Watkin Jones Share Discussion Threads

[eigthwonder] 11/10/2023 13:21

i am going to stop posting on this thread until the total waste of a keyboard that is BH disappears.

[hybrasil] 11/10/2023 13:16

Sorry
Reread the progressive note the ntav is 43p (according to them)

[tlobs2] 11/10/2023 13:00

Is this clown for real?



Blackhorse2311 Oct '23 - 11:23 - 3652 of 3662

Big move is coming after 11.30am

[blackhorse23] 11/10/2023 12:48

Big bounce is coming

[hybrasil] 11/10/2023 12:43

This idiot keeps posting tripe.
The net assets according to the companies own paid for research is 47p.And I suspect that includes £11 m goodwill which doesn’t exist

How is that 5 times?

[blackhorse23] 11/10/2023 12:37

15 months ago share price was 250p now 34p , strong free cash 43m , gross cash 272m & assets value 5 times more than MCAP

[eigthwonder] 11/10/2023 12:36

It was the chairman, who has a lot of money and many other interests; the loss will be a rounding error and probably helps his tax planning

[trader465] 11/10/2023 12:17

Well they’re not very smart then

[blackhorse23] 11/10/2023 12:13

Directors bought heavy last month around 46p

[hybrasil] 11/10/2023 11:50

Siddi

In the progressive research note out this am they say nav is 47p.

[julian1000] 11/10/2023 11:48

Fingers crossed for you to get in at 25p. I might buy more at that level too but will the directors!

[skinny] 11/10/2023 11:39

@176m as of September 2022?

[siddiqur] 11/10/2023 11:31

What is nav ?

[blackhorse23] 11/10/2023 11:23

Big move is coming after 11.30am , cheap home building shares WJG https://youtube.com/live/YVDxUe4tiCA?feature=share

[catabrit] 11/10/2023 10:58

Been watching this car crash for over a year and saved myself an almighty drawdown. Do not forget the net cash or net working capital is boosted by them being one of the worst payers in the industry. That makes cash flow look better than it really is.

Considering the headwinds and lack of profitability, I don’t see why this should trade at a premium to NAV.

Someone please give me a nudge when it trades at a discount. Until then I wish the bulls the best of luck.

[tomzimerman] 11/10/2023 10:56

He's makes stuff up, go and have look how many times the twerp has topped up at aph recently lol

[wad collector] 11/10/2023 10:43

You haven't worked it out yet ; he is a fantasist who has got old of his Dad's computer. It's what the filter is for.

[hybrasil] 11/10/2023 10:41

Also on Progressives notes there will be no final dividend
Incredible value destruction here. At one stage it was valued at over £700 million

[tlobs2] 11/10/2023 10:24

Do you have a url for this wild claim Blackhorse?


Blackhorse2311 Oct '23 - 10:13 - 3645 of 3646

Financial Data very good, record cash 72m , revenue over 400m , assets valued over 500m , mcap only 80m , brokers price target 140p to 185p

[hybrasil] 11/10/2023 10:16

Julian
Still way over valued for me at .33

Progressive research in its note this mmorning Blackhorse has NAV at 47p

However substantial risk exists here.
For all the reasons previously outlined.

No details on the cost cutting. The ceo was on 750k so a saving there. Have they let more people go

[blackhorse23] 11/10/2023 10:13

Financial Data very good, record cash 72m , revenue over 400m , assets valued over 500m , mcap only 80m , brokers price target 140p to 185p

[julian1000] 11/10/2023 09:58

A good, solid trading update. Most shares are down today and this is no different.

[hybrasil] 11/10/2023 09:52

Just put in an order for 100000 at 25p

[blackhorse23] 11/10/2023 09:42

Bought some this morning

[tlobs2] 11/10/2023 09:27

Blackhorse23, just checked and you can sell for 33.7p