swisspaul
20 Nov 2017
Re: Drop This on another part of this site:Technical InsightTrading closed at 213.50 on 17 Nov to confirm a Short-Term, Bearish, Triple Moving Average Crossover pattern.Hmmm - well waddaya know!
PIE-EATER
20 Nov 2017
Re: Drop Sorry, because of my rant, I forgot one other key bit of info......really only linked to today but LSE are encountering problems and won't be sorted until tonight at earliest - consequently whole market is like Russian Roulette today......now down just 1,5%PE
PIE-EATER
20 Nov 2017
Re: Drop Games,No share split, just timing of contracts / payments......if you check through the RNS you should see that expecting to hit targets for this year and I think pre-sold all building work for next year to year and a half, so good visibility of cashflow.The bottom line is this has just got ahead of itself.....it was up c100% in approx a year.Would I be buying now? Perhaps nibbling but not jumping in with both feet. For those of us who have "theoretical gains" it's a decent longer term hold....but perhaps not an "add" .... I would want to see more clarity re Brexit, student numbers, student loans threshold (incentive / disincentive depending on your point of view) Don't forget it is branching out into building social housing / buy to let, so even if student digs for institutions slows the social side should keep going.Disclaimer....mini-rant follows....The problem with the jobs / degree market is that employers ONLY WANT graduates with experience, but you can't just whistle that up, you have to start somewhere. Son got Engineering Hons Degree from Durham (apparently we are crying out for engineers and Durham isn't one of the Mickey Mouse lot) yet it was May of the following year before he got a BASIC engineering job. To be fair, the company has acknowledged his skills and progress and salary now 50% higher than when started - they were just wary of taking a "novice" on.The jobs market is not what it was even 3-4 years ago....re Geology ....I must confess ignorance about the "market" in direct applications...ie how useful / flexible is it /how big the market is for those with the degree......The reason why I quoted engineering is because it is quoted in the press all the time that we need them....yet still issues getting jobs......sorry about rant but whole setup just gets my goat (and any other animals you can name)PE
claude reins
20 Nov 2017
Re: Drop Good response thank you on behalf of all of us on the bb.I do think that their model of little or no risk sine they sell on as soon as they buy into the project is different form other builders. They are also diversifying into buy to let on behalf of the big insurers which is the cohsen route the latter are taking to bolster their business using their vast amounts of capital and also given the major shortage of housing.On the other hand you point to absolute figures and they never lie!!
gamesinvestor
20 Nov 2017
Re: Drop "Can't for the life of me see what the issue is - not as if the company is over valued......."wayto-- could it be a few things?I'm just looking in on this for the first time because of the drop today.1. It could be that student accommodation is reaching saturation point?I know that recently the amount of student accommodation availability was far outstripping demand and of all the new blocks in Nottingham, many were just not being rented. It could be the same in other towns and cities.2. Perhaps also there is a growing realisation that many of the courses at University are not yielding employment of a satisfactory nature to justify the time and expense on the courses themsleves. I have a case of my future so in law who obtained a geology masters and of the 25 students in that year only 2 have jobs directly related to geology, 2 have jobs but unrelated (one is bar work in Cambridge) and the other 21 are still unemployed.Now I'm guessing geology is still a pretty mainstream subject with some kind of industry relevance -- what about all the other perhaps less useful courses and there are many.3. The valuation looks pretty rich on a P/E of around 15 compared to the other mainstream builders like Barratt, Redrow, Persimmon and TW on 7 or 8. They all, also have the benefit of Help to Buy which has propped up their profits since it was introduced in 2013.I don't know if this type of government crutch is applicable to Watkin?4. The Earnings Per share has fallen from 26p a share back in 2015 to 13p in September 2017, assumedly because of some funding dilution?But the reality looks like they had a revenue of £244m back then to achieve 26p and the last revenue was £280M to achieve half the shareholder payback -- unless I'm reading this incorrectly and there was some 2 for 1 share split or somat ?5. The ROCE is about 13.5% which is not bad, but not stellar either and anything less than 15% looks a little vulnerable to set backs.Other than that, I wonder what the exposure to inventory is - land valuation and if they are exposed to any revaluation downwards if demand starts to fall off a cliff?Games
waytogo333
20 Nov 2017
Drop This is more than just profit taking - the drop has been relentless over the last couple of weeks. Today, it's even more pronounced, dropping 15% at one point!!!Can't for the life of me see what the issue is - not as if the company is over valued.......
leftclick
10 Nov 2017
Re: Good news coming on 7th November? Apparently The Telegraph (Questor) advised taking profits WJG having gone up 90% since they tipped them in Jan.Nothing to do with bad news - just taking some profits.I don't read the Telegraph.
