Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
And with high volume, always a good sign. Hope no one got bounced out first thing this morning.
Nice rise today with good volume and still supported by cheap valuation and high dividend yield. Hopefully more to come in addition to the final div of 4.4p
Looks like MM's, in my opinion, are using these price swings to generate volume. After today's high volume of trades we may see a increase in holdings RNS. Seems that the share price has momentum so hope to see 300p before results.
Bought at 136 three weeks ago so happy days. Perhaps the offer could have been higher but happy to have achieved a very nice profit in such a short time.
Rivaldo - on the basis of those forecasts perhaps I am being slightly negative on the prospect of further share price appreciation. Any way on the basis that I always sell my performing shares to early, this is one that I am going to hold for further gains.
It is difficult to argue against the excellent fundamentals relating to Watkins Jones going forward but I do think that general scepticism towards builders may hold the share price back. Sold one third of my holdings at 134.02 day after results but will hold remainder for either share price growth or dividends.
Nice move today resulting in a new high with large volume of 1.15m. Hopefully a rerating will continue as we approach interim results at the end of January.
Having paid an interim dividend of 1.33 pence per share in June, the Board has recommended a final dividend of 2.67 pence per share, giving a total dividend of 4.0 pence per share. With admission having taken place towards the end of the first half of the financial year, this total dividend represents two thirds of the full year equivalent, giving an initial yield of 6% based on the placing price of £1 per ordinary share. This is in line with our stated intention at the time of the IPO. The dividend will be paid on 28 February 2017 to shareholders on the register at close of business on 27 January 2017. The shares will go ex-dividend on 26 January 2017.
Excellent results which after a poor start this morning the market now seems to appreciate. What I like about Watkins Jones is, it's easy to understand business model and accounting statements. Furthermore excellent free cash generation underpins a progressive dividend policy. I particularly like this statement as it demonstrates Watkins Jones strategic planning. 'As we near completion of our first PRS development in Leeds, we are looking, while always being mindful of the need to expand in a sustainable way, to build on our expertise and our institutional relationships to develop real momentum in the PRS market and we are looking at a number of exciting opportunities'.
I read an article a few days back that Cambridge University had experienced a 13% drop in undergraduate enquiries from the continent since Brexit. Similarly Oxford was expecting a fall off in demand from post graduate students. Whilst Watkins Jones are not building accommodation for these prestigious universities any similar drop in demand for the country's universities from abroad would impact the demand for such accommodation. If this is the case it becomes all the more important that Watkins Jones diversify their revenue streams. Hopefully next week will provide some clues. I have changed my buy opinion subject to next weeks results.
Today Majestic wine has provided a trading update that the market seems to like. Hopefully a positive result at the end of this month by Conviviality will result in similar increase in share price.
I still believe in Watkins Jones and hope to see some price appreciation leading up to the interim results but house broker targets will always be, in my opinion, overly optimistic. It would be nice as an investor to be proved wrong, we will have to wait and see.
It would appear that over the last few weeks that buyers and sellers have been equally matched hence the static share price. As Rivaldo and others have commented, there seems to have been a persistent seller of late that has held the share price back. I am still very confident that eventually we will see some degree of a share price rerate hence I added a small purchase on Friday of 1700 shares at 117.4599.