Watkin Jones Share Discussion Threads

[wallywoo] 19/7/2023 16:34

Just bgt in here for a bounce punt.


Company has £154m of tangible net assets and a current mkt cap of £120m. With £36m of net cash, so no debt crisis here.


This will bounce a decent amount before the weekend imo.

[value viper] 19/7/2023 16:09

Awaiting next director deal

[mister md] 19/7/2023 16:05

400 k shares traded yesterday

17 million shares traded today (and counting...)

Run up to 50p into the close and gap up tomorrow, or is that wishful thinking ?

[hybrasil] 19/7/2023 15:04

£200,000 is not to be sneezed at.
However anyone who has followed directors buys in this co has lost their shirt

[christw1234] 19/7/2023 15:01

It was obvious to any experienced businessman the model was very risky with no assets on the balance sheet.
The business model needs a root and branch overall to survive.
With a very experienced property man CEO

[mister md] 19/7/2023 14:58

As expected ... Director buys and this is a chunky one !

Director Shareholding

Watkin Jones plc (AIM: WJG) announces that it has been informed that on 19 July 2023, Alan Giddins, Non-Executive Chair, bought 416,000 ordinary shares in the Company at a price of 46.65 pence per share.

[hybrasil] 19/7/2023 14:46

Dafad

Just read again through the interims. Bluntly at the moment the model is finished. Of course in the future forward selling will come back.
If I was on the board I think I would look to a radical change of direction. Maybe sell off or float fresh. Keep everything that you can afford to. I d have to spend a lot more time to work out what that is. Let it.
And when writing annual reports put ESG compliance as an annex at the end.
Shareholders are interested in 3 things. Money, money and money!

[hybrasil] 19/7/2023 14:05

I did suggest safestay (ssty) in February.
The agm is next week where I am hopeful that the chairman will announce strong summer trading

[sikhthetech] 19/7/2023 13:27

The housing market is in a bad state.

Interest rates will stay high for a long time. B2l landlords are leaving the market as it's no longer a favourable environment.



sikhthetech11 Jul '23 - 11:38 - 14654 of 14766 Edit
laf,

Affordability is a major problem, whether it be buying or renting.

Rents have risen as the interest paid by b2l investors have risen. The landlords are trying to maintain a profit.
That rise is on top of council tax and energy price rises for those renting out all inclusive. Air b n b recently announced a 50% drop in revenues. In a lot of places it is cheaper to book a hotel than via Air b n b.


As house prices continue to fall, mortgage rates continue to rise, I think more landlords will continue to sell up.

[riverman77] 19/7/2023 13:18

My experience with these type of situations is stay well away until there is a clear sign that trading is picking up again. Until then likely to remain very volatile.

[bend1pa] 19/7/2023 12:56

I posted last April that 'unless you believe the management are putting out fraudulent or misleading statements'... when at the time they were being unduly optimistic about the 2nd half of the year. At the very least they were misleading investors, and whenever that happens you always get found out in the end to investors detriment of course.

The only good thing to come out of this is that it cost the CEO his job after lying about WJG's prospects. But no idea whether WJG will survive. Financially they're not in trouble yet (no heavy debt) but how long will this state of affairs last for with little to no business?

[finkie] 19/7/2023 12:52

Anyone saying what price to buy in at is mad, there isnt a price to buy in at. They are selling assets in the worst property market for 30 years. CEO has gone. people think this will bounce look at INLAND HOMES similar model.

Be warned.

[hybrasil] 19/7/2023 12:51

I can’t fault anyone who has the good grace to post as Disco did today.

Dafad

I ll ll come back to you

[skinny] 19/7/2023 12:47

For personal reasons at the time from memory.

[petersinthemarket] 19/7/2023 12:44

The family got out at the right time - what a mess

[dafad] 19/7/2023 12:23

Hyb-at what price do you see value here

[riverman77] 19/7/2023 12:14

Yes hybrasil was spot on and was definitely a factor in my decision to sell out a while ago, so thanks for that.

[sikhthetech] 19/7/2023 12:06

well done Hybrasil and Chris on getting this spot on.

Like others in the HBs sector, the poor update was as expected.


From update:

"In the period since the interim results, market conditions have become more challenging. In particular, the recent increases in interest rates and prevailing economic uncertainty have impacted negatively on market liquidity. As a result, there is now a greater degree of risk over these transactions completing by the year end."



sikhthetech - 23 May 2023 - 18:31:34 - 3184 of 3368
I've been negative on the housing market, build to rent sector, housebuilders for a while and that B2L investors would be leaving the market due to unfavourable environment.

[mister md] 19/7/2023 11:32

Hmm, must be worth a trade at under 50p ? Looking at recent director buying activity I'd be very surprised if they didn't add at current prices.