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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Watkin Jones Plc | LSE:WJG | London | Ordinary Share | GB00BD6RF223 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.70 | -1.69% | 40.70 | 40.35 | 40.80 | 43.00 | 40.30 | 43.00 | 1,129,530 | 16:35:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Operative Builders | 413.24M | -32.55M | -0.1269 | -3.22 | 104.63M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/11/2016 09:48 | Cheers Spellbrook. I think IC will be covering these in the next few days so their update might be interesting. | paleje | |
28/11/2016 01:44 | Sheffield city centre flats block approved despite university's concerns Read more at: hxxp://www.thestar.c | spellbrook | |
19/11/2016 03:12 | Decision due on 550-bed Sheffield city centre student flat block hxxp://www.thestar.c | spellbrook | |
18/11/2016 11:06 | Edit - posted above. | skinny | |
18/11/2016 10:29 | Comment by Beaufort on yesterdays TS - While this excellent progress does not come as a great surprise, it conveniently reminded us that Watkin Jones' management is operating the right business model at the right time. The alternative asset class of Privately Built Student Accommodation offers both excellent cash flow visibility and highly stable property-sector yields from operations that tend to be well insulated from underlying economic activity. As such, it is able to pre-sell and forward-fund its projects through a long list of hungry institutional buyers – like M&G, L&G, AIG etc. - creating an ideal high return, high visibility, capital light model that is almost unique in the world of residential development. With just 6% of the UK's total full-time student population currently occupying PBSA (Purpose Built Student Accommodation), at a time when government legislation is limiting HMO (House in Multiple Occupation) supply and introducing higher stamp duty on buy-to-let property, the sector is expected to enjoy quite significant growth for years to come while capital growth continues to sharpen returns. Significant demand headroom in all regions, suggests little or no impact should Brexit manage to dissuade some EU students from seeking UK educations. The shares have performed reasonably well since IPO, but there is still more to go for. The Group is set to deliver double digit earnings growth (implying a 2016E P/E of 8.9x, followed by 7.9x) for the next several years, with tightly controlled operating costs combined with a generous progressive dividend. With significant net cash still in hand following the IPO, management remains confident enough to project a yield to September 2016 of over 4% (based on second-half payment only), followed by 6.2% for full year 2016/17; beyond this, surplus generation could also find its way into shareholder's pockets through specials as well. Beaufort sees good value in Watkin Jones and now raises its price target to 148p (125p previously) on the shares, which it recommends to both income and growth investors. Link -> | flagon | |
17/11/2016 09:08 | Peel Hunt Buy 120.00 130.00 140.00 Reiterates | skinny | |
17/11/2016 07:57 | And all in only 3 days? | shanklin | |
17/11/2016 07:55 | Shanklin - in 27 Sep they did flag another 418 beds currently being acquired for 2018 (in adition to the 6317). Today's update adds another 79 beds to that. | glaws2 | |
17/11/2016 07:50 | FWLIW, in today's RNS, WJG report the addition of 497 beds to the pipeline reported in the update of 27-Sep-16 - 21 developments, 6814 beds as of 30-Sep-16 - 19 developments, 6317 beds as of 27-Sep-16 I wonder what the number is now. | shanklin | |
17/11/2016 07:49 | Can't see the problem. Developments completed on time, excellent future pipeline of projects, good earnings visibility, progress at Fresh Living. No negative connotations. What's not to like? | alan@bj | |
17/11/2016 07:35 | I confess I am a bit disappointed by the lack of information. At the same time as Shankliin says, they are new to this and the message is that "we are on track for this year and (probably) next" | 2vdm | |
17/11/2016 07:35 | Shanklin, fair point. Anyway, these seem to be the NOMAD expectations: 2016-09-30 Revenue: £270.70m, PBT £39.50m, eps 12.40p, div 4.00p | jonwig | |
17/11/2016 07:24 | jonwig Their expectations are not going to be lower than market expectations so that is slightly unfair. Also at this stage, WJG are probably blindly following their NOMAD's guidance as to what they can put in an RNS, so I would associate any black mark with them rather than WJG. Edit: AIMHO | shanklin | |
17/11/2016 07:11 | Trading statement: Usual gripe: The Board expects to report a successful financial year with trading in line with its expectations But we don't know what those expectations were, so that's a rather empty remark! | jonwig | |
16/11/2016 08:53 | Thank you rota | shanklin | |
16/11/2016 08:45 | Hi Skanklin It is in the link you provided, just click on the calendar icon thingy | return_of_the_apeman | |
16/11/2016 07:39 | Thank you Jock. Did you contact the company to get the date or have I missed it somewhere? | shanklin | |
15/11/2016 20:45 | It's the 22nd Shanklin. | jockthescot | |
15/11/2016 11:22 | I wonder when this month WJG will issue their TS | shanklin | |
14/11/2016 10:55 | North Hanover Street, Glasgow . . We are building a 13 story 440 bed student accommodation block consisting of 410 cluster beds and 30 studios and a retail are to the ground floor all due for completion on 1st August 2017. The building consists of a RC frame with brick façade c/w curtain wall screens and glazing To levels 00-02 we installed decorative pre-cast concrete panels which we installed at night this took 3-4 weeks to install. Internally we have 1st boarded up to level 9 with 1st fix M&E working up to level 5. | spellbrook | |
13/11/2016 07:56 | alan ....are you being served.....going up..... Taylor Wimpey , Nicholson, Beazer etc report next week.....purely residential.... DIVIDENDS in February........ | spellbrook | |
12/11/2016 15:50 | You sound like young Mr Grace, Spellbrook. | alan@bj | |
12/11/2016 12:53 | Phase 2b Belle Vue, Leeds is progressing well. Scaffold strip complete. Well done to all involved! | spellbrook | |
12/11/2016 12:53 | Bagot st, Birmingham -This project will include 492 student bedrooms and is on programme to complete in August 2018 - looking great! | spellbrook |
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