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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 -0.49% 202.00p 200.00p 202.50p 205.00p 198.00p 198.00p 98,306 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 301.9 35.8 14.0 14.4 515.64

Watkin Jones Share Discussion Threads

Showing 1651 to 1675 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
10/12/2018
19:53
.. Or maybe a weak sterling leads to higher inflation and interest rates which leads to reduced demand?; on the other hand weak sterling also encourages more demand from foreign students and foreign investors? - if such marketing is necessary. Good trading statement 6 weeks ago so worth holding on to this imho. Maybe today caught up in generic uk and especially real estate / construction sell off once again on political noise.
cordwainer
06/12/2018
10:56
The average price of student accommodation in the UK has jumped by nearly a third in six years, a survey has suggested. The increase has been driven by the standard of accommodation shifting steadily upmarket, research by student housing charity Unipol and the National Union of Students (NUS) found. But the NUS warned it had created a "real affordability problem". Https://www.bbc.co.uk/news/business-46459694 Why should a mere builder worry? A boom and bust would lead to reduced demand.
jonwig
04/12/2018
12:27
Thank you. Delayed or strange things doesn't sound very professional.
adelwire2
03/12/2018
20:07
adelwire - the uncrossing trade (UT) is the closing auction (stamped at 16:35 without fail) - it determines the official closing price for the day. The others could be delayed reporting, or other strange things.
jonwig
03/12/2018
19:51
Surely that trade price doesnt make sense looking at ones either side of it...
adelwire2
03/12/2018
17:08
An interesting uncrossing trade 14,466 @210.
skinny
26/11/2018
08:35
The price was set by the uncrossing trade (UT) @197.60
skinny
26/11/2018
08:35
The chart seems to show yesterday's close, not today's trades. Current quote is 201.5-205.5 or something like. First hour is sometimes messy.
jonwig
26/11/2018
08:29
Down to 197p on 2 minor trades? Explain
adelwire2
16/11/2018
16:43
Yes, VCTs are busy fundraising, and Octopus are the largest player in that field. They might even have more money than opportunities.
jonwig
16/11/2018
15:51
Octopus Investments Nominees 7.96% -> 8.06%.
skinny
06/11/2018
08:15
The fact that shares in Watkin Jones (WJG:207p), a construction company specialising in purpose-built student accommodation (PBSA) and private rented housing, held their value during October’s market rout is testament to the strength of its business offering as a full-year pre-close trading update highlighted. Having completed all 10 PBSA schemes and delivered 3,415 beds for the start of the 2018/19 academic year, the directors have tweaked up their full-year revenue and underlying earnings guidance. The news prompted analysts at brokerage Peel Hunt to pencil in a 13 per cent rise in underlying pre-tax profit to £49.5m and that excludes a £4m one-off profit the board also revealed in the company’s trading update. Net funds are expected to have risen by almost half to £60m, or 23p a share, over the 12 month trading period to end September 2018, according to analysts at Equity Development, adding weight to expectations of a double-digit hike in the payout per share to 7.4p and one covered more than two times over by EPS. Moreover, all bar 77 of the 2,723 beds slated for delivery in the new financial year have already been forward sold, and so too have 70 per cent of the 2,606 beds scheduled for delivery in the 2019/20 financial year. This solid pipeline not only significantly de-risks earnings forecasts, but with the company targeting delivery of 1,500 build to rent apartments over the course of the next three financial years, and entering into development agreements with major institutional investors, then there is a solid and growing contribution from private rented housing to augment the PBSA revenue stream. The board are still considering the option of spinning off the build to rent business into a new investment vehicle to enhance shareholder value. There is no doubt in my mind that Watkin Jones’ shares remain undervalued even after doubling in value since I initiated coverage around the 100p mark at the IPO ('A profitable education', 3 April 2016). That’s because the forward cash-adjusted PE ratio is only 11 for the 2018/19 financial year, falling to 10 the year after. The board have also paid out total dividends per share of 13.07p in the past two and a half years, and the progressive dividend policy is well underpinned by the cash flow generated from completed developments. The respective prospective dividend yields are 3.9 per cent and 4 per cent. So, having last advised buying the shares, at 207p, ahead of last week’s trading update ('Watkin Jones offers robust visibility', 4 October 2018), I maintain my positive stance and reaffirm 250p target price. Buy.
