Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I shall be happier once the stock gets back to the previous 200'ish it was before Mark made his announcement. I am fully expecting it to reach the 250 in time for the next interim divi which will be the iceing on the cake. Here in Cardiff one of WJG's on going student accommodation construction site is a real sky scraper. I can even see it from my house 4 miles away. Anyone coming to Cardiff by train or going to the Motorpoint arena passes within 100 yards of the site and the WJG banners are very prominent on the building and crane.Fabulous free advertising but not many around here have heard about the WJG before. They will now!
Apart from WJG's projects not all student accommodation applications have been approved in the past without going to appeal. Locals often do not want this type of accommodation on their doorstep and accordingly will try to get their local Councillors on their side particularly when there is a council election in the offering. What we have been seeing with WJG sites is a clear understanding by them about which site locations should be targeted. WJG have the experience built up over the years. They know how to operate in this niche sector. Long may they reign.
It is likely once again that we shall hear tomorrow afternoon that another WJG planning application has been approved by Coventry Council. That may or may not lead to a rise in the SP HOWEVER just remember that this is only the start of the development process. As things progress it is at that time we shall be seeing the SP rising in the usual way as the market latches on to the long term potential of WJG. So forget about the ups and downs (volatility) on the way it is the end result you should be focusing on IMHO.
The market now knows the reasons why Mark decided to resign his CEO position. It was solely for personal reasons. Accordingly the market will now be able to concentrate on the future development activities of the company. When the next RNS is released the market will rejig the SP to the benefit of the holding PI's, IMHO. It is also so good to know that Mark is still with us behind the scenes.
We know that this company is very sound. However due to the present market reactions to other outside forces it may well be the time to consider IMHO to sell this afternoon.Who knows what is to happen tomorrow? One can then wait until things steady again and buy back to have even more shares than you have sold today. At least some of us will have the divi. to look forward to. GLA
Thanks Peakview. No I think that the IC report is a good review of where the company is at present. I have nothing extra therefor to add at the present time. From my own perspective I am happy to ride with WJG having regard to the impressive dividends being paid and the way that the Sp travels in an upward direction ignoring the usual ups and down on the way. Having seen close at hand some of their student development projects they are ticking all the right boxes. I wish Mark was just leaving to be seconded to the cabinet. He would be able to sort out the housing crises if he was given a free hand.
Anyone who has seen the recent interview with Mark on the Equity Development site should be very pleased with both the recent and future forward funding confirmation by Mark. Every time there is a forward funding confirmation (�150M last time) the shares do rise and start an upward trend. Progress now being made as far as the 2020 business plan so lots going on in the pipeline. The Belfast news was a good starter for this year.
Yes Peakview. It is a quite common for the Sp to drop when someone high up in the management chain decides to leave even for, as it seems to be in this case, personal reasons and nothing to do with company matters.Once the company get the written decision letter regarding the 430 bed development approval I hope that the company will put out a RNS. That will help the SP. Again later this month when the shares go ex.divi the SP will probably drop for a little while. All par for the course but these shares will rise nicely in the long term IMO..
At the Belfast Planning meeting last night the committee eventually agreed with the Planning Office'rs recommendation that the application in which WJG has an interest be approved . Onward and upward. Congratulations to the WJG design team.
With the drop today now is the time to buy. Remember the planning meeting at Belfast is tomorrow evening and the Planning Officer's recommendation to the committee is to approve WJG's development application. Onward and upward. GLA
Another robust set of results with an increase of dividend payout.This is a long term hold IMO. Mark is still staying in the short term but sorry to see him leaving for personal reasons. All the best Mark you deserve your reward..