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Workspace Group

Current Price 674.00p Bid 635.00p Ask 820.00p Change 1.43%
Last Updated: 25/05/2020 23:02. Prices delayed by at least 15 minutes.
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Company Overview

Workspace Group rents out offices, studios, and warehouses to small and medium sized enterprises in London and the South East. Tenants can utilise the groups' privileged insurance scheme, Workspace Plus Insurance, and many apartments are being networked with internet through their joint venture with Centric Telecom.

Financial Highlights Year Ended 31/03/2019

Revenue
£149.40m
Operating Profit/Loss
£161.90m
Dividend yield (%)
3.40
Total dividend for year
32.8700p
Dividend cover
1.24
P/E Ratio
24.00

Key Personnel

Mr Graham Clemett
Chief Executive Officer
Mr David Benson
Chief Financial Officer
Mr Daniel (Danny) John Kitchen
Non-Executive Chairman
Dr Maria Moloney
Non-Executive Director
Mr Damon Russell
Non-Executive Director
Mr Stephen Hubbard
Non-Executive Director
Ms Ishbel Jean Stewart Macpherson
Non-Executive Director
Ms Suzi Williams
Non-Executive Director
Mr Christopher Pieroni
Operations Director
Mr Chris Girling
Senior Independent Director

Stock Details

EPIC
WKP
ISIN
GB00B67G5X01
Shares in Issue
180.75m
Market cap
£1,218.25m

Analyst Views (12)

Strong Buy
 
50.00%
Buy
 
0%
Hold
 
41.67%
Sell
 
8.33%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
674.00p
Bid Price
635.00p
Ask Price
820.00p
Volume
118,414
Change Today
9.50p
% Change Today
1.43%
Open
644.00p
Previous Close
674.00p
Intraday High
674.00p
Intraday Low
640.50p
52 Week High
1,307.00p
52 Week Low
560.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
149.40
128.90
Operating Profit/Loss
161.90
189.20
Net Interest
-21.50
-18.80
Pre-Tax Profit
137.30
170.40
Profit After Tax from continuing operations
137.30
171.40
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
137.30
171.40
Attributable to:
Equity Holders of Parent Company
137.30
171.40
Minority Interests
n/a
n/a
Total Dividend Paid
32.8700p
27.3900p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2019
31 Mar 2018
Basic
78.90p
104.80p
Diluted
78.30p
104.00p
Adjusted
40.60p
36.80p
Dividend per Share
32.8700p
27.3900p

Assets

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
3.40
2.90
Intangible Assets
1.60
1.40
Investment Properties
2,591.40
2,288.70
Investments
9.80
3.30
Other Financial Assets
n/a
n/a
Other Non-Current Assets
10.10
2.50
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
13.70
22.40
Cash at Bank & In Hand
26.70
18.00
Current Asset Investments
n/a
n/a
Other Current Assets
25.50
n/a
Other Assets
n/a
n/a
Total Assets
2,682.20
2,339.20

Liabilities

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
77.00
75.50
Total Current Liabilities
77.00
75.50
Non-Current Liabilities
Borrowings
623.20
550.80
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
623.20
550.80
Other Liabilities
n/a
n/a
Total Liabilities
700.20
626.30

Net Assets

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Net Assets
1,982.00
1,712.90

Capital & Reserves

Year End Date
31 Mar 2019
31 Mar 2018
 
£ (M)
£ (M)
Share Capital
180.40
163.80
Share Premium Account
295.10
135.30
Other Reserves
18.10
10.10
Retained Earnings
1,488.40
1,403.70
Shareholders Funds
1,982.00
1,712.90
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,982.00
1,712.90

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
09 Jan 2020
05 Feb 2020
11.67p
Final
04 Jul 2019
02 Aug 2019
22.26p
Interim
10 Jan 2019
06 Feb 2019
10.61p
Final
05 Jul 2018
03 Aug 2018
18.55p
Interim
11 Jan 2018
06 Feb 2018
8.84p
Final
06 Jul 2017
07 Aug 2017
14.27p
Interim
12 Jan 2017
07 Feb 2017
6.80p
Final
07 Jul 2016
05 Aug 2016
10.19p
Interim
07 Jan 2016
02 Feb 2016
4.86p
Final
09 Jul 2015
07 Aug 2015
8.15p
Interim
08 Jan 2015
03 Feb 2015
3.89p

Dividend Metrics

Year End Date
31 Mar 2019
31 Mar 2018
Dividend growth
20.01%
30.00%
Dividend yield
3.40%
2.80%
Dividend cover
1.24
1.34
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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