Watkin Jones Share Discussion Threads

[blackhorse23] 01/11/2023 14:59

400k block buying went through

[blackhorse23] 01/11/2023 10:41

Blue everyday , bouncing back .

[blackhorse23] 31/10/2023 12:39

Group 2023 revenues were of 450m on target. 2024 will be surging of revenues with forward sell 330 million before year start. Strong free cash 72m , fixed assets valued 160m , low low mcap of 80m , it's a massive bargain.

[hybrasil] 31/10/2023 10:48

Just had a look again at the annual report and the progressive research note.

Administrative expenese (and I don’t think they have anything to do with actual building costs) amount to £31 million.

Progressive are forecasting a loss of £3.5 million (and as I have said before a pulled dividend) so those expenses are eating into the NAV.

They have 11 weeks to the results announcement. So they will be doing everything they can to get a sale in that period.

If they don’t get one,my chance to buy will have arrived

[jeffian] 27/10/2023 18:39

Never mind. Cheer up!

[blackhorse23] 27/10/2023 18:18

Blue every day

[hybrasil] 26/10/2023 15:40

Blackhorse

They are retained and paid for by Wjg !

[jeffian] 26/10/2023 15:13

That explains a lot.

[blackhorse23] 26/10/2023 14:00

Do you work from them? Lol , Who looks for scumbag note??? I do my own research based on real time financial data & valuation

[hybrasil] 26/10/2023 13:53

Did you look at the progressive note?

[blackhorse23] 26/10/2023 13:45

If you notice it's actually bouncing back from last week even bad days for most of stocks. You end up buying 60p per share .

[hybrasil] 26/10/2023 13:27

Suggest you have a look at the progressive research note.
They say the Ntav per share was 64.1p for 2022 and will be 46p for 2023.

I suspect that on a valuation of what they hold for the next set of accounts that it will be less than that.

So to value this against its property peers what discount do you apply.

Somewhere between 30 and 50%

There is my 25p. QED

[blackhorse23] 26/10/2023 12:23

Group already made 330 million forward sells for 2024 but we are still in 2023 , more sells to come

[blackhorse23] 26/10/2023 12:21

Liabilities very little & off set against revenues , it's not an issue ,

[eigthwonder] 26/10/2023 12:13

Nailed it hybrasil. To be fair there is one particular "investor" who is the most deluded idiot on the planet who doesn't get it, or they're just a wind up merchant. Save your analysis for more deserving causes

[christw1234] 26/10/2023 12:05

Blackhorse
You fail to mention WJG liabilities?

[blackhorse23] 26/10/2023 10:32

Mcap 75millon , revenues 430m , fixed assests £160m , free cash 72m .. it's a good bet

[blackhorse23] 26/10/2023 10:31

They had sells over 400 million 2023 , sourced 430m , ref: recent RNS & what make you think no announcement about sell??? Do you not read RNS ??

[hybrasil] 26/10/2023 09:59

Most investors simply do not understand the model


you have seen no announcements of sales and without sales they have no business

[christw1234] 26/10/2023 09:11

Blackhorse
You are missing one Salient issue.
PBSA developers are struggling making the figures stack up to make a profit.
That’s why the supply market for PBSA has a massive under supply.

[blackhorse23] 26/10/2023 08:19

Students accommodation is a good business , most profitable

[blackhorse23] 26/10/2023 00:42

WJG prices fell below rescission levels but we are not in Recession . WJG free cash , rental income & assets value minus liability, way way higher than current share price Rentals market Stronger than ever . I have number of properties, more tenants demand than ever and also tenants want to pay more deposit than before . Some here out of touch

[blackhorse23] 26/10/2023 00:37

Strong housing market, https://www.housingtoday.co.uk/news/housing-market-defying-expectations-says-zoopla/5122603.article

[christw1234] 25/10/2023 18:08

Blackhorse
Which planet are you on, do you know anything about the PBSA/BTR markets?
Iam very puzzled by your analysis of WJG shares, where do you get your info from?