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not sure will do a test sell tomorrow
thanks chique, how about selling that amount?
Good sign and this directors first buy
added 10,000 recently without a problem
Hi All, the divi is looking really good for WJG. Anyone have an buying and selling say 11,000 shares in one deal at live bid/ask? Thanks
So pleased I purchased this share
The audio for the results presentation is available on the WJG website (just need to register) and is well worth a listen:
https://www.watkinjonesplc.com/results-and-news/reports-presentations-and-publications/2023
Positive article will be in IC tomorrow (preview available on line to subscribers this evening)
Well, not the move I was hoping today though yesterdays fall was a sign. I put the drop down to the dividend cut.
I won't buy more at this level but happy to hold long term for recovery. £1.50 after 1/2 year results would be acceptable.
GLA
Thanks Ian
Sorry didn't mean to mislead. Just misunderstood ... so 4.5p on 2nd feb ex date
4.5p for the final dividend, ex date 2nd of Feb 2023.
Full year dividend of 7.4p, in line with policy of 2x cover.
7p odds
"Thought there would be more interest in the divi rate".
Was the divi mentioned in these Full Year Results? Can't find it in the blurb...
Bought some more this morning. Thought there would be more interest in the divi rate
Completely agree, this was overly marked down from 281p when markets were normal, it’s still very profitable (cash rich), taking affirmative cost cutting action to increase margins by focusing on higher margin growth opportunities (clearly a short learning organization and well run). 3 more sets of results (18 months worth) this will be 180p to 250p I believe. Meanwhile they will returning cash in the form of solid dividends. I topped up again just now at 102p - Ave price 100p now. Very comfortable and long. Great buy opportunity for new investors from this sell off overshoot this morning I would portend.
Completely agree, this was makes down from 281p when markets were normal, still very profitable, taking affirmative cost cutting action and focusing on the higher margin opportunities. 3 more sets of results (18 months worth) this will be 180o to 250p I believe. Meanwhile they will returning cash in the form of solid dividends. I topped up again just now at 102p - Ave price 100p now. Very comfortable and long. Great buy opportunity from this sell off overshoot I would portend.
I'm in at these levels. Share price is massively oversold. A well run company, always has been, with decent working practices, low staff turnover etc. I would expect the price to recover to the 150p mark next year, if not sooner but I'm prepared to long term hold if necessary, add on the dips and take advantage of the dividends.
One more day to results, fingers crossed for and upwards re rating - GLA.
Looking for 150 to break even though no hurry to get there, 10p gain per month would be re-assuring. Wishing all holders a good week (fingers crossed).
Looking forward to Y/E next week and also forward trading statements. With China / Asia re-opening I think we will see a big take up in University rooms demand, property off a little bit will be very transitional before it starts to rise again simply due to shortages. I think we will see a nice uptick this week with people getting in before the jump up and then broker re ratings upwards thereafter. Won’t get to 250p again for 18 months or so but 130p to 170p shouldn’t be to much of a stretch depending on debt / cash especially in our results.
Good to see you're keeping the faith here Monty. There is absolutely no need for anyone to panic.
Every company connected to property took a beating in the last quarter of 2022. As Simon Thompson says in IC, a lot of market valuations for property companies are pricing in an armageddon that simply isn't going to happen.
Sure, a correction of property values is overdue (and should be welcomed by most) but the scale of the correction will be much smaller than the massive drops the market is pricing in.
Fair value here is surely at least 200p, and "worst case" I can see is a return to covid lows of around 140p (ie still a c40% upside from here). And even then i struggle to see what would stop them returning to 200p+
By the way, aware of the 7% annual price increase cap but that’s only on existing not new which will be at market rates. So don’t think this is material at all as increases can be invoked as appropriate. Don’t think they have any rents that are so low this would be a P&L negative.
With China re opening and Chinese students and others globally and most Universities getting full subscriptions, it’s hard to understand how a very small drop in revenue and margins can decimate the SP so much. It’s not like we all that leveraged neither. What people think could be the worst case scenario that’s making the sell off so bad?