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 Shares Traded Last Trade
  -1.50p -0.72% 206.50p 315,377 16:35:20
Bid Price Offer Price High Price Low Price Open Price
207.50p 208.00p 211.00p 205.00p 205.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 363.05 54.34 17.32 11.9 527.1

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Date Time Title Posts
13/6/201913:16::: WATKIN JONES - buildings for students1,804
20/9/201816:47Watkins Jones1

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Watkin Jones Daily Update: Watkin Jones Plc is listed in the Real Estate sector of the London Stock Exchange with ticker WJG. The last closing price for Watkin Jones was 208p.
Watkin Jones Plc has a 4 week average price of 196.20p and a 12 week average price of 196.20p.
The 1 year high share price is 238.50p while the 1 year low share price is currently 185.40p.
There are currently 255,268,875 shares in issue and the average daily traded volume is 533,257 shares. The market capitalisation of Watkin Jones Plc is £527,130,226.88.
rivaldo: Good H1 trading statement, nicely in line with expectations. Lots of good news flow, and Fresh Property units under management is expected to grow strongly: Https://
rivaldo: Newly tipped here: Https:// "I believe Woodford is on far more solid ground with Watkin Jones, and I continue to rate this stock a ‘buy’. The company is a UK leader in multi-occupancy residential property, with a focus on the student accommodation and build-to-rent sectors. There’s good growth here, but I also think this positioning — together with the group’s accommodation management arm — could provide it with more resilience through the economic cycle than companies focused on some of the other areas of the property market. Earlier this week, Watkin Jones posted record results for its financial year ended 30 September. Earnings increased 14% and its board upped the dividend by 15%. At the current share price, we’re looking at a valuation of 13.7 times trailing earnings, and a running dividend yield of 3.5%. I view this as an attractive investment proposition."
rivaldo: Excellent results - "slightly ahead" of prior expectations. 16p adjusted EPS was well ahead of Edison's 15.2p EPS forecast. Edison also forecast £60m net cash, so the actual £80m cash pile is a tremendous uplift. Hopefully then we can expect 18p-20p EPS this year. The 7.6p dividend is also above expectations (which were 7.4p). With "excellent visibility" of future revenues, the announcement of the precise form of the vehicle for future BTR growth should provide further impetus to the share price.
rivaldo: Yep, looks like the share price is trending upwards again with results due next Tuesday. Quite an impressive non-exec appointment today: Https://
adelwire2: Excuse ignorance but why would sale of 1 share drop share price by 10p at 8am this morning?
rivaldo: Featured on Citywire this morning as one of four shares that professional investors are buying: Http:// "Watkins Jones (WJG) Who’s trading? Citywire A-rated Henry Dixon and Jack Barrat The trade The managers of the Man GLG Undervalued Assets fund upped their stake in student halls builder Watkins Jones from 2.1% of shares to 5%, worth £26 million at a share price of 206p. How have the shares performed: After listing at 100p a share in 2016 the business rapidly rerated last year to a November high of 245p. However, after a dip the share price is essentially flat over the last 12 months. What does the company say: Watkins Jones cheered a ‘successful’ first half in May, with both earnings and pre-tax profit up almost 12%. It has recently diversified into build-to-rent, signing a £68.5 million deal to construct residential properties in Reading alongside fund management group M&G. It expects to deliver 1,500 homes to let by 2023. What’s the outlook? Jefferies rates the company on a price target of 250p. Management of the business recently passed out of the Watkin Jones family for the first time in its 227-year history, after the company recruited Richard Simpson from Unite, who was reportedly ‘instrumental’ in building its student business. "
quepassa: Before the surprise announcement about MWJ's departure in November , the share price had hit 250p. Given that:- 1. A heavy-hitter new CEO has now been recruited and announced 2. The generalised small-cap sector weakness of the early part of 2018 is fast dissipating 3. An excellent set of results has just been announced by WJG 4. The dividend has just been increased. 5. Several price forecasts are unanimously positive and higher than today's price , personally I see little reason why the WJG share price shouldn't re-test and surpass the November 250p in very short order. GLA. ALL IMO. DYOR. QP
quepassa: Today. Following WJG's results: Equity Development put out a (non-independent) Valuation of 230p per share. Peel Hunt issue Broker Note with a REITERATE BUY recommendation and INCREASE their PRICE TARGET (from 230p) to 240p. Whilst I applaud and concur with their bullishness, personally I think that they have both SIGNIFICANTLY UNDERVALUED the share price potential of WJG. It is clear that WJG are now rightly and wholeheartedly embracing BTR . Combined with an ongoing and surging demand for modernised and incremental student accommodation, this dual-headed strategy will jointly put a rocket under this company and its share price. I personally see the share price touching 300p within 6-12 months and significantly higher (400-500p) within 24-36 months. Well done to WJG on another cracking set of results and thanks for a hefty increase in dividend. The very positive Outlook is music to my ears. ALL IMO. DYOR. QP
