Watkin Jones Plc
0.80 (0.94%)
Stock Name Stock Symbol Market Stock Type
Watkin Jones Plc WJG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.80 0.94% 86.30 15:31:51
Open Price Low Price High Price Close Price Previous Close
88.50 84.20 88.50 85.50
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Industry Sector

Watkin Jones WJG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 15/3/2023 15:52 by hybrasil
Despite the credit suisse debacle the ECB still apparently intend raising rates by.5%.

WJG optimism about the second half of 2023 seems pie in the sky to me

Posted at 09/3/2023 11:19 by hybrasil

All I can tell you is at one stage I did a lot of homework on this share and NAV is NAV.

I don't know what I've done with my workings. So I'm sure you are correct at .69p.

Amusingly at the time of admission the company had a plane on the balance sheet. It seems to have flown away very quietly.

Come October either the market will have returned or it won't. I don't think it will.

My logic therefore is WJG should trade more like a house builder (because they have no certainty as to sales) and therefore at a discount.

I promise Im gone now till the trading update!

Posted at 08/3/2023 14:45 by jeffian
I have no position or particular knowledge of WJG but as a matter of principle I'm always amazed how many people go to financial websites or newspapers for their financial information when the only verifiable (and easily accessible) source is the company's own audited and published report and accounts.
Posted at 08/3/2023 13:06 by disc0dave45
ChrisNon of your numbers are from the latest balance sheet.Pmsl, no I don't work for WJG, but you do or have links with them don't you! - not expecting you to answer as you keep swerving difficult questions.Despite your constant postings about your experience, which I would normally respect, I have zero respect for someone that deliberately posts up false information in order to mislead people, tut tut.Goodbye
Posted at 07/3/2023 16:50 by disc0dave45
"I don't think that would be very professional for the company"Do you work for WJG?Can't say I'd agree as I don't know what you perceive to be the major issue here.....again, sorry but why suggest "hold", that implies to me that you feel all the bad news is already priced in and this won't go much lower - which is what I believe too.I don't disagree that their margins are at risk and if we are to face higher inflation for longer then another profit warning could be forthcoming, but that applies to virtually 99% (anecdotal) of listed businesses!.Have a good evening.
Posted at 07/3/2023 10:43 by disc0dave45
That's why their (UTG) earnings are forecast to halve and they are trading at a whopping 15x sales and has £1.3bn of debt.Whereas an asset light model (WJG) has earnings forecast to increase 90% and has cash on the books - know which one I'd prefer.
Posted at 07/3/2023 10:31 by hybrasil
Utg is an asset holder and deserves at the moment that valuation. Wjg is a spec (ish) builder
Posted at 07/3/2023 10:00 by disc0dave45
Good points and can't really disagree with the current outlook, but tbh it's the next few years I'm looking at not the past or here and now. They've already said investors are coming back and I don't see that changing, hopefully the trough has been reached.Don't know how you can say WJG is overvalued when on a forward PE of only 6x (UTG is twice that).
Posted at 07/3/2023 09:44 by hybrasil
I hadn’t intended posting till the trading update but Christ I think you are viewing Wjg as an asset holder.

Listen to the appalling presentation where it is manifestly clear it is not.

Wjg buys land builds either pbsa or btr and sells

Their issue is there are not buyers there at the moment (and with increasing interest rates -ecb- for example )the problem is not going to resolve soon.

It is now clear that the “expected to transact” transactions are not in contract

They have let 40 people go.

Bring it down to apples and bananas. If you can buy them but not sell them you don’t have a business.

I’m not saying Wjg is finished. Just over valued

Posted at 20/10/2022 15:54 by cordwainer
Net cash according to the last update was £75M which overtops the circa £25M paid in dividends over the past year. I would still hope and expect management to take a very cautious approach to dividends for the reasons stated in the trading update; i.e. WJG's customers are set to face a more challenging future on borrowing / financing costs for their construction projects. Anyway it looks like Huntonomics will keep a steadier ship economically whoever gets to be PM.

On the face of it, WJG warns profits will be 10% below target range, share price down 50%. Having good revenue visibility and largely less cyclical businesses than other construction should make WJG a good risk/reward offer at these prices.

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