Watkin Jones Share Discussion Threads

[cordwainer] 08/9/2022 17:10

I suspect the share price is anticipating significantly higher costs than previously expected for current and pipeline developments, reacting to economic backdrop and risky govt economic policy. I'm not saying the dip is necessarily justified, depends how much wiggle room is on the contracts on costs..?

[swiss paul] 07/9/2022 15:43

FB - wanna buy a car? lol

[skinny] 07/9/2022 10:16

I might have misread the analogy - but that sounds good to me! :-)

[farnesbarnes] 07/9/2022 10:14

Hi Swiss,

Dealing with WJG is very much like making love to a beautiful woman...

[farnesbarnes] 06/9/2022 12:40

From a non-investment perspective, the problem with WJG is that their buyers mess about too much on social media showing off their new cars, and the QS's on site are still wet behind the ears. Upper management are arrogant.

[skinny] 06/9/2022 06:55

This from the dated yesterday .....

And this from dated last October and of a similar monetary value.

[swiss paul] 05/9/2022 21:52

Info am picking up is that there is a serious shortage of student accommodation

[bothdavis] 05/9/2022 21:45

In The Times today, Watkin Jones building new builds for Legal and General in Cardiff area I believe it was......good people to be building for.

[r2oo] 02/9/2022 08:45

This is so oversold now.I'm getting ready to top up my position but falling knife and all that!!!

[eigthwonder] 01/9/2022 18:35

they downgraded the sector across the board

[skinny] 01/9/2022 13:29

To probably make them look less stupid!

[zangdook] 01/9/2022 13:22

do they give a reason for the cut?

[clausentum] 01/9/2022 12:56

Berenberg cuts Watkin Jones price target to 260 (325) pence - 'buy'

[janekane] 19/5/2022 11:12

Funny the way this is dropping the results were good we have a provision for rectification of cladding and it’s tanking
This is against all investment thinking

[18bt] 18/5/2022 07:51

Like the name suggestions!

[skinny] 18/5/2022 07:12

Berenberg Bank Buy 237.00p 0.00p 325.00p Reiteration

[zangdook] 17/5/2022 08:14

WhatCan'tJones

[irenekent] 17/5/2022 08:04

BILDRENMAN

[18bt] 17/5/2022 07:51

The £28m cladding remediation hit over 7 years is unwelcome but not unexpected or unmanageable, but it will be cash out of the door.

Amy bets on the new name?

[skinny] 17/5/2022 07:05

These caught my eye :-

Record development pipeline, full year in line with expectations

Interim dividend of 2.9p, up 11.5%, reflecting the strengthening development pipeline and expected strong H2-2022 profits

Announced today the sale to EQT of a PBSA portfolio which comprises three prime student developments along with two operational properties. This has an FY-2022 profit contribution of c. GBP20 million. All properties are to be managed by Fresh.

Richard Simpson, Chief Executive Officer of Watkin Jones, said : " We are continuing to build on the positive momentum from the second half of last year and have demonstrated operational resilience through the strength of our business model. The sale today of a major portfolio of PBSA schemes to EQT, a new institutional investor to the sector, with ongoing management provided by our Fresh business, underlines the attraction of our end-to-end offer for institutional capital targeting UK residential for rent. Our pro-active management of build costs and sales values has ensured that our overall development margins are maintained, and we are confident going into the second half."

"We note the recent passing of the Building Safety Act. Whilst it is unclear as to the exact remedial works that will be required, we have taken an exceptional charge of GBP28 million. We expect these remedial costs to be incurred over a period of up to 7 years."


Analyst meeting

A meeting for analysts will be held in person at 09.30am today, 17 May 2022, at Berenberg, 60 Threadneedle Street, London EC2R 8HP. A copy of the Half Year Results presentation is available at the Group's website:

An audio webcast of the meeting with analysts will be available after 12pm today:

[2vdm] 27/4/2022 07:52

Just the market generally. This is a solid and well managed company imo.

[emmarg] 20/4/2022 18:46

any reason for todays 3.5% decline ?
all seems ok with WJG at the moment

[rustle2] 13/4/2022 15:26

The land sales may just be timing rather than a planned increase. I haven't checked.