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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.35 | 2.76% | 50.20 | 50.00 | 50.20 | 50.30 | 49.00 | 49.00 | 722,572 | 16:29:56 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Operative Builders | 413.24M | -32.55M | -0.1269 | -3.96 | 128.73M |
Date | Subject | Author | Discuss |
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03/6/2016 08:24 | In post #24 there's a link to a long IC article which describes WJG's tapping the private rented sector - "build to rent". I've just noticed a Telegraph Questor article (1 June) tipping Telford Homes for just the same reason. Relevant snippet: Telford Homes said yesterday that a “significant The private rented sector has only recently become a mainstream investment class, but in the past few years has attracted institutional interest for the first time because of its potential for income generation. Telford Homes is taking advantage of this trend by offering to build homes and then sell them on to institutions who want long-term income from property assets. Yesterday, it agreed a deal to sell a private rented sector development in Bow, east London, to M&G Real Estate for £69.3m. The development, known as Carmen Street, will be ready for occupation by September 2019. Telford Homes chief executive Jon Di-Stefano said the company would be keen to formalise its relationships with investors such as M&G Real Estate in the future, as the model enables Telford Homes to grow without taking on any debt and limiting the need for additional capital. Added to that, by increasing its exposure to private rented sector development, Telford Homes can de-risk its long-term development pipeline, expand forward sales and provide a greater indication of future revenues. The private rented sector is also seen as counter-cyclical to the wider housing market, meaning Telford Homes could be better placed when prices next turn. This looks to be exactly the same sort of thing. (I don't hold that company.) | jonwig | |
31/5/2016 16:06 | Thanks rivaldo. Backs up other views and am looking fwd to watching steady progress. Like the business model too. | 2vdm | |
31/5/2016 12:41 | I've added major shareholdings to the header. Free float only 50% (family 50%). | jonwig | |
31/5/2016 12:04 | Good yield as well | nw99 | |
31/5/2016 10:46 | Hi Rivaldo,Thanks for the text paste. WJG looks promising, well priced in a tailwind sub-sector, and a useful business model.Cheers, tightfist | tightfist | |
31/5/2016 08:45 | Steady climb, still optimistic we could see c.120p with results, more if outlook is strong. | its the oxman | |
27/5/2016 08:47 | I got hold of the entire Shares Mag tip as follows. The accompanying table shows forecast EPS and dividends of: 2016 : 12.1p EPS, 4p dividend 2017 : 13.4p EPS, 6.3p dividend 2018 : 15.0p EPS, 6.6p dividend "Grab Watkin Jones for income Student housing specialist’s business model should facilitate handsome dividends Take a stake in student housing developer Watkin Jones (WJG:AIM) ahead of its maiden half year results on 9 June. The company is a really interesting take on the property market where developments tend to be pre-sold and forward funded by the buyer. That makes the £285 million cap an asset light, low working capital business. Its business model has the potential to support attractive dividends over the coming years. Watkin Jones’ balance sheet is in a net cash position and Peel Hunt forecasts £43 million to be paid out in dividends over the next three years. The company indicated at its IPO (initial public offering) in March 2016 that it intends to pay 4p per share dividend for the year to 30 September 2016. On a pro forma basis, it guided for 6% yield on the IPO offer price of 100p. Peel Hunt forecasts 6.3p dividend for the year to 30 September 2017. That equates to a 5.6% prospective yield based on the latest share price. Watkin Jones has developed almost 90 student housing blocks in the past 18 years, providing more than 28,000 beds. The group has very good earnings visibility having pre-sold all of the units earmarked for delivery in 2016 and 80% for 2017. The broker estimates that Watkin Jones will report a £38.6 million pre-tax profit in the year to 30 September 2016, rising to £42.7 million in the following year. The UK has some 1.7 million students, most of whom live in private rental accommodation. This market is suffering from inadequate supply, which has pushed rents higher and creates opportunity for companies such as Watkin Jones to provide an alternative. The company has a pipeline of 10,000 beds in 27 schemes that are expected to complete over the next three years. ‘While companies like Unite (UTG), Empiric Student Property (ESP) and GCP Student Living (DIGS) are all focused on student accommodation, the bulk of their exposure comes from the rental income from their property investments rather than the development profits that Watkin Jones creates,’ claims Peel Hunt. ‘There is arguably a small overlap with housebuilders in that the group finds, acquires and establishes planning on property sites before building and selling the developments on. However, Watkin Jones exposes very little of its own capital to this process without having an end property investor which provides forward funding for the scheme.’ FAMILY BUSINESS Watkin Jones was established as a carpentry business in 1791 and has remained under control of the founding family for nine generations. Mark Watkin Jones is the current chief executive. The family and senior management own 50% of the company, making it in their own interest for the business to do well. Watkin Jones progressively moved into general construction projects, such as supermarkets, pubs, residential and student accommodation. The company started to focus on the current funding-light model of purpose-built student accommodation after being forced to repay £150 million of debt to its bank when the financial crisis hit." | rivaldo | |
26/5/2016 09:33 | WJG have been tipped today in Shares Mag - full page review, but subscriber-only: "Grab Watkin Jones for income Student housing specialist’s business model should facilitate handsome dividends 26 May 2016 Take a stake in student housing developer Watkin Jones (WJG:AIM) ahead of its maiden half year results on 9 June. The company is a really interesting take on the property market where developments tend to be pre-sold and forward funded by the buyer. That makes the £285 million cap an asset light, low working capital business. Its business model has ... " | rivaldo | |
25/5/2016 17:15 | David ... ahh, a long trip from the Northern Powerhouse alas! | jonwig | |
25/5/2016 15:53 | jonwig.....If you come along on the 13th June to meet manageement then you should get all the answers. I like Mark Watkin Jones and he has always given me straight answers to fairly tough questions. www.mellomeeting.co. | davidosh | |
25/5/2016 14:52 | Thanks rivaldo - no problem reading it. I'm a free subscriber to that site, and tend to ignore their buy tips, but take a lot of notice when they smell a rat. I added a comment at the bottom (awaiting approval) under a slightly different name. EDIT - comment was removed. Strange, as it was a positive one. Though I did express some wonder why they were going public just now. Is that so offensive? | jonwig | |
25/5/2016 14:16 | Here's a link to the tip - I'm a registered user, so not sure if you can view it if you're unregistered: | rivaldo | |
25/5/2016 13:17 | Just been tipped by Malcolm Stacey on ADVFN a few minutes ago. I've got a friend who with his business partner have invested money into this sort of student accomodation. They are both smart operators and consider it a very reliable ROI, if done properly, in these uncertain times. | 2vdm | |
25/5/2016 13:02 | Bought a few today. | someuwin | |
23/5/2016 11:04 | I note that June's Mello Meeting at Sea Salt is with WJG (on Monday June 13th), so that should bring some nice added exposure for the company: | rivaldo | |
23/5/2016 08:03 | Rise to test 120p on the cards? | its the oxman | |
22/5/2016 18:21 | Excellent news - good to see the Mail picking up on good, solid companies recently (they've also featured KWS and IDEA). I don't think anyone has posted analyst forecasts here at all yet? Anyway, here they are: 2016 2017 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Peel Hunt LLP 20-05-16 BUY 38.63 12.12 3.98 42.70 13.40 6.28 A P/E well into single-digits, plus a huge divi yield, implies lots of potential upside here. | rivaldo | |
22/5/2016 09:14 | That tip and upcoming results should see some interest here | nimbo1 | |
22/5/2016 08:57 | Good stuff, nw. At the demand end, two REITs (ESP, DIGS) have recently made oversubscribed equity fundraisings above NAV, and the largest in the sector (UTG) has another bond issue. The last paragraph of the link shows that WTG are on the lookout for new avenues. | jonwig | |
20/5/2016 08:45 | Plenty of vacancies on their website 'due to expanding workload': | eagle eye | |
18/5/2016 08:29 | I'd have thought this news was RNS-able? As an RNSNON at least. Given that the decision was last night, perhaps we'll get an RNS later today or tomorrow morning. | rivaldo | |
18/5/2016 07:54 | Nice post re Belfast thanks buying more first thing | nw99 | |
18/5/2016 07:21 | Shows how WJG does business: builds, collects and moves on. Risk is carried by the developer/investor Lacuna which has a niche Belfast presence - | jonwig |
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