Watkin Jones (WJG)

Sector:

Household Goods

Index:

FTSE AIM 100

40.70p
   
  • Change Today:
    -0.70p
  • 52 Week High: 98.80p
  • 52 Week Low: 32.20p
  • Currency: UK Pounds
  • Shares Issued: 256.65m
  • Volume: 853,567
  • Market Cap: £104.46m

Watkin Jones delivers seven developments during lockdown

By Iain Gilbert

Date: Friday 06 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Build-to-rent developer Watkin Jones turned in a "resilient" full-year operational and financial performance on Friday, with seven developments being successfully delivered despite lockdown restrictions.
Watkin Jones expects full-year adjusted operating profits to be in the range of £48.0-50.0m, with revenues pegged to be in the region of £350.0m.

Year-end gross cash balances were predicted to be around £130.0m and net cash balances anticipated to be roughly £90.0m, after deducting site-specific loans of £40.0m.

Assuming no "material detonation" in market conditions, Watkin Jones highlighted that it would pay an interim dividend in line with its policy of 2.0x cover, thanks to its "strong cash position".

Chief executive Richard Simpson said: "The underlying market dynamics for residential for rent, both student and build to rent, remain strong.

"As we enter our 2021 financial year, the business has gained real momentum and, with our resilient, diverse and capital-light business model, we believe that we are well placed to navigate the challenges and are confident in the future."

As of 1020 GMT, Watkin Jones shares were up 2.15% at 137.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Watkin Jones Market Data

Currency UK Pounds
Share Price 40.70p
Change Today -0.70p
% Change -1.69 %
52 Week High 98.80p
52 Week Low 32.20p
Volume 853,567
Shares Issued 256.65m
Market Cap £104.46m

Watkin Jones Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.10% above the market average54.10% above the market average54.10% above the market average54.10% above the market average54.10% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
56% below the market average56% below the market average56% below the market average56% below the market average56% below the market average
76% below the sector average76% below the sector average76% below the sector average76% below the sector average76% below the sector average
Income
10.72% above the market average10.72% above the market average10.72% above the market average10.72% above the market average10.72% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Growth
77.46% below the market average77.46% below the market average77.46% below the market average77.46% below the market average77.46% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Watkin Jones Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Jun-23 02-Feb-23
Paid 30-Jun-23 02-Mar-23
Amount 1.40p 4.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 108,243 @ 40.70p
16:35 459 @ 40.70p
16:35 1,767 @ 40.70p
16:35 82 @ 40.70p
16:35 10,767 @ 40.70p

Watkin Jones Key Personnel

Chair Alan Giddins
CFO Sarah Sergeant

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