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Was hoping to get my dividend today. It hasn't appeared in my account yet. Has anyone else had theirs?
Can you expand on that? I understand they are a property investment vehicle. Are they buying a shed load of shares? No SP increase yet.............
Money comming in from Gresham House Asset Management Limited ............. follow the money.
The Bollinger worth paying attention to Stargate is the Champagne.
As indeed the SP shows since your theorem sharing
Excellent call. Hoping for another week of gains. 80p would be a nice threshold to cross. GLA
Fingers crossed for that Stargate. It's been a bit if a roller coaster.
Sp, target 76-78, based on falling 20 day moving average, and also previous major sp, bottom.
The 7.9% rise was forecast by the upper Bollinger band turning down on 2/6/23, while the lower Bollinger band continued down. Usually the sp, will begin to rise within 10 days of the event I described. The additional supporting factor for the sp, rise was the positive divergence in the Relative Strength indicator (RSI). The sp, in this case is normally much closer to the lower Bollinger band than the upper Bollinger band.
Good news today and even the worst latest broker ratings at 93p with a 165p average. They have kitchen sinked all the bad news news, cleaned up the balance sheet and are all set now to crawl back over 200p in the next 12 to 18 months (That’s a pretty good bricks and mortar return in these troubled times).
The consensus price target fell 6.1% to UK£1.63, with the weaker earnings outlook clearly leading analyst valuation estimates. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Watkin Jones, with the most bullish analyst valuing it at UK£2.47 and the most bearish at UK£0.93 per share.
Urraca - Thanks no, but was expecting the worst when it dropped first thing. I have made 60 my line in the sand though and would set a traiing stop loss if I could trust the broker not to trigger in their favour! Let's hope for a better week.
Sincerely hope you didn't pull the trigger PintOfHSB. The price did touch 61.2 before the rebound took hold.
That would be the time to buy, not sell, PintOfHSB, unless you believe the company is going bust. In which case you should sell immediately. A third of the market cap wiped off because of a disappointing, but not catastrophic, trading update. Like chique I bought back in too early, but I'll buy more if it falls below 60.
My fingers hovering over the 'sell' button if it drops to 60P. Have to draw a line somewhere despite the hit which is going to be very painful. My average is over 150P. So disappointed here.
I did sell but came back way too early
And the market has not finished with taking lumps off this share - now 62p to sell.
Painful experience. Should've sold in January when I was in tidy profit.
I’ll take the bearish end rating of c.100p any day. Not hard to see why the Directors are dipping their toes.
Part 2 - Same article
The consensus price target fell 6.1% to UK£1.63, with the weaker earnings outlook clearly leading analyst valuation estimates. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Watkin Jones, with the most bullish analyst valuing it at UK£2.47 and the most bearish at UK£0.93 per share.
Agree with that. I see current headwinds everywhere but low debt and decent cash in hand. That is fundamentally down to good management.
Directors have bought consistently for the last 6 months and a sizable purchase earlier this week. Would be amazed if wee don't have another soon.
If they are increasing their holding then that's good enough for me. Medium term recovery play and an interim dividend coming in June to boot despite market pressures.
Easy and solid investment opportunity for a moderate but not excessive amount of patience 👌
who cares what that bot generated **** website says.
and anaylsts who just follow the stock price.
One thing we could say about the analysts on Watkin Jones Plc (LON:WJG) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.
Following the downgrade, the most recent consensus for Watkin Jones from its six analysts is for revenues of UK£480m in 2023 which, if met, would be a substantial 30% increase on its sales over the past 12 months. Statutory earnings per share are expected to be UK£0.10, roughly flat on the last 12 months. Before this latest update, the analysts had been forecasting revenues of UK£547m and earnings per share (EPS) of UK£0.14 in 2023. Indeed, we can see that the analysts are a lot more bearish about Watkin Jones' prospects, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot.
https://simplywall.st/stocks/gb/real-estate-management-and-development/aim-wjg/watkin-jones-shares/news/analysts-just-slashed-their-watkin-jones-plc-lonwjg-eps-numb
Follow the money !
Could do with it staying low for a while, as I've recently been adding monthly in my ISA & will continue to do so.
Here come the Director buys just starting up as we thought and agreed it would a good sign…Strong buy at current price that’s for sure.
All the changes to the law in the rental sector is smashing small private landlords with older houses. In a few years, all renters are going to be herded into the sort of accommodation WJG is building. Unless you think an incoming Labour government is going to reverse the crackdown on hated small landlords.
When Paul Scott gets it wrong, he gets it very wrong. I've followed him since his days at TMF I'm no expert on the building industry but these figures are bad. They barely broke even in the last 6 months.
The Board are now trying to put out optimistic noises about a recovery in the 2nd half, but I'm not so sure. They've had 3 consecutive half year periods of serious operating cash outflows , so they are not making ends meet. Even though for the moment they have some £2m net debt (after deducting lease liabilities £47m) they are going to end up in serious debt eventually, if business doesn't start picking up within the next year.
Paywall.