Watkin Jones Share Discussion Threads

[srpactive] 16/1/2023 08:24

I am glad we have a very quiet thread, giving chance to accumulate.

dyor

[srpactive] 16/1/2023 08:13

Morning, nothing better than a positive chart starting to
grind its way back to where it has come from, especially with
a 9.9% yield attached when bought.

dyor

[srpactive] 13/1/2023 19:39

Another good steady day.

[srpactive] 13/1/2023 08:27

Morning, a consolidation here would be ideal, fingers crossed.

dyor

[srpactive] 12/1/2023 17:07

A good close, hopefully a steady as she goes rise towards next
resistance at 150p.

dyor

[srpactive] 12/1/2023 14:31

Grinding nicely higher, just need to close above 105.8p.

I valued it at pe 5 yield 9.8% when I bought my lots around 80p.

Hopefully the rise continues.

dyor

[hybrasil] 12/1/2023 11:22

Riverman

Exactly my point. So that’s how they should be rated

[riverman77] 12/1/2023 09:54

Perhaps dried up for now, but find it hard to believe that the whole model is permanently finished - forwward funding has been around decades and nothing has fundamentally changed. In the worst case, surely WJG 'could fund development themselves for the time being (as traditional property companies do) - they have plenty of cash after all.

[hybrasil] 12/1/2023 09:36

Heard from another developer yesterday that the build to rent forward sale model is for the moment - no more.

[srpactive] 10/1/2023 08:19

Seeing 107p on the offer is a nice sight.

dyor

[srpactive] 09/1/2023 15:48

Tickle away.

[srpactive] 09/1/2023 15:40

Tickling interesting territory chartwise.

dyor

[2vdm] 09/1/2023 07:48

Looking fwd to Sept year end results to be announced on 25th Jan as well as investor presentation. Should give us a view going fwd.

[srpactive] 04/1/2023 15:08

If we can close above 105.8p, we could turn a few heads chartwise.

dyor

[hybrasil] 01/1/2023 13:51

Christ
Don’t think they could. Or at least not enough developments. And if they build them can they sell them
Anyway results are due in less than three weeks so we should have a better idea then.

[christw1234] 31/12/2022 16:42

Hybrasil
You are forgetting that WJ could easily forward fund the developments themselves with the bank debt on their capital-light balance sheet

[hybrasil] 31/12/2022 08:12

Good pick
Look back I have not. At least - not yet! Did you get anywhere with your e mail to the company?

Both. It’s not a question of trust. The directors cannot be expected to carry out transactions that consists of forward selling pbsa orBTR profitably in a market that doesn’t allow it. They have already told the market that they are having difficulty with two sales.

This I repeat is not a simple property company. It’s a spec builder in a period of difficulty for their particular product.

Anyway time will tell

[goodpick] 30/12/2022 23:25

Both he has publicly confirmed he has a short in WJ so suits him to post negatively.

[bothdavis] 30/12/2022 22:40

Why?

Why not trust the directors to lead the company?

If you don't trust them....sell up, if you do trust them stay put.

If you don't have a position in this stock......why the persistant negativity?

[hybrasil] 30/12/2022 21:36

Look at short term treasury yields. This is a little bit goosed

[srpactive] 23/12/2022 20:40

Yes happy to hold my two lots already from 80p region and
will increase further on good news.

dyor

[r2oo] 23/12/2022 15:14

Totally agree

[petersinthemarket] 23/12/2022 11:16

Shorttracker.co.uk only tracks shorts above 0.5% and on this basis there is no short on WJG.