Watkin Jones Share Discussion Threads

[petersinthemarket] 02/3/2023 13:47

I wish ''very strong'' translated into a very strong sp, but it has a very long way to go yet. My mrs bt these before the family jumped ship and is unhappy at being down c50%.

[christw1234] 02/3/2023 07:50

Hybrasil
I have worked in the PBSA for over 20years having completed £450m of GDV of developments
I consider with my experience I can read the market well.
I consider WJ business model and relationship with institutional investors very strong

[rcturner2] 01/3/2023 22:14

In Bristol (which I know well) they are so stuffed for student accommodation that Bristol Uni is housing freshers in Newport (Wales). I am not making that up!

[sleepy] 01/3/2023 21:24

Goodpick - you are, of course, entitled to your own opinion. Others may respect hybrasil’s experience and knowledge

[goodpick] 01/3/2023 21:07

Hybrasil for goodness sake you dont get it do you.
What do you really consult on ?
The amount investors will pay depends on yield. Rents drive yield ( as well as capital costs and financing)
Suggest you steer away from commenting on a sector you dont get.

[hybrasil] 01/3/2023 20:55

No contradiction whatsoever.

Again very simply you can build and let but can’t make money selling the completed occupied development.

Anyway you won’t hear from me again till the trading update

[christw1234] 01/3/2023 20:01

Hybrasil
You’re not making any sense, that’s the biggest contradiction that I have ever heard of

[hybrasil] 01/3/2023 19:09

The point I am making is extremely simple.

There is huge occupier demand for both student housing and btr.

The problem wjg faces is that there is poor investor demand for their completed developments. Anyway we will know a little more in about 6 weeks with the trading update.

Will they spell out the situation as the two sales they expect to transact in 2023. Don’t hold your breath

[1ultimate] 01/3/2023 18:49

Wtf happened to this today? I thought we would bounce back to £1, share price was down when ftse was up over 60 points

[goodpick] 01/3/2023 18:48

Unite doing well suggests a strong student letting market and strong rents which will drive investor demamd.

“For goodness sake” Hybrasil does that make sense ? I thought you were some kind of expert in this sector ?

[christw1234] 01/3/2023 18:42

Bothdavis
Absolute,I’m afraid Hybrasil doesn’t understand the market

[bothdavis] 01/3/2023 16:02

Surely it is all about demand?

Sources say that BTL and PBSA still has strong demand!!

and dare I say it, that is driven, in part by occupancy or proposed occupancy.............students and others need places to stay.

[christw1234] 01/3/2023 14:32

Hybrasil
You are professionally wrong.
The CEO Richard Simpson has vast experience of the PBSA market and his well respected throughout the sector

[hybrasil] 28/2/2023 17:33

Oh for goodness sake. This is all about yield not occupancy
Chris as to your question about negativity I have worked for many people in this sector.

My harsh view is that retired army officers are generally excellent at managment but poor at entrepreneurship

This is a business that requires a flair.

I repeat I will be a buyer when as I argue it will , it falls below NAV

[bothdavis] 28/2/2023 16:51

Read across from Unite which had a great set of figures today. This should be much higher................

[hybrasil] 28/2/2023 15:11

Chris
Have a look at ssty today

[christw1234] 28/2/2023 09:20

Hybrasil
Thanks, May I ask why you are so negative about this well-managed company?

[hybrasil] 28/2/2023 08:29

Chris
I didn’t short. Opening the cfd account was a pain in the proverbial.

[christw1234] 28/2/2023 07:42

Hybrasil
Thanks for your reply, I would argue all-day long that WJ shares are of better stock than Staysafe
I also think you're shorting of the WJ shares is blown out of the water.
Stay safe yourself

[hybrasil] 27/2/2023 18:51

Chris

Chalk and cheese I agree.

However with the likely recovery in holiday making the prospects of a near term price gain are good I suggest

[christw1234] 27/2/2023 15:32

Hybrasil
Safestay are not in the same league as WJ, they have posted a loss for the last two years
PBSA rentals increased on average by 7% in this academic year, and by 15% in London and Manchester.
even you can't argue with them fundamentals

[hybrasil] 27/2/2023 13:10

Ok I think we all agree it’s a good area to be in.
The issue is timing.
I don’t think now is the time.
If you want a share that I think is primed to take off (and as always I could be wrong). Try safestay (ssty)

[christw1234] 27/2/2023 12:55

Hybrasil
I’m also involved in the PBSA/BTR
In answer to your statement on profitability, the rental market is increasing in the sector to mitigate any increase in costs.
I suggest you look at the institutional investments in PBSA 2022/2023
The proof is in the pudding

[goodpick] 26/2/2023 12:30

Hybrasil, higher funding costs are likely to have an impact on buyer appetite. Thats a fact and Watkin Jones have expressed that.

They have also acknowledged they are going to have a couple of years of flat growth.

This is nothing additional to what has already been said. No one is in denial about the short term prospects.

However personally i dont agree with your absolutist black and white view that nothing will sell by comments like “the market is gone for the moment” unless you have concrete evidence and examples you can produce here ?

I appreciate and believe that you work im the sector ( student sector ) and you are entitled to your opinion but its not all encompaasing and conclusive. Thank you

[hybrasil] 26/2/2023 09:33

Chris
As I have said before I am involved in student housing and I know how strong the occupier end of the market is. The shortage of accommodation generally (with ref to BTR)is well documented.

What I am saying is (and yes the poster who says it may be short term may be right) is that at the moment it is difficult to sell the completed product and make money.
IE The investment market for those asset classes is gone for the moment.