Share Name Share Symbol Market Type Share ISIN Share Description
Watkin Jones 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
  +3.50p +2.47% 145.25p 145.25p 146.50p 147.75p 142.75p 147.75p 1,415,306.00 16:29:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 267.0 13.3 3.1 46.6 370.78

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Date Time Title Posts
24/2/201707:40::: WATKIN JONES - buildings for students696.00
30/3/201609:05Watkins Jones-

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DateSubject
26/2/2017
08:20
Watkin Jones Daily Update: Watkin Jones is listed in the Real Estate sector of the London Stock Exchange with ticker WJG. The last closing price for Watkin Jones was 141.75p.
Watkin Jones has a 4 week average price of 141.09p and a 12 week average price of 127.64p.
The 1 year high share price is 150.50p while the 1 year low share price is currently 96p.
There are currently 255,268,875 shares in issue and the average daily traded volume is 266,697 shares. The market capitalisation of Watkin Jones is £370,778,040.94.
14/2/2017
18:41
jg88721: 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!)
06/2/2017
13:59
davebowler: Zeus; All 2017 deliveries now forward sold confidence in FY18 forecasts increasing This morning’s announcement that Watkin Jones has forward sold the student accommodation element of a development in Bournemouth takes to six the number of developments since the end of FY16 that have been forward sold. Importantly it also now means that all ten developments due to complete in FY17 have been forward sold. Combining the FY17 deliveries with the five projects forward sold, out of the eleven planned deliveries, in FY18 and one in FY19, visibility on gross profit coming from Student Accommodation in current year forecasts is high at c. 80%. This is ahead of the level achieved at the same point in the previous year and increases the visibility for FY18. Despite the recent rally in the share price, Watkin Jones trades on an attractive 10.1x earnings and yields 4.6%. § Bournemouth announcement means 100% of FY17 deliveries have been forward sold: The Christchurch Road development is larger and more complicated than most consisting of both commercial and student. Today’s announcement relates to the student development consisting of 454 beds (437 ensuite clusters and 17 self-contained studios). The development will be completed in the summer of 2017 ahead of the academic year 2017/18 that will start in the Autumn. § Delivering on strategy by building visibility on bed delivery across the forecast period: Watkin Jones has already secured 9,500 beds for delivery by FY19. At the time of the IPO management stated an intention to deliver between 3,000 and 4,000 annually. Assuming c. 3,500 annually, only a further 1,000 need to be secured to provide tangibility on the delivery of beds across the forecast period. This equates to three or four additional sites, assuming 250 to 350 beds per site. § Forward sold developments provide high revenue and profit visibility: Assuming 10,500 beds to be delivered in the three years to FY19, c. 60% have already been forward sold providing visibility on profitability from those developments. Sites that have been secured account for an additional 30% of forecast gross profit. Until these sites are forward sold, and the economics of the development are locked in, they do carry execution risk. However, Watkin Jones has proved adept at managing projects and maintaining gross margin. This leaves just three or four sites needing to be secured over the next twelve months to have visibility on 100% of forecast revenue. § Valuation not reflective of forecast certainty and strong investment market: The pipeline of forward sold and secured with planning sites continues to increase providing visibility not just in the current year but across the forecast period. This is supported by the investment market which remains strong with rent increases and yield compression continuing to drive GDVs. The 10x earnings multiple does not look stretched on these fundamentals and a 12x multiple would equate to a 160p, c. 16% above Friday’s close. In addition, the shares yield a prospective 4.6%.
04/2/2017
10:38
flagon: Dividend Growth Champions Written by: Christopher Boxall on February 3rd 2017 Category: Investments, Shares Watkin Jones plc (AIM:WJG) This leading UK developer and constructor of multi occupancy property assets with a focus on the student accommodation sector only arrived on AIM in March 2016 and has already delivered some impressive results. The business was founded in 1791 and the current CEO is the ninth generation of the Watkin Jones family to be involved with the family still holding a combined 48% stake. It’s maiden AIM results for the year ending September 2016 saw operating profit before exceptional IPO costs rise +16.7% to £37.9m and cash inflow from operating activities before exceptional IPO costs an impressive £41.7m. In line with management’s guidance at IPO they the total dividend was 4.0p equating to a yield of just under 3% at the current share price (135p). The 6.3p forecast for 2017 encouragingly represents a 4.6% yield. Link -> hTTps://www.share.com/blog/2017/february/6-dividend-growth-champions/
31/1/2017
10:36
rivaldo: FYI Peel Hunt's latest forecasts are: - this year : 13.39p EPS, 6.28p dividend - next year : 15.14p EPS, 6.59p dividend It's hard to believe the share price won't make decent progress on such a current miserly rating given WJG's already terrific forward visibility of the above forecasts and on such a huge divi yield.
