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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 Shares Traded Last Trade
  5.00 2.28% 224.00 315,068 16:27:12
Bid Price Offer Price High Price Low Price Open Price
222.50 224.00 225.00 216.00 225.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 430.21 51.12 16.37 13.7 574
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:32 O 709 223.497 GBX

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Date Time Title Posts
19/5/202211:12::: WATKIN JONES - buildings for students2,446
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
2022-08-12 16:25:42223.507091,584.59O
2022-08-12 16:25:32221.59216478.64O
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Watkin Jones (WJG) Top Chat Posts

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 219p.
Watkin Jones Plc has a 4 week average price of 212p and a 12 week average price of 201p.
The 1 year high share price is 280.50p while the 1 year low share price is currently 201p.
There are currently 256,430,367 shares in issue and the average daily traded volume is 204,523 shares. The market capitalisation of Watkin Jones Plc is £574,404,022.08.
skinny: 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:
emmarg: any reason for todays 3.5% decline ? all seems ok with WJG at the moment
km18: Watkins Jones plc issued a H1 2022 trading update this morning. H1-2022 revenue was ahead of the prior year, but gross profit and operating profit are expected to be below last year reflecting specific FY22 factors. These include a higher proportion of land sales in the period, which as usual generate a lower margin than the ensuing development activity, and the planned portfolio sale of several PBSA assets which is under offer and expected to close in H2. The business continues to proactively manage inflationary price rises experienced in the period for both asset values and construction costs. The Board has continued confidence in delivery of full year expectations, investor demand is high and there is a secured development pipeline of c. £1.8bn (H1-2021: £1.4bn). Valuation is attractive, the business is profitable and has solid topline growth, the dividend yield is 4%. The share price even has some positive near term momentum. There is a lot to like here. BUY... ...from WealthOracleAM
skinny: Trading Update. H1-2022 Trading Update Robust pipeline underpins confidence in full year delivery The Group provides the following trading update for the half year ended 31 March 2022 (the 'period' or 'H1-2022'). -- Sustained strong delivery across in-build schemes and pipeline development gives the Board continued confidence in the Group's full year performance. -- As anticipated, H1-2022 revenue was ahead of the prior year with gross profit and operating profit expected to be below last year, reflecting specific FY22 factors: - A higher proportion of land sales in the period which as usual generate a lower margin than the ensuing development activity; The Group completed three land sales in the period with revenue of GBP55m compared to nil in H1 FY21. - The planned portfolio sale of several PBSA assets which is under offer and expected to close in H2. -- The business continues to proactively manage inflationary price rises experienced in the period for both asset values and construction costs. This has involved a number of 'open book' discussions with purchasers during the sales process. Whilst this has in certain cases lengthened transaction timeframes, to date we have been able to successfully maintain our margins. -- The business has seen a rising level of investor demand and liquidity for residential for rent assets and the Group has another significant PBSA asset currently under offer for sale, in addition to those in the portfolio referred to above. There are a number of further assets at earlier stages of marketing and which are generating strong interest. -- Secured development pipeline of c. GBP1.8bn (H1-2021: GBP1.4bn). -- Good liquidity with gross cash of c. GBP45m (H1-2021: GBP80m) and net cash of c. GBP27m (H1-2021: GBP31m) at the half year end. -- Further to the position set out at the time of the full year results in January 2022, the Group continues to await the publication of the Government's detailed plans regarding additional initiatives relating to historic fire safety issues. We believe that residential leaseholders should not bear the cost of cladding and critical fire safety defect remediation and will update investors once Government proposals have been published and fully evaluated. Richard Simpson, Chief Executive Officer of Watkin Jones, said : "We have continued to build on the positive momentum from the second half of last year. We are experiencing very strong investor demand across the markets in which we operate and are well progressed with a number of significant forward sales. This, together with our current momentum, gives confidence in delivery of our full year expectations." Notice of Interim Results The Group's Interim Results will be announced on Tuesday 17 May 2022. There will be an in-person presentation for analysts at 09.30am on the day of the announcement, hosted by CEO Richard Simpson and CFO Sarah Sergeant. Please contact Buchanan for further details. - Ends -
ditchsid: hTTps://
alter ego: Cannot find any such RNS, can you provide a link please. Progressive Research note worth reading, albeit paid for research. Lots of useful info no doubt in collaboration with WJG. One aspect worth pasting here: "Perfectly placed for BTR as investor demand outstrips supply. There is growing evidence, in our view, of sharply rising demand among international institutional investors for BTR assets, but with only limited supply in what is still currently a nascent sector. We believe that WJG is uniquely placed to satisfy this demand, as a ‘delivererR17; rather than holder of rental property, with a highly honed development model."
clausentum: Gulston was only recommending WJG as an AIM income share with a secure future dividend. IMO the share price is likely to reach 280p again in the near future, that 16% gain will pale into insignificance the 3.1% yield at the moment.
clausentum: From the DT: "Prices for construction materials jumped 4.5pc in July compared to the previous month and were up 20pc year-on-year, according to the business department. The construction materials price index is at the highest point since comparable records began in 1996." How much will this hit WJG profit? Are greatly increased material costs acknowledged in the share price yet?
melody9999: on the RNS, my Investegate Alerts list features WJG, but did not pull through the WJG RNS because it was headed Peel Hunt. To say this RNS was not material to the share price for WJG is clearly wrong. I think WJG should have released the RNS, not Peel Hunt
alter ego: The WJG share price has dropped significantly, along with many others since the last post on this board. Looking back at the result published on 14 January, there was no mention of covid-19, just the impact of Brexit. The landscape has changed materially since then so is covid-19 a real threat? With net cash and a growing market, is this "baby" being unfairly thrown out with the bathwater?
Watkin Jones share price data is direct from the London Stock Exchange
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