Watkin Jones Share Discussion Threads

[shaker44] 15/2/2017 03:07

You are right of course. That would be foolish. But my point was if they have no intention to sell for a further 12 months making that clear would benefit all. As in the prospectus. And if the answer is evasive then expect some selling off!

[shaker44] 15/2/2017 03:07

You are right of course. That would be foolish. But my point was if they have no intention to sell for a further 12 months making that clear would benefit all. As in the prospectus. And if the answer is evasive then expect some selling off!

[jg88721] 14/2/2017 18:41

not sure I agree, Shaker, with respect. If they were planning to do a reasonably chunky sell-off, I doubt they would warn people in advance (and see the share price marked down in anticipation!)

[shaker44] 14/2/2017 12:49

No more price sensitive than the initial lock in in prospectus! But as I said, up to you!!

[jonwig] 14/2/2017 12:34

shaker, best ... highly price-sensitive information. A Yorkshire oik off the street would be the last to hear it!

[bestace] 14/2/2017 12:24

jonwig - to clarify, my question wasn't about what's in the prospectus; being a shareholder here I am familiar with its contents. My question is really about the fact that the lock in period is expiring soon, and whether the trusts will be looking to take advantage of that fact.

If he says they have no intention of selling that's a stronger statement about his confidence in the future than bland statements in an RNS saying they have confidence.

[shaker44] 14/2/2017 12:18

Jonwig, you are in the driving seat of course but I dont see why you would be referred to the prospectus for querying what may happen after the lock in.
No doubt if the parties were willing to sign on for a further 12 month lock in, that would support share price growth, which would be in everyone's interest including theirs- unless they foresee a need/desire to sell....
Could be a catch 22 question I guess

[jonwig] 14/2/2017 12:08

bestace - the various trusts are quite complex, but it's all in the prospectus.

Basically, some family members sold about 46m shares at IPO ("Vendor placing") but retain their interests in three trusts. There's a 12-month lock-in there, and also with some senior managers. However, as has already been said here, there are substantial tax advantages for the family to retain their stakes (AIM IHT, CGT). I'm not an expert here but some others might be able to explain clearly.

Not an issue I want to raise, as I'd be told to read the prospectus.

[jg88721] 14/2/2017 11:49

Hi Jonwig
any report back appreciated.
If you can ask a question, I'm with apeman & spellbrook - a question around pipeline and PRS. Could you combine both issues as one question. eg, "WJG has achiever strong profitable growth thru student accommodation. How much more scope for growth is there in providing student accommodation or will maintaining recent rates of growth require WJG to aggressively grow PRS?"

[return_of_the_apeman] 14/2/2017 10:52

I am guessing that large sell today was the large buyer from the other day getting out for a small profit. Looks like it spooked a few / triggered some stops and has provided an entry point for others.

This has been continually tipped by many sources, which leads me to believe it will be again following the agm

[bestace] 14/2/2017 10:45

jonwig - thanks for the offer.

I'd be interested in hearing whether the Will Trust and/or 1992 Trust, who between them own more than 45% of the shares, have any plans to sell after the lock-in period expires on 23 March.

They could create quite an overhang if they do have any thoughts in that direction.

The CEO is a trustee of both those trusts so will know if they have any plans, although if I was in his position I would probably decline to address the question directly!

[spellbrook] 14/2/2017 10:38

A fortnight until Dividends paid.....

[shaker44] 14/2/2017 10:23

Just a report back on the tone, plans and any interesting answers please if you have time Jonwig.

Great that you can go. share price has risen very rapidly and at some poinmt (soon??) wil run out of steam without more RNS I feel.

[spellbrook] 14/2/2017 10:10

would like to know what plans they have for PRS (Private Rented Sector)

[return_of_the_apeman] 14/2/2017 10:00

Hi Jonwig,

Would love to know the size of the pipeline and expected conversion rate (not including anything already forward sold)

[jonwig] 14/2/2017 09:52

SWMBO has given permission to go to Thursday's AGM. If anyone has a particular question I'll try to fit it in.

[return_of_the_apeman] 13/2/2017 09:53

Expect there are a few sellers at £1.50 this morning, there were at £1.40. Once they are cleared this should move quickly again by another 10p chunk

[spellbrook] 12/2/2017 11:54

Imo...YES


Dividends and next year already forward sold....


Growing and growing, with PRS schemes to add in the future , alongside the the lettings business and student new builds...

[hopefuldave] 11/2/2017 22:13

So is it a good investment?

[spellbrook] 11/2/2017 21:49

Work starts on new student accommodation at West's Garage site in Cambridge

[spellbrook] 11/2/2017 21:35

Very busy market sector, Student buildings......

Telegraph Business 10th February

Unite acquires largest single student accommodation property ever to come to the market for £227m

[alan@bj] 11/2/2017 15:42

Jonwig - I agree, that statement lacked credence. WJG's business model is pretty low risk in my opinion.

[spellbrook] 11/2/2017 15:21

The recent Scottish successes at Manson include being appointed for several retail parks with London and Scottish Investments, student residences with Watkin Jones Group as well as major renewable schemes.

[spellbrook] 11/2/2017 15:12

THE WATKIN JONES PLC (WJG) GIVEN “BUY” RATING AT PEEL HUNT £1.55

[spellbrook] 11/2/2017 15:00

Broken' housing market should prove a boon for building sector: Investors can earn an income from housebuilders' soaring dividends

Watkin Jones concentrates on student accommodation and has planning permission to house more than 8,200 people across the country, including a development in east London for the University of London.