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
  +1.00p +0.84% 119.50p 118.25p 119.50p 121.00p 118.25p 121.00p 100,319 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate - - - - 305.05

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Date Time Title Posts
20/10/201617:31::: WATKIN JONES - buildings for students350
30/3/201610:05Watkins Jones-

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Watkin Jones (WJG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 16:53:46118.932,0382,423.72O
21/10/2016 16:52:33119.074,2275,032.99O
21/10/2016 16:35:28119.501,2921,543.94UT
21/10/2016 16:27:45118.25131154.91AT
21/10/2016 16:27:45118.251,0501,241.63AT
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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 118.50p.
Watkin Jones has a 4 week average price of 119.80p and a 12 week average price of 115.06p.
The 1 year high share price is 129.25p 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 160,570 shares. The market capitalisation of Watkin Jones is £305,046,305.63.
rivaldo: Very good news today. Given the effect it has on securing earnings I'm surprised the price didn't open up more - perhaps the market will wake up to it later. Considering forward forecasts of 13.5p+ EPS, a 6.3p dividend next year and £36m net cash, the current share price would still seem to offer plenty of upside.
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://
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 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.
spellbrook: Definitely a growing market , with spin offs for selling on, renting and management, commercial and residential....great growth IMO for WJG.... 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.
rivaldo: Buying coming in at the full 118p offer price. It's beginning to look like the seller(s) which have held the share price back have disappeared, or are at least running out of steam.
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.
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.
quepassa: It depends when you bought Quintain! It did reach 10p and lower so an eventual take-out at 141p wasn't so bad. Admittedly they never paid a dividend unlike WJG who will pay a dividend and where the family shareholder structure should give the Company a big incentive not only to keep paying a dividend but also to want their wealth to augment by seeing a steady growth in share price. I do not wish to comment about individuals but it is noted that Quintain were doing a lot with student accommodation and the new and interesting field of PRS when Laffin was there. Let's trust that Laffin brings with him a good knowledge, experience and a contact base in those fields which can but help and open more doors for WJG who are also growing their activities in these areas. ALL IMO. DYOR. QP
jonwig: Flagon - yes, the share price is too low. (I would say that, wouldn't I?) I think I've already suggested that some employees may be selling shares, but the major ones are locked-in for two years. There has been no notifiable selling by major institutions. The rational thing to do would be to add while stocks last!
alan@bj: Decent half year results from Unite yesterday, but at the current share price they yield only 2.6%, significantly less than WJG.
Watkin Jones share price data is direct from the London Stock Exchange
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