Member Info for pintofhsb

Re: I know what you mean but thy have significant cash at the moment.

Yes, rate of burn crucial. 30 mil set aside for remedial work (cladding replacement?) is a huge amount - way larger than profit.

I fear a Rights Issue coming

Watkin Jones plc

('Watkin Jones' or the 'Group')

Sale of three non-core Private Rented Sector operational assets

Watkin Jones is pleased to announce that it has concluded the sale of its three non-core Private Rented Sector operational assets, located in Sheffield and Manchester, to L1 Capital.

After repayment of the related debt financing and disposal costs, the net cash inflow to the business will be an initial £9 million in Q4 FY23 and a further £2 million deferred payment in H1 FY24. This will augment the Group's FY23 year-end cash position, as well as supporting the business' ability to be proactive in the land market.

The transaction will crystalise a book loss on disposal, which is fully reflected in the expected impairment charge for FY23, highlighted in the Group's trading update of 19 July 2023.

- Ends -

I hope you're right - the 60s seem way off at present...

Fill yer boots - still no buyers at 45p. Need some good news and soon. GLA

Can you expand on that? I understand they are a property investment vehicle. Are they buying a shed load of shares? No SP increase yet.............

Excellent call. Hoping for another week of gains. 80p would be a nice threshold to cross. GLA

Urraca - Thanks no, but was expecting the worst when it dropped first thing. I have made 60 my line in the sand though and would set a traiing stop loss if I could trust the broker not to trigger in their favour! Let's hope for a better week.

My fingers hovering over the 'sell' button if it drops to 60P. Have to draw a line somewhere despite the hit which is going to be very painful. My average is over 150P. So disappointed here.

Trading update (earnings) in 4 days according to Yahoo Finance

No and I can't see anything recorded on the website. The most recent 'results' was from early Feb https://www.watkinjonesplc.com/~/media/Files/W/Watkin-Jones/documents/01-smart-wj-ar22.pdf
and there's an article from Feb 23rd on the big Lewisham site https://www.watkinjonesplc.com/~/media/Files/W/Watkin-Jones/documents/01-smart-wj-ar22.pdf Apologies if these have been posted before.

Cheers - already have ISA investment trust. I like to play with some individual shares like Lloyds, though it is largely depressing these days!

I'm considering selling all of my shares (inc lloy) in the next 12 months to avoid getting clobbered by tax on divis. The 2024 tax year £500 allowance is a joke - dropping from £5k a few years ago. Does anyone think there will be a surge of PIs giving up on shares due to this and a drop in the market as a consequence?

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

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 at the large buys coming in and SP faltering it looks like a classic tree shake to me. Time to hold IMHO. GLA

I do hold a modest number of LLOY but am reluctant to increase because I think likely UKGOV will demand a 'windfall' tax as profits rise. Seen as a cash cow after PPI.

Beware the falling knife.............

I need 140 to meet my average - hopefully by year end. There's so much going to this company and future should be sound so long as they carefully cost every forward project - inflation is horrific in so many sectors............. GLA

Scary times for our precious savings. I tried to double down at 105 to see it drop again and again. Today I bought a few more at 85 only for it to carry on down to 82. There is some solace in that all house builders have lost 50% this year , plus the huge sums the retail investors have pulled out of equities. I need to discipline myself to stop looking daily - though it's hard when it's savings............ GLA