Watkin Jones Share Discussion Threads

[jonwig] 28/12/2016 11:50

EC might know - he's in the insurance business.

[nurdin] 28/12/2016 11:46

Would WJG not take out an insurance policy for such an eventuality? Not sure they would expose the company to such a huge risk without some degree of cover.. but wdik!

Thank you for highlighting the risk anyway.

[shanklin] 28/12/2016 07:36

nurdin

On the basis that every little helps, the ongoing management fee income is useful and something that is steadily increasing.

[nurdin] 27/12/2016 12:34

Slide 14 of the Interim results presentation explains it all:

[nurdin] 27/12/2016 10:47

As far as I can see,WJA are just a management and consultancy group who undertake developments on behalf of clients.The services include, land acquisition,planning applications ,construction and marketing.For this they get a management fee plus a certain level of commission..They do not own any of the properties developed nor do they get share of the rent,as far as I can see.

Happy to be corrected.

[effortless cool] 27/12/2016 10:19

Clearly not. I suspect he's been polishing off the Christmas sherry.

[alan@bj] 27/12/2016 09:58

Do you understand what WJG do, R Ball?

[shaker44] 27/12/2016 08:23

can you explain more please??

[r ball] 27/12/2016 08:20

Who owns the ground rent? It can make the value of the pod bought by an investor worthless within 30 years? I suspect this will be 2017s misselling scandal.

[spellbrook] 27/12/2016 08:16

Watkin jones Group 1hr ago added 3 photos

We are delighted to announce we have received planning for a development in Rockingham Street, Sheffield, in close proximity to the University of Sheffield. It will provide 543 beds of student accommodation (457 ensuite clusters, 69 self-contained studios and 17 one bed apartments) as well as two commercial units totalling approximately 4,340 square feet.
Rockingham Street is due for delivery in the summer of 2018, ahead of the 2018-19 academic year.

[dibbs] 23/12/2016 22:49

I spotted those 2 trades too Rivaldo and also hope that they may herald the end of this overhang. Those trades have made today the highest volume day since just after their admission to the market. Fingers crossed for a steady climb in the new year.

Dibbs

[rivaldo] 23/12/2016 10:17

Two large O trades of 1.759m shares each have just gone through at 117p. May just be a rollover, but the immediate tick up afterwards perhaps suggests otherwise. Hopefully the end of this overhang.

[spellbrook] 23/12/2016 08:40

We would like to announce we have received planning consent for two developments in Aberdeen. These schemes include the redevelopment of Pittodrie Street, which is in close proximity to Aberdeen University, providing 618 beds of student accommodation and Caledon House, which is situated in a prime location opposite Robert Gordon University and will provide 199 beds of student accommodation (147 ensuite clusters and 52 self-contained studios). Caledon House is scheduled to be completed in the summer of 2018, ahead of the 2018-19 academic year, whilst the Pittodrie Street development is expected to be completed in the summer of 2019, ahead of the 2019-20 academic year.

[rivaldo] 23/12/2016 08:32

The IC says Buy:



"IC TIP UPDATES:

Student accomodation developer Watkin Jones (WJG) has announced the forward sale of its Duncan House development project in Stratford High Street in east London for an undisclosed sum. The scheme will provide 511 student beds, 44 residential units and associated business and education space with the residential units and other space to be sold separately by Watkin Jones. The company has also received planning permission for two projects in Aberdeen and one in Sheffield and completed the sale of its Athena Hall development in Ipswich. We keep our buy rating."

[spellbrook] 22/12/2016 22:31

Watkin Jones Group
Tweet 5hrs ago


We would like to announce we have received planning consent for two Student Accommodation developments in Aberdeen! #Students

[2vdm] 22/12/2016 15:04

Yes, Ive bought a few more too. Wish I had a bit more available right now, but I'll start again after Christmas.

[martinthebrave] 22/12/2016 14:17

What does it take to move this stock up. A quick tot up gets me to C:£250k of Buys & one £50k sell. Resulting in a slight drop in share price ....

Anyway I have bought more today.

[shaker44] 22/12/2016 10:08

Positive rns today showing solid progress. Good bvuying opportunity in my view but dyor

[skinny] 22/12/2016 09:58

Peel Hunt Buy 117.88 140.00 140.00 Reiterates

[effortless cool] 22/12/2016 09:43

Very pleased with the update. I added this morning. So did lots of others apparently, although the price seems strangely resistant to rising.

[paleje] 22/12/2016 09:33

Nice unexpected update together with the Zeus rerate. I agree with rivaldo the p/e even at 12 would be very undemanding in view of the clarity of earnings and the business model, not to mention the communications.

[nurdin] 22/12/2016 09:12

Yes hard to shift the share price...and as you say dont know what it will take to rerate the stock.Its like watching paint dry!

[rivaldo] 22/12/2016 09:11

I bought back in this morning having taken profits at a slightly higher level a while ago.

Zeus have reiterated their forecasts today, suggesting a 160p target price.

Even at 160p the P/E would only be 12 against 13.7p EPS forecast for the current year (to 30/9/17).

The 4p divi for the year just gone and the 6.3p divi for this year make WJG even more attractive, together with the extremely high earnings visibility going forward.

There is obviously a seller out there, but then he's been there for some time now and should be starting to run out of stock. There are some 40k or so shares available to buy online, but I suspect that there will be a sharp re-rating once this disappears.