Watkin Jones Share Discussion Threads

[disc0dave45] 29/3/2023 16:52

What price you looking to get back in at?Folks DYOR?..beware those that deliberately post up false and misleading information.

[christw1234] 29/3/2023 13:45

This is all about confidence in the shares.
Like the banks when that is eroded it’s very hard to regain

[cordwainer] 28/3/2023 13:34

Apparently a setback with a contractor at Exeter..

[disc0dave45] 26/3/2023 16:42

What price you looking to get back in at?Folks DYOR?..beware those that deliberately post up false and misleading information.

[christw1234] 26/3/2023 13:33

When the all-in cost of Money suddenly spikes to about 9%, the bet can sour very quickly.
The building is worth less, and the rental income might not cover the cost of the building development.
The forward funders and institutions are now feeling cautious so they will offer you a lower-price loan to ratio on a lower valuation

[disc0dave45] 24/3/2023 12:42

Five of the last six financial years they've improved gross margins and achieved 20%-21%, not bad given the macros over that period, guess it will improve again going forwards.What price you looking to get back in at?Folks DYOR.....beware those that deliberately post up false and misleading information.

[christw1234] 23/3/2023 18:52

both Davis
You are correct about the undersupply and demand for PBSA
The main problem facing PBSA developers is that it is very difficult due to the increase in costs and interest rates to return a profit margin of 20% on costs

[bothdavis] 23/3/2023 17:31

The student accommodation sector is seen by investors as somewhat immune to the real estate market downturn due to the surging demand and the continued dearth of supply.

Demand for PSBR is rising faster than it's being built whilst HMO provision is falling. I expect the pace of build to recover this year but it'll clearly take many years to close the undersupply.

[christw1234] 21/3/2023 10:41

Loss of confidence in their shares is Watkin Jones's big challenge

[riverman77] 20/3/2023 23:18

The article says this is the third transaction with Legal & General in last couple of years. Surely has to be a chance of a bid from LGEN - they can then do all these schemes in-house. They already own a housebuilder and a variety of other property/infrastructure businesses so would seem a good fit.

[2vdm] 20/3/2023 07:57

FarnesB, why do you say that?

[farnesbarnes] 16/3/2023 13:27

BTR will eat itself

[disc0dave45] 16/3/2023 12:08

£200m BTR started (didn't see this on their recent presentation)Https://btrnews.co.uk/watkin-jones-breaks-ground-at-legal-general-cardiff-quay/

[bend1pa] 16/3/2023 11:57

Why don’t you short this if your that confident about your views?
=================================================================
He probably already has.

[disc0dave45] 16/3/2023 09:36

Good morning hybrasil,All the best...read the AR again!, yeah right whatever.

[christw1234] 16/3/2023 08:05

Empiric PBSA operator released their figures this morning for 31 December 2022
These show a IFRS profit of £67.7m, including a £45.6m property valuation uplift.
This is why I would like WJ to hold some assets on their balance sheet to take advantage of the increase in student occupancy levels and any rental growth

[hybrasil] 16/3/2023 05:51

I’m quite gruntled actually!

I read the annual report again yesterday and am even more convinced of my views as well documented on this thread.

I am obviously annoying some believers so this time I mean it when I say you won’t hear from me till the trading statement

[disc0dave45] 15/3/2023 17:41

hybrasil Pick a story, any story to fit your agenda.Your pessimism for H2 appears not to be what the market thinks going on the last few days relative strength here.Why don't you short this if your that confident about your views?

[goodpick] 15/3/2023 17:11

Hybrasil you arent a shareholder nor are your shorting but you continue to post negative slants.

I guess you are disgruntled with aomething or someone rather than being here to altrustical help others ?

Why Watkin Jones ?

[hybrasil] 15/3/2023 15:52

Despite the credit suisse debacle the ECB still apparently intend raising rates by.5%.

WJG optimism about the second half of 2023 seems pie in the sky to me

[disc0dave45] 15/3/2023 09:21

Two days ago Goldman Sachs said UK inflation will hit their 2% target by the end of the year if the energy cap is extended - according to media, Hunt will be extending the price cap!.

[hybrasil] 15/3/2023 05:00

Moodys said yesterday that they expect interest rates to remain higher for longer

[disc0dave45] 09/3/2023 13:32

Fair play for digging out the notes on subsequent events, but note the last sentence in particular. Yes your "rough" workings out (must have been very rough!) are correct with the proviso as stated. Either way the lower you make the NAV there's even less chance you will get in at that price. Are you now looking at 56p?.....no offence but it's laughable IMO but good luck."On 9 January 2023, the main contractor on one of the Group's live third party-developed BtR sites entered liquidation proceedings. The Group intends to take on the remaining obligations under the build contract as main contractor. This is a non-adjusting event under IAS 10 "Events after the reporting period". The replacement of this main contractor will result in certain additional costs to the Group, however due to the proximity of this event to the approval of the financial statements an estimate of the net impact of these changes cannot be made at this time.