18/1/2017
08:09
rivaldo: Zeus this morning suggest a 160p share price based on a P/E of 12, given 13.7p EPS forecast this year.
13/1/2017
12:39
jonwig: There's been no holdings RNS since last July, so I doubt a big holding institution is selling down. And if it's PDMRs, they'd have to disclose every trade. (Header is up to date.) Strange, the share price. I read once that a flatline usually breaks out strongly ... in one direction.
04/10/2016
06:33
spellbrook: Watkin Jones Plc Forward sale confirms operating model and increases forecast visibility Posted by: giles.arbor 4th October 2016 Watkin Jones Plc (LON:WJG) has announced that it has forward sold its development in St. Mungo Avenue, Glasgow to a new institutional investor. This fits with the company’s strategy and the fact that it is a new investor highlights the on-going attractiveness of the WJ model and the UK student accommodation market. Whilst the sale does not change forecasts, the development was already included in estimates, it does increase the certainty of earnings across the forecast period as it moves from a secured site to being forward sold, effectively locking in the economics. Future forward sale announcements combined with new secured sites will further increase investor confidence in the Watkin Jones model and lead to multiple expansion from the current year PER of 9.9x. In addition, the shares yield a prospective c.5.1% on the FY17 dividend estimate of 6.3p, twice covered by earnings on a balance sheet with c. £36.0m of net cash. Executing strategy: This morning’s statement regarding the development at Mungo Avenue, Glasgow highlights the validity of the Watkin Jones business model and is the first forward sale announcement since listing (March 23rd). The development is a seven story 349 bed scheme consisting of 176 cluster rooms and 173 studios. At the time of the IPO forward sold sites were forecast to contribute c. 55% of the FY17 group gross profit estimate, this will increase on today’s announcement and improves the visibility on earnings across the forecast period. New investor indicates continued market confidence: Post Brexit, there had been concerns that the UK property market could be negatively impacted. The fact that St. Mungo Avenue has been sold to an institutional investor that Watkin Jones has not previously dealt with suggests the market remains sound and Student Accommodation remains an attractive asset class. It remains early days post the referendum but we find this encouraging. The nationality of the acquirer is not alluded to in the announcement and therefore cannot be assumed to be international, but generally the weakness of Sterling has helped increase the attractiveness of UK assets which includes student accommodation. Valuation not reflective of forecast certainty: The Watkin Jones plc share price has performed well recently rallying to 123p from the 100p IPO price. Despite this the shares continue to offer value trading on 9.9x FY16 earnings and offering a 5.1% prospective yield on a balance sheet with estimated net cash of c.£36m. A 12x PER multiple on FY17 earnings would equate to c. 160p, offering c.32% upside. hxxp://www.directorstalkinterviews.com/watkin-jones-plc-forward-sale-confirms-operating-model-increases-forecast-visibility/412711792
25/9/2016
07:47
spellbrook: Could Watkin Jones PLC Skyrocket Even More? The Stock Just Made 52-Week High The stock of Watkin Jones PLC (LON:WJG) hit a new 52-week high and has GBX 181.78 target or 54.00% above today’s GBX 118.04 share price. The 7 months bullish chart indicates low risk for the GBX 301.31 million company. The 1-year high was reported on Sep, 24 by Barchart.com. If the GBX 181.78 price target is reached, the company will be worth GBX 162.71 million more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.89% or GBX 1.04 on September 23, hitting GBX 118.04. About 190,696 shares traded hands. Watkin Jones PLC (LON:WJG) has risen 6.00% since August 25, 2016 and is uptrending. It has underperformed by 5.27% the S&P500. Out of 2 analysts covering Watkin Jones Plc (LON:WJG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Watkin Jones Plc has been the topic of 7 analyst reports since April 8, 2016 according to StockzIntelligence Inc. Peel Hunt maintained the stock on July 20 with “Buy” rating. Watkin Jones plc is a United Kingdom company, which is a developer and constructor of multi occupancy property assets. The company has a market cap of 301.31 million GBP. The Firm focuses on the student accommodation sector. It has a 47.71 P/E ratio. The Firm delivers a full service solution to its investment partners, including site identification and procurement, planning consent, transaction funding, construction delivery and asset management.
