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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Watkin Jones Plc | WJG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.30 | 7.88% | 31.50 | 16:29:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 28.95 | 28.55 | 31.90 | 31.50 | 29.20 |
| Industry Sector |
|---|
| REAL ESTATE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/05/2023 | Interim | GBP | 0.014 | 08/06/2023 | 09/06/2023 | 30/06/2023 |
| 25/01/2023 | Final | GBP | 0.045 | 02/02/2023 | 03/02/2023 | 02/03/2023 |
| 17/05/2022 | Interim | GBP | 0.029 | 09/06/2022 | 10/06/2022 | 30/06/2022 |
| 18/01/2022 | Final | GBP | 0.056 | 27/01/2022 | 28/01/2022 | 25/02/2022 |
| 18/05/2021 | Interim | GBP | 0.026 | 10/06/2021 | 11/06/2021 | 30/06/2021 |
| 19/01/2021 | Final | GBP | 0.0735 | 28/01/2021 | 29/01/2021 | 26/02/2021 |
| Top Posts |
|---|
Posted at 27/1/2025 17:01 by albert arthur https://www.londonst |
Posted at 23/1/2025 09:58 by trader465 doubled my holding today, see you 23rd Jan next year donkeywill WJG shares beat the bank rate of +5% in 2025? +17% YTD suggests they might? ;-) |
Posted at 23/1/2025 07:20 by trader465 Did someone say WJG weren't selling anything?....."Two schemes sold in the period, including our Stratford joint venture, which enables the Group to benefit from a base profit and future value generated by the scheme; - Successful completion of six schemes, generating gross margins in line with guidance; and - Benefit of cost saving actions implemented in FY23. · Continued focus on cash generation resulted in higher period end gross and adjusted net cash balances of £97.0 million and £83.4 million, respectively. · Pipeline successes: - Achieved planning for a further c.2,600 PBSA beds, across four schemes; and - Secured two further PBSA development sites, subject to planning. · The net provision for building safety works has decreased by £6.7 million to £48.0 million, reflecting: - Cash outflow of £16.2m, in line with expectations, including completion of remediation works on three buildings; and - An additional provision of £7.0 million, covering certain additional properties and changes in scope on several properties already in the provision. · Continuing the approach adopted at the FY23 year end, the Board is prioritising the maintenance of financial flexibility and consequently is not declaring a dividend; the Board will keep this approach under review. |
Posted at 23/1/2025 07:08 by trader465 Summary of Watkin Jones plc Full Year Results (FY24)Watkin Jones reported resilient performance despite a challenging investment market. Revenue declined 12.3% year-over-year (£362.4m vs. £413.2m), but profitability significantly improved due to cost-saving measures and completed developments. The company returned to profit after last year’s losses, with adjusted profit before tax at £9.2m (vs. -£2.9m in FY23). However, statutory profit before tax remained slightly negative at -£0.3m, mainly due to building safety provisions. Cash position strengthened, with adjusted net cash rising to £83.4m from £43.9m. The company did not declare a dividend. Good Highlights ✅ Profitability turnaround – Adjusted operating profit surged to £10.6m from just £0.2m last year. ✅ Stronger cash position – Adjusted net cash nearly doubled to £83.4m. ✅ Successful project completions – Six schemes completed with expected margins, two new schemes sold. ✅ Pipeline growth – Planning approved for 2,600 new PBSA beds, two new development sites secured. ✅ New partnerships – A development deal for 295 homes in St Helens signed in December 2024. ✅ Banking facility extended – HSBC’s £50m facility extended by two years for additional financial security. ✅ Building safety provision reduced – Net provision decreased by £6.7m to £48m, with three buildings completed. Bad Highlights ❌ Revenue decline – Sales fell 12.3% due to weaker investor activity. ❌ Dividend cancelled – No shareholder returns this year, continuing FY23’s trend. ❌ Building safety costs continue – An additional £7m charge added for remediation work. ❌ Market challenges persist – Investor activity slow due to high interest rates and election uncertainty. Is It a Good Year? Overall, FY24 was a year of recovery and resilience rather than outright success. While revenue dropped, profitability and cash flow improved, positioning Watkin Jones for future growth. The decision to prioritise financial stability over dividends reflects caution in a tough market. Looking ahead, strong sector fundamentals in PBSA and BTR should support further growth, especially if interest rates decline. Verdict: A decent year, with financial improvements, but still facing external headwinds. 🚀 |
