Watkin Jones Plc

5.00 (7.9%)
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
  5.00 7.9% 68.30 1,466,123 16:35:05
Bid Price Offer Price High Price Low Price Open Price
67.50 68.00 69.00 63.00 64.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Operative Builders 407.08 13.41 5.20 13.34 175.14
Last Trade Time Trade Type Trade Size Trade Price Currency
17:36:06 O 1,000 68.045 GBX

Watkin Jones (WJG) Latest News

Watkin Jones (WJG) Discussions and Chat

Watkin Jones Forums and Chat

Date Time Title Posts
09/6/202319:09::: WATKIN JONES - buildings for students3,280
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
2023-06-09 16:36:1968.051,000680.45O
2023-06-09 16:22:1568.3033,57822,933.77O
2023-06-09 16:04:4368.206,3104,303.10O
2023-06-09 16:03:4568.1411,6207,917.52O
2023-06-09 15:56:5566.40292193.90O

Watkin Jones (WJG) Top Chat Posts

Top Posts
Posted at 09/6/2023 06:46 by ppceh
The share price indicates a large seller is exiting. Is this ominous?

Perhaps but look at the share price of EVERY listed equity. All have peaks and troughs.

Posted at 05/6/2023 18:06 by ppceh

Predicting interest rates is a mugs game. It’s like calling heads on a 50:50 coin toss. No one has a clue. QE to QT at same time as record % increase in interest rates off record amounts of debt. No one can model this.

WJG is a cyclical business since exposed to interest rates. However it is more defensive than many interest rate sensitive shares since they can batten down the hatches, as they are doing. Student accommodation is reasonably recession proof and the business model is sound.

Price appears oversold on any mid term view, they have a solid balance sheet and will survive. The low share price has no bearing on reality and is down to big sellers exiting. This is apparent throughout the REIT sector as some test new lows at the same time as others enjoy decent bounces when overhang is cleared.

Posted at 23/5/2023 15:17 by cordwainer
Seems perfectly reasonable to me that the forward selling segments are temporarily impacted by the surge in inflation, and was already priced in since the October profit warning in my view.
The share price didn't really react much to the second, lesser warning last month regarding the exceptional situation of the Exeter PBSA site.

So today's sharp drop in the share price mainly reflects the ultra-cautious step of more than halving the interim dividend, given that only one of the targeted forward sales for 2023 is in the bag at this point with reportedly enhanced investment opportunities becoming available, although cash and finance remain strong.
I tend to agree with Paul Scott (whoever he is) quoted earlier by Brucie5. (edit: oh ok he's the stockopedia guy)

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).

Posted at 13/5/2023 06:20 by hybrasil

There is the difference. I had a very quick glance at the grainger results. Their share price is 2.47. Their NAV is 3.10. If Wjg is to be viewed as an owner (Which it is as it can’t sell its developments at the moment)then it should not be trading above Nav.

But comparing the two is a chalk and cheese job. Their ((g)model is to own. But before I get eaten by Disco what I am saying is that this is merely a timing thing. There will be a day for Wjg but I don’t think it’s now.

I am however hearing that smaller btr developments are moving so as always I could be completely wrong

Posted at 12/5/2023 10:07 by goodpick
Wow so informative really ?

So if WJG management dont perform it will impact profits and the share price.

And Hybrasil statinf that if interests rates stay high forever it will impact WJG.

Blessed to have you here.

Posted at 12/5/2023 09:43 by christw1234
The current supply and demand dynamics have created opportunities for investors to deliver much-needed PBSA developments,despite the challenges to the sector such as price of land and construction costs.
Whilst the Management of WJG can’t control the fluctuations of the share price, it’s their responsibility to navigate and deliver the obvious pent up demand for PBSA, the movement of the shares will reflect on their results

Posted at 02/5/2023 14:43 by jeffian

Not WJG specifically but as a principle, I couldn't disagree more. The job of the CEO and management is NOT to try to massage the share price (which is beyond their control anyway as Mr. Market will put whatever value he sees fit on it) but to focus on the things they do control - revenues, costs, margins, profits and dividends - and if they get those right on an upward trajectory, the share price will follow in due course.

Posted at 28/4/2023 14:53 by bend1pa
"The May and particularly the Oct results will either impact the share price downwards or not. You know my view!"
The share price has already been slaughtered big-time. What do you think has occurred over the past 15 nmonths or so? Yet WJG still managed to stay profitable during the pandemic and continue to pay divs. They currently have net cash of £44m (31 March) They have recently reported that the business climate has improved and expect the 2nd half of the year will reflect this.

So unless you believe the management are putting out misleading or fraudulent statements (it's been done before of course by much bigger and better known companies) then I don't see why you have such a downer on WJG. We'll soon find out on May 23 if they have been lying, which would be an incredibly stupid thing for any management to do in pre-release statements, as ultimately it always get exposed.

Posted at 20/4/2023 07:34 by trader465
I’m afraid you are rather naive if you think share prices are determined by bb posts.

There are tens of thousands of people all over social media with huge followings who try and fail to influence share price moves, a single bb poster has no hope in hell of influencing a share price move.

Watkin Jones share price data is direct from the London Stock Exchange
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