Watkin Jones Share Discussion Threads

[trader465] 10/1/2025 10:20

Well they have forecast £10m-£12m in profit to be announced soon so they must be selling something?

£10m profit, £65m cash, and market cap down to £50m

[hybrasil] 10/1/2025 10:09

Yes they are all historical sales.
They havnt sold anything in ages

[trader465] 10/1/2025 04:40

c.£400 million of contractually secure forward sold revenue as at 31 March 2024, of which c. £150 million is for delivery in the second half of the year. Total secured pipeline of £1.4 billion

We'll know in a couple of weeks, if I'm wrong I may lose money, if I'm correct I hope to make more money than I lose.

[hybrasil] 09/1/2025 09:58

You are missing the point.
Wjg is a speculative developer.
It CANNOT sell its products.
I think they need to change direction

[trader465] 08/1/2025 16:59

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.

[trader465] 08/1/2025 16:46

It won't go anywhere for a couple of weeks, full year results last year were 23-Jan two weeks tomorrow, We could see a share price recovery in 2025.

Last year:
Loss GBP(2.9)m
net cash GBP43.9m
At 57p, the market cap was £146.17M


Guided in the last FY24 trading update:
profit £10m to £12m (FY23: £0.2m)
net cash £65m
At 20p, the market cap is £51.29M.

57p to 20p is -64%, the reverse 20p to 57p is +185%

[wallywoo] 06/1/2025 13:25

Good volume today. This is getting ready to blow imho. Get in now if you're hovering on the sidelines.

[bloomberg2] 05/1/2025 18:41

Cheers Trader465 ! Let the games begin! Traders back from skiing trips etc tomorrow should see forward momentum

[trader465] 05/1/2025 17:42

It was high risk at 40-50p, it's now half the risk it was then.

NAV of £130.01 million = 50.7p per share after the £35m provision in 2023

Net cash per share 25.3p

Operating profit (from £0.2m in FY23 to an expected £10m-£12m in FY24)

Strong cash generation (£80 million gross cash at the end of FY24)

Market cap £52m

[bloomberg2] 05/1/2025 16:39

No Dividends to be paid ! They were cancelled! Let's see what the financials say in a couple of weeks !! This stock is for high risk investors now !

[steve3sandal1] 05/1/2025 15:43

Does anyone know off the top of their heads what the Board has flagged about the dividend position?

[wallywoo] 05/1/2025 09:01

I think you will be well pleased with your investment here in 6 months +.


This is a bombed out silly share price imho. You just have to hold on until things normalise.


I posted 2 weeks ago on here, that this and Revb were my tips for 100%+ share price growth in 2025. Revb are up 60% so far, this is only around 10%. Looking forward to wjg catching up!!!

[hybrasil] 04/1/2025 09:57

While I have bought shares (at 20p) the principal problem here at the moment is that they don’t appear to be able to sell anything..
Maybe they should just buy conygar (which owns a massive student block in the island quarter in Nottingham that Fresh manages) and become a property owner rather than a spec developer that they have so spectacularly failed at being

[bloomberg2] 04/1/2025 08:37

https://theoakbloke.substack.com/p/watkins-jones-wjg-idea-20-ob25

[bloomberg2] 03/1/2025 18:01

https://youtu.be/qcWDNNfm8uI?si=P8iVoH2b2kYmlg80Go to 31 minutes in!! Sounds positive but we will have to see how things have turned out..? In the final results

[riverman77] 03/1/2025 17:03

Isn't most of that cash needed to cover potential cladding liabilities? Agree though that this looks very cheap on a big discount to net assets - a good (if risky) recovery play, so happy to take a small punt on this.

[trader465] 03/1/2025 16:57

Bought a starter position today. 25p per share in cash, so effectively picking up 25p for 20p. Let’s see how they do—if the results hint at a recovery, I’ll be adding. Could do well from this low base

[bloomberg2] 03/1/2025 09:40

Blue zone should be arriving shortly

[hybrasil] 03/1/2025 08:47

I hope the directors are better at managing the companies money than they are their own.
Since jul 21 mr giddins has invested £572k in this Co which is now worth £176k or about 70% down!
Why are none of the directors buying when the share price is in the 20p area?

[bloomberg2] 02/1/2025 15:27

Results end of the month! Full year .... Hope we hit a bottom .... Special situation

[hybrasil] 02/1/2025 14:19

Maybe Im wrong and volumes are light but there seems to support at the .20p level

[bloomberg2] 27/12/2024 08:27

Santer rally continuing

[riverman77] 24/12/2024 13:21

Perhaps although I'm looking at where it might be in a couple of years time - not too bothered about short term fluctuations.

[1ultimate] 24/12/2024 13:15

I’m expecting at least 21p by the close of play on Friday!

Onwards and Upwards to 30p quick time 😉

IMHO, DYOR