Read the RNS properly..19 Jul 2023 11:57
...As a result, looking at the remainder of the year, Watkin Jones told investors it would no longer expect to materially improve on the £2mln of underlying profit reported previously for the first half. That forecast is based on the firm having no completions of forward sales by the end of 2023.
Meanwhile, it downgraded the profit forecast for 2024 by setting a range of £15-20mln.
So 2024 expected profit of £15-20m... Mcap £120m
Too low.
Recovery coming.