Watkin Jones Share Price (WJG)

Agreed, Retired B - I've just added to my holding on the back of today's news, too - sasa.

In a similar vein I have taken a decision to re-invest here today on the drop given the attractiveness of the entry point. This is a well managed business with a model extending neatly from student accommodation to BtR sector. Whilst the upside is probably capped below £3 based on current pipeline this can move forward based on additional pre-sold announcements particularly in the BtR sector which has greater headroom IMO.

Decided to double my holding today. I read the RNS as an indication of the "floor" price for this share.
In slightly distressed circumstances the owners sell 1/3rd of their holding to institutional investors who can buy below market.
To my mind that tells us i) the owners still have a lot of skin in the game ii) the float of shares available for trading has increased and iii) 210p is seen as an excellent entry price by people who earn their living buying / selling stocks.
Although my original purchase back in Jan '18 (@ 200p) hasn't done a great deal since, I'm still happy to add again at 217p

Thanks for the link.
I'm not very clever in these matters so please correct me if wrong. Family owned shares have been placed at 210 so depressing SP today. There are more shares in circulation but not in the company as a whole. Family will get less dividend but gain from the 90% SP growth since float i.e big chunk of money.

https://www.investorschronicle.co.uk/comment/2019/11/11/on-solid-foundations/ New target price of 275p. GLA