Rhigos
10 Nov 2017
Re: Good news coming on 7th November? gretel "Looks like good news coming up on 7th November for WJG's 323 bed student scheme in Chester, with WJG set to get the green light to develop:"Why then did SP from 6 Nov close to yesterdays close fall a massive 8.84%, 3 days in a row of sharp falls? What is the bad news? Have not seen any bad broker views on WJG recently.
gretel
09 Nov 2017
Approval granted for new scheme..... Excellent news - Chester council have approved WJG's plans for a big 323-bed student housing scheme:[link] housing on Chester bus depot gets the green lightDavid Holmes,12:23, 8 NOV 2017A 323-bed student housing scheme has been approved on a Chester bus depot site despite concerns about its large size, design and fears raised by the local councillor.Cheshire West and Chester Council planning committee approved the plan by Liverpool Road Chester Limited, a subsidiary of Watkin Jones, to build on the current Stagecoach depot site in Liverpool Road, Chester........Watkin Jones planning director Iain Smith said Stagecoach would be relocating to a ‘more appropriate location’ in the city. The company’s management arm Fresh Student Living, which already runs student schemes at Abbeygate, Tramways and The Towpath, would manage the complex.He said there remained ‘considerable demand for student places and accommodation’etc"
gretel
01 Nov 2017
Good news coming on 7th November? Looks like good news coming up on 7th November for WJG's 323 bed student scheme in Chester, with WJG set to get the green light to develop:[link] scheme set to pull into bus depot site1 Nov 2017Proposals to build a major new accommodation scheme with capacity for 323 students on the site of a Chester bus depot are on the verge of securing the green light.A full planning application by Watkin Jones' subsidiary Liverpool Road Chester to transform a 1.1-acre plot north of the city, opposite the grade II-listed George & Dragon pub on Liverpool Road, is due to go before Cheshire West & Chester Council's planning committee on Tuesday, 7 November 2017...........Ahead of the committee meeting, a report prepared by planning officers has recommended that the scheme should be approved."
PIE-EATER
31 Oct 2017
Re: Excellent trading statement today No, not Barclays. They were good , albeit expensive, until their "brainfart" as LKH would say and they told Trustees to take their money and S** Off, so I did.I was thinking more in terms of Halifax, Jarvis X-O, Hargreaves Lansdown, TD Direct (previously)For various reasons and for various members of the family I have used all of the above plus Interactive Investor, who were without a shadow of a doubt the worst by far. My current involvement is via Halifax, X-O and HL.PE
AvonSeaWitch
31 Oct 2017
Re: Excellent trading statement today "Absolute Mickey Mouse outfit !"Compared to what? Barclays Stockbrokers....
PIE-EATER
31 Oct 2017
Re: Excellent trading statement today and lo, the prices shall appear !
PIE-EATER
31 Oct 2017
Re: Excellent trading statement today Thanks gretel....typical if II that no RNS highlighted today for WJG along with no prices in portfolios......Absolute Mickey Mouse outfit !PE
gretel
31 Oct 2017
Excellent trading statement today Trading for the year just gone is nicely in line. Most importantly, you have to love a company which has already delivered ALL of its planned developments for the year ahead, PLUS a load of the developments for 2019 and even going forward to 2021.....the City loves this kind of forward visibility of revenues.I addition, the accommodation management subsidiary has increased its beds under management by a whopping 30%. And Build to Rent is expanding fast.The CEO's comments are bullish too:[link] Watkin Jones, Chief Executive Officer of Watkin Jones plc, said: "We are pleased to have delivered on our development pipeline objectives for the year, alongside a strong operational performance and expect to report underlying earnings in line with the Board's expectations. 2017 has been another year of significant progress for the Group with our student accommodation, Build to Rent and accommodation management divisions all performing strongly, providing us with excellent future earnings and cash flow visibility. This demonstrates the robustness of our model and ability to deliver significant returns for our shareholders."