Posted at 16/1/2025 10:45 by trader465 1. Financial Performance (FY24)Revenue & Profit: Adjusted operating profit should be between £10m-£12m, confirming their recovery from £0.2m in FY23. Cash Position: Net cash should be around £65m, reinforcing financial stability. No Debt: They will likely highlight their strong balance sheet. 2. Market Conditions & FY25 Outlook Forward Funding Activity: They previously said FY24 transactions were slower than expected due to uncertainty around interest rate cuts. They might provide updates on whether funding conditions are improving. FY25 Profit Guidance: The company has already hinted that FY25 profits may not exceed FY24 unless market conditions improve. They may clarify this further. Student Housing & BTR Demand: Given the ongoing shortage of rental and student properties, they may emphasize long-term growth prospects. 3. Strategic Developments New Projects: Any updates on their "Refresh" initiative or land acquisitions could be positive. Funding Options: The Board is reviewing ways to improve medium-to-long-term funding—this could include joint ventures, asset sales, or even a capital raise. Potential Surprises If the forward funding market has improved, WJG may revise their FY25 outlook more positively. A dividend reinstatement would be a strong signal of confidence, but given their cautious tone, it may be too early. The key focus will be cash flow, forward sales, and market sentiment. If market conditions pick up and WJG secures more transactions, the stock could see upside momentum. If funding challenges persist, the share price might remain under pressure. |
Posted at 08/1/2025 16:59 by trader465 Watkin Jones plc (WJG) has recently indicated that the absence of additional forward funding before the fiscal year-end has led to performance falling below prior expectations.INVESTEGATE Despite this, the company anticipates a significant improvement in adjusted operating profit for FY24, projecting a range of £10 million to £12 million, up from £0.2 million in FY23. INVESTEGATE The Group has also reported an effective focus on cash generation, with gross cash expected to be approximately £80 million and net cash around £65 million by 30 September 2024, both ahead of previous expectations. INVESTEGATE While the robust net cash position provides a strong financial underpinning for committed spending requirements, it also limits the extent to which the Group can capitalize on market conditions and further develop its pipeline. Consequently, the Board is reviewing a range of options to enhance its medium and longer-term funding position, aiming to leverage a market recovery. INVESTEGATE In summary, although WJG is not currently in immediate need of raising capital due to its solid cash reserves, it is proactively exploring funding options to support future growth and take advantage of improving market conditions. |
Posted at 20/12/2024 09:42 by jpatara3 Good read. I am already invested in WJG, have been topping up on the way down. WJG is a victim of the macro economic conditions, as are renewables, infrastructure and REITs. Anyone of these reporting negative numbers will be heavily dumped. Below 20p seems like a good punt, hold for 5yrs. Hopefully by that time we will have all re-adjusted to the new norm - higher borrowing costs, and price increases to support companies. WJG and DGi9 are the two stocks making my portfolio stink! Irony is that these two are operating in growth industries, and are struggling to survive! I only have myself to blame for trusting management!! |
Posted at 19/12/2024 20:18 by yorek Well worth a read - The Oak Bloke Substack review of Watkins Jones:"Watkins Jones WJG Idea #20 OB25I'm really digging it for 2025THE OAK BLOKEDEC 19, 2024"https://theoakb |
Posted at 17/12/2024 11:54 by hybrasil I suggest any one following this should read todays results from Conygar.Incidentally Fresh (wjgs student accommodation management arm) run the student acccomodation in Conygars building. Massive write down in values and rate softening in the Student letting rates. I think the best thing WJG could do to preserve value is to go into liquidation! |
Posted at 06/12/2024 10:17 by trader465 The family did very well indeed out of shareholders…Watkin Jones down as family cashes in £70m of stock They now have a private family office which is in direct competition with WJG plc and will obviously be ahead of WJG plc in any lucrative contract wins. The Watkin Jones family left the day-to-day running of the business in 2018 to focus on WPV, the family's office for property finance, investment, and development. The family remains minority shareholders in the company. WPV works with property developers across the UK, providing development finance and tailoring repayment terms to their needs. Where did they hide the money? Mark WATKIN JONES: Total number of appointments 221 |
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