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WJG Watkin Jones Plc

53.10
1.20 (2.31%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  1.20 2.31% 53.10 276,724 16:35:26
Bid Price Offer Price High Price Low Price Open Price
52.90 53.30 53.90 50.00 50.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operative Builders 413.24M -32.55M -0.1269 -4.22 133.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 31,281 53.10 GBX

Watkin Jones (WJG) Latest News

Watkin Jones (WJG) Discussions and Chat

Watkin Jones Forums and Chat

Date Time Title Posts
08/7/202420:37::: WATKIN JONES - buildings for students3,889
20/9/201816:47Watkins Jones1

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Watkin Jones (WJG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:2653.1031,28116,610.21UT
2024-07-26 15:16:2653.5013773.30AT
2024-07-26 15:12:2553.50126.42AT
2024-07-26 14:57:0353.8294.84O
2024-07-26 14:53:1153.907138.27AT

Watkin Jones (WJG) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Watkin Jones Daily Update
Watkin Jones Plc is listed in the Operative Builders sector of the London Stock Exchange with ticker WJG. The last closing price for Watkin Jones was 51.90p.
Watkin Jones currently has 256,441,253 shares in issue. The market capitalisation of Watkin Jones is £137,196,070.
Watkin Jones has a price to earnings ratio (PE ratio) of -4.22.
This morning WJG shares opened at 50p
Posted at 11/6/2024 10:25 by lcwanderer
You also posted negatively when the price was much lower. On here daily expecting a drop to 25p weren't you? Then you disappeared as it rose from 35 to almost 60.
Posted at 10/6/2024 18:15 by hybrasil
I had a look at this again.
People who have been on this thread a long time will recall I used to post negatively about this company when the share price was much higher.

I still think it is over valued. It’s trading about 10% above NAv. Why?
Posted at 21/5/2024 07:23 by skinny
HY24 Highlights

· Revenue of £175.1 million delivered predominantly from our previously sold developments on site, alongside one forward sale completed in March 2024

· Adjusted operating profit improvement from £1.8 million to £4.0 million, reflecting:

- Gross margins in line with guidance

- Benefit of cost saving actions implemented in FY23

· Continued focus on cash generation resulted in period end gross and net cash balances of £67.1 million and £44.0 million, respectively

· Secured two new PBSA development sites, subject to planning

· Planning submitted for a further c.3,000 PBSA beds across four schemes

· Completed building safety rectification works on three buildings in the period, with cash spend in line with expectations. Group provision unchanged

· Continuing the approach adopted at the FY23 year end, the Board is prioritising the maintenance of financial flexibility during this period of market disruption and consequently is not declaring an interim dividend; the Board will keep this approach under review.



Outlook

· c.£400 million of contractually secure forward sold revenue as at 31 March 2024, of which c. £150 million is for delivery in the second half of the year. Total secured pipeline of £1.4 billion

· Current development schemes on track, supported by continuing moderation in build cost inflation

· Targeting further forward sales in FY24: one scheme in legals and other schemes being actively marketed

· Encouraging initial progress with Refresh opportunities: two smaller projects signed to date, with an active pipeline being pursued

· Investment market gradually showing signs of recovery as economic sentiment improves, albeit, a slower than expected reduction in interest rates has potential to impact pace of recovery

· We expect our FY24 Adjusted Operating Profit to be at least £15 million and within the previously guided range*.
Posted at 01/5/2024 12:54 by petersinthemarket
Will WJG ever recover after falling over that cliff?
Posted at 04/4/2024 17:16 by farnesbarnes
The seasonal pattern of the price chart in the header is telling. There are generally sharp falls in share price mid to later summer (when PBSA projects are completing) followed by a gradual climb into January. Then a steady decline into summer. It's happened the last two years. I wonder how 2024 project completions will fare?
Posted at 31/3/2024 16:44 by cardinal3
Interesting, pretax. I haven't seen any numbers lately but sense tells me getting vocational training so you can contribute from day 1 is a decent bet for kids these days unless you want to be in the City or a specialist science career. So on balance WJG are going to need to take care where they propose developments.

They also have an outstanding planning approval near where I am and there isn't a tertiary education facility in sight. I think they have pulled in their horns pending better financials.
Posted at 20/3/2024 18:59 by dixienormas
We will reduce rates before the US, pound will weaken and make the UK attractive to international students. Good for WJG
Posted at 19/12/2023 20:27 by bend1pa
The naysayers on here seem to have gone awfully quiet of late, one of the main ones saying 17th Oct "I simply don't see any upside in this share unless and until they can sell their products at a profit'.

At that time the share price hit a low of 35p. Today it's about 50% higher. WJG may be down, but certainly not out yet.
Posted at 26/10/2023 00:42 by blackhorse23
WJG prices fell below rescission levels but we are not in Recession . WJG free cash , rental income & assets value minus liability, way way higher than current share price Rentals market Stronger than ever . I have number of properties, more tenants demand than ever and also tenants want to pay more deposit than before . Some here out of touch
Posted at 16/5/2023 10:31 by disc0dave45
Just been comparing forecast FY23 in relation to FY17 their full first year of trading following the IPO in March 2016 (IPO’d at a share price of 100p).
In FY17 their net profit was £35.8m (net debt was £41m), forecast net profit for FY23 is £38m (poss £44m net cash at H1 tbc next week). The share price following FY17 results (Jan 12th 2018) and for the year averaged about 205p.
So IMO this is clearly not trading at historic valuations in relation to bottom line profit (the share price is at all time lows) and there could be substantial upside (let’s see what they say on 23rd).
Watkin Jones share price data is direct from the London Stock Exchange

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