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Share Name Share Symbol Market Type Share ISIN Share Description
Watkin Jones Plc LSE:WJG London Ordinary Share GB00BD6RF223 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 1.49% 238.00 237.50 238.50 238.00 233.00 233.50 223,242 14:11:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 354.1 25.3 8.3 28.8 609

Watkin Jones plc Progressive publishes new research

19/01/2021 9:14am

RNS Non-Regulatory


TIDMWJG

Watkin Jones plc

19 January 2021

 
Leaner, lighter strategy as investment revives 
 Residential for rent developer and manager Watkin Jones today posted FY 2020 results, in which 
 profits, cash and dividend beat our estimates by c. 4 - 5%. We have maintained our FY 2021E 
 forecasts and introduced estimates for FY 2022E. Our growth assumptions are supported by further 
 evidence in the statement of a revival in forward funding by institutional investors for both 
 the Group's build-to-rent and student accommodation developments. A new strategy is aimed 
 to trial the private residential sales division more to affordable housing, in line with WJ's 
 low-risk, capital-light model. 
 

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eritchie@progressive-research.com

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(END) Dow Jones Newswires

January 19, 2021 04:14 ET (09:14 GMT)

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