Is this nominative determinism?
Someone called "leicester" keen on Walkers Crisps?
Paul
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Walker Crips PLC (WCW)
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- Lemon Quarter
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- Lemon Slice
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Re: Walker Crips PLC (WCW)
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
https://news.sky.com/story/revitalised- ... t-12580277
Revitalised NatWest weighs £3bn for wealth management giant
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- Lemon Slice
- Posts: 546
- Joined: November 8th, 2016, 6:56 pm
- Has thanked: 230 times
- Been thanked: 263 times
Re: Walker Crips PLC (WCW)
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.
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.
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