21/9/2016
21:29
spellbrook: Questor share tip: Students driving demand for halls... and pubs Rhiannon Bury 21 SEPTEMBER 2016 • 9:14PM As the new university term begins this weekend, we take a look at two of the sectors most affected by students: halls and pubs. Student accommodation Increasing numbers Student accommodation developers have benefited in recent years from an increase in student numbers, particularly from overseas. Figures from UCAS show a total of 532,300 people entered UK higher education in 2015, 3.1pc more than in the previous year and the highest number recorded. The number of international students is expected to double globally by 2025, and the UK is the second largest destination for students from overseas, behind the US. The numbers have managed to weather the introduction of increased tuition fees in 2012 and the weakened economic environment, and seem to be showing no sign of abating, despite a looming threat of the UK’s exit from the European Union. ADVERTISING Brexit is an unknown for student accommodation developers because there is little clarity the access that EU students will have to UK universities, although the Government has suggested that funding will be protected, at least in the short term. In any event, EU students make up only around 7pc of the total student population, so even a severe drop-off in numbers is unlikely to affect the overall strength of the sector. Announcing its results for the year to June 30 last week, Empiric Student Property said its next move was to target more affordable living options for second and third year undergraduates in order to diversify its offer. It estimates that 91pc of students have no access to purpose-built halls after their first year. But despite doubling the value of its portfolio in the period, total return for the group was “negatively impacted” by June’s European Union referendum, Empiric said. The company’s share price dropped from 113.25 on June 24 to as low as 100p in the days after the vote but has since recovered. Empiric has also improved its capital structure, and in the year raised £286.4m of equity in three separate fundraisings, as well as securing £120m of new debt financing. It has also launched its own operating and marketing platform, called Hello Student. Empiric Nottingham Empiric's scheme in Nottingham CREDIT: EMPIRIC Limited supply Although the number of students has been increasing, universities have not built halls at the same rate. Many institutions have policies which promise to provide accommodation for all first year students, which in some cases has resulted in universities having to house students in hotels because of a lack of purpose-built beds. Unite Students has been providing student accommodation for 25 years, so while this is not a new concept, demand does seem to be holding up. Its strength is in its predictable rental growth and scale benefits, which are particularly attractive in an uncertain real estate market. Added to that, analysts at JP Morgan Cazenove said that it thinks Unite is “several years ahead of competitors when it comes to its operating platform and margin development”. Shares in the company have held up well, despite taking a hit following the referendum vote, and today closed at 615p - significantly below the high of 674p they achieved in November last year, but a vast improvement from the 560p post-Brexit vote. Unite Bristol Unite student accommodation in Bristol city centre CREDIT: LOVETHEPHOTO / ALAMY STOCK PHOTO No longer alternative Where investors used to see the student accommodation sector as an alternative investment asset, in the last few years the sector has very much entered the mainstream. Investors such as Legal & General have recently backed major student accommodation development projects, injecting confidence into the burgeoning market. Smaller developer Watkin Jones’ float earlier this year showed that there is plenty of interest in owning a slice of student accommodation developers. The company was today trading at 116p, having floated at 100p. In the days following the referendum it too saw its share price slide, but the recovery suggests that the market is resilient, and expected to grow. Fuller's Pubs By and large the pub sector has had a positive summer, buoyed by the European Soccer Championships and good weather. However, consumer confidence was shaken in the wake of the Brexit vote, and trends for home delivery food mean we’re going out less. Added to that, the introduction of the National Living Wage will increase costs across the industry. While Enterprise Inns’ latest interim results suggested it is on track to meet its targets for this year, it remains highly leveraged and shares in the company have had their ups and downs over the last 12 months. Meanwhile, Fuller’s share price has suffered in recent months amid falling brewing volumes and concerns over its London exposure to hotel and food sales, although its well invested, largely freehold estate is in its favour. Greene King’s freehold backing and low rent roll make it less operationally geared than most of its peers, although like the others, its shares were bruised in the days after the EU referendum vote, down 13pc, losing some of the gains it enjoyed after its £774m takeover of rival Spirit Pub last year. While so far the consumer has continued to spend, the prospect of a recession is not entirely off the cards, so the challenges remain. http://www.telegraph.co.uk/business/2016/09/21/questor-share-tip-students-driving-demand-for-halls-and-pubs/
09/9/2016
08:42
jaws6: I think David is right about QED saga. He had hard time asking QED board at so many meetings and I was there to see him argue which they did not like. I made money in QED but after long time. Laffin is good but let's hope WJG price does not do what QED did first to drop ? main thing is some Co will not talk to us as small PI , so we do need some one to ask them hard question if we got them 1 to 1 and I have seen David did with them on last WJG meeting. he did ask some good questions last time in Q& A which is on video some where.
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