EBITDA increased 49% to £3.90 million (2021: £2.61 million) **.

· Underlying cash generated from operations improves 71% to £1.34 million (2021: £0.78 million)***.

· Cash and cash equivalents £11.11 million (2021: £8.86 million).

· Assets Under Management ("AUM") increased by 5.9% to £3.6 billion (2021: £3.4 billion).

· Proposed final dividend of 1.20 pence per share (2021: 0.60 pence per share), bringing the total dividends for the year to 1.50 pence per share (2021: 0.75 pence per share).

It's nice to see the dividend up to 1.5p for the year, a pretty healthy yield.

I remain of the opinion that this business could be sold for a significant premium and am happy to keep holding.