Watkin Jones Share Discussion Threads

[blackhorse23] 30/8/2024 12:47

Made my buying mind up because it's cash in bank & assets value too high & mcap not anywhere close to it !!! I think it's a bargain buy

[blackhorse23] 30/8/2024 12:46

One chunk buying is mine lol

[sam_] 30/8/2024 12:13

From LSE BB:

“Many chunky buys have gone through today. It's either 29p was the bottom or we'll get financing update next week :)

30-Aug-24 08:46:49 29.40 25,000 £7,350

30-Aug-24 08:47:14 29.50 25,000 £7,375

30-Aug-24 09:15:53 29.6203 25,000 £7,405

30-Aug-24 09:51:26 29.9299 75,603 £22.63k

30-Aug-24 11:52:16 29.9999 100,000 £30.00k

30-Aug-24 12:15:05 30.00 75,000 £22.50k

30-Aug-24 12:39:38 30.00 125,000 £37.50k

30-Aug-24 12:39:17 30.00 125,000 £37.50k

30-Aug-24 12:44:38 29.988 40,000 £12.00k

30-Aug-24 12:47:13 29.988 16,673 £5,000

30-Aug-24 12:47:44 30.046 37,800 £11.36k

30-Aug-24 12:48:01 30.00 19,738 £5,921
”

[blackhorse23] 30/8/2024 11:48

Bouncing back !!! Bought some

[wallywoo] 30/8/2024 10:03

Surprised, no one is mentioning the large provision and building remedial works that are needed for the next year (and in the last year).That's the reason why profitability has been low here for the last 12 months and the reason why it will be for the next 12 months. However, this company were generating 15p eps before this provision. I see no reason why it cannot return to that in 12 months. The shares are low now. A equity issue is unlikely imho at this price point. Much more likely will be a working capital bond / financing agreement to ensure sufficient working capital. The shares will rerate over the next year imho. Super bargain now.

[trader465] 30/8/2024 09:43

“we do not currently expect adjusted operating profit in FY25 to be above FY24”

I think it’ll just flatline and go sideways for a while

[sam_] 30/8/2024 09:20

@alotto:

“ the Group is expected to show material improvement in FY24, with adjusted operating profit currently expected to be in the range of £10m to £12m (FY23: £0.2m).



The Group has been effective in its focus on cash generation through the second half; at 30 September 2024, gross cash is anticipated to be approximately £80 million (31 March 2024: £67m) and net cash is anticipated to be approximately £65m (31 March 2024: £44m), ahead of previous expectations”

[alotto] 30/8/2024 08:44

What would happen in absence of funds? Will the company still be profitable? Funding can't be provided by shares issuance due to the weak share price.
It seems WJ is troubled, unless the available 'options' are viable and good to a large extent. We need some serious director purchase here to reinstate investor confidence.
The last purchase was worth about £50K (at 32p), which is not a great deal for a (non-executive) director.

[sam_] 30/8/2024 08:06

It’s to take advantage of market conditions and further develop the company’s pipeline.

From the RNS : “ While the Group's robust net cash position provides it with a strong financial underpin for its committed spending requirements, it is nevertheless a limiting factor on the extent to which we can take advantage of market conditions and further develop our pipeline. In light of this, the Board is undertaking a review of a range of options that may be available to enhance its medium and longer term funding position, thereby allowing the Group to capitalise on a market recovery.”

[blackhorse23] 30/8/2024 07:59

Cash flow not enough for current projects!!

[alotto] 30/8/2024 06:32

What's the funding for, I thought there was plenty of cash on the balance sheet?

[strawberry alarm clock] 29/8/2024 22:23

Sahina123 what proof do you have to back up your prediction ? None - you just made it up - you sad pathetic desperate loser

[sahina123] 29/8/2024 10:57

Looks like 29 bottom.should bounce from here

[shinnas] 29/8/2024 07:35

Market makers clever...suck in buyers and lower the price

[strawberry alarm clock] 28/8/2024 23:53

I would absolutely love it if there was a fund raise and dilution - I would be laughing hard at you boring losers going on about NAV

[sam_] 28/8/2024 14:06

The current market cap is now lower than the company's cash, effectively giving a negative value to all its other assets!!!

[blackhorse23] 28/8/2024 13:51

Sellers are still here

[its the oxman] 27/8/2024 22:08

See this mid 20s , probably cheap but no reason to buy.

[blackhorse23] 27/8/2024 07:10

How much funding required?

[strawberry alarm clock] 23/8/2024 15:27

gone down to an all time low Oh dear, what a shame, never mind

[strawberry alarm clock] 23/8/2024 11:45

Not short yet waiting for the price increase first - if there's gonna be a fund raise it's a no brainer

[pinemartin9] 23/8/2024 10:48

Yes they would if short from much higher. What price did you short at? I bought yesterday at just under 32p. One man's medicine is another man's poison!