Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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MCAP should be about £500m based on their portfolio, a company with cash, and projects coming.
So a share price of circa 190's, so about 260% from here.
in June 2023 alone they announced Loft Lines, at Titanic Quarter in Belfast worth £175m.
The secured development pipeline has an estimated future revenue value to us of £1.0 billion (FY21: £0.95 billion), of which £517 million
is currently forward sold (FY21: c.£197 million).
First fully co-living studio development, a 133-bed scheme in Exeter, is under construction and will be available to rent to the wider residential tenant market, including students.
Lots happening, and the fact that the NoE spent £200k of their own money last week shows that this share is vastly undervalued currently based on forward projections.
It’ll bout just get you a pint then 😃
Our FY24 PBIT is likely to be in the range of £15m to £20m.
Plus 30 million cash on a market cap of £122 mill.
Company is making £50 to £60m profit a year, has £30m in cash, and has contracts worth £1.3B for the next few years.
Yeah, I think its safe to say this has been overdone sell, and the true rate should be up in the upper 60's.
"Jefferies raises Watkin Jones price target to 45 (27) pence - 'hold'"
We need this and MORE!
WOW !!
👍🏾
That's is a result
Most of us are well down after such shocking results
I think it was undervalued to start before the news.
Looking at their order book, and their natural revenue streams, this should be back in the 60's.
the price had already been beaten down below its worth, and shorts use the news of the CEO leaving and some extra expenses to drop the price futher.
however, expect that shorts know they need to get out quick, so are buying up to clear.
should get back to a natural 60's fast from here.
Should see some non core assets sold over the coming months to, improving the cash position.
It looks good the overall market is down this is up 4.22% late 40s today into mid 50s mid week late 50s by end of week.
looks a good buy at this price.
DYOR
I'm sure the herd will arrive soon 🙈
46p still looks cheap.
I agree.. 55p by end of the week.
Should be high 50s low 60s this week, oversold.
Billion quids worth of orders over 5 year.
Most certainly 45p is the bottom nice steady rise this week into the mid 50s first then a rise into mid 65s way oversold.
Good buy at this level.
DYOR
This morning's activity starting to suggest it could be.. any of the two active shorts close or reduce and this thing could fly back to 60/70p
Dirt cheap, great entry price for a market recovery.
In the company reports they have noted £1B worth of business is booked in for the next 5 years, on top of their usual revenue streams.
adding the assets and run rate the MCAP should be in the £500m region currently
This company has Profits of about 50 million in a normal year. Current market cap 115 million.
Short term blip with current interest rates and the building safety codes. It can easily double from here over the next few quarters.
Me too
I hope so, It did drop to 41.50 on the first day then back to 50p within 2 hours
Don’t know about months but this has done 10-20% swings in days before, suspect we’ll see that once they’re done with whoever they’re holding it around here for
It'll come, ex 3i MD taking up near 200k worth is enough for me
70s target
IMO
Sell price is 45.37 currently, so the majority of trades appears to be buys at the moment, which indicates this is being held down while they eat up all the freefloat and sells.
Would hope for a takeover of circa £300m. and would expect a takeover over soon while the price is low.
This went nearly £700m mcap multiple times wont go for less than 500m IMO
Our non-exec Chair is a highly experienced and very successful PE leader who was managing partner of 3i. For those that don’t know much about private equity professionals, they spend their lives valuing and investing in companies. So, if he thinks WJG is a good investment at this level, I think that should tell existing and potential investors all they need to know about the companies prospects going forward. Sure a possible sale at much higher levels is always possible but when a new CEO is appointed, and we see the prospects of gradual reduction in interest rates on the back of reducing inflation, I am certain we will see a strong recovery here over the next 12 months so I bought more this morning.
How long till an oil fund decides to buy them up for circa £300m.....
Given the property portfolio and the projects in the pipeline this is a bargain.