Watkin Jones Share Discussion Threads

[the big fella] 13/3/2017 10:48

shaker - I haver my ISA with iweb. Agreed they are v good. I am also looking to start using them for general portfolio as I am struggling to justify the charges I pay my other (non online brokers).

[bestace] 13/3/2017 10:39

On the DOTD board some people were having the same issue with Barclays, seems they still rely on cheque payments!

[shaker44] 13/3/2017 10:05

Also got div on 28/2 in iweb. I find iweb v good. and hust release new website update. cheap to trade

[dhmace] 13/3/2017 09:56

Am still awaiting their response. It looks as though they have missed this completely and all their WJG holders affected. System failure?

[jeremyjezza] 13/3/2017 09:48

Still no dividend payment through Barclays.Also waiting for an EGL payment for the same date.

[alan@bj] 11/3/2017 06:57

It was in my HL account on the 28th. I also use TDDI who are normally pretty good.

[spoole5] 10/3/2017 22:37

Switch to HL, divis paid on time without fail, around 4pm on payment date.

[dhmace] 10/3/2017 21:41

I have emailed Barclays. Awaiting response. Thought it was just me!

[shepc] 10/3/2017 20:44

Shares held with Barclays, still awaiting divi, 28th Feb was payment date?

[jonwig] 10/3/2017 15:57

A good half of trades are AT, I don't see much relevance in MM spreads.

[santangello] 10/3/2017 15:43

Patience required here before the next leg starts. Doesn't look like a distressed seller, but MMs keen to hold resistance at 150p. I am long and have added lately at 143 and 145p, with confidence....

[hannahh] 09/3/2017 11:30

If you would like to hear Mark Watkin Jones, Chief Executive Officer, and Philip Byrom, Chief Financial Officer, present on behalf of Watkin Jones they will be appearing at our next investor forum on the evening of Wednesday 29th of March. Also appearing will be the management of Molins and Accrol.

To learn more about the forum and to register for free please follow this link: hxxps://www.eventbrite.co.uk/e/equity-development-investor-forum-march-2017-tickets-32226603639

Thanks,
The Equity Development team

[jonwig] 09/3/2017 09:52

GCP Student Living (DIGS) bought Woburn Place. It's apparently in need of major refurbishment, to take over a year:

[alan@bj] 09/3/2017 09:48

This piece from today's Times (indicating a strong appetite for its type of asset) may explain the rise in WJG's share price yesterday:-
"When Unite Group, the student accommodation specialist, agreed to pay £227 million for assets on the campus of Aston University, Birmingham, in the middle of last month, the company indicated plans to sell £150 million to £200 million-worth of properties in less high growth areas. The sale yesterday of Woburn Place, in central London, for £135 million, of which Unite will receive £67.5 million, just about completes that process, and quicker than the market had been expecting."

[skinny] 08/3/2017 15:48

Making new highs @155p.

[rivaldo] 08/3/2017 15:46

Good to see lots of AT trade buying at 154p-155p, indicating institutional buying.

[its the oxman] 08/3/2017 14:48

Trading statement 7th April last year.

[its the oxman] 08/3/2017 09:18

Feels like pressure is building for break through 150p

[its the oxman] 07/3/2017 16:10

Do not often do this but for those sharing an interest in property related play offering value and scope for growth, ntbr may be worth a look. Just added myself. Obviously small caps come with risk and dyor etc

[alphabeta4] 07/3/2017 07:50

Adam - you also need to be careful not to draw revenue relating to just the number of beds due to be delivered in the current year, the additional years add too as some are being worked on now of which there are a number of chunky projects which help support the current year's expected numbers.

[jonwig] 06/3/2017 06:40

Glaws, Adam - you've mentioned something I'd forgotten as I hadn't made a note of it! They did say exactly that: current builds are higher quality and so command higher prices and margins. Hence, as you suggest, numbers aren't the whole story.

Also, if you follow the student REITs such as ESP, you'll see they are having to pay more per bed for new-build accommodation. (Over £100,000 is not uncommon in prime areas.)

[glaws2] 06/3/2017 06:25

AdamB1978

Fresh is predicted to grow about 50% in 2017 but this is from a very low base in terms of revenue and profit. Student accommodation made up 90% of profits in 2016. They have not made predictions for PRS but again this is currently a small contributor.

However, bear in mind that number of beds does not equate directly with returns and they have strongly hinted that they expect growth in profits from this sector.

Jonwig can probably add further as he attended the AGM.

[adamb1978] 05/3/2017 11:32

Bought into WJG in early Jan at 118p so obviously very pleased with the performance so far. Quick question for holders: the number of student places delivered this year (and next) is going to be broadly flat on the 3819 last year, certainly not up materially. So the growth needs to come from the accommodation management and PRS business, but most of the narrative is around the main business. DOes anyone have estimates for the likely growth in the management and PRS businesses? Otherwise its difficult to see material progress on the top-line this year, or perhaps next.
Thanks
Adam

[jonwig] 04/3/2017 08:48

The FT looking forward to Wednesday's budget:

After the fanfare of February’s white paper on housing, most experts expect the Budget to focus its property-related energies on giving support to measures proposed in the long-term policy document.

One area favoured in the white paper was “build to rent” — new build houses built for long-term rental — the growing asset class supported by institutional investors. But advocates of the sector were dealt a blow last year when it failed to win an exemption from a 3 percentage point stamp duty surcharge on additional homes.

Lucian Cook, head of residential research at estate agent Savills, said a move on stamp duty for build to rent would reinforce the government’s newfound warmth for the sector. “It would be a boost for build to rent to know it is excluded from the surcharge.”



This sounds logical - if the government no longer supports the aspitation for everyone to own their own home, 3% stamp duty will hardly promote affordable rents.

[rivaldo] 02/3/2017 15:57

Good to see buying at 150p this afternoon.