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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
|
|
|---|---|---|---|---|
| -0.90 | -2.05% | 43.10 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 45.75 | 42.80 | 45.75 | 43.10 | 44.00 |
| Industry Sector |
|---|
| REAL ESTATE |
| Top Posts |
|---|
Posted at 29/3/2024 18:19 by pretax2 It's a funny old world.Here I am looking for a good dividend stock and trying to work out what Watkin Jones does. I'm looking for a home for my Voluntary Severance Scheme money having decided to leave a UK university. 600+ staff took VSS at the university and another 160 are being made redundant. Why, well because students are shunning university education. Why saddle yourself with a lifelong debt to qualify for a profession like Operating Department Technition or Occupation Therapist who have a fairly average wage on the whole. Overseas students (e.g. Nigeria) are also shunning the UK becuase their country has run out of dosh. With fewer students there's less need for student accommodation. Meanwhile my research is suggesting that smart divi investors are piling into oil stocks like BP, Shell and tidlers like I3E. I've put a bit into these too. |
Posted at 26/10/2023 09:59 by hybrasil Most investors simply do not understand the modelyou have seen no announcements of sales and without sales they have no business |
Posted at 20/10/2023 00:30 by blackhorse23 Stock was blue so other investors are buying back heavy |
Posted at 26/9/2023 22:30 by wad collector I am sure that you are having a big influence on the share price , hundreds of investors are hanging on your every word..... |
Posted at 26/9/2023 22:07 by blackhorse23 City boys and institutional investors are loading up at this cheap price. I don't think this price stay too long . |
Posted at 25/9/2023 22:16 by lemonade311 Yes the CFO replied, the provision is 55-60m in cladding related costs for legacy properties which is a lot.However the analysis by all of you here is terrible honestly. @Blackhorse The property is not 5 times the market cap at all. You have to minus debt, impairment, leases and provision for cladding. You can't just use the assets only lol. @Cordwainer @Hybrasil Who cares about the dividend? Old British UK retail investors I guess who love to pay dividend tax... The thing that affects this company is inflation. Inflation going up = rates go up = 10 yr gilts go up = worse yields for institutional clients buying long term Buy to Let's and Student Accomodation properties. Also the forward funding market dries up due to uncertainty I think, i.e low liquidity. Although rent prices have increased which has kept the yield up I think. Inflation goes down like it has so far then the opposite happens. This company is massively affected by inflation. You are betting on inflation going down if you buy this company. I think inflation will keep going down hence I bought a lot more at 40p. The only way they are worth 40p is if inflation goes back up again or stays high for long imo based on a pessimistic DCF. Probably why the chairman bought 400k shares recently, he came to the same conclusion. So many trash comments here by people who shouldn't buy stocks though, painful. |
Posted at 19/7/2023 12:56 by bend1pa I posted last April that 'unless you believe the management are putting out fraudulent or misleading statements'... when at the time they were being unduly optimistic about the 2nd half of the year. At the very least they were misleading investors, and whenever that happens you always get found out in the end to investors detriment of course.The only good thing to come out of this is that it cost the CEO his job after lying about WJG's prospects. But no idea whether WJG will survive. Financially they're not in trouble yet (no heavy debt) but how long will this state of affairs last for with little to no business? |
Posted at 03/7/2023 10:02 by florence141414 I think there is some read across from last week’s announcement by MJ Gleeson that a foreign investor has agreed to purchase a £50m block of their homes with the intention to rent them out.MJ Gleeson are predominately in the business of building cheap, good quality homes to first time of low income buyers. If they are being approached with these kind of offers it’s presumably because investors see the opportunity in the structural, long term growth of renting in this country. This supports my personal view that renting will become more commonplace than ever as mortgages become more unaffordable. Recent rent increases could well be the first sign of this trend. A trend that might be compounded by the slew of personal buy to let owners leaving the market to be replaced by institutional investors. Anyway, that’s a long way of saying that if a regular house builder like MJ Gleeson is being approached by institutions that see the UK rental housing opportunity, then hopefully Watkin Jones being a specialist in that area are seeing the same! |
Posted at 29/6/2023 12:06 by disc0dave45 From Citywire:Property developer Watkin Jones (WJG) is facing a short-lived slowdown, but Chelverton manager David Horner believes demand should pick back up. Horner holds the Citywire Elite Companies plus-rated company in his £339m MI Chelverton UK Equity Income fund and in his latest update said the stock had detracted from performance of late. 'It develops student accommodation and builds to rent properties which are sold to institutional investors,' he said. 'Both of these sectors have been "hot" as demand for the underlying product remains strong but there is a temporary slowdown in the sales pipeline as investors readjust in the face of volatile interest rates and funding costs.' More generally, Horner said that while 'fund managers remain cautious about the UK and private equity awaits more certainty over borrowing costs there is one group of buyers who are upping their investments in UK equities on almost a daily basis and that is the companies themselves.' 'Each morning our screens highlight the sheer number of companies buying their own shares back into treasury and this, to us, is tangible evidence of the disconnect between the rather confused and volatile top-down view and the bottom-up perception of value,' he said. |
Posted at 26/1/2023 08:37 by bothdavis Investors Chronicle today:Watkin Jones (WJG:102p), a developer specialising in purpose-built student accommodation (PBSA) and build-to-rent (BTR) housing, reduced 2022 operating profit guidance by 10 per cent last autumn when two forward sales were pushed back to the new financial year due to the spike in market volatility. At the time, the directors also warned of weaker margins and pricing pressure as purchasers face higher funding costs (‘Margin pressure and market volatility hit Watkin Jones’, 4 October 2022). Interest in forward sales is returning, although management cautions that new forward sales will be weighted to the second half of the 2023 financial year. The directors also note that gross margin of 16.6 per cent in 2022 is likely to fall to 12-14 per cent in the short term due to institutional investors facing higher financing costs. Sensibly, overheads are being closely monitored and a cost-saving plan is expected to deliver annualised savings of £3mn-£4mn. Market opportunity Despite the setback, the long-term fundamentals of both Watkin Jones’ markets remain robust, as highlighted by a £2bn forward pipeline, split equally across the two divisions. Ownership of UK rented housing remains fragmented – only 1.7 per cent is owned by institutional investors – with high levels of occupancy, rent collection rates and attractive investment yields driving investor interest. Investment into BTR assets in the third quarter of 2022 was up 75 per cent year on year, with more than £5bn of investments being made in the 12-month period. In the UK, the number of full-time students continues to grow steadily, a key determinant of demand for PBSA. The growth in non-EU applications means that the EU only provides 3 per cent of applications, so does not have a meaningful impact on overall demand for UK university places. There is a long-term demand-supply imbalance for PBSA, too. This imbalance is expected to increase, with the predicted annual increase in the number of students exceeding the supply of new beds. Privately owned PBSA accounts for more than half of the 698,000 PBSA beds in the UK, but one quarter is unrefurbished, first-generation stock, built pre-1999. A number of these beds are reaching the end of their operational lives and will need replacing. However, only 24,600 new beds were delivered in the 2021-22 academic year, a modest 3 per cent rise on the prior year. These dynamics explain why institutional investors remain attracted to UK PBSA as a mature, stable and income-producing asset class. Knight Frank reported £6.9bn of transactions in 2022, the highest investment volume on record. |
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