ron manager
05/11/2018
15:11
Tipped by Simon Thompson of the IC earlier today it seems - anyone got full access? Https://www.investorschronicle.co.uk/comment/2018/11/05/small-cap-trading-updates/ "The fact that shares in Watkin Jones (WJG:207p), a construction company specialising in purpose-built student accommodation (PBSA) and private rented housing, held their value during October’s market rout is testament to the strength of its business offering as a full-year pre-close trading update highlighted....."
rivaldo
01/11/2018
06:16
Citywire: Construction and development company Watkin Jones (WJG) is a ‘beacon of stability’ in an uncertain market, says Jefferies. Analyst Anthony Codling retained his ‘buy’ recommendation and target price of 250p on the shares, which rose 5.8% to 211p yesterday. The company had a ‘strong finish’ to 2018 as revenues and earnings came in slightly ahead of expectations, he said. ‘Aside from full year 2018, in our view, the group has also made strong progress towards achieving our 2019 and 2020 expectations,’ he said. ‘At a time when we have an oversupply of uncertainty, we believe Watkin Jones provides a safe harbour. We may not know the outcome of Brexit but we do know there is an undersupply of what Watkin Jones is selling.’
jonwig
31/10/2018
16:42
That's more like it. Onwards and upwards.
adelwire2
31/10/2018
10:34
Indeed - as I said, the forecast for the current year is 16.2p EPS (i.e to Sept'19).
rivaldo
31/10/2018
10:24
Thanks - so it's eps 15.2p for 2018, 16.2p for 2019, etc.
jonwig
31/10/2018
10:22
Equity Development; Watkin Jones, a tier 1 developer/manager of purpose built student accommodation (PBSA) and build to rent (BTR) properties, this morning announced it had finished 10 PBSA (10 LY) developments covering 3,415 beds (3,314 LY) during FY18. Delivering record results which were “slightly ahead of expectations” (New ED Adj PBT £48m vs £46m before, & up +15% on LY £41.8m). First & foremost the fundamentals remains “strong”. This is characterised by strong occupier demand for quality, yet affordable, University & rented accommodation – all forward funded from a host of premier development partners. With regards to the numbers, we make no change to our FY19 forecasts, but nudge up the valuation to 235p/share thanks to the stronger than expected progress. At 200p, the stock trades on FY19 PE & EV/EBIT multiples of 12.4x and 8.7x, along with offering a 4.0% dividend yield. In our view, a deserved premium to peers in light of its superior cash generation, asset efficiency, sales visibility and risk profile.
davebowler
31/10/2018
10:12
Latest note from Equity Development now out. https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DwN5QjM
edmonda
31/10/2018
09:50
rivaldo - in their 02/10 note, EquDev had adj eps 14.6p for 2018, and 16.2p for 2019. (Then, with a crystal ball, 17.3, 18.7, 20.7, 22.6, 24.4 through to 2024.) Have they updated already?
jonwig
31/10/2018
09:35
Equity Development have 16.2p EPS forecast for this year - with a closing £60m+ cash pile which would represent 11% of the current m/cap. That's a current year P/E of 12.5, or say around 11 once you strip out the cash pile. Pretty good value especially considering the high forward visibility, the prospects in BTR - and the excellent track record.
rivaldo
31/10/2018
08:34
31 Oct 2018 Peel Hunt Buy 205.97 240.00 Reiterates 30 Oct 2018 Berenberg Buy 205.97 235.00 Initiates/Starts
skinny
31/10/2018
08:19
From memory, that's the first time they've announced "ahead of expectations". I have 2018 broker consensus as; Rev £338.7m, eps 15.0p, div 7.33p.
jonwig
31/10/2018
07:26
Trading ahead of expectations.... Plus everything else going well. Even the known reduction in units in FPG has had a silver lining with a one-off £4m profit-share! And interesting comments re evaluating options to maximise shareholder returns on BTR. Given the forward visibility over revenues and profits, it's not surprising that "the Board remains confident in the future outlook for the Group".
rivaldo
31/10/2018
07:05
Nice update
davemac3
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