Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The Times features an extensive article today highlighting the shortage of student accommodation.
Things looking a bit bleak here .... https://www.msn.com/en-gb/money/other/housebuilders-are-stuck-with-expensive-new-homes-they-cannot-sell-a-crisis-is-coming/ar-AA1fZj9h?ocid=msedgntp&cvid=0280e7e05e964e4ab598ca09152e7901&ei=23
Sp, has closed above price pivot at 46. As this event, is the first pivot cross, it may be wise to wait until the close, has remained above, the pivot, of 46, for 2 days, before, buying the equity. Projected price target 63.3 is calculated from two separate factors, falling down trendline, and overhead supply from previous trading. Fundamental positives, director buying on same day previous CEO, left. Also removing low-performance assets, within one month of ceo, leaving .
True - it you need to factor in they do make money every month also. We really need to deep dive their next set of results to get a clearer picture. Be nice if we see a few more large Director buys. My feeling is we will keep rising steadily as there is still a shortage of University lodgings which is the key warmer for the group.
The ceo, Simpson stepped down on 19/7/23 , and the director giddins, immediately bought 8 x the quantity of shares , that he previously bought in May 2023. In addition within one month of new, CEO, Pease, taking over, he disposed of 3 non-core, assets. It may be worth giving this equity the benefit of the doubt. The yield I have discovered is approx.8.5%.
Is the yield of 18.418 deal ? If not what is current yield ?
Typical dumb knee jerk leftie idea that actually leads to a collapse in supply. What do they teach ‘em in college ?!
Re: I know what you mean but thy have significant cash at the moment.
Yes, rate of burn crucial. 30 mil set aside for remedial work (cladding replacement?) is a huge amount - way larger than profit.
Initially new accounts cannot use links.
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1st post ever. Didn't know links to zoopla and similar sites are not allowed. I've linked to several student housing properties for sale/sold - ranging from 9000 in Bradford to 29000 in Birmingham. Less than 10 years rent.
Foreigner here. I am keeping the bottom from falling. Bought as I have read over and over about lack of student housing. Here is your typical !CRISIS! article: [LINK REMOVED]
However, at the same time there are a large number of extremely cheap student housing. There are places they are giving it away. It is not only Bradford [LINK REMOVED]
but even places such as Birmingham
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[LINK REMOVED]
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What is the graft here? Real lack of student housing or just the usual media fearmongering?
I know what you mean but thy have significant cash at the moment.
I fear a Rights Issue coming
Not really.
This is crystalsing the factor loss in the July trading update, which was stated as £10 million. That figure isn't quoted here, so may be further disposals and this is just part of the factored £10 million loss.
Not sure why they haven't clarified in the RNS unless there loss is greater than expected.
Either way, not good news I'm afraid.
Watkin Jones plc
('Watkin Jones' or the 'Group')
Sale of three non-core Private Rented Sector operational assets
Watkin Jones is pleased to announce that it has concluded the sale of its three non-core Private Rented Sector operational assets, located in Sheffield and Manchester, to L1 Capital.
After repayment of the related debt financing and disposal costs, the net cash inflow to the business will be an initial £9 million in Q4 FY23 and a further £2 million deferred payment in H1 FY24. This will augment the Group's FY23 year-end cash position, as well as supporting the business' ability to be proactive in the land market.
The transaction will crystalise a book loss on disposal, which is fully reflected in the expected impairment charge for FY23, highlighted in the Group's trading update of 19 July 2023.
- Ends -
I hope you're right - the 60s seem way off at present...
Just my opinion.
Oversold on July 19th after profit warning, since when bullish convergence and sideways consolidation.
Now crossing the 20dma.
I think there may be a gap up tomorrow then an orderly climb back to 60p+ over the next four weeks.
Topped up. I talked myself into it.
:-))
Noted that Alan Giddings leapt into the market hours after the profit warning of July 19th.
He was ready to buy 416k shares at 46p. Others here have posted a possible sale now the old CEO has moved on, at maybe £200-250m. I don’t know enough about the assets to comment, except that I think it will be significantly more that the current sp.
I don’t think it’s such a bad move to follow Giddings lead.
Just my opinion.
Thank you for the cheap shares Mr.Market!
BUY BUY BUY
Fill yer boots - still no buyers at 45p. Need some good news and soon. GLA
Long article in The Times today concerning lack of student accommodation.
No clarity here, sell. 😅