Last 721.00 GBp
Change Today +13.00 / 1.84%
Volume 503.4K
WKP On Other Exchanges
Symbol
Exchange
London
Frankfurt
As of 11:35 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

workspace group plc (WKP) Snapshot

Open
715.00 GBp
Previous Close
708.00 GBp
Day High
721.00 GBp
Day Low
701.00 GBp
52 Week High
12/5/14 - 724.00 GBp
52 Week Low
12/20/13 - 500.00 GBp
Market Cap
1.2B
Average Volume 10 Days
186.7K
EPS TTM
2.10 GBp
Shares Outstanding
161.0M
EX-Date
01/8/15
P/E TM
3.4x
Dividend
10.98 GBp
Dividend Yield
1.47%
Current Stock Chart for WORKSPACE GROUP PLC (WKP)

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workspace group plc (WKP) Details

Workspace Group PLC, a real estate investment trust (REIT), engages in property investment in the form of letting of business accommodation to small and medium sized enterprises in London and the South East of England. It offers space for serviced offices, offices, studios, workshops, and light industrial units. The company owns 100 estates, comprising approximately 5.77 million square feet, and provides accommodation for 4,000 small businesses in London and the South East. It has a joint venture with Workspace Glebe Limited, which engages in property investment. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90 % of its REIT taxable income to its share holders. Workspace Group PLC, formerly known as London Industrial PLC, was founded in 1987 and is headquartered in London, the United Kingdom.

182 Employees
Last Reported Date: 06/14/14
Founded in 1987

workspace group plc (WKP) Top Compensated Officers

Chief Executive and Executive Director
Total Annual Compensation: 888.3K GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 555.2K GBP
Compensation as of Fiscal Year 2014.

workspace group plc (WKP) Key Developments

Workspace Group Seeks Acquisitions

Workspace Group plc (LSE:WKP) is looking to acquire further properties in strategic London locations.

Workspace Group plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

Workspace Group plc announced unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company announced revenue of GBP 40.3 million compared to GBP 35.7 million for the same period a year ago. Operating profit was GBP 177.2 million compared to GBP 115.9 million for the same period a year ago. Profit before tax was GBP 173.7 million compared to GBP 107.8 million for the same period a year ago. Profit for the period after tax was GBP 173.7 million compared to GBP 107.8 million for the same period a year ago. Profit attributable to owners of the parent company was GBP 164.7 million compared to GBP 100.8 million for the same period a year ago. Diluted earnings per share were 111.4 pence compared to 68.4 pence for the same period a year ago. Net cash inflow from operating activities was GBP 14.1 million compared to GBP 10.6 million for the same period a year ago. Capital expenditure on investment properties was GBP 16.1 million compared to GBP 13.4 million for the same period a year ago. Purchase of property, plant and equipment was GBP 0.2 million compared to GBP 0.4 million for the same period a year ago. Net debt as on September 30, 2014 was GBP 330.8 million compared to GBP 324.2 million as on September 30, 2013.

WKP Eyes Acquisitions

Workspace Group plc (LSE:WKP) is looking for acquisition opportunities. WKP announces that cash-box placing of up to 14.627 million new ordinary shares, representing approximately 9.99% of the current issued share capital of WKP. WKP intends to use the proceeds to extend the WKP's ongoing refurbishment pipeline, which is expected to enhance rental income and values, progress acquisition opportunities in core London locations where there is an opportunity to apply the Workspace model to drive rents and values and to increase its debt facilities to provide additional funding whilst maintaining an appropriate level.

 

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Industry Analysis

WKP

Industry Average

Valuation WKP Industry Range
Price/Earnings 3.4x Not meaningful
Price/Sales 11.6x
Price/Book 1.2x
Price/Cash Flow 3.7x
TEV/Sales 12.8x
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