douglas fir: Best AIM shares 2017: Watkin Jones (AIM:WJG) offers plenty of visibility 03/11/2017 · Watkin Jones PLC (WJG) Comments Email Print Share Watkin Jones PLC (AIM:WJG) failed to generate much initial excitement when it arrived on AIM in March 2016. The UK developer, with a focus on the student accommodation sector, has certainly attracted plenty of investor interest since those early AIM days. With plenty of forward visibility and a growing management business, it looks in great shape, as our Blog here highlights.. Watkin Jones was established in 1791 by carpenter, Huw Jones, and is a ninth-generation family business, making it one of AIM’s older businesses! The Group has experienced significant growth since 1999, when it entered the student accommodation market, since when it has delivered over 34,500 student beds to date, across 107 sites, making it a key player and leader in UK Purpose Built Student Accommodation. In addition, Watkin Jones has been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments. More recently it added the Fresh Property Group, a specialist accommodation management company, to its portfolio of activities. Fresh manages over 16,000 student beds on behalf of its institutional clients and is growing strongly on the back of the Group’s development activities. Watkin Jones is also now expanding its operations into the build to rent sector. - AIM arrival On arrival on AIM the Group raised gross proceeds of £85.4m at 100p per share with selling shareholders also pocketing £45.9m. Despite this material sell-down it was reassuring to note that the Watkin Jones family and related Trusts retain a combined 48.5% stake in the Company. The market capitalisation on AIM admission was £255m. - Well done the Chairman for taking advantage of initial dis-interest With the market initially far from excited about this new AIM arrival, Grenville Turner, Non-Executive Chairman, was able to snap up 90,900 shares at the end of June 2016 at a mere 106.4p per share. A well-timed purchase indeed with the share price now 238p and market cap at just over £600m. - Family sell-down The announcement in May 2017 that 50.25m shares, representing 19.7% of the company, had been sold by G&J Watkin Jones 1992 Settlement Trust, was a little concerning. The shares were apparently placed to ‘meet demand from new and existing shareholders and to improve the liquidity of the Group’. Woodford Asset Management took the lion’s share of the placing and now holds 12% of the issued share capital. The Watkin Jones family does still retain a reassuringly significant 29% interest. - Planning consent, forward sales and completions Over the 19 months since listing the Group has announced planning consents and forward sales on numerous sites. It endeavours to forward sale developments, thereby increasing the certainty of future earnings as the development moves from a secured site to being forward sold. We like this de-risked business model. - Developments going to plan In the financial year ending September 2017 Watkin Jones delivered, ahead of the 2017/18 academic year, ten student accommodation developments across the UK with a total of 3,314 beds. All ten student accommodation developments (3,415 beds) scheduled for delivery in FY18, ahead of the 2018/2019 academic year, have been forward sold and are on track. Looking to FY19, the Group has already forward sold five student accommodation developments (2,599 beds) for delivery ahead of the 2019/20 academic year. In addition to these forward sold developments, Watkin Jones has a further eight secured development sites (2,959 beds) targeted for delivery during FY19 to FY21. - Move into Private Rented Sector The Group is making good progress with its drive into the Private Rented Sector (‘PRS’) having completed its first PRS scheme in Leeds of 322 units in 2017. A trading update in October 2017 confirmed it had ownership of three development sites and is in separate negotiations on several other opportunities, from which it is targeting to develop approximately 1,500 units during FY18 to FY22, subject to securing the necessary planning consents. We are big fans of PRS and you may have read our regular commentaries on Sigma Capital Group (AIM:SGM) a PRS specialist. - Accommodation management Fresh Property Group, the Group’s accommodation management subsidiary which trades under the brand names of Fresh Student Living and Five Nine Living, has 16,082 student beds across 53 schemes under management for the 2017/18 academic year. This represents a significant increase on the 12,337 student beds under management at the start of the 2016/17 academic year across 44 schemes. Five Nine Living provides similar letting and operational management services to Fresh Student Living but the Build to Rent sector. Fresh receives a fee for its management services, with all the direct operating costs of a property remaining the responsibility of the property owner. Fresh is engaged under management contracts which are typically for between three and seven years, although some are for longer. For the six months ended 31 March 2017, Fresh contributed revenues of £3.0 million and a gross profit of £1.9 million. For the full year this business will contributing gross profit of over £4m which is set to grow meaningfully as by 2020, Fresh is contracted to manage around 20,000 beds. We like the long term recurring revenue potential from the accommodation management business which is another differentiator for this excellent business. - Results Since listing results have been excellent. For the 6 months ending March 2017 adjusted operating profit was up 26% to £21.1m and adjusted Earnings per share up 28.8% to 6.7p. While revenues were down 8.4% on the prior half year to £133.7m this was due to the timing of forward development sales and £11.7m of non-repeating inventory sales of completed residential apartments in the first half of the previous year. Revenues are expected to be stronger in the second half of the current financial year with forecast revenue for the full year of £282m and forecast earnings per share for the full year of 13.43p. The interim dividend was lifted 10% to 2.2p with the forecast for the full year of 6.6p equating to a yield of 2.8% at the current share price. The Balance Sheet is in good shape and the Group had £11.7m of net cash at 31 March 2017. The future looks bright for this excellent business
jonwig: See Annex 1 - I imagine one of their funds was near to their internal limit. The WJG share price edged up pushing them over. Just my thought!
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