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Watkin Jones

February 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WJG
  • Price:
  • 230p
The last full year results to be presented by Mark Watkin Jones, the ninth member of the family to run the firm, show the business is being left in good shape. For the year to September, sales rose 20% to £363m, pretax profit by 16% to £50.1m and eps by 14% to 16p - all new records. The balance sheet also strengthened further with £80.2m cash, following £54m cash inflow.To recap, Watkin Jones’ historical mainstay has been student accommodation development where it buys land, builds accommodation blocks and sells the whole development to institutional investors. Gross profit from this area rose strongly to £60.7m - 84% of group - on sales up 22% at £312.7m. Adjusting for the impact of forwar ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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